Get started

Rsidivergence

USDJPY-Weekly Market Analysis-Sep21,Wk2Last week, I've shared with you that USDJPY is going to have a Bullish Shark Pattern set up within the 5-0 Pattern and the price to engage on the countertrend setup is 109.73(you can check the link within the TradingView chart and you can find the chart link at the bottom). The final target for the Shark Pattern brings 53pips of profit which is approximately 530USD/lot traded. USDJPY has just completed its Bearish Flag Pattern. I'm waiting for a double bottom, which means the market has to retest and touch 109.62 for a double bottom buying opportunity. This will put the trade setup to be a counter-trend trade and an RSI Divergence will be my minimum criteria to engage the trade and the first target will be at 109.88.
Long
by RaynLim
GBPUSD-Weekly Market Analysis-Sep21,Wk2Two weeks ago, we spoke about the Bullish Bat setup for a buying opportunity, at this moment the setup has brought a total of 238pip, which is equivalent to 2,380USD/lot traded. If you like to catch on the bull run, a retest on the trendline(blue) can create an opportunity for you to engage the trade. The immediate previous high can be your Target1. Counter-Trend Traders can wait for the Bearish Deep Crab Pattern confirmation at 1.3910. Usually, for Deep Crab Pattern, I will wait for consolidation and retest before engaging the trade.
Short
by RaynLim
Tesla's Make-it Or Break-it!Tesla is approaching a very critical spot. There are several key technicals that all speak in favour of it having topped out in January. If that's the case it automatically means that whatever we're seeing right now is the height of its distribution phase prior to rolling over for some serious price damage. Let's go through those technical clues, one by one. 1) We have a textbook primary 5-wave impulse. A normal 2nd-wave correction is a steep price correction. In Tesla's case, we saw a retracement to the 786 fib - one that found support on it with uncanny precision. Equally so, a normal 4th-wave correction is a complex time-based correction - one that typically materialises in the shape of a triangle. According to these standard rules, Tesla abides to both. 2) Whenever you draw a fibonacci retracement from the bottom of a 5-wave impulse and to the end of the 5th-wave, the bottom of the 4th-wave correction statistically aligns with the 618. And so, too, it does here. Naturally, this further speaks in favour of Tesla having topped out for this primary and secular market cycle, as in for a long time to follow. 3) The RSI is our by far best tool in determining whenever a mark-up shifts into a distribution. What happens is that the RSI goes from consistently high levels - often overbought such - to swiftly retrace down towards the green neutral 50-line, upon which it then fails to break above the upper bearish blue line (see the red cirle on the chart). This is a pivot at which the RSI and price suffer syncronised "max pain" and is equally so THE ideal spot to open short positions. 4) The price is currently nearing in on the golden 618 ratio. This is where I will begin to ladder in shorts. Yet, if the price were to slip too far into the zone, I'll release it and re-enter again at the 786. But here's the thing. IF Tesla were to break above this critical zone I will consider laddering in leveraged longs. And there are two prime reasons for that. 1) The long RSI divergence (the dotted red line) is typical 3rd-wave behaviour. This is more standard than not. By that token, it would mean that the current triangular-looking price development in fact is the real primary 4th wave, upon which we can expect a final price pump to the north. 2) A price pump above the red danger zone would mean that the weekly RSI would break the upper bearish blue line, and hence disqualify it entirely. In this sense, as long as Tesla stays within or below the red danger zone a short play is the predominantly correct move from a statistical point of view. This is likely to result in a high risk-to-reward short spot - one in which we can utilise high leverage due to the low risk. If, on the other hand, Tesla were to break above this zone, the probabilities swiftly shift from very bearish to very bullish.
