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Rsioverbought

SHIB Analysis: Breakout Confirmation and Potential UpsurgeThis analysis examines the recent breakout of Shiba Inu (SHIB) and assesses its potential for further upward movement. Previous Analysis Validation:🫶🏻💪🏻 The previous analysis successfully predicted the price reaching the anticipated weekly resistance level. Breakout Confirmation:📊📈 The recent breakout above the weekly resistance level confirms the bullish trend reversal. Breakout Confirmation: The recent breakout above the weekly resistance level confirms the bullish trend reversal. 4-Hour Trendline and Triangle Pattern:✅ A breakout above the current 4-hour trendline is expected to further validate the uptrend. A successful breakout from the triangle pattern also indicates a continuation of the upward momentum. RSI and Risk Considerations:⛔ The RSI indicator is not yet in the overbought zone, suggesting that there is room for further growth. However, the lack of strong momentum warrants a cautious approach to entering new positions. Conclusion: The successful breakout of Shiba Inu BINANCE:SHIBUSDT and the bullish technical indicators suggest a potential for further upward movement. However, traders should exercise caution due to the absence of strong momentum. This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.
Long
by SoliNash
📈DYDX: Is it finally breaking out?🔥🔔🔍DYDX is finally breaking out of its consolidation range after 672 days. The price is currently trading above the supply zone and is supported by a well-defined curve. This could be the start of a parabolic move. ✅The fixed range volume profile indicator shows that we have broken out of the high-volume zone and are ready to start moving. The SMA25 indicator is also confirming the move and is moving along with the price. 🛒The current candle is a good opportunity to buy spot. We can enter after the candle closes. The stop-loss should be placed at $2.5, which is the previous low and the POC of the fixed range volume profile. 🚀For targets, I am looking at $7.8 and then $23.7 (ATH). However, I will not place sell orders now. I will wait and see how the price reacts to these levels. 📊One positive thing about this coin is that the volume has increased significantly during the recent move. This shows that traders are paying more attention to this coin. 💥The RSI oscillator is also entering the overbought zone. This increases the chances of a parabolic move. However, with the high buying volume, we can expect this move to be upwards. 🧠💼This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
Long
by itsparham96
1
📈Cardano (ADA): Bullish Breakout & Potential Targets💸💎🔍Cardano (ADA) has broken above its previous resistance level and formed a higher high on the weekly timeframe. The coin has also successfully broken through the supply zone at $0.6 and activated a rounding bottom pattern. 🛒Currently, ADA is in a good position for a long trade. However, if you want to be more conservative, you can wait for a pullback to the $0.65 zone before entering a trade. 🚀The next resistance level for ADA is between $1.1 and $1.2. We can expect the price to at least touch this level, making it our first target. The next resistance level is at $3, which is the coin's all-time high (ATH). This level is likely to hold the price for some time and could be a good area to take profits. 📊On the positive side, volume has been perfectly in line with the trend since October 2023, confirming the uptrend. There is no bearish divergence on the volume indicator. The breakout candle also had high volume, which could be the start of a new uptrend. 🗯The RSI oscillator has recently entered overbought territory, which could lead to increased market volatility. The RSI could rise to a resistance level of 81.99, in which case our first target is likely to be hit. 🛑I recommend placing a stop-loss below the previous low of $0.45. This would give you a slightly tighter risk tolerance compared to the previous recommendation, while still maintaining a reasonable risk-to-reward ratio. 🧠💼This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
Long
by itsparham96
Bitcoin Analysis: Correction or Continuation?📈✅Bitcoin is the largest cryptocurrency by market capitalization. It has been on a bullish trend since the beginning of the year. 🔍Bitcoin has broken out of the primary resistance at $30,750 and has started a new primary trend. The price is currently in a very important supply zone near the ATH and we can expect a correction or pullback. 🚀The ascending channel has been broken from above and the price is continuing its movement with a curved trendline. The target of the channel is between $85,000 and $90,000. 🛒If the price starts to correct from here, we can wait for confirmation of the price for buying in the ranges of $42,500 to $45,000 and $35,000 to $37,000.However, if the resistance at $69,000 is broken, we should wait for it to start correcting and enter the correction. 🗯The RSI oscillator is also in the overbought zone and is facing resistance at 88. It may come out of the overbought zone, however, if it can break its resistance, it can move up to 95, in which case the price is likely to hit the channel target. 📊In terms of volume, it has increased after breaking $30,750 and is confirming the trend. 💎If you have bought Bitcoin from the lower levels, I suggest you wait for it to react to the resistance and if it rejects and makes a heavy red candle, you can take profit. If the supply zone is also lost, you can still hold. 🧠💼 This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
Long
by itsparham96
ETH Renko (Daily 14pd ATR block size), Potential Reversal @$3k My recent idea of a rising wedge bearish continuation pattern may be invalidated at this point because of ETH's pop up the 3k (unless i'm willing to accept the blemish of a large fakeout breakout). However, it still remains that things are looking overheated on multiple time-frames (w.r.t regular candles). Moreover, volume has been decreasing throughout this entire extended uptrend. So I took a step back and tried to see if renko bars could off a clearer view of that's going on with ETH. Looking at fib lines, there appears to be confluence around the $3000 level where ETH is currently meeting short term resistance. To a naive eye like mine, stoch rsi (14) and regular rsi (14 & 7) appear to be in a slowing/coiling uptrend. Perhaps a trend reversal is due assuming assuming the $3000 level holds as a stiff resistance and we get a legit bearish cross on the stoch. In the event of reversal, i'll be looking at $2500 and $2100 as the first levels levels to add. However i'm aware that we could go quite a bit lower if we actually reverse trend. Full disclosure, I sold around $2650 so yes i'm a little salty that we popped up to 3k haha.
