M-oscillator
Long Term Analysis of Nifty my observations and a conclusion.The chart above is the chart of Nifty 50 since 1991. This chart here tells a few stories. I will tell you my version of these stories or observations you can derive your own conclusions from them:
1) India is a continuous bull market. There are blips due to Micro and Macro reasons but the chart keeps moving forward in the parallel channel. We are in the upper half of the channel since 2005 indicative of an economy that is moving forward and GDP that is continuously growing. There are couple of times when the market went into the lower half of the channel once was during the 2008 Sub-prime crisis and once during the COVID19 global crisis. Lot of countries of the world have still not come out of the trauma but we bounce back each time. This tells us about strength of our nation and our economy.
2) There is lot more room to grow before we hit the channel top resistance. Even in case of some major political event or market correction. We can get the mid channel support and the support of Mother line 50 Months EMA.
3) Relative Strength index is a lagging indicator used by a lot of analyst to check if the market is overbought or oversold. As per my observation over the years. We start to enter the overbought territory once the index is above 70. RSI above 80 is indicative of a market that is overbought. Similarly when the RSI levels are below 30 we enter the oversold territory and When RSI is below 20 we are in the highly oversold territory. Now if you look at the chart carefully each time monthly RSI of Nifty has gone near / above / substantially above 80 levels there has been a correction in the market. Some corrections have been large some not so substantial but inevitably market has corrected. Right now RSI of Nifty is 78.94. The levels to watch out for reversal / Consolidation / correction in my opinion can be anywhere between 79.88 and 91.35. I am not trying to scare you or predict a doomsday scenario, I am just presenting historic data in front of you.
4) Market can remain irrational for period of time beyond human comprehension. Market can remain irrational more than an investor can remain rational. So while we ride the upwave changing sectors and changing our stories and choices shuffling between small and mid and large caps do not forget to put in your stop losses and trailing stop losses. Stop losses are our friends that protect our capital and trailing stop losses are our friends that protect our profits. While we use them it can happen that a stock takes your trailing stop loss and again bounces back to huge upside but it is fine, either we learn or we win. If you have the capital you can invest again. If you will not have the capital it is an irreversible loss.
Conclusion: Stay Positive but be cautious. Use stop losses with discipline and trailing stop losses generously. The chart shows that history repeats. The chart shows that India is a continuous bull market. The chart shows that long term investor will always win if he has discipline and follows a process in stock selection, profit booking and staying vigilant.
Bitcoin's price movement after breaking below the Daily RSI 30Since January 2018 BTC has went up significantly after breaking under the Daily 30 RSI
On average of these 11 occurrences BTC goes up 245%
If we take just 1/4 of this and apply it to the current break of the RSI 30, then BTC has a chance to go up 60%, which would take it to 93k
Average time it takes to achieve this is 137 days
XRPUSDT Quick Long Setup / Check out the details!BINANCE:XRPUSDT
COINBASE:XRPUSD
Long position on XRPUSDT 2H
Mid-risk status: 2x-5x Leverage
TP:
Follow the patterns & Bollinger midline:
0.4915
0.4965
0.5015
0.5052
0.5103
0.5155
➡️ SL:
0.462
The Alternate scenario:
If the price stabilize below the trigger zone, the setup will be cancelled.
SPX500 is oversold on the hourly chartThe SPX500's daily chart is still trading in a bullish zone. The hourly chart has pulled back to oversold territory suggesting a bullish snap-back may be due.
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy.
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Past Performance is not an indicator of future results.
USDCHF Tests Critical Resistance on Dovish SNBHaving pivoted away from its tightening cycle in March, the Swiss National Bank delivered the second straight rate cut last week, making it a frontrunner in the shift to monetary easing. Officials also lowered their inflation forecasts, creating scope for more moves ahead. Its US counterpart on the other hand, is reluctant to pivot due to stubborn inflation and Fed officials see just one cut this year.
This monetary policy divergence is beneficial for USD/CHF, which surges after the SNB back-to-back rate cut. It now tries to take out a pivotal resistance cluster, comprising of the EMA200 (black line), the 38.2% Fibonacci of the last decline and the daily Ichimoku Cloud. Successful effort will give control back to the bulls and allow them to look towards the 2024 peak (0.9225-46), but this may prove elusive in the near term.
On the other hand, with two rate cuts already under their belt, Swiss policymakers may become less bold. Furthermore, the Fed may have adopted a higher for longer stance, but still sees less restrictive stance ahead and markets are more optimistic, pricing in two rate cuts within the year.
Overbought conditions indicated by the RSI and the aforementioned critical resistance confluence, can put pressure on USD/CHF. So a pullback that would challenge 0.8825 would not be surprising, but deeper losses towards and beyond 0.8730 are not compatible with the monetary policy dynamics.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
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Past Performance is not an indicator of future results.
