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Rsi_divergence

Ethereum’s 145-Days Cycle Calls for a Rally in DecemberSince the start of the year, Ethereum's (ETH) price has followed a 145-day low-to-low cycle that now calls for a rally in December. Historically, the Ethereum price has a clear seasonality, with a tendency to produce high median returns in December. ETH 145-Days Cycle This cycle shows ETH's tendency to bottom every 145 days or so. ETH's price has followed this cycle very closely as follows: • On January 23, 2022, we had the first major low of the year. • 145 days later, we had the second major low for the year in mid-June. • On November 10, 2022, Ethereum printed another low, which is precisely 145 days from the previous low. The last 145-days cycle low also coincided with the FTX-driven crash, making it more relevant. We can distinguish an almost perfect symmetry between ETH's peaks and troughs, and the 145-days low-to-low cycle can also be observed as measured from high to high. There has been a 133-day high-to-high cycle since the start of the year. This means that every 133 days, we can expect the ETH price to make a high as measured from the previous high. If we project the 133-day cycle from the most recent high (August 14), we can expect the next cyclical high to develop on December 25.
COINBASE:ETHUSD
by cryptohopper
This Logarithmic Chart Shows Fantom at Key IntersectionThe weekly Fantom (FTM) chart exposes a massive logarithmic channel that shows the FTM price at a key intersection between the bottom of the channel and a multi-year support level. An analysis of the FTM price action behavior within the logarithmic channel may reveal its next move. FTM Logarithmic Channel Long term, the FTM price remains locked in a logarithmic ascending channel. By connecting the previous peaks and bottoms, we can outline a clear ascending channel that shows potential future directions of FTM price. In the short-term, FTM is already bouncing off the bottom of the channel. The bottom of the channel also aligns with a multi-year support zone between $0.15 and $0.16, which adds more confluence to this price area. FTM Bullish/Bearish Cycles The channel’s middle boundary played a major role in delimiting FTM’s bullish and bearish cycles. When the FTM price broke below the middle of the channel, we entered a bearish cycle. We can also note an almost perfect symmetry between the length of the bullish cycle and the length of the bearish cycles. On average, FTM price has experienced a 60 week cycle. If we project the same 60-week cycle into the future, we can expect FTM price to break the middle of the logarithmic channel by mid-2023, which would also be the start of the next bullish cycle. RSI Oscillator The Relative Strength Index (RSI) has the tendency to call the breakout of the middle channel in advance. A break above the 50 midpoint can potentially signal that the bottom is set in place. Looking forward: The first resistance level comes near $0.42 level followed by the $1.0 big psychological level.
BINANCE:FTMUSD
by cryptohopper
1
CHZUSDT - SHORT - BEARISH DIVERGENCEHello Hello Trader , Please if you like the ideas , don't forget to support them with likes and comments. Thank you very much. Here we go , I want to tell you about the CHZ-USDT hidden bearish dívergence. On this chart , We can see, while the price is going down, the RSI is moving up. This is called bearish divergence. So it's likely for the price to continue going lower on a short-term basis. All further details are shown on the chart. Goodluck!
Short
by vf_investment
10
#AUDCAD potential long term selling opportunitytake a look at where price currently is sitting on and the long term resistive cluster around price... price at the moment is testing a bearish weekly channel resistance line and also at weekly high which means if the downtrend in weekly scale wants to resume price cannot close above this high. although that price can whipsaw above it but it can't close above it. for taking a position depends on the kind of a trader you are say risk averse or risk seeking you may enter now or wait for a more and clear confirmation in lower timeframe. and perhaps waiting to see a shift in market structure or chart pattern formations. Also we can see a bearish divergence between price and RSI indicator in Daily time frame.
Short
by mohemati
RUN Solar Stock Uptrending from earningsRUN is benefiting from the federal incentives policies. As shown on the chart Price has risen 48% since the earnings report which was quite favorable. It is consistently above the Ichimoku cloud and is now in a consolidation. I see this as a good swing-long setup with the stop loss under the cloud or instead wait for a pullback. The target would be $37 at the swing high in mid September or when relative strength hits 80 and shows a bearish trend.
