USDX has really fallen off a cliff this week & this lowering of the USD has been supportive of Gold & all at a time when Gold has been bided up a bit too much & making the Gold price overbought on the Stochastic's higher-time-frames. With USDX and the Gold-price having an inverse relationship, my chart shows just how much the USD has been oversold this week...
BTCUSDT has remarkably been respecting a slight megaphone chart pattern for nearly 6 months now since mid March 2024. It has respected the upper and lower trend lines of the pattern approximately 4 times each. Additionally, the rsi is also at the oversold bottom level. Technical chartists usually say that price action is most important of all the indicators, and...
BTCUSDT has remarkably been respecting a slight megaphone chart pattern for nearly 6 months now since mid March 2024. It has respected the upper and lower trend lines of the pattern approximately 4 times each. Additionally, the rsi is also at the oversold bottom level. Technical chartists usually say that price action is most important of all the indicators, and...
Forecasting some potential cup and handle formations for BTC using trend based fib extensions and trend based fib time. Assuming a .382 fib retracement, each handle assumes a local bottom at around a fib time line. Overheated oscillators provide some evidence that a short term pullback is in order before continuing BTC's bull run post-halving. If we get a...
After a cautious approach away from its ultra-easy monetary setting, the Bank of Japan bolstered its normalization efforts last week. Policymakers raised rates to around 0.25% after the March watershed exit from sub-zero levels, pointed to more moves ahead and also announced sizable reduction in bond purchases. This action signaled tightening resolve and also...
The Bank of Japan followed a cautious and slow path away from the ultra-loose monetary setting after abandoning the negative rates regime and the yields curve control, in the historic decision of March. But price pressures persisted, wages increased substantially after the spring negotiation and the Yen was further devalued, forcing officials to step up their...
GALA found a local bottom at $0.027 and printed a reversal candle on the daily chart. Additionally, the RSI and Stochastic Oscillator hit oversold levels. Moreover, the crypto token performed well during Bitcoin's dip yesterday. Therefore, it is likely that GALA will enter a bullish direction. The next resistance is $0.032, resulting in a 15%-16% profit...
The commodity has registered a notable pullback from last month’s record highs and has now moved below the pivotal EMA200 (black line) and 38.2% Fibonacci of this year’s advance. This pauses the bullish momentum and exposes Copper to the ascending trend line from the 2024 low and the daily Ichimoku Cloud. However, this region could contain the correction and...
OPEC and allies including Russia, have been implementing a series of supply reductions since late-2022, which have helped support oil prices and on Sunday they agreed to prolong those curbs . Around 3.66 million barrels (mbpd) of cuts that were due to expire at the end of the year were rolled over into 2025. The most recent tranche of 2.2 mbpd that would expire...
Consumer price pressures in Germany accelerated in April to 2.4% y/y, which marked the first uptick since December. Eurozone inflation meanwhile persisted at the same level (May preliminary due on Friday), while wages in the region increased in the first quarter. This has created some worries around the disinflation process and the central bank’s prospects for...
RSI Strategy with EMA and VWMA Conditions Objective This trading strategy leverages the Relative Strength Index (RSI) in combination with the Exponential Moving Average (EMA) and the Volume Weighted Moving Average (VWMA) to identify potential buy and sell signals for trading cryptocurrencies on the Cryptohopper platform. How it works: Buy Signal: A buy signal...
Hi Guys. So i am always on the lookout for Macro trend setups, signs and opportunities. I believe ROKU is potentially in a position to take a nice swing. This analysis is on 1 day. Notice we have reached a Sloping Support trendline from December 2022. We've had 2 touches previous that resulted in bounces. Trendline theory states trendlines can stay intact for...
Hello Everyone 🙋🏽♂️ Triangle pattern + RSI Signal 💲 Entry Point : 143.571 🟢 TP 151.922 🔴 SL 139.473 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and...
Hi Guys. As usual always on the lookout for Macro trend setups, signs and opportunities. PARA seems to be in a position of low risk trade setup. We have made it to a Historical Support level, where interactions here normally leads to bounces upward. Please note however that previous history does not mean it is 100% probable that it will repeat. HOwever, being...
SMH has gone on a wonderful tear the last year and has recently showing signs that it is way overbought and due for a correction. From a 1W period we see that SMH has broken above year long upward trend. This is a first for SMH to do over the last year The ETF has gone through some notable contractions like from Aug - Oct of 2023. This occured without...
hellow fellows, ankr will go to 0.09$ very soon. please understand Rsi: last time we saw big uprise, the Rsi was up, but still continue in that position for at least one month. according to that, we are up now in the Rsi, but we will continue growing up until lets say 0.15$>
NASDAQ:TLRY is approaching a resistance range and is at the top of a W pattern. It's rsi is also overbought above the 70 level. Volume is also trending upwards and has reached the level where the previous volume high (and price trend reversal) was. The trading opportunity is around the 3 scenarios shown in the chart, with, due to the technical indicators...
NYSE:SMR is approaching a potential entry point for the start of a DCA strategy for a long term hold. SUMMARY Wait to see where the price moves. Using a combination of RSI reaching 30 and the price falling to (with a 3 day filter) around $4 or if the price continues to fall then around $2 (another 3 day filter at this level too), begin entry with a DCA...