INDEX:ETHUSD
by rlando
MSFT to $395Overview Microsoft ( NASDAQ:MSFT ) appears to be within an ascending channel and has reached the resistance line that coincides with the peak of an impulse wave (Wave 3). Utilizing the impulse waves within the channel, a price target of $395 seems probable and may provide a decent Puts trade. If the ascending channel provides textbook formation then a low of $365 is also possible, however, volume and selling pressure should be carefully watched around the $395 price level as steeper declines will require more validation. The following technical indicators give me confidence that significant selling pressure will soon occur: Volume -- except for a single outlier in December -- has been steadily decreasing since the channel developed. On-Balance Volume appears to have reached a ceiling that will need to be carefully watched in the event of a breakout. Relative Strength Index shows an RSI (green) retreating from the overbought zone. While it is experiencing a slight uptick back to the MA (red), there is still plenty of room until the indicators approach oversold or for the RSI to cross from beneath. Moving Average Convergence Divergence (MACD) has just crossed its signal line (red) from above and is nosediving downward. In addition, it is showing a divergence as the peaks of the MACD are inverted from the peaks of MSFT's share price.
NASDAQ:MSFT
by Shepherd_Investor
BK ⬆️ Long Trade Setup ⬆️Hello Everyone 🙋🏽‍♂️ resistance + RSI Signal 💲 Entry Point : 52.14 🟢 TP 48.87 🔴 SL 53.45 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
NYSE:BKShort
by EMA_Trading
1
USD/ZAR ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽‍♂️ Demand zone + RSI Oversold 🟠 EP 18.89879 🔴 SL 18.98955 🟢 TP1 18.77636⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 18.68988⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 18.59142🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Short
by EMA_Trading
2
LINK/USDT ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽‍♂️ RSI +Supply zone + double TOP 🟠 EP 15.804 🔴 SL 17.263 🟢 TP1 14.226 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 12.856⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 11.398 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Short
by UnknownUnicorn60802882
NZD/USD ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽‍♂️ Supply zone + RSI Overbought 🟠 EP 0.62064 🔴 SL 0.62211 🟢 TP1 0.61858 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 0.61674 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 0.61471 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Short
by EMA_Trading
8
BTC/USDT Short Trade Setup ⬇️Hello Everyone 🙋🏽‍♂️ RSI +Supply zone 🟠 EP 41817.27 🔴 SL 42415.36 🟢 TP1 41089.66 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 40375.82 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 39553.73 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Short
by UnknownUnicorn60802882
LABU / LABD Medical Leveraged ETFs Flip Strategy.LABU is shown here on a 2H time frame. I am holding 500 shares having bought November 14th on golden cross of fast and slow hull moving averages. The unrealized gain is 50%. Here, I determine that I should en bloc or in increments close the position. First, on the dual time RSI indicator of Chris Moody, the RSI is now over 60 and approaching 65. Price pivoted when RSI was in this range as shown by the red down arrows on the chart. A fibonacci analysis is that the LABU downtrend of early September to late October has now retraced in the range of 50% with the mid levels shown on the chart from the drawing tool. Because of these two considerations, I believe that I should bank the 50% profit in less than 3 weeks and perhaps take a position in the inverse ETF LABD. I will do this on a 15 minute time frame, take off one fifth of the position daily at the high of day as determined by an alert for the faster Hull Moving Average doing down instead of upsloping. At the same time on the LABD 15 minute chart I will buy a corresponding position at the low of day again using an alert. By the end of the five days, the LABU position will be closed and the profits redeployed into LABD. When LABD retraces 505 of its downtrend and RSI rises above 60, I will consider fading the position and retaking a position in LABU. thus toggling positions in the inverse ETFs as analysis and indicators dictate.
