this trendline on the weekly stochrsi has been a valid line of both strong resistance and strong support since September 2016... .can it once again hold support and provide a momentum bounce for btc one more leg up? It's plausible but at this point more probable support will break and price action will fall back for a correction...this is one trendline to be...
Short @ 655 overbought rsi on 1h, rsi bearish cross on 1h double top rejection expecting a potential wick up towards mid 660's, with a huge red candle coming down -not financial advice- the other scenario which is likely: green candle up to 700, touch resistance and go down. My liquidation is at 704, so I won't set a stoploss which will stop me out from...
Here on the XRPUSD 1day chart we have a pattern of a massive head and shoulders on xrp formed conveniently during a downward trend with a breakdown target of negative 20 cents. The Stoch RSI also bottomed out and is ready to travel upward again so there's not enough bearish momentum available to warrant such a breakdown. The downtrend makes it very unlikely a ...
I have not tried this for many other pairs but this is working for me with ETHUSD on the 15 min chart. After looking at several indicators, entering in at the wrong times, being in long when I should be in a short or out, the frustration led me to really try to find where the best low to buy into would be, I discovered that if I set the Stoch RSI indicator with...
Target 1: 2035 target 2: 1950 bearish crossover on daily stoch RSI, MACD about to turn bearish aswell on the daily. I think we will see even lower prices than 1950. *not financial advice*
Dash is experience a nice big green daily candle today which has allowed price action to climb back above the 1 day 50ma(in orange) We can see we also seem to be completing the right shoulder of an inverted head and shoulder pattern. I'm looking for a minor retrace here that retests the 1 day 50ma multiple times and keeps finding support there... if this occurs I...
Breakout target show in black box. 1 day stochrsi indicates a move up is overdue.
Bitcion Daily chart shows Bullish Divergences on RSI, Stoch RSI and Momentum. Same Story for Ethereum too.
This inverted head and shoulder has a disproportionately long left shoulder but it is still valid we are currently testing the neckline. Judging by how overextended the stochrsi is on the buy side on the 4hr chart there are decent odds that this could be rejected here at the neckline but I'm pretty certain on the 1 day stochrsi we are in the oversold territory...
An ascending triangle is formed in the 1 hour chart. However, MACD shows that a possible bearish divergence could happen. Still waiting for confirmation Disclaimer: this is not a financial/trading advice. Good luck to you all!
Take a look at this picture perfect inverted head and shoulder setup on xrpusd's 1 day chart. Also take a look at how close the 50ma(in orange) is to rising above the 200ma(in blue) for a 1 day golden cross. Now factor in how the stoch rsi indicator has plenty of room to head upwards and is already suggesting its ready to do so. Lastly, factor in that we have...
Currently sitting in the 50 EMA. Daily stoch RSI looking oversold, possibly a reversal on the short term By the way, Ripple has taken the 2nd position in the market cap! This is not a trading/financial advice! Good luck to you all!
These days have been a bloodbath in the cryptocurrency markets. These are the key support levels you could use to predict when it will reverse. RSI and Stochastic RSI for 1 Day and 4 Hours time frame have reached oversold. Should we fall bellow these keys supports, expect it to free fall to the 4000 dollars range, however it probably would not last long as...
Upwards breakout rejected. Short down at least to lower support line, in the $2.75 region depending on its rate of decline. Bearish cross on the daily Stoch, RSI very over sold. PPO moving down with some bearish divergence. Also remember that a rising wedge, particularly after some strong downward movement (as has just happened with PONY) is a bearish trend, and...
Shorting gold for a little, just messing around with indicators to see if they are accurate enough to base my shortterm trades on them. Stoch RSI heading down :)
Could be an impending breakout...could also be a fakeout...watch for bullish volume to confirm. Probability favors a breakout with btc being so bullish lately, however there's not much room to climb up on the 4hr stochrsi...so it could still go either way.
Looking at the 1day chart you can see that if we were to break upward here we would be forming a higher low on the 1 day chart and that also the inverted head and shoulder pattern is still in play. However the stochrsi on the 1 day chart has plenty of room to dip still. I think we could still be forming a 1 day inverted head and shoulder pattern however if we were...
If this continues to play out this way there is a good probability this wedge could drop the price back down to the support zone of the 4hr 50ma(in orange). Whether or not the 50ma will maintain support if it breaks own tot hat level is the question. Of course we could always break upward too but I won't be confident of that until the 4hr rsi and stochrsi are low...