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Technicalindicators

Bitcoin is trading in a relatively neutral rangeCurrently, Bitcoin's price is trading at $23,700 range, which is below the daily timeframe 0 Fibonacci level at $25,250 and above the daily timeframe 1 Fibonacci level at $21,351. The RSI indicator is at 54.65, which is slightly above the midpoint level of 50. This indicates that there is some bullish momentum in the market. The upper Bollinger band for the daily timeframe is at $25,467, and the lower Bollinger band is at $21,356. The middle Bollinger band is at $23,411, which is the current trading price of Bitcoin. These bands help traders to identify the potential entry and exit points for the asset based on the volatility levels. Currently, the price is trading close to the middle Bollinger band, which suggests that there is neither a strong bullish nor a strong bearish sentiment in the market. The volume oscillator is at -13.29, which is below the zero line, indicating that the volume is decreasing in the market. A decrease in volume can lead to a lack of liquidity in the market, resulting in higher volatility levels. Therefore, traders should be cautious and wait for more clarity before taking any significant positions in the market. The MACD indicator is currently at 315, which is above the signal line, indicating that there is some bullish momentum in the market. However, the distance between the MACD line and the signal line is relatively small, indicating that the momentum may not be very strong. The stochastic oscillators indicate that the %D line is at 42.20, while the %K line is at 39.69. This indicates that the price is not yet overbought or oversold, and there is some room for the price to move in either direction. In summary, Bitcoin is trading in a relatively neutral range, with some bullish momentum in the market. Traders should wait for more clarity before taking any significant positions in the market, as the volume is decreasing, and the price is currently trading close to the middle Bollinger band.
by MonoCoinSignal
22
Ethereum's price is in a neutral zoneEthereum's current price is 1652, and the timeframe is daily. The Relative Strength Index (RSI) is at 53.84, which indicates that Ethereum's price is in a neutral zone. The Daily timeframe 0 Fibonacci level is at 1743, while the Daily timeframe 1 Fibonacci level is at 1462. These levels suggest that Ethereum's price may experience some resistance and support at these levels. The upper Bollinger band for the Daily timeframe is at 1743, while the lower Bollinger band is at 1496. The middle Bollinger band is at 1619. These bands suggest that Ethereum's price may experience some volatility in the near future. The volume oscillator is -10.66, which indicates that there is a lack of strong buying or selling pressure in the market. The MACD is 14.85, which suggests that the price of Ethereum may continue to rise in the short term. The Stochastic oscillators indicate that the %D is 46.37, and the %K is 49.91. These levels suggest that Ethereum's price is in a neutral state, and there is a possibility of the price moving either up or down. Overall, Ethereum's price is in a neutral zone, and there may be some volatility in the near future. The Fibonacci levels suggest that there may be some resistance and support at 1743.00 and 1462.00, respectively. The MACD suggests that the price may continue to rise in the short term. Traders and investors should carefully monitor the price levels and indicators to make informed decisions.
by MonoCoinSignal
10
Republic Protocol (REN), gained massivelyOn a daily TF, the Relative Strength Index (RSI) is 53.84, indicating that the asset is in a neutral zone. The Daily timeframe 0 Fibonacci level is at 0.147883, while the Daily timeframe 1 Fibonacci level is at 0.078855. These levels suggest that REN's price may experience some resistance and support at these levels. The upper Bollinger band for the Daily timeframe is at 0.117676, while the lower Bollinger band is at 0.74148. The middle Bollinger band is at 0.95944. These bands suggest that REN's price may experience some volatility in the near future. The volume oscillator is 21.94, which indicates that there is a strong buying pressure in the market. The MACD is 0.005669, which suggests that REN's price may continue to rise in the short term. REN's price has increased by 25.93% in the last 24 hours. The rise in its price may be due to the instrumental role played by investors holding thousands to millions of REN in driving up the token price. Despite the fall in network growth, investor sentiment remained high, contributing to REN's massive gains. Overall, based on the given information, REN's price is in a neutral zone, and there may be some volatility in the near future. The Fibonacci levels suggest that there may be some resistance and support at 0.147883 and 0.078855, respectively. The volume oscillator indicates that there is a strong buying pressure in the market, and the MACD suggests that the price may continue to rise in the short term. The recent rise in REN's price may be due to investor sentiment and the role of large investors holding significant amounts of REN. Traders and investors should carefully monitor the price levels and indicators to make informed decisions.
