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Rsi_divergence

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
BINANCEUS:BTCUSD
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
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