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TSLA: Is it Oversold?TSLA shares have lost their most important support level, around $230, and we are getting close to our next support, around $206, and such a move was detailed in our last public analysis, the link to which is below this post, as always. As we can see, TSLA shares have consistently failed to react around their support levels, showing great weakness, and so far, we don't see any reaction that would justify a recovery, or that could trigger a bullish move. The RSI is at low levels, below the 30% line, while it lost the 50 and the 200-period moving averages – however, there is no Death Cross yet. What’s more, TSLA has been dropping, losing all of its support levels, without any sign of struggle. A typical crash. It's a fact that the stock is well discounted, in oversold territory. Whether this is a reason for a bullish reaction is anyone's guess. The next big catalyst will be next week's results release. S ince we're approaching a critical support zone, and with the sell-off theoretically exhausted, this could be a promising turning point. Another important question is for how long will TSLA remain detached from the broad market? The indices are clearly bullish, and they have been for a while. Tech stocks are performing well, and the M7 are looking great compared to TSLA. It all depends on how TSLA is going to react now that it is close to the $206 support. Remember, always wait for confimation on the price. Any bullish reaction could trigger a short-term bounce to higher levels, the problem is that the mid-term trend is bearish, and it would be important to se TSLA breaking the 21 ema on the daily chart, along with the $230 resistance, to reverse this bearish sentiment. Only then, I’ll see a technical reason that could convince me of a better recovery – otherwise, we may see just a Dead Cat Bounce. I’ll keep you updated on this, so remember to follow me for more analysis like this. All the best, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
6
Weekly Brent Crude Oil Price Prediction - W/C 11 Dec 2023Projected Price Range The anticipated weekly price range for Brent Crude Oil is expected to fluctuate between $73.46 (Min) and $81.51 (Max). Contended Price Levels $78.10 - $81.60 High Volume Node & Resistance line - potential resistance $76.00 Resistance Line - potential resistance $73.46 Support Line - potential support Technical Analysis Fibonacci Retracement Breakout: The price is still below the 0.5 level with a resistance line and a HVN just below the breaking point of the 0.5 level. This will be a strong resistance level. Volume Profile Analysis: High Volume Nodes (HVM): Bottom HVM: Signifying an area of good liquidity and a potential resistance region. The price has stalled in this area over the last few weeks. MACD and Stochastic RSI: Stoch RSI (Bottom Indicator): The indicator crossed over last week at the overbought level and hence the price decreased. But now it is in the oversold level and this could be a good sign. MACD (Top Indicator): This indicator has maintained just below the negative region and has refused to move out over the last few weeks. I don't see it going anywhere this week. I believe it will stay for the next few weeks in the same range and may just provide a bullish signal for the short term. Additional Factors Prior Resistance ( Top Blue Line): Just above the Bottom HVM, a blue line represents a prior resistance level. The blue line that is diagonal across the price is a potential resistance line. Prior Support (Bottom Blue Line): There are two support lines just near the current price. Last week the price went near this support zone and found support and didn’t fall through. Both these two blue lines are prior support levels. The bottom support line is extended from the black box you can see on the chart from a prior chart pattern. These will be crucial levels of support and levels to watch if the price breaks though. Geopolitical Events: Given the volatile nature of the commodities market, traders are advised to stay vigilant regarding any geopolitical events in the upcoming week, as these events can significantly impact oil prices. Conclusion Based on the projected price range and the various technical indicators and analyses, the outlook for Brent Crude Oil appears to be finely balanced. The delineated price levels, including resistance at $78.10-$81.60 and support at $73.46, suggest a narrow range of potential movement. Technical analyses, such as Fibonacci retracement breakout and volume profile analysis, highlight the significance of specific levels, indicating potential resistance and support zones. The MACD and Stochastic RSI indicators imply a nuanced market sentiment, with the Stoch RSI currently in the oversold region and the MACD signalling a potential short-term bullish trend. The presence of prior resistance and support lines further emphasises the importance of these levels in the market dynamics, while geopolitical events remain a crucial factor that could significantly impact oil prices in the coming week.