R
by MonoCoinSignal
2
How to Trade With Relative Strength Index (RSI) Indicator Hey traders, Relative strength index is a classic technical indicator. It is frequently applied to spot a market reversal. RSI divergence is considered to be a quite reliable signal of a coming trend violation and change. Though newbie traders think that the application of the divergence is quite complicated, in practice, you can easily identify it with the following tips: 💠First of all, let's start with the settings. For the input, we will take 7/close. For the levels, we will take 80/20. Then about the preconditions: 1️⃣ Firstly, the market must trade in a trend ( bullish or bearish ) with a sequence of lower lows / lower highs ( bearish trend ) or higher highs / higher lows ( bullish trend ). 2️⃣ Secondly, RSI must reach the overbought/oversold condition (80/20 levels) with one of the higher highs/higher lows. 3️⃣ Thirdly, with a consequent market higher high / lower low, RSI must show the lower high / higher low instead. ➡️ Once all these conditions are met, you spotted RSI Divergence. A strong counter-trend movement will be expected. Also, I should say something about a time frame selection. Personally, I prefer to apply it on a daily time frame, however, I know that scalpers apply divergence on intraday time frames as well. ❗️Remember, that it is preferable to trade the divergence in a combination with some price action pattern or some other reversal signal. Let me know, traders, what do you want to learn in the next educational post?
Education
by VasilyTrader
10
RSI BEARISH DIVERGENCE ON WEEKLY & DAILY CHART. Hello to everyone, As we can see there is a bearish divergence in RSI & PRICE on weekly & daily timeframe. This is indicating that price has not much momentum to go upside. We can expect a trend reversal in stock price but only RSI divergence does not confirms the trend reversal. If any bearish candle or bearish pattern forms than only we can go for the short position. Traders, if you liked this thread , write in the comments. I will be glad. Attaching previous idea of ITC
NSE:ITCShort
by Jha_Nidhi
GODREJPROP SUPPORT BREAKDOWN!!!Hello to everyone, 👉👉Keep Eyes on #GODREJPROP ✅🎯 👉Strong Support Zone broken Today. If Price closes below the Support Zone on #Weekly Chart and price sustain itself below the Support level than we can see good fall in price in coming days. 👉 After Breakdown of support zone wait for the closing and let sustain the price below it than only enter in the position. ✅✅👍 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
NSE:GODREJPROPShort
by Jha_Nidhi
Nasdaq Bullish Entry - S&P500 has broken higher, which is great for the broader markets - DJIA is up 2.57% already in 2023, if January closes higher, that bodes well for the rest of the year - FTSE100 is racing ahead of everyone and everything that I follow, apart from the DAX(Ger40), mostly due to the weighting of the index towards Oil majors - DAX is up >7% - VIX is trading near April 2022 lows, now volatility or fear in the markets according to this asset - US dollar is getting crushed - Bitcoin is pushing back towards 20k All risk indicators are pointing to a push higher in equities as the headline US CPI print today came in as expected and lower than the previous month. Core CPI notched up 0.1% so it isn't crystal clear that inflation is coming down due to the Fed's monetary policy. We also have a weakening US dollar as traders move into the safety of the US Treasuries, which in turn drops the yield of the 10-year note. US10Y is about to test the December 2022 low, and a close below would signal further downside potential. The eurodollar curve is massively inverted as are the US yield curves, signaling that the larger money markets are expecting something is up and that the Fed will have to change policy sooner rather than later. The US has a new speaker and part of the concessions made was along the lines of not lifting the debt ceiling. This could have negative consequences before the new fiscal year starts in October, but is more likely to be a problem in Biden's final year, should we not get a bigger Federal Budget spending program. For now, inflation is waning, which is obviously good news for any asset that was suffering under the rate hike cycle. eg. risk assets like Bitcoin and Nasdaq. Levels on the Nasdaq I am watching include: TP2 = 12570 TP1 = 12221 Resistance at 11605
 With a hard stop at 11080
ULong
by Macrobriefing
NVDA Daily Price Predictions 2/9/23Following yesterday's yearly resistance, and pivots, we are looking to start taking a weaker bullish continuation. We opened above yearly res and continue to move forward with strong momentum. No Divergence to be seen either. I would not count on this bullish continuation 100% as we have had some pretty minor pullbacks following the recent head and shoulders and could still potentially retest the neckline. May be an optimal long position for macro/day traders.
