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Divergence

NVDA - near longer term supportNVDA has a bullish divergence on it's weekly chart and it finally came true today with a gap up today. It tested a longer term support zone (115-120) last week and this support is holding so far. Having already retraced almost 78% of its post covid swing (AB), I am willing to take a position in NVDA right now with an initial stop loss just below this support zone @ 115. Whether this rally is yet another bear rally remains to be seen. Will protect with trailing stops along the way. 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:NVDALong
by Juliac
1
DXY is testing a major resistance area After a massive rally of dollar, people were selling everything to buy dollars. now dollar is testing a 10-year resistance. which means we could definitely see the massive corrections in other markets. including bitcoin or stocks. I believe bitcoin is not going below 18k for time being. bitcoin is probably heading toward 30k - 32k area. within few weeks. (Only if DXY unable to break huge resistance area) also, bitcoin was very oversold which means the market will eventually have massive correction. We can also see the huge monthly RSI divergence. which means the momentum is shifting. Last 11 months rally was huge and the whole world economy collapsed due to dollar bull run. i think now it's time for dollar to get a good correction. if we take look SRI LANKA economy vanished into thin air. also, country like Pakistan were struggling to keep up with the inflation. DXY has huge impact on $BTC however Bitcoin was still performing better than worlds most powerful currencies. NOW we need to take a look at CPI report in order to take further action. 13 OCT is the big day.. that's when we are going to take action. Have a good day :)
TVC:DXYShort
by Bitsleader
RSR - 4H Bearish DivergenceRSR has shown incredible positive price action in the last days, skyrocketing from ~$0.005 to $0.01 in a matter of a week. I was expecting a tiny correction from $0.008 area but instead price jumped ~20% up. Higher highs on RSR price did not follow with the same pattern on RSI and MACD, making me believe that a small price correction vis-a-vis negative outlook on public markets, cyrptocurrencies in general and overall geopolitics. Opened a short in area $0.0096, targeting $0.0092 and below. Trade cautiously as the token is experiencing positive traction and lot of speculation.
Short
by crypto_angelz
RSR - Short -bearish divergence short termRSR has been experiencing very strong buying momentum over the course of the past days, galvanized by the upcoming mainnet launch at beginning of October. Price action has been generating higher highs, reaching top of >0.0085. RSI and MACD have been crunching lower highs instead, suggesting we might experience a bearish divergence which can push prices lower in the short term. Please note that the token might experience high volatility given the mainnet launch as market will follow the old adage, buy the rumour sell the news. Would position with a short, but with tight stop loss
Short
by crypto_angelz
Fri 30th September 2022 Daily Forex Charts : 7x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 7x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a EUR/JPY Buy, EUR/USD Buy, GBP/AUD Buy, GBP/JPY Buy, GBP/NZD Buy, GBP/USD Buy & NZD/CAD. A few of these are high risk and there is obviously a lot of correlation on the GBP pairs, so be aware of risk % per trade and overall risk. Enjoy the day all. Cheers. Jim
Long
by JAGfx
14
BTC Short Squeeze spotted-CVD and Order Flow for the win!BTC Short squeeze spotted-CVD and Order Flow for the win! (Long Trade!) Why it's important to be able to read order flow and CVD. So many youtubers get super bearish at support and super bullish at resistance. I show you how I spotted the short squeeze before it happened and my reasons for entering a long trade on BTC Not Financial Advice. DYOR. Papertrade before trading with real money. Hope you have a profitable trading day! Shawn
BYBIT:BTCUSD.PLong
by zartraderguy
2