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Stochastic RSI (STOCH RSI)

Using RSI and Stoch RSI IndicatorsHello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- The use of indicators has value in the sense that it provides objective information. However, since the indicator is lagging behind (slower change) than the price and trading volume, care must be taken when using it. To compensate for these shortcomings, support and resistance points are marked. The RSI and Stoch RSI indicators are used to indicate support and resistance points, and to indicate oversold and overbought zones. The oversold and overbought sections of the RSI indicator in the price chart are selected as the Close value of the price. The oversold section and overbought section of the RSI indicator in the Long/Short-S indicator were selected as the Close value of the Heikin Ashi candle. - Support and resistance points using RSI indicators are indicated by RSI 80 and RSI 20 indicators. - Support and resistance points using the Stoch RSI indicator are indicated as Low and High indicators. - In the Long/Short-S indicator, the Stoch RSI indicator was made to be displayed as the middle value of the K and D values. In addition, the oversold section and the overbought section were made to be displayed, and a line was displayed to determine the strength of the ups and downs. If it breaks out of the oversold zone and starts to rise, then falls without going up to the overbought zone, it means that the upside is weak. Conversely, if it breaks out of the overbought zone and starts to fall and then rises without falling into the oversold zone, it means that the bearish force is weak. - When the RSI and Stoch RSI indicators move out of the overbought zone, it is highly likely to lead to a strong decline. RSI Indicator, Stoch When the RSI indicator moves out of the oversold zone, it is highly likely to lead to a strong uptrend. I believe the support and resistance point indicators are weaker than the OBV, -100, +100, HA-Low and HA-High indicators. However, I think the RSI and Stoch RSI indicators indicate meaningful support and resistance points because they mark the part that corresponds to the end of the wave. Therefore, I think it can be used as a branch of split trading. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
Global Commodity Price Index versus SPXCommodities are basic good used in commerce of primary origin, produced on a large scale and used as raw materials by various economic agents. Examples are soy, corn, cotton, meat, oil, natural gas, wood and water. They are classified, according to their origin, into agricultural, livestock, mineral and environmental. Its main function is the supply of raw materials for the production of industrialized goods. Its commercialization works, according to the international market, through negotiations carried out on stock exchanges. They are of paramount importance for the supply of primary goods for the functioning of society. (Mundo Educação - UOL) This index represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars. (fred.stlouisfed.org) This index is at an all-time high, due to the high cost of energy and the world apocalyptic scenario. The Stochastic RSI on the monthly chart is about to cross downwards. Allied to this, the correlation with SPX is decreasing, which could indicate an important moment. Historically, when these two technical events happened (stochastic crossing down and correlation falling), there was a sharp drop in SPX. This can be seen in the red circles.
FRED:PALLFNFINDEXQShort
by andre_007
$COMP $COMPUSDT Large Inverse Fibonacci + Wedge-breakout coming?Like with most charts, I like to zoom all the way out to the monthly to see the larger picture at play. Here, it looks to be like there is a large inverse fibonacci retracement happening, in which the price has already hit the 227 extension. Combined with this, it looks as if the price has fallen within this large wedge, of which the month of July broke out of. Also, the price is squarely resting on the all time point of control. Lastly, the stoch rsi on the month is extremely flat and crossed. It looks to me as if the price is due for a move up! I do see a tiny fibonacci on the smaller time frames (an inverse one), that could result in the price dropping further from here. It just would seem unlikely to me though, given everything else I've mentioned that the chart has going in favor of a bullish scenario. That said, BTC to me looks as if it's got a bit of dropping left, and that could possibly affect the price trying to squeeze out any last bit of dropping possible.
