Wanchain setting up for 2.70 in AprilWith MACD divergence, reverse head and shoulders and breakout of this triangle, expect WAN to be at $2.70 during this ALT season.
Macdivergence
A bullish case setting up for BKYI Beginning trader and technical/fundamental analyst. This is posted for entertainment purposes only not trading or financial advice.
BKYI looking bullish to me. Like these names that are down at the bottom of their range with significant support over time. Could double by just returning to the 50% of previous high a little less than a year ago. Finviz shows low share count, no debt, and some insider transactions. P/S a little higher than I like. Own some of this name already, full disclosure, and looking to add to my position. I'm risking to 0 and not using stops.
Believe the company's products will be valuable going forward in the current administration.
finviz.com
NASDAQ:BKYI
NEOUSDT - Showing multiple divergence, time to take a trade :)Hi Traders!
On 1h chart of NEOUSDT, I found both MACD and RSI formed divergence, and an uptrend is about to reverse.
So it's time to take a short position to book some profit.
Entry SHORT - 45 USDT
TP - 42.75
SL - 46.62
Risk/Reward Ratio - 1.77 :)
GBPCHF - Huge MACD Bearish Div with 4x Test of 1.297001/2 Month uptrend after 50/200 EMA crossover followed by bearish momentum shown on MACD
Strong signals to sell as MACD crossover and histogram displays negative.
Tested 1.297 4 times with strong resistance.
SGEN Bullish DivergenceAs indicated on the chart, SGEN entered oversold territory at the end of October which was immediately followed by a Bullish RSI divergence. We can see that price just bounced at support line that has been holding strong since May and at the same time we received a bull signal from our MACD. SGEN is down over 40% since May and considering the strong bullish indications I believe this is an excellent buy opportunity.
EURJPY Neutral status 22/01/2021here we have 2 scenarios of Bullish and bearish,
the price action shows a higher chances of bullish rally but at the same time we can see Bearish Divergence on MACD,
so we can wait and see or use this chart as a template and apply your analysis and find your confluences with it and choose a side
personally I am bearish on it but as I said there are risk on this side too
we have specified some Support and Resistance levels where you can target
for bearish we can target the intersection of our trend lines which is at 123.66
please comment your opinion for us
I apologize for the messy chart... :)
IWM Reversal Incoming?IWM has clearly benefited from the “sector rotation” out of tech, but I think this run is about to fizzle out. The run up was on a dwindling volume. RSI is currently way overbought. The MACD and Stochastic combo are signaling a divergence. Couple this with a potential bumpy week ahead- FOMC, bond yield, and the spooky quadwitching- and I feel like IWM is a prime put candidate.
XAUUSD - GOLD - Buy Setup From The Bottom Of The Daily ChannelD1 - bottom of the channel.
H4 - multiple false breaks + bullish divergences.
M15 - bullish impulse.
Expecting bullish moves from this zone or slightly lower. Looking for bullish setups on the pullback.
SPX in a Descending Broadening WedgeEquities are selling off as interest rates on long-term Treasury bonds continue to climb.
The SPX has broken out of an ascending parallel channel and is now trading near the top of a descending broadening wedge.
If this pattern holds, the SPY could fall below 365 before finding support.
The MACD and Stochastic Oscillator confirm this bearish trend:
- Weak bearish divergence on the MACD
- Stochastic is near overbought condition and falling.
Furthermore, the 1h 200 EMA has crossed above the 50 EMA.
HEPA - Bullish DivergencePrice has continued to make lower lows on the monthly, while the stoch & MACD indicators have continue to rise, which should imply bullish divergence. Interested to see how it plays out.
If you assume price will hit the kijun-sen on the ichi moku before rejecting thats a ~1080 point movement.
Time to go long ETH/BTC?The ETH/BTC pair has been consolidating in a falling wedge through the month of Feburary and is well-positioned to break out to the upside.
The price is nearing the VPI point of control and 0.5 Fibonacci retracement level, so we can expect some volatility if a break out does occur.
Furthermore, the Stochastic oscillator is oversold (now trending up) and there is a bullish MACD divergence (as shown in yellow).
If ETH/BTC returns to its early Feburary high, this trade will yield a nice return with relatively low entry risk.
Good luck!
BTC Bullish? Or Bearish fakeout? Is 70k up and coming? Crucial!Right now Is a crucial point in BTC! Can we start the. Bullish uptrend straight to 70k now? Or will we dip down to low 40's- high 30's and fly up from there?
