You see 3 different signals from MACD and RSI What do you think will happen?
*** Disclaimer - I'm relatively new to TA *** I've been seeing a head and shoulder play out. On top of this, there's an ascending wedge playing out within that formation. Stochastics showing a bearish cross. There's also a lot of bearish divergence in the RSI. I think we're going to hit support around the $20,000 psychological level before we bounce back up. This...
*** Disclaimer - I am relatively new to TA *** Moving averages and stochastics are showing bearish signals on the 4 HR . We're in a large descending triangle . Inside that, we're also seeing an upwards broadening wedge play out. I think we're going to break lower to the support around $11.50. This would be a great buying opportunity. If the US reacts positively...
Or, potentially a descending triangle is forming, only time will tell. On the KST there's been a bearish cross. The RSI is displaying a potential descending triangle or bull flag similar to the price action.
On the KST there has been a bearish cross where I've placed the blue finger icon. On the RSI there has not been a higher high creation, possibly a bearish divergence happening here. Notice how on the RSI it's a similar bullish flag or descending triangle to the price, but on the RSI there hasn't been a break outside the pattern. Time will tell, see my previous...
On the RSI there's a noticeable descending triangle forming similar to the price action. On the KST there's recently been a bearish cross.
Or, possibly a descending triangle, there's been a bearish cross on the KST where I have the red finger icon pointing downward. On the RSI there's a noticeable pattern identical to the price action. I have drawn a hypothetical potential price scenario outcome in green. The green human body & head icon represents the head of a potential Inverted H&S pattern, if...
In blue it appears as though GBR is trading in a bullish flag, but looking at the RSI there's a noticeable bearish divergence, meaning, the price continues to rise but the RSI is declining. On the KST there's been a bearish cross where I have the blue finger icon pointing down.
Notice the RSI is displaying a bearish descending triangle pattern, similar to the price action, and on the KST there's a noticeable bearish cross which will potentially end up the right shoulder of a H&S pattern. We have seen the blue baseline of support on the RSI hold for the time being. The 3 blue finger icons on the left side of the chart represent a triple...
It appears as though there's been a bearish cross on the KST & on the RSI there's a noticeable descending triangle pattern, two bearish indicators with a potential H&S in the share price, tisk tisk tisk. A possible test of $70.00 on the horizon.
It's possible this pattern plays out bullishly as a Bull Flag, there's a noticeable divergence on the RSI, we've seen higher lows in the RSI but the share price has basically chopped sideways. On the KST there's been a bearish cross.
JP Morgan is under pressure, and rightfully so, considering they've been caught with their hand in the cookie jar, once again, ahhhh the blasphemy! I always find it ironic when the same banks calling Bitcoin a fraud get caught for fraud or money laundering, it strengthens the argument for Bitcoin every single time. Possible H&S breakdown, bearish cross on the...
Gold is trading in a multi month descending triangle that just broke to the downside, keep in mind this pattern has been moderately adjusted since my last because Gold broke out bullishly to the upside, but has since corrected rather drastically, that was a sneaky fake-out to the upside. If the green line of support doesn't hold the dark red line below is the...
There appears to be a micro H&S playing out at the moment, the green upward sloping line of support has been broken to the downside, we have seen multiple bullish reactions off of that green line, but now the weakness in the trend is becoming more noticeable. The red M pattern is the Head & Shoulders, I've placed a giant red human icon to represent the head of...
Ascending triangle drawn on 4hr chart (similar to LTCUSD as well as ETHUSD ) and applied to 1 day chart due to relevant moving average resistance above triangle to be cautious of. A move above $313.30 would create a new swing high while breaching the 50 & 200 Day MAs (that are trying to bear cross) making the trade a position worth risking. The measured move...
Bear cross of the fast EMA (White) crossing the long EMA (Red), the previous 2 times we had such a cross, we dropped back to the bottom of the support line on the ascending triangle. Adding to this, this time we couldn't even keep the crossing of the white EMA on the red EMA more then 5 days, which lead me to be bearish, possible outcome the testing of the...
On April 7, 2017, the Chevron Corporation ( CVX ) crossed below its 150 day moving average (MA). Historically this has occurred 253 times and the stock does not always drop. The stock has a median loss of 3.162% and a maximum loss of 55.271% over the next 15 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at...
On April 7, 2017, the Intel Corporation ( INTC ) crossed below its 100 day moving average (MA). Historically this has occurred 241 times and the stock does not always drop. The stock has a median loss of 4.249% and a maximum loss of 34.757% over the next 10 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at...