RNDR/USDT - Possible Head & Shoulder Pattern? We've spotted what appears to be a head and shoulders pattern forming, which is generally considered a bearish signal. The right shoulder is currently in formation, and we're closely watching this neckline. If the price breaks down through this neckline convincingly, it could confirm the pattern, suggesting a potential drop towards the major target zone highlighted in yellow.
It's key for us to observe the price behavior near this neckline. A bounce from here might delay the bearish forecast, but if we're seeing consistent lower highs forming on the right shoulder, then it shows us some downward movement. We're looking for a solid closure below the neckline to consider any bearish positions seriously.
But meanwhile, we shared a few possible setups that can happen on the RNDR coin in the next week or two.
Swallow Team
Relative Strength Index (RSI)
Tips on Adjusting the RSI (Part 2) Although the standard setting for the RSI is 70 (overbought) and 30 (oversold), I prefer to adjust the levels to 80 and 20. The purpose of this is to identify the extremely overbought/oversold regions.
In addition to adjusting the levels, I would pay attention to the chart when the RSI enters in the overbought/oversold region (but would hold back on entering a trade)
I would only enter a trade when the RSI turns down/up from the overbought/oversold region.
This would signal that the price is likely to fall/rise as the RSI reverses from the extremes and back within range.
Learning to use the RSI (Part 1)The Relative Strength Index (RSI) is a popular momentum oscillator used in technical analysis to identify overbought or oversold conditions in the market. The RSI is measured on a scale from 0 to 100,
RSI values above 70 are often considered overbought, suggesting that the price may be due for a reversal or pullback.
RSI values below 30 are often considered oversold, indicating that the price may be due for a bounce or recovery.
A common mistake most traders will make is to assume that once RSI signals an overbought/oversold condition, the price should drop/rise, hence leading to a sell/buy decision.
In the 2 examples highlighted (solid blue lines), you will notice that although RSI signaled an overbought/oversold condition, the price continued to climb/drop despite being overbought/oversold.
Remember: Prices can be overbought/oversold for an extended period of time
When using any indicator, always remind yourself of what it is measuring and remember that it is just math (not magic). The indicator is supposed to help quantify and help you see things clearer on the chart (rather than numbers).
Check out Part 2 for Tips on Adjusting the RSI
LINK/USDT - Potential Drop Of 18% !?!We're spotting what looks like a double top formation with a neckline yet to be broken! If we see a decisive breakdown below this level, we're likely to witness a slide towards the $12 region, marking an approximate 18% descent. It's a waiting game for now, as a breakdown could open up a short opportunity. However, should there be a surprise shift and we break the resistance above, we could be eyeing new highs.
Swallow Team
USD/JPY ↗️ Long Trade Setup ↗️Hello Everyone 🙋🏽♂️
Oversold + Demand zone
🟠 EP 149.635
🔴 SL 149.065
🟢 TP1 150.225 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 150.805 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 151.415 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
ETH/AMC chart to follow MOASS/ SqueezeNotice when ETH/ AMC correlation corrects, AMC runs. Currently, RSI, Macd, and price is double topping on Eth/AMC. Again, this is ETH compared to AMC price. not prices overlapping two charts. A run for AMC is due on the charts, but only until we break patter/ trend line will a massive squeeze start.
🔥 TRB First Oversold Bounce In 2 MonthsTRB has been one of the biggest winners of the last two months, doing a 14x whilst most other crypto's only did a 2x-3x.
It was a matter of time before TRB corrected. Patient bulls like myself have been waiting for this opportunity.
Since TRB hit oversold levels on the 4H chart for the first time since late September, this might be the perfect time for bulls to step in for a swing-trade position.
Stop below the recent swing-low, target at 230$.
How to avoid Bull Trap ?The recent surge in Bitcoin's price has stirred excitement in the crypto community, but is it all that it seems? While the upward movement is enticing, it's crucial to exercise caution as signs suggest that this rally might be setting a trap for the bulls. Let's delve into the reasons behind the cautionary outlook and how to navigate this potentially precarious situation. 📉🚨
The Overextended Rally:
Bitcoin's recent ascent has been remarkable, but as the saying goes, what goes up must come down. The current rally appears stretched, with prices trading in a resistance zone that could pose a significant hurdle.
RSI Indicating Overbought Conditions:
A notable red flag is the Relative Strength Index (RSI), which is signaling overbought conditions. When RSI reaches elevated levels, it often suggests that an asset may be due for a correction.
