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Rsi_divergence

SLPUSDTHi again There is a possibility that the price can raise itself up to the yellow area, $0.00414! 1) We must not forget that the price range of $0.00358 in the daily time frame has been engulfed! 2) On the other hand, RSI has a positive divergence in the daily time frame! 3) Currently, in the one-hour time frame, the price inside a pattern is a triangle! Do you think the downward trend line will break upwards!!?!! I believe that according to the drawn scenario, we will have a downward trend up to the range of $0.00341, and if the price does not fall below the yellow range ($0.00319), there is a possibility of completing a wedge at the end of the descending channel.
by FiboTech
4
NQ - Bullish divergence on monthlyAfter 6 months of aggressive selling, both the Nasdaq100 and SPX100 are potentially forming bullish divergences on their monthly charts. Whether this will translate into a longer term trend reversal (to the upside) remains to be seen. However in the near term (likely for the next few weeks), we might see some rebound as market works off the deeply oversold conditions. p/s bullish divergence is a short term trend reversal (good for the next 2-3 candles) and do not guarantee a longer term trend change. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance
TVC:NDQ
by Juliac
INTU - near term upsideINTU hit the low on 13 May and has not gone any lower since. It has been chopping sideways for almost 2 months and appears to be forming an ascending triangle (odds of breaking up is greater). On the monthly chart, we are seeing a possible 3rd inside bar this month and also a bullish divergence with the RSI. A breakup of the ascending triangle at 425 could be early signs of optimism. However, an bounce right now may still be on a short term swing basis only until we see more signs of a sustainable reversal. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:INTU
by Juliac