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Stochastic Oscillator

ACB RESPECTING TRENDLINE ! Hello Traders, Today’s chart will be on ACB – AURORA CANNABIS INC, respected trend line perfectly! Points to consider, - Trend overall bullish - Broke resistance, now potential support on re-test - EMA’s turning bullish - Stochastic showing upwards momentum - RSI broke its resistance - Volume starting to increase - Next local resistance areas are the .382 and .618 Fibonacci Zones ACB has perfectly respected the upwards trend line and has broken local resistance now turning potential support upon retest. The EMA’s have turned bullish upon this break signifying that further upwards is more probable. The RSI is quite bullish at given time too, it has broken its major resistance line thus has further upside potential; this will allow bulls to push price into next local resistant zone (.328 Fib). Furthermore, the stochastic's are showing upwards momentum, however it’s starting to look over extended, we may see it cool of, this will allow for price to retest support before heading back up… Volume is starting to pick up, very healthy in this break from resistance, we need to see the volume maintain a steady increase for this area... Bulls can potentially test next resistant zone at the .382 Fib, posting a gain of around 18.64%, if a break of this zone comes to fruition, then a test of .618 Fibonacci is probable, posting a 50.81% gain! What are your thoughts on ACB? Will bull have the momentum to push through local resistances? Please leave a like and comment And remember, “It’s not whether you’re right or wrong that’s important, it’s how much money you make when you’re right and how much you lose when you’re wrong.” – George Soros
ALong
by AzizKhanZamani
BTCUSD Important Resistance Area! Bears vs Bulls!Hello Traders! Update on BTC recent price movements from yesterday! Will bulls push though current resistance or will bears take over at this given point? Points to consider - Head and Shoulders pattern will be negated if bulls break resistance with volume - 4hr bullish divergence has held true! - Currently inside bars forming on 240 timeframe - Volume has dropped of drastically - RSI is in overbought territory - Stoch’s overextended on upwards momentum - Volume Climax - EMA’s yet to reach price BTC has had an impressive move upwards from strong local support; now currently testing an important resistant area. Bulls have the potential of pushing price over resistance thus totally negating the potential head and shoulders pattern. (Not a pretty Head and Shoulders one must say) The 4 hour bullish divergence gave bulls an edge to push price to resistance, however volume has drastically decreased since testing this area (currently forming inside bars, yet to break), bulls may be well be out of steam. The RSI is currently in overbought territory and needs to cool off on a technical point of view. The Stochastics’ is now turning, showing us possible downwards momentum being more likely. We are yet to see how price will react once the EMA’s come to fruition, it may hold support, but this would be weak as other indicators are looking quite bearish… What are your thoughts? Will price turn bearish from this resistance, or will it consolidate before bulls takeover again? Please leave a like and comment And remember, “You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
BYBIT:BTCUSD.PShort
by AzizKhanZamani
2
AIONBTC BOUNCE POTENTIAL 246%!!Hello Traders, As promised, a different chart everyday! Today’s chart will be on AIONBTC, a potential 246% bounce from major support! Points to consider - Testing major support - Stoch’s showing upwards momentum - RSI bouncing of support - Potential bullish Divergence - EMA’s acting as resistance - High Volume spikes - VPVR showing low volume of transaction after first resistance - .50 Fibonacci is a potential resistance area AIONBTC is worth watching as it has a high degree of probability to bounce from current support and retest resistances that where previous support, (S/R flip Retest). Price is currently testing major support, bulls need to show up otherwise we can witness major capitulation for this ALT coin. RSI has established a well uptrend, confirming a potential bullish divergence with price putting in Lower Highs. We also need to consider the EMA’s, which is currently giving price resistance, bulls need to show strength for EMA’s to turn bullish which is highly probable from this support zone. Overall the volume has increased, proving the significance of this zone, price could rally to second resistance zone, the .50 Fibonacci zone, posting a 246% gain! What are your thoughts? Will we see a bounce or head further down and capitulate? Please leave a like and comment And remember, “Trade the market in front of you, not the one you want!” – Scott Redler
ALong
by AzizKhanZamani
Interesting Note for #TBLTThis is only the 3rd time TBLT has had 3 consecutive days of Green Daily Candles since launch. If today holds, it will be the only time of having 4 consecutive days of Green. This is its best chance of full reversal back above $1. The MACD looks poised to go positive. The 50MA is .03 away. Not enough data to get a 200MA. STOCH-RSI looks good. Volume looks poised for a jump within the next 2-3 days. Taking a chance but too many positives to let this one pass.
