Bearishdivergence
"Swing Trading COIN: Bearish Divergence and Golden Pocket Setup"Confirm bearish divergence on RSI: Wait for a clear bearish divergence on the daily RSI chart for COIN .
Watch for a break below the 50 EMA: Keep an eye on the price action and volume to confirm a break below the 50 EMA. Volume increasing as it breaks 53.66 could signal a stronger bearish move.
Enter short position: Once the break below the 50 EMA is confirmed, consider entering a short position at a price level slightly below the 50 EMA. Set a stop-loss order at 58.10 to minimize losses if the price moves against the trade.
Set take-profit level: Set a take-profit level at 44.62, but consider taking into account the whole golden pocket between 52.78 and 43.78. The golden pocket is a Fibonacci retracement level and could act as a significant support level.
Monitor the trade: Monitor the trade closely and consider moving the stop-loss order to a trailing 5% once the trade is 15%+ in profit. This can help protect profits in case of sell exhaustion. Also, consider oversold levels as the price approaches the profit target.
Note: This trade setup strategy is based solely on technical analysis and does not take into account any fundamental factors that may affect the price of COIN. It is important to conduct further research and analysis before making any trading decisions, and to only risk an amount you are comfortable with losing.
Bitcoin Short Term Sell IdeaD1 - Price respected a strong resistance zone and is bouncing lower.
Bearish divergence.
Price still has room lower towards the key support zone.
H1 - Bearish trend pattern.
Currently it looks like a correction is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
RSI BEARISH DIVERGENCE ON WEEKLY & DAILY CHART. Hello to everyone,
As we can see there is a bearish divergence in RSI & PRICE on weekly & daily timeframe. This is indicating that price has not much momentum to go upside. We can expect a trend reversal in stock price but only RSI divergence does not confirms the trend reversal. If any bearish candle or bearish pattern forms than only we can go for the short position.
Traders, if you liked this thread , write in the comments. I will be glad.
Attaching previous idea of ITC
Solana Bearishly Consolidating at the HighsSolana has shown some Bearish Divergence on the RSI as it's Bearishly traded within an Upward Sloping Channel unable to crack above previous support; if this continues on into tomorrow we could see it crack below the channel and begin a move back down towards the level of $9.81 and if it bounces there it could easily make another lower high before then crashing down to $4.16
BTCUSDT BEARISH DIVERGENCEHere we can see that BTCUSDT in 1 day time frame is forming a bearish divergence and if the MACD line cuts the signal line we can get a confirmation for the divergence. So we can take SHORT TRADES in any alt coin also the price has a major resistance zone at the current price.
EURUSD Short Trade Setup📉💸📊👀The EURUSD pair has shown a bearish divergence on the 4-hour chart, and it looks like it's ready for a potential reversal. I am taking a short trade at 1.0636 with a stop loss at 1.0734 and a take profit target of 1.0553. Keep an eye on the price action and adjust your positions accordingly.
#EURUSD #ForexTrading #ShortTrade #BearishDivergence #TechnicalAnalysis
BTCUSD: Bearish Divergence at Potential Future NecklineBTC has been forming what looks to be a big Inverted Head and Shoulders pattern at the 0.786 PCZ of a Macro Bullish Cypher and today it tried to make a higher high but failed to maintain relative strength. Now we are in a scenario where it is quite likely that BTC will retrace from here and form what would be a Potential Right Shoulder to test $20k-$16k one last time before ripping to the upside.
ACHUSD: Pullback To Form Potential Inverse Head and ShouldersACHUSD has some Bearish Divergence on th RSI at the list price and the 200SMA and looks like it could be setting up for a Pullback. If it pulls back we should look at the potential for it to form a Right Shoulder that could lead to a bullish breakout on a later date.
AUDNZD Short Term Sell IdeaD1 - Price has reached a key resistance zone.
Bearish hidden divergence followed by continuing bearish divergence.
H4 - False break with bearish divergence.
If the price breaks below the last low at 1.09283 with momentum I may then expect short term bearish moves to happen here.
Alternatively if the price moves higher breaks and holds above the key resistance zone then this bearish view will be invalidated.
LDOUSD Bearish Shark: Likely to Crash Down With EthereumLDO is at the PCZ of a Bearish Shark at the sametime ETH is at the PCZ of Bearish Bat and Both a reacting negatively to the PCZ and showing Bearish Divergence, ETH is also the most bearish looking coin on the market as can be seen in the related Ideas tab below. I think that ETH and LDO will be losing most of their value very soon while the rest of the non DeFi Centralized coins like BTC and Doge, and LTC will only take a minor hit by comparison.
AUDCAD - Looking To Sell Pullbacks In The Short TermD1 - Bearish divergence.
Currently it looks like a correction is happening.
Expecting short term bearish move towards the key support zone .
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
EURCAD Short Term Sell IdeaH4 - Bearish convergence.
Uptrend line breakout.
Currently it looks like a correction is happening.
H1 - Bearish trend pattern.
Until the two strong resistance zones hold my short term view remains bearish here.
A valid breakout below the most recent uptrend line would be the validation for this bearish view.
BULLISH into BEARISH ScenarioTSLA has momentum to move to 180 area. (This needs to happen before FOMC meeting)
I thought Tesla was finished here, but momentum is strong and puts are piling in, I think we may see a continued rally to 169,if we close above 167.55 on daily or weekly, Tesla could hit 180 by Tuesday, before selling off
Technical Bullish Patterns:
15min- Bullish pennant breakout - measured move to 170-175 (close below 154.5) invalidates (false break-out)
Daily: H&S Pattern measured move to 175-181 (close below )
Technical Bearishness:
1 hr - Bearish Divergence on RSI, MACD, STOCH
200 WMA: 167
currently oversold on BB bands
Bearish Catalysts:
-1/27 PCE Prices higher than expected
-1/31 employment cost index higher than expected
-1/31 Bad Tech earnings
-2/1-Fed Drops Market on Feb 1st (FOMC decision) **** I think Fed will tank the market