Exact Sciences is a biotech stock that is overpriced.
It's time to sell
We touched 3 times the resistance line of a rising wedge pattern, impulsive wave pattern, and RSI 71 weekly overbought zone, the Q2 doesn't seem good.
A leg down to 60$ retesting 69$ which is the resistance line of a rising wedge dropping below 40$ and based on the Q2 announcement either...
Instructions:
1) The Relative Strength Index (RSI) shows that the asset is temporarily overbought/oversold, suggesting a possible trend reversal.
2) Bollinger Bands indicator shows that the asset is currently in an upper/lower resistance/support zone.
3) The Forex Stochastic Oscillator (Stoch) helps identify buy and sell moments based on comparing the current...
Instruction:
1)The Relative Strength Index (RSI) shows that the asset is temporarily overbought/oversold, suggesting a possible trend reversal.
2)The Bollinger Bands indicator shows that the asset is currently in an upper/lower resistance/support zone.
3)The Stochastic Oscillator (Stoch) in forex helps identify buying and selling moments based on a comparison of...
In recent times, the stock price has been increasing exponentially, but it appears that the RSI level of 70 (purple line) has halted the upward momentum. If the uncertain market sentiment continues, the stock may weaken towards the lower Bollinger Band (orange line) and the 50-day moving average (gray line), reaching approximately 107-108 (green circle).
It is...
Moving Averages:
15m TF: Price could go test the 100 EMA (at tp2)
Weekly Timeframe: Price could make a brief pullback at the current resistance zone before continuing to the upside.
Monthly Timeframe: Price is bullish but at a resistance level at the moment. Let's see if price will reject it or break through.
RSI & MACD ready for a downward move on the 15m,...
Hi! This is my first post, and do let me know if you think I'm wrong on any of this.
As we can see on the RSI indicator, EJ pair is curently very overbought.
Furthermore, we're facing a probability of a double doji close on 1h chart.
Currently, EJ seems very exhausted, and to me it seems like it is only a matter of time before it tests resistance at TP1 and...
As my title indicates, this plot highlights facts above all:
- Bitcoin price follows "Square Root" channels (SQRT function)
- All with an alternation of local Dips (each time higher than the previous ones) and new All Time High (ATH)
- These cycle Dip always materialize by an RSI 14 under a value of 34, showing an oversold (see my analysis of 2018-12-18 in link...
BTC/USD 1 day chart quick update.
Here is a closer look at this 1 day chart.
BTC is in an Ascending Channel Pattern.
BTC is still in a Falling Wedge Pattern.
BTC is still in a Descending Channel.
BTC is still in a massive Ichimoku Y Wave Pattern.
At the moment of typing this, BTC is fighting to stay back above its 200MA. If BTC CLOSES this or tomorrows daily...
Short call in Tesla. Ratio 3.06.
Out of Bollinger bands and the RSI is well overbought. As usual, I'm following the fibonacci levels for the take profits.
Levels: - $180 short
- $169.61 TP1
- $161.00 TP2
- $183.40 SL
bearish signal if bitcoin fails again at resistance.
Bullish signal if bitcoin cross the resistance.
(white bottom dash line)
RSI still overbought currently.
i tend to be Bearish on that
This is how I see it. Two months ago when FTX crash happened, it created a hole in daily S/R levels, as we can see on VRVP on the right, which was easily used to rise the price again, but no significant increase in volume between big moves. The brightness of the candles on my chart is showing volume per candle. Last three days, we got new highs without volume....
In this chart we see many signals that indicates that Bitcoin is overbought and that the price will soon be corrected and go back down.
- A trendline connected 3 corrections, but then the price rallied, thinking it doesn't has to come back to the trendline, meaning it is too bullish and is overbought.
- Candlesticks broke above the Bollinger Bands (BB), meaning...
To everyone that is overly exited with Bitcoin right now... Calm down!
Yes Bitcoin has rallied quite a bit for the past day, but don't jump on it too quickly because it is extremely overbought. As shown on the RSI, the price is largely above the 70 mark, meaning that people are buying excessively and that the price will soon come back down.
If you gained from...
In this ETH/USDT chart, we use the Fibonacci Retracement to look at resistance and support levels and try to predict what will be Ethereum's next move.
We see resistance at 0.65 (price at 1.7k), 0.786 (price at 1.8k), and at the "GOLDEN POCKET". What is the Golden Pocket? It is an area between 0.618 and 0.65 where significant reversal often happens, and in...
What is the RSI Color Extremes Script?
The RSI Color Extremes Script is a different take on the traditional RSI. With a shorter period setting, short-term trends and extremes can be detected.
How is RSI Color Extremes different from the traditional RSI and Connors RSI (CRSI)?
While the traditional RSI is 14 periods, the default setting for this script...
