Regular bearish divergence with price hitting resistance on goldBearish divergence shown between price and the money flow index indicator shown with price hitting resistance look to go short and target 1/3 risk to reward
Bearishdivergence
DJI STILL MAKING HH BUT LL INCOMING!DJI on the weekly still making Higher Highs.
RSI is showing Bearish Divergence as it is printing HL even though price action is making Higher Highs ;-)
Expect Lower Lows at some point on the Daily TF and Weekly TF.
Major STOCK MARKET correction incoming due to inflation.
Only short a downtrend as this is in a uptrend lol.
NOT FINANCIAL ADVICE.
Ethereum #ETH Weekly - Is $10K possible?From past history, when Ethereum goes into oversold territory RSI at 70+ on the weekly chart, the price seems to show a nice pump. See the chart to understand more.
There are a few issues to consider as well:
1) We are potentially forming bearish divergence
2) Almost 6 weeks of upside weekly candles
3) If BTC has a correction, ETH will follow
Lastly, I drew a few fib levels to watch if a pump occurs, where would we be able to get to. With just about 120% gain from current price levels, we could be seeing almost a $10K ETH.
This is all exciting but we do have a few hurdles ahead.
What are your thoughts? Comment below, hit the like and follow me. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
BTC Bearish Divergence ?If we look at the monthly and weekly RSI we can see that BTC is forming a bearish divergence... but what does this mean?
1) Bitcoin managed every time to reach 97 level on the monthly RSI at its ATH of every cycle. Even in the double top ATH cycles of 2013, both reached 97 level.
2) Bitcoin reached 97 level in May 2021 before crashing in May down to 30k.
3) So either Bitcoin is forming a bearish divergence on the monthly and weekly RSI and will fall this cycle without making double top ATH on the RSI. If this scenario plays out it'd be a first for bitcoin and will take many traders by surprise, or...
4) Bitcoin may have a lot of room to pump so high from here... yet. And this cycle will be lengthened and extended to more months into 2022.
#AXS Axie Infinity 1D - Brewing ActionAXS on a daily chart.
A few things to note:
1) Rising wedge pattern in play.
2) Bearish divergence on 1D chart
3) Bollinger Bands tightening but similar structure forming since last tightening as circled in the chart.
Something interesting is surely brewing here.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
AXSUSDT | short opportunityOn the 1-hour timeframe, we see the bearish divergence formation.
On the 2-hour timeframe, we see a confirmed reversal pattern represented by a shooting star candle "A" with a bearish engulfing candle "B" confirmation.
4-hour timeframe, also represented by shooting star.
We can expect a downward movement with a take-profit target near the "B" support area of $120, but we still need to break through the "A" support area near $140.
Rising wedge and bearish divergence.Non technical indicators that might support this idea;
- ETH gas prices continues to be unreasonably high and ETH 2.0 won't be rolled out until 2022
- Shiba Inu might be a sign of the market overheating (We all remember what happened the last time a memecoin entered the top 10...right?)
Bearish setup for QQQBearish divergence on $QQQ daily. With decreasing volume as we hit new highs, look for a breakdown from the rising wedge. Tech is due for another pullback imo.
Ethereum Short Term Sell IdeaD1 - Price has reached a strong resistance zone.
Potential bearish divergence.
H1 - Bearish divergence.
Lower lows.
Price has broken below the bottom of the range.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect short term bearish moves to happen here.
SHIB/USDT : Where should we sell our SHIBs ? BINANCE:SHIBUSDT
Hello everyone 😃
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 !
#SHIB has broke above the $0.00003484 resistance zone and retest it, Then it showed a bounce near to ATH.
📌 #SHIB may see a pullback by almost 25%–35% by 5 factors :
- Dubbed the Relative Strength Index (RSI); SHIB crossed above 70 on Oct. 3 and peaked around 94 three days later. Ideally, its overbought reading could have resulted in a price correction.
But SHIB continued its rally as the monthly session progressed, eventually rising over 574% to its five-month high at $0.00004860 on Oct. 26.
- On the other hand, #SHIB's RSI slipped lower, thus creating a broad divergence between #SHIB's price and momentum.
That reflected an underlying weakness in the cryptocurrency's ongoing uptrend, raising possibilities of a pullback in the coming days.
- There's a declining on trading volumes three days in a row (in daily timeframe), thus further validating the SHIB uptrend's underlying weakness.
- #SHIB is reaching the ATH's resistance and it can reject the pair in short-term
- Based on FIB extension's levels and the bullish flag target, #SHIB might reverse it's movement from two points : $0.00005106 and $0.00005536.
