🔍Today, let's delve into the analysis of Ethereum (ETH) to identify its growth or decline potential.In the 4-hour timeframe, ETH experienced a correction downward to around $3200 after reaching $4063. Currently, it's ranging between $3645 and $3480, with the previous candle breaking below the range. Now, we need to assess whether this could lead to stabilization...
Even thou BTC is in a correction, in this macro regime altcoins should outperform. Injective has been one of the outperforming alts all thru the previous market regime. The technicals now: - Day MACD has reversed from the oversold zone and uptrending, histogram going upward - on the 4H TF MACD has already reversed from the oversold zone and about to cross MACD...
Based on the indicators on the 1-hour chart, Relative Strength Index (RSI) is hovering around 40 and the price is below the 20, 50, and 100 Simple Moving Averages (SMA), indicating a downward trend phase. If the price continues to decline and breaks below the support zone at 1.2590, there is a likelihood of a more significant downtrend in the near future....
Currently, technical indicators such as RSI and SMA indicate that Bitcoin is in a downward trend. Specifically, the price breaking through the support level of 69.017 signals that the downward trend is likely to persist, potentially pushing the price down to the support level of 68.450, and may lead to a more significant price decline.
On the 1H chart, based on the RSI indicator, we observe that the price of the USD/JPY pair has surpassed the overbought threshold, indicating increasing buying pressure. However, to make trading decisions, it is essential to consider other factors such as economic news and the global market situation.
📊 Script: HINDCOPPER 📊 Sector: Non Ferrous Metals 📊 Industry: Mining / Minerals / Metals Key highlights: 💡⚡ 📈 Script is trading near at middle band of BB. 📈 MACD is giving crossover . 📈 Double Moving Averages will give crossover. 📈 Right now RSI is around 59. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 281 🟢 Target 🎯🏆 - 306 ⚠️ Stoploss ☠️🚫 - 269 ⚠️ Important:...
Currently, the price of the EUR/USD currency pair is hovering around the level of 1.0780. Based on technical analysis, the overall trend in the market is showing a downward movement for this currency pair. One of the commonly used indicators, the Relative Strength Index (RSI), is below the 50 level, indicating a weakening buying momentum in the market....
I don't make the rules. :) We are just surfing the waves of emotions, of the crowds. Here we have Monthly line chart with the RSI It clearly shows a quickening of the trend and how the 4 year cycle is likely to fail this time around. It is too well know as a theory and will be front ran. (in my opinion) We should get a RSI peak at this rate, around May...
OANDA:NZDJPY has broken a falling wedge, which is a bullish reversal pattern. Bullish divergence can also be seen at the last 2 lower lows, indicating imminent bullish price action!
Hi guys In the medium term, if the resistance range of $6.34 is completely consumed, the possibility of continuing the upward trend and seeing higher areas will be strengthened. In the weekly RSI time frame, it is in the saturated range. After the specified resistance range is consumed, we can check the entry points more carefully. What do you think?
OGI is a highly volatile penny stock in the marijuana subsector. It is too cheap to short It does have options. ( The strike $2 for 3/15 contract on Friday went 67% from the LOD to the high of day). On the 15-minute chart is shown my swing trading strategy for OGI. Each up arrow is one lot of shares while the red arrow is to sell a lot. The lot size can be...
- 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: -...
We can see that the volume is decreasing, while price is rising, suggesting a decrease in demand. ACT chart also show us a negative divergence, when comparing price with ROC. The ADX is also showing a new higher peak. And as we can see in later 2023 a higher peak was made and resulted in a decreasing price; March 2024, the ADX failed to reach a new higher, and...
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...
📊 Script: TATASTEEL 📊 Sector: Steel 📊 Industry: Steel - Large Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover . 📈 Double Moving Averages are giving Crossover. 📈 Right now RSI is around 62. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 155 🟢 Target 🎯🏆 - 167 ⚠️ Stoploss ☠️🚫 - 150 ⚠️ Important: Always maintain your Risk &...
On the above 8-day chart price action has corrected over 90% since the month of May 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action prints support on past resistance. Look left. 3) The macro bull-flag breakout plus confirmation of support. 4) A number of tradingview.com ideas are ‘short’....
Weekly Chart: Fusiongap (50/15) indicator histogram is in positive again, with the red oscillator about to cross the green oscillator. Ichimoku cloud flipping green again.
On the above 3-day chart price action has corrected 96% since the sell signal (not shown) @ $1500. Now is an excellent moment to be long. Why? 1) A strong buy signal prints (not shown). 2) The strong signal also prints on the BTC pair. 3) Regular bullish divergence . Lots of it. This divergence is measured over 40 days. 4) Price action and RSI resistance...