NASDAQ:TSLAShort
by LongLifeTrading
3
ETHEREUM BEARISH RSI DIVERGENCEHello everyone On Ethereum we got what it seemed to be an ascending triangle which is a bullish pattern. The upper line indicates the resistance line. We could calculate the target by measuring the width of the base of the triangle and placing it at the break out point. We broke and the price surpassed the target by a little bit. Currenty it seems like we are forming a bull flag on the daily time frame which is a also a bullish pattern. But from the other hand we are forming a bearish RSI divergence. So i would be cautious trading the bull flag. Always use a stop loss! Thanks *Nothing of the above is financial advice*
by Harryboz
1
Solana all time high, overbought state Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Solana reached an all-time high at 103.062 breaking all of the old resistance lines, Why is this coin doing so well for itself? and what could be behind this movement? The main reason why Solana is doing so well is that Solana has the highest per-second transaction among blockchains and the lowest transaction fees, people are realizing that by using Solana they will be saving a lot of money from transactions alone. Solana is the fastest blockchain in the world and the fastest-growing ecosystem in crypto, with over 400 projects spanning DeFi, NFTs, Web3, and more. Now let's look at the technical analysis and price action for this coin : Scenario 1 : The coin price is trading at 97.437 right now almost hitting the first resistance line at 97.710, The bulls are gaining more power by each day as the market brings more cash flow and knowing that could push the price above the resistance zone from 97.710 - 101.220 which will lead into a breakout of that zone and a further push will happen leading the price to go near the 107.454 level. Scenario 2 : The market has been in the overbought state for the last 2 weeks and an RSI divergence has been found which could lead to a reversal in the market, and it will start when the Bears will push the price to the first support line at 90.750 where the main battle will happen between the Bears and Bulls and the market will move according to the winner if the Bulls were to win then we will see the price push back up to the 97.710 level again, And if the Bears wins then we could expect a second drop that's going to be headed near the second support at 87.300 or even the third support at 75.924. Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Bullish sign) 2) The RSI has been trading in the overbought zone since Aug 14, And a divergence has been found between the market and the indicator which could lead to a reversal in the trend. 3) The ADX is at 87.42 showing that the market is super trending right now, with a positive crossover between DI+ and DI-. Support & Resistance points : support Resistance 1) 90.750 1) 97.710 2) 87.300 2) 101.220 3) 75.924 3) 107.454 Fundamental point of view : On Aug. 24, digital asset management firm Osprey Funds registered a first-of-its-kind Solana fund with the U.S. Securities and Exchange Commission (SEC). In doing so, the New York firm hinted at giving institutional exposure to SOL markets as the token's value surged by more than 4,300% in 2021. A day later, real-time data feeder Pyth Network announced that it is going live on Solana's proof-of-stake blockchain. The firm provides "high-fidelity streaming data" from trading firms and exchanges, which allows it to cover global market activity without depending on any single data source. Pyth will use Solana's cross-chain communication protocol "Wormhole" to broadcast market data with decentralized applications functioning atop Ethereum, Binance Smart Chain, and Terra blockchains. According to Cointelegraph This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts and news for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !!
BINANCE:SOLUSD
by GabiDahduh
4
ADA to 3.2$ wave 5Perfect hit on previous ADA setup. Looking like we are in the last wave 5 on daily. Fibonacci Extensions are in confluence and suggests targets are in between ~3,2$ and ~3.3$. 1H wave count looks like we are not done correcting. Entry : The 4H looks like a bullish falling wedge, so we can trade the breakout with an entry price around ~2.64. Because 1H says that we have one more leg down we could wait to enter at the end of wave 5 below ~2,47. This will increase risk reward ratio. Target : TP 3.28$ Stop loss : Risk reward ratio is pretty good but macro in crypto with BTC and ETH looking pretty bearish could increase risk. Stop loss should be set below lowest low. Depending on entry price this should be 2.460 for a breakout at 2.64 and 2.37 for the 1H wave 5 entry. Two scenarios lets see if they playout. Of course if BTC continues going down, highly unlikely because the weekend is coming, this idea will get invalidated.
Long
by CryptoSlots777
1
AUDCAD - Bullish FlagA Bullish Flag may just form up on the AUDCAD 1-hourly chart. The 15minutes chart may provide a possibility of a 61.8% retracement after the double bottom has formed. Although with the current candlestick formation, it is unlikely for a retracement to happen, if it does it will give me a better fill. The current entry gives you a 1.4:1 Reward:Risk, if a retracement happens, it will easily give you a 2:1. Well, for me I engage half of my position, so when the market run without waiting for me, I still can earn some and when it retraces I can wait for candle confirmation to engage the second half.
