OCEANUSDTHello my dear friends
Currently, the price movement is at the end of the long-term downward channel.
A nice bearish wedge pattern is not formed for us, so I only included the bearish trend line.
Provided that the price range of $0.14663 is maintained and if the current trend advances to the blue range, there is a high possibility of forming an upward trend similar to the drawn scenario.
We would be happy to hear your comments.
Rsidivergence
UNIUSDTHello Dear friends
In the four-hour period, the negative divergence of the RSI has been issued to us, but we do not have another signal to form a corrective trend!
And as long as the upward trend line is maintained and the movement trend is not placed below the price range of $6.39, the probability of breaking the resistance range of $7.25 is high.
We would be happy to hear your comments
XRP BREAK OUT!!!well guys nothing to say.
RSI just bounced in the 50 point. look down below.
Support on the Yellow Line of all the tops weekly.
Maybe 1$ soon.
COINPLUSTRADE! NUCYPHERguys this time i bring you a diferent coin but one of the first ones i bought 2 years ago.
in the weekly chart thanks to the rsi we see that ever time the pueple line is above the yellow ones , a bullrun is coming.
in the chart if you see, there is a comun pattern,we have seen this 3 timrd in the pass, can this be the 4??
ZENUSDTHello friends
The positive divergence of the RSA in the weekly chart and the downward trend line , which the price is just below, is an interesting combination, isn't it!?
If the $12.25 range is maintained in the current trend and the upward trend is placed above the $17.2 price range, the long-term downward trend line will be broken upwards.
In this case, we can expect an increasing trend in the medium term.
What do you think?
EURUSD-Weekly Market Analysis-Oct22,Wk1The EURUSD is on a Bearish Trend on both Daily & 4-hourly charts. The key resistance level on the Daily chart is at 0.9900, and on the 4-hourly chart, we have a Bearish Shark Pattern that completes within the sell zone(supply zone) at 0.9866.
Last Friday, we did an aggressive short on the 1hourly chart based on a potential double top setup that has an RSI Divergence with it. Currently, the setup is a double top with a retracement pull-back. Normally, it is a perfect opportunity for traders to engage in the trade, I don't quite like the current candlestick pattern confirmation.
I leave that to you. Related Ideas is at the bottom of the tradingview chart.
EURUSD - Potential Double TopA potential double-top setup is great for both counter-trend and trend traders to hop onto the trade.
The trade might not hit my final target taking level but there's a high chance for it to reach my risk-free zone before market close(finger-cross)
VETHOR WATCH OUT!we have divergence in the RSI WEEKLY CHART!!
this means the token will Caboom!!!
2000% ====SOON
LIMITLESS
BITCOIN Weekly Bullish DIvergence are formingBullish Divergence confirmed on BItcoin 1Day, 2 Days, 3Days, and 4Days Charts.
Will we get the weekly one?
Let me know what you think.
matic polygon0.96 is our resistance line. if we surpass it we will go to 3$
i based my stimations on RSI and ghost candles, from the last bullrun one year ago.
a cup and handle is being formed.
if you want another coin, just say it.
SPY - Short term bullish - Quick TradeHello Friends,
AMEX:SPY has shed a lot of value in a week but there seems to be some good news if you're looking for a very short term bullish trade. We will have to understand supply/demand levels on multiple time frames.
In a daily TF, Price opened gap down, approached a daily/weekly demand zone and closed within top 33.3% of a candle range(Bullish Pin bar candlestick). Bullish pin bar with a good volume suggests the presence of demand. There's a gap to be filled. So our first target is at the upper bound of a gap around 373.44. I like to use anchored VWAP as a dynamic support/resistance and also as an additional confirmation for the target. In a downtrend, I drop anchored VWAP from a recent swing high to find dynamic resistance level which is currently at 386. There's a visible supply zone between 381 and 390. So if price is able to breach our first target then the next safe target would be at 381. Target levels are marked on the chart below.
Zooming into 45 minutes TF, it is visible that before price opened gap down, there was a supply zone forming. Our first target is actually a lower bound of a supply zone. Additionally, a bullish RSI divergence is also visible which is an additional confirmation for price reversal.
Similar confirmations are found in 15 minutes TF as well.
Remember, Overall market is still bearish so you have to be very nimble while trading against the trend. A good trader always find opportunity in any market conditions!
Do you agree with my analysis? Please let me know your thoughts by commenting below and follow me for more such ideas. Happy and safe trading! :)
GBPAUD - Counter-Trend on Structure A simple structure based trade with Great Profit Factor even to the 1st target.
EURGBP - Bull Divergence & Multi timeframe 22/9/20221. Daily timeframe: Uptrend
2. 4h timeframe: Uptrend with 2 times rejection.
