As RSI indicator is close to 30, we can expect that the price will decrease a little bit more to reach the support level , then we expect a trend reversal , so we suggest to take a long position.
Entry: when the price retest the support level;
Target: at the resistance level;
Stop loss: as in the chart (6,22%).
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on September 23, 2022 with a closing price of...
$AMD has been in a downward trend since the beginning of '22. Reaching the its nadir in the beginning of July. As we approach that low again, confirmed by oversold RSI, look for a possible rebound back to 0.382 on the fibonachi ($84) off the August high.
INT C at big support .
RSI oversold on every time frames, even monthly!
This is monthly chart.
Good risk reward for a long swing trade with a stop right below the red line. A bounce to 33.76 is possible.
If goes down, not much to lose here...
Trade safe!
We have taken a long position on EURAUD.
1) It is an uptrend on H4 and D1.
2) Oversold on M30, M15
3) Divergence present.
Reversal is complete so we have entered at 1.4750
With LINKUSD touching the 200EMA on the hourly, this could be a good spot for a push back to previous area of around $7.12 in the short term especially at extreme oversold levels. This isn't a long term BUY as $LINK has to make it past the downtrend line for me to consider a massive move but in the meantime might as well make a little gain. Good opportunity and...
Saw EURUSD coming back past the major support zone and replicated my previous trade from before for a quick 25 pip win here. This was in and out & quick. Oversold massively on RSI levels and at a previous bounce point. Easy 1:1 here.
Sentiment is still weary for EURUSD as it continues to struggle in this zone.
While $RVLT, the governance token for the "Revolt 2 Earn" DAO, is still very new in its lifespan, there seems to be a great long trade set-up here. $RVLT is the sister token to $CULT, the governance token of the Cult Dao. This is a trade set-up I, personally, have been waiting for very adamantly. I will be personally holding most of my $RVLT much longer-term,...
AZN offers a good entry at the $60 level with a well calculated risk 1:3.
The further discussion about the next vaccination, the upcoming winter and the oversold RSI should trigger the stock into profit pretty well.
First, this is not entirely my idea. Someone posted it in chat, and then deleted it immediately and then I couldn't find them or their chart. But I saw it long enough to get the picture. The 3 bounces prior to this one since $17.8, have all crossed over above 30 on the RSI, on the 4 hour. Generally those aren't oversold enough conditions to make significant...
Pretty interesting relationship between QQQ vs SPY.
QQQ/SPY started massively deviating from the long term trend around March 2020.
We've since reverted to the mean a bit, and are now potentially showing signs of a top, which would mean QQQ is set to underperform vs SPY.
Double top scenario:
-we get rejected off the 21-week EMA, then break down from the...
BAC stock price is trading at a major Fibonacci retracement level. Price is in bearish trend making lower lows and lower highs. There is no sign of a reversal yet. The RSI is not making lower lows, producing bullish divergence signals. I believe that the most probable scenario is for BAC stock price to form a bottom and signal a reversal to the upside soon, this...
The Stoch RSI can be a very helpful indicator once you know how to use it.
1. Only use it when the price is in a trend.
2. There is no overbought in an uptrend and no oversold in a downtrend.
Anyway, as you can see on the chart, it's time for the USD to bounce back up.
Best Trader ,
as you see the btc inside a channel , until yet i dont have any price action for confirming (short or long ) , if you see this structure on 1H you will find the RSI on bottom thats why i,m afraid to go short , i will wait maybe for a trap with price action so i have more confirmation
thanks
