14 000 is psychological level. RSI is currently overbought and showing divergence. expecting big price drop. this idea is based only on TA and Indicators. Let's see (0_o)
Look to my previous charts below, still waiting Tesla to consolidate below 800$, It's 6% gain through a week. Not a recomendation, think your way. NASDAQ:TSLA
Either it will melt-up and follow the trend line in the short-term or it will drop around 30% or more to $112 where the 200 HMA will be support. There is risk of it trending downward to $125, $112, or $107 support lines if it closes below the black support line next week.
Hello, dear subscribers! In the previous review, we looked at positive signals in the bitcoin market, in particular the value of the OBV indicator. In the following days, bitcoin price overcame local resistances and renewed historical price highs. Resistance zones have turned into support zones. Currently, the price is in the range of $43,000 - $48,000, the...
SHORT GBP/JPY, ***IF there is a clear rejection around the current level, wich is on the 144,000 monthly key level, it is also on the top of a uptrend channel and we can notice that the market is starting to be overbought. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
CURRENCYCOM:US30 Running shorts on US30, been hovering around breakeven, had a fakeout of the trendline, broke back below, retested and showing we could still push down. As long as we stay below the previous lower high, I am happy to hold! Stick to the plan, ALWAYS!
GME stock is on the radar of many traders. Its what everyone has been talking about. It is an especially interesting stock because of it's monstrous rally up from around $30 to over $300 in just a matter of days. I myself, didn't know this stock existed until a few days ago...by then it was too late to enter. But anyhow, I thought this stock is gonna make...
NASDAQ is very overbought and there is a huge RSI divergence. Additionally it is sitting at the top of a channel, forming a strong resistance. With the recent buying hype and people going long, it would make sense that they will bring the price down to cash in all the longs. Of course wait for confirmation, as this is NASDAQ and it can keep going up indefinetly. A...
Stop Being Greedy! Buy the rumor and sell the news!
pure strength play; overbought levels; look for some pull back on technical; not long term short
Here is my short case on CRSP: - at the top of trading channel started since Feb 2020 - over bought reading on RSI - both PPO and RSI shows very clear divergence high Starting building a position as it hits the top of the channel and scale in as it moves down. Impulsive break of the wedge should move it down to the support at $161. Reaction will be likely,...
Snapchat is overbought in the short term and indicators are showing a steep decline. First: MACD shows weakening bullish divergence Second: D+ shows high levels of bearish divergence Third: RSI is 71.62 indicating that the stock is overbought Fourth: Candle bodies are getting smaller as price increases showing that bullish volume is decreasing as price...
The Past week of chaos in the US government + the continuation of Stimulus Check distribution + Biden's 2021 Inauguration will bring an incoming strength to the US dollar. DXY is showing signs to test 91.5 or potentially 92.6 levels. BTC has begun the selloff 1/10/21 around 6AM EST. $10,000 drop to liquidate impulse buyers in the crypto market. Can dip to...
Just an idea but you can see how heavily over bought BTC is on the weekly .. currently over the 90 RSI. You can see that I circled other RSI periods where Bitcoin was over a value of 90 and how it soon corrected afterwards.. the longest period Bitcoin hovered over 90 RSI was in the 1st 'bubble' which lasted for seven weeks before taking a dive. Same thing with the...
The RSI levels for Maker are currently the highest they have ever been, surpassing the previous all time high. A correction is due and I believe we will see a retracement back to the 21 day moving average.
Its crazy, the run the crypto markets have been on. Its just nuts. But its still going and going strong. Let's take a look at a few coins. Bitcoin Blasting past $41k, its been mind blowing, the support behind BTC recently. Looking at our D+ indicator, we can see how overbought levels have made small dips in price over the past few months. (I like the 3h...
US30 Short Big probability of at least a minor correction TP1 and move stop loss to break even Trade at your own risk