Trading in the Resistance Zone:
Bitcoin finds itself trading in a crucial resistance zone, adding weight to the argument that the current rally might be overextended. Trading in such a zone can be risky, as it often triggers a reversal or a prolonged consolidation phase.
A Word of Caution for Long Positions:
For those considering long positions, it's essential to exercise caution. The potential for a pullback or correction is significant, and entering longs at these levels might expose traders to unnecessary risks.
Trading Strategy:
Patience is Key: Rather than chasing the rally, consider waiting for a healthy correction or a clear breakout above the resistance zone.
Risk Management: Implement effective risk management practices to protect your capital in the event of a sudden reversal.
RSI Confirmation: Keep a close eye on RSI levels; a divergence or a move into oversold territory could provide a clearer entry signal.
Conclusion:
While the allure of a bullish Bitcoin rally is strong, it's vital to approach the market with a discerning eye. The potential for a bull trap is present, and exercising caution in your trading decisions is paramount.
May your trades be well-timed and your strategies resilient in the face of market uncertainties.
❗️Get my 3 crypto trading indicators for FREE❗️
Link below🔑
MAZDOCK Breakout ReadyMazagon Dock Ship Builders Ltd. recently announced that the company will pay dividend to its shareholders for which the record date has been set at November 20, 2023. This will be the highest dividend the company has ever paid till date. We have previously seen the company pay dividend to its shareholders in the past so it has a good track record of giving growth & revenue to its shareholders. The company has a strong order book which gives it a fundamental boost to be a good pick for the long term.
Coming to the charts, the stock has formed a triangle pattern that can give an aggressive breakout in the days to come. The daily RSI is trending around 50 which can give it a boost as its a sign that the momentum of the stock has not yet exhausted. The stock is also outperforming NIFTY which makes it a favorable pick.
🔥 TWT Huge Bullish Hedge Opportunity: Oversold SignalA couple of weeks ago I made an analysis on TWT where I discussed that TWT had likely more selling to come, but that there was a major support which could keep TWT from falling further.
At the moment, TWT is currently slightly bouncing from the diagonal support, as well as being severely oversold on the 3D timeframe.
Seeing that the overall direction is relatively bearish, this can be considered as a counter trend hedge trade. The trade has a massive risk-reward ratio of 41.4, which can lead to some amazing gains if the target is hit.
You could take earlier profits at 1.00 and 1.85 if you're more risk averse.
BITCOIN | BBW SQUEEZE ALERTThis chart shows the Bitcoin price on a monthly timeframe alongside 2 indicators: Relative Strength Index & Bollinger Bands Squeeze .
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Bollinger Bands Squeeze :
For those unfamiliar, the Bollinger Bands Squeeze indicator is simply the standard Bollinger Bands Width (BBW) indicator with the added capability of detecting the "Bollinger Bands Squeeze" as defined by John Bollinger:
The BBW squeeze happens when BBW < all BBWs of the past 125 intervals.
Whenever a BBW squeeze occurs, this means there is low volatility.
A low volatility period is almost always followed by high volatility: a large breakout (with price performing ample movement and exiting the BBW bands) may suddenly occur.
The breakout may be preceded by a fakeout, during which price moves in the opposite direction.
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As you can see on the monthly chart, we're currently in a squeeze for the first time since October 2020, when we saw the price breakout and climb by approximately 532% in the 6 months immediately following the squeeze. If history is any indication, it might be time to buckle up!
🔥 Bitcoin Most Overbought In 2.5 YEARS: Potential Danger AheadIn this analysis I want to shed some light on the fact that the weekly RSI on Bitcoin has reached the highest value in over 2.5 years. The last time that we weekly RSI reached above 70 was during the height of the bull-market, back in April 2021.
Historically, Bitcoin's weekly RSI has very often been above 70, just scroll back the chart. However, the timing is interesting. Although the price is going up and people are feeling bullish, this is not a bull market (yet). So, a patient bear might want to step in during a period of heavy buying to bet on a potential downturn.
I'm still bullish, but I also have to admit that there's a risk of Bitcoin correcting in the near future. Stocks are selling off, the price has hit resistance, weekly RSI above 70. The perfect conditions for a bear, one would think.
Where do you see the price going in the next few weeks? Correction, or a move towards 40k? Interested to hear your thoughts 🙏
My mid-term plan for BitcoinMainly looking for price to form a new swing high first, before dropping to the 31.5k level.
Keeping an eye on the RSI oversold level - a bearish RSI divergence could signal the start of the small drop.
31.5k price level seems appropriate to place an entry as a support level and FVG is there.
From there, price could bounce and chop sideways around 38 to 39k, before moving higher to 45k price level.
