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Pullback

The Bulls Are still in controlOriginally thought we would "Coil" a little bit longer but the bulls pushed through support at 1950. I do believe we have another leg up but we may retest that 1950 support before doing so. Remember that every resistance turns in to support once broken. Then I am seeing alot of resistance at 2150 as I suspect the bears will be liquidating anywhere from there up to around 2235 where the 50% Fib line measuring from the highs in April. ETH tends to obey that 50% retracement time and time again. My red arrows show my new estimated trajectory and the blue arrows were my original prediction
COINBASE:ETHUSDLong
by CasperCryptoNFT
RSI Trend Strategy GuidelinesThe RSI is a versatile indicator, and can be used to provide entry signals during a trend. To get the signals a moving average is applied to the RSI. 1. Trades are only taken in the direction of the trend. For an uptrend only take longs. For a downtrend only take shorts (puts). 2. During a downtrend the RSI must move above 60 to indicate a pullback. When the RSI crosses back below its moving average (can be at any number, just as long as the RSI is or was above 60 recently) go short. 3. During an uptrend the RSI must move below 40 to indicate a pullback. When the RSI crosses back above its moving average (can be at any number, just as long as the RSI is or was below 40 recently) go long. 4. Give the price at least two or three bars (whatever time frame you are trading on) or more before considering an exit. This gives the price some time to move in your favor.
BINANCE:ETHUSD.PEducation
by yaser_rahmati
NIFTYHello and welcome to this analysis on NIFTY From the high's of 18600 made in October 2021, every pullback leg of Nifty has been approx 88% 18350 on 18 Jan 2022 was 88% of the decline from 18600 to 16410 18115 on 4 April 2022 was 88% of the decline from 18350 to 15670 The current rally is at 78% of the decline from 18115 to 15185. So what lies ahead, lets try to decipher probable scenarios 1. 88% retracement is near 17765 that coincides with the falling trend line - History repeats itself, rally ends near it, "tata, bye-bye, see you Longs." 2. It will breach above the falling trendline and continue its rally towards 18400 at least - Bull party continues, almost everything from A to Z eventually moves up, everyone (except those looking for a pullback and/or short) are happy! 3. It has completed its pullback and will do a pullback/resume downtrend, earliest confirmation as of today would come once it starts sustaining below 17375. - Just when everyone was hopeful that stocks are coming closer to their purchase cost, those stocks which have made us FII - "Full Invested Indians", because we bought them at very high levels and exiting in decline would have cost a huge loss, so holding onto these till .... ! PS This is not for Investors, this is for traders who become forceful investors in stocks where exit did not happen. Until then Happy Investing & Safe Trading
NSE:NIFTY
by Dinesh_C_Nagpal
Why the 2022 recession is about to happen:The graph you are seeing is about moments before Black Monday happened in 2008, and, as you can see, there was a clear 10% increase in price before Black Monday happened. That is what is happening right now. As soon as the USA reported that its inflation rate decreased 0.6% (9.1% - 8.5%), people became greedy and fomo bought stocks/etc. They thought the trend was going to reverse, but it was just a pullback. In 2008, shortly after the pullback, Black Monday struck and everything dropped. This might be a sign that means that we are way closer than we think to a recession (1 - 2 months left ). To add to that, the price dropped a few months before the 2008 recession as well.
TVC:SPXShort
by lorinstocksinvesting
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