UPDATE Bullish Shark Completion & Emerging Divergence Shark Pattern in Play: Following our previous analysis, BINANCE:SOLUSD has completed the Bullish Shark pattern at the 0.886–1.13 retracement of the 0-X leg. Price action is now reacting around this deeper PRZ, suggesting a potential reversal may be underway. DMI Delta Divergence: We’re seeing...
Overview On the weekly timeframe, BINANCE:SOLUSD has shifted gears since our last analysis. Previously, we flagged a bearish divergence—higher highs in price paired with lower highs on the DMI Delta—hinting at weakening momentum. Price has since declined, and now it’s tapping into a key demand zone, completing what appears to be a Bullish Cypher harmonic...
Overview On the weekly timeframe, BINANCE:SOLUSD has continued to print higher highs . However, the DMI Delta indicator is signaling lower highs , creating a notable bearish divergence . Meanwhile, price action is tapping into a significant demand zone but has yet to break decisively through it. Why This Matters - Bearish Divergence: When price...
Bullish Bat Pattern on SOLUSD I’m currently tracking a Bullish Bat pattern on the SOLUSD chart, with price nearing the Potential Reversal Zone (PRZ). In addition to the harmonic structure itself, I’m looking for RSI divergence and DMI Delta shifts as confluence signals that buyers might step in. 1. Pattern Overview • The Bullish Bat typically consists of...