ASCENDING TRIANGLEInteresting ascending triangle formation developing over a positive divergence with rsi, suggesting possible reversal pattern and bullish breakout could develop.
Rsi_divergence
Here comes the BIG sell OFF on Crypto - Take your profits now!BTC has done really well to climb to 24,000.
We see massive resistance here. The H4, H1, M30 and M15 are all overbought.
All timeframes are showing bearish divergence.
The only thing missing is a harmonic pattern but we are good to go.
Stop loss around 25,000 which is a nice round number.
What this means is that later tonight we will see USD strengthen, Stocks fall along with the indexes.
Good luck!
ETSY - bullish divergence on monthyETSY hit a low on 24 May @ 67 and attempted to test this low again on 16 Jun, at this low, it has retraced 78% of it's peak in Nov 2021 and nearly 88% fib retracement of it's AB swing.
It has been consolidating in a sideway range between 67-88 in the past 6 weeks and we are now seeing a possible bullish divergence with the RSI on it's monthly chart.
A close above this range at 95 could be a good sign. That said, the market could still be volatile in the weeks ahead until we have more clarity of a market bottom. Any dip buying at this time could still be risky.
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!
EURUSD 1H big hidden convergens Best Traders,
in this study i want you to pay attention from this convergens senario,
EURUSD in down trend and there is a small divergens raised the price a little (but) there is a big convergens in most case make continuing for the down trend ,
i think we should wait alittle before to be bullish on this pair , firstly lets us see a breakouts for the down trend and after that build up for good price action to confirm the breakouts , other than that we wil just wait for oposite price action to confirm for us the continuing of down trend,
thanks
BREAKOUTInteresting break of accumulation area over a positive divergence on RSI, now long suggest a 1.5R/R
H&S BOTTOMInteresting positive divergence on MNRL over Rsi that could potentially trigger a Head and Shoulders bottom if 24.5 level is broken from below, suggesting a potential R/R of 2.
GBPJPY - Liquidity GrabsFX:GBPJPY
Two very key areas of double tops and double bottoms on GBPJPY from an intra day perspective.
I suspect, we will have a fale move before the real move as always. So, if we take out the double bottom, I will watch for intra day longs and vice versa with the highs!
BREAKING DIVERGENCEBullish momentum has build up during today's session, confirming the positive divergence over fibonacci level, now longs should have a 1.6 R/R
H&SInteresting bullish divergence that is depicted on MNRL as accumulation area could end as a reversal pattern if pattern completes.
$Shib Inverse Head and Shoulders Pattern FormingI’ve been seeing the inverse head and shoulders pattern forming since June. If thesis is valid, and BTC doesn’t take the entire crypto market down with it, we might see a recover to the 2 levels.
FTX:SHIBUSD
Gbp/cad buying opportunity2 confirmation for buying gbp/cad
Rsi print bullish diversion
Double bottom pattern
Stoploss and tp mention in chart
🤞 Hapyy trading
Eur/nzd buying opportunity2 confirmation for buying
Heavy demand zone
Rsi print bullish diversion
Sl and tp mention in chart
BULLISH DIVERGENCEInteresting bullish divergence on daily tf, that just confirmed the bullish breakout of resistance on higher volume, suggesting a potential 3 R/R .
1:3 Risk to Reward sell on EURCAD right nowThis pair is on a downtrend.
H4 MA is acting as a resistance.
H1, M30, M15 are all overbought with divergence.
We are selling with a 50 pip SL hoping to catch the pattern at the bottom.
POSITIVE DIVERGENCEYesterday closing price broke 37.7/38 resistance area that now become support, over a short term perspective, 41 resistance level could be next target for buying the break and confirming a positive divergence over RSI.
RSI DivergenceRSI divergence spotted, indicating bullish breakout. Bearish price action and bullish RSI trend confirms breakout. NASDAQ:CLVR
Selling AUDCAD for a buy patternAUDCAD is still in a downtrend. We shorted it previously which was very successful and now looking for it again.
M15 and M30 is showing reversal signs.
We have strong resistance at 0.8860.
Holding for at least 50 pips.
We are shorting AUDNZD now The D1 and H4 MA are flat so this is considered to be a ranging trade.
There is a harmonic pattern in M15.
Massive divergence in M30, M15 which should help this pair fall.
AUD/USD Technical AnalysisPrice is printing a falling wedge which can be a reversal or continuation pattern in this case may be a reversal pattern also looking at the RSI a divergence can be seen which also indicates price can reverse. I will not buy yet but will not sell this pair either in this case.
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.
Selling CADCHF at the high of last week Firstly let's remember this is a counter trend.
We already have made some progress by shorting EURCHF earlier this morning.
There is a pattern to sell this which is now stuck at the stop loss level.
Selling this with a tight SL.
Will take profit as soon as there is any strength in this pair.
