As observed on the chart, GMTUSDT on the hourly timeframe has a bullish RSI divergence and it is simultaneously showing weakness in its bearish trend. Its price is highly likely to move up until its CHOCH zone. Once price taps this zone it would probably continue its bearish trend and give us an entry for a short position. However if the CHOCH zone is broken,...
As observed on the chart, the price has created a double bottom on its demand zone while having a bullish RSI divergence. If the trendline and further up the neckline is broken, we can expect a strong bullish trend and therefore a "LONG" position would be possible to open.
As observed on the chart, the price has entered its bullish gap and is also on its 0.382 Fib level. The price is expected to bounce back up from here and therefore has given us a "LONG" entry.
In relation to yesterday's analysis, CRVUSDT has reached its first target and has delivered a profit 7% (SPOT). From this point on, if you're keeping your position open, please make sure to place your SL on your entry price in order to make this trade risk-free.
As observed on the chart, the price has a bullish trendline which has already been broken, furthermore, the price is currently in a trading range. It is likely that this trading range is going to be broken towards the bottom, which could in turn enable us to open a short position. However please keep in mind that if the trading range is broken towards the top, we...
As you can see on the chart, the price is currently in its supply zone and we can also see a bearish RSI divergence. If the bearish RSI divergence is broken, then we can expect the price to break its supply zone and that's when we can open a long position. However, if price continues to show weakness in its bullish trend, and reacts to this supply zone, then we...
According to our previous analysis, DYDX was rejected at its supply zone, gave us a short entry and generated a 15% profit without leverage. I hope you this analysis came in handy for you.
As you can see on the chart. The price is currently in its resistance zone and if the candle closes below this zone, we can conclude that it is highly likely for the price to first touch its bullish trendline, and secondly it could easily break the trendline and reach the support zone visible on the chart. Please also note that we've got a hidden bearish RSI...