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ADAUSD Price Movements with RSIThis is going to be a short post where I explain the easiest way to know when to enter or exit at anytime. Everyone knows support and resistance levels are a great way to enter and exit, but what about smaller timeframes or ATHs? In general this will help you understand how to trade. Take a look at the RSI. You can easily trade on divergence. I like to enter on bullish hidden divergence and exit on bearish hidden divergence. Mostly because with hidden divergence the change in direction is very quick. If you take a look at the chart 30min timeframe, once you have an established bottom on RSI, the price during consolidation will be headed lower, so you know it will create another bottom on the RSI indicator. Once the RSI crosses the previous bottom, you can enter, and soon after, the price will move upwards. This can help you especially when entering and exiting during a continuation pattern like a flag. You can always do the opposite. I will take a look at the RSI at its previous peak, once the RSI crosses its last peak, I will exit. You will have to take a look a the timeframes and line up the RSI pattern and the consolidation price action to do this correctly. This is especially helpful when the price is reaching highs never before seen. For instance, I did this with KDA, I knew the price was likely not done moving because it had not crossed the previous peak on RSI. Once it crossed, I take profit and use the RSI to re-enter. I hope this helps. Once you understand this, you will know exactly where the price is going. When I make a discord and make the videos, I will show you how to do this. I hope you understand how to do this at least a little. Thanks again. By the way. ADA is still consolidating in the pattern. If you want the next target, measure the flagpole and add it to the top of the pole. It's that easy my friends! Thanks again! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
COINBASE:ADAUSDLong
by mysticalwalrus
18
XpresSpa (XSPA) Ascending ChannelXSPA has been operating in an ascending channel. There have been two breaks but both times that stock has returned back into the ascending channel. One break would be enough to scare away investors, but two breaks seems rather odd. What caused these breaks? From what I can tell, the stock seems to be doing well with COVID-19. XSPA offers onsite testing for COVID-19 in multiple airports. A lot of people travel during the summer which could be affecting the XSPA stock price. The more people that travel, the more people they test. Although this summer hasn't been particularly exciting for travelers, there are still those who have been vaccinated who feel safe.
X
by InvestorCowboy
Alteryx (AYX) Descending ChannelsAYX has formed two descending channels. The first channel had a short breakout followed by the second channel. The second channel is interesting because it breaks but re-enters the channel shortly. AYX is still operating in the descending channel, but I'm not sure whether to be excited or concerned. The break and re-enter on the second channel will worry most investors. What could have caused this anomaly? AYX posted their earnings which is noted by tradingview as a "surprise". AYX beat their expectations which spurred investors to re-enter. With the stock still operating in the descending channel, it's unclear how long investors will hold.
A
by InvestorCowboy
entry points on the journey downSupport around 8250 may provide a small bounce (grey boxes) Main movement is probably back down to bottom and a little further. Previous bounce came at €uro support line (~6000), and there will be another small bounce here. However, the main bounce will come from the $ dollar support line at 5400. Providing an opportunity for re-entry. Other Markers The daily RSI should hit oversold just before 5400, and help the leg back up again. Central line of the Pitchfork may coincide with 5400 support, adding further support. Long Term Often the third breakout attempt is successful. If my theory about €uro and $dollar bottoms is correct, there may be enough bull power to push through the resistance, but its a month away, and a lot can happen in a crypto month. Conclusion I made my last trade for a while today. Let my emotions get the better of me and pulled out too late. Reduced a 4% gain to 1%. Still its a better rate than any bank will give me. I'm in fiat now. I'll keep an eye on things and continue to post, but my money is going safe for a while. Happy Hunting. Caveat : I am not a professional trader or adviser. Do your own research before making any trade. Never trade more than you can afford to loose.
BITFINEX:BTCUSDShort
by reppac
2