Rsi_divergence
RSI breakout coming for BTC on the dailyA diminishingly bullish RSI pattern has been forming since january, and it's FINALLY looking to break here. The RSI is testing the upper resistance constantly and considering the price action recently it's looking quite bullish.
NIFTY Weekly price chart - RSI divergence
Sharing idea after long time.....
While going through charts observed this. Nifty weekly chart is having RSI divergence. RSI divergence is extremely reliable tool to predict price action in near future.
Traders need to go back in history and analyze RSI divergence(Bullish or Bearish) with different price charts.
Have marked Fibonacci levels for reference.
In my opinion nifty will witness correction in near future. It is difficult to tell the level to which it will fall. Price is expected to fall take supports at Fibonacci levels and at up trend channel lines.
This is not trading idea, this is for analysis and learning purpose.
Wish all the traders good luck and lots of profits.... :-)
FDAX RSI Divergence Dax RSI Divergence, watch for close below trend to enter short position. Volume appears to confirm this after accounting for out close-out volumes.
Following RSI daily TF. Bullish IdeaPossible break of downward RSI trendline might test initial 40K-41k resistance level,and inorder to stay bullish RSI needs to stay above 50level if it breaks from here. . Looks like the rsi_divergence from last update was playing out
Following RSI daily TF. Bullish IdeaAfter reaching 30.2K low(creating a divergence), looks like btc might visit 35K level hitting the upper line of the downward channel of the 1 day TF.
Bullish Bounce Off Shark for now; Bearish 5-0 Continuation LaterI will be playing XRP for a potential Bullish Bounce for now but i will be exiting around the 50 percent retracement due to the potential of developing a Bearish 5-0 later.
ETH sitting right on its 20day EMAETH sitting right on its 20day EMA at the moment and approaching the end of another rising wedge ( bearish )- See Previous Charts
- Following an ABCDE pattern from the previous rising wedge it broke below
- Bearish divergence on the RSI
- Expecting further downside, watching for a long-term entry circa/sub $2,000
ETH forming a symmetrical triangle- will be watching closely to see which way it breaks for possible long entries.
- Buyer volume is drying up and bearish divergence on the RSI
- Bearish Gartley formed on the 30-minute timeframe
BTC is STILL BEARISHBitcoin is in very important situation.
It has the resistant area of 41k to 42k ahead and also EMA-200 an daily chart.
EMA-50 is already crossed the EMA-100 downside on daily chart
the RSI indicates that Bitcoin probably is going for lower prices.
in this scenario , the next support level (between 30k and 31k) on daily chart can respond to sellers and bounce the price up again.
So trade whit caution and remember anything is possible.
This might work on OKTA! 👍OKTA has a double top in the 30min, and an RSI divergence as well. This indicate weakness, but it is true that OKTA can do something pretty nice, especially if it drops again to the 20ma.
Things could go wrong if it loses the 20ma in the 4h chart. But OKTA ia almost breaking the pivot at 231.81, and this will make it close the gap at 245.
We see no RSI confirmation, but at least, no divergence too. This makes OKTA interesting, but let’s be careful, because it can drop in the 30min chart!
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See you soon,
Melissa.
Another target hit, but we have a caution sign here! ⚠️Ok, MSFT finally closed the gap, as we expected it would, but now it has some problems, and we must be aware of them. First, we have a divergence on the RSI, indicating some exhaustion. Second, it lost the 257, and although it did a brief recover to the 20ma, it couldn’t keep above the black line.
In our last analysis, I was saying that the gap were at a 261, but in the daily chart it was already closed, and now MFST is indicating more exhaustion.
It can’t break the 260, and it is doing a correction now. I think that now it is time to start selling instead of buying. By hitting the 253 again, I think it’ll give another chance to buy, but I’ll change my bullish bias to a neutral bias.
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See you soon,
Melissa.
BTCUSD hidden bullish RSI divergenceThere is hidden bullish RSI divergence in 15m, 1h and 4h in BTC.. There might be a jump jump wth new 4h..
This close to hit our target! 🤏Yes, PLTR did break the point we mentioned last week, and now it is almost 1 dollar away from our target.
