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M-oscillator

Nikkei reversal risk with futures extremely overboughtNikkei futures are extremely overbought on a 4h timeframe having surged to more than two-month highs earlier Wednesday. On each of the past five occasions RSI has exceeded 77, as it has today, it has coincided with a near-term market top. By coincidence, today’s rally stalled at 39775, a level that acted as both supply and demand on multiple occasions earlier this year, including when last tested in April. While it goes completely momentum and comes just a few days before quarter-end, a short setup has presented itself. Having missed an earlier entry opportunity when futures failed above 39775, I’m prepared to wait to see whether we get another test during the European or North American session. If we were to fail again at 39775, you could initiate shorts with a stop above 39800 for protection. 39500 would be the initial target, a minor level that acted as resistance and support in April. Below, 39345, 39200 and 39025 are other downside levels to consider. DS
SGX:NK1!Short
by FOREXcom
Smooth love potion (SLP) - bullish divergenceSmooth love potion (SLP) - bullish divergence On the above 1-day chart price action has corrected a massive 90% since mid-July. Now is a excellent time to be bullish, why? 1) The ‘incredible buy’ signal prints. 2) Seven oscillators are printing bullish divergence with price action following the ‘buy’ signal - more than excellent. 3) RSI resistance breakout. 4) The story is very similar on the SLP/BTC pair (chart below) with price action converging within a bullish falling wedge pattern. A breakout by early January must happen one way or another. Is it possible price action continues to fall? For sure. Is it probable? Very unlikely. Good luck! WW 1-day BTC chart
Long
by without_worries
19
BTCUSDT WAVE 5 IN PROGRESSWave 4 extreme (ABC) reached the typical price target level. We have two confirmation levels marked on chart that needs to be broken up in order to confirm wave 4 completion . the first confirmation is the break up of previous wave 4 high and waiting for the second confirmation to happens at wave B high. in addition , ChandeMo Momentum is currently up and the EWO is above 0 and both confluences supports that wave 4 is completed . In this scenario we assume wave 5 as an impulse 5 waves up but this could change later since wave 5 is usually forms as an ending diagonal . wave 5 projections are on chart Good LUck
Long
by Alpha_54321
$BTC UpdateI've got a good feeling about the #crypto market in the coming days. The double top played out well, and the price is now hovering near $63,000. We’re also close to the monthly S3. On the 4H timeframe, there’s a clear convergence (4x magnified). If a reversal is going to happen, it should be from this price range. If this convergence plays out, we could see a quick move back to $67,000, and possibly $69,500. — 🔴 We can't stay here too long; we need to break back above $65,000 or risk another drop of 6-15%, potentially down to $53,000.
Long
by Goldfinch_song
#Oil_Crude Elliott wave analysisPrice seems to have finished a 5-wave bullish impulsive move and is now getting ready for a bearish correction. Price failing to create a new high while making a new low is our signal that the bearish move has started. Bearish confirmations: Bearish divergence in the 1H time frame. 4H RSX at the oversold (OS) area. Momentum oscillator showing bearish action. Completion of the fifth wave of the fifth, from likely wave A. If you’ve found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
CAPITALCOM:OIL_CRUDE
by mohemati
[LONG] Blue means go (again) Tokenfi's TOKEN ### RSI Analysis on TOKEN from Tokenfi #### Overview The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100 and is primarily used to identify overbought or oversold conditions in a market. Generally, an RSI below 30 is considered oversold, and an RSI above 70 is considered overbought. #### Current RSI Reading As of the latest analysis, the daily RSI for TOKEN from Tokenfi is reading at 11.25. This extremely low RSI value suggests that TOKEN is deeply oversold. #### Historical Performance and Patterns Historically, TOKEN has shown a tendency to rebound strongly from oversold conditions as it makes its way into overbought territory, often indicated by the PMAR (Price Move Average Range) or PMARP (Price Move Average Range Percentage) metrics. Let's delve into what this could mean for the current market situation. #### Analysis 1. **RSI at 11.25**: This is an exceptionally low reading, significantly below the traditional oversold threshold of 30. It indicates that TOKEN has been aggressively sold off, potentially due to market overreaction or broader market downturns. 