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Rsi_divergence

That is a strong trend line!!hello everyone Last week candle was a big red one for almost 80% of cryptocurrencies, and for the last couple of days we saw the same behavior until 12th of Apr. Since then we have been moving in a channel in between resistance level of 18.30$ & support level of 17$( it was mostly the trend line). For now we have divergence in RSI in 4 hours ,so the price may fail to break the resistance level and go back to our support level (or trend line) or worst ....
by HubAlgo
1
Descending Broadening WedgeBrent Crude Oil has fallen quite far from its yearly high of $135. That was almost two months ago. Ever since the price crashed down to $100 in less than two weeks from the high, the price has been swinging very nicely between Fibonacci levels. I had done some analysis of that in a previous post. However, today I will be analysing two chart patterns that have formed. The first that has already broken out is a flag. This is a specific chart pattern that forms after there has been a quick steep price rise (pole) and then a consolidation period (flag). The second is a descending broadening wedge. Ideally from my learning, you want the flag patterns and any chart patterns to be on the daily timeframe. That is how I learnt it, I have had some success trading chart patterns on a short timeframe and I have largely seen other people do the same. However, I don’t know if this is just luck or actual trading. So, I will still use them just for educational purposes so that you may know what would be the case if it was on the daily or weekly frame. The flag pattern has already broken out so there’s no point in analysing it apart from getting a price target: Difference between bottom of pole ($99.938) to the top ($107.086) = $7.148 * 0.46 (percentage meeting price target) = $3.28 Add that to the bottom of the flag ($106.003) = $109.29. The Flag pattern has already broken out and reached its price target. So the main focus will be the Descending Broadening Wedge. Breakeven Failure Rate for upward breakouts: 18% Average Rise: 32% Throwback Rate: 62% The bottom of the pattern has found support at the 0.62 Fibonacci level. The price, ideally, should touch (not cut) the trendlines five or more times. A good split between the two trendiness. That isn’t really the case here. However, the volume has been trending upwards. This is of course ideal. The price target for this pattern is quite simple for upward breakouts, it's just the peak. So that would be $110.632. This trade may be a quick one, however. The pattern has formed between two Fibonacci levels so the price may rebound once it hits the upper level. Also, as you can see from the Stochastic RSI (upper Indicator on the bottom) a bullish cross over has emerged. Also, the MACD (lower indicator on the bottom) could possibly be closing in on a bullish cross over. Well, this is a bit embarrassing because by the time I finished my analysis the pattern broke out and reached its price target haha.
OANDA:BCOUSDLong
by BlackbearTrader
ADA/USD: Bullish movement to $1.13 USDCardano forming a bullish rising wedge that could to forming a bounce from this area. But I prefer to wait until Cardano make another buy confirmation using this EMAS to find up best buy when Cardano make this confirmation. But we would need to hope a pull back in the zone of $1.05 USD approximately to trade ADA in H1 timeframe. And also, as we forming a bullish divergence, this signal was confirmed and Cardano it's leading to the bounce right now. Cardano forming a bullish divergene clearly in H4 tiemframe and this chartist pattern bullish rising wedge. But in fundamental theory this will be a bullish movement to the upside. So guys, I hope that this idea support you to trade cryptocurrency, and also ,I will allow to trade in short term in H1 timeframe t find opportunities in crypto.
BINANCE:ADAUSDLong
by harisonhbn9718
NEOUSDT & NEOBTC GANN Hello traders,,, Today I will show you my idea about NEOBTC& NEOUSDT NEOBTC is now having a Gann trend support and it is really important that NEOBTC stays above this resistance or we might go back to old prices, if new could stay above this support (2 daily close) we might go to 0.000577 then 0.000599 and last target is 0.000682 If this scenario happened this will affect at NEOUSDT because if NEO get bullish versus BTC ,, NEOUSDT will go bullish too so if NEOBTC go bullish our target at NEOUSDT 25.39 then 27.2 and our last target is 28.69 :) NEOUSDT is now having a golden resistance (0.618) using fib extension if NEOUSDT could break this resistance with good volume we might see our targets and now for RSI in both charts there is NO DIVERNGES that mean that our ascending channel is not strong enough to make the price go bearish BUT IT COULD HAPPEND IF WE NEO DOES NOT BREAK RESISCTANCE Conclusion: If NEOBTC get bullish NEOUSDT is likely to have the same. This analysis has done by using Gann methods and Fib extension and RSI indicator & chart pattern if you have any other opinion please feal free to share it in the comments below ,,,,, Remember in this oscillatory market try to enter with volume Have a nice day :))
by hazem44
Hawks vs Doves, the battle of CNH…CNH1! Birds of different feathers are likely not to flock together! As policy divergence continues between the US Fed (Hawkish) vs the PBoC (Dovish), we expect the Dollar to strengthen against the RMB on a macro level. On the technical side, we see a bullish RSI divergence (prices making lower lows while RSI making higher lows), suggesting that momentum is nearing the end and potentially reversing. We also note proximity to the long-term support level since 2014 as an additional bullish factor. Entry at 6.355, stop at 6.2955. Targets are 6.580 and 6.720. Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
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CME:CNH1!Long
by inspirante
13
Daily Technical Analysis (Brent Oil)In the chart above, Brent Crude Oil has just broken downwards from the 0.38 Fibonacci level. The second red line from the top is another level of support that oil has broken out from. Also, the Stochastic RSI diverged (Top Blue Rectangle). Since these events have occurred, the price of oil has been decreasing. If oil carries ongoing downwards to the 0.5 Fibonacci level then we could see some good level of support, Stochastic RSI has also just diverged (Bottom Blue Rectangle). So, following this, the yellow line shows my price prediction. If oil carries on going down it could find some support at 0.5 and then rebound upwards. Then the price could find some resistance at the 0.38 level and if the buying power is strong enough the price could breakout upwards. If the buying power is not strong enough then oil could come back to the 0.5 level. Possibly even break through the 0.5 level, but that in opinion is not that likely.
OANDA:BCOUSD
by BlackbearTrader
Shiba Inu Smart Money Divergence Calls for a Potential BottomShiba Inu (SHIB) suffered a deep correction of about 80% from its all-time high of $0.00008864. However, recent price action development signals a potential bottom and a trend reversal. Often, major swings (highs or lows) can emerge when an asset is diverging from a benchmark index that tracks the market's overall performance – in technical terms, this is called relative strength. Relative Strength Signal If we compare SHIB's price against the altcoin index ALTPERP, which tracks the altcoin average market performance, we can observe that Shiba Inu shows relative strength. To measure the relative strength, we can compare the highs and lows of the two assets. On the one hand, SHIB's price has printed a higher low, which shows a shift in the price structure while, at the same time, the altcoin index printed a lower low. This tells us that Shiba Inu is outperforming its peers within the altcoin market. We can't currently call a bottom based on the relative strength signal alone because the current bounce lacks momentum. However, if we study the RSI oscillator, we can tell that most RSI readings are below the 50 mid-level, so the bearish momentum still persists. For a reversal to happen, two major things need to happen: 1. The RSI needs to break above the 50 mid-level 2. SHIB's price needs to break above its 200-day simple moving average Looking forward: The first major resistance level comes around the $0.00002662 level. On the flip side, the support level comes at the big round number of $0.00002000.
by cryptohopper