Even with a RSI divergence, PLTR triggered the ascending triangle, and now the 26.22 is our next stop. PLTR is a great company, which I like to trade, but I also invest at it.
For now, I’ll assume it’ll hit our target, unless it loses the 24.68 again. Then I think it’ll correct, and I would probably buy more shares if it does.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Watch out this support level on NIO! 👀We have a few things to keep in mind here:
First, it is a bullish momentum, and rn it is just dropping to the support at the 20ma/previous resistance at 46.26. Nothing amazing. But, if NIO loses both supports, it’ll trigger the advanced breakdown as the RSI suggests.
We have a small divergence in the 4h chart, just when we hit a resistance. Also, we went briefly outside the BB, but NIO managed to close inside the bands in the end, which is not a buy sign for sure.
You guys know that I’m out of NIO again, and I’m just waiting for another good opportunity around.
When I’ll trade it again? When it gets closer to a support level, that could be the 20ma or the 42 area.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Buy triggers - Bitcoin exampleHow to filter a nice entry, on the developing 30 min chart of BTCUSD.
1. Need to form a lower low, after the consolidation below the 20 SMA (in this case - median of the bollinger bands).
2. After the thrust down and a new low make sure that RSI displays a divergence with the price action (red lines).
3. Most important: price should display a strong move to the upside, through the whole range of the bollinger bands, in an impulsive manner, forming a higher high.
4. Buy entry: buy limit at 50% pullback, exit - the last low.
5. Move stop loss according to your rules. Better place after the higher low as soon as price goes up and makes a higher high after the trade triggered, and keep the trade.
Good luck!
Bitcoin Bullish RSI DivergenceThe Stochastic RSI on the 1D BTC/USD chart shows higher lows while the Bitcoin price is showing lower lows. This bullish RSI divergence can potentially lead to a short-term uptrend by Bitcoin and we could see it challenge the key 40k resistance level.
What's new on PLTR? 👁👁Ok, PLTR did break another pivot at 24.33, and it hit the resistance at 24.68 again. Now, the situation seems pretty simple: If it breaks the 24.33, then our next stop is the 23.51. If it breaks the 24.68, then we’ll keep climbing to the 26.
There’s an ascending triangle in the 4h chart, and this favors long trades. But we still have an divergence on the RSI, and that’s why I prefer to have a partial position, instead of a complete one, as I already told you guys I would.
If PLTR drops again, it’ll be a chance to complete my position, but if not, that’s fine, I won’t complain 😊. Let’s keep our eyes on the points mentioned and we’ll be fine.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Do you have FOMO? This strategy might work for you! 👀NIO hit the 42 again, and we have a pivot that could trigger a buy, at 43.04. We have no RSI divergence, but we are still far from the 20ma in the 4h chart.
Also, we still have a small divergence here. This makes me cautious about NIO. Either way, if it breaks the pivot mentioned in the 30min it’ll be a buy. It could be better, but if you have fomo just buy a small position, and if it drops to the 40.89, just buy more shares to complete your position. 😉 You'll have a good cost-basis, and if NIO flyies again, you won't be completely out.
I’m out of NIO for now, but I’ll probably do this strategy. It is just like PLTR (check my PLTR analysis, btw).
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Some strategies we can use here! 👀The situation is quite simple on PLTR: We have an ascending triangle, and to the side it breaks, it’ll be good.
If it breaks downwards, which is something the RSI is telling us it’ll do, the 23.50 is the target.
The 4h chart is a little bit more pessimistic, because PLTR has no supports aside from the fibs retracements. I’m not sure if PLTR can drop to the 21.73, but this is what the charts are telling me.
On the other hand, the ascending triangle of the 30mins looks like a pennant in the 4h chart. This is a continuation pattern (most of the time), and PLTR can fly to the 27.50 if it breaks upwards.
So, we must focus on these patterns from now on! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Bank Nifty Index can make new highs but after good Retracement NSE:BANKNIFTY
Bank Nifty has entered the bull market and is making higher highs and higher lows. 1 hour chart showed negative divergence and this stock could possibly retest its previous zone which is also Fibonacci 60% retracement which makes it an important zone. After the retest it could make new highs.
