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Overbought

Energy's volume confirming trendTechnical Short-term Analysis We have a new potential uptrend line drawn in the chart. RSI is showing some divergence as it has reached the level from the beginning of February. However; I would take this divergence with a grain of salt, as it did reach Overbought levels and did not break the 40 level on the RSI (typical bullish behavior). OBV has a clear uptrend, supporting the uptrend in price. Trade Setup Would sell a partial position if we break the ~new potential uptrend~. Would sell the rest if we break the 50sma. Hope this helps!
AMEX:XLELong
by dorfmanmaster
4
Finally in the zone of interestFrom overbought ATH around 61780 price fell down to oversold and showing us bullish divergence on 4H RSI. When we consider strong support FIBO zone around 52.4K we get great probability for trade with minimal risk. Longs positions are starting stabilize too. (green line above charts). After all of that I will still opening only a small position of my account to leave room for further maneuvering :D Because the price CAN have many obstacles upwards (56500,59300,60000 and ATH.) 15% of account i long at market price. Comment below where you will buy or maybe where you will short: D And if you agree like. I will update this idea in close future so if you want, follow me.
BITSTAMP:BTCUSDLong
by Exly11
1
MYRG joins list of my near-term shortsI have changed up how to best display projected movement. In the case of MYRG, 5 of my algorithms signaled a SELL on March 19, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the Daily chart after a SELL signal occurred. Therefore, this box represents 100% of previous movement upward before the stock finally moved downward. The smaller red box represents 50% of all historical movement upward, before the stock moved downward. The smaller box is more of a precise target for the potential top in this instance. The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final bottom. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play). All statistics and the full analysis are available for free as always at the site below.
NASDAQ:MYRGShort
by StockSignaler
GC goes up to supply zone then back to 1700Gold I expect to go to 1750-1760 before dropping back to 1700 - upward wedge indicating reversal - strong supply zone - upward wedge vertex confluent with supply zone (I love when things conflue :) - RSI will likely be overbought or show bear divergence. I drew a possible price path scenario after supply zone is hit If you like this idea please support me by giving a thumbs up! Please leave comments or ideas too :) Ms. Bunny.
COMEX:GC1!Short
by UnknownUnicorn11430563
4
CB Pro - Delaying The Inevitable For ADA? As an ADA holder, and someone who is general long on Cardano... I have loved the CB Pro hype. But I'm also worried that it's only going to delay the inevitable pull back from this last major run. Let's break down the 1 week candles. PAST The run that started last March (2020) ended in ADA being overbought for 77 days. As expected with an overbought stock/crypto - the price proceeded to correct. Price dropped down 46% and hit the .382 fib retracement line PRESENT The run that started in November 2020 has yet to have a major pull back During that run ADA has been overbought for 91 days The Stochastic RSI started to tick down (as expected) THEN THE CB Pro news drops and we get a major pump ADA still flirting in the overbought range... could still see a drop I'm worried that the CB Pro pump is going to give a false sense of security and we are still in for a bit of a correction. Maybe the CB Pro pump means the correction won't be as sever, but I don't think we are out of the woods yet. I would love to be proven wrong... but I would also love for ADA to go on discount and pick up some cheap coin!
KRAKEN:ADAUSD
by worldlyTacos81375
2
BTC correction overdue, Oscillators at extremes, Median line hitBTC has been on an amazing run this year, Seems like nothing can stop it. However it feels like a correction is overdue. The question is; will BTC smash through this median line and make its way to the top of the channel or will it correct and retest the channel shown in red? Key points: Oscillators are at extreme highs (but they can stay this way for a long time!) Last time the RSI was this high was at the top of the 2013 bull run and the MACD has never been this high The median line of the long term channel has just been hit Bias remains bullish long term A retest of the red channel would be around $25,000 RSI almost at all time highs & MACD at all time highs: Trade with caution. I'm not buying BTC here, but I'm certainty not shorting it either. Instead I'm locking in some BTC profits and looking for opportunities in the alts. Hopefully we're at the point in time where the alt season starts really warming up. Never Trust. Verify. D.Y.O.R . Not Financial Advice, this is my trading journal. Always remember: Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key . Capital preservation above all else.
BITFINEX:BTCUSD
by TribeWriter666
5
The Regular Divergence (2) Stock price is lower low, but indicator is higher low. The price touches the support trend line. Tips: This is index, not a stock. But the tips should apply as well. 2013 dec 13, price and stochastic have divergence. Stochastic is to value price momentum. The divergence is a regular divergence. Means the price will bouce back. Here is for price lower low, but indicator higher low. Stochastic works only for a range price move. For strong trend, not working. Here the indicator value is very low, and the stock not in a strong trend swing, means oversold. More probably to bounce back. The stock runs in a very long range. The price drops almost on the support trend line. Over all these, a strong buy hint is here.