I am super long on BTC for a long time and Am going to be super long until 450k!
250k is my prediction by December 2021!
Lets go BULLS!
GC1! Gold Price DivergenceWith Gold falling below its November low of 1862, we might get short term bearish on the price of gold.
HOWEVER
Bond yields are rising for 2 potential reasons; economic growth or inflation outlook.
Though short-sighted wallstreet may think a major recovery is on the cards, the US market was in dire straights before covid already.
Inflation prospects is thus higher probability.
Also, see the MACD / Price divergence on Gold.
Gold might bounce from these levels.
Wix to $404 before Feb 23Wix new price target: $ 404
When: Before Feb 23
Growth: 14.7 %
Buy: YES
There is no clear bottom here, but the Stoch is showing some strength signal, if this is the bottom, then expect these results to happen...
Trade at your own risks
Paypal $344 before March 8Paypal new price target: $ 344
When: Before March 8
Growth: 18.6 %
Buy: YES
If this is a defined bottom... Shows only on MACD so potential is there, but we need to see what happens..
Trade at your own risks
Upwork to $65 before March 8Upwork new price target: $ 65
When: Before March 8
Growth: 20.3 %
Buy: YES
If this is a real bottom, expect Upwork to continue up..
Trade at your own risks
What is a bearish divergence?What is the Moving Average Convergence Divergence (MACD) Indicator?
The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator. The indicator tells us the relationship between two moving averages of the security price. To determine MACD subtract the 26-period exponential moving average from the 12-period exponential moving average. There is a nine-day exponential moving average of the MACD that is used as the "signal line." Whenever MACD crosses the signal line that is an indication to sell or buy.
The histogram indicates strength. Dark green means the bulls are stronger. Light green means the bulls are weak. Dark red means the bears are strong. Light red means the bears are weak. The centerline for MACD is 0.
What is a bearish divergence?
A bearish divergence occurs when the price rise to a new high but the indicator new peak is lower than the previous high peak.
Forecastability of the bearish divergence
The bearish divergence indicator predicts a bearish future for the stock. However, do not assume a bearish divergence will be bearish all the time. There is an exception: in a strong bull market, the bearish divergence will transform itself and the uptrend may continue.
Thank you for reading!
Greenfield
Remember to click "Like" and "Follow" to see more articles.
Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
Price rising and continuing its upward macro trend at LINKUSDT Technical analysis regarding the price of CHAINLINK in relation of dollar Tether for the next scenarios, based on 4 hour movement.
Price forming rising tops/bottoms ~upward trend~ and has been respecting this channel. So far there has been no disagreement with the MACD, if any, even better to confirm this bullish leg.
Exponential Moving Averages taking parallel spacing and that of 34 periods guiding the price.
Target prices suggested in the graph.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Is the Market Due for a Correction?The SPY has been trading in an upward parallel channel since November - briefly dipping below during the selloff last week before sharply recovering.
I believe the market is due for a more extended correction for several reasons:
- The MACD and RSI are both displaying negative divergences, which is a bearish signal.
- Furthermore, the On-Balance Volume (OBV) is trending down. This indicates that smart money (aka institutional money) is flowing out of the market, possibly because they are anticipating a market-wide correction.
- The SPY could continue trading to the top of its channel, which coincides with the upper Bollinger band and the 0.618 Fibonacci trend extension. Each of these indicators can act as resistance as the price approaches from below.
I will likely take some profit and/or hedge agaisnt downside risk with UVXY calls before the end of the week.
Good luck trading.
Interesting Price action an Unknown Asset.I was just scrolling through my saved charts and came across this asset i had never heard of before, but the price action looked interesting and i wanted to chart it for fun. Lets see how it plays out. SL above the red shaded at $10.20 area and Take profit around $9
SNOW rebound forming! NYSE:SNOW
keep close eye on SNOW, currently on the last wave of five, and 4 hr MACD already shows divergence, if Tech rebound, SNOW will form a pretty support for the days to come!
How To Understand And Trade With The MACDWelcome Traders!
In today's trading episode, you will learn what the MACD is and how to use it to find trade setups. No indicator can predict market moves perfectly, but this is a good indicator to have in your arsenal when you trade.
Take time to practice what you learned in today's video.
Until next time, have fun, and trade confident :)
