Hi guys It seems that we have an upward channelized trend. And currently, the ceiling of the RSI negative divergence channel has also been issued. The support area of $17.24 is still preserved. Provided that this support area and the upward trend line are maintained, there is a high possibility of forming an upward trend similar to the drawn upward...
Hi guys Considering the consumption of the specified range, the probability of reaction to the specified price range is very high. On the higher time frame, the probability that a higher ceiling will be formed compared to the previous ceiling is very weak. As a result, our bullish view is short-term for now. What do you think?
Hey traders! Let's dive into the EUR/USD market analysis. While many are eyeing a shorting opportunity at 1.2743, leveraging RSI Divergence, it's crucial to acknowledge the overarching bullish trend on both daily and weekly charts. Currently, the market is hovering around a critical support level at 1.2723. A 20-pip move might not be substantial, but it can be a...
If we close bullish candle above resistance, then successfully rest our resistend we can expect higher bullish movement, who can give us good opportunity to long position with reasonable RRR. But for this idea we need wait little bit for multiple confirmations as mentioned.
The tech-heavy index runs its best month of the year, extending the advance to new record highs. After last week’s CPI moderation, markets strengthened their bets for two rate cuts by the Fed this year, beginning in June. NAS100 now eyes the psychological 19K mark. On the other hand, the disinflation process has slowed this year and Fed officials have turned...
Looking to short SEI from 0.8351 - 0.8696 if we get a low tf bearish rsi divergence ( 5, 15, 30 min) Looking to long SEI from 0.4912 - 0.4737 if we get a low tf bullish rsi divergence ( 5, 15, 30 min) SL is manual if DIV is broken. Enter only if we get a DIV.
Again, the BTC 4 time frame shows a good Bullish Divergence, and if the above trendline breaks with good volume and the price trades above 63049.9$ and closes the candlestick, the price can break above the 64, 66, and 70k mark. Be patient until the RSI rises above the 50 level. BINANCE:BTCUSDT.P
OANDA:GBPAUD has formed bullish divergence on RSI and broken the last Lower High indicating the potential for bullish move. Currently, It's retracing back to fib 50-75% level where we can look for long setup.
Trade Strategy: Bullish Flag Pattern Key Levels: - Shorting Opportunity: 153.26 - Buying Opportunity: 152.84 Analysis: - Importance: Identifies a potential Bullish Flag Pattern setup - Technical Analysis: Signals a possible continuation of the bullish trend - Fundamental Analysis: Supports the bullish bias for USDJPY Trade Plan: - Shorting Opportunity:...
CAPITALCOM:US30 has broken the last Higher Low after forming bearish divergence on RSI indicating potential bearish move. Moreover, It has also broken bullish trendline by forming new Lower Low. We can look for sells between fib 50-75% levels.
Technicals Prices hit fifteen-month highs this week, extending the recent rally. Copper is on the verge of another breakout, eyeing the January 2023 highs (4.356), which could open the door for further gain towards 4.579. On the other hand, the Relative Strength Index (RSI) did not follow the price action and diverged lower on the H4 chart. This can lead to...
Analysis: - Trading Setup: Bearish Fib-3 Bat Retest - Entry Zone: Identified at Bearish Bat Retest or Key Resistance Zone - Signal Confirmation: Supported by RSI Divergence - Trading Expectation: Expect potential stop-outs on lower time frames Trade Plan: - Short Opportunity: Aggressive traders may consider shorting USDJPY at the identified retest zone...
Hi guys It seems that the two price areas that we have identified are very low risk for buying. According to the issued divergences, the possibility of a downward trend should be considered. Interestingly, this cryptocurrency does not have any resistance range after the price area of $20.4! What do you think?
- Timeframe: Weekly chart shows RSI Divergence - Trade Bias: Shorting opportunities favored Analysis: - Weekly Chart: RSI Divergence signals potential reversal - 4-Hourly Chart: Waiting for retest of previous resistance at 151.74 for short entry - Combo Trade Strategy: Stretching targets for lower risk and higher returns Combo Trade Strategy Explained: -...
Greetings, friends and speculators. Let's take a moment to examine the Crypto King's relationship with the 2-month RSI indicator. The RSI has proven itself as a powerful tool, accurately identifying the exact bottom on three separate occasions. During the bear market lows of 2015, 2018, and 2022, a hidden bullish divergence emerged, signaling the conclusion of...
For NASDAQ:MVST , wait till a day after the quarterly results are out (01 Apr 24). If the price is heading down from that date and the resistance level, then wait until either the RSI is at 30 or the price reaches $0.55. And then start DCA for a long term hold. If after the quarterly results the price starts a flag pattern, see the trend of the RSI and start the...
NASDAQ:TLRY is approaching a resistance range and is at the top of a W pattern. It's rsi is also overbought above the 70 level. Volume is also trending upwards and has reached the level where the previous volume high (and price trend reversal) was. The trading opportunity is around the 3 scenarios shown in the chart, with, due to the technical indicators...
NYSE:SMR is approaching a potential entry point for the start of a DCA strategy for a long term hold. SUMMARY Wait to see where the price moves. Using a combination of RSI reaching 30 and the price falling to (with a 3 day filter) around $4 or if the price continues to fall then around $2 (another 3 day filter at this level too), begin entry with a DCA...