On the BTC-USD chart (1h timeframe), the price is currently overbought. In this analysis, all three indicators are suggesting an overbought condition. The indicators used are the Bollinger Bands, RSI and Stochastics. This could mean that the price will drop when there is a confirmation of the price going down. When this happens a short position can be taken and...
On the chart, we can see TRXUSD is currently oversold. This oversold condition is suggesting that the price will bounce up. This is a short-term setup and the profits could be taken at the target. The three indicators used are Bollinger Bands , RSI and Stochastic . See all further details on the chart. Goodluck!
Hello my Fellow TraderZ, In my previous analysis about $FTM on Daily, I made a cautious statement regarding its PULLBACK to test the EMA55 on Daily at the least. If you see here on lower TF, price has broken the support TL. So, I am expecting a slight above move to retest the broken TL(looking at S.RSI) and continue the down path. BUT If the price...
Hello my Fellow TraderZ, #FANTOM $FTM - consolidating near the TL. Well I wish this one to break upward for some handsome profit. But if you see on DTF, S.RSI is on overbought territory, which could bring price further down towards $0.2050-.2175. Well I am just sitting and waiting for either the pullback or break the TL. CHEERS!!!
The trade idea I presented in my previous Tesla post (linked) did not work because price went lower on Thursday and pulled RSI down below 35 (orange rectangle). My initial idea on 16 Nov. was for RSI to move higher from 35 as price rose. Instead RSI fell and stayed below 40 for two days (remember this is a 30m frame), until the green candle in the final Friday...
🪙 Gold under pressure from strong doalar. In today's analysis we will look at the chart of gold, which in the current week has shown that there is no strength for any increases. 🪙 After the rebound that took place 2 weeks ago, we could have hoped for an enlargement and extension of the upward correction. 🪙 But decisions to raise US interest rates again by...
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!
💸 In today's analysis we look at an interesting opportunity on the aud/cad pair. 💸 Since the beginning of today's session, we can see the strength of the Austarlisian dollar against the Canadian dollar. 💸 Most of the technical analysis indicators signal the possibility of a breakout and divergence from the previous moment when we were at the same price level....
$GDX broke a descending bear channel downtrend. Overhead objective 29.00.
Evening Traders, Today’s analysis – AUDUSD – trading at a key support region where a bounce is possible, Points to consider, - Price Action Corrective - Weekly S/R Support - .618 Fibonacci - RSI Oversold AUDUSD’s immediate price action is corrective and is approaching a key resistance zone that has the .618 Fibonacci and the Weekly S/R in confluence,...
There is a rumor that the British government will need a lot of silver to mint its new coins, and that the high cost of energy can make this manufacturing cost soar. News aside, just looking at the chart we have this bullish wedge.
On the monthly chart it is above the exponential average of 55 and the retracement of 0.893. On the weekly chart it is testing the 200 exponential average: The moment of truth has arrived.
Evening Traders, Today’s analysis – GBPJPY – trading towards key swing high area where a rejection is possible, Points to consider, - .618 Fibonacci Resistance - Key Swing High Liquidity - POC Objective - Price Action Rotation GBPJPY’s immediate price action is trading towards liquidity pool with the .618 Fibonacci in confluence, allowing for a bearish...
Evening Traders, Today's analysis - AVAXUSDT- trading above its range high support, consolidating here is a bullish sign Points to consider, - Price action corrective - Range High Support - Declining Volume - .618 Fibonacci Confluence AVAXUSDT's immediate price action is resting on a support zone that is in technical confluence with the range high and...
The gap must fill. Short not until it does imo. Measured Move projected with price bands, +302 pips for a 1:1 move. Gap may fill Friday. Expect weakness before FOMC, then a stupid bullup as follows: 7/27 1400 rate decision; initial ludicrous pop followed within minutes by a selloff. Price declines until ~1425 in falling wedge. At ~1428 EST J Powell will step up...
The index is at the 21.4% Fibo retracement (March 23, 2020 retracement to the last top). In the inverse retracement from January 3, 2022 to June 13, 2022, the price seems to have corrected in the region of 38.2%. And it is in a bullish channel which in this context can be called a bearish flag. The Stochastic RSI is retesting a resistance for the third time. ...
hello friends. hope u are good. you can see in my chart that maybe we are in 4th wave and we can grow till 50% retracement level (or maybe 38.2 or 61.8) and after that we can fall. also we can see the RSI trendline breaked up and it can be the buy signal. we see a divergence between RSI and price that i show it in my chart with orange circles. we see the stoch...
FX:EURJPY Timeframe: H1 Direction: Short Technical Confluences for Trade: - Price action at Resistance of Ascending Channel - Stochastic Overbought momentum - Widening of the EMAs Fundamental Confluences for Trade: - There is some risk with EUR spiking higher due to the rising inflation situation in Europe but at the same time, global inflation pressure...