Bearishdivergence
Technical Analysis: EURNZD Bearish ButterflyHello Traders,
Below is my Technical Analysis of EURNZD.
EURNZD has formed a bearish butterfly pattern with points X: 1.79369, A: 1.7442, B: 1.78702, C: 1.76273, D: 1.80786. The current price is 1.80379. Expectation for a drop to 1.78808 in the coming weeks. Additionally, a bearish divergence is noted on the Awesome Oscillator, indicating weakening bullish momentum.
Cheers and Happy Trading.
#GER30 bearish continuation moveAfter an impulsive bearish move in the GER30 last week, the price is now forming a bullish corrective move and a rising wedge pattern, which typically has a bearish bias.
Additionally, the price has reached the 1-hour 200 EMA, which could act as dynamic resistance. There's also a bearish divergence between the price and the momentum oscillator on this timeframe.
These factors together suggest a bearish outlook.
#GBPCAD bearish scenarioBearish divergence in the 4H timeframe, as well as price failing to create a new high, shows potential weakness in the uptrend.
Furthermore, from an Elliott wave perspective, it seems like we are at wave 5 of 5, with a high potential for a bearish move from here.
In the 1H timeframe, we can see that the price managed to break below the previous higher low, successfully changing the structure towards bearish in the 1H timeframe.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
#AUDNZD bearish move possibilityAs can be seen in the chart, we have bearish divergence in the 4H and daily timeframes, suggesting that the price might have reached the end of its bullish move.
Furthermore, in the 1H timeframe, the price has managed to shift market structure towards bearish by breaking below the previous higher low. Now, the price seems to be completing a pullback to the broken short-term trendline and previous support zone, which now act as resistance.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
GBPNZD - Bearish Breakout + DivergenceTaking a look at the 1 hour timeframe, it's quite noticable that we have a clean breakout to the downside along with bearish divergence with RSI.
This isn't much of a surprise as this pair is heavily overbought on the daily and weekly timeframes.
Next week we get the latest policy decision from the BOE which likely will contribute to stirling weakness heading into the meeting.
Bitcoin Head and Shoulders dip to $60,500OKX:BTCUSDT has created a classic Head & Shoulders pattern on the daily timeframe. If it confirms below the neckline, we could see a pullback to $60,500 - the same distance from the peak of the Head to the neckline from the breakdown.
This is not actionable until it confirms, when a candle closes lower than the first candle closing below the breakdown.
Given the institutional interest and price manipulation, this could be turned around by market makers, so I won't be entering a short, or exiting my spot positions, until I see confirmation on the daily timeframe.
However, I could also see those who manipulate the markets wanting a lower entry for large amounts of institutional capital - so the price could likely be manipulated either way. What the chart tells us is this is a big bearish signal to be monitored.
There is also a Bearish Divergence on the RSI, which isn't actionable by itself, but does add a layer of confluence.
AVAX/USDT is about to do a Bearish movement!!!Hi.
COINEX:AVAXUSDT
Today, I want to analyze AVAX for you in a 3D time frame so that we can have a mid-term view of AVAX regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
AVAX reached the resistance but could not break it. Also, we have a bearish divergence on MACD and RSI that the price will soon decline.
✅ Due to the Descending structure of the chart...
- High potential areas are clear in the chart.
- DIVERGENCE ON MACD
- DIVERGENCE ON RSI
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Regular Bearish Divergence on the 4H UNI/USD (Uniswap)**UNI/USD 4H Chart Analysis**
As we examine the 4-hour chart for Uniswap (UNI/USD), a noteworthy pattern emerges, signaling potential trading opportunities. The price trajectory is forming higher highs, a bullish signal under normal circumstances. However, a deeper look with the Commodity Channel Index (CCI) reveals a contrasting picture. The CCI is making lower highs, presenting a classic case of bearish divergence. This divergence suggests weakening momentum despite the rising prices and could foreshadow a possible reversal.
Moreover, UNI's price movement above the weekly pivot point, which stands untouched at $7.432, draws attention. Typically, untouched pivots act as significant levels of either support or resistance. In this context, surpassing this pivot without retest might indicate it as a plausible target for initiating a short position, particularly if other indicators support a downward shift.
Traders should monitor these developments closely, considering the bearish divergence and pivot dynamics, to refine entry and exit strategies in the coming sessions.
AUDCHF 4H Analysis: Bearish DivergenceAUDCHF's recent trend exhibits bullish behavior with prices achieving higher highs above the R1 monthly pivot, suggesting strength. However, beneath the surface, signs of caution emerge.
The Commodity Channel Index (CCI) displays lower highs, creating a bearish divergence against the price's higher highs. This divergence hints at weakening upward momentum, urging traders to stay vigilant.
Further signaling a potential shift, the Moving Average Convergence Divergence (MACD) teeters on a bearish crossover . Such a move could forecast a momentum downturn.
Additionally, an untouched monthly pivot at 0.58496 beckons, potentially drawing prices down in a correction.
Compounding the cautious outlook, the Relative Strength Index (RSI) retreats from overbought territory , aligning with indicators suggesting a cooling phase may be on the horizon.
In essence, while the bullish trend above the R1 pivot indicates strength, emerging signals from CCI, MACD, and RSI suggest a momentum shift, with a pullback to 0.58496 as a conceivable target. Traders should monitor these developments closely and adjust strategies accordingly.
NASDAQ: Potential Bearish Reversal - Short SetupThesis:
Geopolitical uncertainty (war) may trigger risk-off sentiment.
Sideways price action suggests distribution pattern forming.
Bearish divergence on higher timeframes indicates weakening momentum.
ABCD pattern supports a potential reversal from the distribution zone.
Entry:
Short below the distribution support level (yellow rectangle on your chart).
Stop Loss:
Above the distribution resistance level (yellow rectangle on your chart).
Target:
Open to interpretation based on your risk-reward profile, but consider key support levels below.
Risk Management:
Clearly define your risk tolerance and position size before entering the trade.
Notes:
This is a swing trade idea, so a longer time horizon may be required.
Keep an eye on news and economic data releases that could impact market sentiment.
Manage your trade actively and adjust your stops as needed.
AUDNZD - 4H - RISING WEDGE - Short PositionIn this chart we have observed a Rising wedge in which price is continuously rising and volumes are started shrinking. In this condition the buyers loose interest in buying on that high price. So as we spotted a Bearish Divergence and it will take a slight dip to the TP we suggested.