2. **Historical Rebounds**: Observing past performance, TOKEN has demonstrated a pattern of substantial price increases following periods of being oversold. These rebounds often propel the RSI from the oversold territory into the overbought range (typically above 70). 3. **Potential for a Pump**: Given the current RSI of 11.25, there is a strong potential for a significant upward price movement. Historical data supports the notion that TOKEN often experiences sharp increases in buying pressure once the RSI reaches such low levels. 4. **PMAR / PMARP Indicators**: As TOKEN begins to recover, monitoring the PMAR and PMARP indicators will be crucial. These indicators can provide additional confirmation of the strength and sustainability of the upward movement. Typically, as TOKEN approaches these overbought territories, further analysis using these metrics can help in decision-making for profit-taking or continuing to hold. #### Conclusion The daily RSI reading of 11.25 for TOKEN from Tokenfi suggests that the coin is currently in a deeply oversold state. Based on historical patterns, this condition often precedes a significant price rally. Traders and investors should keep a close eye on the RSI and PMAR / PMARP indicators as TOKEN has a high likelihood of moving from its current oversold condition towards the overbought territory, potentially offering substantial gains. #### Recommendations - **Entry Point**: Given the RSI is at an extreme low, this could be an opportune entry point for those looking to capitalize on a potential rebound. - **Monitoring**: Regularly monitor the RSI and PMAR / PMARP metrics to gauge the strength of the recovery and identify optimal exit points as TOKEN approaches overbought conditions. - **Risk Management**: As always, employ proper risk management strategies and consider setting stop-loss orders to protect against further downside risks. By staying informed and vigilant, traders can potentially take advantage of the oversold conditions in TOKEN and position themselves for gains as the market corrects itself. TOKEN, the revolutionary cryptocurrency from TokenFi, the creators of FLOKI, has been making waves in the market with its unparalleled success. By providing a simple, all-in-one platform for creating tokens and tokenizing Real World Assets (RWAs) without requiring any coding knowledge, TOKEN has democratized access to the lucrative tokenization and RWA market, projected to reach $16 trillion by 2030. Unmatched ROI and Constant Growth TOKEN's innovative approach has resulted in consistent large ROI, making it an attractive investment opportunity for cryptocurrency enthusiasts. By allowing users to launch their own ERC20 (or BEP20) compliant tokens on multiple popular crypto chains, including +3 EVM compatible blockchains, TOKEN has opened up new avenues for token creation and RWA tokenization. Comprehensive Features and Tokenomics TOKEN's Token Launcher offers a range of features and tokenomics to customize your token, including: 1. **Treasury Fee**: Collect and distribute fees to the project's treasury wallet. 2. **Burn Fee**: Make your token deflationary by burning tokens on transactions. 3. **Reflection**: Automatically redistribute fees to all token holders. 4. **Buyback Liquidity**: Ensure long-term price stability and value growth. 5. **Liquidity Setup**: Create a liquidity pool on major decentralized exchanges. Generative AI for NFTs TOKEN also offers the power of Generative AI for NFT launches, enabling users to create high-quality artwork quickly and easily. This cutting-edge technology has streamlined the NFT creation process, making it more accessible and efficient. TOKEN's unprecedented success is a testament to its innovative approach to token creation and RWA tokenization. With its user-friendly interface, comprehensive features, and impressive ROI, TOKEN is an attractive investment opportunity for those looking to tap into the growing tokenization and RWA market.
