FUNBTC H&S vs Bullish mood and indicatorsIn a process of market analysis we mentioned formed H&S pattern at the uptrend which is a strong bearish sign. However more detailed analysis revealed there is hidden bullish divergence and the most indicators are bullish: Awesome Oscillator, Momentum (10), MACD Level (12, 27), Volume Weighted Moving Average (20), SMA and EMA (10, 20, 30). Moreover the price is at the edge of the strong support of Ichimoku cloud zone which is enhance by Fibonacci retracement support level.
Overall it can be said that the possibility of going down is still presents, but it is much more likely that there should be bounce and sudden pump like 2 times before soon.
Hidden Bullish RSI Divergence
USDCAD Buy IdeaD1 - Price respected the uptrend line and is moving higher, we have hidden bullish divergence.
There is a good chance that the price might move higher until it reaches the alternative trend line again.
H4 - Price broke above the downtrend line, bullish divergence.
We may now look for more bullish evidences and start looking for buys.
DOPEBTC the reverse is hereSince the market fall we have been tracking this coin as it gives a decent profit on reverses. Currently there is a moment to buy this alt cheap and earn profit. The price bounced from Fib 1 retracement level, moreover there is hidden bullish divergence on the chart and BB contraction. The price should enter the Ichimoku cloud. Buy this coin at the suggested in the signal zone and accurately swing trade target by target as the growth won't be linear
AUDNZD Buy IdeaD1 - Hidden Bullish Divergence
H4 - Ascending triangle pattern.
Basically we are looking for a breakout above the resistance of the triangle for buys.
LTCETH - Hidden Bullish Divergence on daily chartLower low in price, higher low in RSI.
LTCETH is making a falling wedge on the daily chart and ready for a bullish breakout.
RSI is coming back up from oversold area and making an ascending triangle.
WAVES: UPDATE- 30 minute hidden bullish divergenceHere is the 30 minute hidden bullish divergence. Hopefully this can accelerate us out of the descending wedge for another breakout.
EURCAD Technical and fundamental.The price is at a support level, if this level breaks, than i see the price move further to 1.52490 before further upside. if price manage to break the 1.52490 area, than the price could go further down to test the 1.49960 level. this will also be a trigger for a new analysis as the (4) wave will go below the ending of wave (1)
The price is also in a trend channel where the price have hit the resistance line 2 times and are about to complete the 3 time testing of support line in the trend channel. At the current price we also have a hidden bullish divergence (see the RSI) and could be signaling that the previous short term bearish trend, was a retracement for the bullish trend. At the same time we see some weakness in the bearish candles, and this area indicating a range area for investors to decide or await for a further signal of a continuing bullish trend in the pair. The price have intermediate and minor waves that is correlating with the fibonacci levels and price action, where the correctional waves have minute waves, that i haven't put in the daily chart because it would be looking messy...
The waves are highly matching Fibonacci levels, as you can see in the chart. The levels are in the text boxes.
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The fundamentals can drive the price of the CAD higher, where oil prices and further sanctions on Iran is expected and can give the CAD a boost. while bad numbers from CAD this week is expected, and can therefore drive the price of the EUR/CAD higher, and the sanctions and oil prices can be a help for the retracements throughout the price gains.
EURUSD Weekly forecast, Fundamental and technical.Technical:
On the Daily chart we have Intermediate, minor and minute waves. followed by Intermediate correctional waves. we also had a break to the downside from the symmetric triangle, where the support/resistance haven't been tested yet. The current price level/support is a support from 2004 and therefore have been tested many times and makes it a strong support/resistance area.
The price have had a strong upwards momentum, and this previously fall could be seen as a retracement, which is also correlating with the correctional intermediate waves. The price action and the waves are in harmony with fibonacci levels. we also have a hidden bullish divergence, (marked with red rings in the chart and the RSI)
Overall i see the EUR/USD bullish, with the technical and the fundamental taken in mind, i see that the data from the us is holding its pace, where the strong momentum of strong data, is set on a test in the coming period. if the price breaks current levels, i see a trend reversal to bearish, and the price could make some drastically falls.
