The bullish momentum appears to have waned, evidenced by the emergence of a lower high and lower low, and a bearish divergence. Should the STXUSDT fall below the 1.65 mark, it would signal a shift in the technical bias towards the downside. Notably, on the downside, crucial horizontal line support is situated within the range of 1.44-1.46.
SEIUSDT faces a pivotal juncture with a key resistance level standing at 0.7661. This level has proven to be a formidable barrier in the past, acting as a significant hurdle for the asset's price movement. A successful breach above 0.7661 is anticipated to catalyze a surge in bullish momentum.
Bullish Divergence is a good sign for buyers. Buyers will be in charge on a break above resistance at 2052 which is also a last lower high.
Following the completion of a bullish flag pattern, price encountered a significant obstacle at the key resistance level of 184.400. Notably, during this interaction with the resistance, a bearish divergence has emerged, signaling potential downward pressure. Adding to the bearish sentiment, price has breached the higher low level, situated at 183.560. This breach...
The market currently exhibits a concerning scenario characterized by a bearish divergence, followed by the emergence of a head and shoulders pattern. The recent breakout below the neckline of this pattern has heightened apprehensions among traders, as it signals a potential shift in trend dynamics. What adds to the unease for buyers is the formation of a new lower...
Reasons to buy Gold 1. Break out of Accumulation 2. Bullish divergence Buyers will remain in charge above last Lower Low (1972-1973)
Bullish momentum seems to be faded out as double top pattern, three black crows and a bearish divergence has formed. If the AUDCAD dips below 0.89700, it would indicate a shift in the technical bias towards the downside. On the downside, trend line support lies at 0.88900-0.8900
Some bullish signs to go long : 1. Bullish divergence 2. Breakout of descending parallel channel 3. Perfect Bullish BAT Pattern Buyers will remain in control above D point. 1.36500-1.36700 is a resistance zone ahead.
Triple Top followed by bearish flag pattern, break below of support zone 1.2600-1.26200 which has tested support zone seven times can sink price further.
Gold testing support zone ( 2052-2062 ) after printing new highs. Buyers will remain in control above 2030 i.e Higher Low of this bullish trend.
Bullish BAT pattern has formed with bullish divergence. Break of Lower High will turn bearish bias into bullish.
OBOY is on the verge of accumulation phase breakout. This phase followed by advancing or trending phase which is good for bulls/buyers. Buy at cmp SL : 5.15 TP1 : 9.40 TP2 : 12
The bullish momentum continues, the price tested support zone 0.2980 and bounced. Buyers will remain in charge above 0.2440. Buy at 0.2980 SL 0.2440 TP 0.352
Reasons to short 1. Break of Higher LOw at 1962 2. Followed by bearish divergence on RSI Stop Loss 1978 TP : 1942