XLM seems to be finally splitting from XRP's downfall. We are deep into a major resistance area with a nice double bottom forming as well as hidden divergence on the RSI. Entry - 0.00000525 After a bullish confirmation candle above the downward trendline Stop Loss - 0.00000480 Target - 0.00000820 over 6:1 risk/reward
Looking at the 4H chart, XMR just broke into a major structure area which has resulted in huge price bounces in the past. This major resistance level also shows a bullish hidden divergence within the RSI indicator as well as a double bottom. Entry - around 0.00620 after price action has broke the the falling trend line. Stop Loss - 0.00560 T1 - 0.00789 3:1 Risk ratio
Once the trend is broken a new bull run will be in effect. Targets are : 1) 0.00014880 2) 0.00020560 Stop loss - 0.00005300
Does ADA/BTC have volume to push it toward 0.000041 (target)? Lets see how this one plays out on this Bullish pennant.
Possible bounce on resistance for approximately 30% profit.
Good confluence here. Price is now reaching the 1st demand zone, possible breakdown to the next lower buy zone. There is also bullish divergence with the stochastic RSI and MACD indicators. Outlook depends on price of BTC
This coin has a very definitive demand zone that has held for 3 months. If price reverses in this zone expect a 40% increase.
I'm new to TA, please provide any insight into this idea. Looks like bearish divergence on the 4hr chart. Expecting a market drop based on the MACD and RSI signals.
Will it bounce or continue the downtrend?
The confluence is real with this one!!! At the bottom of bollinger bands, nearing the support trend line, RSI almost oversold, CCI is extremly low. Everything is lining up to show upward movement soon. Let's see where this takes us...
Looking for a possible triple bottom to occur. If we break the downtrend line then a continued upward movement is confirmed.
Looking at the 2 hour chart it looks like a large pennant continuation pattern with a breakout occurring. RSI is diverging from price action as well. First TP mark is 0.00035.
The price action is tightening in this pennant. Possible bullish breakout soon to ATH's
Showing a bearish divergence at a key Fib line with the RSI and MACD. Watching for a possible entry and move up towards 0.0102 Support level
Hitting two support lines simultaneously.