NASDAQ:NVDA
by creksar_stock
BITCOIN: Did it can fly to 48 000$#BTCUSDT as you can see at the chart in daily chart time-frame we have very important and strong support zone in 12/2020 price flew from this powerful support zone to 65000$ i think the scenario will be repeated dont's miss up this opportunity buy and hold it to the next targets at the chart First target: 32000$ Second target: 40000$ Third target: 48000$ i expect there will be a correction move and i expect the price will fly to the target at the chart About technical indicators overview show a bullish move MACD is showing bullish RSI showing bullish EMAs showing a bullish move Ichimoku cloud is neutral Fib retracement is showing bullish ZELMA is showing uptrend-move Parabolic SAR is bullish Accumulation distribution is neutral Awesome oscillator is showing bullish Thank you, and for more ideas, hit "Like" and "Follow"! You may also TELL ME in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
Long
by SafeCryptoSignals
EUR/USD: Markets Under Pressure After Strong U.S. Labor An earthquake in Turkey and rising U.S.-China tensions contributed to the unfavorable mood in the world markets on Monday morning. The top platforms in Asia are dropping by 1.4%. The Japanese market stands out as an exception, rising 0.6%. Major U.S. index futures are continuing their downward trend from Friday, shedding as much as 0.4%. This morning, the nearest Brent crude oil futures are rising 0.2% and are currently trading slightly around $80 per barrel. The non-farm payrolls from last Friday are the key point. In the first month of 2023, the U.S. economy added 517,000 new jobs, according to figures made public by the Labor Department. This is almost three times greater than the consensus prediction of analysts surveyed by Bloomberg and double the amount from December (260 thousand). Unexpectedly, the jobless rate dropped from 3.5 percent in December to 3.4 percent in January. 3.6% growth was expected, according to economists. In accordance with forecasts, the average hourly salary increased 0.3% in January over December. The annual growth rate of hourly wages was 4.4%. (+4.3% y/y) The data were better than expected. It is important to note that the December estimate was increased; salaries increased at a rate of 4.8% y/y in December 2022 rather than the previously reported 4.6% y/y. The report was undoubtedly credible. But given that January's results were biased by methodology, it seems we shouldn't pay too much heed to the exceptionally high employment growth numbers. This month, the statistical office is changing a lot of things. However, the truth remains that following this jobs data, whatever concerns that some Fed policymakers may have had about the possibility of excessive monetary policy tightening should be significantly diminished. The data from the report would have appeared considerably more persuasive if they had been available an hour before Jerome Powell's press conference on February 1 (the Fed increased the rate by 25 basis points to 4,5-4,75%). Powell expressed his opinion that the job market was still hot and imbalanced during the news conference on Wednesday. And so we see: rather than the Fed attempting to calm pricing pressures by hiking rates, the larger picture suggests that the current situation of the labor market is in fact accelerating inflation rather than calming it down. Regarding estimates from the money market, a 25bp rate increase in March is currently implied by the federal funds rate futures market 93% of the time (82% a day ago). A rate increase in the same range in May is 60% more likely than it was yesterday (22%). The likelihood of a 25 basis point rate drop by year's end is still being calculated by the swap market. According to the current set of macrodata, the Fed has good justification for raising the rate in March by 0.25 percent to 5%. Let's just say that the market's steadfast denial of the Fed's warning that the rate could increase above 5% this year no longer appears to be a bluff on the regulator's side. The dollar is oversold, as indicated by the existence of strong technical signs earlier. Fundamental elements have now been added to them. Given the just released jobs statistics, the market's attitude toward hazardous assets appears to be excessively upbea Technical Analysis: Today it's presented a divergence on the H6 timeframe and the price seems to start a reversal. Our indicator shows a Sell position in this lower timeframe.
