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Rsi_divergence

Bitcoin 2021: RSI divergence A bearish divergence is the pattern that occurs when the price reaches higher highs, while the technical indicator makes lower highs. Although there is a bullish attitude on the market, the discrepancy means that the momentum is slowing. Therefore it is likely that there will be a rapid decline in price. RSI divergence is primarily used to determine when it’s time to sell because prices are likely to drop or when a general trend reversal is in the cards. As a leading indicator of a trend reversal, divergence should be combined with other technical analysis methods when making the decision to act on a specific investment.
Short
by RNiedson
2
AAPL 4H Short Trade Fibonacci AnalysisHello everyone Quick Fib trading plan We can see that AAPL is in an uptrend overall, although it did gap downwards a few days ago. According to my analysis, there is going to be a leg down to $136-137, supporting this idea: 1) Fibonacci retracement going to the golden pocket (61.8-65) 2) Fibonacci extension 1.618 drawn from the top to the previous leg down dragged to the top 3) RSI showing bearish divergence (prices going up while rsi going lower) 4) Fibonacci retracement 0.5 of the major swing probably going to act as support, adding confluence (blue line + 1.618 fib extension target) Also important to mention that the blue line is the support that was the previous top (resistance), having confluence with the 1.618 fib extension and fib retracement 0.5, making it more probable of happening. Combining all this factors, there's a strong possibility of a leg down towards that level, I recommend always positioning a stop loss , in this case I have two values: 147.54 or 148.31 If you want to share your ideas , comment down below and like if you enjoyed this analysis. Disclaimer: I'm not a financial adviser , I'm not responsible for any losses due to following my chart analysis!
NASDAQ:AAPLShort
by Vasques
Will it ever stop dropping? 😱Despite the huge RSI divergence, there’s nothing good going on in WISH now. We are dropping a lot, and nothing here says we’ll stop. I like to think that the time to buy is when it is dropping, but we must do it carefully, always waiting for our chance, looking at the patterns that could change the trend. We have no patterns now, but if we do a green candle on Monday, breaking through the 9.68 I’ll consider it a good sign for sure. For now, I prefer to watch it carefully, waiting for my chance. 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.
W
by UnknownUnicorn21312077
7
Looking pretty weak... Will it do something? 🤔We have been moving sideways for a while now, and we have a support at 89. I see nothing amazing here, but I agree that if we see something very good around, it can be a buy. The problem is that the momentum is not the best. AMD is pretty weak, and if you look at the 4h chart, it is disappointing: We have an advanced breakdown in the 4h chart, and this ruins any bullish thesis. We are under the 20ma and it feels like it must do more correction. If it drops to the 87, we can start thinking about AMD again. For now, I’ll be on the sidelines. 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.
NASDAQ:AMD
by UnknownUnicorn21312077
When will it give another chance? 👀Yes, PLTR lost the support at the 50% retracement, and I think we are heading to the 61.8% next. In the 30min we have a divergence, but it is not a strong one. We are still pretty oversold, but this didn’t top PLTR from dropping today. We have a possible sign of life on PLTR here, but again, I’m focusing on the fibs retracements, as we can see here: It seems we’ll hit the 21, but the RSI is too oversold. We have a complex scenario where PLTR can just drop more to the retracement or respect the RSI and go up tomorrow. It feels like the chances are 50/50. What you think? I prefer to wait for more confirmation now. 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.
P
by UnknownUnicorn21312077
1
ASX company RLT (Renergen Limited)Dual listed (Australia & South Africa) Renergen is a hidden gem, that appears quite undervalued and is now trading at it's lowest point since beginning of 2021 when it saw a substantial price spike. Price looks to have reached a technical support level on the ASX and we are seeing bullish price divergence indicating a swing back to the upside may be close by. Renergen (RLT) hold the only onshore petroleum production right is South Africa, already have a proven gas resource and have recently uncovered some of the highest helium content readings globally and as a result they have penned an MOU with one of Germany's prestige automobile companies. They also have a strong management team with deep experience in gas production and South African banking and governance. Fundamentally this looks good and now technically it looks like we are reaching a good buy in price. I've used 2 tops as Fib retracement levels that both anchor to the same take off point when the price exploded in the beginning of the year, this creates Fib retracement "zones" instead of a single price line and the chart clearly shows that these zones have been important as the price has been falling. The price bounces around these zones quite a lot. Currently we have broken below the 0.382 retracement zone but now receiving support from the volume (refer Volume profile) as we are now at the heaviest traded volume area since beginning of 2021 and the RSI vs price is now showing bullish divergence. If the price does not move higher from here then the next Fib level below (level 0.236) is between $1.43 - $1.46. If we break above the downward trend line (in white) then this could be the beginning of the reversal and would be an extremely cheap entry for a company with such strong long term prospects. ***This is my personal opinion and I'm not a paid advisor, please DYOR before investing***
ASX:RLTLong
by gary_trades
BTC Divergence, confusingMonths of bear divergence and hidden bull divergence broken when we made our real lower low supported by that lower high. our bulls divergence + hidden bear break when BTC get its higher high but that situation isn't supported by a higher low we made lower low instead, we had our 2nd bull divergence, but it's unclear because we can potentialy had a hidden bear because RSI relatively goes higher and our value relatively goes lower, will that count as hidden bear? I know my grammar sucks, just share what's your thought, i'm genuely confused here. Months of Bear divergence needed to drag us down will this 1month of bullish divergence will bring us shot up sky rocketing? Edo is confused help Edo out of this confusion lmao. Love ya folks
B
by Crizyh
When will it fly again? 🤔We did break the 46.25, but we quickly went back to the range. That’s fine, as NIO needs more accumulation, and let the BB get tight again. Sooner or later, we’ll explode and by looking at the RSI and considering we are above a support area, it seems it’ll break up! The problem is that we could be more oversold in the 4h chart, but I’m not complaining. NIO is slowly breaking its resistances, and since we are at a support area, the risk-reward is pretty good. I’ll keep you guys updated about NIO every day. 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.
NYSE:NIO
by UnknownUnicorn21312077
9
Just about to do something great! 👀Just like PLTR, we have an advanced breakout on WISH too, but the price didn’t confirm any buy yet. We are still accumulating, and the Bollinger Bands are very tight. It’ll explode soon, and it looks like it’ll be up. We are bouncing after we hit the 10.37, and we even went outside the BBs for one moment, indicating some fatigue. Again, we have no buy yet, but I think next week we’ll have our chance! I’ll keep you guys updated. 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.
W
by UnknownUnicorn21312077
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.... :-)
NSE:NIFTYShort
by dhananjay.d.joshi