Nice to seen the combination of bullish divergence on the 1 day and the 4hr for 1INCH/UDST. (With bitcoin itself putting in a 4hour divergence, could help it) Decent price target might be around the top of this falling broadening wedge, will elaborate further below...
Bullish divergence on Bitcoin 4 hour chart. Not as good as a divergence on the daily, but the 4 hour divergence tends to perform well.
SHIB looking at a 12hr bullish divergence. Seems to be at historical price support as well. Would like to see SHIB hold up better as bitcoin slides to show strength.
Despite bitcoin price sliding, 1INCH/USDT has almost found a point where the price isn't sliding with it anymore. This is helped by the fact that the 1INCH/BTC pair has been performing very well. It recently bounce of historical support. It is now approaching resistance overhead, and the RSI has come in a bit, so I question as to if it will continue to do so...
Thought id jump in on the bearish DXY bandwagon. The bearish divergence being touched for the 3rd time here. If a bullish divergence was being touched for the third time on a high time frame, would you be long...i would be.
Avacta has had a rally up. It has formed a falling wedge / bull flag which could serve as a continuation pattern. First target could reasonably be the top or start of the falling wedge ~141p. Targets after that we are looking at the fib retracement of the previous macro down trend and/or the previous price action (there is some confluence between the two).
The falling wedge has broken to the upside. The world has mega inflation. Bitcoin is inevitable. Heres some levels. First target should be where the falling wedge start ~47k
Ive cancelled my buy orders sitting on old support and @ the 0.618 line of this recent leg up to give the liquidity to simply enter here. It is a trade I would rather be in than not at all, so for the sake of the difference, Im going for a punt here. A sort of bullish divergence on the 1hour chart, but not strictly lower low on price action, but squint hard enough...
So what happens now. Knowing this market we will get some real fuckery going down. Sentiment on CT is really really bearish but is that cause or effect.
Nice clean bitcoin chart in this channel. Hopefully the falling wedge breaks like it technically should to the upside.
Might have to let the trade come to you. We have a bullish divergence on the 4hr chart. Could wait for the price to drop lower to get a 3 touch or confirmation of the dvergence. This would also bring it inline with historical price support; previous price low.
Theres a hullish divergence on the 4hour chart for 1INCH. It is also sitting on historical price support. It is due for a bounce. A clean target here is there price action resistance sitting above. Could also watch the RSI, would stop out the trade if the RSI was to breakdown through the trendline. Good luck. (similar setup for GALA)
Is there anyone left or is everyone been scared out of this market. Might be a better long trade if you long the retest.
Just posting this chart because there is something harmonious about it.
Heres a couple of ideas for a trade on DOGE 1. Potential formation of a bullish pennant from the recent rally. Been recently trying to understand and work on my risk:reward ratio when it comes to trade, by sitting at the bottom of the pennant (potential support) I can minimize my risk. You might like to wait for confirmation of this support before entry, like a...
Another GMT long trade, a few trades still open on this one, but price above the cloud on the 1 hour presents a new opportunity. Could be tempted to put my price target at the recent local high, but think it would be more conservative to go for the 0.88 lower high from the high.
Bitocin long. Could potential trail stops with parabolic SAR on 1hour. Think a good target aligns with this historical price point and also the 200ma on the 4 hour which is always good strong support or resistance dependent on direciton. TBH, you could probably go long here now till 70k
I know its a meme coin but I cant help myself. And i find it strange that SHIB is holding up better than some alt coins.