RACEFI - next leg up soon?Will we see the next leg soon? Possibly, it might shoot up soon. Set alerts on it since SRSI has more space below... Rsi above level 60 still - bullish region.
Good luck traders
Relative Strength Index (RSI)
Nikkei225 short term bullish?The Daily RSI is pretty low
BoJ didn’t raise the interest rates
The market is trading withing range for over six months now.
With low Christmas volatility, the buyers might move the market to 27100- ish.
This is not a trading advice. Trading is risky, always do your own analisys before opening the trade.
🔳TOP 7 INDICATORS TO USE🔳
◻️MACD(Moving Average Convergence/Divergence)
Traders use MACD to identify changes in the direction or strength of the asset’s price trend. MACD can seem complicated at first glance, because it relies on additional statistical concepts such as the exponential moving average (EMA). But fundamentally, MACD helps traders detect when the recent momentum in an asset’s price may signal a change in its underlying trend. This can help traders decide when to enter, add to, or exit a position.MACD is a lagging indicator. After all, all the data used in MACD is based on the historical price action of the asset. Because it is based on historical data, it must necessarily lag the price. However, some traders use MACD histograms to predict when a change in trend will occur.
◻️VWAP(Volume-Weighted Average Price)
The volume-weighted average price (VWAP) is a measurement that shows the average price of a security, adjusted for its volume. It is calculated during a specific trading session by taking the total dollar value of trading in the security and dividing it by the volume of trades. The formula for calculating VWAP is cumulative typical price x volume divided by cumulative volume. VWAP gives traders a smoothed-out indication of a security’s price (adjusted for volume) over time. It is used by institutional traders to ensure that their trades do not move the price of the security they are trying to buy or sell too extremely.
◻️EMA(Exponential Moving Average)
An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average. An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average simple moving average (SMA), which applies an equal weight to all observations in the period.
◻️THE FOUR TYPES OF EMA:
▪️9-EMA is use for short term trading
▪️21-EMA is used for day trading
▪️50-EMA is used for analysis
▪️200-EMA is used for long term view
◻️RSI(Relative Strength Index)
The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100.Generally, when the RSI indicator crosses 30 on the RSI chart, it is a bullish sign and when it crosses 70, it is a bearish sign. Put another way, one can interpret that RSI values of 70 or above indicate that a security is becoming overbought or overvalued. It may be primed for a trend reversal or corrective price pullback. An RSI reading of 30 or below indicates an oversold or undervalued condition. Overbought refers to a security that trades at a price level above its true (or intrinsic) value. That means that it's priced above where it should be, according to practitioners of either technical analysis or fundamental analysis. Traders who see indications that a security is overbought may expect a price correction or trend reversal. Therefore, they may sell the security.
Thanks for reading bro, you are the best☺️
✅Gimme a like and the Gods of Trading will favour you this week👍
Dear followers, let me know, what topic interests you for new educational posts?
VOLTAS in the buying ZoneVoltas is forming divergence, however not as strong as desired. But it gives a good buying opportunity for positional trades here. I will buy 25% of my intended investment for Voltas here and keep buying if new lows and divergences found. But, I wont buy and just hold what I have bought if it moves up from here.
There is no stop loss, as I will keep averaging for another 75% and then hold.
One year target at least 20-30%
Will keep updating !!!
VIX technical analysis, does that even work?Could be making a megaphone for santas rally. Would need to break the median $21ish area to continue down and fill the gap. It made a lower price from the area it broke out of the recent down trend. Breaking $21 would be confirmation of a Re-test of the down trend line. If the median holds i would suspect VIX to continue upwards and make a higher high taking the wind out of santas sleigh.
Harmonic Pattern with Multiple Confluence for Point X and DThis is an example of regression channel with harmonic pattern.
By using Simple OHLC Custom Range Interactive, we able make confluence point (blue) to get Point X of Bullish Butterfly.
There are many confluence points (orange flag and teal table), which shows Point D of Butterfly starting to complete.
