LTCUSDT is currently in an oversold condition. It´s likely for the price to go down. The bollinger bands, RSI and stochastic they tell us the price will go down soon. The price is approaching a previous resistance. So wait for the price to retest this resistance if it does the resistance line becomes your entry point. Further details are shown on the chart. Goodluck!
Although I exited the trade (fear, was uncomfortable with potential reversal of bearish momentum, see linked Idea), setup is proving valid as the price continues to move downwards with wicks reaching down the 9/21-10/19/22 Fixed Range Volume Profile. Note how the Advanced RSI indicator provided Advanced Oversold DOTS multiple times(see 10/18/22 11:00am) when the...
SUSHIUSD has done this pattern similarly if you scroll to the right: breaking Bollinger Bands upper band with extreme levels of over bought in an almost TRIPLE TOP fashion. Plus a decent sized bearish candle that followed. Difference we have here is it's being rejected off of a major resistance zone (drawn off WEEKLY). I think we see the beginning of a downtrend...
INDEX:BTCUSD RSI is a trend indicator... Based on the RSI period 24 based on the high of each candle, being oversold at 30 and overbought at 90, we have incredible results in anticipating bull runs, and always buying in the bottom range, As well as taking the operation to optimal sales values In 2017, the sale indication was at the exact top, in 2020/2021, on...
Lower High in Graph and higher high in RSI Most likely to fall 1H Chart
The RBA are expected to hike interest rates by 50bp at 14:30 today and take the cash rate to 2.85%. From here we suspect they’ll revert to 25bp hikes with the potential to pause in December or January. The Aussie remains within an established downtrend and within a wider bearish channel on the 4-hour chart. It appears it is within the third wave of a 3-wave...
Just the RSI for a good profit. My goal is not to give you buying signals, it is to help you understand how to identify the signals
With USDCHF at extreme overbought levels and rejection from the previous resistance along with the long candle stick, we are looking at a short for the Swiss Franc with a stop loss set above the entry candle and take profit below the 20 MA and 50 EMA right above the 200 EMA. I think for the time being we trade in this channel here highlighted by the blue lines,...
The market has been crazy this week. It has been one way traffic and we finally get a chance to trade on Thursday morning. There are a number of sell opportunities but we have chosen EURJPY. 1) The trend is down. 2) H1, M30, M15 is OB 3) Divergence is present. 4) No harmonic pattern though This would mean stocks in Asia will drop this morning.
$DOGEUSD 🐕 has finally reached overbought levels, that haven't been seen since mid-August. To put it bluntly it's been particularly quiet on the $DOGE front. We may have a SHORT opportunity here upcoming and my eyes are peeled on this near term resistance level on the 4hr and breakout of the upper band. Waiting for a confirmation candle as well as RSI to point...
Possible Buy Idea at current market price -JPY retracement already confirmed at support area -take note RSI is at floor level which indicates a Strong buying potential
After the Ethereum merge the trading range has fully developed into distribution. RSI bearish divergence on the daily after completion of the UTAD Test (upthrust after distribution). Bleak outlook for ETH as it drops back into the TR
Bitcoin looking a little overbought, Bollinger Band bearish divergence on 4H Closing longs and waiting for a pullback to green box: $20,000 - $20,400
Could this be a new major zone for USDJPY? With RSI on the potential downturn on the daily here, this could be a little breather for the yen finally and a potential short-term short trade at least 13 EMA levels (yellow line) for a potential bounce back or break down.
Since its already reach the 3 leg and RSI is very overbought. it will surely do a price pullback for the 4th leg and then goes to the last leg of elliot waves. Frankly, $LUNC price movement has been following the EW very accurately from first leg till the 3rd leg. Note : not a financial advice and TAYOR
10Y Bonds are overbought kissing 200 MA RSI OB MACD OB ----------- This is a sign the ASX could bounce as 10 years pull-back from overbought and 200 MA being resistance. If bonds reak above 200 MA it signals a continuance in market fear and scepticism. US10Y Already found broke above 200 MA and it is now a supporting moving average, bad sign ASX could follow.
Technical Analysis Chart Update NZD / USD ( New Zealand Dollar / U.S Dollar ) Time Frame - H1 FALLING WEDGE Pattern in Short Time Frame #STF and Rejection from the Lower Trend Line #LTL Strong #SUPPORT Level It is also Following #ELLIOT_WAVES in Short time Frame and it has completed the Impulsive waves will follow the Corrective Waves now Strong Buying...
The pair has been on an uptrend since last week. It is now OB on H4, H1, M30, M15. The pair is showing divergence on H1, M30 and M15. There is also a pattern to sell at the high of last week.