Bearishdivergence
Gold Short Term ForecastH4 - We have a key resistance zone that has formed by the 100% (1778.34) fibonacci expansion level of the first wave and the 61.8% (1794.43) fibonacci expansion level of the second wave.
The price which was moving higher reached this key resistance zone, respected it and is currently holding below it. Bearish divergence.
H1 - We had the first leg to the downside and currently, it looks like a correction is happening in the form of an ABCD pattern.
Expecting further continuation lower after a valid breakout below the most recent uptrend line.
Note: We have Non Form Payroll news release today, please pay attention to that.
NIFTY 50 | Not out of danger yetNIFTY50 is bearish until or unless 10,700 breaks and flips. Tread carefully.
- Bearish Divergence on the RSI
- Rising wedge in the formation.
Anything can snap anytime. All it takes is one bad news.
Thank you
EURGBP ForecastD1 - The price tested and false broke the 0.91 psychological zone. Bearish divergence.
We also have the 61.8% (0.90920) fibonacci expansion level of the first wave coinciding in the same zone, which makes this area a key resistance zone for us. The price is currently holding below this key resistance zone.
H1 - Bearish trend pattern.
Expecting further continuation lower after pullbacks.
weekly bearish divergence on RSI & MACD Price currently far away from its moving averages...
Know your risk IF the price breaks below the low of this inside week candle.
Bitcoin Weekly Bearish Signals. Likely to go lower
Today I will show some weekly Analysis which is showing many Bearish signals.
Firstly the RSI has a weekly bearish Divergence. This is a bearish indicator as we are likely to move lower. (Marked by purple arrows )
Secondly There is a bearish engulfing candle which indicates bearish momentum (Indicated by green arrow), you can find more about the pattern here: www.investopedia.com
BATBTC | Breakout | S/R Flip | Support Confluence | Trade Setup Todays analysis – BATBTC – Retracing from a multi-month triangle formation breakout (as explored in previous BATBTC analysis - link down below)
Points to consider:
- S/R flip retest
- Support confluence
- 21 EMA visual guide
- Oscillators over-extended
- RSI bearish divergence
- Declining Volume
BATBTC needs to hold the probable S/R flip retest at structural support to establish a higher low, validating a long trade. However, trend continuation at this level will negate the thesis.
Price needs to respect structural support (in confluence with .382 Fibonacci retracement) indicating a probable trend continuation, forming bullish bias in the market.
Trend continuation upon price testing the 21 EMA will support the bullish bias, allowing the EMA to act as a visual guide.
Both the RSI and stochastics cooling off from overbought conditions, a retrace to structural resistance will allow the oscillators to cool off. Furthermore, a technical bearish divergence on the RSI affirms weakness in the immediate market.
An increase in volume will be key as price tests support levels to avoid any false breaks.
Overall, in my opinion, BATUSDT has strong support confluence giving it a greater probability of breaking bullish, however, support re-test is needed for a valid long trade.
What are your thoughts? Let me know in the comments below!
And if you’ve read this far - thank you for following my work and development as a trader!
As always,
Focus on you, and the money will too!
Shill the ZilPlease feel free to comment or challenge me on my TA. If you like my idea, please leave a like to show support.
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Zilliqa has seen a very nice bullrun over the past month. It played out beautifully with retracements whenever it was necessary.
After a 300% increase since the beginning of May it is healthy to see a significant correction come into play. Zilliqa however is a qualitative project with great upside potential. This is why I feel this correction is welcome as it gives us the opportunity to either buy some more ZIL at a cheap price, or to catch a nice trade with high R/R.
What can the chart tell the bulls :
- Elliot wave correction has been fullfilled
- Higher lows have been set (yellow circles)
- Double bottom formation
What can the chart tell the bears :
- Yet to set a higher high
- Bearish divergence with the RSI
- Weekly resistance level at 214 sats
Trade opportunity:
Possible entries: Weekly R (214 sats) or Daily S (206 sats)
Targets: Daily R (229 sats) = 7% and Weekly R (286 sats) = 33%
Happy trading!
Bitcoin ForecastD1 - Bearish divergence.
H4 - Bearish trend pattern followed by double wave correction. Price has broken below the most recent uptrend line.
H1 - Bearish trend pattern, expecting further continuation lower.