For Point D, best to monitor price changes using RSI or other similar RSI (Cyclic RSI, etc).
Indicator used :
1. Regression Channel Alternative MTF
2. HH-LL ZZ
3. XABCD Harmonic Pattern Custom Range Interactive
4. Simple OHLC Custom Range Interactive
5. Cyclic RSI High Low With Noise Filter
ETH - HOLD ON to something, DISCOUNTS Incoming !Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
The markets are correcting lower after a brief increase predominantly following BTC up. By looking at higher timeframes, you can zoom out to see the bigger trend at play and cancel out the volatility and noise on the lower timeframes. The RSI and momentum show that the bears are still very much in control, and Ethereum faces a serious risk of a flash-crash or a slow bleed down to $650 - $800 support zone. This is according to technical indicators Phoenix Ascending and Bollinger Bands . We can confirm this from a trend analysis - there simply isn't a large enough demand zone on the next immediate support zone ($1000) since it has already been tested twice, weakening it. Therefore, the price of ETHUSDT would have to drop more to find sufficient demand - more demand than the supply zone.
NOTE that this is not for the short term, but for the near term .
Incase you missed it ! Here's the Bitcoin update using the same method; Phoenix Ascending with Bollinger Bands:
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CryptoCheck
$USDJPY | Lower Lows ContinueEver since the Yen topped at 152.00, the downfall has continued in a synchronized fashion of lower lows and lower highs succinctly. Will this continue?
Here in the chart a couple things to notice:
- A continuous downtrend
- Massive sell pressure arrived in 136.600 - 137.00 area making the Supply Area
- This is the first time $USDJPY has tested this area on the upside
- 200 EMA slowly rising
- RSI is nearing extreme oversold levels
I think a short here with a 1.5:1 Risk to Reward would be justified as long as you began this short position in the Supply Area. From there you can target nearest support for safety and if you are feeling risky targeting the Demand Zone before the buyers stepped in.
Not financial advice. Hotep & Build (Wealth).
RSI divergence indicator releashed.Hi @everyone,
We just releashed or first free to use ALL-IN-1 rsi divergence indicator.
Go to scripts to apply it on your chart, this is just an screenshot.
Cheers,
Team Quantistic
Rave Restaurant Group: Diamond Bottom with a Bullish DivergenceWe have a MACD Bullish Divergence as the RSI begins to exit the Bearish Control Zone i also like the low PE Ratio.
I think it's in position to me a 50-61.8% Retrace upon breaking out.
Sell CHFJPY at 144.80This pair is in a downtrend and is showing the following:
1) M30 Overbought
2) M15 OB
3) Divergence
There is no harmonic pattern but looks like it will drop by 70 pips.
TPOR Triple leveraged Transportation ETF SWING LONGFundamentally, the stabilization of fuel prices helps push things down the road.
A possible rail strike if no averted by Congressionaly action will cause a big macro effect.
TPOR was downtrending into the end of September then reversed starting a trend back up.
I see this as a good long swing buying initially now and then every time the price
pulls back to the Hull 150 moving average trend line in back or even drops below it
when the faster moving average ( Hull MA 20 in Blue) reverses from going down to
up or crosses the long MA from below. I will exit when the relative strength tops out
and shows bearish divergence.
BlackBerry 3 Rising ValleysWe have 3 Rising Valleys on Blackberry and has room to go to $7.5 if it plays out.
The MACD crossed Bullish and the RSI bounced from the 50 line during the last Valley.
$BTC weekly timing where low could be in...sorry for the shitty recording.. had it on the wrong setting and got some back noise.
Just looking at some timing deals to consider going forward. Not saying the low is in, but I like where the price is setting up and likely processing a low possibility. The RSI bull div and the trend line break objectives are spelling out some good signals.
Let me know if you have any questions.
Fibo
QQQ setting up ReversalQQQ has been downtrending however-
it broke through the mid-Fib levels which are now resistance
the Momentum Oscillator shows bearish momentum decreasing to nearly zero
the red dot on the center line suggests a squeeze is underway
recent candles are small range and nearly Doji
candles on the RSI Ichimoku are wide range and volatile
in general relative strength is rising in bullish divergence
Accordingly I will close the put options and open call options
with 48 hours of time to expiration at a strike 1% above current price.
