$QQQ is breaking out of the short term RSI downtrend on the 1H with some divergence. Volume profile also showing some support as well as the established channel.
the 12h RSI will likely mark the bottom of this pullback in the broader bull market. it rejected the trend yesterday despite building some divergence at the bottom. Will likely breakout in coming days.
The 1h RSI continues to build a bearish divergence as the price failed to breakout of the supply zone. Also seeing the 100d EMA as resistance above. Could find support around 348 and 341 below
the RSI trendline survived the retest and is showing strength despite another selloff. So far it is all just noise in the larger bull market, the longer we hold these levels the more bullish the outlook.
Bitcoin seems to be flagging on the 4h before a run up to (and hopefully through) the 53k-55k area. Still plenty of room to run as the 1d RSI sits at 50, looking for continuation through 1q 2022
The breakout appears to be coming as the daily RSI is showing strength and we retest the trendline at 48.5k. A break above this trendline and the 20SMA will confirm the move and reversal, looking to hold these RSI breakouts on all time frames (4h,8h,12h,1d).
a $BTC breakout is nearing as the RSI and price wedges in this consolidation. Watching the daily and 8h RSI's closely for a break of the downtrend which could begin this run before new years and through q1-q2 2022
as posted a few days ago, the 12h RSI breakout held the retest and continues to show strength in this downtrend. Waiting for a breakout on the daily RSI to preview a price breakout. Looking alot like the late september breakout (circled in green)
The Bollinger bands are tightening as the RSI breaks out of the downtrend, very similar setup to the late september-october run. Need to break trandline to confirm the move.
The divergence continues to build as the RSI breaks out of the trend. This will send it into another attempt at a breakout of the trendline around 50k, above that targeting 53k zone and eventual ATHs
imo, a breakout from this pennant will come around new years and the final stretch of this longer term bull market will top out in 2022, target around $82k mark
Mean hammer on 11/28 right at the large volume node and channel support. MACD now ready to cross with some minor divergence on the RSI . One of the best crypto setups currently.
