Potential Cup With Handle on WeeklyIf we can get a green weekly candle close on the HA candlesticks between the .618 and .886 then i will expect that we will run up to test resistance once more and if broken we will see quite a run up.
But if we just break down through all of our fib levels without showing and hint of bullishness on the weekly then we will likely crash down all the way to our old support level at 14 dollars, So look out for any bullish weekly candle closes on the HA sticks for a long entry and look out for a break below the $22-$21 area for a bearish move all the way down to 14 dollars.
Hidden Bullish RSI Divergence
EURUSD July 14th Daily AnalysisPrice currently in Monthly range zone 1.18206 - 1.22313. Daily RSI shows Bearish Divergence & Hidden Bullish Divergence. Bearish Divergence is when price made reversal from top of zone to bottom. The hidden Bullish Divergence has been slowly getting created. The marked circles are hidden bullish divergence which means trend continuation to upside. There has been a reversal pattern formed on 4H. You can view pattern in my link to related ideas. Waiting for breakout of pattern.
Hidden Bullish Divergence BTC - Buy any dips major or smallA lot lining up speaking to a short to mid term recovery in BTC and possibly what could feed into a 2013 style double pump rally. MACD histogram crossed over and trending higher for first time since bearish move under. RSI and Stochastic both calling BS on BTC's price trend lower. Sentiment turning bearish and Saylor still has plenty of fire power. Call bullshit on any moves lower over the coming days but keep a bit of cash handy incase Bitfinex whales can flip momentum but it's more likely we see higher prices to kick off August.
Link/USD Rising wedge backtest + hidden bullish divergenceChainlink is looking pretty interesting as it has broken out of a rising wedge and is back testing the resistance as support. We also have support coming in from the previous high of 2020. There is also a hidden bullish divergence playing out on the MACD indicating a possible move towards the upside if BTC doesn't take a big shit that is. The $18 area is a pretty solid entry imo and I have also placed out targets according to fib levels. Good luck traders!
Gold analysis : will It Decrease or not?Hi every one
GOLD
GOLD is in a symmetrical triangle right now which means that the price can range between this pattern's lines before a break out can happen. as you can see the price is now on the bottom line,there is a good chance that the price would Increase from this point because there are Hidden Bullish Divergences on Both MACD and RSI which are great Bullish signs! how ever after the break out happens (Downward or Upward ) we can be sure what is gonna happen to Gold ! If the downward break out happens the price would fall to the support (shown in the picture) and If the bearish movement continues the chance of reaching the strong support which is shown In the picture is pretty high! we just have to wait for break out to happen!
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Quickpost ETHBTC Bull Trap is inThere is a lot on the log chart so lets look at the target setting on the standard chart. The implications for this are pretty bad, if ETHBTC dips then probably both ETH and BTC will be going down, and ETH faster than BTC. Alts and shitcoins more volatile than ETH will go down even faster than eth. I am personally using this chart as confluence to short an alt I like to work with. The head and ETHBTC neckline is now acting as resistance. Potentially disastrous for the broader crypto market. Stops should be easy to set for anyone with the basics of setting stops (not shown due to quickpost and having to get the kiddos to bed).
(update) XLM/USDT broadening wedge is still reliable!Hi every one
STELLAR / TETHERUS
this is only an update on XLM/USDT situation as you can see the XLM has not broken out of the broadening wedge and just touched the bottom line of this pattern but there are Hidden bullish divergences on MACD and RSI indicators now so this means the price has bigger chance to increase from this point rather than decreasing!
Previous Analysis
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Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
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Strong bullish signHi crypto traders,
Close all your social media crypto related and come back in 2 months. Don’t get emotionally distracted by all that noise from “influencers” and crypto press. The charts tell all the story!
TA: on the weekly chart, we have formed a hidden bullish divergence, which it shows that we have bottomed for now. This specific divergence is when the RSI creates new lows (momentum & sentiment) but the price doesn’t follow, which it shows interest and bullishness among the traders.
Stay safe!
ETH: Barely Getting Started!!!My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
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T.A :
Based on ETH's historical price analysis, momentum oscillators such as the rsi needed to reset themselves due to the heavy upward price action since Nov. most resets appear in the form of hidden divergence, which seems to a developing narrative that is certainly forming. Therefore using previous divergence trend lines can provide direction for the next trade setup. If narrative plays out, a possible test of green VWAP line for conservative entry.
The DXY Should Have A Strong Opening Week From These LevelsNearing the PCZ of a second Bullish Cypher on the Daily at Monthly Support/Resistance while showing MACD Hidden Bullish Divergence on the Daily, a slightly Oversold RSI, and a Stoch RSI the looks like it will have no choice but to cross upwards very soon.
