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Rsi_divergence

Anticipating CAD/JPY's Bearish Breakout: Technical AnalysisHey, fellow traders! I'm keeping a close eye on CAD/JPY as it looks bearish and could potentially head south. In my technical analysis, I've spotted a trendline and RSI divergence that could indicate slowing momentum, along with a sweet continuation pattern in the price action. If we break the key "support/resistance area," the pair could drop as low as 97.5. That's why I'm planning to wait for a pullback before taking any action in the market. But for those of you who are considering shorting CAD/JPY, keep an eye out for these signals as they could indicate a prime opportunity to make some profits. Overall, it's essential to stay vigilant and monitor the trends and indicators to make informed trading decisions. I hope this analysis helps you in your trading journey. Happy trading!
Short
by natron
Weekly RSI DIVERGENCE + TRIPLE BOTTOMWhat more can you ask? :) * 𝗧𝗵𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝘀𝗵𝗮𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗱𝘃𝗶𝗰𝗲. 𝗔𝗹𝘄𝗮𝘆𝘀 𝗰𝗼𝗻𝗱𝘂𝗰𝘁 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵.
NASDAQ:INTCLong
by preduta
TWT: UPDATE Currently, the market appears to be experiencing a decline, with many coins following the trend set by BTC. TWT has not yet received confirmation, but if it manages to rise above $1.46 in the next hours, it could potentially signal an upward trend that could be worth keeping an eye on. We will continue to monitor the situation to see if TWT is able to confirm this potential uptrend. The first focus on this would be a 10% increase, from there we could see if this coin is able to confirm uptrends. If this coin breakdown below $1.24 would be not more interesting for the low time frame. Have good trades all.
Long
by Goldenbreakout
"Swing Trading COIN: Bearish Divergence and Golden Pocket Setup"Confirm bearish divergence on RSI: Wait for a clear bearish divergence on the daily RSI chart for COIN . Watch for a break below the 50 EMA: Keep an eye on the price action and volume to confirm a break below the 50 EMA. Volume increasing as it breaks 53.66 could signal a stronger bearish move. Enter short position: Once the break below the 50 EMA is confirmed, consider entering a short position at a price level slightly below the 50 EMA. Set a stop-loss order at 58.10 to minimize losses if the price moves against the trade. Set take-profit level: Set a take-profit level at 44.62, but consider taking into account the whole golden pocket between 52.78 and 43.78. The golden pocket is a Fibonacci retracement level and could act as a significant support level. Monitor the trade: Monitor the trade closely and consider moving the stop-loss order to a trailing 5% once the trade is 15%+ in profit. This can help protect profits in case of sell exhaustion. Also, consider oversold levels as the price approaches the profit target. Note: This trade setup strategy is based solely on technical analysis and does not take into account any fundamental factors that may affect the price of COIN. It is important to conduct further research and analysis before making any trading decisions, and to only risk an amount you are comfortable with losing.
NASDAQ:COINShort
by OccamsPhazer
1
RSI BULLISH DIVERGENCE Near SUPPORT !!!BIOCON Trading near strong monthly support zone of .. 223--- 210. There is bullish divergence also between PRICE & its RSI in weekly timeframe. Price also taking support near demand zone. #BIOCON📈📉 👉🏻Stock approaching strong Monthly & Weekly Demand Zone✅ 👉🏻 223-10Support Zone 👍 👉🏻Stock Showing Strength from support📈📈 👉🏻 Good For Investment View📈📈 👉🏻RSI Bullish Divergence On Weekly chart✅ 👉🏻TGT------ 243/258/280++ ✅ 👉🏻Low Risk High Reward Setup🎯 👉🏻Add To Your Watchlist✅✅ Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
NSE:BIOCONLong
by Jha_Nidhi
1
Natural Gas prints an RSI bullish divergence As you can see in the chart, natural gas had a big downside movement for the last months. Now It looks like the bottom is printed so I will consider entering a long here with targets 3.11$ and 4.69$ . You can see apart from the Bullish Divergence that It is starting to show a lot of strength, you can observe a gap-up between 2.314$ and 2.415$. For the buy setup I will enter now and set an stop loss order under the gap. If the position goes well, I will keep locking profits manually trailing the stop under key areas. Don't forget to share your thoughts on the comments and happy emotionless trading.
