Showing extreme amounts of bearish divergence on the daily, breaking immediate trendline and bearishly engulfing on the daily a pullback to the $326 area seems likely.
For my Forex Mastery Institute (FMI) Studies. Violation # 2 of uptrend.
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This pair is trading at very low prices compared to history. The price has been falling for some time and while doing so it has formed a downtrend. This trend may be broken if the price manage to close above the 225$ which will indicate a change of momentum and bullish trend.
A clean daily trend break here on USD/CAD on 4hr. Looks like price is retesting last swing high which is now resistance. Will it hold and reverse down to support and bounce? What are your thoughts on this analysis?... I also see a double bottom, but i don't think it's strong enough for the upside.
BTC is flirting with the major trend support line. Sellers appear to be exhausted, but we could see a sharp liquidity grab (potentially a fake-out break of the major trend) before continuing higher. This is a great time to start averaging in, however I'm looking for both Daily and 4-hour divergences before I commit fully to the trade.
A lot is going on with BTC at the moment. A common sentiment in the market is not looking great at the moment, and lots of people are starting to believe that we have already entered the bear market. In my opinion, We are still in the bull cycle. Here is why? Even though this correction was brutal, it is a very similar correction we have seen in May and...
AVAX tested the strong confluence area (Yellow box) where the strong support zone and 100 EMA meets and bounce upwards. Currently broke out the short term trendline and breaking out of 21 EMA (yellow circle). Wait for the retest on the trendline and 21 EMA to enter. This is not financial advice please DYOR
NIO has been in a decreasing trend since the beginning of the year, which has been confirmed with a couple of bounces. Nevertheless, chances are that the price of these shares break this trend line and starts increasing, having as a first objective attaining $49-50 per share. The MACD indicator is right now pointing upwards, which means that the two lines that...
I posted some setups on lower timeframes awhile back near 3 dollars and over that time period ADA has pulled back and closed below this weekly trendline and now it seems that we will be going for much deeper targets Potentially down below 80 cents.
WAVES Mid term Analysis WAVES has broken a strong trend line which is so bearish for this coin. We expect to see more drop up to 17$ and 12$ for this coin. Also the best places to buy this coin are these!
Hi Traders, Looking at the EURUSD chart, we can see that it has formed a descending channel. And it’s currently at the support zone of the channel! So we have the green descending trendline for confirmation, that is, if it breaks this trendline we expect it to move up to the purple trendline. The purple trendline will act as a stronger resistance zone/point so...
The Shark in the price chart is not one i would normally plot but in this case it lines up with the 0.618 and the RSI has a Bullish Bat so i'm more inclined to attempt a bullish trade on it from here my stop will below the 0.786 retracement.
Even though my entry was on the 5 minute these markups on the 15min chart. Price broke trend line and consolidation & gave me a partial retest. So i got in on the 5 min right after a doji. It consolidated and went in my direction, created a higher low so i moved my stop to break even and it went straight to break even. Overall it was a good setup.
This idea takes some latitude when referring to the AMEX:SPY using the ES1! chart, both being a derivative of the S&P and understood as being similar when moving at a macro level (higher time frames). Previously the recent observable trend was that there was a high chance that the AMEX:SPY would dip soon after options expiration, which it did, followed by a...
I believe i have a pretty good set up on this trendline break. Going to wait for a retest of trend line get in on possible long position.
Same chart pattern. Longer-term trend break to the upside and origin break Celer Network is a platform coin with a max supply of 10,000,000,000, 57% circulating supply and a $670M market cap.
UKOIL looking strong for a climb back to $76 range as it broke trend and closed above. Very bullish.