TVC:UKXEducation
by yunwangvvv
The Hidden Divergence (2)Stock price and indicator have hidden divergence. Price is lower high, but indicator is higher high Tips: This is forex, not a stock. But the tips should apply as well. 2013 Nov 5, price and stochastic have a hidden divergence. Stochastic is to value price momentum. Also can be treated as if stock overbought or oversold. The divergence is a hidden divergence. The hidden divergence means the price will continue the trend. Here the trend is downtrend, means probably price will go down. 2013 Nov 5, stochastic showed overbought, possibly price go down. The price also touched almost 50 ma, possibly price reverse down. The price also touched almost resistance trend line, possibly price reverse down. It is below 200 ma, should bias on downtrend. Plus this hidden divergence, it is a sell hint.
by yunwangvvv
The Hidden Divergence (1)Stock price and indicator have hidden divergence. This maybe means the price will extend the trend. Tips: This is forex, not a stock. But the tips should apply as well. 2014 Jun 6, price and stochastic have a hidden divergence. Stochastic is to value price momentum. Also can be treated as if stock overbought or oversold. The divergence is a hidden divergence. A hidden divergence is for a price higher lower, but indicators are lower low. Or for a price lower high but indicators are higher high. The hidden divergence means the price will continue the trend. Here the trend is uptrend, means probably price will go up. 2014 jun 6, stochastic showed oversold, possibly price bounce back. The price also dropped almost on 50 ma, possibly price bounce back. It is below 200 ma, should bias on downtrend. But here is a buy hint, so can buy , but not a very strong one.
by yunwangvvv
The Regular Divergence (1)Stock price is lower low, but indicator is higher low. This divergence can be a trading opportunity. Tips: This is forex, not a stock. But the tips should apply as well. 2014 apr 28, price and stochastic have divergence. Stochastic is to value price momentum. Use 8,3,3 as the parameter can wipe out some market noise. The divergence is a regular divergence. Over 200 ma, should have bias of doing uptrend. Hence, for regular divergence, should only trade when price is lower low, but indicators is higher low. If below 200 ma, should be reverse, which is for regular divergence, should only trade when price is higher high, but indicator is lower high. The price also dropped on 50 ma, more probable to bounce back. Stochastic works only for a range price move. For strong trend, not working. Here the value is about 20, and not in a strong trend swing, means oversold. More probable to bounce back. There is also a horizontal support below the price. Over all these, a strong buy hint is here.
by yunwangvvv
Is #Bitcoin's Blow Off Top Yet To Come? Make Sure You Take Your Profits! $30k Is a Psychological Resistance. Don't Expect To Time The Top, Just Try to Get Close (Within 10%) Bitcoin Will Retrace Heavily Once It Breaks The Parabolic Trend! (40%+ Retracement Expected) A Pull Back and Bounce At 20k Would Confirm A Nice Support Resistance Flips and set Bitcoin Up For Further Upside.. Try To Increase Your Bitcoin Holding With This In Mind! 💠Keep #ContemplatingCrypto 💠Join The Crypto Collective For More Signals & Copy Our Long Term Portfolio💠 💠 Thanks For Your Support! Like, Comment and Follow Us for More!
BITSTAMP:BTCUSD
by contemplatingcrypto
1
Acia going short• MACD line has almost crossed over the signal line, which is a bearish confirmation. The red vertical lines (+ve) also indicate that the price is decreasing. • William Alligator indicator shows that the stock is currently at a bullish position as the candle sticks are above the teeth & lips. The lines are moving closer together with could be a bearish confirmation. • The RSI is extremely overbought Conclusion Acia has been volatile lately and has experienced a huge spike in price. Due to that, we could expect a corrective pullback, and that is why a short position is taken. Entry price is set lower than current price for assurance.
AShort
by Sharona_vf
Mean-reversion - OVERBOUGHT - SHORT Greetings folks, Price has pierced through the standard setting bollinger band and my mean-reversion system has indicated a setup. Unfortunately, price has about reached the mean as of posting this trade idea. The trading system with a preset 2:1 profit to risk ratio for this asset has historically: 101 trades 19 %/R returns 40% winrate Do let me know if I should expand the assets and timeframe of ideas that I share. Cheers, PineConnector
Short
by PineConnector