OANDA:BCOUSD
by BlackbearTrader
GBP/CHF ↗️ Long Trade Setup ↗️Hello Everyone 🙋🏽‍♂️ Triangle Breakout + Rsi Oversold 🟠 EP 1.10219 🔴 SL 1.09983 🟢 TP1 1.10502 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 1.10741 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 1.10928 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Long
by EMA_Trading
1
GAS/USDT ↗️ Long Trade Setup ↗️Hello Everyone 🙋🏽‍♂️ Triple Bottom + RSI OverSold 🟠 EP 7.725 🔴 SL 7.430 🟢 TP1 8.024 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 8.319 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 8.609 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Long
by UnknownUnicorn60802882
NEAR/USDT ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽‍♂️ Ascending channel + rsi overbought 🟠 EP 2.263 🔴 SL 2.445 🟢 TP1 2.065 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 1.896 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 1.717 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Short
by UnknownUnicorn60802882
EUR/CHF ↗️ long Trade Setup ↗️Hello Everyone 🙋🏽‍♂️ Demand zone + RSI Oversold 🟠 EP 0.94538 🔴 SL 0.93986 🟢 TP1 0.95143 ⚠️( Close 50% of the trade and Set the SL on EP )⚠️ 🟢 TP2 0.95656 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Long
by EMA_Trading
AUD/CHF ↗️ Long Trade Setup ↗️Hello Everyone 🙋🏽‍♂️ Demand zone + RSI Oversold 🟠 EP 0.57310 🔴 SL 0.57177 🟢 TP1 0.57463 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 0.57647 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 0.57851🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Long
by EMA_Trading
2
EUR/CAD ↗️ Long Trade Setup ↗️Hello Everyone 🙋🏽‍♂️ Demand zone + RSI Oversold 🟠 EP 1.46743 🔴 SL 1.46196 🟢 TP1 1.47322 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 1.47884 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 1.48385 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Long
by EMA_Trading
11
LABU / LABD Medical Leveraged ETFs Flip Strategy.LABU is shown here on a 2H time frame. I am holding 500 shares having bought November 14th on golden cross of fast and slow hull moving averages. The unrealized gain is 50%. Here, I determine that I should en bloc or in increments close the position. First, on the dual time RSI indicator of Chris Moody, the RSI is now over 60 and approaching 65. Price pivoted when RSI was in this range as shown by the red down arrows on the chart. A fibonacci analysis is that the LABU downtrend of early September to late October has now retraced in the range of 50% with the mid levels shown on the chart from the drawing tool. Because of these two considerations, I believe that I should bank the 50% profit in less than 3 weeks and perhaps take a position in the inverse ETF LABD. I will do this on a 15 minute time frame, take off one fifth of the position daily at the high of day as determined by an alert for the faster Hull Moving Average doing down instead of upsloping. At the same time on the LABD 15 minute chart I will buy a corresponding position at the low of day again using an alert. By the end of the five days, the LABU position will be closed and the profits redeployed into LABD. When LABD retraces 505 of its downtrend and RSI rises above 60, I will consider fading the position and retaking a position in LABU. thus toggling positions in the inverse ETFs as analysis and indicators dictate.
AMEX:LABULong
by AwesomeAvani
1
SNX/USDT Long Trade Setup ⬆️Hello Everyone 🙋🏽‍♂️ RSI +Demand zone 🟠 EP 3.236 🔴 SL 3.051 🟢 TP1 3.434 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 3.617 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 3.803 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Long
by UnknownUnicorn60802882
LINK/USDT Long Trade Setup ⬆️Hello Everyone 🙋🏽‍♂️ RSI +Demand zone + Sellside liquidity 🟠 EP 14.225 🔴 SL 13.806 🟢 TP1 14.679⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 15.071⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 15.516🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Long
by UnknownUnicorn60802882
1
Interpreting RSI (Relative Strength Index)The Relative Strength Index (RSI) is a momentum indicator that measures the speed and magnitude of price movements. It is a versatile tool that can be used to identify overbought and oversold conditions, as well as divergences and trend strength. Overbought and Oversold Conditions The RSI oscillates between 0 and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. These levels are not set in stone, and they can vary depending on the security and the market conditions. However, they are a good starting point for identifying potential buying and selling opportunities. Overbought: An RSI reading above 70 indicates that the security is overbought, which means that it has been trading up rapidly and may be due for a correction. However, it is important to note that the RSI can stay in overbought territory for an extended period of time before a correction occurs. Overbought RSI indicator ETHUSD(Day Chart) As you can see in the chart, when the RSI indicator hit the 70 level, the price started dropping continuously. Oversold: An RSI reading below 30 indicates that the security is oversold, which means that it has been trading down rapidly and may be due for a bounce. However, like with overbought conditions, the RSI can stay in oversold territory for an extended period of time before a bounce occurs. Oversold RSI indicator BTCUSD (weekly Chart) As you can see in the chart, when the RSI indicator hit the 30 level, the price started bouncing from the bottom level. The RSI indicator has accurately predicted the bottoms of Bitcoin's major bear markets in 2015, 2018, and 2022. Stay tuned for more updates on this topic. Regards Hexa
INDEX:BTCUSDEducation
by HexaTrades
2
BTC/USDT Long Trade Setup ⬆️Hello Everyone 🙋🏽‍♂️ RSI + Supply zone 🟠 EP 36603 🔴 SL 38955 🟢 TP1 34173 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 31840 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 29474 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Short
by UnknownUnicorn60802882
7
CAD/CHF ↗️ Long Trade Setup ↗️Hello Everyone 🙋🏽‍♂️ Oversold + Demand zone 🟠 EP 0.64492 🔴 SL 0.64130 🟢 TP1 0.64861 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 0.65228 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 0.65607 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Long
by EMA_Trading
$ON: EV headwinds are priced in.$ON:1D With the earnings forecast providing downside price pressure on the longterm trend, NASDAQ:ON hits the lowest level on its1D RSI in over two years. Needless to say, our trend has been weakened from a Pearson’s R^2 of 0.91 down to a Pearson’s R^2 of 0.88 while losing a little more than 3% of the longterm trend strength in the process. While there are significant headwinds facing the EV market at current, from supply constraint’s on graphite to scaling EV’s across our shaky electrical grid system, it seems as though NASDAQ:ON has those concerns ‘overly priced in’ and could be poised for a rebound along with the broader semi-conductor market. I would expect NASDAQ:ON to make an attempt at coming ‘back in line’ with its long term trend and to make a move up to the lower 3rd standard deviation line at 76.49 and possibly higher before year’s end. Not financial advice. All stocks can go to zero.
