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Rsidivergence

ETHEREUM FINDING BULLISH MOMENTUM (LONG) or RSI Divergence?HI GUYS, I'M FIRST TIME POSTING ANALYSIS. Ethereum (ETHUSD) 1 Hour timeframe -> Short formed W. This is a make or break level and indicates a higher low with strong bullish momentum. The neckline of W can be a perfect entry ONLY WHEN price breaks the neckline (Black horizontal line - 3334) with strong momentum which will also result in 50-EMA breaking which indicates a strong buying level. The target will be a risk to reward of 1:2 which comes out to be 3463 (or you can exit at 3450 as well which was important support for previous days, so it can becomes strong resistance as well). Stop loss will be below neckline of Short formed W (3269) Therefore only take entry when : 1. Strongly breaking horizontal resistance level (3334) 2. Breaking neckline and top of short W (same levels - 3334) 3. Breaking 50 day EMA strong Once you have these 3 confirmations, you can take a trade and try for 200 EMA target as well while trailing stop loss. RISKS OF TRADE : Conversely, if the current levels do not sustain, we can see sharp selling with RSI Divergence where the power/momentum of ETHUSD has increased at same price levels (3334). This means it is in overbought zone and will likely to fall till RSI gets a support or comes around 40-42.
BITSTAMP:ETHUSDLong
by raghav_tradeit
3
Possible retest of support and RSI divergenceHey everyone, Binky here! First time posting, hope everyone can get some insight into what I think could be a turning point for the short term on ADA. Looking at the 1H chart we can see a clear down trend being formed, higher lows are being formed along with lower lows. The current levels of support based on my analysis appear to be $2.20 and $2.00, with resistance being met at $2.44. RSI shows somewhat of a divergence with higher lowes and lower highs being formed with low volume and lower prices coming in while it rises, could this be a sign for an even further dropping of the price? My personal price targets are looking at $2.10 following the channel only IF support is broken at $2.20 with the possible risk of having the price drop even further than $2.00 if it does not hold. This is all just dubious speculation of course, take everything with a grain of salt. Thank you for taking the time on reading my first post! Good luck out there and I hope everyone can make some nice gains and get in at some better prices :)
COINBASE:ADAUSDLong
by BinkyBucks
3
AUDCADIN AUDCAD we can see price is rejecting from its daily and 4H strong reistance zone and now price is forming rising wedge patterns in uptrend which is the sign of reversal one more confirmation is rsi bearish divergence but we need to confirm this after the breakout of rising wedge down side than we entr short position and out targets are wedge starting point which is 0.9284 and if this level break than we try to achieved TP2. NOW talk about stoploss which is very important so our SL is This red resistance zone 20 to 25 pips above this zone.
Short
by naumanfx_
USDJPY-Weekly Market Analysis-Sep21,Wk2Last week, I've shared with you that USDJPY is going to have a Bullish Shark Pattern set up within the 5-0 Pattern and the price to engage on the countertrend setup is 109.73(you can check the link within the TradingView chart and you can find the chart link at the bottom). The final target for the Shark Pattern brings 53pips of profit which is approximately 530USD/lot traded. USDJPY has just completed its Bearish Flag Pattern. I'm waiting for a double bottom, which means the market has to retest and touch 109.62 for a double bottom buying opportunity. This will put the trade setup to be a counter-trend trade and an RSI Divergence will be my minimum criteria to engage the trade and the first target will be at 109.88.
Long
by RaynLim
GBPUSD-Weekly Market Analysis-Sep21,Wk2Two weeks ago, we spoke about the Bullish Bat setup for a buying opportunity, at this moment the setup has brought a total of 238pip, which is equivalent to 2,380USD/lot traded. If you like to catch on the bull run, a retest on the trendline(blue) can create an opportunity for you to engage the trade. The immediate previous high can be your Target1. Counter-Trend Traders can wait for the Bearish Deep Crab Pattern confirmation at 1.3910. Usually, for Deep Crab Pattern, I will wait for consolidation and retest before engaging the trade.
Short
by RaynLim
Tesla's Make-it Or Break-it!Tesla is approaching a very critical spot. There are several key technicals that all speak in favour of it having topped out in January. If that's the case it automatically means that whatever we're seeing right now is the height of its distribution phase prior to rolling over for some serious price damage. Let's go through those technical clues, one by one. 1) We have a textbook primary 5-wave impulse. A normal 2nd-wave correction is a steep price correction. In Tesla's case, we saw a retracement to the 786 fib - one that found support on it with uncanny precision. Equally so, a normal 4th-wave correction is a complex time-based correction - one that typically materialises in the shape of a triangle. According to these standard rules, Tesla abides to both. 2) Whenever you draw a fibonacci retracement from the bottom of a 5-wave impulse and to the end of the 5th-wave, the bottom of the 4th-wave correction statistically aligns with the 618. And so, too, it does here. Naturally, this further speaks in favour of Tesla having topped out for this primary and secular market cycle, as in for a long time to follow. 3) The RSI is our by far best tool in determining whenever a mark-up shifts into a distribution. What happens is that the RSI goes from consistently high levels - often overbought such - to swiftly retrace down towards the green neutral 50-line, upon which it then fails to break above the upper bearish blue line (see the red cirle on the chart). This is a pivot at which the RSI and price suffer syncronised "max pain" and is equally so THE ideal spot to open short positions. 4) The price is currently nearing in on the golden 618 ratio. This is where I will begin to ladder in shorts. Yet, if the price were to slip too far into the zone, I'll release it and re-enter again at the 786. But here's the thing. IF Tesla were to break above this critical zone I will consider laddering in leveraged longs. And there are two prime reasons for that. 1) The long RSI divergence (the dotted red line) is typical 3rd-wave behaviour. This is more standard than not. By that token, it would mean that the current triangular-looking price development in fact is the real primary 4th wave, upon which we can expect a final price pump to the north. 2) A price pump above the red danger zone would mean that the weekly RSI would break the upper bearish blue line, and hence disqualify it entirely. In this sense, as long as Tesla stays within or below the red danger zone a short play is the predominantly correct move from a statistical point of view. This is likely to result in a high risk-to-reward short spot - one in which we can utilise high leverage due to the low risk. If, on the other hand, Tesla were to break above this zone, the probabilities swiftly shift from very bearish to very bullish.
NASDAQ:TSLAShort
by LongLifeTrading
3
ETHEREUM BEARISH RSI DIVERGENCEHello everyone On Ethereum we got what it seemed to be an ascending triangle which is a bullish pattern. The upper line indicates the resistance line. We could calculate the target by measuring the width of the base of the triangle and placing it at the break out point. We broke and the price surpassed the target by a little bit. Currenty it seems like we are forming a bull flag on the daily time frame which is a also a bullish pattern. But from the other hand we are forming a bearish RSI divergence. So i would be cautious trading the bull flag. Always use a stop loss! Thanks *Nothing of the above is financial advice*
by Harryboz
1