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Relative Strength Index (RSI)

Bitcoin(BTC): $40K Psychological Resistance Is Like A MagnetBitcoin's monthly timeframe reveals cautious growth as we approach the psychological $40K resistance zone. We still wait and want to see that the pre-halving period will show us some downward movement (historically, last time we had a similar setup, prices dropped 60% of the market price). What we are going to do right now is monitor the price action near the $40K zone and see if we will secure it within the monthly timeframe or if we will see a nice rejection! But If $40K won't show any strong rejection but more of a small rejection, then the price might just as well pass this $40K zone and move to the upper zones. So as of now, we are still seeing and waning for some kind of weakness near the $40K zone and a first correction to happen towards the $32K zone. Swallow Team
BITSTAMP:BTCUSDShort
by SwallowAcademy
3
Tezos(XTZ): Looking Potential Movement To Upper Resistance With an Elliott Wave pattern in motion, points (A) to (E), the coin has been making waves. The climb to point (C) was promising, but now we're in a critical phase as we've slipped from there, and point (D) is giving us some hope from the push it is showing us right now. It looks like we're gearing up for a decisive moment at point (E). If the bulls can muster up the strength and we break past the resistance near the $0.90285 mark, we're eyeing a potential uptrend that could challenge previous highs. On the flip side, if the bears take the reins and we see a downturn from (E), there's a chance we could dip back down to test lower supports. It’s all about the play-around point (E) now. We personally want to see a nice rejection happen in the near future. that point!
Short
by SwallowAcademy
4
Bitcoin(BTC): First Weakness In 60 Days = Liquidity Hunt StartsThird Week: We are seeing a nice rejection happening near the $44,500 zone, where the last weekly candle closed with nice and good dominance from bears. With that being said, we are seeing the first weakness kick in since October 16th (2 months of straight green candles). Now that the first weak link has accrued, we are seeing a nice start of downward movement, which can easily reclaim a lot of FVG zones on the lower timeframes, where also the majority of liquidity is! The start is nice, so let's see if we can keep it up from this point!
BITSTAMP:BTCUSDShort
by SwallowAcademy
1
Binance Coin(BNB): Reached Major Resistance! BNB is currently exhibiting critical price action as it tests a major resistance zone around $260. This level has previously acted as a strong barrier; a decisive breakout above could signal further bullish momentum. However, the price has faced multiple rejections at this level, so let's see. We have two possible scenarios here: 1) Breakout with a nice re-test, which would confirm this zone to be backed by bulls, and then we will see a nice movement to further upper zones. 2) The price will fail to seize that resistance, leading it to close the daily candle below it and potentially continuing that weakness further down.
by SwallowAcademy
1
Cardano(ADA): Time To Short! The price has recently formed a rounded top, indicating a bearish reversal pattern. A critical support line around $0.5486 is currently under pressure. If this level fails to hold, there's a strong likelihood of a breakdown. This potential breakdown could accelerate a move towards the next significant support levels. We monitor this support closely for signs of either a bounce, which could offer a bullish scenario to upper zones (small one), or a breach, which may confirm the bearish outlook. A decisive daily candle close below this support could be used as confirmation for a bearish outlook.
Short
by SwallowAcademy
4
Ethereum(ETH): As We Thought.....It Was A Fakeout! We see a dynamic play between the price action and a firm resistance level that has seen several tests over time. The price recently broke above this resistance, which coincides with the 100 EMA, suggesting a shift in momentum. However, this breakout has led to a fakeout, where the price retracted below the resistance, indicating potential uncertainty in the market. The current candle is critical as it is re-testing the breached resistance. If it holds above, we may anticipate a continuation of the bullish trend. Conversely, if the resistance proves to be unyielding, a pullback to the ascending trendline could happen, which has historically served as a strong support level, providing a rebound for the price.
by SwallowAcademy
2
Dogecoin(DOGE): Major Resistance Worked Well As Of Now! Making a descending triangle pattern. This pattern shows that the price is in a consolidation phase, with a trendline resistance that is going down and aligning with the middle line of the Bollinger Bands. Currently, the price is near the apex of the triangle, suggesting an imminent breakdown. If the price breaks below the triangle, we might see a significant move to the downside, with potential targets around $0.08230 and possibly extending to the $0.07535 support zone. We keep a close eye on the price action at the triangle and the major resistance zone for indications of whether there will be a bearish continuation or a bullish reversal.
