XBTUSD (Bitcoin) is now looking full bearish with multiple bearish signals in the making... Let's take a look at those: First we have a break of EMA10 and EMA50 as support. Prices are now trading below this level switching our potential from bullish to bearish. Bearish cross between EMA10 and EMA50. Bearish RSI, trending lower. Bearish MACD. Monday's...
The stock has formed a bearish candle on daily time frame and we also see divergence on both RSI and MACD. One can go for sell below 495 for the targets of 481 and 465 with the SL. Happy Trading! Rachit
Breakdown From A descending Triangle on a Daily Chart. supported By Volume and Negative Crossover Of MACD.
INDIABULL HOUSING: The stock has been trying to pullback, last couple of session witnessed a little advance, the prices didn’t pull up enough to close above the TS & KS lines on daily charts. The RSI is into bearish zone similar indication provided by MACD. A good move above 305 will only establish short term move up or else correction may persist.
If you've been following Alan Masters ( @alanmasters ) lately, you are aware that we have been right 100% of the time for our Bitcoin (BTCUSD / XBTUSD) charts/trade ideas for the past few months... Today is no exception, Bitcoin (BTCUSD) just broke up. Our targets remain the same, the analysis remains the same... Our vision remains the same... (Bitcoin is the...
Initial visual inspection shows the index is recently trading sideways between 30230 and 31715. Point to notice here is that we could observe a negative divergence through oscillators i.e. RSI and MACD. That clearly indicates a negative bias. So by considering these factors, index falling to 30230 (further 400 pts away from current level) now almost looks...
So this is the Nifty 500 chart, looks similar but it doesn't exactly do the same thing that Nifty 50 does. In fact I think this reflects the actual market movement more closely. Anyway, looking at the 60 min chart, we see that Nifty 500 is at one its highs. There is divergence on the MACD. We might be in the middle of a correction and there could be one move down...
Ethereum / USD Short-term price analysis ETH has a neutral short-term trading bias, with the cryptocurrency falling back towards its 200-period moving average on the four-hour time frame. The four-hour time frame continues to show a valid head and shoulders pattern, with bulls failing to negate the bearish pattern during the latest rally in the ETH / USD...
TRON / USD Short-term price analysis TRX has a bearish short-term trading bias, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame. The four-hour time frame shows the presence of a head and shoulders pattern with the TRX / USD pair edging towards the neckline of the bearish pattern. Technical indicators on the...
Bitcoin Cash / USD Short-term price analysis BCH has a neutral short-term trading bias, with the BCH / USD pair now testing towards its 200-period moving average on the four-hour time frame. The four-hour time frame is currently showing that the BCH / USD pair is attempting to recover from early week losses, while any presence of bullish MACD price divergence...
VET / USD Short-term price analysis VET has a bearish short-term outlook, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame. The four-hour time frame is also showing that a large head and shoulders pattern is starting to take shape. Bulls need to move price above the April 19th swing-high to invalidate the...
LTC / USD Short-term price analysis LTC has a bearish short-term trading bias, with the LTC / USD pair now creating bearish lower lows and trading beneath its 200-period moving average on the four-hour time frame. The bearish double-top pattern formation on the four-hour time frame continues to weigh on short-term trading sentiment with the LTC / USD pair so far...
ETH / USD Short-term price analysis Ethereum has a bearish short-term trading bias, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame. The four-hour time frame shows that a bearish head and shoulders pattern has taken shape, with the ETH / USD pair now testing towards the neckline of the pattern. Technical...
BTC / USD Short-term price analysis Bitcoin retains its bullish short-term trading bias, with the BTC / USD pair still trading above its 200-period moving average on the four-hour time frame despite the recent decline. The four-hour time frame is showing that a strong technical correction is underway, with the April 12th swing-low the key area to watch if the...
Waves / USD Short-term price analysis Waves has a bearish short-term outlook, with the cryptocurrency now trading well below its 200-period moving average on the four-hour time frame. The four-hour time frame is also showing a bearish breakout from a descending triangle pattern. The bullish breakout above the triangle pattern that occurred earlier this month now...
BTC / USD Short-term price analysis Bitcoin has a bullish short-term trading bias, with buyers regaining control of the BTC / USD pair and moving the number one cryptocurrency to a new 2019 trading high. The four-hour time frame is showing that the inverted head and shoulders pattern has reached its overall target, while the bearish head and shoulders pattern on...
ICX / USD Short-term price analysis ICON has a bullish outlook over the short-term, with the ICX / USD pair attempting to move back towards its current 2019 trading high. The four-hour time frame shows that a head and shoulders pattern has started to take shape, with bulls now trying to invalidate the bearish pattern. Technical indicators on the four-hour time...
Tata Chemicals might move towards 625/635 in the coming days. One might buy on dips as an upmove might be on the cards as seen from the converging move on the MACD. A confirmation on RSI has already been obtained.