Selling PUTs on Natural Gas ETFs seems a decent income prospect at the moment. Not only are there auspices of a falling wedge breakout, but an increase in momentum may be acting as support at the lower end of a months long trading range. These formations are already seventy five days in the making, providing some confidence in the likelihood of our bullish...
Sometimes, its a good idea to look away from the PA and to take a look at the other info presented to us as people Buy and Sell #Bitcoin Two Major indicators for me are the MACD and the RSI. The image here is the DAILY #BTC chart for those, since December 2022 At a quick glance you can see that Both MACD and RSI have reset a long way. This gives PA room to...
RSI in BTC 4H time frame is showing Bullish Divergences and if it works, price can go up to 66k. Keep in mind that there are significant caveats when entering long trades! BINANCE:BTCUSDT.P
Preferably Buy Below = 3.38 Target 1 = 3.62 Target 2 = 3.86 with trailing stop loss Stop Loss = 3.14 Just paper trade bitches. GG.
A potential bull trap scenario with one more wave downtrend. 1. First correction - Extended flat ABC Wave B retraced 78.6% / w.a and w.C: extended 161.8% of w.A 2. Complex triangle ABCDE pattern 3. The current downtrend wave doubled zigzag ABC pattern with wave 4 in c leg targeting 38.2-50 % retracement at ma50w, creating a false breakout signal before final wave...
Strategy: Short Entry: 6,74600 TP: 6,29000 (6,76%) SL: 6,97500 (3,39%) Decision Making process: Subtle RSI bearish divergence EMA crossover Double Top bouncing off resistance and failing support Support retested General (BTC) bearish market
After going on a nice rally QQQ is starting to show signs weakness in its price action and RSI. QQQ price action for the first time in a while breaks below its upward trend and holds below for two straight trading days RSI 20 has also been forming a bearish divergance pattern with it trending down while price has been climbing over the past month. Key...
Comparing the price action to the RSI 20 indicator we can see a bearish divergence forming. RSI is trending downward Price action is continues to trend upward during same time Gives indication that a reversal is becoming likely RSI still remains above 50 which is bullish indicator overall While NVDA has gone on tremendous tear lately we start to see...
NASDAQ:TLRY is approaching a resistance range and is at the top of a W pattern. It's rsi is also overbought above the 70 level. Volume is also trending upwards and has reached the level where the previous volume high (and price trend reversal) was. The trading opportunity is around the 3 scenarios shown in the chart, with, due to the technical indicators...
NYSE:SMR is approaching a potential entry point for the start of a DCA strategy for a long term hold. SUMMARY Wait to see where the price moves. Using a combination of RSI reaching 30 and the price falling to (with a 3 day filter) around $4 or if the price continues to fall then around $2 (another 3 day filter at this level too), begin entry with a DCA...
TSLA has been a solid short but I have a hard time believing that this stock is down for the count. Apparently I am not the only person who is thinking this way because in spite of the downside price action, the RSI (Relative Strength Index) is indicating that sentiment is overall bullish still and price should reflect it in the short term. I don’t know if I feel...
MINAUSDT is encountering a critical resistance level of $1.5484 on the weekly chart. This is the third attempt to break through this level in the daily timeframe. Technical Analysis: Resistance: $1.5484 (Weekly) Support: $1.0113 (Weekly) Relative Strength Index (RSI): Supported at 50, Bearish Divergence Key Observations: MINAUSDT is facing a...
After reaching a supply zone for the GBP may be it is time for correction. There is bearish divergence on the RSI 1H timeframe which I am thinking is going to happen. The TP zone could be the eclipse which is on the resistance zone. The other important thing is that the 200MA could be support zone which is not sure that the price will break. Do your own reasearch...
The month of February saw an incredible bull run up to 5110. The high was created on the 29th of February and as of March 1st, the high has not been broken. There is bearish divergence on D1 and H4. The upward channel is at the risk of being broken after 2 months. We have taken a short position at 5104 with a stop loss at 5150 and a reward of 4750. Good luck!
After a good bullish rally for AUDNZD, the pair reached the horizontal resistance zone combined there with a supply zone. From the perspective of RSI there is bear divergence on 1H time frame. It is a bit risky to enter in a sell position right now, but if we have a good candlestick confirmation it would be great. However, the stoploss could be outside the supply...
Market ain't stable. So keep a SL tight. My analysis says we might see a good uptrend here. Buy senco at 875-877 sl at 838 target 918,940,970+ RSI breakout done All time high.
The price has successfully completed a three-drive pattern, and concurrently, there is a noticeable formation of a rising wedge pattern and I shouldn't forget to mention that the strength of each new upward wave has weakened compared to its previous wave. Additionally, the confirmation of a bearish movement is evident through the observed RSI divergence. please...