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Basic Attention Token (BAT) / BTC - Regular Bullish divergenceFollowing a near 80% correction since August and oversold condition (orange / dark orange column); an ‘incredible buy’ opportunity now exists. The above 2-day chart has now printed Regular bullish divergence between price action and all oscillators (RSI, Stochastic RSI, & Money Flow Index). Divergence with all three is powerful. Is it possible price action falls further? Absolutely. Is it probable? Very unlikely. Target? 5000 sats or 500%+ from here. Good luck & be patient.
Long
by without_worries
1
bottom fishing"George Lane identified another form of divergence to predict bottoms or tops, dubbed “set-ups.” A bull set-up is basically the inverse of a bullish divergence. The underlying security forms a lower high, but the Stochastic Oscillator forms a higher high. Even though the stock could not exceed its prior high, the higher high in the Stochastic Oscillator shows strengthening upside momentum. The next decline is then expected to result in a tradable bottom." A bear set-up occurs when the security forms a higher low, but the Stochastic Oscillator forms a lower low. Even though the stock held above its prior low, the lower low in the Stochastic Oscillator shows increasing downside momentum. The next advance is expected to result in an important peak.
NASDAQ:IONSLong
by KhanhC.Hoang
2
A fool's buy order.Hi. I've had a lot of burns with choosing the right entry points in different assets, so I've formed a strong cynicism towards the 2024 market. CHZ is a great asset, exploding in the good old days. Yes, I see a lot of people waiting for his shot right now. However, using a large timeframe (10D) and the latest Linear Regression Oscillator , you can see that things could be potentially volatile over the next few months and a squeeze to the lows is possible. Oversold conditions may develop for some more time. In addition, my favourite SQZMOM warns of an imminent start of a downward expansion (grey cross). What did I do? I placed a buy order. At $0.015 . :) If I turn out to be right, I will enter more than successfully. If it turns out that the Daily timeframe has already confirmed support and a move is only forming upwards, I will consider buying from current levels.
by averkie_skila
1
a bull set-up from Stochastic Full indicator.According to the Chart School from Stockcharts.com, a bull set-up from stochastic full is basically the inverse of a bullish divergence . The underlying security forms a lower high, but the Stochastic Oscillator forms a higher high. Even though the stock could not exceed its prior high, the higher high in the Stochastic Oscillator shows strengthening upside momentum. The next decline is then expected to result in a tradable bottom. Horizontal lines and zones are supports (entry for bulls and exit for bears) and resistances (exits for bulls and entries for bears). Diagonal lines from Fib fan/channel are for trend-determination and additional levels for active trading. The market is actively moving so the entries and exits constantly change. Trade small if you want to practice!
NASDAQ:CGCLong
by KhanhC.Hoang
1
FirstRand - Area of interest- Price has pulled back from its recent swing high of R74.75 - Currently in a support zone where i will look to open a starter position and add to as the price action develops. - RSI deeply oversold with a relief bounce likely. - Only below R60 do i turn bearish on the overall picture. The Relative Strength Index (RSI) is a popular momentum indicator used by traders to evaluate overvalued or undervalued conditions in the price of a security. It measures the speed and magnitude of a security’s recent price changes and is displayed as an oscillator on a scale of zero to 100. The RSI can provide insights into bullish and bearish price momentum, and it is often plotted beneath the graph of an asset’s price. Traders use the RSI in various ways to support their trading decisions. Here are some common applications: Overbought and Oversold Conditions: An RSI reading of 70 or above indicates an overbought situation, suggesting that the security may be due for a price correction1. Conversely, an RSI reading of 30 or below indicates an oversold condition, suggesting that the security may be undervalued and due for a potential rebound. Trend Reversals: The RSI can help identify potential trend reversals or corrective pullbacks in price1. Traders look for divergences between the RSI and the price chart to spot potential shifts in market sentiment. Buy and Sell Signals: Traders often use the RSI line crossing below the overbought line or above the oversold line as a signal to buy or sell1. However, it’s important to note that the RSI works best in trading ranges rather than trending markets. It’s worth mentioning that the RSI is just one tool among many used by traders. It is often used in conjunction with other technical indicators to develop comprehensive trading strategies.
JSE:FSRLong
by Trader-Dan