CVS Health Corporation consistently going up with convergence on rsi scale and with good volumes . the price can break 1st resistance after a small drop and can reach 0.6 fib levels where a sell must be initiated
Market trading sideways, strong $10 support level. High volume candle with long lower wick rejecting support. RSI at potential double bottom level. Historic support level, showing high potential for reversal to the bull side.
XVG is standing right above the Bullish Gartley's Stop Loss Zone, still in the Potential Reversal Zone. It is coming this major trendline ; Elliott Wave count with the help of RSI makes me think that XVG finally bottomed with a truncated 5th wave. Let's note that RSI has also a Bullish Convergence. Good trade and good luck everyone, Zakaidze Omar
Overall Summary: Overall I am bearish. Bitcoin is trading in the $3600 to $4200 range during the last week, 81.5% down from the ATHs, with a market cap of $63 billion. The chart indicates a continuation of the current downtrend. The price is closest to the 200 MA with a trend towards the 200 MA. The volume has decreased slightly over the last week, which is...
There are many things happening with ETCUSD which makes now an especially good time to take a look at Ethereum Classic. In lieu of the pending release on Coinbase's main platform, those who've wanted to make their exit have all left, leaving a void ready to be filled by the bulls. This correlates nicely with the recent time cycles that Ethereum Classic has been...
RSI divergence has been coming for a while now. BTC and suitable dropped. How far will it go? RSI Support may have been reached, but last retrace BTC dropped further after RSI support found. I am expecting some horizontal movement before a further drop reaching 50% retrace and long term support. Caveat : I am not a professional trader or adviser. Do your...
Please see annotated chart for details.
The RSI can be a great trading tool if used properly. Most Traders use it for an overbought/oversold indicator and that is the worst use of the RSI. As you can see from the chart, there are multiple short term trade setup in this one hourly chart. Although I am only showing 3 examples there are many more setups on this chart but did not want to make a mess...
Please see annotated chart for details.
Please see annotated chart for details.
Please see annotated chart for details.
Please see annotated chart for details.
Please see annotated chart for details.
Please see annotated chart for details.