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Macddivergence

Three Reasons Why There is High Probability For Sell Position InMACD Divergence With A New Supply For Sell Position On XAU/USD. There are a few reasons to look for a sell position in XAU/USD: 1. In the wide picture – 1W chart, the price has just arrived into a strong resistance zone. The last time that this happened was about a year and a half ago but back then, it continued to drop to 1160.00 zones. 2. In the 4H chart, there is a remarkable divergence between the MACD indicator and the price. While the price creates a higher high, the MACD creates a lower high and that divergence indicates that the recent uptrend is now powerless. 3. In the 1H chart, there is a new supply above. The last demand of the recent uptrend has broken out by this supply. This indicates that the supply is a strong one and is also on the right level to open a sell position, only if the price retraces there. The demand below will be the final destination for this sell position.
FX:XAUUSDShort
by the5erstrading
Double head and shoulder, decline to 0.5 fib / parabolic advanceWe have now seen a sharp move in the direction which indicates a correct or change in direction. After a yearly high at 9100 we have seen a decline to 7600. This change of direction we saw the 30th of May which also turned out to be a possible head of a big head and shoulder formation. This is yet to be confirmed however there are several things that indicate that this could happen. - At the 7600 level another smaller H&S is forming, which would also be the right shoulder of the bigger H&S. Both of the possible H&S that I see would be confirmed in the same (blue box) area. - The MACD is showing divergence not only on 4h timeframe but also on the Daily. - Usually before a big move we see very low volume. The volume is currently close to be as low as when the big move up started in the end of April So if all this plays out, where will BTC be heading in the coming weeks. I think it is very likely that we get a decline all the way down to the fibonacci level 0.5. This is a very common retracement level for BTC from the previous years. Some people argue that we are currently in a parabolic advance. If that is the case then we might not go all the way to 0.5. Lets see if the H&S will complete and we get further down side but wait for confirmation.
COINBASE:BTCUSDShort
by madsroland
TRV monthly chart has a huge MACD divergenceThe MACD divergence on the long term chart of TRV indicates prices should be near the $128 level. The topping pattern forming on the daily seems to add credibility that this move is over. The daily chart closed near the low today and the MACD on daily is diverging down. Those who follow other time frames will note the weekly while in a large double top too of course, has no MACD divergence. No point in fighting the tide on TRV though. Will look at some puts tomorrow not too far out of the money.
NYSE:TRVShort
by AIQ_Systems
Daily Market Analysis - BTCThe market found some support and is up to $177.13B today. Dominance has dropped to 55%. The current alt market was caused from a 2% shift in dominance meaning if BTC spikes and the dominance raises to 57%, there are some alts that will be seeing some new ATLs. The price of bitcoin is testing resistance at 5500. Over the past 3 days, we have seen each daily candle close with a wick, which tells us there are willing participants to buy at the 5300 price point. The TRIX and MACD have remained above the zero line indicating a sustained uptrend in the overall price action. There is also a price divergence on the MACD. That is why I am more bullish on the price action over the next few days, I believe ranging or an upside break is more likely than a downside break. The large deficit of the Kumo could signal a quick re-test of low levels of support.
COINBASE:BTCUSD
by SpektreSignal