Bullish divergence on the Daily on the MACD and the RSI - green line
We can see how the price consolidates inside in what it seems to be an ascending triangle - blue line. Formations like this tend to break upwards.
Regardless the direction of the breakout , we currently trade in the low are of the consolidation and just bounced off the demand trend-line...
Loading on the long position for Natural Gas, being trading in the descending broadening wedge for a while price gives first signals of bullish divergence on the MACD and the RSI on the 1H timeframe , a signal that we gained some value on these levels and buyers are coming in .
Double bottom on the price of UK OIL with bullish divergence on the RSI on the daily chart,
Good entry for longs and taking profits at $62 where the 20 MA is at at the moment , price in case of an uptrend most likely will travel towards that level,
Also Fibonacci taken from the high to low of the descending channel we have been trading in for the last few...
Sugar weekly candle just closed above the 20 ma and the 21 ema. Looking left when that occurred in the past we had at least one additional full body weekly candle close above those moving averages before trend reversal OR start of a further uptrend , especially in those cases that 21 ema crossed over the 20 ma to the upside.
Linking this idea with my...
Here is a macro picture for Tesla on the weekly time frame.
Tesla broke out that descending channel that was trading in for months , retested forming a descending wedge that also broke up to the upside , and now and on its way up .
Long term positions with profits at 0.5 => 279, 0.618 => 302 , 0.786 => 335
Currently price is above the 21 ema -blue line-...
Ltc price reached the lower end of the fib channel ,
That means we re still on an uptrend but on a slower growth due to the lack of volume,
Also the 0.236 fib level - white line of the fib taken from 106 high to 62 low, where the price action was unfolding around for the last few hours , happens to coincide with the 21 ema on the Daily ,
So we can see...
Double bottomed and oscillators showing class B bullish divergence on the 1 H.
Ltc reached the 0.382 fib level of the Fibonacci taken from 107 high to 62 low, some profit was taken on these levels and now we touched the 0.236 fib level for a second time creating what seems like a double bottom with a bullish divergence on the 1H.
Good entry point for taking...
LTC/BTC pair shows bullish signals.
Breaking out of a descending channel we were in for the last couple of months,
While in that channel MACD daily gave strong bullish diverge signals.
If price manages to stay above 0.007 BTC it will head towards higher levels .
Taking profits out at 0.5 fibo from 0.012171 high to 0.006061 low which is at 0.009084 BTC and...
Head and Shoulders played out , What followed was a retest on of the level of the last peak of the descending wedge we broke out from yesterday ,
While doing that price did consolidate inside a descending broadening wedge which is bullish, Broke out to the upside , retested back on the top side of it and now we are set for another run to the upside,classic text...
Head and Shoulders forming on the 1H after bitcoin got stopped at the 10450 level which is the 0.786 fibo taken from 10604 high to 9880 low( range we were downdtrending for the past few days as seen on the chart )
That will bring us back on the upper side of the descending wedge formation we broke out to the upside yesterday - green curved line
BTC holds the 10000 USDT mark though there are no buyers to boost the price on higher levels . It seems though from the chart that we will have to go higher for price to prepare on going deeper on lower lows territory as any attempt from sellers the last week only resulted on strong bounce back above 10000 every time we touched bellow that ,creating a bullish...
Waiting for the price to break to the upside after consolidating inside the descending wedge
Negative momentum on the MACD decreases as price moves to lower lows -bullish divergence.
First target for profits the 0.12128 high to 0.11322 low 0.5 fib level
Second target the 0.12599 to 0.11322 low 0.5 fib level which happens to coincide with the 0.618 of the...
consolidating for a while in a symmetrical triangle -which is a continuation pattern- we just just broke on the upside, potential long with taking profits on squares marked by the resistance looking left at 221.8 high , and the first fibo extension at 229 -fibo taken from the 221.8 high to 192.753 low - which coincides with historical resistance from September 2018
Head and Shoulders pattern on the 5 mins , sending price back to 10500's , fib 0.618 level from 10460 low to 10777 high is at 10580 , maybe good entry before our next swing high in the ascending wedge price is consolidating in at the moment.