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Divergence

Caution : Hidden Bearish Divergence 🧐📉Understanding Hidden Bearish Divergence: Hidden bearish divergence occurs when the price of an asset is making higher highs, but the RSI indicator is forming lower highs. This creates a discrepancy between price action and momentum, suggesting that the bullish trend may be losing strength beneath the surface. Why Hidden Bearish Divergence Matters: Hidden bearish divergence is a sign of weakening bullish momentum, potentially signaling an impending trend reversal or correction. It can be subtle and easy to miss but may be an early warning of a trend shift, especially on longer timeframes. Proceeding with Caution: If you spot hidden bearish divergence on the Bitcoin chart, it's essential to exercise caution rather than panic. Consider it as a potential indication that the bullish trend may be losing steam, not an immediate sell signal. Confirm your analysis by looking at other technical indicators and market factors. Risk Management and Strategy: Implement effective risk management strategies, such as stop-loss orders, to protect your investments. Diversify your portfolio to spread risk and avoid overexposure to a single asset. Be prepared to adapt your trading strategy based on evolving market conditions. The Bigger Picture: Remember that hidden bearish divergence is just one piece of the puzzle. It's crucial to consider other factors like market sentiment, fundamental analysis, and macroeconomic trends. Stay informed about news and events that can impact the cryptocurrency market. Conclusion: Hidden bearish divergence can be a valuable tool for traders and investors, providing insights into potential shifts in market dynamics. However, it's not a guaranteed sell signal. Instead, it's a call to be vigilant, manage risks, and stay adaptable in your investment approach. In the world of cryptocurrency, where volatility is the norm, being a savvy investor means paying attention to both the obvious and the subtle signals. By doing so, you can make informed decisions that are more likely to lead to successful outcomes. Remember, a well-rounded approach to analysis and risk management is your best ally in navigating the crypto market's twists and turns. 📊🧐🚀
INDEX:BTCUSD
by AlexWhale
NASDAQ Trade Signal NASDAQ Trade Signal Timeframe: 15-Min #Forex #NDX100 #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #NASDAQtradingsignal #NASDAQ #USTECH Hey traders! 👋 Let's dive into a potential trading opportunity on the NDX100 pair using technical analysis. 📊 📉 Previously Bullish Trend: Firstly, on the 15- timeframe, we've been witnessing a Bullish trend in the NDX100 pair. 🐻 🔄 Divergence on HH (Higher High): However, it's crucial to note that recently, we have started to observe a divergence pattern on the HH (Higher High’s). This is an important signal that the Bullish momentum might be weakening. 📉🔄 📊 Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bullish bias. 📈 Buy Level \ Entry Price: 14807.50 🎯 Stop Loss Level: 14860.4 🚀TP1: 14755.7 🚀TP2: 14702.9 💰 Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade. Happy trading, and may the pips be in your favor! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal
SKILLING:US100Short
by TradingwithBelieve
Power of Bullish Divergence 📈Divergence, a powerful concept in technical analysis, has been making waves in the world of Bitcoin trading. Recently, we witnessed a remarkable 90% surge in Bitcoin's price, driven by a bullish divergence pattern on the weekly chart. In this post, we'll delve into the significance of this pattern and explore the potential outcomes of a similar bullish divergence on the daily Bitcoin chart. Weekly Chart Bullish Divergence: A bullish divergence occurs when the price of an asset makes lower lows, while a relevant technical indicator, in this case, the Relative Strength Index (RSI), forms higher lows. In simple terms, it suggests that while the price is weakening, the momentum is picking up, potentially indicating a trend reversal. The recent bullish divergence on the weekly Bitcoin chart was a game-changer, leading to a substantial 90% price