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Rsidivergence

ADA Analysis, Cup and handle pattern, RSI divergence Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Cardano (ADA) cryptocurrency surged by over 18% to set a new all-time high of $2.57.A Big Cup & Handle pattern emerged and broke out 3 days ago which explains the coin movement, The coin is having a very good Bullish movement which could be the start of a Bullish trend. Be careful from the Divergence that has been found between the RSI And the Market that could be a reversal sign and the price has a very good chance to drop down. The Market does seem to be Turning Bullish with this push and we can see 2 different scenarios on how the market could move in the next few days. Bullish Scenario : The Coin is at 2.742346 right now, if the Bulls kept supporting this trend then we will see the market hitting the first resistance line at 2.565357, Notice with the Bulls power right now they shouldn't have any problem breaking out the first line, But the real Battle starts at the next resistance level at 2.675435 where the Bears will try to gain control back over the market and if they fail then the price will keep going up reaching the 2.771431 range. Bearish Scenario : We spotted a Divergence between the RSI and the Market this could be a Reversal sign and if that would to happen then the current trend will change and the price will drop down and it's going to be on its way to the first Support line at 2.359283 where the Bulls will try to retake control over the market and if they fail then we could be seeing a bigger drop and the market will be headed near the support area at 2.263287 - 2.153209. Technical indicators showing : 1) The Market is above the 5 10 20 50 100 200 MA and EMA (Bullish sign) 2) The MACD is above the 0 line showing that the market is in a Bullish state, with a positive crossover between the MACD line and the Signal Line 3) The RSI is at 78.79 sitting in the overbought zone, With a divergence between the indicator and the market, which could be a reversal sign. Support & Resistance points : support Resistance 1) 2.359283 1) 2.565357 2) 2.263287 2) 2.675435 3) 2.153209 3) 2.771431 Fundamental point of view : it seems like the “Alonzo” upgrade has a significant impact on investor sentiment. The upgrade is about smart-contract features and addresses what critics have called one of the network’s most glaring deficiencies. For instance, smart contracts have been a revolutionary strength in the blockchain industry. This is because they have allowed the creation of Decentralized Finance protocols, non-fungible tokens (NFTs). Also, a new form of carrying out trades without the need for an agent. Cardano (ADA) is one of the projects that have gained momentum throughout 2021. But now that the project’s long-awaited smart contract abilities are on the verge of becoming reality, the crypto is on the hill of setting new all-time highs. According to Coinquora This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
KRAKEN:ADAUSDLong
by GabiDahduh
8
SPY reversal: Turning downtrendAs one can see in the chart, there is RSI divergence. This is a hint at a reversal in momentum. After the impulsive move towards 447 we are due for a pullback. I believe we should hit some support at 446 and experience a very small rise again (not to an ATH) before we experience a pullback through the support at 446 toward the support at 443. Once we hit support at 443 I believe we will see an impulse movement toward 446 in which we will reject it and start the downtrend where we have lower highs and lower lows. From here we may form a head and shoulders.
AMEX:SPY
by MathewPiedoux
3
Resume Bullrun 🐂 Historic Support 🟢 TP1 ✅ Go for TP2 🤔Resume Bullrun 🐂 Historic Support 🟢 TP1 ✅ Go for TP2 🤔 "History never repeats and always rhymes." - A TradingView trader whose name I forgot It's an extension of my previous idea. I hold my opinion on everything there and add a new viewpoint with this idea. ◀️ KEY POINTS: - Opportunity To Break All Bearish Channels At Once & Resume Bullrun (= Open New Bullish Channel) - Bears Are Vulnerable -- Saturday Bear Trap Was Successful -- Bears Are Tired: Multiple Bullish Divergences On RSI - Bulls Are Powerful -- Bulls Are Still Energetic: Higher Highs on RSI -- Historic Invincible Support Hit -- Smart Money Bought The Dip -- Psychologically Tempting Target: $40k -- Funding Rate Favors Longs -- Excellent RRR: 400% -- Every Time In History When BTC Hit This Support Then Hit $40k Within A Week -- Next Week Will Be Green --- Starts From Today 🌌 OUR SIDE: POSITION: Long LEVERAGE: x10 ENTRY: $32 000 STOP LOSS: Daily close below $29 900 and staying there for six hours TARGET: $40 000 $33 000 - $34 000 TP1 ✅ We Hold Our Position & Go For TP2: $40 000 - $42 000
BINANCE:BTCUSDLong
by Elysian_Mind
6
The RSI explained ! how to identify buy and sell signals Hello everyone , as we all know the market action discounts everything :) I have created this short video to explain what is the RSI and how to use it to identify buy and sell signals with this oscillator , everything you need to know about this indicator is right here. Its been around since the late 70s so its probably one of the more established oscillators out there . So lets check out the formula and how the RSI works : RS=100 -100/1-RS RS (relative strength) average X day up / average X day down So simply lets say we are using a 10 days average so we check how many days the price closed up and we add them and we divide by 10 which would give us the average X days up. And we do the same for the average X days down but we calculate how many days the price closed down and then we add them and divide by 10 ,And after all of that has been calculated we will always get a value between 0% and 100% And that's why the RSI is considered a bounded oscillator it means that the value will always be between 0 % and 100% The oscillator has 2 major zones which are the overbought and oversold zones. Anything above 70% is considered overbought and anything below 30% the market considered oversold . So when the market reaches overbought zone it tells us that the market has gone up to far and its due a bounce back down , and the same when it reaches oversold zone it means that the market has gone to far down and its due a bounce back up. So looking to buy or sell when the market reaches oversold and overbought is one strategy . But because the market moves a lot and reaches these levels so much this way is not as reliable that much , the better way to use the RSI is to check if it has a divergence with the market price. what is a divergence you may ask !!! A Divergence is when the price of the market is moving in the opposite direction of a technical indicator, such as an oscillator, Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction. These signals of divergences doesn’t happen that often but they do give us a better way to use the RSI . And there is it that’s everything you need to know about the RSI and how it works it’s a really simple oscillator and its one of the most popular oscillators used by technical analysts. _____________________________________________Make sure to Follow, Like & comment for more content_____________________________________________ If you have any questions please ask Thank you for reading & watching .
Education
by GabiDahduh
1
Bitcoin 2021: RSI divergence A bearish divergence is the pattern that occurs when the price reaches higher highs, while the technical indicator makes lower highs. Although there is a bullish attitude on the market, the discrepancy means that the momentum is slowing. Therefore it is likely that there will be a rapid decline in price. RSI divergence is primarily used to determine when it’s time to sell because prices are likely to drop or when a general trend reversal is in the cards. As a leading indicator of a trend reversal, divergence should be combined with other technical analysis methods when making the decision to act on a specific investment.
Short
by RNiedson
2