In this analysis I want to shed some light on the fact that the weekly RSI on Bitcoin has reached the highest value in over 2.5 years. The last time that we weekly RSI reached above 70 was during the height of the bull-market, back in April 2021. Historically, Bitcoin's weekly RSI has very often been above 70, just scroll back the chart. However, the timing is...
APE. As we saw last Sunday, it experienced an increase with very high volume, breaking through the resistance level of 1.3791. Currently the APE level is experiencing a correction, my prediction is that APE will return to bullish in the near future because it is supported by Hidden Bullish Divergence. #DYOR
AMEX:SPY October 30, 2023 15 Minutes The downtrend is still in trend. However, in recent lows, we are having oscillator divergence. Looks like the end of wave 3 is in sight. As of now uptrend is only above 425 levels. The expected retracement will face resistance around 413 - 418 levels being Fibo numbers as marked. That should give us a good point to enter...
Technical Indicators: The RSI has reached overbought levels and is showing signs of weakening. A price retracement appears imminent. Similarly, buying volume has significantly exceeded the trend average but is now witnessing a decline in new buyers. The price action is currently consolidating well above the trend lines. As a result, our AI predicts that BTC is...
With student debt resuming, sofi is looking to present great forward guidance. They have been beating earnings/revenues and most metrics despite not having their largest cash generator with the previous zero interest environment. Sofi TA wise has a breakout of RSI bouncing above 20SMA as well as breaking the downward trend. I am eyeing Dec 15th calls 9.5$. For...
Hindustan Unilever (HINDUNILVR) has been underperforming against nifty since it took a hit on poor earnings. However, it now presents a low risk opportunity to go long on the stock. The stock has been trading in a broad range of 2440-2700 levels for over a year now and is getting ready to bounce again from the lower level of the Range. The orange circles show the...
✅ The chart formed descending tops. Price has broken the ascending structure. Gold will continue to decline from resistance. ✅ 🚀 SELL scenario: short to 1946 🚀 ---------------------------------------------------------------------------- Remember, there is no room for luck in trading - only strategy! Thanks for likes and comments.
Mainly looking for price to form a new swing high first, before dropping to the 31.5k level. Keeping an eye on the RSI oversold level - a bearish RSI divergence could signal the start of the small drop. 31.5k price level seems appropriate to place an entry as a support level and FVG is there. From there, price could bounce and chop sideways around 38 to 39k,...
AMEX:SPY October 27,2023 15 Minutes. As expected once 418 was breached we saw 412 levels. Let's take 3 Fibs The rise 380 to 459 The rise 368 to 459 The rise 348 to 459 The first rise had done 61.8% retracement around 411-412 levels. The next has levels around 402-404 and the last 390 levels. On the upside, we can see consolidation around 424 levels. Seeing...
MRNA is far too oversold and beaten down. I've shown past 4 examples of selloffs and the rally that follows. Expecting a 40%+ rally from CMP over the next 2-3 weeks
Woolworths has reversed off its bottom channel of relative strength vs. Truworths. RSI and MACD relatively depressed and should start to turn up. With the current state of the economy I believe Woollies should be better placed to withstand the economic storm than Truworths which is predominantly more of a 'luxury' clothing retailer. I think Woolies Food component...
In the context of a 'down day' on the ASX market, aligning with crude oil futures (CL) appearing to successfully test support levels of $82.06 on a 4 hourly chart, HHR is holding up well and represents a potential bullish opportunity should momentum continue and higher highs and higher lows be made past the current position. I'll cover this more in the upcoming...
Following a few stocks in the ASX of particular interest, BOT represents a potential bullish opportunity should momentum continue and higher highs and higher lows be made past the current position. I'll cover this more in the upcoming weekly video, however as can be seen in the chart, the stock price is currently testing prior resistance (now support) of $0.14 and...
AMEX:SPY October 26, 2023 15 Minutes Downtrend continues. Today also sell on rise around 419-420 levels. 418 breached so expecting 412-414 as an initial target. There is nothing much to look into.
Strong bullish divergence appearing here on this 4-day chart. The last candle completes today following a Dragonfly DOJI & support on the 21-day moving average. Clearly someone knows something I don't, considerable volume pouring in, I've no idea why. There is a saying "Extremes in the market is marked by extremes in volume". The volume can be observed across...
BINANCE:SOLUSDT COINBASE:SOLUSD Hello Traders, please check out my previous ideas. In the next few days, Solana is expected to stabilize between near the red area. If the price breaks below the mentioned area, the price will drop to the level of 14$ (probably price receive support here) and then 13-12 area. ✌💥If you are satisfied with my analytical...
Break down. Possible target 416 levels. The retracement did not happen as it did not hold 422 levels. 418-419 important as before levels. The chart does not look good. For the fall 450 to 420 AMEX:SPY had retraced to 61.8% levels around 437 levels forming multiple tops before breaking down today. 418-419 is very important now.