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Convergence

EURAUD At Key Resistance - Long/Short Ideas in playW1 - bearish hidden. Expecting further continuation lower. D1 - Potential bearish divergence H4 - Potential bearish divergence. In the long run i'd look for sell setups only. However in the mid-short term scale, we might be taking advantage from bullish as well as bearish opportunities. It is all based on resistance where the price is trading at the moment. Valid breakout above would mean possible bullish opportunities. Bearish convergence on H4 + impulsive structure would suggest bearish continuation.
by VladimirRibakov
2
BTCUSDT 4H | Bitcoin market overview: Price dropHello, dear subscribers! In the previous review, we considered the main case scenarios in the bitcoin market. The bears successfully took the initiative, the resistance of $61,000 and $59,200 were broken through, after which the price rapidly fell to $50,931. This was followed by the correction, in which the bitcoin price is currently. At the same time, there is a situation, which tells about the soon continuation of the fall. Successive rising peaks of the RSI indicator together with successive declining peaks of the price form a pattern, which, if the $53,000 break down, can correct the price to $45,000. Also the decreasing value of the OBV indicator shows a consecutive decreasing value. A bearish scenario remains the most likely in the bitcoin market as the bitcoin price is under the $57,500 and $59,000 resistance levels. The scenario described above will be broken if buyers manage to secure the bitcoin price above $57,500. Until then, the bitcoin market is in bearish hands. Subscribe to the channel and stay tuned!
Short
by CatalystsFinance
ETH/USDT : Buy setup | RR 7.8 | Breakout from bearish trendline BINANCE:ETHUSDT Hello everyone 😃 ETH has formed a double bottom in low timeframe and now it's trying to break the bearish trendline. MACD is being Bullish and BTC starts to recover after filling lower GAP. By the way it's not recommended to take any position with high leverage ! 🔴 Don't take any position before breakout ! Use 1X - 3X maximum. 📌 We are currently into a no trade zone level; So Watch for your risk management.. DYOR !! Use trailing Stop-loss. Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
13
Buying Energy dipTechnical Analysis / Trade Setup There could be a trade coming up next week in energy. The 50sma has worked as support 2 consecutive times, and could potentially do it again. This level is also coincidental with the 50% Fibonacci retracement level & 2020 highs; which suggests this support level has more strength. Backtesting Data There is a very interesting discrepancy between stocks within the energy sector going on; where most stocks are above the 200sma, byt below their 10sma. --> From 1979 until today, there has only been 12 times where this has happened... What did it mean going forward? Energy was up 70% of the time looking a year later, with an average of 27%. Fundamental Analysis Bull case for energy: Oil is priced above the level at which the average company can cover expenses; Supply has declined with lower production and OPEC compliance; Large diversified energy companies have strong balance sheets and access to capital; The ongoing recovery of the global economy bodes well for returning oil demand Bear case for energy: Oil demand is still down significantly. Valuations are opaque. There is weak long-term stock price momentum. ~ For the full article on sector view, send a message and I will be happy to share the resources I have. ~
AMEX:XLE
by dorfmanmaster
5