Divergence
Bullish DivergenceI had been drawing this chart since FET touched the low but couldn't publish.
There's bullish divergence on RSI and OBV as seen in my chart. The technicals really look bullish to me.
Talking about the fundamentals, FET is a very good project - most of the code is written in C++ and that shows the expertise of the team. It's currently above 300 in MCAP and I think it deserves to be in top 100 at least. If it goes till 100, you can expect 5x profit in BTC value.
There's major resistance around 2000 sats - also expecting 7 MA to crossover 99 MA and that will be the first time since Apr 18 before touching 4684 sats.
Currently 7MA and 25MA is acting as support and I suggest you not to short it above 1650 sats (also let 4H candle to close).
Speaking about sentiments, BINANCE:MATICBTC had great bullish sentiments and during the same time, there was seen a good volume coming in FET. During bull run, these are among the top coins to get pumped. After MATIC, I think it's time for FET to rock,
A good time to buy and a very good coin to HODL.
NZDUSD LONG!As we know NU has been in a very good down trend since Mid March, and it seems like it has completed the 5 wave structure of the B leg and now it is about to begin it's way for the C leg.
Divergence is also appreciating in that case for NU LONG.
I'd prefer .6420 for SL in case of Buyzz.
And target would be .6971.
GOOD LUCK GUYS.
Follow Money Management.
Trade SAFE!!
ARVINDFASN NEAR ITS DEMAND ZONE NSE:ARVINDFASN IS NEAR ITS DEMAND ZONE ON THE HOURLY CHART WITH STOCHASTIC RSI IN OVERSOLD ZONE AND MOVING UP WITH A DIVERGENCE .
RESPECTIVE LEVELS ARE MENTIONED ON THE CHART .
DBL Trading Near a Support and Giving Positive DivergenceDBL is trading Near a Support level and giving a Positive Divergence.
MRF Divergence A divergence is formed on the MRF with stock trading at its long term supprt but keep in mind it's Q4FY19 results are due for the next week.
Jai Hind
Negative divergence weekly chartsSell signal inndicated by rsi indicator showing negative divergence
Bullish-inv H&S, wedge breakout and positive divergence RSIM&M we can see an inverse head & shoulders pattern, downward wedge breakout and positive rsi divergence. Unleash time for the bulls.
Nifty Seen Negative Divergence on hourly chart.Nifty
Seen Negative Divergence on hourly chart.
Rsi is Falling
Price is rising
this may give a Heavy profit booking Drop anytime
So Bulls be Cautious.
India Glycols Bullish Divergence Daily ChartIndia Glycols
Bullish Divergence
Symmetrical Triangle Consolidations
Breakout Above 320 & sustain may lead to 370-400 with clear Rally.
BANK NIFTY !!! BEARISH DIVERGENCEBEARISH DIVERGENCE FORMED IN BANK NIFTY. SHORT TERM TREND WILL GET BEARISH.
Hourly good Risk to Reward setupPrice actions are captured by an up sloping PF with multiple touches on LML so one can try a trade on this setup. It is a strong demand Zone also and now coming out of RSI oversold confirming a good possibility of reaching the target.
Entry current Price
SL 340
Target 352.50
Risk/Reward Ratio above 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Double Bottom : Good Risk to Reward TradeAshok Leyland has formed double bottom and showing signs of reversal. It has a reasonable PF catching the price frequencies and is available on the LML offering a good entry. It has formed a double bottom with divergence on MACD which is quite reliable setup. Heiken Ashi has turned to Green also. One can buy the stock with the following details
Entry current Price 79,50
SL 77.4
Target 86.25
Risk/Reward Ratio above 3.21
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Hidden Bullish Divergence And RSI Heavily OvesoldTrade Time Frame 4-5 Day's
Entry @216, 217, Stop @209, Target @245
Hidden Bullish DivergenceThis can be seen when the pair is in a uptrend. Once price makes a higher low (HL), look the oscillator does the same. If it doesn't and makes a lower low (LL), then we've got some hidden divergence in our hands. The normally occurs at the end of bearish trend.
BankNifty Bearish ViewBankNifty after a long rally from 24244 levels to 27754 looking week at higher levels. It has broken the trendline and showing bearish divergence/crossover as per stochastics and MACD on daily charts. Considering the risk reward ratio its a perfect juncture to remain on short side in BankNifty (sell on rise). Obviously hedge your positions to safeguard your portfolio. I would recommend to create a covered put which can be rolled up or averaged if it moves up higher which seems unlikely. Maximum banking heavyweights are trading near their highs and showing weakness too. Today BNF may see some retracement and technical pullback. Aggressive traders may employ the covered put if they see BNF at higher levels.
Short NiftyTentative Bearish divergence of Stochastic indicator giving a hint of selling the N . Aim for 10750.
NZDUSD LONG!!Prepare for NU BUY
As described before price was retracing and now it has came around 61.8% of the original impulse, So now we'll have to prepare for the BUY.
I'll looking for BUY entries around 0.6760 price level, apparently which will also complete the 5 wave structure.
Good Luck