The 1st target is the FIB's level and it's near to the bullish flag's target, So we use the gap between this line and ATH's line as a possible resistance zone !
But according to the reserves and active liquidation events; We may experience a leg up to the higher target level for SHORTs squeeze and reverse the movement for further advantages on liquidation events.
It's not a technical view, But because of whales activity on #SHIB, We may experience high volatility movement near/above the ATH !
🔰 As you can see there are multiple factors that make #SHIB more bearish above the ATH, SO you need to be caution as we are approaching the ATH..
Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
USDJPY1H Bearish Divergence
Trend Channel/ Rising Flag Pattern
Currently at a Key Zone of rejection
Looking for Bearish Variation for entry and break of channel for confirmation to TP levels.
113.490 - TP 1
113.250 - TP 2
113.020- TP 3
112.800- TP 4
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 !!
Symmetrical Triangle With Bearish DivergenceThis triangle may be looking for a breakdown here which could take us down to our last major support level.
AUDCHF Short Term Sell Idea After Bearish ConvergenceD1 - Price is bouncing lower from a strong resistance zone.
Potential bearish divergence.
H1 - Bearish convergence.
Until the invalidation level holds my short term view remains bearish here.
GBPJPY Short Term Sell IdeaH4 - Bearish divergence.
20+ candles ride on upper Bollinger Band.
Expecting short term bearish moves to happen here.
$BTC Bearish divergence on 4H chart "it is not approved YET"
Stay Calm
check Stop-Loss
then wait what will happen
selling the news2 scenarios in this run up to earnings for TSLA.
1. TSLA beats analysts and does really well this past qtr but with the major disruptions in supply chains and China the past couple of weeks, people can begin to price in not so great numbers going into Q4 and take this opportunity to sell the news.
2. TSLA doesn't do as forecasted and undershoots analysts and performed not as expected, this will be followed by a little sell off once those are announced on WED, + supply chains will also be looked at and forecasted into future earnings going into Q4.
On the technicals we have 2 options as well thats being played out.
1. There was a little fake out in the wedge that has the solid base and upper trend and will resume to the downside effectively breaking down and out of that wedge.
2. TSLA is in a channel highlighted and at the very top looking at bouncing down towards the bottom of the channel line.
Bearish divergence on MFI and RSI and currently overbought on the RSI in all timeframes.
That's all folks
GBPJPY Bearish DivergenceI found Bearish Divergence. And I checked the D1 timeframe where I can mark support and resistance zone and if combined both then we can go for sell.
But be patient and wait for the bearish momentum and retest for confirmation. Good luck 🙂
US Dollar Index Sell IdeaW1 - Price has reached a strong resistance zone .
Potential bearish divergence.
No opposite signs.
H4 - Bearish divergence.
Until the invalidation level holds my view remains bearish here.
If we get a valid breakout below the low at 93.674 we may then consider it as a validation for the bearish view.
BTC May 11, again?On May 11 we were in almost the same spot as now, then we had multiple bearish divergences as we have now. And now we got RSI and SRSI at a higher angle. Macd looks like it will print death cross also. I AM NOT SAYING THAT WE MUST GO DOWN. Just want to point at this situation, as a possible scenario. I personally wouldn't like for this to happen, but it's better to have this option in your cards also. Just heads up guys!!!
I would like to hear your opinions guys...
Good luck traders
BTCUSD - H4 - MBB = LEADING INDICATOR !The Mid Bollinger Band (MBB) worked perfectly well so far in rejecting all downside breakout attempts !!!
Therefore, as long as this support level (currently @ 54'595) hold, it should be seen as a supportive signal,
calling for this ongoing upside move.
Watch also technical indicators (such as RSI) which has already triggered, so far, only a minor BEARISH DIVERGENCE;
nevertheless, a failure to switch from a divergence mode to a convergence mode would be an additional warning
signal, which could trigger a renewal selling pressure calling for lower level.
UPSIDE :
Watch former intraday high @ 56'168 (potential double top !), ahead of the ongoing uptrend channel projection levels.
DOWNSIDE :
Monitor closely 54'595 as the first significant support level ahead of 53'298 (KS) and also, currently
the bottom support line of the ongoing H4 uptrend channel
LUNA to make major moves in October!LUNA needs more time to cool off and play out the major bearish divergence on the daily chart. I am currently watching LUNA to potentially form a complex head and shoulders pattern with the bearish divergence before making its way to a new ATH at the end of October.
