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Rsidivergence

TOTAL2 Altcoin Market Cap RSI MACD Double DivergenceIt is really important to respect RSI MACD divergences since they most likely are working and showing you the way before it happens, also this situation happens at the exact 1.618 fibonacci extension level it is hard break through and the new trend's degree was quite high, so I am expecting a correction to the latest trend level drawn on the chart, the purple drawing shows the prediction of movement. I am keeping my positions open ( not futures ) , but I am aware that this is a possible scenario but eventually it will be the buying opportunity at it's best after the correction.
CRYPTOCAP:TOTAL2
by Kriptoteles
1
End of correction and welcome impulsive wave!? SAFEPAL M15Technical analysis regarding the price of SAFEPAL in relation of dollar Tether for the next scenarios, based on 15 minutes movement. Price found support along with 89 period EMA. Convergence with the RSI exceeding the neutral line * being positive and the price moving in an inverse way, with descending tops ~ divergence. MACD losing selling pressure. Could it be the end of that correction !? Well, in the Technical context, we may be facing a new impulsive wave. Who knows!? disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Long
by luizhcruz
10
SAFEPAL 1H in flag formation! Defined objectiveTechnical analysis regarding the price of SAFEPAL in relation of dollar Tether for the next scenarios, based on 1 hour movement. disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Long
by luizhcruz
10
Is the Market Due for a Correction?The SPY has been trading in an upward parallel channel since November - briefly dipping below during the selloff last week before sharply recovering. I believe the market is due for a more extended correction for several reasons: - The MACD and RSI are both displaying negative divergences, which is a bearish signal. - Furthermore, the On-Balance Volume (OBV) is trending down. This indicates that smart money (aka institutional money) is flowing out of the market, possibly because they are anticipating a market-wide correction. - The SPY could continue trading to the top of its channel, which coincides with the upper Bollinger band and the 0.618 Fibonacci trend extension. Each of these indicators can act as resistance as the price approaches from below. I will likely take some profit and/or hedge agaisnt downside risk with UVXY calls before the end of the week. Good luck trading.
AMEX:SPY
by otis_bagshots
5