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Divergence

SOLUSD - Bearish DivergenceBased on my analysis, I have identified a bearish divergence in the market, which suggests that the trend is likely to continue in a bearish direction. In order for the divergence to be confirmed, we need to see a break of the previous higher low (HL). With this in mind, I recommend taking a short trade with a risk/reward ratio of 1:1. Here are the details of the trade plan: Trade Type: Short Sell Stop: 23.59 Stop Loss: 24.48 Lot Size: 96 Take Profit 1: 22.7 Take Profit 2: 21.81 By following this trade plan, we can potentially profit from the expected bearish trend while managing our risk with a well-defined stop loss. It is important to monitor the market closely and adjust our trade accordingly if new information arises.
BINANCE:SOLUSDShort
by mansooryousafzai
8
PSNY: DIVERGENCE / CALLS FOR MAY / US TOUR CATALYST / EV GROWTH DESCRIPTION: The following chart is an micro analysis based of technicals & current PSNY US TOUR that can soon prove to be a bullish catalyst for the next big bounce. POINTS: 1. Deviation between Supply & Demand Pockets remains at 1.50. 2. $3.25 is CRUCIAL SUPPORT THAT MUST HOLD. 3. Break past $4.00 threshold by April 19th is necessary for bullish case to take place. INDICATORS: In regard to indicators RSI is showing strong divergence on the 4HR Timeframe which has been indicative of a sudden bullish reaction in the past when price action has ben in a consolidating phase. An important level to watch when it comes to MACD would be -0.5 currently MACD is close to crossing over but needs to stay above to further validate play. SCENARIO #1: In a BULLISH scenario we come to see price action break past the $4.00 threshold by at least April 19th. SCENARIO #2: In a BEARISH scenario we lose CRUCIAL SUPPORT of $3.25 & see a continuation of bearish price action too $2.50. FULL CHART LINK: www.tradingview.com NASDAQ:PSNY NASDAQ:PSNYW
NASDAQ:PSNYLong
by DGSTBROKERACC
RCL Royal Cruises LongRCL had a triple top this past winder then downtrend to the Fib 0.5 level. On the chart, the tripe top is also resistance with sell orders blocks by the indicator. The fib 0.5 level $ 61.27 is the support. A stop loss could be placed immediately below that. The zero-lag MACD shows nearish divergence while the price rose into the triple. That divergence has not yet recurred. I see this as a swing long while RCL seeks to recover its customer base and rebuild its revenue stream.
NYSE:RCLLong
by AwesomeAvani
AUDCADGood Night :) AUDCAD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Long
by HamidRamezani1992
Usage of OBV, RSI and Volume1. Combination of PVA is very interesting and powerful tool that we can used to predict the price trajectory. 2. In the example above (LAYHONG, a poultry stocks in Malaysian Stocks Market). 3. This is my analysis on the stocks: a) Price making lower low and retesting a major trendline. b) Low volume while retesting the trendline c) A bullish divergence is shown in RSI indicator d) A bullish divergence is shown in OBV e) Clearly this is an opportunity to go long as bullish divergence plus testing support zone with low volume.
MYX:LAYHONG
by MeggsyLopez
Bitcoin's Small Upside Potential Amid Stock Market DownturnAs the stock market experienced a significant downturn today, Bitcoin continues to show signs of strength, defying traditional market trends. The wave master indicator on the 4-hour timeframe suggests that Bitcoin may be on the verge of a final upward move. In this write-up, I will explore the potential impact of this move on Bitcoin's price, altcoins, and market dynamics while also discussing key factors that could influence the cryptocurrency's future trajectory. Bitcoin's Upward Momentum According to the wave master indicator mixed with a little Fibonacci sauce, Bitcoin is poised to make a move towards the $29,400 target. This bullish trend could be attributed to the resilience of the cryptocurrency market despite the stock market's recent decline. If Bitcoin successfully reaches this target, it may open the door for altcoins to gain traction and benefit from the increased interest in digital assets. Bitcoin Dominance and Altcoin Opportunities Bitcoin's dominance recently approached 50% before retreating slightly. However, a move closer to the $30,000 level could result in Bitcoin's dominance reaching the 50% threshold, which would increase the likelihood of altcoins experiencing a surge in the next two weeks. As a result, investors and traders should keep a close eye on the Bitcoin dominance indicator to identify potential opportunities in the altcoin market. Full Moon and Bearish Divergence While the wave master indicator points to an imminent upward move, it is essential to remain cautious. Full moons (such as the one on April 6th) have historically coincided with increased volatility in Bitcoin and other financial assets. Furthermore, the wave master indicator is beginning to show signs of bearish divergence, which may indicate a potential price reversal after one more higher high. Reducing Risk and Realizing Profits Given the current market conditions and potential risks, it is crucial for traders and investors to prioritize risk management and consider realizing profits when opportunities arise. Taking profits off the table while leaving some room for further price action can help protect gains while maintaining exposure to potential future growth. Despite the recent downturn in the stock market, Bitcoin appears to be maintaining its upward momentum for now, with the wave master indicator suggesting a possible move towards the $29,400 target. This development could have a significant impact on Bitcoin's dominance and the altcoin market. However, it is essential to remain cautious due to potential volatility around the full moon and the emerging bearish divergence. As always, risk management and profit realization should be top priorities for those navigating the cryptocurrency market.
by bitdoctor