BTC Divergence, confusingMonths of bear divergence and hidden bull divergence broken when we made our real lower low supported by that lower high. our bulls divergence + hidden bear break when BTC get its higher high but that situation isn't supported by a higher low we made lower low instead, we had our 2nd bull divergence, but it's unclear because we can potentialy had a hidden bear because RSI relatively goes higher and our value relatively goes lower, will that count as hidden bear? I know my grammar sucks, just share what's your thought, i'm genuely confused here. Months of Bear divergence needed to drag us down will this 1month of bullish divergence will bring us shot up sky rocketing? Edo is confused help Edo out of this confusion lmao. Love ya folks
Rsi_divergence
When will it fly again? 🤔We did break the 46.25, but we quickly went back to the range. That’s fine, as NIO needs more accumulation, and let the BB get tight again. Sooner or later, we’ll explode and by looking at the RSI and considering we are above a support area, it seems it’ll break up!
The problem is that we could be more oversold in the 4h chart, but I’m not complaining. NIO is slowly breaking its resistances, and since we are at a support area, the risk-reward is pretty good.
I’ll keep you guys updated about NIO every day.
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Melissa.
Just about to do something great! 👀Just like PLTR, we have an advanced breakout on WISH too, but the price didn’t confirm any buy yet. We are still accumulating, and the Bollinger Bands are very tight. It’ll explode soon, and it looks like it’ll be up.
We are bouncing after we hit the 10.37, and we even went outside the BBs for one moment, indicating some fatigue. Again, we have no buy yet, but I think next week we’ll have our chance!
I’ll keep you guys updated.
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NIFTY Weekly price chart - RSI divergence
Sharing idea after long time.....
While going through charts observed this. Nifty weekly chart is having RSI divergence. RSI divergence is extremely reliable tool to predict price action in near future.
Traders need to go back in history and analyze RSI divergence(Bullish or Bearish) with different price charts.
Have marked Fibonacci levels for reference.
In my opinion nifty will witness correction in near future. It is difficult to tell the level to which it will fall. Price is expected to fall take supports at Fibonacci levels and at up trend channel lines.
This is not trading idea, this is for analysis and learning purpose.
Wish all the traders good luck and lots of profits.... :-)
ETH sitting right on its 20day EMAETH sitting right on its 20day EMA at the moment and approaching the end of another rising wedge ( bearish )- See Previous Charts
- Following an ABCDE pattern from the previous rising wedge it broke below
- Bearish divergence on the RSI
- Expecting further downside, watching for a long-term entry circa/sub $2,000
ETH forming a symmetrical triangle- will be watching closely to see which way it breaks for possible long entries.
- Buyer volume is drying up and bearish divergence on the RSI
- Bearish Gartley formed on the 30-minute timeframe
BTC is STILL BEARISHBitcoin is in very important situation.
It has the resistant area of 41k to 42k ahead and also EMA-200 an daily chart.
EMA-50 is already crossed the EMA-100 downside on daily chart
the RSI indicates that Bitcoin probably is going for lower prices.
in this scenario , the next support level (between 30k and 31k) on daily chart can respond to sellers and bounce the price up again.
So trade whit caution and remember anything is possible.
This might work on OKTA! 👍OKTA has a double top in the 30min, and an RSI divergence as well. This indicate weakness, but it is true that OKTA can do something pretty nice, especially if it drops again to the 20ma.
Things could go wrong if it loses the 20ma in the 4h chart. But OKTA ia almost breaking the pivot at 231.81, and this will make it close the gap at 245.
We see no RSI confirmation, but at least, no divergence too. This makes OKTA interesting, but let’s be careful, because it can drop in the 30min chart!
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Another target hit, but we have a caution sign here! ⚠️Ok, MSFT finally closed the gap, as we expected it would, but now it has some problems, and we must be aware of them. First, we have a divergence on the RSI, indicating some exhaustion. Second, it lost the 257, and although it did a brief recover to the 20ma, it couldn’t keep above the black line.
In our last analysis, I was saying that the gap were at a 261, but in the daily chart it was already closed, and now MFST is indicating more exhaustion.
It can’t break the 260, and it is doing a correction now. I think that now it is time to start selling instead of buying. By hitting the 253 again, I think it’ll give another chance to buy, but I’ll change my bullish bias to a neutral bias.
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This close to hit our target! 🤏Yes, PLTR did break the point we mentioned last week, and now it is almost 1 dollar away from our target.
Even with a RSI divergence, PLTR triggered the ascending triangle, and now the 26.22 is our next stop. PLTR is a great company, which I like to trade, but I also invest at it.
For now, I’ll assume it’ll hit our target, unless it loses the 24.68 again. Then I think it’ll correct, and I would probably buy more shares if it does.
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Watch out this support level on NIO! 👀We have a few things to keep in mind here:
First, it is a bullish momentum, and rn it is just dropping to the support at the 20ma/previous resistance at 46.26. Nothing amazing. But, if NIO loses both supports, it’ll trigger the advanced breakdown as the RSI suggests.
We have a small divergence in the 4h chart, just when we hit a resistance. Also, we went briefly outside the BB, but NIO managed to close inside the bands in the end, which is not a buy sign for sure.
You guys know that I’m out of NIO again, and I’m just waiting for another good opportunity around.
When I’ll trade it again? When it gets closer to a support level, that could be the 20ma or the 42 area.
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Melissa.