Quick hit n run [risky] shortBearish Wolfe Waves forming inside an ascending wedge.
I would wait for price to break the upper Value Area of the volume profile of the current trading range to confirm short entry .
RSI but looks ready for a little move to the downside. Golden pocket on the fib marked as well.
Will trigger myself a high leverage short taking targets first at the golden pocket, then according to reaction on POC and VAL of the volume profile I will decide wether to book more profits / close position or not. An ideal solution would be a sweep of the low.
Triangle fakeout / fake breakout could add confluence:
Trade safe and use adequate position sizing.
Bearish 3-tap setup on BitcoinWe have shot up to a new range high which got deviated and retested successfully (what looks like a double but it is in reality a triple top due to the swept high that preceded which is a stronger pattern to trade).
We can also notice a bearish divergence in RSI.
Targets marked; FVG and equal lows.
SPY - Short term bullishHello friends,
Let's understand Multi-timeframe analysis for AMEX:SPY .
Daily TF:
Recent price action suggest that a short pullback could be seen in SPY as it is approaching the demand zone.
45 minutes TF:
Below are the confirmation signs that suggests a pullback.
1) Price is approaching daily demand zone - Buying pressure may step in
2) Price is making LL while RSI is making HL - Bullish Divergence
3) Price action is showing rejection from demand zone(long lower wick candles) - Bullish reversal price action
Additionally similar confluence is seen in TVC:DJI .
Daily TF:
45 minutes TF:
A 1:7 Risk to Reward SHORT on CHFYENThis pair has exploded upwards and needs a correction to the downside.
It is massively overbought on W1, Daily, H4.
H4 is showing divergence.
The resistance at 148.85 is very strong and there is a nice harmonic pattern.
Target 1 is about 500 pips away with an 80 pip SL.
GBPAUD - Bullish BatThe overall trend of GBPAUD is a Bearish Trend. You must know that the bearish trend is pretty strong with the current market condition.
However, there is a counter-trend trading opportunity; a bullish bat pattern has been completed, and at this moment, it is having its retest. You can wait for a 3-bar reversal pattern before engaging the trade.
EURUSDHello dear friends
The price is currently within a 20-year range, from this range, a reaction can be expected.
According to the descending wedge pattern at the end of the downward trend and the positive divergence of the RSI , if the $1.00133 range is completely consumed in the current trend, there is a high possibility of forming an upward trend similar to the drawn scenario.
BTC DAILY BULLISH DIVERGENCE(S)Bitcoin has seen a dump recently.
After the dump, on the daily chart it has made a bullish divergence in the RSI.
Also since 17.9k low, BTC has made a MACD bullish divergence.
We have probably seen the worst of the bear market and BTC probably will not go too far below 17.9k.
Personally, I won't open a long position right now because this isn't enough reversal confirmation according to me.
We need to break above 19.5k first and 20.5k after that and confirm a new (short term atleast) uptrend.
BINANCE:BTCUSDT
USDCAD - Bearish Deep GartleyA Bearish Deep Gartley Pattern check back. What!?! It's rare, but it does happen.
I"m waiting for the candlestick to close and confirm a long shadow for my aggressive trade. This trade could potentially give me a lower risk and higher returns, if you know what you are looking for.
ZYDUSLIFE - Bullish ReversalNSE:ZYDUSLIFE was trading in a downtrend from July 2021 to May 2022 until it stopped making lower lows. It traded in sideways (accumulation phase) for past 3 months and finally broke out of sideways price action recently. Let's take a deep dive to understand the trading opportunity in ZYDUSLIFE.
Multi timeframe analysis -
Weekly TF(Higher timeframe) -
Below chart shows the price structure change from LH-LL to HH-HL in weekly TF. We are also getting additional trend change confirmation using a RSI technical indicator. RSI is showing bullish divergence.
Daily TF(Trading timeframe) -
We are able to see the similar price structure and bullish RSI Divergence in daily TF.
Zooming into sideways price actions, Presence of supply had been seen between 370 and 375. Price was rejected from this supply zone multiple times until it absorbed all the supply and did a breakout. There was a significant volume in the breakout candle which indicates the presence of demand (supply zone is now turned into demand zone). At present the price has retraced back to the breakout level (demand zone).
45 minutes TF(Lower timeframe) -
Looking into 45 minutes timeframe, We are seeing two bullish signs.
1) Price reversal from demand zone with a good volume
2) Bullish RSI Divergence
As per the above analysis, we may see a bullish reversal price action for short term. Once 400 price level is breached, the next supply zone is around 450.
If you have a different opinion, please share your thoughts in the comment section. If you like my ideas, please show some appreciation with a like and follow me for more such trade ideas. Happy and safe trading! :)
