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Bearish-divergence

TURBO Bearish Divergence on 1Wk ChartTURBO Chart 1WK: We have a negative divergence forming on the weekly time frame. If the current candle remains as a bearish engulfing candle by the close of this week (3 days), then it's going down to test the bottom of the channel and those lower wicks. Falling to the bottom of this channel would result in a -31%. Correction. If it breaks the channel lower, then it's going down -80% In a first ever "Utility Bull-Run," how will the meme coins hold up this time, with no utility? This could be like the FTX or Luna Crash 👀
Short
by sir_Cooley
2
NZD/CHF 4H Quick Take: Bearish Divergence AheadThe NZD/CHF pair is signaling a cautionary tale on its 4-hour chart. Despite posting higher highs, a bearish divergence with the RSI, which has been making lower highs, suggests weakening momentum. Notably, the RSI's recent peaks above 70 highlight overbought conditions, with the latest peak lower than its predecessor, hinting at diminishing buyer strength. The pair's interaction with the weekly pivot point at 0.54257 early this week hints at a possible retest of this level soon. Traders should brace for potential shifts, as these indicators collectively suggest a looming correction.
Short
by TradingClue
Daily Wedge w/ Divergence Spotted!! - AJHere I have AUD/JPY on the 4Hr and Daily Charts! Daily Chart- -We see Price outlining a Rising Wedge and with this the First inclination that we could see Price push down further is the Bearish Divergence shown as the HIGHS on the RSI indicator suggesting Bulls could be losing Power! -The High created on Feb. 23rd was followed by a STEEP decline in price!! Much of this caused by BOJ rumors of JPY possibly exiting "Deflation" and with the market doing well! 4Hr Chart- Price had made a Low after the steep decline from the High giving me an opportunity to find a Fib'd Entry Zone and Price had tested it already at the end of last week. To start this week, price as began to work down validating my Bearish Bias on this pair! Fundamentally this week: AUD - GDP (Tue) JPY - Tokyo Core CPI & BOJ Ueda Speaks (Mon) *Currently in Active Trade
Short
by Novi_Fibonacci
Bearish RSI divergence on NasdaqHello everyone, I just found a bearish RSI divergence on weekly chart of Nasdaq. RSI (14) on February 5 was at 73.05 and 72.91 on February 26. Close was 15990.66, now is 16274.94. In addition there was a bull cycle of 18 bars on weekly chart from March 13 2023 with price increase of 31.54 %, current cycle from October 23 ended with 29.96 %. And there is a high probability of a drop after reaching the ATH. See June 18 2015, just 4 days after a drop occured with a low on July 7, then another ATH was on July 15 August at 5231.94, this is just 1.01937 % above ATH from 10 March 2000 at 5132.52. Then signiffant drop occured with a low on August 24 at 4292.14, this is 82,03 % of ATH.
NASDAQ:IXICShort
by Ceneon
1
NASDAQ Moving Lower (1W)NASDAQ Weekly Price Chart After forming a double bottom in late 2022 the NASDAQ bounced and has melted up from its lows approximately 48% confirming that it was more than just a bear market rally. Most recently the NASDAQ has run into resistance (Light Red Box) and has descended roughly 3% past a minor trend line on the daily chart (not shown). Shorter term EMA's are beginning to even out (12-day / 26-day) indicting the beginning of a change in the direction of price action which will most likely move lower towards the target supports (Light Green Boxes). If the bottom support (Red Solid) is broken (pretty big "if" at the moment) then the possibility of breaking the long-term trend line (Yellow Solid) will come into play, however at this point it is premature to assume this comes to fruition. Relative Strength Indicator The major trend line (Yellow Solid) highlights the divergence from price action beginning in May 2022 and confirming the double bottom ending in December 2022. Most recently the RSI has remained elevated above the 70 line indicating a strong trend, however, the RSI has fallen back below the 70 signaling weakness. The RSI most likely moves down toward the major trend line and major support (Red Solid) from this point. Considering a cradle is in play with the resistance and trend line crossing, it will more than likely bounce with price action allowing the price to attempt one more move higher but will ultimately fail along with RSI failing to make a higher high and confirming price action. If the support and trend are broken it is most likely game over. On Balance Volume OBV bounced along with price and RSI in December 2022 and continued higher while making two consecutive bull flags confirming the movement. The OBV has failed to move higher after encountering resistance (Aquamarine Dotted) while retesting the major trend line (Yellow Solid) and seemingly has begun to move lower (emphasis on begun to). It is also notable to mention that a minor trend line (Yellow Dotted) has created a cradle that the OBV has so far failed to break. If the major