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Rsiresistance

YFIUSDT Swing Low| Local S/R| Volume Climax| Price Action Evening Traders, Today’s Analysis – YFIUSDT- establishing a swing low, a higher low will increase the probability of a local trend change. Points to consider, - Impulse Price Action - Local S/R Support - Structural S/R Resistance - RSI Resistance - Volume Climax YFIUSDT’s immediate price action has been impulsive with increasing volume. A bullish directional bias will come to fruition with a valid hold and respect of the Local S/R. Structural S/R is current resistance; price is likely to have a bearish reaction upon first test. Breaking this key level will coincide with a confirmed trend change. The RSI is testing its key 50-mid point; breaching above is a sign of strength as momentum shifts in the market. There is a valid volume climax node marking a temporary bottom, volume follow through will coincide with the direction of the trend. Overall, in my opinion, respecting Local S/R is a valid long with defined risk. Price action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, “Trading mastery is a state of complete acceptance of probability, not a state of fight it.” ― Yvan Byeajee
Long
by AzizKhanZamani
2
EOS One More Low Before Liftoff!!EOS appears to be forming an ABCDE correction (when the correction forms a triangle or wedge pattern) in the shape of a falling wedge. Each wave of the ABCDE correction should have 3 subwaves, which are labeled ABC. However, there is an exception to the ABC wave structure, and that is when we get an complex correction. For instance, in wave B, after the first ABC subwaves, the price tried to drop, but failed. Instead, it needed some more time to correct in the form of a WXY. Note here that since Wave B is a correction within a correction, the price actually goes up. Wave E has not been completed, and we can expect another at the falling wedge support line. In addition, the RSI seems to confirm my analysis as EOS cannot seem to break the 44 to 63 resistance zone. If my analysis is wrong, and the correction is indeed over, I would like to see the RSI close above 65 and the price breach $10 with VOLUME before I buy. Regardless, I believe the corrections are almost over. We need to take a step back and look at the bigger picture to see how high the price could go! We have yet to complete the 3rd primary wave, which usually is the strongest and biggest wave! Entry: $4-$6 Conservative Target: $23 Expected Target: $35 Aggressive Target: $41 Stop: $3 Time Frame: Up to 6 months
BITFINEX:EOSUSDShort
by aoeuaoeu
3
BTC/EUR - Daily - Technical analysisHello everyone, Actually waiitng for a bounce or breakout of the chart support and for a breakout of the RSI resistance to go long, however, the moving average 25 and Bollinger bands 35 wants us to go short. If 2600 EUR support is broken, i'll go short until 2100 EUR. -- Signals : - Very low RSI (like two months before, should wait for the breakout) - MA 25 and BB 35 bearishly close. - 2600 EUR resistance is important. -- Have a good day, and trade safe ! The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
by Javatar