supply zonePrice at the supply zone
and in cp(feshordeghi)
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Prices in supply areas and in cp (compression)
reaction to the trend line and the latest bull candle show market decision
RSI Divergence
DONT FORGET DOWN TREND!
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Rsi_divergence
LONG #BAT $BAT // breakout + RSI divergence #basicattentiontokenim ready to long BAT as it formed a bullish rsi divergence on the daily timeframe in the past days and is now testing the 0.78 resistance: if we see a good 1D close above the 0.78 level we can set a nice long order targeting 0.94
stop loss would be around 0.71 for me
let me know what you think about this
EURUSD- DIVERGENCE IS getting strongerhello everyone
Bear flag of the may continues with a red candle on April, but we have divergence both on weekly and daily,
With the price this close to support level of 1.078$ we have a better chance of having a wedge behavior here( weak trend lines may not be in the favor wedge pattern).
resistance level 1.09$
Bullish Divergence in Euro FuturesBasically the same idea that I posted last week about the Bearish Divergence in $DXY but more time has passed, and it looks even more pronounced in the Euro itself.
Pick your poison: /6E, /M6E, EURUSD are all good Long candidates to play this idea. Another good option could be to short /SFX - which is the Small Exchange's US Dollar Futures contract. If you don't know about The Small Exchange, I'd highly recommend looking into their products.
community.thesmallexchange.com
That is a strong trend line!!hello everyone
Last week candle was a big red one for almost 80% of cryptocurrencies, and for the last couple of days we saw the same behavior until 12th of Apr. Since then we have been moving in a channel in between resistance level of 18.30$ & 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 ....
BTC Long-term buying tipJust reminding you that we are in the middle of an extremely important Range. Perhaps the strongest support of the last 2 years. Who wants a safe buy is right above the green arrows with stop below the fibo retracement lines at 0.382 and 0.5... This is what I will do for a long-term buy, in the most this region there is buy day trading and swing
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.
AUD/JPY
Hey guys, we have had one of the biggest rallies in AUD/JPY ever 11 weeks of green. It is in major overbought territory on the RSI on the weekly and negative divergence on the daily with a bearish consolidation pattern and possibly a breakout to the downside which might confirm today. IF it does confirm I will enter a short position target first red line then lower to burn these over bought signals out.
pre good risk to reward options
GBPUSD - Long - StrategyAccording to chart analysis, the RSI indicator shows bullish divergence, AB=CD Bullish Identified, Falling Wedge Reversal Pattern. Taking these points into consideration. Two Plans formed
Plan A:
Entry: 1.31723
TP: 1.33023
SL: 1.30437
Plan B:
Entry: 1.34103
TP: 1.36420
SL: 1.33023
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.
Bullish Divergence The Bitcoin price has created a lower low but the RSI hasn't followed hence creating a higher low which shows us there is a bullish divergence expected. Crossover on the MACD further confirms this momentum switch. I'd expect us to potentially push price back towards the $45300 level before we see any further price movement downwards. We also could break this resistance and confirm the bullish scenario again back towards $50k.
BBIG LONG WeeklyNASDAQ:BBIG
$BBIG on weekly looks bullish after breaking the short trend (orange line), last week retested the trend, RSI on weekly show divergence, potential Fibonacci goals are shown on the figure.
Asking price now @ $2.77
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 :))
3 indicators to eliminate false signals This is Matic/U.S Dollar and I'm using 3 indicators to help with eliminating false buy/sell signals.
1) MACD
2) RSI x 2 ( 25 & 100)
3) Supertrend
New to day trading crypto but these are super helpful indicators and you have to make sure the lines cross in the RSI and the MACD to have a good signal to buy or sell. In the MACD the blue line must cross the orange line to have a good signal.