$BTC 12h RSI trendline retesting breakoutBollinger bands are retracting and the RSI on the 4h is diverging, potential breakout here to retest resistance around 52k trendline
Rsidivergence
NZDJPY - Head and ShouldersDepends on how you read your Head and Shoulders. I'm waiting for the right shoulder to form at 76.26, which is near the zone of a Bullish Shark Pattern in the 1-hourly chart.
Time to Buyshowing good rsi divergence in 1H and 4H time frame.
take profit along the way and move your SL accordingly
Potential BTC Bounce OpportunityAlthough things have not been looking great for bitcoin these past few days, it looks like there is a possibility for a reversal over the next few days based on the current trend.
For the past few months, a falling wedge has been forming (dashed green lines) for BTC inside of a larger wedge (dotted blue lines) which looks like it might be in the form of an ascending triangle pattern (both of which are bullish patterns) which may bounce around the 61.8% Fibonacci retracement level from the latest high.
The bullish pattern looks further confirmed by three touches on RSI (dotted yellow line) indicating hidden, bullish, continuation divergence. If there is indeed a reversal, there is a possibility for a bounce out of the inner wedge toward the top of the outer triangle which would potentially form a cup and handle pattern if it continues to play out upward.
However, I should note that if the outer triangle breaks downward (which is quite possible based on other trends such as the S&P or QQQ), then I would imagine further downtrend is in the realm of possibilities.
It should be interesting to see how it plays out over the next few days and indeed feels like a somewhat trepidatious trade, however, I always feel like those moments are often the best times to make a move. But please take caution is all I can say.
That being said, as always, this is not meant in any way as financial advice and is only my opinion, but please like or comment if you agree or have any further thoughts.
ONTUSDT (Future) (Short)in 1 Hour time Frame
-All points are marked in the chart
-The bearish is clear
-Determining the entry point based on the break of the trend line in the RSI indicatore.
-There is a Hidden Divergence Bearish ( RSI Indicator).
-A support area is also seen in the RSI Indicator.
*Targets:
Due to the market turmoil, several targets have been indentified and saving must be required.
-profit: 10%
+Disclaimer
This is not financial advice.
The content of this analysis is subject to change at any time without notice.
$CRO Divergence on D timeframe.✅COINBASE:CROUSD
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
Possible Targets
➡️ Test support line
➡️ Forming divergence on RSI - D timeframe
➡️ Last impulsive move up to 1.20$ by end of Bull cycle
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EURUSD-Weekly Market Analysis-Dec21,Wk1On the Daily and 4-Hourly Chart, the EURUSD has displayed a Bearish Trend and on the 1-Hourly, an Uptrend. This is my prefered setup as I could potentially sell at the High and exit when the price went lower.
I'm waiting for a retest at 1.1322 or preferably a Double Top with an RSI Divergence to engage the trade.
update idea !!!we can update last analysis by this analyse.
support line extended and in this analysis use normal chart (non logarithmic).
2 rule can set. if break resistance line and pullback we can long on it and if resistance line worked the 5 wave confirmed and after break support line we can use short.
see macd and rsi resistance line !!!!!! can create a new bearish divergence.
%%%%%In the previous analysis you could get at least 7% in short.%%%%%%
wait for chart .
Is it time to invest in China?KWEB is a China technology based ETF.
Top 10 holdings by weight:
Tencent Holdings ~ 10.62%
Alibaba Group Holding ~ 10.32%
JD.com ~ 7.21%
Meituan ~ 6.99%
Pinduoduo Inc ~ 6.97%
NetEase Inc ~ 4.71%
Baidu Inc ~ 4.27%
Bilibili Inc ~ 3.83%
Trip.com Group ~ 3.82%
JD Health International ~ 3.32%
Fundamental Analysis
China’s stock market pullback this year has been in line with the average annual drawdown (approximately 30%); historically, this volatility has tended to produce double-digit annualized gains.
In terms of seasonality, over the past 20 years, October has been amongst the strongest months for the Chinese stock market.
Technical Analysis
The 50sma has been tested as resistance 3 times before. A breakout above the 50sma could signal a significant change in trend.
The RSI has shown a positive divergence, as the last three times, we tested the horizontal line (blue arrow), in each case RSI is showing higher lows.
USDJPY Bearish DivergenceOANDA:USDJPY
Bearish divergence is apparent at RSI on increase in price which shows weak momentum.
If price is unable to make higher high, then trend reversal is confirmed. In that case, my first target will be between 0.5 and 0.618 Fib level on 1H timeframe.
Please support the idea and comment below.
Thanks and Good luck.
USDJPY - Head and Shoulders PatternUSDJPY is one of the rare charts that has all three Major timeframes, namely the Daily, the 4-hourly and the 1-hourly chart in Bullish Trend.
While the 4-hourly chart has a Bearish Head and Shoulders setup, at this moment the structure holds.
