xMoney (UTK) formally uTrust - 100x opportunity?That last time an idea was published for this token a 100x move followed (see below). Can that happen again? All you need do is hold it for a year to find out.
On the above weekly chart history appears to be repeating, it all begins with volume.
1) Price action and RSI resistance breakouts.
2) Price action prints on past resistance. Look left.
3) Regular bullish divergence as measured over 3 months. Eight oscillators print positive divergence with price action.
4) Volume breakout. Money Flow Index turns positive. I.e. buyers outnumber sellers.
5) There’s a special candlestick pattern printing on the higher time frame, do you know what it is?
Is it possible for price action to correct further? Sure.
Is it probable? No.
Ww
type: trade
Risk:<=6%
Timeframe for long: This month
Return: 10x to start, support on past resistance will confirm 100x
Previous 100x on uTrust or xMoney
M-oscillator
RSI as a Trend ToolMost people use the RSI as a momentum indicator,
trying to find Overbought/Oversold (OBOS) conditions,
and/or divergences.
However there is also a way to use it as a Trend Tool.
There is a mathematical relationship that connects the RSI and EMA's.
The formula is RSI(x) cross-over 50-line = Close cross-over EMA(2x)
i.e. RSI(14) cross-over 50 line = Close cross-over EMA(28)
This one of the properties of the RSI,
which I discovered when taking a more indept look into momentum indicators,
which ultimately led to the discovery of the MACD-v in 2014/2015
The MACD-v was then publicly disclosed in 2022,
in the form of a a paper called
"MACD-v: Volatility Normalised Momentum",
which was awarded:
It has won 2 International Awards:
1. The “Founders Award” (2022),
for advances in Active Investment Management
from the National Association of Active Investment Managars (NAAIM)
2. The “Charles H. Dow Award” (2022)
for outstanding research in Technical Analysis,
from the Chartered Market Technicians Association (CMTA)
AUDNZD daily shortAs you see we are in a PRZ includes daily resistance area and 4h resistance also in RSI we are in overbought zone it seems we have a short signal in daily and 4h time frames .
SoFi's Surge: Unveiling 2023 and What Lies Ahead in 2024Technical Analysis Overview
Current Price : $10.34, a 3.77% increase.
Weekly Trend : Showing a positive trend with a 5.35% increase over the last five days.
1-Month Trend : A significant increase of 51.96%, indicating strong bullish sentiment.
6-Month and Yearly Trends : A 17.04% increase over the last six months and a 124.51% increase year to date, highlighting a robust bullish trend.
Advanced Technical Indicators
Relative Strength Index (RSI) : 70.41 - Indicating that SOFI is nearing overbought territory, which could lead to a potential reversal or consolidation in the short term.
Moving Average Convergence Divergence (MACD) : 0.63 - Suggesting bullish momentum, indicating a strong buying trend.
Other Indicators : STOCH (83.28), STOCHRSI (84.02), ADX (37.09), Williams %R (-8.57), CCI (104.63), ATR (0.46), Ultimate Oscillator (54.76), and ROC (24.66) all contribute to a picture of current bullish momentum but with potential for short-term volatility or pullback.
Market Sentiment and External Factors
Market Capitalization : $9.904B USD.
Trading Volume Analysis : A high trading volume of 35,199,288, suggesting active market participation and interest in the stock.
Recent News Coverage Impacting SOFI
Bullish Outlook for 2024 : Analysts predict SOFI stock could continue its rally in the new year, benefiting from expected interest-rate cuts. A notable analyst has set a high price target of $14 for SOFI stock, implying significant upside potential ( InvestorPlace ).
Focus on Non-Lending Businesses : Analysts appreciate SoFi's shift towards non-lending businesses, improving earnings quality despite a higher-for-longer interest-rate policy.
Central Bank Policy Changes : Potential interest rate cuts in 2024 could benefit SoFi's lending business, as lower rates tend to spur borrowing and lending activity.
Conclusion
SOFI's stock shows strong bullish signs in the medium to long term, but the current overbought condition warrants caution for short-term traders.
The recent news and analyst predictions provide a positive outlook for 2024, making SOFI an interesting stock for both traders and long-term investors.
#DAX, #GER30 is ready to fall.-----------DAX DOWNSIDE MOVE IS ABOUT TO HAPPEN-----------
DAX index shows a few signs that it is ready to deep dive. The course is at all time high. Economic indicators like GDP, interes rate, emloyment don't support that optimistic behaviour. Weekly RSI is at overbought territory. And daily RSI shows divergence. I think it is time to re-consider the long positions at least or rather start to build a short position on German stock index.
EURAUD - Bullish ContinuationFX:EURAUD is currently in a bullish trend forming higher highs and higher lows. Expecting the trend to continue if another higher high is made on price!
GOLD - Bullish OutlookTVC:GOLD currently has bullish divergence after completing a bullish AB=CD harmonic pattern. If the LH is broken, we could see bullish price action on Gold.
KAS back in Buy ZoneMeasuring from the wick down on 3 Jan up to the recent ATH, KAS has now retraced to the 0.618 Fib level, with the 0.786 at at the 10 cent mark, which is also current 200 daily EMA level. Daily RSI back at levels not seen since last June, signalling a potential buy opportunity, though whether or not the bearish divergences formed from mid Nov to mid Feb have played out remains to be seen.
Exploring Cycles and Sine WavesEUR/NOK 4H Chart Analysis: Exploring Cycles and Sine Waves
In this EUR/NOK 4-hour chart, we've delved into the fascinating world of market cycles and sine waves to hypothesize future price movements. By closely examining the rhythmic patterns of the market and applying cycle analysis tools, we aim to capture the essence of the currency pair's fluctuations.