AT&T - Possible upside to 200 ema Idea Stream for AT&T
Wait for confirmation of the move bullish.
$15.46 is such a pivotal price point; it can play as resistance or as a prior support from June 23- 26. That's why we wait for confirmation of the move. Premarket can help determine consolidation, momemtum, etc
Strategy - If, on October 25th it proves bullish, then:
BUY 15.50 call 11/3 0.25 or better
Target #1 Target #1 15.90 sell @ 0.47 = 88% win
Target #2 16.09 sell @ 0.57 = 128% win
Why?
RSI is uptrending
Earnings is behid us
Retest off the 89
Bollinger Bands are opening
MACD is uptrending
Great Volume since Earnings
**Let's see what happens**
This is my opinion and not trading advice. Seek professional advice elsewhere. These are only my ideas.
Bullish divergence on TLT HEYYYY
I like bullish divergence.
The SAFEST Way to play this is to buy shares and do some covered calls.
It will chop around a bit. In STRONG power down-trends; you want to be really careful selling puts or doing bull put spreads. But - as long as you are comfortable with the risk.
I do not buy call options on stocks that are in strong downtrends. Unless I'm day trading.
Either way, I love the bullish divergence on the multiple RSI timeframes.
🔥 Bitcoin Stochastic RSI Is Signaling DANGER - Monthly View!While BTC is seeing a surge in the short-term, the longer-term timeframes are telling a different story.
As seen on the chart, the Stochastic RSI on the monthly has confirmed a change in direction from bullish to bearish. I'm aware that not every Stochastic RSI cross will signal a bearish period, but the last three times that the fast line has crossed the slow line above 70, it has signaled the end for the bulls in a longer-term period.
Do you think BTC's top for the year is in, or are we going to see new highs soon? Share your thoughts 🙏
Bitcoin Weekly Analysis- Sell Signal Below Resistance Trend Line
- Squeeze between EMA 144 and 233
- RSI Picking Up
- MACD Neutral/Descending
Looking back to 2020 we can see a similar pattern.
What this mean?!?....
Well, it can repeat the same pattern that seems more sensible to me or in case of breaking the EMA 233 we will see a continuation of the downtrend towards the $10,000 region.
It was like this throughout September, squeeze between the two EMAs.
We will definitely have a lot of volatility this month and perhaps until the end of the year.
#UNFI/USDT 3D (ByBit) Big falling wedge breakoutUnifi Protocol is facing strong supply zone after an insane growth, RSI looks overbought, a retracement down to 100EMA seems likely.
⚡️⚡️ #UNFI/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (3.0X)
Amount: 5.0%
Current Price:
9.2675
Entry Zone:
9.3975 - 10.1755
Take-Profit Targets:
1) 8.212
1) 7.026
1) 5.8405
Stop Targets:
1) 11.104
Published By: @Zblaba
NYSE:UNFI BYBIT:UNFIUSDT.P #UnifiProtocol #DAO #DeFi #BSC unifiprotocol.com
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +48.3% | +84.6% | +121.0%
Possible Loss= -40.4%
Estimated Gaintime= 1.5-4.5 months
#TRB/USDT 5D (Binance Futures) Big descending wedge breakoutTellor Tributes printed a shooting star which probably marked the local top on that supply zone.
RSI is quite overbought, a retracement down to 200MA at least would make sense.
⚡️⚡️ #TRB/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Amount: 4.7%
Current Price:
38.512
Entry Zone:
38.997 - 44.129
Take-Profit Targets:
1) 30.911
1) 22.890
1) 14.868
Stop Targets:
1) 50.476
Published By: @Zblaba
LSE:TRB BINANCE:TRBUSDT.P #Tellor #Tributes #Oracle #Web3 tellor.io
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +51.3% | +89.9% | +128.5%
Possible Loss= -42.9%
Estimated Gaintime= 3-9 months
Ichimoku RSI Analysis RSI was in oversold area, so I expect a bullish correction and price can touch the Kumo!
🔥 Worldcoin Bullish Divergence: Is This The Bottom?WLD has seen a very long period of selling after it initially launched on Binance (as happens often with newly added tokens). However, it appears that this token might have bottomed for the time being.
I'm seeing strong bullish divergence on the daily RSI chart. The price made a lower-low, while the RSI made a higher-low, which often signals the start of a change in trend.
Still, this is a risky token and a risky entry. However, the potential gains are very high.
I'm looking at a longer-term target of 3 USD, potentially even higher next year.
Ichimoku RSI AnalysisRSI was in oversold area, so I expect a bullish correction and price can touch the Kumo!
