For NASDAQ:MVST , wait till a day after the quarterly results are out (01 Apr 24). If the price is heading down from that date and the resistance level, then wait until either the RSI is at 30 or the price reaches $0.55. And then start DCA for a long term hold. If after the quarterly results the price starts a flag pattern, see the trend of the RSI and start the...
NASDAQ:TLRY is approaching a resistance range and is at the top of a W pattern. It's rsi is also overbought above the 70 level. Volume is also trending upwards and has reached the level where the previous volume high (and price trend reversal) was. The trading opportunity is around the 3 scenarios shown in the chart, with, due to the technical indicators...
NYSE:SMR is approaching a potential entry point for the start of a DCA strategy for a long term hold. SUMMARY Wait to see where the price moves. Using a combination of RSI reaching 30 and the price falling to (with a 3 day filter) around $4 or if the price continues to fall then around $2 (another 3 day filter at this level too), begin entry with a DCA...
Hi guys For Bitcoin, if the short-term uptrend line remains intact, the possibility of a continuation of the uptrend is strengthened. Due to the issued negative divergence and price compression in the upward trend, the weight of a downward-corrective trend is currently high. What do you think?
Saw COIN looking toppy and it played out perfectly- the crypto rally isn’t over yet though and COIN is one of the better proxy plays for capturing the bullish price action we’re in crypto. Short off the top layer off nicely but the RSI is indicating that crypto nor COIN upside is done. The bullish divergence seen in the RSI should provide some decent upside at...
#OM/USDT #Analysis Description --------------------------------------------------------------- + I'm seeing clear RSI divergence pointing towards bearish price trend for the OM/USDT + Also the chart looks like the price has reached double top pattern which is a bearish pattern. + Overall there is a short trade opportunity if we trade carefully....
This week, I'm feeling bullish on GBPUSD, and here's why: 1. Weaker Bullish Trend on Daily Chart: Although the bullish trend on the daily chart is weaker, the recent violation of previous resistance suggests potential upward momentum. 2. RSI Divergence on 1-hourly Chart: The presence of RSI Divergence on the 1-hourly chart indicates a possible reversal or...
Hi guys It seems that the two price areas that we have identified are very low risk for buying. According to the issued divergences, the possibility of a downward trend should be considered. Interestingly, this cryptocurrency does not have any resistance range after the price area of $20.4! What do you think?
This week, I'm taking a long position on EURJPY based on the 4-hourly chart. While some may see it as a Bullish Gartley pattern with a warning sign, others may interpret it differently, perhaps as a Bullish Gartley on PEZ or a key support level. My Trade Plan on EURJPY 1. Long position initiated based on the 4-hourly chart. 2. Watching closely for any violation...
The cryptocurrency Next is on the verge of breaking its all-time high (ATH) of $0.41390 on the weekly chart. If the price breaks above this resistance level, it could signal further gains for the token. However, if the price fails to break through this level, it could find support at $0.34618, the next key level is $0.31143. Technical Analysis: ...
Today, let's delve into an intriguing setup on GBPJPY that combines a Weekly Chart RSI Divergence with a 1-hourly Bearish Shark Pattern: 1. Weekly Chart RSI Divergence: - Observe the RSI Divergence on the Weekly Chart, signaling a potential weakening of the bullish trend. - This divergence might serve as a precursor to a reversal or retracement. 2. 1-hourly...
After a good bullish rally for AUDNZD, the pair reached the horizontal resistance zone combined there with a supply zone. From the perspective of RSI there is bear divergence on 1H time frame. It is a bit risky to enter in a sell position right now, but if we have a good candlestick confirmation it would be great. However, the stoploss could be outside the supply...
The price has successfully completed a three-drive pattern, and concurrently, there is a noticeable formation of a rising wedge pattern and I shouldn't forget to mention that the strength of each new upward wave has weakened compared to its previous wave. Additionally, the confirmation of a bearish movement is evident through the observed RSI divergence. please...
Technical Breakout: On November 13, 2023, NASDAQ:TQQQ experienced a significant structural shift with the breach of the $40 resistance level. The subsequent bull run in the tech sector propelled NASDAQ:TQQQ to a peak of $61.22 on February 12, 2024. Fibonacci Retracement: After reaching the peak of $61.22 on February 12, 2024, NASDAQ:TQQQ made an...
Am I the only one who finds it attractive? Or do you think it's attractive too!!? My opinion for the rise is strengthened only by the consumption of the $0.5402 resistance range. The $0.4745 range is low risk. But we have to see if the resistance range will be broken first what do you think!?
-0.6% MoM CPI and now technical recession with 0.3 shrinking on quarterly basis. UK data this week was very weak but recently and EURGBP trying to find support from 0.85. The weak data, bulish RSI divergence and the 0.85 support all create a buying oppurtunity. 0.8560 could be the trigger for upward moves. Below 0.85 however will change the positive outlook for...