increase. Daily Chart Potential: Now, let's shift our focus to the daily Bitcoin chart and what we can expect from a bullish divergence on this timeframe: 50% Potential Gain: While it's difficult to predict exact price movements, historical patterns suggest that a bullish divergence on the daily chart could lead to significant gains. Confirmation Needed: Remember that trading based on a single indicator can be risky. It's essential to confirm the bullish divergence with other technical indicators or chart patterns for added reliability. Risk Management: Maintain a disciplined approach to risk management. Determine stop-loss levels and position sizes based on your risk tolerance. Caution and Patience: The crypto market is known for its volatility. While bullish divergences can be strong signals, they are not foolproof. Be patient and wait for confirmation before entering a trade. False signals can occur, so consider using multiple indicators to cross-verify your analysis. Conclusion: The recent 90% growth following a bullish divergence on the weekly Bitcoin chart showcases the power of this technical pattern. While it doesn't guarantee future success, it provides valuable insights into potential trend reversals. As we look at the daily chart, the prospect of a 50% gain from a similar pattern is intriguing. However, exercise caution, practice strict risk management, and consider multiple factors before making trading decisions. Trading in the crypto market is exciting, but it's also challenging. Stay informed, stay analytical, and remember that a diversified approach and continual learning are keys to success in crypto trading. 🚀📊🧐 ❗See related ideas below❗ Like, share, and leave your thoughts in the comments! Your engagement fuels our crypto discussions. 💚🚀💚
Long
by Yaroslav_Krasko
#GBPJPY Potential upside continuation*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in all pairs. since price rejected from the long term bullish channel upper line, price formed a bearish corrective structure with the possibility of upside continuation in favor of long term price movement. As it can be seen in the chart price struggling with supply area for the past few days and failed several times to break below this supportive area. more importantly today after another failed attempt to break below the support price rejected and formed strong bullish hammer candlestick pattern which can potentially shows buyers strength. Now in order to trade this pair I'm looking for price to fail to go lower than the 4H bullish hammer candle low or break above lower timeframe bearish trendline.
Long
by mohemati
#CHFJPY bullish continuation*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in all pairs. As you can see in the chart price broke above short-term bearish trendline with strong 4H time frame Marubozu like candlestick which revels buyers strength. This bearish move since the completion of 4H time frame candle can be interpreted as pullback to test the broken trendline and its possible to be looking to buy in this area.
Long
by mohemati
USD Index: Breakdown before the FOMCToday's focus: USD Index Pattern – Nill Support – 105.00 - 104.45 Resistance – 105.10 - 105.55 Thanks for checking out today's update. Today, we have run over the USD Index, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. The USD index sits in an interesting spot with the FOMC to come. Price still sits in its uptrend, and we saw a nice fightback yesterday from buyers after sellers were once again rejected below 105. price also looks to be losing some upward momentum, and the RSI is also warning us of this, with divergence forming on the RSI. A lot could come down to the FOMC. If we see a hawkish tone, could we see a new move by buyers to test the 105.55 resistance? On the other hand, if it is more to the doveish side, the momentum warnings could come true, and we may see a new test lower by sellers. Sorry that today's update is a touch this way or that way, but it looks like the market is waiting for some direction in the short term. The fund's rate, projections and statement are due at 4:00 a.m. AEST Thursday morning. Have a great day and good trading.
