On the chart we can see the price is currently overbought. As we can see all the three indicators are suggesting the overbought condition. So this can be a short-term oppurtunity to get some profit if this plays out. The indicators used are Bollinger Bands, RSI, Stochastic. See all the details on the chart. Goodluck!
IOTA’s (MIOTA) weekly stochastic flipped bullish for the first time since August 2021. The bullish stochastic crossover and the above-20 reading may be positive for the cryptocurrency, but there is a hidden alerting pattern that may hint at a bull trap. IOTA Stochastic Indicator A stochastic crossover signal emerged on the IOTA weekly chart. However, the bullish...
If you have been invested in healthcare stocks or ETF's you may want to take profits between now and the end of October. I am keeping an eye on this chart for some good trades. It is a low volume stock with very low options volume, so be very selective with your entry time/place and your option price. Daily trading ranges can be large or small, so give extra...
Look at the daily candle for 13Sep and you would have no idea that U.S. markets tanked on the same day. This is relative strength, and it shows in today's price action as well (see smaller timeframes). There is a recent inverse H&S pattern, shown by the peach zigzag arrow. In order to move higher, buyers must move price over 304-305 (volume shelf) and then...
Beast Trading _ Today's Bitcoin Analysis Before the CPI announcement yesterday, Bitcoin continued to renew its high point, showing a strong rise. However, the CPI announcement was above and the source Cpi was twice as high as expected, resulting in a strong fall Coincidentally, after rebounding to the edge of the downward trend line from 69k, that's exactly...
I had issues publishing my markup on the 5 minute so yall could exactly see what i was trying to get at, but this will do anyways. So im interested in buying at my line marked orange. If you notice, my stoch indicator is really spread apart because its showing me the price for 1 hour which helps me better than having two charts on one screen. So anyways, the stoch...
Double Inverted Head & Shoulders Patterns on top of bullish divergence followed by hidden bullish divergence(continuation of recent trend) and bouncing off important support levels and golden pocket says SPX is going to new ATH.
While I usually use candle charts, sometimes I switch to line charts for better perspective. On the weekly you can see: * resistance at 50sma ~298.40, price is there * white down trend line is ~308-310 * price already reversed from 50ma, tested 20sma, and put in a big upward move this week (reason for caution on puts) Look at the yellow circle on RSI (14 day)....
Markup based solely off of 4hr time frame. Marked up a couple zones that looked like good areas of structure due to where price has been previously. Also, marked up a possible channel pattern. Will be considering jumping to the lower timeframe to look for good areas to buy at. Confluences would be: stochastic, candlesticks, and bottom of channel.
Ethereum (ETH) printed a widely followed bullish signal on its daily chart that calls for more upside ahead. This technical pattern can signal a shift in market sentiment from bearish to bullish, and we're likely to experience higher prices. ETH Golden Cross The golden cross is a moving average crossover strategy triggered when the 50-day simple moving average...
Entry point for BTC based on momentum reversing out of the bear market. For those trading on confirmation and solid risk reward ratios. Find a safe bottom, not necessarily the lowest price. Strategy 1. The major buy signal comes when the first Heikin Ashi 1M closes green. (This was once printed in June 2014. But a high RSI would falsify the signal trigger) 2....
Structure: - H4 downstrend - D divergence playing effect and break of prev daily low - W stochs crossed down showing support to overall bias 1. Div - m30 /m5/ m3 (3) 2. stoch cross downs - M45, H1, H2 (3) 3. MA bounces - H3/H4 (2) Enter with pending stops below prev higher low (HL) to be safe and go for a simple 1:3 or 1:4. Note to self: >= 5 confluences to have...
Structure: - H4 uptrend - D candles broke all previous highs and showing momentum - W stochs crossed up to show support to buy set ups along the way 1. Div - m3/m5 (2) 2. stoch cross ups - M45, H1, H2 (3) 3. MA bounces - M15, M30, H2 (3) Enter with pending stops above prev lower high (LH) to be safe and go for a simple 1:3 or 1:4. Note to self: >= 5...
Hi investors and traders, BNB/BTC setup looking good for an ATH. To support this idea check my previous BTC/USD which is shows the bottom was in. At least for short term. Oscillators looking good. Forming a bullish pattern with good probability to break out. Price action above 21 EMA on 2 weeks which is so powerful. Correlated with BTC dominance price, DXY chart,...
Looking at the VET/USD 1 week chart we can see that VET is in a massive Falling Wedge Pattern. A Falling Wedge Pattern is potentially a Bullish Reversal Pattern. Note that the APEX of the Falling Wedge Pattern is located around the end of October 2023. A weekly candle CLOSE BELOW the Lower Converging Trend-line can easily invalidate this pattern as we saw with the...
Just some larp lines based on stoch direction and RSI div. Will they play out?! Let's find out!
AVGO has returned to its post-March 2020 point of control. Stepping down a time frame to the daily chart, we can see a cluster of Dojis. Combined with volume falling under the 50day average, MACD crossing its signal, and Stoch recovering from oversold shows hesitation in the selloff. An aggressive trade would be to enter now, while a more conservative entry...
As with most stocks, INTC has been in a bearish trend beginning this year. Recently it has entered into a neat downward channel. Following the last test of the channel upper bound (denoted by the blue flag), a substantial decline occurred. This decline ended with a volume spike against the lower bound. The last test of the lower bound (denoted by the green flag)...