NuCypher Getting Ready for Blast Off
NuCypher has been funneling into this range over the past two months. It's undervalued in the current market.
I'm also seeing signs of bullish divergence in RSI.
I think a pump is imminent and I have my price targets around $.80-$1.25 in the coming months.
Let me know what you think!
Rsidivergence
33% Move on the horizon!This is really a big move if I'm right on this one.
I see the RSI being more oversold while the price is higher.
Which means that it is more extraordinary that the price is coming to such a low point.
This gives me a very bullish sentiment.
Also. the resistance on the ascending triangle turned support in the past few hours!
TARGETS
To the downside we would see a price declining all the way to 24K
To the upside we could see a 48K bitcoin. Huge stuff
Happy trading!
BULLFLAG! ATH NEARINGAnother Bullflag just appeared. if this breaks out. I'll see the ATH very close.
TRXUSDT Possible bullish reversal up to 5%based on rsi divergence and there's also 3 point of resistance before
Possible bounce before fall and forming bullish reversalPurple colored line and curve is my prediction.
not really sure if I'm doing it the right way, so if bullish divergence on RSI should happen it should be when the price go lower but the RSI go higher. therefore a bounce is needed to get stronger RSI with lower price.
15 Mins Bullish Divergence on MACD and RSIalso followed by bullish engulfing pattern.
last time I check the divergence also happens on 1H timeframe.
USDJPY - Double Top on Shark PatternWell, after a long wait this is a great setup to consider for your long waited shorting opportunity.
TRXUSDT: Possible Bullish ReversalSo the idea was based on RSI and MACD indicator divergence, if the price break through the red line maybe it would pump to a higher price
📖 A Guide to RSI Divergences - By Trading-GuruIn this guide I will walk you through the three main different kind of divergences and explain to you how you can spot them.
I also show you the extreme power RSI divergences have by looking at BTC/USD and mark them on the chart. It's quite special to see all these three kinds immediately after another, and it's really nice to see them all working out here as well.
Obviously, no signal will not provide a 100% success guarantee. But this text-book example on the BTC price showing how they work out every time is great for both learning and profit taking.
It can be very hard to trade an asset that has seen such immense growth and nearly vertical upwards momentum. Using RSI divergences you will still be able to predict price reversals and trade successfully. So let's take a closer look at the three different forms of RSI divergences that I cover here on the chart.
Exaggerated Divergences
Exaggerated divergences are similar to regular divergences, but are considered weaker and less predictive variations. The term exaggerated refers to a circumstance where either the oscillator or price makes an equal high or low.
Regular bullish divergences and regular bearish divergences both have two exaggerated variations, so there are four exaggerated variations in total. In this case we look at a bullish version where the price is consolidating the but the RSI shows an increase in momentum.
Hidden Bullish Divergences
A Hidden Bullish Divergence is considered a continuation signal in an uptrend. It refers to a circumstance where an oscillator reading falls down below its previous low, while price is still higher than its previous low.
Hidden bullish divergences are most likely to occur in the middle of an uptrend – often after a healthy pull back – and indicate that the uptrend will most likely continue.
The starting point of a hidden bullish divergence should be a clear swing, not just a red candlestick.
Regular Bearish Divergence
A Regular Bearish Divergence is considered a strong reversal signal in an uptrend. It refers to a circumstance where price rises and makes a higher high, while the corresponding oscillator reading is still lower than its previous high.
Bearish divergences are most likely to occur in strong uptrends and signify that upward momentum is weakening. A reversal – or at least a pull back – is then expected to follow. Regular bearish divergences also appear in exaggerated form.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
USDJPY-Weekly Market Analysis-Jan21,Wk2My bias in shorting USDJPY still stands, in fact on Monday morning I may just engage a trend trading trade by shorting USDJPY on this Shark Pattern as long as the market didn't gap away from the current price. What's nice about this setup is that not only the shark pattern form within the sell zone it is on an RSI Divergence.
US2000 RSI divergenceUS2000 shows RSI divergence on the daily chart. In my opinion the price will fall to February 2020 highest price around 1700.
Open: Market open
SL: 2155
TP: around 1700
Tezos XTZBTC Price at Demand zone | Bullish DivergencePrice made really good bounce from this zone after touching the demand zone
if able to make good bounce from the demand zone than we will buy the retest nearby the demand zone
Also big Bullish divergence forming on 4 hour chart which is also bullish
GOOD NEWS FOR XRP BUT FIRST...BULLISH DIVERGENCE ON RSI AND MACD, XRP REACHED THE BOTTOM?
LET ME KNOW WHAT YOU THINK...
USD / CAD en 1HOn a une belle divergence avec le RSI, donc mon avis le USDCAD va monté !
Vos impressions SVP! Je suis débutant !
BTC Dominance, time to correct? Time for alts rally?Like in my earlier post on BTC, This is BTC dominance chart also showing weakness like it is seen on BTC USDT.
volume is getting lower and lower to previous volumes,
macd histogram is not getting enough momentum anymore
RSI printing a bear div...
as well as dominance approaching resistance.
All this combined together shows that btc may be approaching a top and due for a correction, or better still a consolidation while alts get the spark.
Many alts are having bull div already and some already have random rallies ut sadly enough not holding the grounds.
Is it time for alts rally?
BLNK A Little Too ExpensiveThere's no doubt BLNK has had a meteoric rise over the past few months. Gains YTD are up over 2,500%. This is a company that I think has a bright future (no pun intended), but not at this valuation.
Current price is trading at multiples of 344x of sales, 95x of book value and 104x cash.
Most recent 10Q shows me that:
GP is up approx 122% from 3Q of last year while Operating Expense is up 38%. OPEX increase was largely in part of increased compensation and G&A expenses.
Operating Expense now represents 292% of Revenue compared to the 364% reported same quarter last year. So the company is growing.
Here's the downside. Share price is now based on a valuation decades into the future.
Chart shows that we've got RSI divergence along the highs so expect a pull back. I'm interested buying but at the right price.
AUDUSD - Sell Zone S&RShorted base on structure target, the first target goes to the previous low and extended target to the second target.
Gold - Head and ShouldersGold(XAUUSD) has been pretty choppy, it makes it difficult for trend traders. For those who have a bias on bullish gold may find it difficult to short this trading setup even it is a great head and shoulders setup with RSI Divergence.
Trade Engaged and looking for the opportunity to long Gold once it has reached my target profit area.
$TTD Cool Off, Big FellaI mean... it's gotta cool off sometime right? Divergence on the RSI is clear now. I'm looking for a pull back to about the $850 level. Confirmation during this similar situation in late Sept/early Oct came with a break of the RSI downtrend line. Overall bullish as Revenue accelerates and Gross stays in the 80% territory.
SPCE Possible ReversalSPCE showing signs of a possible reversal. Gathering/consolidating support along a previous significant resistance level. Volume has typically tapered lower during downtrend which we currently see. High risk play entering right now, I'd like to see more confirmation first before entering (RSI divergence along lows or break of pinbar printed on 11/30.
Heavy eyes on the 1/15/21 $25c and $30c. Volume seems to be focused there.
Leave a comment to discuss!!!