NASDAQ:RUNLong
by AwesomeAvani
Everything I've learned about the RSI BINANCE:BTCUSDT In this post, I'll make an attempt to share everything I've learned over the Relative Strength Index (RSI) Over the past 24 months. Nothing described in this post is financial advice, it's just me, sharing thoughts and ideas with you. nb: this post is more suited for traders and investors that are already educated about the RSI Indicators. A brief introduction about the indicator itself : The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate whether it's better to buy, sell, or wait. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. The RSI is probably the most used oscillator in finance nowadays, by both retail traders and institutions, hence meaning that when used well , it can be used as a great edge to profitability. RSI popular uses : - An asset is usually considered overbought when the RSI is above 70 and oversold when it is below 30. - The RSI can give us insights on a potential trend's loss of momentum or validity when the price pivots levels are diverging with the RSI indicator (hidden and regular divergences) - The most popular RSI length is 14 periods. My findings 1. Overbought and oversold: myth or reality? RSI's 30 and 70 levels never proved themselves to be a strong enough edge for me to be used as a standalone signal for trade entries. As an example, just look at the irregularity of the results you would get when using just these zones : My take on it is that as a price oscillator when it crosses into extremes, it simply means price momentum is at extreme levels. To me it's basically like a mountain cyclist in the middle of a race: he might very well go faster and higher, however, the quicker and higher he goes the more unlikely he is to keep up with that speed. Eventually, he might either decrease its speed or even go backward. What does this tell us ? The RSI 30 and 70 levels seem to be better used when used as timing indicators. For example, the 70 and 30 levels could be used as a filter for a trader to eliminate market noise when using a trend reversal strategy (mean-reversion). For trend traders, the levels could be used to timing signals where they'll start looking for price to do a pullback (consolidation) to get in the trend. My experience using the 30 and 70 levels as exit signals however has been better (when it comes to using it as the only signal for a trade exit). Say you are long on BTCUSD, in profit, and you get an RSI closure above 70. Well, in that case, you could exit 50% of your position and wait for the oscillator to cross down the 70 levels to exit the rest (as the overbought and oversold zones are rarely a defining factor for trend reversals and corrections). 2. Divergences in the overbought and oversold zones : The lower the time frame you are trading on is, the higher the noise when it comes to divergences, especially with volatile assets such as BTCUSD. So you might want to filter out most of the ones you see to only take the best ones. On the 15M and 5M timeframes, on BTCUSD, I find that on average about 1/3 of the divergences I see play out. However, we are not expected to take every divergence we see. Here's what has helped me get better results with divergences : - When approaching supply and demand zones, especially the higher timeframe ones, we might want to be more aggressive with the divergences we enter into. As the hit rate is not always amazing, the R:R is usually much better, and if the trade works out, it might give you great results which accounts for the low win rate. - If you want to increase your win rate, I also find that going for higher timeframes is usually better when it comes to divergences. - Take only divergences where RSI divergence's first pivot point is over 70 or under 30. Ideally, you don't want the noise to go below 60, or above 40, so that your trade has the necessary momentum to play out. - For extra confirmation, wait for a break of the noise level to enter the trade. - Regular and hidden divergences play hand in hand creating a form of momentum equilibrium. Hidden divergences always create regular divergences and vice versa. Hence a hidden divergence can be considered an early pullback warning to get in a bigger-picture trend. - Regular divergences tend to play out better than hidden divergences. This is especially true when the volume is decreasing, or after a longer period of consolidation when volatility has been contracting and might be about to expand soon. - Regular divergences in strong trends can be both a disaster and a treat. "The trend is your friend". This saying is especially true here. However, 2-3 drives of regular divergences are a great indication of a potential reversal, with enough confirmation factors to produce (often time) a great entry. - The angle of the trend line between divergences pivot points, both on the price chart and the RSI, can be a good indication of the severity of the divergence occurring. - The ideal lookback period for detecting divergences for me has proved to be between 5 and 28 bars. (Below 5 bars is not enough to confirm a true pivot point for me and above 28 bars has probably already played out in past price movements). - Like all edges, using a divergence strategy always produces better results when used in confluence with other signals. I find the best confluences happen when divergences occur: alongside a stochastic cross, near medium-slow moving averages, near horizontal supply and demand zones, alongside volatility expansion, when the volume is decreasing (meaning market makes are in disagreement with the move occurring), near Bollinger bands 2.5 to 3 standard deviations (period 20). - Convergence between your timeframes and higher timeframes is key to understanding how to better choose your trades. Try to play the big divergences but enter smaller timeframes divergences. - When you lose a divergence trade, don't get disappointed. Jump back in because often time, and price will need to do several divergences before getting in your desired direction (however, be careful not to jump in tilt mod. Know your win rate and R:R and keep your money management serious. You'll get blown out if you start tilting on this, especially if you trade reversals with divergences, as it's difficult to get the right timing every time). 