RVNUSDT Analyze (ETH Merge soon Launching)!!! 🧐
I think something special is happening here to Ravencoin (RVN) , but please don't get FOMO.
Of course, the good news for RVN is that there is the launch of the Merge tomorrow 2022-09-15 at 6:00 UTC in approx 13 hours frome now. But as it has been hyped since weeks now ETH could crash after the launch. RVN will be one of the only coins profitable for GPU mining so people are expecting a rise to happen here. We should expect at least a correction after the strong upward trend that it had in the previous hours.
RVN Analyze ( RVNUSDT ), Timeframe 15m ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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Rsi_divergence
BTC from an RSI Viewpoint.A look at BTC on a higher timeframe from an RSI viewpoint.
3 Day Chart - RSI Settings (length = 21, MA = 21).
Things are getting interesting! We have broken the RSI Downtrend (green) but are also sitting right at the previous broken support. (red line - previous break downs in red crosses)
This line has been major RSI support since 2019.
We currently have some hidden bearish divergence and have hit the 0.618 of the previous move down, meaning it's likely we're due for a retrace here.
Using the broken RSI trendline as our support, we need to hold 19500 to have a bullish run. (Green line on chart - This also lines up with the 0.782 so could be a deep retracement)
In regards to future resistance, breaking up through the red line will have us in the all clear and the next line of major resistance on the RSI is 25,900 on the 1 Week Chart ✌🏼
Triple divergence of the weekly RSI on US Dollar Index Triple divergence of the weekly RSO in the US Dollar Index ahead of the US CPI and the FOMC points to a significant loss of upside momentum, we would allow for the possibility for the market to mean revert to its 20-week ma at 105.76.
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A 1:7 Risk to Reward SHORT on CHFYENThis pair has exploded upwards and needs a correction to the downside.
It is massively overbought on W1, Daily, H4.
H4 is showing divergence.
The resistance at 148.85 is very strong and there is a nice harmonic pattern.
Target 1 is about 500 pips away with an 80 pip SL.
BTC/USDT - 1H - Rising WedgeBTC/USDT is in a bullish trend, making HHs and HLs. The price action is forming a Rising Wedge chart pattern.
There's also a strong Bearish Divergence on RSI. The price might break down the wedge and fall towards the horizontal support.
Bulls will be in control above the rising support. There's also an opportunity to go short if the wedge breaks downside.
Trade safe. Hit like & follow for more analysis.
RSI Crash Course - Why Most People Get REKTHere is a quick crash course on how I use the RSI along with Elliott Waves.
- Using the 20, 30, 40, 60, 70, 80 levels within the context of the trend to spot entries
- How to spot uptrends and downtrends with support and resistance
- How to spot big 3rd wave moves
- Using divergences to spot the end of a trend
This can be used on any time-frame but I just use it on the daily for this example
Like anything in trading, the RSI is more complex than most people first suspect. However, I hope this tutorial simplifies it enough for you to improve your trading
P.S. Video cuts out part way into my example, but you get the full tutorial and setup on how I use the RSI
Hope you have a great day trading,
Tchau
USD / CAD Next MoveTechnical Analysis Chart Update
USD / CAD ( U.S Dollar / Canadian Dollar )
Time Frame - H4
It is Following DOUBLE TOP in Long Time Frame #LTF it is Rejecting from the Daily Resistance Level
In Short Time Frame #STF we have BULLISH CHANNEL and it has Breakout the Lower Trend Line #LTL and completed its Retest
Strong Selling Divergence
We Need to wait for retest and then Strong Bearish Price Actioin
EURJPY SELLCONFIRMATIONS
- Price moved very heavy to the upside without any real major economic moves, I believe this happened for a major sell of for tomorrow.
- Waiting for price to hit my fibonacci retracement to enter for a sell.
- Big news coming out tomorrow. Main refinancing rate, monetary policy statement, and ECB press conference.
- Price might not go as low as i'm expecting on my fib because I do think it is an uptrend but were are about to have a major correction.
- Waiting for moving average to go under price.
- Waiting for candlestick confirmations (shooting star, inverse hammer, double tops, and lastly a doji to confirm pattern reversal.
- Price is completely overbought on my RSI indicator, which is a good sign price will fall.
update on Sanofi, very bullish!!!1. rsi going up
2. macd about to cross its lines
3. price getting consolidated
4. correction waves are done
5. volume increasing
i have no reason why sanofi will fall.
one can take trade during this time, and do swing trade TARGET- above 7800.
one can even go long term, as this is the most bottom part of Sanofi, and you will getting benefitted later.
BUY AND HOLD.
USDCHF to sell soon?Using the three drives pattern, we can consider that the leg C has been reached (0.618 fib ratio of the entire pattern). This means that buyers are exhausted, reaching a great resistance zone for confluence on the D1.
Here we observe RSI bearish divergences on H4 and H1, with a double top pattern.
Wait for a big candle close below the neckline for more confirmation.
Good luck everyone,
Joe.
NZD/USD Next MoveTechnical Analysis Chart Update
NZD / USD ( New Zealand Dollar / U.S Dollar )
Time Frame - H1
FALLING WEDGE Pattern in Short Time Frame #STF and Rejection from the Lower Trend Line #LTL
Strong #SUPPORT Level
It is also Following #ELLIOT_WAVES in Short time Frame and it has completed the Impulsive waves will follow the Corrective Waves now
Strong Buying #Divergence in #RSI
DOUBLE BOTTOM Pattern in Long Time Frame #LTF