$109 was the bottom? $BABA RSI hinting a breakout!Hey Traders,
As evident on the Weekly Chart of Alibaba (BABA), the Fibonacci Retracement looks like it matches up almost perfectly! Next, the Weekly RSI has something very interesting.. A descending resistance line is clearly present and if we are to break it, BABA would have a rebound to the golden pocket. The target is at .618-.65 ($238-$246) so set TP's/ Sell Orders there.
Safe Trading,
-Pulkanator
Rsibreakout
EURCHF sell opportunity 📉👌Our RSI reversal strategy has presented a short trade on EURCHF.
Previous trade which was also a short shown to give more of an idea on how the strategy works.
This is a new strategy script we are trialling at the moment.
Entry details are shown on the chart and we are working the 15M time frame.
Take profit is the green line. Pink line is stop loss.
Trade history can be seen below this trade idea too for full transparency.
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Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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The stats for this pair are shown below too.
Thank you.
FACT - Cup and HandleAs on 26-05-2021
Possible Cup and Handle breakout
Backed by Volume confirmation/Movement
Similar pattern was seen for icici bank in the month of August - September 2020 which has already been published before . Hopefully if broken out expect a minimum 40 rupee move to 180 levels
A Possibility of RSI Breakout also may exist at the black line along with the cup breakout showing a stronger move
Possible Bottom on Weekly Chart. I see multiple indicators showing a bottom on the weekly chart.
1. The stock is in a solid uptrend.
2. Last candle is a green doji.
3. The current price is near a clear level of support.
4. The doji bounces off the Lower BB
5. Looking for MACD to start closing in on signal line
6. Looking for RSI STOCH to cross above 20 line.
If this thing turns around, this could be a wonderful opportunity for an Option trade!
3X BTC Bear Token Looks Ready To Make High Percentage MovesBTC is showing exhaustion on the MACD and RSI at the Logscale 1.618 PCZ of a Bearish Butterfly and looks to be gearing up for further downside. The way I plan play this move is by buying the 3X Short Token for BTC as it looks to be breaking out bullishly on on the Daily RSI and the MACD seems to be ready to make some more Positive Momentum.
The weekly for this 3X Bear Token also looks to be showing a Bullish Pinbar if it manages to close the day and thus the week the way it is now.
Overall i think the it has the potential to go back to the 1 cent area.