Long
by RaynLim
BTCUSD ShortBTCUSD Looking short as per previous charts to levels, 37/36k USD to as low as 30,000 USD before continuing long. D1 Divergence occuring, looking to continue short on a swing trade down to levels shown, this is an area i consider to be a good buy opportunity provided we continue upward into previous ATH or possibly new ATH, i'm unconvinced of this bearish indication and believe it to be a fakeout. i see us continuing upward to previous predicted highs of 78,000USD - 92,000 USD per Bitcoin. D1 divergence is hidden divergence, however this hidden divergence is occuring in a downtrend which itself has formed within the overarching uptrend of bitcoins price action, this divergence is good in my eyes for a swing trade from resistance down to support where i've shown that i see the RSI and Price diverging once again, hidden divergence, however this time it will be hidden divergence forming in the overall uptrend on the W1 time frame, with a confluence of 4H, D1 & W1 divergence and support being found by bitcoin i consider this to be a strong indication that price will continue to increase, this however remains to be seen and will need to be looked at to confirm this trade long when the time is right and when/if price reaches the levels i've shown to be the target of this short trade. Good Luck all, please feel free to chime in if you agree or disagree, but if you do please elaborate on your opinion, otherwise it isn't beneficial to anyone.
BITSTAMP:BTCUSDShort
by ATGFX
1
Bitcoin is going to complete ABC corrective waves up to 42KHi dear traders, It time to take decision for your positions. Bulls are saving their profits and bears are preparing to get in slowly! Elliot Waves Theory As you can see according to the valid Elliot theory and after this huge bull run Bitcoin needs a correction for sure! 50K - 52K is an important Fibonacci cluster zone and is acting as a resistance. According to this theory we must expect a 3 corrective waves which called ABC corrective waves. RSI and PRICE Divergence As you can see a bearish divergence can be seen on the chart which is an important sign for trend weakness and reverse probability. Share this Idea with your friends. Your likes and comments are the best thank you!
Short
by TahaZargar
7
Apple Stock Daily Analysis, RSI & MACD Divergence Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The Apple inc Stock has been doing very well for itself in the last couple of months, Both the short-term and long-term trends are positive. This is a very positive sign. AAPL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market. An RSI Divergence has been found between the stock and the indicator, which could indicate a drop in price for the next period of time, But knowing that the Stock is still doing very well but there are signs that the price could be dropping other than the RSI, The MACD is having a Negative crossover and a divergence but still shows that the market is Bullish, And the stock price has reached the Bollinger Bands upper end which could indicate a small drop. Scenarios for the market : Scenario 1 : The market has reached the resistance level at 148.86 and now it's trending above it with no confirmation of a breakout yet, but if the Bulls keep on pushing then we will see a breakout at that level and the price will keep going up reaching the 150.58 resistance area where the Bull power will be tested by the Bears in hope to drive the price back, If the Bulls were able to prove them self then we could see the price going back to the 151.68 range which was the all-time high for this stock. Scenario 2 : The market is trending 149.71 and it reached the resistance level at 148.86, We did notice an RSI divergence and a Negative crossover between the MACD line and the Signal line plus a MACD divergence, And the market almost hitting the upper band in the Bollinger bands. With all of that, the market is still holding a Bullish position but these signs could affect the market and a drop will happen where the price will be headed near the support zone from 147.14 - 146.10 where the Bulls will try to win back control again. Technical indicators show: 1) The market is above the 5 10 20 50 100 200 MA and EMA (Strong Bullish Sign) 2) The RSI is at 60.41 showing great strength in the market, with a divergence between the indicator and the market which could indicate a drop. 3) The MACD is above the 0 line showing that the market is in a Bullish state, Negative crossover between the MACD line and the Signal line. With a divergence between the indicator and the market. 4) The Bollinger Bands are showing a squeeze which could indicate that a huge move is coming soon. Support & Resistance points : support Resistance 1) 147.14 1) 148.86 2) 146.10 2) 149.54 3) 145.42 3) 150.58 Fundamental point of view : AAPL's Return On Assets of 26.32% is amongst the best returns of the industry. AAPL outperforms 97% of its industry peers. The industry average Return On Assets is 1.29%. And its Profit Margin is 25.00%, The industry average is 2.10%. AAPL outperforms 97% of its industry peers. Based on estimates for the next 5 years, AAPL will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.37% on average per year. South Korea is likely to bar Google and Apple from requiring software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases, the first such curbs on the tech giants by a major economy. For Apple, commissions from in-app purchases are a key part of its $53.8 billion services business and are a major expense for some app developers. This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts and news for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
NASDAQ:AAPL
by GabiDahduh