ENGRO | Testing 200 EMA📰 On the Daily timeframe, the price has ascended above the EMA200 line, signifying a robust bullish reversal from this point can be anticipated. Such a pull back typically indicates the continuation of a bullish trend. Furthermore, the MACD histogram needs to transitioned from the negative zone to the positive zone, further endorsing the potential upward movement toward our first target at 339. Subsequently, the price may break and sustain above 340 level before testing next resistance of 359.
🛑 It is essential to note that the analysis will no longer hold validity once the support area breaks at 300.
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Nikkei reversal risk with futures extremely overboughtNikkei futures are extremely overbought on a 4h timeframe having surged to more than two-month highs earlier Wednesday. On each of the past five occasions RSI has exceeded 77, as it has today, it has coincided with a near-term market top.
By coincidence, today’s rally stalled at 39775, a level that acted as both supply and demand on multiple occasions earlier this year, including when last tested in April. While it goes completely momentum and comes just a few days before quarter-end, a short setup has presented itself.
Having missed an earlier entry opportunity when futures failed above 39775, I’m prepared to wait to see whether we get another test during the European or North American session.
If we were to fail again at 39775, you could initiate shorts with a stop above 39800 for protection. 39500 would be the initial target, a minor level that acted as resistance and support in April. Below, 39345, 39200 and 39025 are other downside levels to consider.
DS
Smooth love potion (SLP) - bullish divergenceSmooth love potion (SLP) - bullish divergence
On the above 1-day chart price action has corrected a massive 90% since mid-July. Now is a excellent time to be bullish, why?
1) The ‘incredible buy’ signal prints.
2) Seven oscillators are printing bullish divergence with price action following the ‘buy’ signal - more than excellent.
3) RSI resistance breakout.
4) The story is very similar on the SLP/BTC pair (chart below) with price action converging within a bullish falling wedge pattern. A breakout by early January must happen one way or another.
Is it possible price action continues to fall? For sure.
Is it probable? Very unlikely.
Good luck!
WW
1-day BTC chart
BTCUSDT WAVE 5 IN PROGRESSWave 4 extreme (ABC) reached the typical price target level. We have two confirmation levels marked on chart that needs to be broken up in order to confirm wave 4 completion . the first confirmation is the break up of previous wave 4 high and waiting for the second confirmation to happens at wave B high.
in addition , ChandeMo Momentum is currently up and the EWO is above 0 and both confluences supports that wave 4 is completed .
In this scenario we assume wave 5 as an impulse 5 waves up but this could change later since wave 5 is usually forms as an ending diagonal . wave 5 projections are on chart
Good LUck
$BTC UpdateI've got a good feeling about the #crypto market in the coming days.
The double top played out well, and the price is now hovering near $63,000. We’re also close to the monthly S3.
On the 4H timeframe, there’s a clear convergence (4x magnified). If a reversal is going to happen, it should be from this price range. If this convergence plays out, we could see a quick move back to $67,000, and possibly $69,500.
—
🔴 We can't stay here too long; we need to break back above $65,000 or risk another drop of 6-15%, potentially down to $53,000.
#Oil_Crude Elliott wave analysisPrice seems to have finished a 5-wave bullish impulsive move and is now getting ready for a bearish correction.
Price failing to create a new high while making a new low is our signal that the bearish move has started.
Bearish confirmations:
Bearish divergence in the 1H time frame. 4H RSX at the oversold (OS) area.
Momentum oscillator showing bearish action.
Completion of the fifth wave of the fifth, from likely wave A.
If you’ve found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
[LONG] Blue means go (again) Tokenfi's TOKEN
### RSI Analysis on TOKEN from Tokenfi
#### Overview
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100 and is primarily used to identify overbought or oversold conditions in a market. Generally, an RSI below 30 is considered oversold, and an RSI above 70 is considered overbought.
#### Current RSI Reading
As of the latest analysis, the daily RSI for TOKEN from Tokenfi is reading at 11.25. This extremely low RSI value suggests that TOKEN is deeply oversold.
#### Historical Performance and Patterns
Historically, TOKEN has shown a tendency to rebound strongly from oversold conditions as it makes its way into overbought territory, often indicated by the PMAR (Price Move Average Range) or PMARP (Price Move Average Range Percentage) metrics. Let's delve into what this could mean for the current market situation.
#### Analysis
1. **RSI at 11.25**: This is an exceptionally low reading, significantly below the traditional oversold threshold of 30. It indicates that TOKEN has been aggressively sold off, potentially due to market overreaction or broader market downturns.
2. **Historical Rebounds**: Observing past performance, TOKEN has demonstrated a pattern of substantial price increases following periods of being oversold. These rebounds often propel the RSI from the oversold territory into the overbought range (typically above 70).
3. **Potential for a Pump**: Given the current RSI of 11.25, there is a strong potential for a significant upward price movement. Historical data supports the notion that TOKEN often experiences sharp increases in buying pressure once the RSI reaches such low levels.