3. RSI as a trend filter? - I've found that in trending markets, when RSI's Exponential Moving Average (EMA) crosses above the 50 line, it's an indication of an uptrend and vice versa. However, this is less effective in ranging markets as there's more noise, hence more invalid crosses. - I've found that in trending markets when the RSI line crosses above the EMA (I use a 12 period), it's an indication of an uptrend and vice versa. However, this is less effective in ranging markets as there's more noise, hence more invalid crosses. - As an indication of the trend's direction, I don't find any value in using bullish and bearish control zones. The only use I can find them is when using them for divergence levels filters. This is the end of the first post of this 2 parts series. There's just so much more you can discover about this indicator that it simply cannot be constricted to a few lines of writing. However, you are welcome to take a few of my findings and go test them out using replay and backtesting. See for yourself, and find your balance. Most of my learnings have been made through screentime, trial, and error, backtesting, mistakes, and research. Have a good day, Arthur Girard
Education
by arthurgirard15
HINDUSTAN UNILEVER ANALYSIS!!i want to say a lot of things in this idea. so i will take it step by step, and be with me till the end of it. first lets talk about the trend lines: TREND LINES: the blue lines: are the trend been followed by the stock past from the corona crash. the major black lines is the new trend which should be followed by the stock. this is because, the 2020 crash gave a boost to markets, and even many other sectors got benefitted from it. HUL is the market leader, and do takes a good position in NIFTY 50, the fmcg sector has a good future(said by many analysts), the sector is forming and be gonna great in coming future. HUL will support the above statement. the trend is drawn by the markets consolidation, and major points of resistance and support. the red lines drawn are just crucious level to watch when to buy/sell considering only short term swing trading. yup, more can be drawn, but i found out those as much more crusious the major green line is the support taken by the stock, after the FII selling been stopped and markets started to recover, and make the stock come back to its new trend. 2nd step: FIBBONACI RETRACEMENT: recently the stock came down and stopped at 0.5 level. and now it is followed by going upside, with a green candle. this week will be a could positive reaction of the stock. offcourse in the month of DEC, i am positive too. (fibonnaci is taken from the lowest point of 2020 crash till, the ATH of stock). 3. RSI INDICATOR. do note in the weekly chart of this stock, the RSI have mostly ranged from 45-75. currently its around 50, so this increases a lot of chance that HUL is undervalued. FINAL POINT: i could still more add more indicators, to show, but not to consider over analysis, or say not make my idea so lengthy. its obvious more this 3 points(stated above), that HUL is a great to buy at this level. one could earn about 20% from the swing trade, and about 40% return annually.
NSE:HINDUNILVRLong
by raghavchoudhary2016
BTC bullish megaphone pattern with double bottom +RSI breakoutHi dear community. I'm looking at weekly timeframe. As you see there is a huge megaphone bullish chart pattern on BTC chart, its target I published on my previous analyses. I think the recent dump to 15.5K is a fake breakdown/bear trap/ with double bottom + RSI bullish divergence like 2021 November top, which was a false breakout/bull trap/ with double top+ RSI bear div. So I think the real bottom was at 17.5K in June like the real top in 2021 April. I'm considering that BTC has succeeded to break RSI diagonal trendline and now It is making a retest, I think it will hold and send BTC to 28-30K. On chart you can find my explanation why I think RSI diagonal resistance has broken.
BITSTAMP:BTCUSDLong
by ergal91
1
NIFTY50 SMALL CORRECTION AHEAD!!US recession over(analysis in link section). MANY FII BUYING AND DII SELLING ARE COMING IN THE MARKET!! In previous days, markets where net rising only, but still we could see a lot of selling, from DII side. many FII are steping in. and due to gap ups, the markets are closing in positives. we could see the M AND W pattern are completed, anf there could now be a small correction since, RSI indicator is also in overbought zone. paths are drawn, and then we could again see a rise in markets during end week of this month. if you want to take some new positions in market, do wait for the market to go a little below, then start entering in the markets.
NSE:NIFTYShort
by raghavchoudhary2016
📈✌ETH 30Min Long Position: Risky✌📉BINANCE:ETHUSDT COINBASE:ETHUSD Hi traders, first take a look at my previous analysis and positions. between now and the determined level, you can open long position in one or two steps. 🐱‍🏍 If the price rises and reaches the TP1 level, you can risk-free the position. TP1-2-3-4-5-6 are on the chart. The optimum stop-loss is below the determined levels. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Long
by CrazyS
4
$ETH - Following the similar PATTERN to Dig Down !Hello my Fellow TraderZ, If you see $ETH #ETHEREUM - it is similarly like the last time when the price got rejected by the Downward TL. If the Rising TL (RED ARROW) breaks, expecting the price to test atleast the support level of $1420-1370. This move likely be supported by the Bearish Divergence formed on RSI on 4 HTF. This is looking obvious also because after breaking the level recently price never came back to retest the level. So this pullback could be Positive also. Invalidation level - breaking of $1650. CHEERS!!!
by TRADER-GOKU
1
USD/CAD near-term top in place?USD/CAD appears to have completed a bearish Head and Shoulders (H&S) top. Negative RSI divergence bolsters the case for a downturn. The broadly anti-USD response to October's #NFP report may have triggered a breakdown through the H&S pattern's neckline. The measured-move downside objective implied by the setup calls for a test of the 1.30 figure. Clearing resistance at 1.3877 and reclaiming a foothold above the 1.40 figure would probably neutralize selling pressure.
Short
by IlyaSpivak
1