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Rsi_oversold

ETH; Ten Red Weekly Candles! What's Happening?Hello Traders! CTDave here again with another daily price analysis chart. Today I will be analyzing ETH. Ethereum printed its 10 red weekly candle. What's happening? Ethereum is currently in a downward channel and it has witnessed a record of 10 red weekly candles. The red and green areas are areas of support and resistance. The blue arrow indicates my opinion on the price move of ETH. RSI also shows almost oversold and based on my past experience, the RSI indicator usually retraces slightly after hitting the bottom before going down even lower. And then after that, the price should go up. So the thick blue arrow is how I think the price will go. Thanks for reading! As always, I encourage everyone to please like, comment, and share my ideas, and follow me for more of these posts to be kept updated. Happy trading! Thank you! Note: I am not a financial advisor, please do not trade solely based on my trading decisions. Do your own research or consult a professional financial advisor before conducting a trade.
Long
by CTDave
15
RSI & Fib analysis on LunaLast time the daily RSI was this low was late May 2021 when we retraced to 0.786 of the prior run, finding support here until going on an epic 2000% run over 10 months. Following yesterday's red candle we've bounced off the 0.786 fib of the retracement from said run, which coincides with a trend line I've had drawn in since this time last year. Reversing the first fib shows we reached just above the 5.272 at it's peak. Doing the same on the latest fib gives us a target of $614! Short term I expect a bounce to around $50. Will be keeping a close eye to see if we hold .786 and form bullish divergence
Long
by SlumberJack92
$VOYG - Bottom in for Voyager? - 1W - call order placed.$VOYG has taken an absolute beating since the all time high about this time last year. Claiming a loss in December 2021 saved me on my taxes, lol. Obviously the price follows bitcoin...the recent FA for this company is brutal as well. Looking at the weekly time frame. I see opportunity here. RSI looks set to reverse. Ten bearish candles counted...usually not more than 10-13 before reversal. A bullish engulfing candlestick pattern to end the week would favour bulls. Potentially finding support here. Call Limit order placed: 5.11 stop: 3.59 tp_01: 8.30 alternatively, next fractal below is 1.46 Don't margin trade. GL. Go well.
VLong
by saburdometals
RSI Signalling Riot Blockchain Oversold. Earnings Incoming!> Riot Blockchain has been dragged down by the greater tech market sell off. Bitcoin is still holding up. Considering the correlation Riot has to Bitcoin's price, this provides upwards momentum. > The Nasdaq is falling into daily and weekly Oversold RSI levels. This increases the likely hood of a bounce in equities, suggesting upward momentum in Riot. Earning season is in full swing with many earning releases due in May, including Riot's May 16th release. Fingers crossed that aggressive expansion plans will not damage their earning results too starkly. > Still awaiting the Crypto Miner FOMO. Likely to repeat when Wall Street and Retail, look for the highest return potential. >>> Market thoughts: > Check out "Game of Trades" on YouTube for some interesting market takes. Especially promising charts and correlations to consider in your Market outlook. > 2 year bond yield looks like it topping, signalling return to SOME risk taking.
NASDAQ:RIOTLong
by FortunaAlgoAnalytics
Fibonacci and momentum analysisThe chart above shows the Fibonacci and momentum analysis in the Bitcoin historical chart. As can be seen, the market bottom in the RSI and the wave_trend are determined by the entry of these oscillators into the oversold zone. In cycles 1 and 2, it is observed that bitcoin is squeezed above the 0.382 Fibonacci ratio after reaching ATH, and creating a descending triangle pattern. After the triangle pattern breakdown, BTC has dropped to 0.146 Fibonacci. In the third cycle, the price is squeezing above 0.5 Fibonacci. Therefore, in case of breakdown, we may see less drop than cycles 1 and 2. therefore a drop to 0.236 or 0.382 Fibonacci may occur (Based on the trend based Fib Extention, 0.236 seems more likely)
BITSTAMP:BTCUSD
by cryptoonchain
2
Automated Trading with Trailing Take Profit and Scaling ExitsAutomated Trading on Tradingview can be challenging. But with some strategies employing smart trading techniques, you can find your way to a reliable setup. There are many aspects of automated trading I've employed and studied. Those are as follows: Trailing Take Profits: Allowing a trade to surpass the original profit target if the price continues in your favor, followed by an offset value. Stop On Close: Waiting for a trade to close a bar below your stop loss before exiting a trade. Scaling Exits: Exiting a partial position at a set limit price between the entry and final take profit target. More info available on the chart.
Education
by PrismBot
1
Separate Buy Signals for Tempur SealyBased on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on February 18, 2022 with a closing price of 37.08. If this instance is successful, that means the stock should rise to at least 37.42 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 6.508% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 11.562% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 19.856% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.5% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 13 trading bars; half occur within 29 trading bars, and one-quarter require at least 37 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:TPXLong
by StockSignaler
Bitcoin 3 Hour Section with the Inclusion of the RSI FinallySo in short, price has hit a barrier on the RSI portion of the trend. Originally, as seen on the bottom of the chart, price has been steadily dropping due to a long downtrend. I am not sure how heavy the drop will be but I will say that the RSI is correct due to price leaving the Bollinger bands too. For those who do not know, the Bollinger bands are essentially the path price follows. Usually when price leaves the bands and breaks free, two things can happen which is price can going to skyrocket or immediately plummet back down so it can reenter and join the wavey patterned flow. Presently, it has shot back down into the bands but it did not travel to far due to the recent high volume candle. Also, on the 4 hour variant, there is still a high volume buyer candle in play so, let's see how this plays out.
by Cordali
Bitcoin showing Bullish Divergence on weekly chart. On weekly charts BTC is sowing a bullish Divergence. Btc recently rebounded from over sold zone in RSI on daily charts. With this divergence, it seems that BTC could show a bullish rally with next target to be last swing high of $50900. Keeping in mide Feds hawkish stance and current rally in Dollar index and 10 Year bond yield, this could be a false alert but im keeping my hopes up and believe that BTC could rally again in coming weeks.
COINBASE:BTCUSDLong
by GhostXNir
DXY / WEEKLY LONG / RSI DIVERGENCE, FALLING WEDGE + B/BUTTERFLY This has lined up perfectly, as beautiful as clock work. We've seen this very similar set up back in early January of 2018 which was the spark that caused the highs of March 2020. I've posted a trail of posts leading to this point & I finally believe that we have found bottom and will see up from here. This is in a falling triangle which began building from March. The bullish RSI divergence indicates that we should be seeing some long work which should lead to a break up out of the triangle and on to the profit targets indicated using the harmonic butterfly. This also falls in well with my opinion that the stock markets are due a correction very soon which usually gives rise in the DXY. Like anything in this world, it's not as obvious as it seems. Sometimes everything you now indicates TRUTH, but a lot of the time it's not the case. STAY CAUTIOUS! Wish you all a Merry Christmas! Stay away from the news & enjoy the remainder of what has been a eye opening year.
TVC:DXYLong
by SkyTrees