AMEX:LABULong
by AwesomeAvani
1
BTC/USDT Short Trade Setup ⬇️Hello Everyone 🙋🏽‍♂️ RSI +Supply zone 🟠 EP 38847.88 🔴 SL 39094.40 🟢 TP1 38656.14 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 38221.29 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 37861.77 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Short
by UnknownUnicorn60802882
BTC/USDT - Short term SHORT with 2 Target ZonesThere is a potential for a short term SHORT trade on BTC/USDT. If todays bar closes < 34.7k (~3.5 hours till close) there is potential for a short. There are two target zones: Yellow zone, this is the most likely zone it may dump to between 32.5 and 32.8k White zone, between 30.3k and 31.8k, this may happen if the lower level of 32.5k in the Yellow zone fails to hold. Please note that the upper level of this zone at 31.8k may also act as a Support. There are many reasons why this short may happen: The price faced resistance at the trend line. The price has closed above the upper purchase zone level since October 16th, and it MAY close below it today. We are currently in a Blood Diamond which has been confirmed (white circle within the YinYang Momentum Oscillator). YinYang RSI is at 98.08 and very Overbought and is closing in with the YinYang RSI MA which is now at 94.94. The Buy Volume is bending towards the Sell Volume. YinYang Momentum is very Overbought, the predictive mountain is already angling towards the regular and may dump inside of it soon. Likewise we can see the Confirming Blood Diamond appeared on the current bar (white circle). YinYang Momentum Trend Line has turned Bearish. The reason it may correct to these zones specifically: Yellow Zone: The Basis line is here. There is a Downwards Trend Line within here. The Fourth level of the Purchase Zone is there. White Zone: The high of 31.8k was a long lasting Resistance Pivot. the low of 30.3k is where the Volume Profile is. the low of 30.3k faced lots of resistance recently. Please note this is a short term short, on the long term BTC may remain bullish. Indicators used to make this analysis: YinYang Trend YinYang Volume YinYang Momentum YinYang RSI
Short
by YinYangAlgorithms
NVDA can it fall from the ceiling after EarningseOn the 2hr chart, NVDA popped from earnings over 20% putting with a PE Ratio sky high on the promise of semiconductor heaven and AI ecstasy. Can it stay there ? Will it lead other technology companies ( semiconductors / cloud services / AI et cetera) higher as well ? Is it now overbought and looking at a glass ceiling? The indictors suggest a near-term top, I think. ( Money Flow Index. Stochastic RSI ). Accordingly, I will buy put options striking $ 400 for expiration 7/21 and be quick to take profits expecting NVDA to equilibrate in less than a week. In th meanwhile, I will hdege by keeping my AMD and MU call options open figuring that they will jump up as copy cats of this move. I will cut them loose as soon as price action and a loss of volume suggest retracement as well. I see buyers who got in late with high FOMO to be the lad sellers fueling the put options into easy profit.