resistance (Red Solid) is broken then it is basically game over, but we have two areas of support (Light Green Boxes) that will need to be broken first. The major resistance has had previous breaks which led to major downturns that can be seen in December 2000, February 2005, and September 2008 (all shown above). TDLR; Just want the meat and potatoes huh? Don't worry our entrees always Seem Legit. Price action recently hit resistance and has begun to move lower while EMA's begin to flatten. There's a 3% move down from a minor trend line on the 1D (not shown). The RSI is showing a bearish divergence after remaining elevated over the 70 line and beginning to move lower. The OBV looks to be forming a double top, and has run into resistance from a major and a minor trend line. Don't forget that this could take months to play out since this is the weekly chart. What Seems Legit? Possibly a bounce here from the support formed Jan - Mar 2022 in conjunction with the 12-day or 26-day EMA, retest the recent high, fail to break it and begin to move lower. It might just push lower due to the RSI on the 1D moving below the 50 line (analysis of the 1D has been posted). "History doesnt repeat itself but often it rhymes" - - Tap the 50-day EMA and carry on (2019) - Crash to the major trend line and carry on (2020) - Break the major support on the OBV and head lower (2000, 2005, 2008) Chart Key Yellow Solid = Major Trend Line Red Solid = Major Support Aquamarine Solid = Divergences Red Box = Major Resistance Green Boxes = Supports / Target Areas
NASDAQ:NDXShort
by Seems_Legit_Research
1
🔥 Bitcoin In Danger 🚨 Bearish Divergence Playing Out!Last week I made an analysis on BTC's bearish divergence on the 3-day chart. Seeing the bearish price action we got recently, it seems that this bearish divergence is playing out well. In my eyes, it's very likely that BTC will go down from here onwards. Next target is the dotted purple support line. Seeing there's another FOMC interest announcement tomorrow, Bitcoin is in danger of breaking through said support in case the market doesn't like tomorrow's meeting. In that case, my expectation would be that the top for 2023 is in. All eyes on tomorrow.
COINBASE:BTCUSDShort
by FieryTrading
14
🔥 Bitcoin Double Bearish Divergence: Caution! 🚨With BTC failing to break confidently through 31,000$, a bearish short-term scenario for BTC becomes more and more likely. As seen on the chart, Bitcoin is experiencing a double bearish divergence on the 3-day chart, which started forming all the way at the start of 2023. The first (yellow) bearish divergence is arguably already "over", since the fall from 31k to 25k. However, the blue (second) bearish divergence is still very much alive and poses a risk to bullish investors. A daily close below 29,500$ would dramatically increase the risk of a change in trend towards the bearish side. First support being the bottom dotted support line. This move would be in line with my most recent bearish analysis for Bitcoin where we would trade in a bearish symmetrical channel, see below. Over the long-term, I'm still bullish and of the conviction that the bottom is most likely in. Nevertheless, there's always a risk of shorter term bearish periods. Share your thoughts in the comments 🙏
COINBASE:BTCUSDShort
by FieryTrading
20
AUDNZD | Bearish Divergence AUDNZD being in an uptrend means that the value of the Australian dollar relative to the New Zealand dollar is currently on the rise. Additionally, there is a notable development occurring in the form of hidden divergence on the Relative Strength Index (RSI). Hidden divergence refers to a situation where the price of an asset and the RSI indicator move in opposite directions. In this case, the formation of hidden divergence on the RSI suggests a potential reversal in the current trend. This means that despite the ongoing uptrend, there are indications that the market sentiment might shift in the opposite direction. Traders and analysts often pay attention to hidden divergence as it can provide insight into a potential change in the market dynamics. AUDNZD is currently experiencing an uptrend, the presence of hidden divergence on the RSI indicates the possibility of a reversal in the trend.
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by awaisulabdeen
EURAUD Is Looking For Strong ResistanceBroken multi-year trendline support suggests that the Australian dollar will be doing much better than the euro in years to come. Despite recent recovery, we just see it as a corrective rally within downtrend with nice technical multi-year resistance. Looking at the daily chart of EURAUD currency pair, we can see a three-wave higher degree (A)-(B)-(C) corrective rally after completing the leading diagonal at 1.43 area in summer 2022. By reaching projected August 2021 resistance within a five-wave cycle for wave (C), a bearish reversal can be near, especially if we consider a bearish divergence on RSI. However, keep in mind that bearish confirmation is only below channel support line and 1.5844 level.
Short
by ew-forecast