Get started

Rsi_divergence

Shiba Inu Smart Money Divergence Calls for a Potential BottomShiba Inu (SHIB) suffered a deep correction of about 80% from its all-time high of $0.00008864. However, recent price action development signals a potential bottom and a trend reversal. Often, major swings (highs or lows) can emerge when an asset is diverging from a benchmark index that tracks the market's overall performance – in technical terms, this is called relative strength. Relative Strength Signal If we compare SHIB's price against the altcoin index ALTPERP, which tracks the altcoin average market performance, we can observe that Shiba Inu shows relative strength. To measure the relative strength, we can compare the highs and lows of the two assets. On the one hand, SHIB's price has printed a higher low, which shows a shift in the price structure while, at the same time, the altcoin index printed a lower low. This tells us that Shiba Inu is outperforming its peers within the altcoin market. We can't currently call a bottom based on the relative strength signal alone because the current bounce lacks momentum. However, if we study the RSI oscillator, we can tell that most RSI readings are below the 50 mid-level, so the bearish momentum still persists. For a reversal to happen, two major things need to happen: 1. The RSI needs to break above the 50 mid-level 2. SHIB's price needs to break above its 200-day simple moving average Looking forward: The first major resistance level comes around the $0.00002662 level. On the flip side, the support level comes at the big round number of $0.00002000.
by cryptohopper
BTC 29k - 30k Support Now is 36k - 37k!That 36k -37k Range proves to be as strong as 29k - 30k and maybe it's this support that has gone up. For the medium term we had a very strong breakout of the 39600 - 40k resistance where a good entry now would be after the bullish pivot forms with a retest in this region. - A conservative entry would be on the breakout of the previous candlestick's high on the retest. - Resistance at 42900 and fibo targets on the chart. - Heikin Ashi showed buying strength in several h4 candles from March 6th to today. We also had the escalation of bullish divergences smaller tfs up to h3 on the RSI with the confirmation made by MACD crossover. As I like to emphasize, monthly we are in a bull channel. Portugues... Esse Range de 36k -37k se mostra tão forte quanto 29k - 30k e talvez seja esse suporte que tenha subido. Para médio prazo tivemos um rompimento com muita força da resistência de 39600 - 40k onde uma boa entrada agora seria após o pivô de alta se formar com um reteste nessa região. - Uma entrada conservadora seria no rompimento da máxima do candle anterior no reteste. - Resistencia em 42900 e alvos de fibo no gráfico. - Heikin Ashi mostrou a força compradora em vários candles de h4 des do dia 6 de março até hoje. Tivemos tb a escalada de divergências bullish tfs menores até h3 no RSI com a confirmação feita por MACD crossover. Como gosto de frisar, mensal estamos num canal de alta.
by SilvinhaRosa
1
BTC Weekly Timeframe Analysis Chart - BTC on the weekly timeframe. Weekly is not the strongest macro timeframe. Sometimes proves false signals. Dragonfly / Gravestone Doji - Highlighted in the green are the dragon fly doji's (recent signal doesn't close until Sunday) - Highlighted in the red are the gravestone doji's - Arguably the strongest significant Japanese Candle Stick for trend reversals. Link: www.fxdayjob.com RSI: - Decreasing RSI + Increase in Price = Hidden Bullish Divergence - Increasing RSI + Decrease in Price = Hidden Bearish Divergence - Note that in summer of 2021 we had the same confluence in the chart. MacD: - Classic bullish divergence on the weekly. - Note that bigger timeframes (Monthly, 2 week) are bearish. Moving Averages: - 50 Day $47,000 - 200 Day $20,000 Analysis: - This is a high-risk trade b/c of current events. - Fed is set to have a meeting regarding equities in March. (Likely to be very negative) - I predict a further continuation rally here. May not bring us to ATH but, a recovery rally. - Most importantly, do your own research. Strive to be a better trader every day.
COINBASE:BTCUSDLong
by AthenticWhale1
XAUUSD - Bearish Reversal to AT LEAST $1878.00 (21/02/2022)OANDA:XAUUSD Hi I can sense a bearish reversal for XAUUSD. I have used smart money concepts (SMC) as well as retail trading logic into this trade. LOOK AT THE CHART FOR THE AMOUNT OF CONFLUENCES I HAVE FOR THIS REVERSAL. There are so many confluences in this trade that I cant be bothered to list them all here, so study my chart and learn. Have a good trading week! More analysis to come :) RISK DISCLAIMER: DO NOT TRADE THIS! I AM NOT A FINANCIAL ADVISER. THIS TRADE COULD POSSIBLY FAIL. YOU HAVE BEEN WARNED.
OANDA:XAUUSDShort
by edier654
Exit ADA LossBINANCE:ADAUSDT Hello dear friends I hope you have made the least loss in these red and unknown days of the market. Many people have bought the ADA in the range of $ 2 or higher, which today is priced in the range of $ 1. What to do?? In my opinion, ADA has made a good price correction compared to other cryptocurrencies and can return with a small correction. Friends who are at a loss can buy one step at $ 1 and the second step at 0.8. But for friends who want to get into ADA, there are two good entry points: 1: After breaking the downtrend line and pullback to it means stabilizing above $ 1.35 First goal: $ 1.9 B: At the $ 0.8 support point, the first target: $ 1, the second target: $ 1.4 and the third target: $ 1.9 Positive point: ADA in daily time frame is a very strong positive divergence in RSI. Negative point: BTC in a time frame of a month has a very strong negative divergence in RSI that can affect the whole market. Be profitable We are waiting for your questions :)
Long
by mehdikr93
SP500 historic crash?The SP500 doesn't look good. Many things are going on here: 1. The weekly candle closed below the resistance 2. Bearish divergence in short and long term with the RSI 3. It appears to be forming a HS pattern in the weekly timeframe. We will know for sure in a few weeks. 4. On top of that the FED announced the end of money "printing" by March. 5. Only the big cap stocks kept the SP500 going up. On the other hand there is bloodbath going on from months ago on growing stocks. Is just about days for the big cap stocks to join the bloody party.
TVC:SPXShort
by ArturoL
2
USDJPY - Weak Divergence + Potential H&S @ M Resistance - MTFA*** Trade at your own risk! *** *** Not every idea is also traded by us *** Hi Traders! In the following you'll see a Multiple Timeframe Analysis. It includes a screenshot and afterwards some bullet points. Monthly TF: - We had an Uptrend - Followed by an Triangle (Continuation) Pattern - The market broke out of the Trendline and made a bullish movement - Now, it reached the monthly Resistance - Down-Movement expected - Up movement in the Future is possible after the Down-Movement which would be the Pullback then --> Down-Movement expected Weekly TF: - We can see the Up-Movements with its higher Highs and higher Lows - It built some weekly Support Levels throughout its journey - Now reached the monthly Resistance - Down-Movement expected towards a Support (also possible to not reach any weekly supports. In this case it would turn the down-movement anywhere and would make a higher Low) --> Down-Movement expected Daily TF: - We here can see a potential Head & Shoulders Pattern --> Trend Change - We also see a weak bearish Divergence if we look at the RSI Oscillator --> Down-Movement expected H4-TF: - Trading Possibility: Wait for the next Pullback to enter H1 TF: - How can a Pullback occur? --> Potentiall when TL breaks If you have any questions, another POV or anything else to share, feel free to do so! Thanks and successful Trading :-)!
Short
by swissmoneymakers