NASDAQ:NVDA
by AwesomeAvani
2
Buy and Sell signals from MACD and RSI scriptThis code includes various input parameters that users can configure, including RSI and MACD periods, RSI overbought and oversold levels, MACD timeframes and signal period, and stop loss and take profit levels. By using the input() function, users can easily change the values of these parameters through the script's settings/inputs, without needing to modify the code itself //@version=5 // Author: divinedestinyman strategy("RSI-MACD Strategy with Multiple Timeframes", overlay=true) // Define input parameters rsi_timeframe = input(title="RSI Timeframe", type=input.resolution, defval="D") rsi_period = input(title="RSI Period", type=input.integer, defval=14) rsi_overbought = input(title="RSI Overbought Level", type=input.integer, defval=70) rsi_oversold = input(title="RSI Oversold Level", type=input.integer, defval=30) macd_timeframe = input(title="MACD Timeframe", type=input.resolution, defval="D") macd_fast = input(title="MACD Fast Period", type=input.integer, defval=12) macd_slow = input(title="MACD Slow Period", type=input.integer, defval=26) macd_signal = input(title="MACD Signal Period", type=input.integer, defval=9) stop_loss = input(title="Stop Loss", type=input.float, defval=0.02) take_profit = input(title="Take Profit", type=input.float, defval=0.02) // Calculate RSI and MACD values rsi_value = request.security(syminfo.tickerid, rsi_timeframe, rsi(close, rsi_period)) = request.security(syminfo.tickerid, macd_timeframe, macd(close, macd_fast, macd_slow, macd_signal)) // Generate buy and sell signals rsi_buy_signal = crossover(rsi_value, rsi_oversold) rsi_sell_signal = crossunder(rsi_value, rsi_overbought) macd_buy_signal = crossover(macd_line, macd_signal_line) macd_sell_signal = crossunder(macd_line, macd_signal_line) // Plot RSI and MACD lines plot(rsi_value, color=color.yellow, title="RSI") plot(macd_line, color=color.blue, title="MACD Line") plot(macd_signal_line, color=color.red, title="MACD Signal Line") // Execute long and short trades based on signals if (rsi_buy_signal and macd_buy_signal) strategy.entry("Buy", strategy.long) if (rsi_sell_signal and macd_sell_signal) strategy.entry("Sell", strategy.short) // Close long and short trades based on signals if (macd_sell_signal and strategy.position_size > 0) strategy.close("Buy") if (macd_buy_signal and strategy.position_size < 0) strategy.close("Sell") // Set stop loss and take profit levels for long and short positions strategy.exit("Exit Long", "Buy", stop=close * (1 - stop_loss), limit=close * (1 + take_profit)) strategy.exit("Exit Short", "Sell", stop=close * (1 + stop_loss), limit=close * (1 - take_profit))
PEPPERSTONE:US30
by divinedestinyman
1
XAU/USD Possible BreakdownHello friends. I saw a Strong Trendline Breakdown in Gold and Decide to share with you my opinion. I think Gold is in Overbought Area and It will record some correction in coming days. So i have some reasons for my opinion: 1-In Daily chart we can see a strong Bearish Engulfing candle (as you see in picture below) 2-in Daily chart we can see a Divergence Between RSI and Price in Overbought Area (as you see in picture below) 3-A Strong Bullish Trendline Breaks down in 1H. 4-We reach an important Resistance near the last High and psycological level of 2000. so for this reasons i think Gold experience a little correction in coming days. I think Gold will reach targets like 1900 an after that 1880. I hope you like my idea and i will be happy if you share me your opinion too. Thanks for reading my idea. Just dont forget to set a good Stoploss and enter a trade with at least 1:1 R/R.
TVC:GOLDShort
by TraderAmin-KZ
2
BTCUSD: Bearish Bat Looking to retrace back to $18448.51Bitcoin looks ready to begin creating the Potential Right Shoulder of this Potential Inverse Head and Shoulders as it is at the level of what would have to be the neckline while overbought and within the 0.886-1.13 PCZ of this Bearish Alternate Bat it's traded within. If this Inverted Head and Shoulders plays out, the Alternate Bat will underperform and not give us the full 100% Retrace backdown to 15.3k; but if not the price will go much lower and perhaps even lower than 15k so i will be managing risks from here. For the time being i will be taking a third of my profits off and buying a monthly strangle along with a seperate weekly slightly OTM put as a way to secure my position on price action at a lower risk.
COINBASE:BTCUSD
by RizeSenpai
3
XRPUSD - Overbought - ShortOn the chart of Ripple (XRP) we can see the price is approaching a overbought condition on 4h timeframe. This would mean when the overbought condition is confirmed the price will retrace. The three indicator used are the Bollinger Bands, Relative Strenght Index and the Stochastics. At the moment the RSI needs to increase a little bit more. For now the price will move up and once it has reached the resitance the price will drop. See all further details on the chart. Goodluck!
BITSTAMP:XRPUSDShort
by vf_investment
6
ETHUSDT - RSI Shows More Upside 📈Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩(will be moving to corporate some time in Jan 2023)🏫 By using technical indicator RSI, we can see Ethereum has potential to see another push upwards. However, there is a formidable resistance zone and the candle would have to CLOSE ABOVE the resistance trendline in order to consider a reversal. A wick will just be stop hunting, therefore a candle close on a higher timeframe will be the most reliable indication. From a candlestick analysis, three white soldiers have formed but again, the diagonal resistance zone will have to be broken in order to continue upwards. Interested in my view on BTC using RSI ? Check out this idea: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by Crypto-Check-
31