NYMEX:NG1!Long
by piccard54
What's next for CARDANO?Hello to all traders! Today are we going to take a look at Cardano from a short/midt-term position. As we have seen, Cardano had a great start to the year with a 70% thus far. What naturally follows is a healthy correction. From what I can see, it's a lot of selling pressure at the 0,4-0,42 area making it a strong resistance line to break through as of right now. It has retested 0,4-0,41 multiple times but never enough to break through. At this moment on the 1 hour timeframe we can see that it is on the 50 mark on the RSI, making it vulnerable to a lot of volatility. If it doesn't break past the 0,42 area, then we might have to look for a short position back down to 0,38-0,37. If you look at the MACD indicator we can see that it doesn't look like it has enough volume or momentum to break through the specified areas mentioned earlier. For a more short term strategy, we can see that on the 5 minute time frame that Cardano is looking strong, if it breaks past 0,4090 then I would begin to look for a long position with the first TP at around this month´s high at around 0,4180, and then shorting back down. At this moment Cardanois forming a descending channel pattern, that could very well be an indicator towards a short position. I definitely think that Cardano is going to make some big legs these next weeks/months but not without some corrections along the way, as we can see from this month. Enjoyed the analysis? Like! Want to see more? Follow! Let me know what you guys think! Let me know in the comments! - The Stallion REMEMBER TO ALWAYS TRADE AT YOUR OWN RISK AND I AM NO FINANCIAL ADVISOR.
by TheStallion_
EURUSD: Strong Trendline and RSI Divergence Signal Upside PotentThe EURUSD has experienced a pullback in February due to concerns about inflation. This concern was further highlighted by yesterday's CPI (Consumer Price Index) data, which revealed that inflation may stick around longer than expected. The release of this data has led to a boost in the USD and a bearish outlook for the EURUSD. However, despite the bearish price action, some traders are taking a contrarian view and looking for potential opportunities to buy into the pair. One factor supporting this view is the strong trendline that the EURUSD is currently approaching. This trendline has previously held, indicating potential support for the pair in the near term. If the trendline can hold, it may create a good entry point for traders looking to buy into the pair. Additionally, a printed RSI divergence on the 4-hour chart is providing a reason for cautious optimism. RSI is a popular technical indicator used to identify potential areas of overbought or oversold conditions. When the RSI diverges from price, it can suggest that the current price movement is losing momentum, potentially leading to a reversal. This could be a sign that the bearish momentum for the EURUSD may be losing steam. However, traders must also weigh the risks involved. These risks include ongoing concerns about inflation, geopolitical issues, and economic uncertainty caused by the COVID-19 pandemic. In particular, the CPI data released yesterday suggests that inflation may continue to be a concern for some time, which could create further pressure on the EURUSD. In summary, while the current market sentiment for the EURUSD is bearish, some traders are taking a contrarian view and looking for potential opportunities to buy into the pair. The strong trendline and RSI divergence are providing reasons for cautious optimism. However, traders must also consider the risks and uncertainties in the market, particularly given the concerns about inflation and the broader economic outlook.
Long
by natron
MANA/USDT Maybe some correction is needed.Hi Dears Why MANA/USDT is going for correction? In this idea, I would tell you the answer to this question in a brief and useful format. First of all, we are moving near the weekly supply in the control zone. Second, the volume is decreasing. Third, the RSI shows clear Divergence. And at last, the rising compression pattern is made. So I think that correction is near. You have to wait until the trigger is activated. Maybe the price wants to spike to the supply zone that is likely fake for gathering the liquidity and then starts to fall. Sincerely Hosein Poursaei
Short
by hosein-9879
ETH Swing long trading setupHello guys lets take a look at ETH/USDT Chart in Daily timeframe. the price is struggling with 1260 level. according to the temporary Bullish sentiment in market i think price will surge to 1400 level. where we have a strong Trendline and 61.8% Retracement Level of last price LEG also a divergence seen between RSI and price recently that can improve this run. at all i think price will reach a critical point drawn in my chart. Dont Forget to set a suitable SL and manage your risk. thank you for your attention please share me your opinion in comments so i will be happy :) GOOD LUCK
Long
by TraderAmin-KZ