The chart showcases key sell signals where we hypothesized cycle peaks, complemented by a robust indicator at the bottom which merges cycle theory with classic technical analysis. The color transitions in the oscillator provide additional insight, potentially indicating momentum shifts.
Please note that this is a speculative approach based on pattern recognition and cyclical behavior of the market, not a definitive prediction. As always, trade with caution and consider integrating other forms of analysis for a comprehensive strategy.
FSR Lower Low. Possible Reversal?After breaking downward the channel, we can see the RSI showing a overbought level, with the DMI going lower after a peak. The volume looks to be also decreasing, with sellers losing strength.
Potential Downtrend in BorgWarner BorgWarner has tumbled since the summer, and some traders may see risk of further downside.
The first pattern on today’s chart is the price zone around $32.75. The auto-parts company made lows there in December and January. It peaked at the same area this month. Has old support become new resistance?
Second, BWA is stalling at its falling 50-day simple moving average. That may suggest its intermediate-term trend is bearish.
Third is the trio of bearish gaps triggered by weak guidance after the last three quarterly reports. Those may reflect weakening fundamentals.
Finally, stochastics are dipping from an overbought condition.
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CADCHF 📈 100% Long Trade Idea ✔All the ideas are shown on the graph. Price action, resistance (trend line) breakout and Buyers majority makes us believe that price will go up to the previous major resistance (TP) Levels.
Good Luck to All! 🙌🏽😎❤
The one and only buy signal you should never ignoreWeekly RSI is approaching 30 again. Historically, this has signaled the cycle bottom . Whether you consider this a 4-year-cycle bottom, or a local bottom within a mega cycle , it doesn't really matter. All that matters is that a bullish reversal is just around the corner, and we likely won't see another buying opportunity like this for a few years.
Could price dip again to $25k or $20k? Sure, and I'll buy there too. Either way, we're a hell of a lot closer to the bottom than the top, and that's what this game is all about.
I'm stacking all my alt positions and reducing my BTC allocation in favor of alts.
DAR longNYSE:DAR long idea
MA and the first two indicators are direction bias (Mean ^, Var ^)
The last two indicators are information theory and not directional.
GBPUSD - Bullish OutlookFX:GBPUSD is currently experiencing bullish divergence and 1 hr timeframe. Additionally, FX:GBPUSD has a bullish trend on 4 hr and daily timeframes. Recent bearish price action seems to be a re-tracement in a bullish trend.
Ampleforth Governance Token (FORTH)On the above 4-day chart price action has corrected over 90%. Today is great long opportunity. Why?
1) RSI and price action resistance breakouts.
2) Multiple oscillators print bullish divergence with price action.
3) Price action prints support on past resistance since breakout. Look left.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Now, don’t sit on your hands.
Return: no idea
DATAUSDT1. Data Main Net in 2 Days do not miss this one.
2. Big Part of DEPIN Narrative.
3. 4 Weekly Targets are as above in Chart
4. Seems in an Ascending Triangle on the weekly and about to bust resistance at $0.09
5. 4X Quite easy as not much resistance ahead.
BITCOIN is still BULLISH. Because we are Embedded. I see people trying to short this market!
WRONG, WRONG, WRONG.
You should be
LONG, LONG, LONG.
Whilst the slow stochastic's are embedded - which they have been for 10 days now.
How do Slow Stokes embed? 3 continuous days with readings above 80 on the K&D line.
You now have a indicator that has flipped from overbought to a LOCKED 🔒 in trend.
(This also works in Bear moves with reading under 20)
We could see 55K easily by Friday a return. move to the upper Bollinger Band.
If at any point the stochastic's close under 80... they can regain their embedded status, the very next day ONLY.
Also losing the stochastic's doesn't mean to short, but simply take some chips off the table.
Trxusdt ,,, trend lines ✨TRX will grow to higher areas after breaking the trend line, I also see divergence,, in RSI.
But even though I think the pullback has been stirred, you can wait until the break of the trend line, and then buy. ✨
BONK/USDT next move assumption - Not a trading adviseBONK/USDT next move assumption - Not a trading advise.
The weekly and monthly are at strong Buy
The daily also with buying orders placed.
At the short time, the selling is high hence that is my thinking.
Patience is great.
$IBT March 15, 2024LSE:IBT March 15, 2024.
15 Minutes.
NASDAQ:IBIT retraced back to 200 averages in 15 minutes time frame.
For the rise from 34.03 to 41.99 NASDAQ:IBIT has retraced to 38.2 levels.
And for the rise from 37.77 to 41.99 it had retraced more than 61.8%.
So holding 39 resistance can be expected around 41-42 levels.
On the downtrend i expect 37 as a target initially which is 61.8% retracement for the larger rise and 100 average in the 60-minute time frame too. Bias is towards 37 levels initially.
XJO Short - Head and Shoulders, MACD Bearish DivergenceXJO has recently broken out of a rising wedge on a daily. MACD has now also crossed, showing bearish divergence on a daily.
Finally, as at today's close, XJO has completed a head and shoulders pattern on an hourly.
The measured move is 150 points to 7,550 although 7,565 looks a little more realistic.
Stops just above the right shoulder at 7,750.
BBOZ time!
PEPE will push another leg up?PEPE broke above the short-term resistance trendline, watch for a retest entry. Entry on a breakout above newly formed resistance would also be fine.
Traders that used retest entry from my last idea are in the nice profit already...
BTW I would like to see RSI go above 60 for this to be a nice move up.
Details on the chart.
Good luck traders