T
by PatternTrader0807
1
forexTrdr EURNZD- TESTING RESISTANCE ON DYING VOLUMESMorning traders, Looking at a great short setup on Euro versus New Zealand Dollar on the recent move higher coming up against resistance dating back to early January at the same time as volumes are dying out- suggesting this rally up to the resistance level is running out of power to break any further higher. This coupled with multiple indicators showing overbought levels presents a great opportunity to place a high risk reward trade. Our chart on trading view shows the resistance level dating back to January, the RSI at overbought levels and stochastics at extreme levels near to 90. We are looking for a pullback to 1.68 area before a period of trending sideways then further weakness down to 1.67. Good luck trading from the Team at forexTrdr find us on instagram, twitter and Alexa flash briefings
Short
by forexTrdr
forexTrdr AUDNZD - SHORT INTO AUSSIE INFLATION DATAGood afternoon traders, Looking to position ahead of tonights Australian inflation data which we expect to come in below expectations of 1.5% (yoy) in a similar manner to the recent New Zealand data. Given the data driven nature of this trade we are trading with a tight stop loss just above the previous candle wick high on 17th April. Backing the entry of this trade is the long standing resistance around 1.07 that the market had turned lower from in the past few trading sessions in line with a declining buying volume which can be noted in our trading view chart work. We have taken a daily chart to highlight the turn over in stochastics as we look for the pair to head lower to 106 and potentially down to low 105 area should Aussie inflation disappoint overnight. Good luck trading from the Team at forexTrdr find us on instagram, twitter and Alexa flash briefings
Short
by forexTrdr
0.618 Fibonacci Retracement is keeping us down.Hello friends, I must apologize for my last post. I expected a dump at the 21 weekly moving average, but in the end it was a breakout to the upside. Still stuff like this is part of the game and we keep on trading to gain more than we lose. With the last pump you notice that Bitcoin stopped at an important level called the 0.618 Fibonacci Retracement. Besides that we are still overbought on the weekly Stoch RSI. For the time being we remain bearish. If bitcoin falls back and remains above the weekly 21 moving average we might see long opportunities for in the future. For now that's it. Much love, Nafasion
BITFINEX:BTCUSDShort
by Nafasion
[Signal] GBPUSD: Brexit Weakness PersistsGBPUSD Timeframe: 1D Direction: Short Confluences for Trade: - Bearish candle formations - Stochastic Overbought momentum - Price action near resistance trendline - Fundamentally, Brexit will be volatile. Will a weak vote push up the pound because it delays and may cause a second referendum? Or this will make UK's economy grow even weaker due to the constant delay of business growth from Brexit uncertainty. Suggested Trade: Entry @ Area of Interest 1.2800 - 1.2900 SL: 1.2959 TP: 1.2602 RR: Approx. 2.46 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
[Signal] EURUSD: Buying Momentum Picking UpEURUSD Timeframe: 1D Direction: Long Confluences for Trade: - Bearish momentum waning - Stochastic Oversold momentum turning - Price tried to break the Support Trendline but could not sustain itself below the trendline (Buying momentum gaining) - Price action at Horizontal Support Trendline and has bounced off against it - Please refer to previous post on EURUSD Inverted Head and Shoulders Suggested Trade: Buy EURUSD AOI: 1.1335 - 1.1465 SL: 1.1244 TP1: 1.1585 TP2: 1.1794 RR: Approx. 2.46 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
[Signal] EURCAD: Strength Likely from Multi SupportsEURCAD Timeframe: 1D Direction: Long Confluences for Trade: - Price action bouncing off Triangle support - Stochastic Oversold momentum - Wide EMA gap - There are alot of support trendlines below and can provide as a strong support - DXY has diverged from alot of other currency pair strengths Suggested Trade: Entry @ Area of Interest 1.4835 - 1.4990 SL: 1.4693 TP1: 1.5100 TP2: 1.5312 RR: Approx. 2.13 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
Bullish cross on Monthly Stoch. RSI >> End of bear market? A simple yet very powerful indicator could be the Monthly Stochastic RSI. We recently had a bullish cross on that indicator. Looking at the previous 2015 bear market, we see that once the Stochastic RSI hit the bottom, a bullish cross-over indicated the end of the bear market and beginning of accumulation/consolidation phase which went on for a few months. Even if this indicator shows a bearish cross again, it will be temporary and the BTC price will just attempt a double bottom at the $3.1k levels (we see almost the exact fractal in the previous bear market) In summary, I believe there is some good merit that this indicator (Monthly Stoch RSI) actually points to the official end of the bear market. #stochasticBullishMonthlyDivergence #HODL !
BITSTAMP:BTCUSD
by Leb_Crypto