EIGHTCAP:USDX
by Eightcap
Guide: SMA and RSI for Trend ReversalsWelcome, traders! In this comprehensive guide, we'll explore a long-term trading strategy that leverages two powerful technical indicators: the Simple Moving Average (SMA) and the Relative Strength Index (RSI). By the end, you'll have a solid understanding of how to use these tools to identify trend reversals and make informed trading decisions with a focus on the bigger picture. 📉📈 Educational Objectives: Understand the concept of long-term trading and its benefits. Learn how to use the Simple Moving Average (SMA) to identify trends. Master the Relative Strength Index (RSI) for spotting overbought and oversold conditions. Combine SMA and RSI for a comprehensive long-term trading strategy. Recognize key points of trend reversal for well-timed entries. 📌 Part 1: The Foundation of Long-Term Trading Long-term trading focuses on capturing significant price movements over extended periods. It requires patience, discipline, and the ability to ignore short-term noise. 📌 Part 2: Understanding the Simple Moving Average (SMA) SMA is a trend-following indicator that smooths price data to reveal the underlying trend. The 200-day SMA is particularly useful for long-term analysis, indicating the overall trend direction. An upward-sloping 200-day SMA suggests a bullish trend, while a downward slope indicates a bearish trend. 📌 Part 3: Mastering the Relative Strength Index (RSI) RSI measures the speed and change of price movements, helping identify overbought and oversold conditions. An RSI above 70 suggests overbought conditions and a potential trend reversal. An RSI below 30 indicates oversold conditions, potentially signaling a trend reversal to the upside. 📌 Part 4: Combining SMA and RSI for Long-Term Trading Look for confluence: Confirm trend reversals when the 200-day SMA aligns with RSI overbought or oversold signals. A bearish signal could be an overbought RSI crossing below the 200-day SMA, signaling a potential downtrend. A bullish signal might be an oversold RSI crossing above the 200-day SMA, suggesting a potential uptrend. 📌 Part 5: Identifying Points of Trend Reversal Key points to recognize trend reversals include: Divergence: When the price makes new highs or lows but RSI doesn't, it signals a potential reversal. Crossovers: Pay attention to the 200-day SMA crossing above or below the price chart. Volume: Increasing trading volume often accompanies trend reversals. 🚀 Conclusion: Long-term trading can be highly rewarding, but it requires a deep understanding of market trends and the right tools. By combining the SMA and RSI indicators, you gain a powerful strategy for identifying trend reversals and making well-informed trades with long-term potential. Remember that no strategy is infallible, so always employ proper risk management techniques and continuously refine your trading skills. ❗See related ideas below❗ Like, share, and leave your thoughts in the comments! Your engagement fuels our crypto discussions. 💚🚀💚
INDEX:BTCUSDEducation
by Yaroslav_Krasko
1
USDJPY: Thoughts and AnalysisToday's focus: USDJPY Pattern – Ascending Triangle Pattern Support – 146.50 - 144.75 Resistance – 147.92 Thanks for checking out today's update. Today, we have run over USDJPY, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. The USDSJPY continues to be locked up in a bullish continuation pattern. If we see a break above this pattern, we are interested in how buyers handle being back into a supply and resistance area. An area that stopped the last main rally. On top of that, the RSI is also showing lower highs as price has made higher highs. This could be a sign of divergence, but we will continue to watch if buyers can make a higher breakout. If we see a break lower, we will look to 146.50 and 144.75 as potential support areas. Heads up: BOJ policy rate and policy statement are due on Friday. Have a great day and good trading.
Long
by Eightcap
SDGR - Bullish divergenceSDGR has been in an uptrend since breaking above its Base Formation neckline around $36.30, experienced several retracements of between 38.2% to 50% of each mini swings on the way up. Its most recent retracement is more "severe", now at 61.8% retracement. And with Earnings expected just round the corner (on 2nd Aug), it appears there is some "fear" leading to earnings announcement. Bullish divergence has begun to appear between price and RSI, hence it would be interesting to see if earnings would be the catalyst for the next rebound. NOT suggesting to take a position now (before earnings release) unless you are prepared for earnings risks. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:SDGR
by Juliac
9
#NZDUSD short term buying opportunityprice bullish corrective move forming a bullish channel as you can see clearly in the chart and now price is testing this channel lower boundary which acting as a support. Moreover, price also testing its short term bearish channel line and currently testing its return line which add to possibility of bullish expected move. Also in 30 minutes chart we can see price formed hammer #candle_stick formation and failed to close below its previous low. And in 1H time frame we have reverse bullish divergence.