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a long position can be taken now, and there is opportunity for a tight SL around 1.18900.
TP will be at correctional wave (B) between 1.22040 and 1.23060. which is 0.886 on fibonacci levels and the support/resistance line in the symmetric triangle.
(If the price breaks the 1.19090 ish the price could go further down to 1.17200, before a retracement will occur)
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A short position is possible in the levels between 1.22040 and 1.23060. ( look for entries between this levels, see the chart in smaller time frames to confirm a short entry)
TP will be at around 1.17200 also the ending of the intermediate correctional wave (B)
( watch closely the (C) wave, as the levels can break for further upside)
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Fundamentals:
Monday the 7 May: German factories orders m/m Are expected to be 0,5% from 0,3% where last years numbers where 1.0% and from 2016 the numbers where 1.9%
PMI for retail m/m in the Euro zone are also given where previously data was at 50,1. Last years numbers where 52,7. and from 2016 the numbers where 47.9
From the us we have 3 FOMC Members speaking and numbers from Consumer credit.
Tuesday 8 May: German industrial production which is expected to rise 2.4% from -1,6% to 0.8%. where last years numbers where -0,4% and -1.3% in 2016 so definitely a rise YoY.
From US we have Fed chair Powell speaking with the conference title "Monetary Policy Influences on Global Financial Conditions and International Capital Flows" We also have Jolts job opening which is expected to be 0,03m higher than previously, from 6.02m to 6.05m
Wednesday 9 May: We have French industrial production numbers, Italian retail sales and and German 10Y bond auction.
From the US we have PPI m/m which is expected to fall 0.1% from 0,3% to 0,2% where 2017 numbers where 0,5% and 2016 numbers where -0,4%. Wholesales inventories is expected to rise from 0,5% to 0,6%. the same day we will have the crude oil inventories,
Thursday 10 May: French and German bank holiday. that can create low volatility on the dax. Economic bulletin is due, and Italian industrial production m/m.
From US we have CPI m/m which is expected to rise from -0,1% to 0.3% where last years numbers where 0,2% and from 2016 the numbers where 0,4%. Core CPI m/m is also due the same day where the numbers are expected to be at a steady level of 0,2% where last years numbers where 0,1% and from 2016 0,2%.
Unemployment claims are also due to rise from 211k to 219k
Friday May 11: Draghi is speaking. from the US we have Prelim consumer sentiment. the numbers are expected to fall from 98.8 to 98.4.
Types of DivergenceKey patterns to look for when attempting to gain insight into potential future price action.
ADABTC Ascending Triangle + Hidden Bullish DivergenceADABTC on the 1H chart is forming an ascending triangle. Plus, hidden bullish divergence can also be seen on the RSI. Once the price breaks out of the triangle on the upside and volume supports it, theoretically, we can see a price rise equivalent to the opening of the triangle which is about 800 satoshis.
Once the price breaks out of the triangle, we will look at the volume. If the volume increases as well then that would confirm the breakout and then a long trade can be opened with a conservative profit target of 500 satoshis.
Personally, I am feeling bullish on ADA. The coin is in the top ten of CMC and Coingecko. Currently, third highest volume on Binance and highest volume on Bittrex. I have already entered a long trade at 3898 satoshis. I won't mind hodling if the ascending triangle breaks in the wrong direction so I do not have a stop-loss at the moment.
My first target is 4287 and second profit target is 4677.
Constructive criticism is welcomed!
SLSBTC Bullish hidden divergenceThe analysis has started with Bollinger Bands indicator, it was found that before each huge growth of this coin there is a contraction in BB channel, and now a similar contraction is forming. Moreover the price touched Fib 0.618 support level and started to bounce from it. Stoch RSI strengthen this idea. The strongest argument the coin is in bullish mood is that there are higher low at the price chart and at the same time lower low at oscillators chart which means there is a bullish hidden divergence. Our team recommends this coin in the mid term.
