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Rsi_divergence

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
KRAKEN:ETHUSDShort
by jacobosiason7
1
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! 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:OKTA
by UnknownUnicorn21312077
5
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. 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:MSFT
by UnknownUnicorn21312077
8
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.
P
by UnknownUnicorn21312077
2
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.
NYSE:NIO
by UnknownUnicorn21312077
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!
BITSTAMP:BTCUSDLong
by UnknownUnicorn3382580
1
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.
P
by UnknownUnicorn21312077
2
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.
NYSE:NIO
by UnknownUnicorn21312077
8
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.
P
by UnknownUnicorn21312077
2
Bearish Divergence RSI Gold AnalysisGood day guys! I have been patiently waiting for this setup to activate. However, price action for the past two weeks found a way to rally some more. This has led to the RSI Divergence continue on its path. If you notice the head and shoulder has formed on the 4hr, with he bearish RSI divergence, with the fed saying the end of last week they are wanting to tamper, the retail sales did not do as well, et cetera. There are many reasons to be looking into getting into this position. I do have three positions in 1904.36, 1904.28 & 1901.46). I do believe in trailing your SL into profit to ensure being a risk free trade. Remember, I am not a predictor of markets, for my trading is all about reacting. I just understand the technicals and fundamentals. Warren Buffet once said, "Be fearful when others are greedy and be greedy when others are fearful." Be sure to leave a comment, like and share this for your support. We do appreciate you checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
OANDA:XAUUSDShort
by ThirdEyeTraders
1
ETH Looking Sneakly Bullish?My Fellow Crypto Traders, Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy Trading! ------------------------------------------------------------------------------------------------------------------- Analysis: RSI signaling upward divergence, w/in a bullish triangular formation as eth makes higher lows. Moreover, EMA's are converging, which could show some signs of support or possible further manipulation. Therefore, could see a breakout of micro-triangular formation into a macro formation in which a good entry could be @ re-test of pivot.
by AB_Trading-Intelligence
How to analyse Divergences using RSI for BTCUSDThis tutorial on RSI Divergences is the second part of a RSI Masterclass series. We have already discussed how to make use of the basic RSI indicator in our previous masterclass tutorial. We will understand the use of Divergence oscillators in short timeframes for BTCUSD. A divergence happens when the price of an asset (BTC in this case) moves in the opposite direction to a momentum indicator or oscillator. It is the opposite of a confirmation signal, which is when the indicator and price are moving in the same direction. How to use Divergence in trading A divergence is often seen as a sign that the current market action is losing its momentum and weakening, meaning it could soon change direction. there is a significant chance of a price retracement Bullish Divergence A bullish divergence is the pattern that occurs when the price falls to lower lows, while the technical indicator reaches higher lows. After a bullish divergence pattern, it is common to see a rapid price increase. Bearish Divergence A bearish divergence is the pattern that occurs when the price reaches higher highs, while the technical indicator makes lower highs. There is a likelihood of a rapid decline in price following the divergence Please note: One of the most common problems with divergences is ‘false positives’, which is when the divergence occurs but there is no reversal. The technique does not give a set price point at which to open or close a trade, just an indication of the strength or weakness of the underlying market sentiment. ------------------------------------------------------------------------------------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas! - Mudrex
BITSTAMP:ETHUSDEducation
by Mudrex
1