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Stochasticrsi-overbought

DAL 46.64 ShortFundamental Analysis With Airlines getting business back up and running in a slow fashion, the Airline industry as a whole has to return back to profitability. However it looks like investor confidence is still not bullish, and DAL isn't an exception to this case. For the short-run, there is still a bearish outlook for the industry considering the consistent Covid variants causing havoc. Technical Analysis Price volatility since last year month-to-month. Price is in a downtrend at resistance level of 46.64. Widening channel with no breakout creating lower lows in the price without higher highs. This is a bearish trend in the near term. MACD is flat near the zero line. RSI level at 51.80. A breakout here can signal a potential upward momentum, however confirmation with a breakout at 46.46 is also needed. Stochastics showing mixed readings so it's not valid. Fibonacci retracements showing lows have retraced to 23.6 while resistance at 61.8 level has remained steady. Candlesticks showing that every time there has been a push to the upside, a doji star has confirmed a reversal on several occassions.
NYSE:DALShort
by ashpat86
13.8k or 7.8k? ~ DECISION TIME FOR BITCOIN IN THE NEXT WEEK -Yurlo Please SMASH the like button if you appreciate the visuals I've provided for you today 👍 I've got both scenarios CLEARLY painted for you guys (bullish and bearish bias) In the next week I'm sure we'll get a better understanding on the market direction and what's in store for the month of October. With the US elections coming up I wouldn't be surprised if the markets start to get VERY volatile. Today is Sunday, and this day specifically usually paints the picture for the markets and how they will look over the next week. Anything over 11k and I'm sure we'll see 11.2k - 11.4k Anything under 10.5k and I'm sure we'll see 9.8k- 10.3k Stoch RSI is suggesting possible overbought price action: will provide updates around today's daily close (8pm EST) Are you currently bullish or bearish for $BTC (Bitcoin) or any market really. Remember to stick to your trading plan unless your ideas get invalidated. Sticking to low leverage will allow your brain to function at a more logical level instead of getting sucked into the head games played by the markets. Proper sleep, eating well, and most importantly taking care of yourself will lead to a successful trading career. 90% of traders fail, don't be apart of that group. Learn how to outperform the market by finding your niche in the market, and what works for you.
BITFINEX:BTCUSDLong
by Yurlo
27
IOSTUSDT | S/R Flip | Volume Climax | .618 Fibonacci Todays analysis - IOSTUSDT – retracing after a strong breakthrough structural resistance. Points to consider: - S/R flip Re-test - Support confluence - 55 EMA – visual guide - Volume climax - Oscillators overextended IOST is likely to retrace back to structural resistance after a bullish pattern break, S/R flip needs to hold for a valid long trade. Structural support in confluence with .618 Fibonacci retracement further solidifies the true trade location. IOST trading above the 55 Exponential Moving Average, acting as a visual guide, price must hold on retest to support the bullish bias. Volume climax evident, indication of buyer exhaustion, temporary top may be in as price finds its equilibrium before another probable impulse move. Both, the RSI and Stochastics trading in overextended conditions, a retrace in price will allow oscillators to cool off, creating space for further bullish momentum. Overall, in my opinion, a long trade is validated on a successful S/R flip re-test. What are your thoughts? Let me know in the comments below! Be sure to leave a like and follow me for daily chart updates. As always - focus on you, and the money will too!
Long
by Kudiiee
Possible BTC recovery signs??BTCUSD : DAILY Are we seeing a the clouds clear up?? If we fill out all of these scenarios we may see some serious recovery happen over the next month as we approach the tip of this wedge. I am seeing a Head and Shoulders pattern possibly fill out here pending some ideal conditions: - Stoch RSI double bounce, cross, and separation due to oversold condition signaling bullish movement upward. - RSI staying above or bouncing off of 32 level and increasing strength into the bullish zone. - And most ideally, a MACD crossover as close to, if not on, the Zero line. I see this consistently, MASSIVE bullish movement after a MACD cross ON the zero line. Oooooofffff course....... it could very well break out below the wedge, but that's not a happy thought. Plus I prefer to make rockets on my charts, not missiles =) The price might bounce off of the $7510 resistance, but will likely hit the $6950 to $7000 range before it begins recovery, this is kissing the current trend line as well as a strong resistance intersection point. Assuming these conditions are met and the price doesn't jump off of a cliff, we need to see some consistent closes above previous resistance lines, and hopefully we will see a positive breakout of the wedge come end of March or beginning of April. However, if it drops below that trend line, the next identified support is at the $6100 to $6200 range. Fingers crossed that I will not have to reevaluate due to those conditions..... I seriously put a lot of work into my rocket. -Spreck Standard disclaimer: This is not financial advice, just ramblings of some dude that likes looking at, and drawing on graphs.
BITFINEX:BTCUSDLong
by spreck
3