Rsidivergence
Will Eth Continue The Climb?There are a few things to pay attention to on the chart here
- First we notice that price has reached a convergence between a short term down trend and long term up trend, the implication here is that we should expect a break out
- Second we also have a support level that we are retesting here forming a potential double bottom
- Third we notice that the RSI is show us some bullish divergence, we have a double bottom on price but a lower low on the RSI.
- Finally on the MACD we can see that the lines are showing signs of curling up indication that there could be an incoming bullish cross
Over all we see signals that a long here would be a solid trade using the uptrend line as our stop / invalidation level
*** Caution ***
This is a 4 hour chart - these trades are typically going to last 3-5 days so stay on top of it
EURJPY - Head and ShouldersCan't wait for market to open and I'll dive in for a shorting opportunity on this head and shoulders setup. EURJPY may collapse beyond the head and shoulder setup as the RSI Divergence is spotted on the daily chart which may be the start of a trend reversal setup.
IGL - AB=CDIGL has AB=CD pattern along with RSI positive divergence. Can be bought at CMP or wait till 378.50 PRZ... Targets on chart
(EURUSD) Euro has started the corrective moveI am expecting a further sell on EURUSD
reasons:
✔a breakout of the bearish trend
✔RSI divergence
✔ a strong resistance serving as new support for sell
✔ a complete 5 wave impulse structure must be followed by a corrective move to minimum of 38.2 fib level
Hindalco - AB=CDHindalco has abcd pattern along with rsi negative divergence on daily chart. Targets on chart...
#Gold - #XAU/USD - Unpopular chart looking at this on monthly we are in the parabolic run, if I have learned anything from trading #Bitcoin this doesn't end well.
I don't think we will be able to break above the previous high, we are printing Bearish diversions on the weekly timeframe, sooner or later this is gonna dump down hard!
depending on the HIGH of this rally i will target at least 0.705 Fib level for take profit, will keep you posted in the timeline
The descending triangle that we have broken has targets of 2076 but I think we will dump first before reaching that target
Bataindia - Falling wedgeBataindia has falling wedge with rsi and macd positive divergence. targets on chart...
ETH/USD bearish RSI divergence: signalling possible correction?We can expect a pullback in the price of ETH/USD after its 30% rally over the span of just 5 days. The bearish rsi divergence displayed on the 1h chart suggests that this correction might occur soon. Also note the decreasing volume at each new swing high and the close proximity of the current price to its line of rising resistance.
Zoom out and you will understand...73b for a video service????? come on get serious
1. Easy to copy paste it
2. How much money do you expect companies to spend on video service over long term?
Waiting for RSI divergences on multiple timeframes, there is a chance it will go up to 100b and then the real fun will start... with 2 hands & 2 feets i am going to short it there without a stop loss...
