The Relative Strength Index (RSI) is a well versed momentum based oscillator which is used to measure the speed (velocity) as well as the change (magnitude) of directional price movements. Essentially the RSI, when graphed, provides a visual mean to monitor both the current, as well as historical, strength and weakness of a particular market. The strength or weakness is based on closing prices over the duration of a specified trading period creating a reliable metric of price and momentum changes. Given the popularity of cash settled instruments (stock indexes) and leveraged financial products (the entire field of derivatives); RSI has proven to be a viable indicator of price movements.
Hello Traders!,
Today’s chart update will be on a stock called NIO (referred to as the Chinese TESLA), which has come out of a bear trend approaching key resistance.
Points to consider,
- Strong uptrend in fruition
- Structural resistance yet to break (.50 Fibonacci in confluence)
- MA’s crossed bullish
- Stochastics in upper regions
- RSI in overbought...
We've got Bitcoin rising above a bullish TK cross, a recent Kumo twist and bullish leading cloud, as well as a Chikou Span that is above previous price and cloud, which all combined indicate a healthy looking chart for Bitcoin. The Price Percent Oscillator is showing the PPO line hovering just above its signal line, need to watch here for a potential bearish...
Hello Traders!
Today’s update will be on BTC’s daily chart where it has been rejected from the golden pocket, a correct may be imminent due to heavy resistance confluences.
Points to consider,
- Trend testing strong technical resistances – Golden Pocket & Regression Trend
- Local resistance - 200 MA
- Local support at .786 Fibonacci
- Stochastics topping out...
Hello Traders,
Ethereum is giving us bullish indications on daily chart, but the price still bellow de 200 moving average,
RSI is Bullish.
Dobble Bottom.
Long Term Downtrend appears to be broken.
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Hello Traders!
Today’s chart update will be on DASH which has respected the golden pocket Fibonacci retracement level and is putting in a potential higher low.
Points to consider,
- Bullish Trend
- Fibonacci levels respected (Golden Pocket)
- Stochastics in upper regions
- RSI respecting trend (Bullish Divergence)
- EMA’s cross bullish
- Volume increase...
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Pair: EUR/USD
Position: long
Entry: 1.10880
Target: 1.1150
Stop Loss: 1.1059
cheers,
cryptobuller
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or...
Hello traders!
Today’s chart update will be on LTCBTC which is in a daily down trend with clear resistance levels to break for a probable trend change, a key level to watch will be the 200 EMA.
Points to consider,
- Clear bears in control
- Structural support being tested
- Local resistance is the 200 EMA
- Stochastics in lower regions
- RSI respecting trend...
Hello Traders!
Hope your all enjoying your weekend,
Today’s update will be on ETHBTC, key levels to watch after this initial dump, will a bounce come to fruition or a continuation?
Points to consider,
- Trend broke out of falling wedge pattern on the macro timeframe
- Support at .50 Fibonacci
- Local resistance in confluence with local top
- Stochastics in...
Hello Traders!
Welcome to another update today, this time on BTCUSD daily timeframe
On the daily chart we have very clear levels that need to be watched in terms of support and or resistance.
Bitcoins next move will equate to either break of support or a break of local resistance - $7800, a very key level.
Points to consider,
- Trend bearish
- Local...
Hello Traders,
Quick Update
Today’s chart we be on BTCUSDwhich is testing a critical support level
Points to consider,
- Trend bearish
- Major support being tested
- Stochastics in lower regions
- RSI approaching oversold
- EMA’s giving price resistance
- Volume needs to increase
BTC has put in consecutive lower highs with no clear sign in trend...
Hello Traders!
Welcome to another update, todays chart will be on NEOBTC currently resting on the .50 Fibonacci level, will bulls have momentum to push NEO further up?
Points to consider,
- Trend change attempt
- Double bottom as local support
- EMA’s giving resistance
- Stochastics in lower regions
- RSI bouncing of support
- Volume clearly declining
A...
Hello Traders!
Today’s chart update will be on BTC which has a probable bullish divergence as price travels close to its apex.
Will BTC respect its uprising trend line in this regression trend?
Points to consider,
- Trend in control by bears
- Structural Support to be tested
- Resistance retest confirmed
- Stochastics in lower regions
- RSI respecting...
Hello Traders!
Today’s chart update will be on IIPR – Innovative Industrial Properties INC where bulls are attempting to put in a new higher low, a trend change may be coming to fruition.
Points to consider,
- Potential new higher low
- Structural resistance needs to break
- Support in green zone
- RSI respecting support
- Stochastics projected upwards...
Hello Traders!
Welcome back to another update, today we will have a look at the BTC CME Futures chart, where a new gap has come to fruition.
Will this gap get filled sooner rather than later?
Points to consider,
- Trend Bearish
- Price testing .618 Fibonacci
- Strong down trend resistance
- RSI in oversold conditions
- Stochastics in lower regions...
Hello traders!
Today’s chart update will be on BTCUSD where it has formed a bearish pennant which is a continuation pattern.
Will Bitcoin break bearish?
Points to consider,
- Clear bears in control
- Price testing support zone
- Local resistance provided by EMA’s
- Stochastics projected downwards
- RSI testing support
- Volume declining
Bitcoin is...
Hello Traders!
Today’s chart update will be on CGC – Canopy Growth Corporation, a potential inverse head and shoulders could be at play in this strong downtrend…
Points to consider,
- Bearish trend with consecutive lower highs
- Neckline as major resistance
- Support provided by the EMA
- Stochastics in upper region
- RSI in rising wedge
- Volume increasing...
Hello Traders !
Quick Update on Bitcoin!
What a move for BTC from its critical support zone (noted on previous chart)! Price is now trading around major resistance; will a correction be more probable from here or a continuation of the parabolic trend?
Points to consider
- Trend still parabolic
- Testing major structural resistance
- Local resistance at .236...
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