Trend Traders or traders who are looking for a buying opportunity can wait for a Double Bottom with RSI Divergence forms at the projected completion of Head and Shoulders to engage the trade.
Double Top Retracement ZoneIf you are a Double Top trader, you would know that it is not about the strategy but where it was formed.
One of the struggles that traders have is, "Where is the end of the Double Top Pattern?"
There are ways you can learn to identify the potential completing zone or you can wait for the Double Top to complete.
Yeap, "Wait for it!!"
You can then look for a shorting opportunity when the market passes 61.8% retracement and does not close above the 100% mark, in short, previous high/ violating the previous high.
In this case, the first target would be the immediate low. I will exit the trade on the candle body and not at the lowest wick.
Leave some tips for the waiter right?
Another important filter I will need to have is an RSI Divergence.
This will be something I will be creating, 1) A Weekly Education Content and at the end of the trading Week, a meet the trader session and LIVE discussion on the topic of the week.
What do you think?
USDCAD - Key ResistanceUSDCAD reached the key level of resistance in the daily chart. With a pin-bar or a long shadow, the candle do get me interested in shorting it.
Wait, an RSI Divergence as well?
I'M ALL IN!!!
Let see how it goes.
While we have this kind of feeling when we spotted a trading setup that meets the analysis we have done days and weeks ago, we have to remember those losses as well.
Know your stats and manage your risk well.
How much would you risk for a trade like this?
Comment down below.
NZDJPY - Bullish ButterflyIf you had joined us last night, you would have seen how we use the Double Top Retracement zone and project a Bullish Butterfly completion that hit our final target level.
The market sort of did a rebound after it "woke up" from the ungodly hour.
Check out the live stream and you can see how the analysis was done at , you could watch from the start and learn how the zone was plotted.
www.tradingview.com
EURUSD approaching support zone.EURUSD has been trending lower for a while. It should bounce around 1.1390/1.1420 zone close to the harmonic potential reversal zone from the ABCD pattern and the extreme impulse wave. The RSI is diverging with the currency pair arguing for the exhaustion of the bearish move.
GBPAUD - 5-0 PatternA Bullish Shark Pattern has taken place on both 1-hourly and 15minutes charts of GBPAUD.
The market has reached and touched the 5-0pattern formation at 1.8358. If you like the deal to be sweetened, you can wait for the retest at 1.8366 without closing above 1.8368 for a shorting opportunity at the retest of the previous high.
Some traders would read the retest as double top, but it is not a double top.
Has BABA Finished Looking for Bottom?BABA showing a potential breakout from bullish RSI divergence while hitting a strong area of support on 1D timeframe.
I will be watching the $145 - $138 range closely for support in the coming week.
Bull Case
Expect PA to retest and find resistance at the $158 region.
A break, retest, and support of $158 would act as confirmation of likely further bullish momentum.
Bear Case
Retest and rejection at $158 could see price push below $145 - $138 support band.
A break below these levels could see PA push lower to $125 - $122 areas.
If $125 - $122 support is broken PA likely to reach ~ $100 level.
The Trade
Basis: $150.73
Stop loss: Watching for a daily close below $135 and will reevaluate then.
All areas of support and resistance on chart derived from Price action, fibonacci clusters, linear regression analysis and corresponding intersection areas of aforementioned.
GBPAUD - Bullish Butterfly checkbackA bullish butterfly pattern checks back and it retests the previous candle wick that complete the butterfly pattern with RSI Divergence.
If this is for you. a Deep Gartley Pattern and Shark Pattern formed on the daily chart for a buying opportunity.
Based on the daily chart it is a trend trading(buying) opportunity for trader.
Bearish Divergence at PCZ of Bearish Crab on Shiba InuLets see where this takes us, if we can get back below the 1.618 i suspect there will be a quick, bearish and volatile move downwards.
GBPJPY - Bearish BatIf you have engaged after this candle closed. It is a great call. And this is why you should have engaged in the trade.
1. It has reached the completion price of the Bullish Butterfly Pattern(cyan).
2. Bat Pattern consolidation at D, but fail to break and close above Point X of the Bat Pattern and that is a good sign. It attracts structure traders to hop in.
3. Long shadows appears, showing a strong rejection of the Bearish Bat Pattern.
4. RSI Divergence is a good sign of GBPJPY weakening.
Solana!!!! Bull Flag a trap ? In my recent Analysis on Solana I've published About the Bull flag formation in SOLANA
Well its our good that We are Still in profit according to that analysis but Today I have spotted a bear divergence in the RSI
So that means Solana will break in near future ?
Well Reversal can be seen in near 2 or 3 days but can not be much powerful. I also drew the Support zone which is at almost 129USDT,Most probably it can take support from there . Never the less Crypto Alts are dependent on Bitcoin only and BTC showed a massive cup and handle formation also the crypto total market cap On this basis only I am assuming bears are not powerful
However I'm eagerly waiting for your point of views fell happy to share in the comment box !
Best of luck for your trades !!
