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Rsi_divergence

RSI divergence in EURUSD and USDJPY suggests DXY down, BTCUSD uphi there, fellows. we've shown in previous idea the inverse relationship between DXY and BTCUSDT. the main components of DXY are EUR and JPY. we see an RSI bullish divergence in EURUSD, as well as an RSI bearish divergence on USDJPY. that being true, DXY won't breakout the 109 resistance, thus now will BTCUSDT breakdown the 19k support meanwhile. coupled with the greatest accumulation in BTC history, we expect an upward move in BTCUSDT in the short term, potentially within 21k2, 22k5 range. that does not change the downtrend on BTCUSDT, nor the uptrend on DXY, rather we see it as a short term relieve. best regards.
Long
by greenfield_br
NG shows weakness and lost momentum !!NG was very bullish at the start of 2022. This massive Uptrend stopped in June and led to a correction at the 0.618 Fib line. After that, NG returns to the same old high, respecting the trend line and forming a significant Resistance. the RSI is showing a considerable divergence as the second high lost momentum to continue pushing higher. A break of the trend line in the next weeks will signal a huge short opportunity as the price may reach the 0.236 Fib line and if it breaks through the 0.382-Fib line as the second potential target.
NYMEX:NG1!
by aminearga
XAU/USD Gold Next MoveXAU / USD ( Gold / U.S Dollar ) Technical Analysis Chart Update Time Frame - H2 According to the Long Time Frame #LTL we have Falling Wedge Pattern and it has Rejected the Bearish Trend from the Lower Trend Line #LTL If we look in Shorter Time Frame #STF we have 2 Strong Levels for Sell ( 1745 - 1753 ) if it rejects from these Levels then we can Enter in Sell Another Thing we have is Strong Buying Divergence in #RSI 1753 is a good Level according to Daily Time Frame and Fibonacci Level - 78.60 as well
OANDA:XAUUSD
by ForexDetective
Cardano Potential Triple Bottom Pattern at $0.40Cardano's (ADA) daily chart highlights the prospects of a potential triple bottom pattern at the $0.40 psychological number. Additionally, a confluence of technical factors supports the bullish case scenario, including the RSI hidden divergence and the 3-months descending triangle. ADA Triple Bottom The daily technical picture reveals that ADA has carved out a double bottom at the $0.40 level and is now eyeing a third to complete a triple bottom bullish reversal pattern. Usually, there is symmetry between the 3 consecutive valleys, which means that we can expect the next bottom to materialize 62 days after the second bottom. This implies that the final bottom can emerge on September 13. While we can't develop an exact date for the bottom, this is a rough approximation. Descending Triangle At the same time, ADA is trading inside a descending triangle as each successive bounce from the $0.40 becomes smaller and smaller. As the price compresses inside the descending channel, we can expect the price ranges to shrink as well. This ultimately will lead to a breakout as prices move from small price ranges to large price ranges. RSI Hidden Divergence The hidden bullish divergence develops when the price makes a higher low, while at the same time the RSI oscillator makes a lower low. This is often perceived as a bullish signal. When we have multiple confluence technical factors lining up, the bullish case scenario becomes much more relevant, and there is a higher chance that the price will work in favor of these signals.
by cryptohopper
1
BTCUSDT Possible push till 26700$Hello Traders!!!! As you can see in the chart Bitcoin is still holding an ascending Trend Line and the price did not managed to break the support of 20700$ in the last correction. If you look at the RSI you can see a clear bullish divergence, which usually precedes ans strong movement to the upside. Taking this in to account i think that the price can manage to hit 26700$ before falling more, this will be a pullback of the previous breakout to the downside of the support (now resistance)of 26.7k. Regards and Happy Trading.
Long
by piccard54
1
BAC expected to rise towards $37BAC stock price is trading at a major Fibonacci retracement level. Price is in bearish trend making lower lows and lower highs. There is no sign of a reversal yet. The RSI is not making lower lows, producing bullish divergence signals. I believe that the most probable scenario is for BAC stock price to form a bottom and signal a reversal to the upside soon, this expected reversal will eventually push price towards $37. I would certainly NOT be bearish BAC at current levels with current technical conditions. I would be looking entry points for long positions in order to trade the bounce.
NYSE:BACLong
by trading2day