Ford was oversold off the grey MONTHLY zone and will retrace back to the reddish INTRADAY Zone I mapped out for a short countertrend gain.
1. 4 hour RSI was oversold. 2. if we draw a line from the 2 points where the RSI were previously oversold, we can see a trend continuation. 3. Target is the next resistance point, found by drawing a horizontal line.
Only on USD exchanges since USDT exchanges closed at a different price. Fractal for bull market of 2015-2016. Back then we saw a bull market (from the end of the 2013-2015 bear market) which ended with a weekly bearish divergence on the RSI . The bottom of the following ~70% retrace in 2016 was marked by a bullish weekly divergence. Now we can see that the...
Only on USD exchanges since USDT exchanges closed at a different price. Fractal for bull market of 2015-2016. Back then we saw a bull market (from the end of the 2013-2015 bear market) which ended with a weekly bearish divergence on the RSI. The bottom of the following ~70% retrace in 2016 was marked by a bullish weekly divergence. Now we can see that the...
RSI over sold, Stochastic crossing in 5, 15, 30 and 60 min. and bollinger band touch. Also a hammer at 5:30 pm.
This pair has been diving under and missing every daily pivot since August, 2; due largely to fears of a Brexit deal not materializing. Multiple indicators show RSI divergence and oversold.
BTCBAT oversold on RSI and Stoch on the 1 hour. I believe a bounce is imminent.
As BTC nears towards the end of the wedge, a bullish case presented itself on the daily chart. A gleam of hope on btcusd daily chart. RSI makes higher highs moving away from the oversold territory as it makes lower lows on price action. Market sentiment favors the upside.
The daily stochastic and RSI seem to point to a bounce soon, and there will likely be much resistance at the 1552 mark. Considering it’s oversold when looking at the daily. I wouldn’t expect it to drop below 1552. So I am suggesting a new bull run to ensue shortly. I'm no expert, so take what I say with a pinch of salt :) Cheers.
We've been trending sideways a lot lately. We mostly have pumps and long consolidations, not a proper trend. So, here are some tips on how you can trade and survive in this market. There are 2 basic ways of trading sideways trends. I'm using the M15 chart to illustrate. 1) Treat everything as a range. Trade breakouts from the range. Place Buy Stop orders above...
- RSI is oversold on the daily (27.8) (RSI not included on the chart above). - MACD is making higher lows, while price is making lower lows - bullish divergence. - This bull div is also confirmed on OBV, which you can see here, with multiple ascending trend lines on the lows - Price recently hit a low of 362 - the last bottom before this was 325, so it seems very...
What do I look for when using RSI? Using RSI, you can get a framework of when to get into a trade or not. In my experience, this strategy works more than half of the time. So if you are using the proper risk, this strategy should be profitable. In this particular example, the strategy actually worked 100% of the time. Past performance does not guarantee future...
Hi guys, on the daily chart EURNZD is in oversold condition and it's also testing a key structure zone. That's why i've highlighted the yellow box that you see above. In cases like this, i like to go on smaller timeframes looking for additional clues to take a trade. In this case i've found multiple hints: first of all, on the 4H chart we can see a couple of...
Dear Cryptuminati, I'm so excited. The Eye of the Cryptuminati sees a trading opportunity! To achieve this, the supertrend has to turn to green. Personally, I'm not getting in until then. Over the last three years, an oversold situation in the RSI has led to subsequent price gains. Sometimes there was another test, then it went out again and again. Now we have...
If you would look historically each time RSI hits 20 on the 4h chart we see a bounce playing out I will be buying up some BTC here @ $7,500 to sell at about $7,850 as the target. Placing a stop here is very inconvenient so it's very risky :O
We have MNST showing a typical elliott wave pattern. It might dip down further but know that we are about to see an ABC bounce back. We also have a tell tale oversold point on the RSI so we should be looking at a pop but I am going to buy around B instead of now just to confirm that the stock is making an ABC pattern. Will keep you guys updated --
Hi guys, today i want to talk about why i'm going long on this pair. Starting from our daily analysis, you all can see that price is testing a former level of resistance that now can turn into support. In addition to that, we can also see the RSI is in oversold condition and the price has created an harmonic pattern called Gartley. Going down on lower timeframes,...