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Bearishdivergence

SHIB/USDT : Where should we sell our SHIBs ? BINANCE:SHIBUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! #SHIB has broke above the $0.00003484 resistance zone and retest it, Then it showed a bounce near to ATH. 📌 #SHIB may see a pullback by almost 25%–35% by 5 factors : - Dubbed the Relative Strength Index (RSI); SHIB crossed above 70 on Oct. 3 and peaked around 94 three days later. Ideally, its overbought reading could have resulted in a price correction. But SHIB continued its rally as the monthly session progressed, eventually rising over 574% to its five-month high at $0.00004860 on Oct. 26. - On the other hand, #SHIB's RSI slipped lower, thus creating a broad divergence between #SHIB's price and momentum. That reflected an underlying weakness in the cryptocurrency's ongoing uptrend, raising possibilities of a pullback in the coming days. - There's a declining on trading volumes three days in a row (in daily timeframe), thus further validating the SHIB uptrend's underlying weakness. - #SHIB is reaching the ATH's resistance and it can reject the pair in short-term - Based on FIB extension's levels and the bullish flag target, #SHIB might reverse it's movement from two points : $0.00005106 and $0.00005536. The 1st target is the FIB's level and it's near to the bullish flag's target, So we use the gap between this line and ATH's line as a possible resistance zone ! But according to the reserves and active liquidation events; We may experience a leg up to the higher target level for SHORTs squeeze and reverse the movement for further advantages on liquidation events. It's not a technical view, But because of whales activity on #SHIB, We may experience high volatility movement near/above the ATH ! 🔰 As you can see there are multiple factors that make #SHIB more bearish above the ATH, SO you need to be caution as we are approaching the ATH.. Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
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by Helical_Trades
56
Solana!!!! Bull Flag a trap ? In my recent Analysis on Solana I've published About the Bull flag formation in SOLANA Well its our good that We are Still in profit according to that analysis but Today I have spotted a bear divergence in the RSI So that means Solana will break in near future ? Well Reversal can be seen in near 2 or 3 days but can not be much powerful. I also drew the Support zone which is at almost 129USDT,Most probably it can take support from there . Never the less Crypto Alts are dependent on Bitcoin only and BTC showed a massive cup and handle formation also the crypto total market cap On this basis only I am assuming bears are not powerful However I'm eagerly waiting for your point of views fell happy to share in the comment box ! Best of luck for your trades !!
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by fatehgarhiaharman
2
selling the news2 scenarios in this run up to earnings for TSLA. 1. TSLA beats analysts and does really well this past qtr but with the major disruptions in supply chains and China the past couple of weeks, people can begin to price in not so great numbers going into Q4 and take this opportunity to sell the news. 2. TSLA doesn't do as forecasted and undershoots analysts and performed not as expected, this will be followed by a little sell off once those are announced on WED, + supply chains will also be looked at and forecasted into future earnings going into Q4. On the technicals we have 2 options as well thats being played out. 1. There was a little fake out in the wedge that has the solid base and upper trend and will resume to the downside effectively breaking down and out of that wedge. 2. TSLA is in a channel highlighted and at the very top looking at bouncing down towards the bottom of the channel line. Bearish divergence on MFI and RSI and currently overbought on the RSI in all timeframes. That's all folks
NASDAQ:TSLAShort
by moonman777
BTC May 11, again?On May 11 we were in almost the same spot as now, then we had multiple bearish divergences as we have now. And now we got RSI and SRSI at a higher angle. Macd looks like it will print death cross also. I AM NOT SAYING THAT WE MUST GO DOWN. Just want to point at this situation, as a possible scenario. I personally wouldn't like for this to happen, but it's better to have this option in your cards also. Just heads up guys!!! I would like to hear your opinions guys... Good luck traders
by PhilosophersStone
8