Long
by mohemati
MACD-Divergences: Assessing Present Varying Exemplifications!_____ Hello Traders Investors And Community, _____ Welcome to this tutorial in which I will analyze the MACD-Divergence and its various types that can come up in the market movements. The MACD is an indicator developed in 1986 and since then established as a primary indicator in the oscillator types besides the RSI or stochastic. The indicator mainly has the function of spotting reversals and potential entry points into the market to catch the appropriate values and upcoming reversal developments. Although the indicator can be used as a single signal for market action only it is best combined with other technical analysis aspects such as candlesticks or volume. The main timeframe to apply the indicator should be the daily timeframe, it can be also applied to higher timeframes such as the weekly to assess broader trends. The indicator can also be applied on lower timeframes such as the 4-hour or hourly however in this case the fake signals getting higher. The MACD consists of 3 main elements, the first is the MACD-Line marked in my chart in orange which is calculated by the 12-day EMA (Exponential-Moving-Average) minus the 26-day EMA. The second element is the signal-line which is a 9-day EMA. Further comes the histogram which measures the distance from the MACD-Line to the signal line and the histogram is positive when the MACD-Line is above the signal-line as well as negative when it is below. The main signal happens when the MACD-Line crosses the signal-line when it crosses from the downside to the upside this is typically seen before a bullish reversal takes place and the same in reverse with the MACD-Line crossing the signal-line down when a bearish reversal takes place, in both cases also the histogram changes from positive to negative or negative to positive. In any case, it is always necessary to combine the MACD with the current price-action happening as in this case comes the interesting part with the divergences happening that can lead to dedicated signals. These divergences happen when there is a discrepancy between MACD and the actual price-action happening indicating a potential change in direction of actual price-action as the MACD shows up with these signs. In any case, it is unavoidable to consider the price-action together with the MACD as otherwise, it can lead to catching a fake-out and getting stopped out of the position what should be avoided in trading. The MACD also does not typically spot overbought or oversold conditions as it is an indicator consisting of EMAs it represents the previously developed price-actions in relation to the ongoing and upcoming price-actions. _____ Regular MACD Divergences: __ Classical MACD Crossover - The Classical MACD Crossover comes up when the MACD-line crosses the signal-line either from the upside to the downside or from the downside to the upside. Both versions can indicate a reversal into the direction the MACD-line crossed the signal-line however the timeframe and structure is important here. When this crossover happens on the lower timeframes below 6-hours it can happen that there are many fake signals with several crossovers behind each other while the price-action is actually trending into one direction. The higher timeframes such as the daily are therefore the best to apply this regular classical MACD crossover. Classical MACD Histogram Divergence - This divergence occurs when the histogram has formed a new high together with the price-action, for example, the histogram forms the new high at 0.3 in the MACD-histogram then the price-action moves further and forms a higher high exceeding the previous one however the MACD-histogram does not do a higher high also while staying below the 0.3 level. This indicates that the market is likely to reverse into the other direction because the histogram does not correspond with the actual price-action and therefore forms a divergence. This can be applied in the reverse direction as well and a good combination would be to look also at the volume or overbought and oversold conditions. Histogram Divergence Fakeout - In this case, it is the crucial part of the histogram divergence. The price-action and MACD fulfilled the initial requirements for a classical MACD histogram divergence and the price-action should markdown after forming the final high and the divergence, however in this case it does not happen instead the price-action moves lower a little bit signaling the possible normal development after this signal and then moves up again exceeding the previous high and stopping out traders who may have entered the market because of the divergence, after that the price-action can markdown finally and move lower, therefore it is necessary to look at the price-action also and see if the market is really ready to markdown after the signal. __ Bearish Regular Divergence Ⅰ - The Bearish Regular Divergence Ⅰ is a divergence in the price-action that marks two important confirmations including this a technical confirmation in the MACD normally seen in price-action. In this divergence, the price-action marks consecutive higher highs while the MACD forms a double-top with the rejection at the upper baseline confirming the double-top. This divergence is likely to reverse the previously established bullish trend to the downside and continue with bearish determinations. It is important to watch