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Relative Strength Index (RSI)

Harmonic Pattern with Multiple Confluence for Point X and DThis is an example of regression channel with harmonic pattern. By using Simple OHLC Custom Range Interactive, we able make confluence point (blue) to get Point X of Bullish Butterfly. There are many confluence points (orange flag and teal table), which shows Point D of Butterfly starting to complete. For Point D, best to monitor price changes using RSI or other similar RSI (Cyclic RSI, etc). Indicator used : 1. Regression Channel Alternative MTF 2. HH-LL ZZ 3. XABCD Harmonic Pattern Custom Range Interactive 4. Simple OHLC Custom Range Interactive 5. Cyclic RSI High Low With Noise Filter
MYX:FKLI1!Education
by RozaniGhani-RG
ETH - HOLD ON to something, DISCOUNTS Incoming !Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 The markets are correcting lower after a brief increase predominantly following BTC up. By looking at higher timeframes, you can zoom out to see the bigger trend at play and cancel out the volatility and noise on the lower timeframes. The RSI and momentum show that the bears are still very much in control, and Ethereum faces a serious risk of a flash-crash or a slow bleed down to $650 - $800 support zone. This is according to technical indicators Phoenix Ascending and Bollinger Bands . We can confirm this from a trend analysis - there simply isn't a large enough demand zone on the next immediate support zone ($1000) since it has already been tested twice, weakening it. Therefore, the price of ETHUSDT would have to drop more to find sufficient demand - more demand than the supply zone. NOTE that this is not for the short term, but for the near term . Incase you missed it ! Here's the Bitcoin update using the same method; Phoenix Ascending with Bollinger Bands: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Short
by CryptoCheck-
39
$USDJPY | Lower Lows ContinueEver since the Yen topped at 152.00, the downfall has continued in a synchronized fashion of lower lows and lower highs succinctly. Will this continue? Here in the chart a couple things to notice: - A continuous downtrend - Massive sell pressure arrived in 136.600 - 137.00 area making the Supply Area - This is the first time $USDJPY has tested this area on the upside - 200 EMA slowly rising - RSI is nearing extreme oversold levels I think a short here with a 1.5:1 Risk to Reward would be justified as long as you began this short position in the Supply Area. From there you can target nearest support for safety and if you are feeling risky targeting the Demand Zone before the buyers stepped in. Not financial advice. Hotep & Build (Wealth).
Short
by CryptoHotep
1
TPOR Triple leveraged Transportation ETF SWING LONGFundamentally, the stabilization of fuel prices helps push things down the road. A possible rail strike if no averted by Congressionaly action will cause a big macro effect. TPOR was downtrending into the end of September then reversed starting a trend back up. I see this as a good long swing buying initially now and then every time the price pulls back to the Hull 150 moving average trend line in back or even drops below it when the faster moving average ( Hull MA 20 in Blue) reverses from going down to up or crosses the long MA from below. I will exit when the relative strength tops out and shows bearish divergence.
AMEX:TPORLong
by AwesomeAvani
QQQ setting up ReversalQQQ has been downtrending however- it broke through the mid-Fib levels which are now resistance the Momentum Oscillator shows bearish momentum decreasing to nearly zero the red dot on the center line suggests a squeeze is underway recent candles are small range and nearly Doji candles on the RSI Ichimoku are wide range and volatile in general relative strength is rising in bullish divergence Accordingly I will close the put options and open call options with 48 hours of time to expiration at a strike 1% above current price.
NASDAQ:QQQLong
by AwesomeAvani
$BTCUSD - Scenarios to considerHi guys! 👋🏻 🔔 Bitcoin keeps the downtrend pace. I still stick to the idea of Show me the chart and I'll tell you the news, so won't correlate to any buzz around #BTC or #cryptocurrencies. 🔔 For the past several weeks I've been away from cryptocurrency analyses and trading due to irregular activities in the market and I would call this the best decision of the year for me. 🔔 While cryptocurrency is still young, it's getting adapted to the price movements peculiar to the traditional market. Hence, in this review I will be strictly bound to the technical analysis and show try to explain my thoughts on #bitcoin's upcoming moves. 🔔 The first, is of course the divergence between RSI and price, usually such divergence signals the reversal of the current trend. 🔔 The second is the MACD indicator, MACD line is about to cross the Signal line which in this case is a signal for an uptrend. 🔔 The third is Bollinger Bands, the channel is way too wide and for the most cases, the price must find a range and stablizie, create a narrow channel before it gains enough power for another move. 🔔 That is why I believe that the range between $17600 and $15900 would create a channel and stabilize buyers and sellers before taking a next impulsive move. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSD
by azizelliott
1
Bitcoin - 🎯 Phoenix Ascending & BBandsHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 Bitcoin just closed another weekly candle and the price is currently stabilizing on support zone of $16000. By using two technical indicators together, we can determine which directions most likely next, bullish or bearish. The Bollinger Bands together with Phoenix Ascending also gives a potential specific price target that can likely be anticipated next. Interested in XRPUSDT and other alts? Check out this idea 👀 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Short
by CryptoCheck-
33
CELO - "LONG LIKE DONKEY KONG"Shout out to Mr. WW for the title quote. Where do I begin with this one... 1) RSI in oversold zone. Applies to both USDT and BTC pairs. 2) Price quickly and in succession printed out of Bollinger Bands due to the recent FUD. Move is unsustainable and will have to reverse back into BB (upwards). Applies to both USDT and BTC pairs. 3) Multiple indicators flashing bullish on multiple timeframes. Applies to both USDT and BTC pairs. 4) Descending channel as drawn. Price currently bounced on its bottom. 2D USDT Pair 2D BTC pair 1W BTC pair Can the price fall lower? Sure. Is it probable that it goes much further down? No. As always manage risk and minimize leverage. Good luck.
