A couple of week ago I made an analysis on Bitcoin and the fact that we can potentially follow an Elliot Waves pattern. For now, my idea seems to hold. With BTC breaking out this week, we're now in a huge resistance zone that goes back all the way to 2021 and 2022. Furthermore, the weekly RSI is approaching overbought territory quickly. We can easily move up...
- FTNT has broken through the ceiling of a falling trend channel in the medium long term. - The stock has met the objective at 57 after a break of the double bottom formation. - The price has now fallen, but the formation indicates further rise. - The stock has support at 63 and resistance at 71. - The RSI curve shows a rising trend, which could be an early signal...
This is a study on the TDI and RCI indicators which are some that not many use. Perfect and clear examples in the chart, can't get any simpler.
SXP has been one of the major winners of the last few weeks, where it gained well over 270% in a very short amount of time. However, it appears that SXP has topped for now. I'm waiting for the first hourly oversold reading to occur before scouting an entry. Ideally, we will get in the yellow area of resistance before reversing. Targets in blue.
I find it very interesting just how well BTC can respect the quarterly lines of a range. You can spot certain price action patterns within the overall range but trading within the boundaries of the range can be very beneficial in a sideways environment that we find ourselves in. When range quarters are hit and coincide with oversold indicator triggers they are...
- RBLX shows strong development within a rising trend channel in the medium long term. - The stock is testing resistance at 47. - Volume tops and volume bottoms correspond well with tops and bottoms in the price. - The RSI curve shows a rising trend, which supports the positive trend. - Overall assessed as technically positive for the medium long term. *EP: Enter...
hey my frinds BTC RSI is in very good halat so if rsi broked from each side we will go to to seem enjoy it
GBP/USD clears the January high (1.2448) to trade to a fresh yearly high (1.2526), with the Relative Strength Index (RSI) reflecting a similar dynamic as it climbs toward overbought territory. GBP/USD Rate Outlook GBP/USD may attempt to test the May 2022 high (1.2667) as it initiates a series of higher highs and lows, and a move above 70 in the RSI is likely...
im expecting $SPY will have small retracement because the RSI in overbought And if we Check the Chart we have Many retracement in the same level of RSI (Maybe The At 38.20% Level ) Not financial advice im still learning and maybe i have mistakes in my chart <3 What do you Think ?
One year Daily Chart a simple comparison by dividng SPY / QQQ downtrend resisst formed, remained underperform till it breaks the current trendline
- BTC risen approx 90% in 130days - RSI divergence on the daily - Target is pullback to 200W MA
It looks like COCOA is setting up to cool off. I'm not sure if it'll go lower than 20EMA - I consider this a low risk trade. I don't see the market going much higher without small correction first. This is not a trading advice. Trading is risky. Always do your own analysis.
Falling wedge patterns present on the RSI may indicate comparable bull runs between the one seen in 2017 and the one we are about to see coming. Arrows on the BTC chart to show the bottom points and where the run begins.
GU has broken above structure and typically we expect to retest and continue this move, however we have noticed depletion of buyers leading to a break down of an inside bar. Going for at least 2R with this one
Accumulation and distribution (tops) marked on BTC's history. By this logic there could be a $180k btc in Jan 2025 (28 months from now). Let's hope! -RSI marks tops and bottom pretty well, same sort of level each cycle -According to this logic 17k was the bottom for bitcoin, but we don't know how it fairs in a recessionary environment. I will probably bid in...
hi there , convergence simply its mean that the trend its not finished yet not matter its down of up trend but in this case we have a down trend with convergence supportation, price convergence its support the continuation of downtrend , i,m afraid this up wave its a bull trap and later price will continue down , thanks
Monitoring similar price and RSI behaviour like in 2019/2020 before take off.
PG ( think soap, cleanser, laundry detergent toilet paper) is a stock that pays no attention to market noise, In analysis terms, it is a low or no beta stock. On a busy chart, the price is curently at the confluence of the SMA 50 21 and 9 averages also sitting at the long-term VWAP anchored a couple of earnings ago. It is also in the center of the high...