Macdivergence
XELA channels and divergencies asking for reversalRSI , MACD vs channel divergency , double bottom ... Seems like a step before trend reversal .
update idea !!!we can update last analysis by this analyse.
support line extended and in this analysis use normal chart (non logarithmic).
2 rule can set. if break resistance line and pullback we can long on it and if resistance line worked the 5 wave confirmed and after break support line we can use short.
see macd and rsi resistance line !!!!!! can create a new bearish divergence.
%%%%%In the previous analysis you could get at least 7% in short.%%%%%%
wait for chart .
NIO could break the downtrend line upwards NIO has been in a decreasing trend since the beginning of the year, which has been confirmed with a couple of bounces. Nevertheless, chances are that the price of these shares break this trend line and starts increasing, having as a first objective attaining $49-50 per share.
The MACD indicator is right now pointing upwards, which means that the two lines that provide its signals could cross in the following trading sessions, providing a more clear buying signal to the market. Therefore, we will be waiting for a breakout signal.
On the other hand, whether the downtrend continues, a triangle figure could end up being created.
WISH - Moving in a descending wedge, possibly breaking up soon..Hi Guys, WISH is moving inside a falling wedge in the daily chart. Two third of this wedge is approximately end of January (blue box) where the price might realistically break the red trendline of resistence and reach the 6$.
If this will happen, next price targets will be the 9$ gap filling and mostly the 15$ level, which represent the target given by the height of the same descending wedge.
In addition to this, MACD on the daily chart is showing a huge bullish divergence which makes pretty realistic an inversion in the upcoming weeks.
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
Alternate Scenario EURUSD📈 CHART & INDICATOR ANALYSIS 📉
Previously on my analysis on EURUSD. I'm biased shorting it.
Here we got an alternate scenario signal from MACD indicator where
it divergence Higher High both on MACD signal line and the histogram.
Which one is your bias, based on naked chart analysis or indicator ?
Let's see where are we going next couple months!
Trade wisely and much loves! ❤️
3 White Soldiers Marching to their GravesHello All,
Bitcoin is seeing some very bearish signs on the weekly chart. We had just seen 3 white soldiers pattern end with an ATH blow off top and grave stone doji. Historically this has marked the end of a run up.
Will it be the same this time?
In my opinion, I believe so. We are seeing a lot of bearish divergence on MACD/RSI. As well as bearish price action from 30k to 67k. Yes, we made an ATH but is this run sustainable for longer term growth? I believe not.
If 53k does not hold, our macro trend is at risk.
As always, be patient, use risk management, and good luck trading.
WAVESUSDT Divergence and Cup and Handle PatternIf you wanna scan candlestick patterns, harmonic patterns , chart patterns, divergences, indicators automatically visit the our website cryptopy.net
ETH at Risk of dropping, RSI Divergence !!!Hello everyone, as we all know the market action discounts everything :)
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The ETH token is at risk of dropping back to the 3000$ level in the next period of time as the chart showed 2 divergences between the market and the RSI and MACD.
when the market has turned Bullish after the Head and Shoulders pattern that appeared on the chart, people took comfort that the Token price didn't drop but today we see that multiple signs are giving Bearish Signals that could indicate that the value of Eth could drop soon.
Possible Scenarios for the market :
Scenario 1 :
The market is trading at 3608.67 right now under a good Bullish movement that broke the first resistance line located at 3539.55. This move will probably push the ETH price to the Main Resistance zone where ETH might have a big problem breaking out from.
If the Bulls were to gather force and breakout that zone then we will see a push that could bring the ETH back to the $4000 level.
Scenario 2 :
A big divergence was found between the Market and different indicators that show a good possibility for a reversal soon and it will start probably near the first resistance level located at 3539.55, If the reversal turns to be True then a Bearish trend will lead the ETH price down and the first stop will be the support level located at 3349.57 and then the support at 3159.59 where we might see a big battle between the Bulls and Bears over control of the market.
Technical indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign)
2) The RSI is at 58.74 showing Great strength in the market but a negative divergence was found which indicates a reversal in the current trend.