BTCUSD - H4 - MBB = LEADING INDICATOR !The Mid Bollinger Band (MBB) worked perfectly well so far in rejecting all downside breakout attempts !!! Therefore, as long as this support level (currently @ 54'595) hold, it should be seen as a supportive signal, calling for this ongoing upside move. Watch also technical indicators (such as RSI) which has already triggered, so far, only a minor BEARISH DIVERGENCE; nevertheless, a failure to switch from a divergence mode to a convergence mode would be an additional warning signal, which could trigger a renewal selling pressure calling for lower level. UPSIDE : Watch former intraday high @ 56'168 (potential double top !), ahead of the ongoing uptrend channel projection levels. DOWNSIDE : Monitor closely 54'595 as the first significant support level ahead of 53'298 (KS) and also, currently the bottom support line of the ongoing H4 uptrend channel
BITSTAMP:BTCUSD
by Ironman8848
BTC QUICK UPDATE!Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is a quick update on BTC. BTC currently trading above $49k. It made a decent upside move from the starting of Uptober (October) month. Now BTC facing a big psychological resistance which is at $50k. Le's see what the chart says. According to the chart, I expect some retracement from here. Why am I expecting a retracement? Because the RSI shows a bearish divergence and also volume is decreasing. So I expect BTC price may come to $47,500 or even $45k and a quick bounce from there is highly likely. Also according to the fear and greed index, we are in the greed zone now. So "be fearful when everyone is greedy and be greedy when everyone is fearful." But if we manage to break and close above the $50k then my next short-term target is $53k. So keep a close eye on the $50k level and avoid high leverage trading as of now. Do appreciate with your likes and support. It motivates me to work more. This isn't financial advice. DYOR before investing. Thank you!
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by CoreCrypto1
6
NDX/SPY Continues to look like a bull trapI have been watching this formation develop for what feels like a year now and it is slowly grinding its way through and it seems we are finally on the verge of having the performance begin Generally speaking, since the dotcom crash NDX has gone up faster than SPY and so that has made it the bet for people to "just by the index" to make their gains. But now with this long term pattern forming it is signaling that NDX isn't the main bet to make. There are two main propositions from this formation: either SPY will start to outperform NDX to the upside or given the situation of the broader markets, NDX is going to lead the charge downward in a recession. Given how much negativity we see in the system combined with the topping pattern I think it will be the downside. If you compare the NDX/SPY chart to NDX you can see that these top formations on the pair do predict a dip on NDX. So far these dips on NDX have been great buying opportunities because they have been higher lows. Eventually NDX is going to print a lower low. After that lower low we are at risk for a lower high and that sets the bearish trend. Imbedded in the fib extension on the main chart is the notion that we are facing an ABC correction on NDX/SPY and we will see a C wave that is 1.618 or greater than the length of Wave A. If we look at the chart the last bit of serious price action has been between the 2.618 and 3 extension levels and so over the course of the next leg down I will be watching for NDX/SPY to chop its way down there for another consolidation. I am not sure most people are emotionally prepared for the long term targets. I have been watching for it and I am not sure I am emotionally prepared for this. People that buy the index to hold, whether it be retirement accounts or something else might not get to break even for over a decade. Last time NDX/SPY had a bull trap NDX went down 80% from here. Here is the annoying thing, both NDX and the pair had a bull trap. Right now NDX has just got done setting an all time high. If both the NDX/SPY pair and NDX were both looking at bull traps I think more people would take this seriously. Lots of questions remain unanswered if the broad conclusion of this post is correct. Will any bear market still be multi-year? What will happen to the money supply generally? Interest rates? All hard to predict if anything resembling the scope of what I think will happen will happen.
CME_MINI:NQ1!Short
by This_Guhy
4
ALICE has been good to us...We made 60% profit from the last ALICE chart, the link to the idea is below. Now we got a bear div on RSI unless the price goes more up and pulls RSI up with it, MACD also has a bear div on 4hr chart. Possible BTC move down could only help this div to play out. Reached significant zone at 15,37 that was a big support and last time rejection point, so until break up, we could expect it will be big resistance. Possible good long entry if ALICE breaks up from it and does a retest. Good luck traders
by PhilosophersStone