$BTCUSD - Scenarios to considerHi guys! 👋🏻
🔔 Bitcoin keeps the downtrend pace. I still stick to the idea of Show me the chart and I'll tell you the news, so won't correlate to any buzz around #BTC or #cryptocurrencies.
🔔 For the past several weeks I've been away from cryptocurrency analyses and trading due to irregular activities in the market and I would call this the best decision of the year for me.
🔔 While cryptocurrency is still young, it's getting adapted to the price movements peculiar to the traditional market. Hence, in this review I will be strictly bound to the technical analysis and show try to explain my thoughts on #bitcoin's upcoming moves.
🔔 The first, is of course the divergence between RSI and price, usually such divergence signals the reversal of the current trend.
🔔 The second is the MACD indicator, MACD line is about to cross the Signal line which in this case is a signal for an uptrend.
🔔 The third is Bollinger Bands, the channel is way too wide and for the most cases, the price must find a range and stablizie, create a narrow channel before it gains enough power for another move.
🔔 That is why I believe that the range between $17600 and $15900 would create a channel and stabilize buyers and sellers before taking a next impulsive move.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Bitcoin - 🎯 Phoenix Ascending & BBandsHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Bitcoin just closed another weekly candle and the price is currently stabilizing on support zone of $16000. By using two technical indicators together, we can determine which directions most likely next, bullish or bearish. The Bollinger Bands together with Phoenix Ascending also gives a potential specific price target that can likely be anticipated next.
Interested in XRPUSDT and other alts? Check out this idea 👀
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We thank you for your support !
CryptoCheck
CELO - "LONG LIKE DONKEY KONG"Shout out to Mr. WW for the title quote.
Where do I begin with this one...
1) RSI in oversold zone. Applies to both USDT and BTC pairs.
2) Price quickly and in succession printed out of Bollinger Bands due to the recent FUD. Move is unsustainable and will have to reverse back into BB (upwards). Applies to both USDT and BTC pairs.
3) Multiple indicators flashing bullish on multiple timeframes. Applies to both USDT and BTC pairs.
4) Descending channel as drawn. Price currently bounced on its bottom.
2D USDT Pair
2D BTC pair
1W BTC pair
Can the price fall lower? Sure.
Is it probable that it goes much further down? No.
As always manage risk and minimize leverage. Good luck.
Just for documentation and small bullish signal - 25 Nov 2022Hello friends. This published idea is mostly for documentation but small signals of Exaggerated Divergence are seen in DXY. In addition, the Envelope RSI indicator and Stochastic have also given a bullish signal.
Symmetrical Triangle On CHZHello guys ,Today i saw a high risk opportunity on CHZ/USDT.
the price is on the bottom of the symmetrical triangle and if it doesn't break it you can do this scenario.
open your position after the price turn back.(wait,don't open your position fast !)
first target is about 0.205.(it's safe to close your position)
but if it's going to continue the scenario , you can close your order on 0.227.
Rsi is giving a buying signal too btw.
it's just an idea , always do your research and analysis.
don't forget to follow and boost this idea :) thank you.
VIX Bullish RSI DivergenceVix is giving a Bullish RSI signal on the daily chart. (A Bullish RSI Divergence is a lower price and a higher RSI value.) The previous low was $22.37 and the RSI value was 30.58, today the low was $22.30 with an RSI value of 33.99. The median RSI value for this years VIX bottoms is 37.33.
Decending Channel + weak bullish signalThe end of an ascending channel and the beginning of a descending channel.
As we can see the RSI indicator is in an overbought zone for some hours, however the MACD weren't strong enough to continue going up after crossing the signal line and went down again, so the candles continues to make HL and just two HH.
The BB moving average was crossed but just with two shadow candles and the second one was a bearish candle followed by a full bearish candle