Updates for EUR/GBPAt the moment, we see a possible formation of shoulder head shoulder to entry in the sell, so don't closed your position pendent of sell order limit, still active until they active when the market leave at your zone of active into the market. So, I concluded that we are in this formation and we could to see a bearish movement soon!!!
So, this is how in H4 we see a bearish divergence. Now, in the H1 timeframe, if you see the bearish divergence too in this timeframe, it's perfect to operate and put a sell order limit at $0.9064.
Oil Short Term ForecastD1 - Price is currently holding in the psychological level 40, potential bearish divergence.
H4 - We have two false breaks with bearish divergence.
Expecting corrections in the short term.
Z1P : 20% BREAK INCOMING! ZIP CO LIMITED (ASX:Z1P) has bounced back significantly well after the market dump in FEB/MAR, as have all lending services due to the job losses/ government surpluses around the world.
When the market reopens on monday I can see a couple of things happening.
1: WE crack this 'strong equilibrium' as price action continues up the trendline and get squeezed into the corner, 20% TARGET
- Respecting Uptrend
- Buyer Volume Present
-Covid19 crisis still taking a toll on the economy (People still borrowing)
If we do break the equilibrium my next target would be the 4.14 Equilibrium. Careful though as 'Bearish Divergence' could follow.
2: The Resistance holds and we break trend, returning to 'Previous Support' 10% TARGET
-Uptrend Trendline Breaks
-Double Top Confirms
-MACD crosses
-.236 Fib Breaks
3: Previous Support Fails and we fall to 2.84 Support. 15% TARGET
-Breaks .236 & .382 Fibs
-Healthy Retrace after 230% move
-MACD will have crossed
-Center BB will have failed
NOTE: There is an OPEN GAP sitting inside the 'Golden Pocket'. Do not be surprised if we see this fill.
Offering simple interest free and flexible repayment options, Strong Retail Affiliations and having an App in the Top 10 of Google Play and Apple, it's easy to see why Z1P is doing so well. They are up $45Million in revenue and have nearly cracked 2 Million Users.
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
EURGBP short idea, correction, can't make higher highEURO POUND notice the candles with wicks and how they were formed. Also two nice tops near the upper trendline.
Expecting to correct to the nearest key level area.
RSI showing some bearish divergence
EUR/USD present a bearish divergence: Opportunity in shortWell, today I see EUR/USD that show us a bearish divergence in the RSI, so, i conclude to put a sell order limit at very nearest of the price live of the moment. So, we hope of drop of 60 pips approximattely.
#apple - Bearish Divergence - #marketcrash 2.0Rsi has printed huge bearish divergence on weekly timeframe, expecting one more leg down soon
Gold Short Term ForecastD1 - On the daily chart the price respected the resistance zone and is holding below it. Bearish divergence.
H4 - On the H4 chart the price is moving inside a range.
While measuring the first wave we have with the fibonacci expansion tool the 61.8% (1750.62) fibonacci expansion level coincides with the top of the range which makes this area a key resistance zone for us.
Until this key resistance zone holds my short term view remains bearish here.
Bearish Divergence $NVDABearish divergence spotted starting from May 20th. RSI and Volume are decreasing although price is increasing (bearish divergence). Fall through trend line and 325 leads to 295 support
FET/BTC running out of steam?FET/BTC has a strong bearish divergence on the RSI could signal a reversal of the trend.
If you like my ideas and the work I do, please check out the links in the signature ;).
EUR/USD DAILY Chart and Ichimoku Strong Bearish DivergenceThe Euro has been on a short bull run on the stimulus packages announced in the last weeks.
But now has hit a long term trend line and shows a strong bearish divergence on the RSI.
It looks very oversold for a Daily chart on the RSI but also by its distance away from the cloud.
If it breaks the Tenkan ( Yellow line ) It will move fast to test the Kijun ( Dark Blue line ) and if it breaks that the top of the cloud.
Be careful leverage trading is risky so manage your position sizing accordingly!
If you like my ideas and the work I do, please check out the links in the signature ;).
GBPUSD ForecastH4 - Bullish trend pattern, bearish divergence.
The price which is moving higher reached a strong resistance zone formed by the weekly and daily pivot points.
I expect corrective phase now before futher continuation higher.
