Bullish divergence + local low ichimoku scorePotential rebound coming in to the end of the week/early next week. Price may test the box another time, as it has shown to be resistance.
Divergence
LUNA is NOT dead?In spite of everything that has been happening, and the unfortunate fact than $LUNA is now officially a PENNY coin, I cannot unsee the divergences created on the lower timeframes.
Is there still the slightest hope for a breather?
Or the charts of $LUNA are not relevant any more?
Could there still be hope for BTC?From what I see, the price action dipped below the macro support region highlighted with the yellow box.
However, this region was able to hold support and the price retracted upwards creating a nasty wick and currently trading at the support level of 27.7-28.5K.
The created lower lows are so far met with a higher low on the RSI and MACD oscillators, which could indicate a possible BULLISH DIVERGENCE on the 1D timeframe.
I am no expert, but this is what I could see?
Can you see it too?!
PRZ and TRZ for XAUUSDWe can see a Bullish Gartley pattern in Daily timeframe. There is also a regular bullish divergence at the end of the Pattern.
There are also support lines in this area. With time analysis we can also obtain a TRZ.
So, XAUUSD in this area can change the direction of its movement.
SHORT TERM TRADE IDEA FOR SAND/USDTTrade is based on the daily time frame and bullish divergence formed, Use a stop loss
Entry is based on the rising wedge pattern/ channel formed on the 3 min chart as shown below;
Target is horizontal or channel resistance
Apply proper risk management!
EGLD/BTC looking good after long correctionHello,
What a day yesterday. Hope you all survived.
This was the capiutaltion I hope.
EGLD looks strong against BTC. There is a clear bullish divergence.
Lets see if it breaks to the upside in a few days from now.
Trade safe, never risk more than you can afford to lose.
Greetings
LUNA - Bearish DivergenceHey,
as you can see, there is a big Bearish Divergence being formed on LUNA 12H.
Price going up, RSI and Stochastic going down.
Time to short this overpriced asset. ;)
BTC any chances for small recovery?RSI divergence on the daily time frame. Stochastic wants it too. With enough volume, the target could be around 40k. That will close the 6h imbalance from 36.5k - 39.5k area.
Not financial tips! Check the other major market indices, extremely volatile markets these days. Don't make decisions on this analysis alone!
EURGBP - Bullish SetupW1 - bottom of the range, bullish divergence
D1 - bullish divergence, bullish convergence, head and shoulders
Looking for buys
POUND- A good context for reversalHello everyone
As you can see after a good rally, now we have a divergence on our chart and a possible double bottom pattern. This obviusly does not need my explanation at all.
For now, we have the support line of 1.23$ and the resistance level of 1.25$ which the price might see by the end of the week. Keep this in mind, never try to find tops and bottoms of a market IF you don't have a good tested stratgy for this type of situations.
BTCUSDT VOL SQUEEZE + FALLING WEDGEImportant things to note:
There are actually reasons to be short term bullish right now, yay!
Bullish Divergence is building right now on the lower timeframes.
Falling Wedge should push price into my box.
Watch for creation of inverse H&S on push up.
IH&S would likely lead to retest of top trendline.
Price is holding up well given the circumstances.
Large buyers have been stepping in on spot. Futures still getting rekt. Likely covering spot purchases.
On chain data shows very low supply.
A supply shock would lead to a decoupling from QQQ.
Macro situation still very uncertain.
I am macro bearish until the Fed switches gears and implements yield curve control (which they will).
Tradfi getting rekt hard. I do not see an end to the macro situation until the Fed breaks the credit market.
Hello everyone! I hope you are all doing well! My last box was hit perfectly. It took a little longer than expected due to earning season for tradfi. I have some good news. I have been keeping my eye on supply and it looks very promising. So, we have large buyers stepping in on spot which is keeping the price from falling into goblin town with the rest of Tradfi. Futures are still putting a lot of sell pressure on BTC at the moment, but the spot buys are offsetting it. This is causing a vol squeeze which can either push price up or down. I can see RSI bullish divergence building on lower timeframes and we can see a nice falling wedge. I will be looking at the PA on the way up to my new green box. Specifically, I am looking for the formation of an inverse H&S pattern which would bring the price up to test the top trendline. Though I am short term bullish, I am macro bearish until I see the Fed pivot on their hawkish stance. The Fed is currently breaking the credit market, which is breaking the equity market. Eventually, they will need to reverse course and implement yield curve control to stop the bloodshed. When this occurs, the market will have bottomed and pump rather hard. I can see this happening in the next 6-9 months, so stay tuned. The good news is that if BTC can push itself a bit higher, you will not have to worry about BTC breaking 30k when Tradfi bleeds. I think the supply shock coming into BTC along with short term bullishness can act as a good buffer against the macro environment. This is bitter sweet for me because I would love to purchase more BTC on the cheap. I have been buying steadily since the last drop to 32k. I will continue to update you once my box has been hit! Keep an eye on the price action! Thanks everyone!
So tell me what you think?
Not financial advice. Do your own research.
DARUSDT bearish butterfly in formationDARUSDT bearish butterfly. The price action is in a confluence with the double bottom formation of BTCUSDT. The Fibonnacci ratios is wonderfully converging with local support and resistence. A Potential Reversal Zone (PRZ) is expected from D point 1.41 Fibonacci extention ratio. Oversold condition for the intraday and hidden bullish divergence on Ehlers' Fisher Transform oscillator (detail in aupdates). Ehlers' Fisher Stochastic Sinewave bullish after price action retrace from 50% to 88.6% Fibonacci Retracement. 14.6% Fibo targeting in conjuction to expected XD leg upward Butterfly extension. That's the perfect scenario for a pullback and I bought a buch of DAR tokens for 1USD. Not a financial advice, only my technical analyses.