Short
by SwallowAcademy
2
CHINA50 interesting LONG set upI don't usually trade CHINA50, when it comes to China I prefer HK50, but this is an interesting set up/amazing buying opportunity: - RSI is very low - 29 on daily chart, RSI was 24 few days ago. - 11000-11100 is a strong support level. Even in March 2020 the index found support at 11500 - I'm aware of economic situation, but I still believe that recession will hit US and European market really bad in 2024/2025, but this will be opportunity for China to grow in strength - bearish move might be not over yet but once the trend reverses, I believe it can easily start movement towards 15000-16000 (in next 12 months or so) *This is not a trading advice. Trading is risky. Always do your own analysis before entering the market.*
SKILLING:CHINA50Long
by Trinnisia_Trades
FRANCE40 forecastRSI few days ago was record high 82 on daily chart, which means the market heavily overbought. No market is going up constantly. Correction is expected to happen anytime, with two potential targets at 20EMA or 50EMA. I don't believe the approach of soft landing on recession. In my opinion the recession will come and when it comes, it will hit hard. It's normal for markets to rally at the end of the year, statistically beginning of January is a little cooling off period. *This is not a trading advice. Trading is risky. Always do your own analysis before entering the market.*
OANDA:FR40EURShort
by Trinnisia_Trades
#CTK/USDT 1D (ByBit) Descending wedge on supportShentu (a.k.a. CertiK) looks likely to reverse after printing that morning star with a dragonfly doji at the bottom. Relative Strength Index (RSI) also bounced back on oversold territory, revisiting 100EMA resistance would make sense. ⚡️⚡️ #CTK/USDT ⚡️⚡️ Exchanges: ByBit USDT, Binance Futures Signal Type: Regular (Long) Leverage: Isolated (3.0X) Amount: 5.4% Current Price: 0.4665 Entry Zone: 0.4628 - 0.4384 Take-Profit Targets: 1) 0.5175 1) 0.5678 1) 0.6181 Stop Targets: 1) 0.3947 Published By: @Zblaba $CTK #CTKUSDT #Shentu #CertiK #BSC shentu.technology Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +44.5% | +78.0% | +111.5% Possible Loss= -37.2% Estimated Gaintime= 1-3 months www.shentu.technology
Long
by TradingOn
Dogecoin(DOGE): First Bounce After Nice Drop? We are back with Doge coin, which has a very nice rejection from the upper resistance zone as of now, leading the price towards a lower support of $0.09113. With that being said, we see that the price has had a volumetric bullish movement, which can lead the price back to the upper resistance zone. We are looking closely for market price movement, and once we see the price back near the upper resistance, we will be shorting it again with a much bigger size!
Short
by SwallowAcademy
5
🔥 QI Huge Risk Reward Signal: RSI Reversal PlayQI has been one of the major movers of the last two weeks. Two hours ago, the RSI has hit oversold on the hourly for the first time since several weeks. This signal is based on the idea that bulls will be hopping back into this token and push it upwards. Furthermore, the oversold RSI has occurred at the support level, further reinforcing the reversal narrative. Stop under the oversold-RSI-low. Target at the recent top. This allows us to create an amazing trade with a huge potential pay out.
Long
by FieryTrading
13
BTC : RSI Macro-TREND Market Hack 😎Hi Traders, Investors and Speculators of Charts📈📉 As I've said before, I love the logarithmic view of BTC. It gives a clearer indication of price increases alongside growth. Although inflation and value factors aren't physically calculated into the price, seeing the upwards curve makes more sense from a "holistic view" that would include things such as growth and inflation. A logarithmic chart view displays price changes as a percentage of the previous price. This means that equal vertical distances on the chart represent equal percentage changes, regardless of the absolute price level. This is in contrast to a regular chart view, which displays price changes on an arithmetic scale. This means that equal vertical distances on the chart represent equal absolute price changes. With help of technical indicator RSI, we can use the macro logarithmic together with the RSI as a sort of "roadmap" to identify the current dominant macro trend . If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 We thank you for your support ! CryptoCheck COINBASE:BTCUSD
COINBASE:BTCUSDLong
by CryptoCheck-
17
Monero(XMR): We Will Sell Soon! The XMR/USDT market is displaying some dramatic price action. The recent sharp decline suggests a significant urge for downward movement. Despite these bearish liquidity moves we are having on the market, the price of XMR has re-tested the major resistance (which once was broken and we had a nice fakeout). If this retest turns out to be a fakeout, it indicates that sellers are still in control, and we could expect further downside towards the $157.51 support level. This bearish scenario aligns with the recent drop and will be further substantiated if the price fails to reclaim higher levels soon.
Short
by SwallowAcademy