Rsidivergence
Trade Ideas Analysis: CADJPY ABCDABCD is a classic wave movement that has been using to trade in 2 manners, a counter-trend trade engagement technique or by using as a projection of targets.
A double bottom forms on H4 support level and having RSI Divergence sweeten it more for traders who are looking for buying opportunity.
Trade Ideas Educator: NZDUSD SharkA bearish shark setup within the double sell zone gave a great trading opportunity to short this pair. An RSI Divergence has shown, it is possible such setup either gave a great trading opportunity or a potential miss trade as the market may not touch point D.
Let's see how this setup unfold when market opens on Monday.
APBR - ArgentinaPetrobras respeto la base del canal alcista que viene en el que se encuentra operando desde hace ya varios meses.
Actualmente esta luchando por mantenerse arriba de la EMA50 (marcada en color naranja).
Atencion!! Presenta una importante divergencia bajista en el MACD y en el RSI que se viene gestando hace varios meses.
Habra que ver si se mantiene por encima de la EMA50 o si ira a testear la base del canal otra vez.
APBR has been trading in a bullish parallel channel for several months.
It's struggling to operate above EMA50 in the daily chart.
It has successfully bounced from the base of the channel a few days ago.
However it has been forming a bearish divergence both in the MACD and RSI so it would be reasonable
for the price to adjust to this one.
XRP-Bullish regular RSi divergence.I accept every kind of criticism. If you have any perception please share with me down in the comment section, or in private.
My analysis is not an investment advice, it is just my observation about the present state.
Im in GMT+2
In this analysis i will talk about the XRPUSDT in 4h Time frame( I only talk about the things that can be explicitly see from my chart).
At first if we go back in time a little, on the 22rd june, a bearish regular RSI divergence appeared in the 4h chart. This situation results a bearish swing, which is not dissapeared from now too, but it may reached its strongest support on 5th of june, and now i see bullish patterns. We need to take seriously the RSI divergences, because that regular bearish RSI divergence cause a 26 % price drop in 12 days.
on 5th of June a BULLIS regular RSI divergence appeared, it is smaller than the beares before, but it have strong appeance. This divergence will cause increase in price.
On the other hand there is the ichomoku cloud and the lines. IF the base line ( red ) will crossed by the conversion line ( blue ) it also cause price increase.
Moreover the appereance of the GOLDEN CROSS is near, the 50 EMA and the 200 EMA is close to each other, and fortunately the 50 EMA is under the 200 EMA.
In my way of thinking, XRP will reach a level around 0,42USDT , there are a strong resistance ( 200 EMA line around tehre, Leading span B (the bottom of the ICHIMOKU CLOUD) and the FIB RETRACEMENT 0.380 line is near. ) from that level it will be a little consolidation, but the price will go through it and cant stop until the top of the ICHIMOKU CLOUD and the FIB RETRACEMENT 0.618 line )
This was my observation about the current market price of the XRPUSDT.
I hope I did not only talking wrong things.
Thank you for reading.
-A beginner trader
Trade Ideas Educator : NZDUSDBottom Left shows that on the weekly chart, NZDUSD is having an emerging bearish bat pattern that I'm waiting for a shorting opportunity but of course that won't be ahead on the daily chart on the bottom left that too have a bearish bat setup.
On the 4-hourly chart will be the most immediate opportunity, however, the market has to retrace by Tuesday, 9 July 2019 to make it possible. The ideal sell zone is within the red box.
What're your thoughts on this? Comment down below.
Trade Ideas Educator: GBPAUD RSI DivHaving an RSI Divergence on the daily chart(right) set perspective up for a buying opportunity I'm waiting for. But based on my trading rules, I can't just long because of an RSI-Divergence.
On the 4-hourly chart, a bullish shark forms up on the dot of my prefered entry, adding sprinkles to the dessert on the 1-hourly chart, a bullish crab on the dot.
ADABTC looking for that swing opportunityCardano! Shelley! Or just a flop?
Buy the rumour, sell the news? Seems like this is what happened to Cardano, with a nice swing high, breaking out from its inverse HnS, together with much news on the explorer, partnerships, Shelley testnet etc.
Anyway, enough ranting about old news. So what is the chart telling us now?
I'm rather optimistic for the following reasons:
- RSI divergence (lower lows on price, but higher lows on RSI) is signalling some reversal pattern. A similar RSI divergence can be spotted at the peak of the Inverse Head.
- This coincides with ADA's last bottom at approx 800 sats
- 800 sats has proven as a critical level of support
- Yesterday's candle closed a 'bullish doji', indicating weakness in the bears to pushing price below the 800 sats range.
Regardless, if the bears fail to break this critical support level, likely we will proceed with an upward rally, i'd be looking at the 23% fib or 1080 sats range for the first exit point. Notice that this is a the support level, or the peak of the Inverse Shoulders. The next level ideally would fall around the 50% fib or the previous Inverse Neckline, or 1350 sats range.
AUDUSD weekday analysis we have WEEKLY RSI DIVERGENCE and also DAILY RSI DIVERGENCE both signaling Bullish Divergence. On daily timeframe price formed a falling wedge pattern on weekly SUPPORT and we would want to wait for the break of the wedge pattern and retest before entering LONG.
Weekly RSI + Daily RSI + Weekly Support + Falling Wedge Pattern = BUY
Short IdeaLots of shorts playing the bearish divergence currently getting their heads squeezed off their necks.
be patient and wait.
Trade Ideas Educator: Bat DivergenceThis 2 trade got caught by the market. AUDUSD got back to the entry price, but still within the sell zone and with RSI Div. I will still hold onto this trade till it either hit targets or my stop.
NZDUSD, on the other hand is much more tricky. No doubt that is an RSI Divergence as well but the candle break and close above the sell zone forming new high. I will also stick to my plans but what're your thoughts.
Love to hear from you what will you do if you had already engaged a short trade on Point D completion.
EOSBTC looking for the reversal (Short Term)Following up from previous EOS TA, a possible reversal to the upside may be in play
Opportunity spotted, looking for a breakout to the upside from most immediate overhead resistance on the 50MA (in green).
Clear 3x instance RSI divergence (high highs on RSI, lower lows on Price) indicative of a reversal pattern - compare this against the longer time lines.
Target range from 0.00088000 - 0.00090000 range (38-50% Fib levels)
Will need a to look out for a clear DI crossover with sustained ADX momentum to confirm this move.
This is quite a drastic pullback from the last breakout so risk/reward ratios are quite favourable :)
EUR / AUD - Correction after broke bullish trendlineEUR / AUD - Technically, the pair has broken its bullish trendline. The price failed to hold the breakout of a critical resistance on the red line.
We expect the pair to be bearish and move to the green support levels
- Support becomes resistance
- RSI divergence
- Broken bullish trendline
I love such entries because risk-reward is good.
GOOD LUCK and take entry according to your balance.
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Trade Ideas Position: AUDUSD BatA type 2 Bat has formed up, so what is a type 2 bat, it simply means a retest of the entry level of the bat pattern.
Although if the Bat has hit the 1st target during the setup and it is also a counter-trend move, it is not my favourite bat setup for a retest as some traders might have already exited this trade (losing the force to push it up) . In this particular scenario, there is a RSI Divergence and I do see a good potential setup and further extend upwards for a shorting opportunity. That gives fantastic Reward:Risk(RRR), hence, I'm in.