We've been holding through a long-term bearish channel The channel appears to be tightening A case for hidden bullish divergence on the weekly is being made
Recently broke historical lows established in January 2016. Double Topped Aug '19 - Aug '20 On a constant downtrend '21 - '22 and now closed out 8/19/22 at all-time lows. We're now in price discovery for a bottom
Three touches. Are we there? Also... Weekly : Not quite a textbook Gartley, but something to consider
"My boy's wicked smaht." Recent history on GRTUSD Weekly : Price action at the historical low when the coin was first on market. 4 hour : Inverted H&S Confirmed; Neck line broke through and back-tested. Currently on GRTUSD Daily : Continuation Pattern (Pennant) with tightening price range 4 hour : Classic Divergence on MACD 4 hour :...
Some call it Class B, some call it Class III.
Sell volume dying down on $SNDL. MACD is showing this seller exhaustion play out. RSI is basically flat for recent history. A rebound would be played cautiously, as it could be possible markdown bounce.
Looking @ the 4h we see a continuous trend of higher lows on the RSI. This same trend is playing out on the daily as well, with possible seller exhaustion developing on the MACD. Watch for any candle closes below $10, as this could jeopardize the trend. All in all, the up-down trend has gone well with $NNDM. There might be more upside potential given the price...
Negative momentum slowing down on MACD. Price touching previous area of congestion established over the past 4 months. Double bottom on RSI with upside developing. Do your own DD, not financial advice.
Note double bottom on RSI, 4h. Nearly same price action move % wise at the beginning of current pattern. Channel being respected. Watch for RSI to break key levels of resistance painted here on chart. Set alarms. MACD showing some negative momentum exhaustion. Basic trading ideas here. Not advice. Just telling you what the indicators say. As always, wait for...
We like the stonk. We're finally getting enough data to look @ this bad boy. Shorter time frames are showing some seller exhaustion on MACD. SPACs bottom out at $10 so risk pretty easy to manage @ these areas. Do your own research. Not fin advice.
The bull case for DE has been trending since the selloff in 2008. Looking for a correction any time now as the RSI is near 2007 levels. What goes up must come down.
Sad to see. Coupled with news about rising mortgage rates this isn't looking good. Same pattern on the daily. Not financial advice.
This pattern is playing out on a few favorite stonks. Wait for MACD seller exhaustion to confirm reversal. If we look @ recent history of the stock the same scenario has played out various times. Target areas of congestion and recent high. If ATH is broken, you determine risk-reward. Not financial advice, all that jazz.