UNISWAP:TOKENWETH_C7E6B6.USDLong
by Henrywaters
BTCUSDT POSSIBLE 1H MINOR PULLBACK UPBTCUSDT price is due for a minor pullback up and liquidity grab. MFI is pointing upward and STO(21,5,5,)crossed above the 20 level and an outside bar on Jun 21st @ 20 (UTC +3) is formed and the current candle broke it high ===> momentum is up Overall trend is still down LL & LH and this idea is for the minor pullback up trade and considered a risky trade so use a tight stoploss is you decide to enter countertrend. Invalid on chart Good LUck
Long
by Alpha_54321
Band Protocol (BAND) - Bullish divergence** Trading opportunity ** On the above 8-day chart price action has corrected 95% since April 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence. Seven Oscillators print positive divergence with price action over the last 3 to 4 months. 3) Support and resistance, price is on strong historical support, look left. Is it possible price action continues to correct? Yes. Is it probable? No. Ww Type: trade Risk: <= 6% Timeframe: Act now Return: 50x
Long
by without_worries
32
ASX:OFX – A Rare Gem with Perfect Piotroski Score and Breakout PFundamentals : OFX Group, listed on the ASX under the ticker OFX, presents a compelling investment opportunity this week. The company boasts a perfect Piotroski F-Score of 9, an exceptionally rare achievement that underscores its financial strength and operational efficiency. Currently trading at its fair value, OFX has turned profitable over the last 12 months and is poised for continued profitability this year. ASX:OFX ASX:OFX Technicals : From a technical standpoint, OFX has achieved a significant 52-week breakout, further enhancing its investment appeal. The stock has formed a rounding bottom pattern, a classic technical signal indicating the potential for a strong upward movement. Analysts project a potential upside of 30%, making this a promising candidate for growth. A potential Setup: • Entry: Current Market Price • Stop Loss: $2.00 • Potential Upside: $2.90F
OLong
by hrishikeshrahalkar
#GBPAUD A long position would be initiated if the price could break the falling wedge pattern to the upside. A short position would be considered if the price fails to break above the bearish channel's lower boundary and creates a lower low. The trading scenario with the line arrow has a higher possibility of occurring. Confirmations for the buying scenario: Bullish divergence in the 1H time frame. 4H RSX at the oversold (OS) area. Price testing an important daily support. This bearish breakout of the channel could be considered an overexertion with respect to the price level. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
Why I Think USDCAD Will Sell...Technical Analysis Hey Rich Friends, Happy Tuesday. I wanted to share my technical analysis on why I think USDCAD will sell. Remember to cross-check the indicators you have on your chart and check the news. - The candes have already rejected a previous supply zone - The 10 EMA (purple) has crossed above the 3 EMA (Blue) and this is a strong sell confirmation for me - The stochastic is facing down, the slow line (orange) is above the fast line (blue) and both lines are below 50 I would set my sell limits in the red-shaded area and use the green-shaded area for my TPs. Stop loss should be set above a previous high. Great luck if you decide to take this trade. Peace and Profits, Cha
Short
by MoneyMantraCha
Will MANTRA (OM) now print 80% correction?On the above 5 day chart price action has rocketed up 6000% since the strong bullish divergence of September 2023. A number of reasons now exist to be bearish, including: 1) Failed price action and RSI support. 2) Regular bearish divergence. Lots of it. 9 oscillators print negatively with price action. 3) A 80% correction is forecast. Can you tell why? Is it possible price action continues up? Sure Is it probable? no. Ww Type: trade, short Risk: you decide Short entry: From 76 cents Return: 80%
Short
by without_worries
Ethereum Name Service (ENS) to $90On the above 2-day chart price action has corrected over 80% since late 2021. A number of reasons now exist to be bullish, including: 1) The ‘incredible buy’ signal prints. 2) Regular bullish divergence between price action and RSI. 3) Hidden bullish divergence between price action higher low and Stochastic RSI lower low. This is excellent to see follow point (1). Not only that but the higher low printed on the golden ratio. Safe as houses now. 4) The reversal candles indiate sellers are exhausted. For those of you that follow me, you’ll know what I mean by this. 5) On the 4-day ENS / BTC pair (below) the buy signal + bullish divergence is visible. Fantastic. The target is derived the falling wedge extension. Is it possible price action falls further? Sure. Is it probable? No. Good luck! Ww 4-day BTC pair
Long
by without_worries
13
The most Bullish Bitcoin signal since 2017 and 2012On the above weekly chart of Bitcoin price action a signal not seen since March 2017 and previously November 2012 has printed. No one on the social media circles is talking about. You heard it here first, remember that ;-) What is it? Weekly hidden bullish divergence. It is the same signal that allowed us to long the S&P 500 from 3750 and the Nasdaq 100 from 11k while the internet was calling for Armageddon. (Both ideas below). Think of a regular bullish divergence as an oil tanker. They confirm and price action reverses trend providing a clean pivot in the market. Now think of the hidden bullish divergence as a speedboat. They come out of nowhere, completely unexpected by the market catching everyone off guard. Only two previous hidden bullish divergencies have printed on the weekly chart in the past. March 2017, 1900% rally followed and November 2012, 10000% rally followed Some of you may be familiar with the deterministic forecast from Steve of CCU and notice the ratio between the returns of the first two bull markets as 5.3. Thus leading us to determine the next market top is at $75k after a 360% rally. However that is not going to happen because of changes to the M2 supply as I’ve discussed elsewhere. The theory does not account for those changes, and as result invalidates an otherwise solid forecast. The market top is further up, have revealed this target elsewhere! Ww S&P 500 to 6k from 3750 Nasdaq 100 long from 11k