LTC - Hidden Bullish Divergence - On the WeeklySame as BTC...the correction has been over, just takes time to show on large interval charts.
OMG: uptrend despite crypto slumpAllthough I currently hold no position in OMiseGo I really like this token. OMG is about banking the unbanked, starting off in South East Asia. It is an ERC20 token and the first Plasma Network crypto (scaling solution that should allow for up to 1 million transactions per second!). It aims at allowing cross platform operability with a whitelabel SDK wallet (for instance transactions between Paypall and Alipay!!). Their ambition is to process every single transactiojn on the ETH blockchain. They allready have an impressive list of partners as well as advisors, just checkout omisego.network
Price development of OMG shows just how robust this project is, while bitcoin and most alts have been slumping since early january, OMG has allready taken out january's high (in btc price that is). The token is currently in an upward channel pretty close near the low range of this channel. RSI has given us 'Hidden Bullish Divergence' which indicate underlying strength and a good entry or re-entry moment (buy the dips). Look for a move towards the upperband of the channel (near 0.002btc) and if altseason takes of way beyond that!
GVT looks bullish, but BTC still downMy current assumption for $GVT is,
In the D chart GVTBTC has a nice hidden bullish divergence and in the 4h chart a bearish cross between EMA and Kijun Sen. Looking at the 4h you can see that RSI is oversold, last time the RSI was this oversold was in December. The Kijun shows that price currently hit a strong resistance level, there might be an opportunity for bounce plays.
But all of this doesn't matter that much since king BTC is in a downtrend & disarray, so GVT may fall further. In case that BTC bounces back, GVT may be one of the bigger gainers in that short period.
Ardor: Keep it simple, the only way is up!Another very solid project: Ardor! Ardor is a project of Jelurida, who have been around since 2013! Ardor is an evolution of the Nxt software that addresses issues of blockchain bloat, scalability and versatility (a huge problem on ethereum, remeber the Crypto Kitties). Ardor is being designed as a complete ecosystem where multiple players can interact with each other without needing to go outside the platform.
Ardor priceaction is very straigthforward: higher highs, higher lows: the definition of an uptrend! Ardor went live on january 1. 2018, we saw a major bullrun while approaching this date, then there was some fud due to the fact that Bittrex closed trading for quite a few days, having internal problems connecting to the new blockchain. Ardor ended up allmost fully retracing the bullrun and hit longtime support a few days ago. The fact that this higher bottem in price led to a lower bottem in the RSI-indicator (hidden bullish divergence) is the icing on the cake!! Look for a new bullrun towards at least the green target box.
GBPUSD Buy IdeaD1 - Hidden bullish divergence.
H4 - Bullish divergence followed by bullish convergence, we may look for corrections and then continuation to the upside. We also have hidden bullish divergence.
H1 - Double wave down, bullish divergence. Price broke above the trend line and also it broke above the high at 1.4020, we can start looking for buys.
RSI Indicator - Technical Analysis Summary using ETCBTC D ChartGeneral RSI Indicators applied to the ETCBTC D chart (where present). This helped me in taking in the lesson below from Crypto Cred.
I hope others find it useful.
Source Used: Thanks Crypto Cred!!
www.youtube.com
www.babypips.com
EURUSD Buy IdeaW1 - Hidden bullish divergence.
D1 - Double wave down with bullish divergence. Trend line broken.
H1 - Triple cycle up. double wave down. There are two magnet zones. We may now expect the second leg of the double wave to reach the magnet zone and then we can go long with the breakout of the trend line.
Oil Double ScenarioH4 - Hidden bullish divergence, we can expect second leg down until the price reaches the magnet zone.
H1 - We may expect pullbacks and only down moves.
We expect the price to move lower on short term and in the mid, long term.