I think so long as we manage to stay above the 0.886 Fibonacci Retrace, the trend should stay intact but if we break through this Danger level then things could get really bad for the DXY.
We will likely test these zones immediately upon the open of the DXY today. Ideally we will respond positively to these levels throughout the current night and tomorrow morning and the momentum we get will continue on into the coming weeks.
As for Bullish Targets i think it will hit the resistance zone of 94-94.50 from here and if we're lucky it will break that level and go even higher
SRMUSDT hidden bullish divergenceSRMUSDT on the daily timeframe shows a rejection with a bullish engulfing candle pattern. The previous resistance area which is now a support area and is close to the long trend line from the month of December 2020. To further ensure the direction of the next price movement, it is seen that the price has formed a hidden bullish divergence using stochastic. Hopefully this analysis is useful for you.
Risk disclaimer on!
Tezos has a potential cup and handle brewingThis is a higher risk set up than what I normally but what is in the chart is in the chart. This would require not only for this chart pattern to perform but would also require BTC and ETH to behave over the next couple of days to week week as to not confound what is going on here.
The main chart has hidden bullish divergence on the 12 hour and the chart below has classic bullish divergence on the four hour. This suggest to me that Tezos should be moving to the neckline of the cup and handle when the falling wedge performs to the upside and from there we can see if there is enough momentum for price to break the neckline and potentially turn the previous resistance into support and have a nice impulse to the upside.
The chart below shows that the price action has found support on the 3x VSTOP and also the 20 day SMA so the chart formation has some technical support. A quick review of the 20 day SMA and VSTOP shows that when the price action breaks them as support that the decline is steep, once again meaning this to be a high risk trade and set up if traded without a good stop strategy . Thankfully the wedge gives us a chance for a couple of technical entries. I made mine a few hours ago betting on the wicking action at wedge support is a low. Break out traders could look for trades on the wedge or cup neckline or should price action retest the broadening ascending wedge support later on after a pull back.
Risk reward to retest ATH is pretty decent and with the bullish structure I am in the trade. Thanks to the VSTOP and falling wedge I should see this perform sooner as opposed to later.
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MANA/USDT good bullish pattern.Hi every one
DECENTRALAND / TETHERUS
MANA/USDT has formed an ascending triangle which the break out has not happened yet! after the price breaks this pattern we can expect a great pump in the price as much as the measured price movement(AB=CD)
Our more recent analysis of MANA/USDT :
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea
Have a nice day and Good luck.
DGB/USDT has great growth potential!Hi every one
DGB/USDT
DGB/USDT has formed a cup and handle pattern which means the price can increase after the break out happens there is also a Hidden bullish divergence (+HD) on MACD as well which strengthen our expectation about the bullish movement!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
ALGO/USDT is preparing for a huge pump!Hi every one
ALGORAND / TETHERUS
ALGO/USDT is forming an ascending triangle which means after the breaking of this pattern we can be sure that the price will increase as much as the measured movement!(AB=CD) there is also a Hidden bullish divergence visible on RSI indicator as well ( good bullish signal)
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
OMG bounce with bullish divergence?OMG looks to be approaching a good opportunity for a bounce off of a previous trend line right around the long term 61.8% Fibonacci retracement area. This looks like it might be confirmed by hidden bullish divergence on both RSI and MACD for a continuation of the bullish trend.
I recently published as well how there was a double bottom for OMGBTC that looks to still be possible for a breakout with strong potential resistance afterward. If indeed there is a bounce and potential breakout, it could be some fairly positive news for OMG over the next few weeks. However, if the support fails for that trend line, particularly if BTCUSD drastically drops, then OMGUSD could likely follow with a rather precipitous drop as well.
However, there are still lots of bearish thoughts going around right now for BTC, so please like if you agree or comment or see anything differently, as I would love to hear any counterthoughts as well.
GBP/NZD will it be bullish or bearish?Hi every one
BRITISH POUND / NEW ZEALAND DOLLAR
GBP/NZD has formed a bearish pattern which is a head and shoulder pattern! this pattern will make the price bearish even more! after the breaking of the neckline the price is expected to decrease as much as the measured price movement ( the gap between the head's top and the neckline) and also there are hidden bullish divergences on Both MACD and RSI which will deny this pattern right?our opinion won't change! if the price breaks the neckline the price shall decrease as we explained and reach the support levels shown in the picture but if the price can't break the neckline, the price would do a bullish movement! what do you think? will the movement be bearish or bullish?
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck