Reversal sign in ETH and other coinsHere we have bulish sign in RSI and also a cross up point in MACD. Also the 12345 wave is now completed and I think here is good place to open long.
Rsidivergence
EURUSD-Weekly Market Analysis-Apr21,Wk4The red box(sell zone) is drawn on the daily chart, I'm waiting for a bearish engulfing candle on the 1-hourly chart for a shorting opportunity.
Interesting times for LTC!Hi all,
I've been digging around in TA for a little bit, but of course with the whole crypto space being what it is nobody actually knows what will happen so happy trading and make your own informed decisions!
I try to trade by patterns and some TA indicators. This run has been awesome! I am looking to up my LTC holdings through some well timed buys and sells. Currently, I am seeing an opportunity for a sell with a potential buyback within the rising channel. Of course, sometimes we see what we want to see in these charts, so again-- not financial advice.
Bearish:
I found a bearish RSI and MACD divergence in this run.
The past few cycles when RSI has reached this point there has been a major downwards correction.
Further, LTC has been trading in these triangle patterns so I am wondering what the downwards leg of this triangle will look like when it comes.
Let's see how this pans out!
Bullish:
ALT SEASON!
FOMO
Huge run this morning.
Rising channel breakout
Good luck all
BTCUSD TA & BULLISH RSI DIVERGENCEWe are above the big H&S's neckline. I'm still bullish if we stay above 59500. We have an important BULLISH RSI divergence on 1h timeframe ! My first target is 68-69K if we don't break 59500.
Bitcoin has a little more to go downwards before finding supportBTCUSD has been in a rising channel since mid December 2020. It has, remarkably, maintained this rising channel and issues the channel's lower trend line as support around 4 times - this further providing evidence of channel integrity and lower trend line support.
Currently the price is approaching the lower trend line support and has a little more to go down before it reaches that level and potentially starts rising again. Based on trend analysis, the price level for support is between around $58000 and $57000.
A good entry point would be once the price hase moved into the zone, found support and moved back up with a minimum of 1 - 3 bars of confirmation of upward price trajectory (depending on risk preference) to avoid a false price bounce.
However, this would be a risky trade requiring active and closely monitored risk management due to the following cautionary notes.
The RSI and price are starting to show signs of longer term divergence. This divergence may be temporary and cancelled by the RSI beginning to trend upwards along with price off support from the lower trend line, however a divergence is a very strong technical signifier of trend reversal and demonstrates any future trade currently requiring a lot of risk management.
Additionally, the RSI recently reached an overbought peak and, coupled with its most recent peak being lower may be signalling a slowdown in the trend.
Furthermore, recent support from this lower trendline has not resulted in price movement reaching the upper trend level either signifying impending general downward pressure on price or general slow upward price movement.
Finally, in March 2021 the 50 DMA, lower trendline and price converged, which could have resulted in more powerful price action towards the upper trendline but didn't, further demonstrating resistance to major price movement upwards (although the total maximum price movement upwards was about a good 17% nonetheless, signifying profitable scalping potential based on this trend).
USDJPY-Weekly Market Analysis-Apr21,Wk3If you have been reading my analysis, you might be thinking USDJPY will be alike to EURUSD or GBPUSD. Well, not this time. USDJPY is in a unique situation where the daily chart is on a bullish trend, 4-hourly chart a weaker bull(which I will not take action) and 1-hourly a bearish trend. Knowing how to identify the trend helps a trader to determine if they are trading with the trend or against the trend. This information help traders to plan their stop and target better.
I'm waiting to short USDJPY at 109.87 as long as the trade didn't break and close above 109.95.
FILUSDT BullishHello traders. After a nearly 50% retracement, we now see the price back above the 9MA and the RSI above 60 with daily divergence. Targets are the Fibonacci projections on the chart. Good luck!
SQQQ may give us another +20% Pump: Bullish Shark HarmonicThe 4HR RSI seems to be coming out of the oversold territory within the PCZ of a Bullish Shark Harmonic, I think it could attempt to target previous Higher Resistance levels from here Potentially between $14-$16 if all goes well.
EURJPY - Crab PatternA bearish crab pattern form on the daily chart of EURJPY with an RSI Divergence. This trade can take up to 2 weeks for it to complete its run. Patience is required. Are you game for this?
NZDUSD - TrendlineTrendline - 1 of my favourite tools I use for trading, it is suitable for most trading situation and when using right, it can be a leading indicator. As long as the candle didn't close above 0.7043, the bearish trend stands.
Breaking and closing below 0.6997 shows that the strength is having a strong bearish run.
$UKX Hourly - Possible consolidation before final push higherMinor bearish RSI divergence has appeared on the hourly. Trend is still clearly up and full target of 6870 BUT momentum appears to be slowing. Taking some profit here on my longs and will look to add on a test of the green zone at 6780/6790.
USDJPY - Structure TradeA potential trend reversal trade might be in place. Having a break and close below the buy zone(turned to consolidation zone) is the 1st clue for a shorting opportunity. Market retraces and touches the red line without closing above the red line is the 2nd clue, the red line act as a Key Resistance Level, DM me if you don't understand. If the 8am(+3UTC) close as a bearish engulfing candle, it will give the 3rd clue for a shorting opportunity.
AUDUSD - Inverted Head&ShoulderThis is not the usual head&shoulders formation that I trade, it is because it didn't meet 1 of my critical criteria. But in this case, if the market retrace to 0.7599 and didn't close below 0.7591 on the 1-hourly chart, I may still consider to engage the trade
VLDR Keep your eyes on this one! Just wanted to show another analysis but on the hourly chart. Good chance this one could see a breakout soon.
NEOUSDT - Showing multiple divergence, time to take a trade :)Hi Traders!
On 1h chart of NEOUSDT, I found both MACD and RSI formed divergence, and an uptrend is about to reverse.
So it's time to take a short position to book some profit.
Entry SHORT - 45 USDT
TP - 42.75
SL - 46.62
Risk/Reward Ratio - 1.77 :)
EURUSD-Weekly Market Analysis-Apr21,Wk1EURUSD is on a bearish run. The sell zone with the darker red will be the area for traders who are looking for shorting opportunity. This is the level that is most likely to be broken, but if this level stays, it shows that we can expect the stronger bearish move is still in play.
Overbought with RSI Divergence will be the signal for us to look for the trend trading opportunity.
BMAX. analysisBMAX has given a long signal with:
Break of a symmetrical triangle on the weekly chart
Pennant broken
RSI shows divergence on the weekly chart
Prices are above 200MA
123 trend change
AUDUSD facing bearish pressure?Some divergence in the chart highs and rsi highs, with downtrends in the upper time frames
DXY 200 SMA rejection?If this rejection holds, stonks should proceed to "up-only".
Rejection could be backed up by the Bearish RSI-divergence.
NZDUSD - Bullish SharkA bullish shark pattern is closing in and I'm waiting for a candle confirmation at Point D for a buying opportunity.
Bitcoin's mid-term analysis you should considerHere I present my POV on Bitcoin's mid-tem action with a confluence of bearish signals seen on the daily chart.
Even though Bitcoin is showing an impressive bullish strenght, it is also leaving some negative traces behind. Let's take a look at the potential worrying aspects:
Rising wedge formation (magenta dashed lines): this pattern has a 60% probability of a downward breakout, according to Bulkowski
Volume trending downwards (indicated by the orange arrow): this trend reinforces the wedge pattern; we should expect a big move soon
Elliott wave (green wave): this impulse wave is usually followed by an ABC corrective wave
Bearish divergence (magenta lines): the price is forming a strong bearish divergence on the RSI since the beginning of the the rising wedge
Extreme greed : this Bitcoin's bull cycle has shown a lot of greed and FOMO, much more than previous cycles, as seen by the very agressive inclination on bigger time frame charts
Stimulus checks : even though the fact that many people is putting their $1400 stimulus in Bitcoin is good, this is also very attractive for whales looking for huge liquidations any time soon
These multiple confluences should make you - at least - reconsider any overbullish prediction for the following weeks regarding Bitcoin. I'm not saying a correction here would mean the bull cycle is over, I think we're far from that, but corrections are healthy for a bigger price development and we have not seen many along the way so far.
>> However, I don't think the breakout would occur right now. Considering Dollar's inflation with all the bad decisions coming from the FED, I believe we would reach new highs before that, probably touching the upper line of the wedge once more, setting a new ATH @ ~70k, and then starting the potential greater correction of this bullrun.
If it happens, the probable worst case scenario is already on the chart, being the lowest low of the wedge, around 31k, supported by the VPVR.
But if we actually end up breaking the wedge downwards, I'll update this idea with the possible targets and support levels we may reach.
