Bullish-divergence
LONG IZEA to 6.23, Bullish SharkIZEA is trading off the highs of January after being rejected by historical resistance at 7.10
Bullish divergence on the MACD and bullish RSI gaining ground.
Currently trending toward our 1D resistance of $5.54, and seemed to have put in a double bottom above our previous weekly close but would not rule out a retest.
The bullish shark harmonic and the golden mean of the fib retracement both show confluence at 6.23.
That would be my personal target, however there is a solid gap (highlighted in green) on the weekly chart that we will likely give a run for the money before ultimately testing 7.10 once again.
9.59 would be an additional target on the upside above 7.10, further than that id be looking at 11.45
Not much in the way above the 12.00-16.00 range.
Volume has been gaining substatially the last 3 months, but like a lot of other assets last week, it was taken down a peg with all the other static going on.
MACD & RSI shows buyer exhaustion on the 1D, however the 4HR still looks like it has a little room
Although the RSI is relatively flat on the 4HR, it is trending above its medial range and shows clear bullish divergence and could be positioned to run with a retest.
Do NOT miss this oneI wont be able to sit on my hands with this one
Ending diagonal in a corrective channel.
This is looking pretty bullish here, wait for the break of the ending diagonal with bullish divergence (lower price with higher rsi trends)
We should see new highs soon
Also great risk reward ratio trade
SPX-Bullish SetupCycle breaking out of the fourth wave and looking to complete wave 5 somewhere close to the 2.618 4100-4200 I'll start taking profit. Note the RSI hidden bullish divergence as well as the daily time-frame RSI has tagged and found support on the 40 lvl. Both of these two RSI signal indicate that we just completed a bullish correction for further up. Post any questions you may have or dm me. Happy Trading!
$GNOG - Huge opportunity with potential catalyst!Re-posting since TV took down my original post from yesterday.
With most SPACs we tend to see a post-merger decline as traders take profits. However, if the new ticker is a company that has tailwinds behind it then we often witness a rally after the retracement finds support. GNOG is now sitting at the 50 MA after forming a double top . There is also hidden bearish divergence between the price and the oscillators.
Catalyst Watch - Governor Cuomo has been making noise recently about how New York state could benefit from legalizing online gambling. There are rumors that this could be brought to the table for serious discussion as early as this week. Michigan might also be starting up online gambling as early as this week.
GNOG is already profitable and has a better balance sheet than DKNG ( DraftKings ). I like the 1-2 punch combo of technicals and fundamentals here.
Short term price target at $25
SL set at $17. If the price drops below will re-enter trade at 100 MA
BTC Dominance Force Vector Technology Beta RunForce Vector Technology
has an uncanny highly predictive nature where the interstitial buying and selling force vectors produce a resultant vector that points into the direction the market will move in the near future.
Here is a very contrarian view of most alternative crypto holders. Where Bitcoin not only remains the dominant, but will soon explode by leaving the rest of the pack behind and lapping them past the track.
And what's the fundamentals behind this? It's simply stated that digital currency is way past the forefront stage of technology as it was only 3 or 4 years ago. It's virtually at the doorsteps right now. And the pronounced "Great Financial Reset" is about to happen soon. And guess which has the proven track record for first line global ubiquitious adoption?
Green Tuesday I predict Apple to hit a minimum of $132 a share Tuesday 12/22.
With fundamental sentiment put aside, I would like to focus on the technical aspect.
First of all, the green shadow between the most current candles are bullish divergence and it can also be seen on the MACD.
The MACD has hit a low and is trending upward now, and the small green bar on the graph indicates growing bullish divergence.
RSI is also returning to 70 where Apple usually sits.
Bollinger Bands also give a buy signal.
Comment your thoughts below, how high do you think Apple will rise before it corrects? I am up 75% on my options call
12 contracts for a strike price of $130 by 12/31. Average cost 1.20 per contract.
Triple bullish divergence AMT
AMT Weekly:
The weekly shows a rejection candle that went up to -1 ATR, a point of reversal the last couple of weeks that often resulted in a pullback to the 21 EMA. MACD Histogram is ticking up, although EFI is hanging around its EMA and not showing much strenght yet. Stochastic RSI is bullish and its %D line is rising.
Daily:
There is a nice triple divergence here, on MACD-Histogram and Elder Force Index. Then a ATR channel divergence on the current decline as well. Stochastic RSI is coming from an oversold condition and supports the idea of prices going up here. Also, MACD lines are diverging as well, which is a strong sign.
Entry: 2.315
Target: 2.435
Stop: 2.24
R/R ratio: 1:1.6
BUY FTM - at intermediate support w/bullish divergence. NO FOMOBUY FTM - at intermediate support w/bullish divergence. NO FOMO 1/4 position / if it drops lower into unfair lows -10% i would add another 1/4% etc until a full position size = 2 to 3% max of total crypto portfolio as this is an altcoin.
SPXUSD Showing possible reversal corrective move possibleA lot going on here on the 4 hr chart:
- RSI reach oversold level of 19 and started bullishly diverging for a full day
- 4hr/12hr/Daily Hidden rsi divergence higher low possible
- Macd overstretch diverged and now is crossing up
Possible corrective move back up before doomville?
Triple MACD/RSI Daily Bullish DivergenceAfter a huge retrace down; DMS is showing triple MACD and RSI Bullish Divergence on the Daily.
I would fully expect to see it bounce from here and possibly test it's last high and maybe beyond.
My stop will be below it's lowest low.
Hidden Bullish Divergence on 3-Day chartWe were all waiting for a breakout out of this symmetrical triangle visible on 4H or 1D chart. Finally Bitcoin broke it upwards with quite a bit of volume which gives me confidence that it's not a fakeout.
Now I'm also confident that hidden bullish divergence that I noticed on 3-day chart is meaningful.
Another important indicator is White Energy crossing above 50. I'm talking about private indicator called Phoenix 1.119 by WyckoffMode.
Target is around 13800 but I could change it later depending on some key indicators that I'm watching. So click Follow This Idea to get notified about my updates.