3) The MACD is above the 0 line indicating a Bullish state in the market with a positive crossover between the MACD line and the Signal line, A divergence has been found between the indicator and the market
Daily Support & Resistance points :
support Resistance
1) 3349.57 1) 3539.55
2) 3284.42 2) 3664.38
3) 3159.59 3) 3729.53
Weekly Support & Resistance points :
support Resistance
1) 3341.66 1) 3737.47
2) 3109.09 2) 3900.71
3) 2945.85 3) 4133.28
Fundamental point of view :
Ethereum is certainly making strides towards the Ethereum 2.0 completion. Just a few days ago, the project announced the arrival of its Ethereum Altair upgrade. To specify, the upgrade will be taking place sometime this month.
The purpose of Ethereum 2.0’s launch is to fully deploy a Proof-of-Stake consensus onto its platform. This model should eliminate the platform’s long-striving issues of high gas fees, congestion, and limited scalability.
"It seems like Ethereum is losing Steam. As a result, companies are looking into platforms like Cardano , which is used to build dApps, and Solana, which has seen a nearly 4,800% growth since September 2020." According to FXempire
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
EM possible switch from bearish to bullish from MACD and RSI?EM possible switch from bearish to bullish from MACD and RSI upticks.
Red verticle lines placed on 1D lower lows.
Green verticle lines placed on 1D lower highs.
MACD is possible to cross over into positive territory.
PT from multiple groups of ~$13USD.
NASDAQ:EM
Current IXIC opinion and forecastsThe SPY's daily graph isn't looking as good with a few indicators that look very bearish on the daily graph. The NASDAQ on the other hand appears to have rallied out of its slump from the beginning of the day, providing a breath of relief for bullish investors, however, this trend has not been confirmed yet and suggests merely a temporary shift before continuation of the larger trend.
For the current market environment, I won't be relying too much on the RSI as it provides too many signals and that becomes unreliable if you want to swing trade with minimal trades. Although using indicators the shorter time frames are a bit more unclear and speculative, what is certain is in the longer time frames, especially the monthly graph for both NASDAQ and S&P which both suggests that the markets have reached significantly overbought levels since the COVID declines; this may indicate that the markets are more than ready for a good correction to reset before more upside momentum can be made. In the daily graphs, I can currently see a bearish divergence in the peaks of the price action, in the troughs nothing has been confirmed yet as this will build itself in the next few days; this can be supported by decreasing volume over time (this I had to source from QQQ since the index's do not have volume) which indicates there are fewer participants in the uptrend. Thus, allowing me to assert some bearish sentiment for this trend as many are no longer exposing themselves to higher prices.
With all that being said there isn't too much new relevant information to analyze but the most recent trading sessions help us gauge that investors are not ready to give up their optimistic perspective of the financial markets as there is yet not much pessimistic news to allow that sentiment to change. However, with important events lined up for the next few periods that may change in that time. Until then very I am neutral due to the fact that everything can change at a moment's notice. I AM leaning more towards the downside as valuations peaked and investor perspectives grow more irrational.
Have fun!
Henry
$AMC rising wedge and MACD divergenceSince $AMC broke out of the huge wedge on the 20th of Aug, it has been forming a rising wedge approaching the low 50s. However, you can see the 14-day RSI is approaching overbought territory and there is a divergence in the MACD. This is a time to take profit or stock up on more once it reaches 45USD (0.382 fib level)
Bitcoins Needs To Close AboveBitcoins weekly candle will be coming to a close in less than 24 hours. There does seem to be a decrease in volume in the last couple weeks. Also there is a clear divergence with MACD and Price. If Bitcoin does not hold this support level I will be looking to take some profits. Keep a close eye on that level.
The $BAT Man Gaining Strength To Rise Again On CryptocityHere is my idea , first of all the the major element is $BAT breaks its daily fibo retracement 0.382 and supported some how at this level, not only it was the top trend on social medias yesterday, in otherhand it gains the enough momentum to break the RSI Daily downtrend in a blink ! ;)
In 4H timeframe , BAT actually printed the cup pattern and it has a lotf of profit to come az its try to take back its previous target on 1.6920 and we had little divergence between MACD Signal Line and Price changes some how we have golden cross also is 2H timeframe...
So I guess This is what you should keep eyes on it !
Trade Safe , Cheers !
BTC Short to the Bull Market support bands (20/21W EMA)This idea is to short BTC as we have a divergence in BTC raising price and the MACD and RSI.
Although I am bullish long term, I believe we may fall to the bull market support bands. Once we reach the support bands it will be key to see if BTC holds this before estimating future price action.
Take care yall.