4. **PMAR / PMARP Indicators**: As TOKEN begins to recover, monitoring the PMAR and PMARP indicators will be crucial. These indicators can provide additional confirmation of the strength and sustainability of the upward movement. Typically, as TOKEN approaches these overbought territories, further analysis using these metrics can help in decision-making for profit-taking or continuing to hold.
#### Conclusion
The daily RSI reading of 11.25 for TOKEN from Tokenfi suggests that the coin is currently in a deeply oversold state. Based on historical patterns, this condition often precedes a significant price rally. Traders and investors should keep a close eye on the RSI and PMAR / PMARP indicators as TOKEN has a high likelihood of moving from its current oversold condition towards the overbought territory, potentially offering substantial gains.
#### Recommendations
- **Entry Point**: Given the RSI is at an extreme low, this could be an opportune entry point for those looking to capitalize on a potential rebound.
- **Monitoring**: Regularly monitor the RSI and PMAR / PMARP metrics to gauge the strength of the recovery and identify optimal exit points as TOKEN approaches overbought conditions.
- **Risk Management**: As always, employ proper risk management strategies and consider setting stop-loss orders to protect against further downside risks.
By staying informed and vigilant, traders can potentially take advantage of the oversold conditions in TOKEN and position themselves for gains as the market corrects itself.
TOKEN, the revolutionary cryptocurrency from TokenFi, the creators of FLOKI, has been making waves in the market with its unparalleled success. By providing a simple, all-in-one platform for creating tokens and tokenizing Real World Assets (RWAs) without requiring any coding knowledge, TOKEN has democratized access to the lucrative tokenization and RWA market, projected to reach $16 trillion by 2030.
Unmatched ROI and Constant Growth
TOKEN's innovative approach has resulted in consistent large ROI, making it an attractive investment opportunity for cryptocurrency enthusiasts. By allowing users to launch their own ERC20 (or BEP20) compliant tokens on multiple popular crypto chains, including +3 EVM compatible blockchains, TOKEN has opened up new avenues for token creation and RWA tokenization.
Comprehensive Features and Tokenomics
TOKEN's Token Launcher offers a range of features and tokenomics to customize your token, including:
1. **Treasury Fee**: Collect and distribute fees to the project's treasury wallet.
2. **Burn Fee**: Make your token deflationary by burning tokens on transactions.
3. **Reflection**: Automatically redistribute fees to all token holders.
4. **Buyback Liquidity**: Ensure long-term price stability and value growth.
5. **Liquidity Setup**: Create a liquidity pool on major decentralized exchanges.
Generative AI for NFTs
TOKEN also offers the power of Generative AI for NFT launches, enabling users to create high-quality artwork quickly and easily. This cutting-edge technology has streamlined the NFT creation process, making it more accessible and efficient.
TOKEN's unprecedented success is a testament to its innovative approach to token creation and RWA tokenization. With its user-friendly interface, comprehensive features, and impressive ROI, TOKEN is an attractive investment opportunity for those looking to tap into the growing tokenization and RWA market.
BTCUSDT POSSIBLE 1H MINOR PULLBACK UPBTCUSDT price is due for a minor pullback up and liquidity grab. MFI is pointing upward and STO(21,5,5,)crossed above the 20 level and an outside bar on Jun 21st @ 20 (UTC +3) is formed and the current candle broke it high ===> momentum is up
Overall trend is still down LL & LH and this idea is for the minor pullback up trade and considered a risky trade so use a tight stoploss is you decide to enter countertrend.
Invalid on chart
Good LUck
Band Protocol (BAND) - Bullish divergence** Trading opportunity **
On the above 8-day chart price action has corrected 95% since April 2021. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence. Seven Oscillators print positive divergence with price action over the last 3 to 4 months.
3) Support and resistance, price is on strong historical support, look left.
Is it possible price action continues to correct? Yes.
Is it probable? No.
Ww
Type: trade
Risk: <= 6%
Timeframe: Act now
Return: 50x
ASX:OFX – A Rare Gem with Perfect Piotroski Score and Breakout PFundamentals :
OFX Group, listed on the ASX under the ticker OFX, presents a compelling investment opportunity this week. The company boasts a perfect Piotroski F-Score of 9, an exceptionally rare achievement that underscores its financial strength and operational efficiency. Currently trading at its fair value, OFX has turned profitable over the last 12 months and is poised for continued profitability this year. ASX:OFX ASX:OFX
Technicals :
From a technical standpoint, OFX has achieved a significant 52-week breakout, further enhancing its investment appeal. The stock has formed a rounding bottom pattern, a classic technical signal indicating the potential for a strong upward movement. Analysts project a potential upside of 30%, making this a promising candidate for growth.
A potential Setup:
• Entry: Current Market Price
• Stop Loss: $2.00
• Potential Upside: $2.90F