INDEX:BTCUSDLong
by without_worries
24
RSI Indicator LIES! Untold Truth About RSI! The Relative Strength Index (RSI) is a classic technical indicator that is applied to identify the overbought and oversold states of the market. While the RSI looks simple to use, there is one important element in it that many traders forget about: it's a lagging indicator. This means it reacts to past price movements rather than predicting future ones. This inherent lag can sometimes mislead traders, particularly when the markets are volatile or trade in a strong bullish/bearish trend. In this article, we will discuss the situations when RSI indicator will lie to you. We will go through the instances when the indicator should not be relied and not used on, and I will explain to you the best strategy to apply RSI. Relative Strength Index analyzes the price movements over a specific time period and displays a score between 0 and 100. Generally, an RSI above 70 suggests an overbought condition, while an RSI below 30 suggests an oversold condition. By itself, the overbought and overbought conditions give poor signals, simply because the market may remain in these conditions for a substantial period of time. Take a look at a price action on GBPCHF. After the indicator showed the oversold condition, the pair dropped 150 pips lower before the reversal initiated. So as an extra confirmation , traders prefer to look for RSI divergence - the situation when the price action and indicator move in the opposite direction. Above is the example of RSI divergence: Crude Oil formed a sequence of higher highs, while the indicator formed a higher high with a consequent lower high. That confirmed the overbought state of the market, and a bearish reversal followed. However, only few knows that even a divergence will provide accurate signals only in some particular instances. When you identified RSI divergence, make sure that it happened after a test of an important key level. Historical structures increase the probability that the RSI divergence will accurately indicate the reversal. Above is the example how RSI divergence gave a false signal on USDCAD. However, the divergence that followed after a test of a key level, gave a strong bearish signal. There are much better situations when RSI can be applied, but we will discuss later on, for now, the main conclusion is that RSI Divergence beyond key levels most of the time will provide low accuracy signals. But there is one particular case, when RSI divergence will give the worst, the most terrible signal. In very rare situations, the market may trade in a strong bullish trend, in the uncharted territory, where there are no historical price levels. In such cases, RSI bullish divergence will constantly lie , making retail traders short constantly and lose their money. Here is what happens with Gold on a daily. The market is trading in the uncharted territory, updated the All-Time Highs daily. Even though there is a clear overbought state and a divergence, the market keeps growing. Only few knows, however, that even though RSI is considered to be a reversal, counter trend indicator, it can be applied for trend following trading. On a daily time frame, after the price sets a new high, wait for a pullback to a key horizontal support. Your bullish signal, will be a bearish divergence on an hourly time frame. Here is how the price retested a support based on a previous ATH on Gold. After it approached a broken structure, we see a confirmed bearish divergence. That gives a perfect trend-following signal to buy the market. A strong bullish rally followed then. RSI indicator is a very powerful tool, that many traders apply incorrectly. When the market is trading in a strong trend, this indicator can be perfectly applied for following the trend, not going against that. I hope that the cases that I described will help you not lose money, trading with Relative Strength Index. ❤️Please, support my work with like, thank you!❤️
Editors' picks
Education
by VasilyTrader
34
Circuits of Value (COVAL) - OversoldOn the above 1-day chart price action has corrected almost 90% since the beginning of the year. Now is an excellent moment to be long. Why? 1) A buy signal prints. 2) Price action and RSI breaks out from resistance. 3) The BTC pair matches points 1 & 2. (Chart below). 4) Top 10 Holders control 25.06% of supply on a $50m market cap! This is fantastic. I don’t know of another low market cap that has such fragmented circulation. This is a very important point. Most $50m to $100m market cap token struggle to drop below 95% in the top 10 circulating wallets. At $2.7b market cap tokens like Sandbox has 83% in the top 10. Axie Infinity has 98% of circulation in the top 10! XRP... don't get me started. Is it possible price action falls further? For sure. Is it probable? 5% to be technical. Good luck! WW Type: Trade Risk: <=6% of portfolio Timeframe: 1-3 months Return: 500% minimum 12-hr BTC pair
CLong
by without_worries
18