As demonstrated, this pair has reached to the bottom of the Daily Trend Line and has slightly broken through. When looking at the 4hr time frame, it is noticed that the pair is very considerably oversold on RSI. Instant entry or possibly wait for the market to reach support.
Hey all.... Well, the RSI divergence from my last chart crashed and burned, however, it has revealed an anomaly I had to share. GLD has just moved the exact same distance as it did in November and December 2016. On the Weekly chart, this is also the last time RSI was this oversold. Also, while not exact, there was a similar wave structure preceding the move in...
It's so cliché but... if Bitcoin was actually subject to repetitive cycles? According to this hypothesis, we would then have the following "algorithm" for investors: WHEN (RSI14 > 90) AND (MA9 > MA20) THEN IF(1st Occurence == True) THEN // Bear Trap! WAIT (OR... SELL and BUY the correction soon after) ELSE // 2nd Occurrence = Bull Trap! SELL and...
Hello traders! In the last month the EURJPY has created a Bullish Support trendline. The price of the EURJPY is getting close to this area again, and so we should expect a bullish bounce up from this trendline. MACD is already crossed but I think it's a fake cross and the price will drop down just a bit and then it should make a nice cross. RSI is going Oversold....
Hello traders! In the last 6 months the EURUSD has created a consolidation trend and a really strong Resistance area that has been tested multiple times. The price of the EURUSD is getting close to this area again, so we should expect a bullish bounce up of this area. The MACD is on its way to make a cross and RSI is already oversold. I wish you the best of luck...
In the last month the USDCAD has created a double bottom in the significant price reverse area that has been tested many times in the past. The price of the USDCAD is getting close to this area again and that means that the price should bounce Long, when it gets there. RSI is Oversold. The confirmation of this trade would be the cross of the MACD at -0.004 down to...
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...
Hi traders, this is my view on EURMXN. What we see now is a higher low at 20.10 what give us a good idea to go long. So we can trade swing with a target over the last higher high with small risk. I´m at this trade since 20.12 and will hold it over weeks to the target, my SL is tight at 20.08. I hope it helps somebody to catch some profit out of the market. I...
This chart uses Heikin Ashi Candlesticks with CM TrendBars (21D), EMAs (9,15,21,55), RSI (13D, 80/20 ranges) and a MACD indicator. Most trend traders are familiar with Heikin Ashi candlesticks. HA means ‘average’ in Japanese because these candlesticks ‘average out’ prices vs traditional candlesticks that are based on OHLC. This has two benefits: it reduces noise...
$LTC has been following $BTC down as we near 2019, but we are much farther from ATH on litecoin than Bitcoin. The RSI is again showing somewhat oversold signals at -20, indicating we could see a crossover event in the next few months or weeks. Seeing these prices again might be unlikely, so do your own research and find the trends that fit your trading style. I...
as we are purely technical , we only look at what the chart tell us . and in this case we can see that there is a divergence on the weekly chart with the price sitting on a major support area, with rsi oversold. reasons to look for ling on the pound ( position trading as this analysis is based on the weekly chart) 1- divergence 2- strong support
The weekly timeframe seems to clearly show where the sellers are pushing the price of Bitcoin to. Or are we going to have a retracement to test the $5000 resistance area at the end of this week, as the RSI approaches the oversold region? Please share your ideas?
NVDA has seen sharp price drops in the recent month due to a correction in the tech sector as a whole and a crash in the crypto market which is a substantial revenue driver. However NDVA recently found several days of price strength confirmation at 23.6% Fibonacci retracement. Also the RSI dipping below 30 suggests that NVDA is either oversold or undervalue, both...
The 200 SMA is closing in at around 3140, an area with strong support, and notice the big pocket in the volume profile. If we go lower i expect a strong bounce in this area.
rsi and ichimoku both looking pretty hot
History has shown many time that the word oversold can be very misleading, especially for people thinking this is the bottom. I have made the mistake of falling into this trap and thinking prices can't go lower so this is a reminder to myself and others to be very careful believing this word to be truth and factual. Its the Relative Strength Index ( RSI ) not the...
AUDNZD Trading Bias: Long Technical Strategy: AB=CD Pattern *If you do not know how to trade using this technical strategy, please send me a PM. I will help you* We sold AUDNZD on the way down. We buy it on the way up now.