RSI Bear Div + RSI-Stoch Bear Div in overbought zones, in line with ATH trendline, wouldn't be surprised to see a bull trap around 4070. Bulls will think ATH trendline is broke but just testing VWAP from ATH middle band.
On 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...
Evening Traders, Today's analysis, FTMUSDT, trading towards an area of support that has significant confluence - Daily S/R Support - PSFP Region - VAL of local Range - Bullish Falling Wedge FTMUSDT's immidiate price action is corrective, it is trading towards an area of HTF support and liquidity. Changing market strucuture at such region of support will...
Evening Traders, CADJPY is trading towards a key region of support where a bounce is probably to create a local trading range Points to consider, - Liquidity Area - Weekly Support - .618 Fibonacci - VWAP CADJPY having a bullish reaction of this support level will be a strong sign of a local bottom, there are four technical confluences at the current region
On the DOGEUSD chart (1h timeframe), we can see the price is currently oversold. The price is reaching a support area. Once the price has entered the support area it's likely for the price to bounce back up. All three indicators used are Bollinger Bands, RSI, and Stochastic. All three indicators confirm the oversold condition. All further details are shown on...
On the BTC-USD chart (1h timeframe), the price is currently overbought. In this analysis, all three indicators are suggesting an overbought condition. The indicators used are the Bollinger Bands, RSI and Stochastics. This could mean that the price will drop when there is a confirmation of the price going down. When this happens a short position can be taken and...
On the chart, we can see TRXUSD is currently oversold. This oversold condition is suggesting that the price will bounce up. This is a short-term setup and the profits could be taken at the target. The three indicators used are Bollinger Bands , RSI and Stochastic . See all further details on the chart. Goodluck!
Hello my Fellow TraderZ, In my previous analysis about $FTM on Daily, I made a cautious statement regarding its PULLBACK to test the EMA55 on Daily at the least. If you see here on lower TF, price has broken the support TL. So, I am expecting a slight above move to retest the broken TL(looking at S.RSI) and continue the down path. BUT If the price...
Hello my Fellow TraderZ, #FANTOM $FTM - consolidating near the TL. Well I wish this one to break upward for some handsome profit. But if you see on DTF, S.RSI is on overbought territory, which could bring price further down towards $0.2050-.2175. Well I am just sitting and waiting for either the pullback or break the TL. CHEERS!!!
The trade idea I presented in my previous Tesla post (linked) did not work because price went lower on Thursday and pulled RSI down below 35 (orange rectangle). My initial idea on 16 Nov. was for RSI to move higher from 35 as price rose. Instead RSI fell and stayed below 40 for two days (remember this is a 30m frame), until the green candle in the final Friday...
🪙 Gold under pressure from strong doalar. In today's analysis we will look at the chart of gold, which in the current week has shown that there is no strength for any increases. 🪙 After the rebound that took place 2 weeks ago, we could have hoped for an enlargement and extension of the upward correction. 🪙 But decisions to raise US interest rates again by...
LTCUSDT is currently in an oversold condition. It´s likely for the price to go down. The bollinger bands, RSI and stochastic they tell us the price will go down soon. The price is approaching a previous resistance. So wait for the price to retest this resistance if it does the resistance line becomes your entry point. Further details are shown on the chart. Goodluck!
💸 In today's analysis we look at an interesting opportunity on the aud/cad pair. 💸 Since the beginning of today's session, we can see the strength of the Austarlisian dollar against the Canadian dollar. 💸 Most of the technical analysis indicators signal the possibility of a breakout and divergence from the previous moment when we were at the same price level....
$GDX broke a descending bear channel downtrend. Overhead objective 29.00.
Evening Traders, Today’s analysis – AUDUSD – trading at a key support region where a bounce is possible, Points to consider, - Price Action Corrective - Weekly S/R Support - .618 Fibonacci - RSI Oversold AUDUSD’s immediate price action is corrective and is approaching a key resistance zone that has the .618 Fibonacci and the Weekly S/R in confluence,...
There is a rumor that the British government will need a lot of silver to mint its new coins, and that the high cost of energy can make this manufacturing cost soar. News aside, just looking at the chart we have this bullish wedge.
On the monthly chart it is above the exponential average of 55 and the retracement of 0.893. On the weekly chart it is testing the 200 exponential average: The moment of truth has arrived.
Evening Traders, Today’s analysis – GBPJPY – trading towards key swing high area where a rejection is possible, Points to consider, - .618 Fibonacci Resistance - Key Swing High Liquidity - POC Objective - Price Action Rotation GBPJPY’s immediate price action is trading towards liquidity pool with the .618 Fibonacci in confluence, allowing for a bearish...