Long
by unknownpower
3
Symmetrical Triangle On CHZHello guys ,Today i saw a high risk opportunity on CHZ/USDT. the price is on the bottom of the symmetrical triangle and if it doesn't break it you can do this scenario. open your position after the price turn back.(wait,don't open your position fast !) first target is about 0.205.(it's safe to close your position) but if it's going to continue the scenario , you can close your order on 0.227. Rsi is giving a buying signal too btw. it's just an idea , always do your research and analysis. don't forget to follow and boost this idea :) thank you.
Long
by Crypto2021_2021
5
Decending Channel + weak bullish signalThe end of an ascending channel and the beginning of a descending channel. As we can see the RSI indicator is in an overbought zone for some hours, however the MACD weren't strong enough to continue going up after crossing the signal line and went down again, so the candles continues to make HL and just two HH. The BB moving average was crossed but just with two shadow candles and the second one was a bearish candle followed by a full bearish candle
OANDA:XAUUSDShort
by AFCapital21
NATIONAL ALUMINIUM COMPANY LTD - SMA Crossover + Double Digit 📊 Script: NATIONALUM (NATIONAL ALUMINIUM COMPANY LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 / NIFTY METAL / NIFTY MIDCAP 📊 Sector: Commodities - Metals & Mining 📊 Industry: Non - Ferrous Metals - Aluminium Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is already giving crossover. 📈 Double Moving Averages also giving crossover. 📈 Volume is increasing along with price which is volume breakout. 📈 Current RSI is around 63. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 77.95 🟢 Target 🎯🏆 - 88 ⚠️ Stoploss ☠️🚫 - 72 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:NATIONALUMLong
by radha_23
4
HOW TO USE RSI⁉️ ✳️What is the RSI Indicator What is the RSI Indicator? The relative strength index is a market indicator that signals when the asset is over-bought or over-sold. This is a momentum-following indicator that measures how fast the price is moving and changing. The RSI uses different types of averages, but its primary purpose is to show whether a trend is strong or weak within a series of prices. In general, a strong trend is indicated by values close to 100 while a bearish trend is often indicated by a value near 0. ✳️RSI Indicator Settings The RSI has the standard setting. When you activate the indicator in any platform the defualt setting are 3 values. They are 6, 14 and 24. These are averages. The 30 and 70 value lines are calculated based on the lower and upper values and the middle lines is the oscillar which is a 14 period average. When the 14 period oscillator is above the 24 period is overbought and when the 14 period is below the 6 period is oversold. ✳️Opening Positions on RSI Signals The main signal the RSI oscillator generates allows defining overbought and oversold price ranges. Although it is frequently used as a filter in systems where the main indicator is a trend one, it might be possible to try trading using RSI signals only. When indicator’s line goes above the level 70 or below the level 30, it signals that market is overbought/oversold, and it is necessary to wait for the next signal confirming a trend reversal. ✳️RSI Trendlines Contrary to popular belief, the Relative Strength Index (RSI) is a leading indicator. This quality can be observed by using trendlines on the RSI chart and trading its break. When the RSI is rising, an upward trendline is drawn by connecting two or more lows and projecting the line into the future. Similarly, when the RSI is falling, a downward trendline is drawn by connecting two or more highs and projecting the line into the future. A break of an RSI trendline precedes an actual price reversal or continuation in the market. For instance, if the asset price breaks above a downward trendline, it is a signal that the price is about to edge upwards, either as a continuation of an uptrend or as a reversal of an existing downtrend in the market. ✳️RSI and Chart Patterns The Relative Strength Index is one of the best technical indicators to complement raw price action signals delivered by candlestick patterns or line chart patterns. For instance, when a bullish candlestick, such as a pin bar, or a price chart pattern, such as a double bottom, occurs in a downtrend, a buy position can be opened when the RSI displays a reading of below 30 to imply oversold conditions. ✳️RSI Divergence The Relative Strength Index also delivers divergence signals that could be a viable trading opportunity. A divergence occurs when the asset price and RSI do not move in the same direction. A positive (bullish) divergence occurs when the price is drifting lower, but the RSI is edging higher. This is a signal that the price may be heading towards a bottom and an upward reversal is about to happen. On the other hand, a negative (bearish) divergence occurs when the price is drifting higher, but the RSI is going lower. This is a signal that price may be heading towards a top and a downward reversal is about to happen. ✳️RSI and RVI Both the RSI and the RVI(Relative Vigor Index) are oscillators, but their different qualities can help traders to pick out high-quality RSI trading opportunities in the market. Whereas the RSI focuses on price extremes (high and low), the computation of RVI seeks to relate closing prices to open prices. This means that the RVI has both positive and negative numbers, with the centreline being 0. The RVI gives information on the strength of price movement, with positive values indicating increasing momentum, whereas negative values denote decreasing momentum. The RSI is the best indicator to complement or qualify the signals delivered by the RVI, especially in trending markets. For instance, if the market is in an uptrend and the RVI delivers a bearish divergence signal (prices go higher whereas RVI goes lower). In this case, a retracement or a trend reversal will be confirmed if the RSI reading is above 70, which implies overbought trading conditions. ✳️Here is the list, though now at all exhausting of the ways to use RSI in your trading. I will add that I use it myself, even though you don’t see it on my charts for aesthetic reasons. I hope you liked my article, so please like and comment bros, so that more people could see it!👍 See ya next time♻️
OANDA:BTCUSDEducation
by SignalProvider
7