Litecoin forming this bullish butterfly Harmonic Pattern in H4 timeframe. But also, in price action I look from this point a bullish reversal. My consider target it's toward $135 USD. So I bullish in Litecoin and this it's an interesting trade to put long in Litecoin. Also for reference, I look the same in Bitcoin, Ethereum and Cardano. They'll forming a...
The 4h chart of Bitcoin is in uptrend and to breach the uptrend, a major collapse needs to happen at this point. Rather than a collapse, the chart indicates the dip we are experiencing now as a potential necessity before breaching the ~45,000 price mark. Nonetheless, RSI shows both on the 1h and 4h chart, Bitcoin is entering oversold areas. This could be a a...
Another wild session, another opportunity to suggest that you learn how to use RSI to find turning points, and perhaps more importantly, stay away from the drops that keep on dropping. In this short video, I revisit the same concept from my past 2-3 posts, which is how to use Relative Strength (with the correct settings) to identify potential reversal points in...
It reminds me of the previous crashes we had in the last months After that it's in H4, but we can believe in a 10/12% correction
BTC give RSI and falling wedge breakout and makes bullish jump, it seems to hit a resistance line at the neckline for a H&S pattern on the D1 chart. Last time BTC breakout RSI it went up, corrected and went up again as indicated by the red and blue boxes from August last year. I expect BTC to bounce off the support line, maybe consolidate a bit while liquidity...
Ethereum forming a bearish divergence making a higher low inthe RSI and higher high in price action. But also, Ethereum it's moving into his side but as weakness of the trend. So, I will hope that Ethereum break this structure as I indicate in this blue arrow model that I predict a drop to $2,800 USD. in that point it's important, but in case that Ethereum crash...
Evening Traders, Today’s analysis – EURNZD- trading at a key area of support where a bounce is probable, Points to consider, - Price Action Corrective - Local OB Support - POC S/R Support - Low Volume EURNZD’s immediate price action is trading at a key level of support that is in technical confluence with the POC, VWAP S/R and the Local OB, allowing for...
I bet that most of You are using the Relative Strength Index on a daily basis. So here comes the question HOW do You use it? With time I found that RSI set on higher Period ( like 100-200 ) and only with middle line at 50 level is waaay easier to read and gives clearer view of the momentum. It also makes it easier to draw trend lines on the RSI and don`t get...
Evening Traders, Today’s analysis – LPUNAUSDT- trading at a key resistance level where a rejection is probable, Points to consider, - Price Action Corrective - POC S/R Resistance - .618 Fibonacci Resistance - Local OB Resistance - Low Volume LUNAUSDT’s immediate price action is trading at a key resistance level that is in technical confluence with the...
Waiting for that a low peak in the RSI which should be the start for a long action (at least for a short profit ~ +8%)
Evening Traders, Today’s analysis – ATOMUSDT – trading towards a technical resistance location where a rejection is probable, Points to consider, - Price Action Corrective - Local OB Resistance (.618 Fibonacci, VWAP S/R Confluence) - Low Volume - RSI Extended ATOMUSDT’s immediate price action is corrective and is approaching a bearish retest zone that...
At the beginning of February '21 and now in '22 we see a similar pattern repeating itself, possibly suggesting that another BTC/USD breakout is imminent. The interesting thing to note is that this time the RSI is lower exactly one year later, indicating a greater potential upside.
Bitcoin breaks out of descending trendline on the price chart and also on the RSI. Last time it did that on the RSI, look what happened. The NVT ratio is also exceptionnaly favorable to a buy.
Evening Traders, Today’s analysis – EURJPY – trading at a key resistance region where a rejection is probable, Points to consider, - Price Action Impulsive - Local OB Resistance - Swing Failure - Low Volume EURJPY’s immediate price action is trading at an order block resistance with a potential swing failure, allowing for a bearish bias. The current...
Based on the long-term daily log chart of Algorand, it looks like RSI has reached a low where it normally bounces relative to previous large declines greater than 60% when the 200D moving average was breached. This RSI level has signaled a bounce back 4 times before since the inception of Algorand. The probability that this will be the 5th time is very high....
XOM looks over extended and approaching heavy resistance after ER pop. I like the short setup here with MARCH 80 puts opened today, looking for some retracement / pullback expected to cool off the RSI. This isn't a long term idea, just to profit off the expected profit taking that's expected after such a strong move to the upside. First target is $77.5
Evening Traders, Today’s analysis – USDJPY- trading towards a key level of support where a bounce is probable, Points to consider, - Price Action corrective - Local OB Support (POC and .618 Fiboancci Confluence) - Weekly S/R Objective - Low Volume USDJPY’s immediate price action is trading towards a technical trade location that has confluence with a...
CADJPY has been trading in a downtrend for some time now, however the price has been respecting the key zone of 90.15/90.30. There has been multiple occasions in which the price has fallen to this area and reacted well. Since breaking below this key level on the 24th of January, CADJPY has been setting higher lows and the price has been conforming to an upwards...