out for fakeouts before potentially entering and when this possibility is low it can be a good entry. Bullish Regular Divergence Ⅰ - This is the counterpart to the Bearish Regular Divergence Ⅰ. In this case the price-action marks lower lows in the structure in the best case also with falling volume and momentum while the MACD makes a double-bottom which is a good sign when both form that the price will likely reverse into the bullish direction. A trendline breakout of the previous established lower highs in the downtrend can also add additional confirmation to the final bullish reversal. __ Bearish Regular Divergence Ⅱ - This is a very interesting divergence as it combines the classical price-action formation double-top with the lower highs forming in the MACD. A confirmed double top alone can also be a strong signal for a reversal nevertheless with the additional MACD making lower lows this can add to the main bearish reversal coming in and accelerating it. A valid confirmation will take place when the price-action regularly confirms the double-top with the neckline breakout to the downside. Bullish Regular Divergence Ⅱ - Here is another divergence in which the price-action forms a reliable reversal-formation, in this case, a double-bottom which also can alone be the decisive factor for the final reversal, together then with the higher lows forming in the MACD it is a strong signal to reversing the trend into the bullish direction and similarly to the Bearish Regular Divergence Ⅱ it finally confirms with the neckline breakout by the established double-bottom with proper volume to the upside. __ Bearish Regular Divergence Ⅲ - This divergence has a good and appropriate application in the market formations to form. In this divergence, the price-actions form higher highs while the MACD forms lower lows signaling a bearish reversal to take place. A good confirmation occurs when the price-action closes below the lastly established lows and after that continues also further to form further bearish continuations, it can be a good point to spot the final reversal when the MACD looks like it develops the next lower high. Bullish Regular Divergence Ⅲ - This is the exact counterpart of the Bearish Regular Divergence Ⅲ while the price-action forms lower lows in the structure the MACD develops higher highs showing this given divergence and likely to indicate the bullish reversal to take place sooner or later. Additionally, a falling volume and momentum in the actual price-action will lead to more increased validations followed by an upcoming rise in volatility above previously lower highs, these structures and developments are always also important. _____ Hidden MACD Divergences: __ Bearish Hidden Divergence Ⅰ - This divergence is actually the counterpart to the Bearish Regular Divergence Ⅰ and in this case, the MACD also forms a double top in the structure however unlikely as in the Bearish Regular Divergence Ⅰ in this case the price-action forms lower highs in the structure showing the exceptional weakness of the bulls as the price-action does not manages to maintain further higher highs, this is why the formation is finally likely to confirm bearishly to the downside and the reversal took place. Bearish Hidden Divergence Ⅰ - In this divergence the MACD forms a double-bottom with both lows forming a lower baseline in the MACD-histogram structure while the price-action forms higher lows which is very important here as such a constellation is normally defined as bullish with the possibility to reverse, the double-bottom in the MACD then confirms the further bullishness to establish and likely bullish volatility to show up in the structure, the requirement is that the established uptrend-line does not invalidate to the downside. __ Bearish Hidden Divergence Ⅱ - The next divergence is forming a classical reversal-development with the formation of a double-top in the price-action as the two highs form a horizontal baseline where the price-action rejects while the MACD is developing higher highs in the structure. In this case, the final confirmation sets place when the price-action breaks out below the neckline of the double-top in the structure which is the set-up for the further continuations bearishly to the downside, the best is to wait on the final confirmation before considering moving into. Bullish Hidden Divergence Ⅱ - This classical bullish reversal-formation marks out the potential stopping of the downtrend with two lows building the baseline of a potential double-bottom while the MACD is establishing this lower low structure it is the proper further confirmational part to develop a sufficient bullish reversal which will finally take place when the price-action breaks out above the upper neckline of the double-bottom to complete it and show up with further continuations to the upside. __ Bearish Hidden Divergence Ⅲ - When the price-action forms lower highs that do not maintain new higher highs in an uptrend it is always a sign that the uptrend is struggling and that it is likely to reverse together then with the higher highs divergence in the MACD to form the final bearish reversal has a high possibility to emerge which will validate when price-action moves below the previous lows in the uptrend and continues to the south. Bullish Hidden Divergence Ⅲ - With this form the uptrend and the higher highs structure that developed in the price-action have a tendency to reverse as the MACD forms the lower lows in the structure signaling that the MACD is already doing the markdown that follows also in the price-action. In this case the final confirmation will take place with a breakout below the established ascending trend-line after which a bearish continuation will likely follow up. _____ Therefore moving through all these important different forms the MACD can be a substantial indicator for spotting reversals in the structure when done right. It is always necessary to maintain the objection to the current situation and further technical factors to apply the MACD-divergences rightly. