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Rsidivergence

ADABTC looking for that swing opportunityCardano! Shelley! Or just a flop? Buy the rumour, sell the news? Seems like this is what happened to Cardano, with a nice swing high, breaking out from its inverse HnS, together with much news on the explorer, partnerships, Shelley testnet etc. Anyway, enough ranting about old news. So what is the chart telling us now? I'm rather optimistic for the following reasons: - RSI divergence (lower lows on price, but higher lows on RSI) is signalling some reversal pattern. A similar RSI divergence can be spotted at the peak of the Inverse Head. - This coincides with ADA's last bottom at approx 800 sats - 800 sats has proven as a critical level of support - Yesterday's candle closed a 'bullish doji', indicating weakness in the bears to pushing price below the 800 sats range. Regardless, if the bears fail to break this critical support level, likely we will proceed with an upward rally, i'd be looking at the 23% fib or 1080 sats range for the first exit point. Notice that this is a the support level, or the peak of the Inverse Shoulders. The next level ideally would fall around the 50% fib or the previous Inverse Neckline, or 1350 sats range.
Long
by gingerbre4d
2
Trade Ideas Educator: Bat DivergenceThis 2 trade got caught by the market. AUDUSD got back to the entry price, but still within the sell zone and with RSI Div. I will still hold onto this trade till it either hit targets or my stop. NZDUSD, on the other hand is much more tricky. No doubt that is an RSI Divergence as well but the candle break and close above the sell zone forming new high. I will also stick to my plans but what're your thoughts. Love to hear from you what will you do if you had already engaged a short trade on Point D completion.
Short
by RaynLim
EOSBTC looking for the reversal (Short Term)Following up from previous EOS TA, a possible reversal to the upside may be in play Opportunity spotted, looking for a breakout to the upside from most immediate overhead resistance on the 50MA (in green). Clear 3x instance RSI divergence (high highs on RSI, lower lows on Price) indicative of a reversal pattern - compare this against the longer time lines. Target range from 0.00088000 - 0.00090000 range (38-50% Fib levels) Will need a to look out for a clear DI crossover with sustained ADX momentum to confirm this move. This is quite a drastic pullback from the last breakout so risk/reward ratios are quite favourable :)
ELong
by gingerbre4d
2
EUR / AUD - Correction after broke bullish trendlineEUR / AUD - Technically, the pair has broken its bullish trendline. The price failed to hold the breakout of a critical resistance on the red line. We expect the pair to be bearish and move to the green support levels - Support becomes resistance - RSI divergence - Broken bullish trendline I love such entries because risk-reward is good. GOOD LUCK and take entry according to your balance. Please support our setups with your likes, comments and by following me on TradingView, thanks!
Short
by RodrigoPitta
Trade Ideas Position: AUDUSD BatA type 2 Bat has formed up, so what is a type 2 bat, it simply means a retest of the entry level of the bat pattern. Although if the Bat has hit the 1st target during the setup and it is also a counter-trend move, it is not my favourite bat setup for a retest as some traders might have already exited this trade (losing the force to push it up) . In this particular scenario, there is a RSI Divergence and I do see a good potential setup and further extend upwards for a shorting opportunity. That gives fantastic Reward:Risk(RRR), hence, I'm in.
Long
by RaynLim