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Rsi_divergence

Brief Bear Before Next ATHClear Bear Signal on 14 Apr, engulfing candle in NQ ate up every penny earned on 13th, a twin tower. Volume declining, RSI Overbought. Bull trend is intact, IMO gonna retest the breakout point and consolidate bullish power before moving to ATH in late April > early May. A real correction to emerge later in May > June; then a summer rally. ERs will drive it now, SandP PE = 42, need big ERs to support price. Not investing advice, trade at your own risk, GLTA!
CME_MINI:ES1!Short
by DaddySawbucks
7
$OPEN false breakdown, time to long?Opendoor Technologies Inc, one of ARKW's holding, had a false breakdown yesterday(4/12) and it seems to be wanting to retest some resistances. Pros: - RSI Bullish divergence on the 4hr chart. - Seems to have found support with 5 EMA - Price is close to the bottom of the BB, making it a good R/R trade Cons: - Volume has been decreasing, 4/12 breakout had a massive volume compared to the average. (Could be a false breakout to trigger stop-losses which are likely set on (3/31) low - The stock follows ARK's trend, if ARK's ETFs underperform, it is unlikely that $OPEN will do well. Critical levels: Supports: 19 / 20.33 (5EMA) Resistances: 21 / 22.95 (20MA) / 26.34 (50 EMA) My position: Entry 21.02 / PT 28.5 / SL 19. Return so far -6.38%
NASDAQ:OPENLong
by Mattyx227
3
DXY to Continue Showing Strength as it heads towards 95We got in at the bottom and will continue to show conviction as the DXY attempts to back test the old 91-92 resistance zone as support. If successful the DXY should have clearance to rise to 94 and beyond. As of now the DXY is showing 3 layers of hidden bullish divergence on the MACD and 2 on the RSI while forming what looks to be a broadening channel above the 92 resistance area. I expect that this uptrend for the DXY will continue as the US Dollar continues to gain strength and overblown fears of inflation become shattered.
TVC:DXYLong
by RizeSenpai
GBPCHF> Trading Plan for A Short !!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you. Analysis up on #GBPCHF Hello friends. If you have been watching the market closely, you would have noticed there are many markets with RSI divergence and it is been going on for a while now and this might continue this way. However, we can watch this market for a break of structure in anticipation of a change in trend. If the Market breaks the recent structure level I will look to get in a valid short trade that meets my rules, in total this possible setup could bring over 400 pips for two TPS Safe trading everyone Check today analysis below⠀ >> you must know what is your risk before you get in a trade, many traders will only look at how much they will get _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Short
by TheTradersAvenue
11
GBPNZD > Possible Reversal Setup For A Short !!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you. Analysis up on #GBPNZD Hello friends. a double top with RSI divergence near-weekly resistance at 1.9800 number good setup for a reversal trade, waiting for a confirmation to get in the trade targeting structure support level Safe trading everyone Check today analysis below⠀ >> you must know what is your risk before you get in a trade, many traders will only look at how much they will get _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Short
by TheTradersAvenue
10
Time for the Bitcoin to consolidate/correct?There is a divergence between RSI and Bitcoin price. In addition to that, Bitcoin price is breaking the trend line that has been guiding the price upwards since the beginning of the year. It seems that is time to digest gains for the next weeks ahead. Consolidation can only take two directions: sideways or down. The next important resistance could be 43k. What is it going to do? No one knows, only time will tell. Have fun and be careful out there!
COINBASE:BTCUSD
by j0secyn
CELO/USDT - Long potential due to trend reversalCELO/USDT pair has formed a double bottom on the 1H timeframe. Even though the pattern might not look reliable at first, a key thing to note is the RSI divergence While the price has formed a lower low, the RSI has moved upwards. This indicates that the bulls are gaining momentum The price has broken the neckline so the pattern looks successful. The ATR value is low which indicates that volatility is going to increase Look to time your entry around support using RSI for momentum based swing trades
Long
by kipawa
NEAR Caught in a Strong UptrendNEAR is one of the newest cryptocurrencies on the market, and it is already making a name for itself after an almost 1,000% increase over the past three months. Fundamentals NEAR Protocol (NEAR) is a decentralized application platform created to help developers design their apps. The network runs on a Proof-of-Stake (PoS) consensus mechanism and aims to offer scalability and stable fees. NEAR is the native utility token that is used for: 1. Fees for processing transactions and storing data. 2. Running validator nodes on the network. 3. Governance votes to determine how network resources are allocated. Similar to BTC, NEAR has a controlled supply. Its current supply stands at just over 300,000. The supply is set to increase by 250,000 annually and reach a total of 1,250,000 after 5 years. Economics tells us that when supply increases, price decreases. Thus this is not a positive aspect at the moment, but it will be so in five years. NEAR on the Chart NEAR is currently in an uptrending channel. It has recently hit the upper limit of the channel and now even broken through, indicating that a short-term pullback is imminent. There is also a bearish RSI divergence indicating a pullback. The Relative Strength Index (RSI) is a momentum indicator that oscillates between overbought and oversold. When RSI has a value greater than 70, it is said to be overbought (indicating that it is a suitable place to sell), and when it is below 30, it is oversold (a suitable place to buy). A bearish RSI divergence occurs when the RSI is moving lower while the price is moving higher. This is precisely what happened between the 9th and 10th of March, thus further indicating a short-term reversal. Looking Ahead: NEAR appears to be in a solid uptrend for the past three months, mostly respecting the channel drawn on the chart. However, due to the price breaching the upper limit and the bearish RSI divergence, it may see a short-term reversal before pushing higher.
Long
by cryptohopper