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day as well as weekend, and all the best to you! Information provided is only educational and should not be used to take action in the markets. _____
BYBIT:BTCUSD.PEducation
by VincePrince
20
15Min Trade Signal XAUUSDTimeframe: 15 MIN Trade Signal #Forex #XAUUSD #TechnicalAnalysis #TradingOpportunity #Divergence #TradingSignal Hey traders! 👋 Let's dive into a potential trading opportunity on the XAUUSD pair using technical analysis. 📊 📉 Previously Bearish Trend: Firstly, on the 15- timeframe, we've been witnessing a bearish trend in the XAUUSD pair. 🐻 🔄 Divergence on HH (Higher High): However, it's crucial to note that recently, we have started to observe a divergence pattern on the HH (Higher High’s). This is an important signal that the bearish momentum might be weakening. 📉🔄 📊 Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bearish bias. 📈 Sell Limit Level \ Entry Price: 1918.40 🎯 Stop Loss Level: 1920.85 🚀TP1: 1915.90 🚀TP2: 1913.47 💰 Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade. Happy trading, and may the pips be in your favor! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #
TVC:GOLDShort
by TradingwithBelieve
DIS - Testing Long Term Horizontal SupportDIS has tested it's long term horizontal support @ 79 and it is holding so far. A potential bullish divergence is also seen on its monthly chart which increase its odds for some upside bias for the next 1-3 (monthly) candles. The caveat for divergence is that it only signals a (potential) short term trend reversal, lasting on the average 2-3 candles and does not predict a longer term change. If seen on the monthly chart, then it could mean a potential bounce for the next 2-3 months. And of course, while the odds is good, it is not 100%. While now could be a good time to long some DIS at relatively low prices, there is also a chance that the stock could remain ranged bound for a sometime. Some would prefer to wait till there is clearer momentum (usually above its 200 day moving averge) before establishing a long position Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management (ie stop loss and position sizing) is (probably the most) important! Take care and Good Luck!
NYSE:DIS
by Juliac
FSLY - idea to swing this guyFSLY is in a rising trend with frequent steep pullbacks towards its rising 50 day MA. It appears to manifest a certain swing pattern that is quite tradable Potential to long: 1. when bullish divergence (between price and RSI) begins to appear 3. better if there is also backed by some other supports (eg 50%-61.8% fib retracement levels) 2. wait for 1st bullish candle to long On alert to take profits when: 1. RSI is overbought and one or two small sideway candles begin to appear, or 2. bearish divergence began to form Just an idea! Stop Loss is still necessary if this idea stops working Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management (ie stop loss and position sizing) is (probably the most) important! Take care and Good Luck!
NYSE:FSLY
by Juliac
🔥 Worldcoin Bullish Divergence: Is This The Bottom?WLD has seen a very long period of selling after it initially launched on Binance (as happens often with newly added tokens). However, it appears that this token might have bottomed for the time being. I'm seeing strong bullish divergence on the daily RSI chart. The price made a lower-low, while the RSI made a higher-low, which often signals the start of a change in trend. Still, this is a risky token and a risky entry. However, the potential gains are very high. I'm looking at a longer-term target of 3 USD, potentially even higher next year.
Long
by FieryTrading
16
#GBPNZD buying opportunitutechnical confluences for buying: 1- price is in overall bullish long-term market structure, which seems like followed by a bearish corrective move. (as it seems till now) 2- price has reached 4H timeframe 200 EMA and failing to close below it. 3- In 1H timeframe price formed double bottom and also we have double bullish divergence formation between the last two swing low in 1H time frame, which add to possibility of bullish move. In case this analysis materialize we expect price to at least test its previous lower-timeframe high if not break it to the upside in the direction of higher timeframe
Long
by mohemati
🆘#PERP N-type structure was broken, and RSI diverged.DUMP!🧠The first is the divergence of the RSI indicator, which shows that most investors are leaving the market at a profit. But we cannot open short positions based on this yet, because the uptrend is not over yet. But when we see the N-shaped uptrend broken, we are convinced here that the downside is coming, so we set up a short position✔️ ➡️Now we intend to lock in more than 80% of the profits and move SL to breakeven.
Short
by wolf_king888