Short
by FOREXN1
9
🛠️ Trading Tools Cheat SheetFibonacci Levels, Pitchfork, Fibonacci Arcs, Gann Square, Gann Fan, and Elliot Wave are technical analysis tools used in trading to identify potential levels of support and resistance, anticipate future price movements, and make informed investment decisions. These tools are based on mathematical calculations and relationships between price, volume, and time. They are widely used by traders to gain insights into market trends and make investment decisions based on past market data. However, it's important to note that these tools are not a guarantee of future performance and can produce false signals, so they should be used in conjunction with other forms of analysis and with a solid understanding of market dynamics. 🔹 Fibonacci Levels A technical analysis tool that uses horizontal lines to indicate areas of potential support or resistance based on the Fibonacci sequence. 🔹 Pitchfork A technical analysis tool that uses three parallel lines to identify potential levels of support and resistance and to anticipate future price movements. 🔹 Fibonacci Arcs A technical analysis tool that consists of several curved lines that originate from two extreme points (high and low) and converge at the fibonacci levels. 🔹 Gann Square A technical analysis tool that uses a grid to identify potential support and resistance levels and to predict future price movements based on the relationship between time and price. 🔹 Gann Fan A technical analysis tool that uses diagonal lines to identify potential levels of support and resistance and to anticipate future price movements. 🔹 Elliot Wave A technical analysis tool that tries to identify patterns in financial market data, particularly in stock market prices, which in turn can be used to make investment decisions. It's based on the idea that market prices move in predictable waves. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
9
GJ - WEEKLY PROJECTIONSimilar to my previous post on the Monthly. These are my HTF projections So obviously, there's not much detail on them but I am a swing trader and I like to project from the monthly downwards as there is a lot that is missed if you don't analyze from the monthly down in my opinion. I have deleted the monthly fib because it clutters my chart but keeping this in mind you can see its reacted at the monthly fib and now, we are currently sitting at the weekly/daily fib to go bullish. Also - If anyone has ever told you that a 'head and shoulders pattern' is great for determining reversals, make sure you go get a lobotomy and forget it ASAP because they are one of the biggest Liquidity Raids/Price Manipulation setups you will ever find and rarely ever play out like your courses tell you. Just like AJ - It looks too pretty and too perfect to continue as a 'Head and shoulders' into a downtrend. I would be very surprised if it did, and the only way I could ever see it doing that is if it has a massive liquidity raid and manipulates everyone out of the market before reversing and becoming bearish. But - I never say never because anything is possible, and you have to always keep an open mind otherwise you will never make money in these markets. At the moment - its looking like GJ is accumulating sellers because most sellers are taught to sell when they see a 'Head and shoulders'. I'm thinking it will temporarily trend bearish into the lower fib to remove liquidity first before it reverses to continue bullish after removing all buyers. Don't forget that the weekly/monthly Fib has not been touched yet so I'm waiting for price to trend bullish to fulfill it. From there we have a few options but i will assess and adjust as the week goes on. It may trend bullish, hit the Fib and retrace to remove more liquidity and then either tank or continue bullish removing all sellers and also fill that imbalance to the left. Thats what i would like to see but it's way too early to tell. :)
Long
by Pmilanoxx_