NASDAQ:ONLong
by Firewalker_Charts
🚀 Unlocking Investment Opportunities: RSI Bullish Divergence📈On Bitcoin's daily chart, a promising signal has emerged – the RSI (Relative Strength Index) bullish divergence. This pattern suggests potential upward momentum. 🔍 Understanding RSI Divergence: RSI measures the strength of price movements. A bullish divergence occurs when RSI forms higher lows while the price forms lower lows. This implies weakening bearish momentum and hints at a possible trend reversal. 💡 How to Utilize It: Traders and investors often use RSI divergence as a buy signal. It suggests that despite a downtrend in prices, the underlying strength is growing. Consider this signal alongside other indicators and research before making investment decisions. 🔮 The Future of Bitcoin: While RSI divergence is an exciting development, remember that no signal guarantees success. Risk management and comprehensive analysis are crucial in navigating the dynamic crypto market. Keep an eye on Bitcoin's RSI divergence; it could be a key to unlocking new investment opportunities. 🌐💰 #CryptoInvesting
by AlexWhale
3
Bitcoin's Oversold - RSI for Trading Success 📊📉🔍 Understanding Oversold: Imagine a market where fear has taken over, prices are plummeting, and panic seems to be the driving force. This is the realm of oversold conditions – a state where selling pressure has pushed prices to levels that might be considered undervalued. 📊 The RSI Signal: Enter the RSI, a tool that can help you identify whether an asset, like Bitcoin, is in oversold territory. The RSI measures the speed and change of price movements, indicating potential overbought or oversold conditions. 📉 Interpreting RSI: When the RSI value drops to 30 or below, it's a sign that the asset might be oversold. This means the selling pressure has potentially pushed the price too low, creating an opportunity for a potential rebound. 💡 Tactical Insight: Recognizing oversold conditions using RSI is like spotting a light at the end of a tunnel. It doesn't guarantee an immediate reversal, but it suggests that a potential turning point could be on the horizon. 🚀 Trading Strategy: So, how can you utilize this RSI insight? When Bitcoin's RSI drops below 30, it might be an opportunity to consider buying. Remember, timing is crucial – combining RSI with other indicators and trend analysis can refine your strategy. So, what's the bottom line when it comes to RSI and identifying oversold conditions? 📊 It's about using tools like RSI to gauge market sentiment and recognize potential opportunities. Remember that trading is a blend of art and science, and RSI is just one tool in your toolkit. Stay curious, keep honing your skills, and remember – while oversold conditions might signal potential reversals, they're just one piece of the crypto puzzle. 🚀🧩 ❗See related ideas below❗ Follow + Like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
Long
by Yaroslav_Krasko
8
BTC strength?? 💪Hello guys hope you all are doing well 🙏 Yesterday we saw a sudden drop in btc price & ALT price altcoin bleed more than btc even some of altcoin drop to 10-15% . Now, in the current situation we can expect a little bit rise in price according to 4hr price level and RSI level . RSI is also showing oversold and it's sitting around 18%rsi level . Important level to observe:- Btc should break the resistance of 28850$ then we can expect a price of btc to 29k$+ And Btc should hold the support of 28350$ if the price breaks the support level we may see more drop in btc price. . .. .DYOR !!!!
by vishalsapkall
4
TSLA fifth wave and bullish FVG 4h timeframeI've been keeping a close watch on TSLA's recent movements, and there's something worth sharing. It seems we're in the midst of the fifth wave, if we follow Elliott Wave Theory. What's even more intriguing is that on the 4-hour chart, a bullish FVG (Fair Value Gap) could be in the works, indicationing the end of the bearish (fourth) wave. Adding to the excitement, the Relative Strength Index (RSI) is giving us some interesting signals. It's right on the edge of slipping into oversold territory, a potential sign of a turnaround. Plus, keep an eye out for the impending cross between the RSI and its RSI-based Moving Average (MA), as that could indicate a significant move coming up. This setup has definitely caught my attention, and I'm thinking there's a trading opportunity brewing. If taking the trade I would suggest a safe stoploss below the fourth wave or a more risky one below the next bullish liquidity void on the chart. I would target the end of the fifth wave as a TP area because after that I believe we will see the first correction wave of the ABC pattern. Of course, as traders, we know the drill – careful analysis and risk management are key before making any moves.
NASDAQ:TSLALong
by RuneDD