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Relative Strength Index (RSI)

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
3 Step Divergence Trading strategy. When to use the RSI Formula.This is a divergence trading strategy i am testing out for you guys who are still having trouble knowing WHEN to enter a trade after finding a divergence as well as where to exit that trade. This will also give you more information on the followings: Where to use the RSI FORMULA. When to enter a trade after a divergence. What a fake out looks like. Where to take profit Where to take a second profit Drop your feedback if you would like to see this strategy develop further and if you understand its simplicity enough.
by CoffeeshopCrypto
18
BTCUSDT - Phoenix Ascending BEARISHHi Traders, Investors and Speculators 📈📉 The markets have been trading bearish overall, with over 2 billion drained from cryptocurrency within the past 48 hours. This comes as no surprise to me, as I have been watching the DXY increase and the TOTAL crypto market show weakness. And so I made this idea a few days ago : There is a possibility that we may correct towards the upside after this drop, we could even see a few altcoins increase over the next few days. However, the Technical Indicator Phoenix Ascending is showing that BTC is in trouble in the weekly timeframe, and if a reversal does not show up on lower timeframes, the next major support zone is only at $12500. Looking for some hobbies or side hustles that make money? Check out these ideas 👀 _______________________ 📢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
FTT - Long position - High Risk On this chart we can see the massive drop from FFTUSD as we all know FTX is in big trouble. So this trading setup is a really high risk setup. If we ignore the fundamentals, the indicators are showing that the price will go up. The indicators we used are the Bollinger Bands, RSI and stochastic. They´re all suggesting the price is oversold. So hopefully the price will have it´s last convulsion before it continues to go down. All further details are shown on the chart.
FTX:FTTUSDLong
by vf_investment
6
CELOUSDT - Oversold (2x - 5x return)Consider the 2D USDT pair above: 1) RSI is in oversold, "buy zone" 2) Bullish divergence as drawn 3) Price and RSI breakout on 3D BTC pair 4) Dragonfly doji printed on 5D BTC pair after large downtrend, signifying trend reversal Targets (initial): 1.5 - 1.6 - 2.3 USDT Timeframe: Weeks (don't know exact number) Leverage: 3-4x ( if we get a green candle close above the dragonfly's close in the 5D BTC pair chart, then chances of upside are even larger. Carefully manage risk. )
Long
by unknownpower
2
EURGBP short IF cross MABoth zones UK and Euro had rise their interest rates in 75bp. Days ago Lagard said ECB will continue raising rates to fight the inflation, and BOE are warning about a long recession, and the interest rates hikes in 30Y In this chart we can watch the price touching the resistance and a overbought at BB and RSI, changing the direction such as MACD that had already crossed the signal line. We can wait for the confirmation of short position after the candles cross the MA, and open our position against Eur if it's a strong short candle
Short
by AFCapital21
BITCOIN - Similar To December 2018 ?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. 👩🏫 This is not the longest that BTCUSDT has been trading underneath the Moving Average. During December 2019 until the next year, BTC spent 36 WEEKS underneath the Moving Averages. Noteworthy that this was the 50d MA (due to the lack of data, there was no 100d or 200d). Currently, we're trading underneath the 200d MA. However, this can still signify that range trading for a period of time may be the most likely scenario. We still see high volume on the chart and the RSI shows sideways to slightly lower is the most probable for the foreseeable future. USUALLY (not always) there is a Xmas rally, or a December rally. It should be interesting to see if we find our reversal during the month of December, or if we continue to decline and start another bullish cycle during Q1 next year in 2023. I'm labeling this BTC post as short even though I don't believe shorting it is a good idea right now, simply because it seems more likely for the price to go slightly lower than higher (judging by the RSI). There will be the occasional, unpredictable wick back up towards the MA but the price will continue to trade underneath until a clear bottom is established. Incase you're interested in XRPUSDT, check out this idea 👀 Have a great weekend🥂 _______________________ 📢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-
34
InvestMate 🪙 Gold under pressure from strong doalar 🪙 🪙 Gold under pressure from strong doalar. In today's analysis we will look at the chart of gold, which in the current week has shown that there is no strength for any increases. 🪙 After the rebound that took place 2 weeks ago, we could have hoped for an enlargement and extension of the upward correction. 🪙 But decisions to raise US interest rates again by 75 basis points to the highest levels in 14 years. And on yesterday's still-persistent inflation data. Doesn't leave the Fed with many options in the fight against inflation. 🪙 Dollar strengthening is in play. 🪙 As a result, commodities such as gold where a strong dollar does not support the continuation of gold prices at high levels are getting hit. 🪙 Looking at the technical aspects of the chart. We are talking here about the weekly chart. 🪙 We can see that all major indicators such as MACD, RSI, STOCH, are strongly bearish and the breakout of the 50 and 200 candle moving average does not help the situation. 🪙 It is also worth noting that the one to one correction did not hold the gold level and we continue another downward impulse. 🪙 The question I pose. It is whether we will see the 1550 level on gold which is the fibo range of 1,272 of the last upward impulse 🚀 If you like my analysis leave a like and follow my profile 🚀
GShort
by InvestMate
Meghmani Finechem Limited - Multiple Indicators📊 Script: MFL (MEGHMANI FINECHEM LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: N/A 📊 Sector: Chemicals 📊 Industry: Specialty Chemicals Key highlights: 💡⚡ This stock pick is according to my study. I have use few indicator that is BOLLINGER BAND MACD RSI DOUBLE MOVING AVERAGE VOLUME 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 Crossover in MACD . 📈 Already Crossover in Double Moving Averages. 📈 Volume is increasing along with price which is volume breakout. 📈 Current RSI is around 76. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 1701 🟢 Target 🎯🏆 - 1829 ⚠️ Stoploss ☠️🚫 - 1638 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅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:EPIGRALLong
by radha_23
2
very strong sginal for long postion EUR/USDwow depend on our deep analysis in news and indecators >> we found very good apportonatiy for long postion as you see in the chart the price borke downtrend and moving up also today the price make backtest for the trend and keep moving up so in this condition the price confirm long moving also you see in rsi indecator the price broke 50 line so this very good signal for long moving and in adx indecator you see the price broke 20 ine and also ad+ and adx line moving up 20 line this very good signal for long moving in the end we advice our investor to open long postion and take profit to ema 200 on daily time frame this postion 1.5 reward ratio / see the postion on the chart
Long
by MSD_trading
2