Instruction: 1)The Relative Strength Index (RSI) shows that the asset is temporarily overbought/oversold, suggesting a possible trend reversal. 2)The Bollinger Bands indicator shows that the asset is currently in an upper/lower resistance/support zone. 3)The Stochastic Oscillator (Stoch) in forex helps identify buying and selling moments based on a comparison of...
Here is a closer look at this chart. BTC needs to turn the key Resistance area located around $32,157 - $28,682 into strong support. That’s it, quick n dirty. I hope this chart is helpful.
GBPJPY has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the...
What up guys and welcome to the coffee shop. I have a special little tool for you today to throw in your toolbox. This one is a freebie. This is the Stochastic RS-Heiken-Ashi "The Stocashi" This is the stochastic RSI built to look like Heikin-Ashi candles. a lot of people have trouble using the stochastic indicator because of its ability to look very choppy at its...
Confirm bearish divergence on RSI: Wait for a clear bearish divergence on the daily RSI chart for COIN . Watch for a break below the 50 EMA: Keep an eye on the price action and volume to confirm a break below the 50 EMA. Volume increasing as it breaks 53.66 could signal a stronger bearish move. Enter short position: Once the break below the 50 EMA is confirmed,...
The chart shows that the Trust Wallet Token(TWT) is in an oversold condition. The indicators used for identifying the oversold condition are the Bollinger Bands, the Relative Strength Index, and the Stochastics. They are all indicating that the condition is oversold and it is likely for a small bounce to the upside before continuing to the downside. All furter...
Anytime we are taking a trade we're trying to build a case to why it's a good trade. Here the counter-trend trader would be thinking: -Price inside 4hr DBR demand zone -Price overextended ridding the bottom of the BB for 10x candles in a row -Stochastic RSI is oversold -Imbalance, correction, imbalance, with potential correction time. Average Imbalance wave to...
Similar pattern to 23rd Sept 2021. Immediate-term confirmations from Stochastics, RSI, MACD. If trends repeats and continues, estimated time to profitability is 4 months ~ May 2023. Bearish engulfing candle gives a good confirmation of entry point at 110. Stop-Loss of 10%.
Similar pattern formation to Jul and Oct 2022. High Stoch and strength from a rising RSI can help boost the price over an estimated 3-month range. MACD at zero level cross. Good entry point. We want to see this MACD maintain well over the zero level along with an RSI maintained over 50. More peaks above 80 in Stochastics can help support the bullish...
MACD has been below zero level for past few days and volume profile is in the red. RSI struggling to stay above 50 level. Has broken below 20 level multiple times and not crossed 80 level over the past few days. This is a bearish sentiment. Stochastic has been below 20 level for the past few days and struggled to cross the 80 level. This shows price is biased more...
Hi everyone and Happy new years 2023 From Thailand. Wishing you happy and wealthy. Okay let talk about BTC, we surely BTC are in downtrend and now are sideway in downtrend after that no one know it will go to lower low or make reversal pattern but we can do trading by use Stochastic you see in Charts Stochastic quite affect in sideway, my advise is when...
Hello guys, a few days ago, I took a buy trade on #EURUSD🇪🇺🇺🇸; I will be thinking if closing the trade would be a good idea because the price has been ranging between intraday price zones. Friday is a bear day, like Wednesday and Thursday📉. This might result in a mini loss or gain. But buyers could still reverse from the range’s support 🤔📈 I will leave the trade open!
On the Philips chart (PHIA - 4h timeframe), We can see the price is currently oversold. The price is approaching a support area and is probably going to bounce off. Enter and leave the trade at the level defined on the chart. The three indicators used are Bollinger Bands, RSI, and Stochastics. All these three indicators are confirming the oversold...
The DXY is nearing a crossover 0 value on the Detrended Price Oscillator. Bull divergence is present on the DPO The Stochastic 34 fib lookback is oversold and refueled for launch. Stop loss/Trail stop either use DPO crossunder 0 value, DPO crossunder bull divergence support line, or use the (TS) support line on the price action chart. Good luck Excellent entry...
On the chart we can see the price is currently overbought. The three indicators are suggesting the price is in overbought condition and is likely to go down. This is a short-term setup and the profits could be taken at the target. The three indicators used are Bollinger Bands, RSI and Stochastic. See all further details on the chart. Goodluck!
Hello friends. This published idea is mostly for documentation but small signals of Exaggerated Divergence are seen in DXY. In addition, the Envelope RSI indicator and Stochastic have also given a bullish signal.
On the ETHUSD 4h timeframe chart we can see that on this day the price became oversold. When looking at the Bollinger Bands, RSI, and the stochastics we can see all the indicators are matching the criteria for being oversold. In our opinion the price will dropp a little bit lower today towards the support line. After this has happend you can take a short-term...
On the chart we can see the price is currently in oversold condition. As we can see all the three indicator are suggesting the oversold condition. So this can be an shortt-erm oppurtunity to get approximately 7% profit if this plays out. The indicators used are Bollinger Bands, RSI and Stochastics. See further details on the chart. Goodluck!