Long
by UnknownUnicorn1935796
Buy signal on weekly chart for $MSGEMadison Square Gardens Entertainment has upcoming earnings on August 19th. With the data provided by AXP travel & entertainment spending are up as spending has shifted from goods to experiences, entertainment, and services. This is exemplified in what retailers are reporting. And I think this will be positive for MSGE. Currently, the middle and upper classes are doing fairly well while the lower class is suffering from the regressive tax of inflation, which is unfortunate. Those with disposable income and better economic situations are more likely to be MSGE customers boding for a good quarter and less risk from demand destruction. MSGE is trading above its 52-week lows at 0.5629 its book value, providing tremendous value and a good risk-reward ratio. Its EBITDA and EBIT have gone from negative previously to positive in the past two quarters. Gross profit has turned positive for the past 4 quarters and net income has been improving over the past 3 quarters. Anytime the K% crosses the D% on the Stoch RSI around the level of 1.73, MSGE goes for a decent rally. If you average the two past rallies (MSGE has a short trading history) from the week the bullish Stoch RSI cross happened to a relative peak, it's a 59.47% move that could be implied over the next 6-12 months. It has significant resistance at the $68.06 level. It recently broke out through a downtrend line that started in mid-April. It is still in a downtrend, but it seems the prudent thing to do would be to create 1/3 to 1/4 of a full position in the stock now and buy the next tranche upon a higher low or higher high. I have a price target of $81 on it by the end of the year. That's roughly 40% upside from here. The highest PT on the street for MSGE is $100, the lowest is $63, and the average is $82.83.
NYSE:MSGELong
by EBITDAtiger
Dow Jones: either up or downThe index is at the 21.4% Fibo retracement (March 23, 2020 retracement to the last top). In the inverse retracement from January 3, 2022 to June 13, 2022, the price seems to have corrected in the region of 38.2%. And it is in a bullish channel which in this context can be called a bearish flag. The Stochastic RSI is retesting a resistance for the third time. What to expect In a bullish scenario, it is necessary for the price to fall at most to halfway through the channel, and remain above the 21.4% major retracement. If it breaks the 38.2% inverse retracement, it will at least test the next 50% retracement. Now, if it stays in the lower half of the channel, there is a higher probability of going all the way to the 38.2% retracement.
DJ:DJI
by andre_007
Bitcoin macro analysis (BTC/USD Index)Hello how are you? On the long-term chart BTC follows a bullish channel. It looks like he is testing the 38% Fibonacci retracement. I placed the retracement considering the bottom of March 9, 2020 and the top of March 08, 2021. Why did I consider these dates? Explanation below. BTC/USD indexed on Nasdaq As Nasdaq is strongly correlated with BTC lately, I analyzed in a separate chart the price of BTC indexed on the NDX. Also on the same bull channel: As we can see, we have the last bottom on March 9, 2020 and the last top on March 08, 2021. Then, tracing the Fibonacci retracement by joining these dates, we saw that the price corrected until the 50% correction Maybe test again? I don't know. Fibonacci Channel Reached -50% retraction. Stochastic RSI, RSI and 100-month smoothed exponential moving average On the monthly chart the price is in a theoretically cheap region, rarely seen. On the RSI, the indicator broke the historic low. And the stochastic RSI is still pointing down. When it starts to turn upwards it will be a good sign. Another interesting sign is the 100-month regularized exponential moving average, as circled. On-chain data The volume of BTC on the network indicates important points. In the yellow circles, where we had high volume on the Bitcoin network, this foreshadowed a strong swing in price, both up and down. The percent of circulating supply that has not moved in at least 1 year This indicator appears to be reversing downwards, which indicates that the circulating supply that has been idle for at least 1 year is starting to move. We can see an inverse relationship as shown by the arrows. Drawdown In the past there was a drop of 87%, 80% and 82% approximately. Now we're down 70%. Have already fixed everything, or will you test that red diagonal channel, correcting 74% or more? Stable coins dominance (dollar strength in the crypto market) The dominance of the three main stable coins (USDT, USDC and DAI) has an inverse correlation to BTC. When it goes up, the price of BTC goes down, and vice versa. We have a bullish channel on the stable coin dominance chart, and when dominance reaches the top channel, it is usually a great buy signal, as shown in green circles. Dollar dominance in the traditional market Tested 50% Fibo retracement. Hope this helps.
INDEX:BTCUSDLong
by andre_007
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
Long various alt coins soonHello everyone, I am seeing a potential buy signal on Ethereum and similar alt coins coming up soon (within the next couple of days if not now). I am a purely technical analyst. I believe all the possible news and rumors that all the traders in the world have heard and acted on are already priced in the market. So to me reading what the market is telling me is like reading ALL the news, without reading any! Though I do enjoy reading crypto news at times. Just remember the trading axiom to buy the rumor and sell the news. This was certainly the case for ADA and DOT last year! Anyway I have offered an explanation of my system. I will not give you an analysis that suggests it can go two ways. Those kinds of analyses are pointless in my opinion. How does that help? I am telling you the market is showing at least a short term bottom, and so it is time for me to jump in. In my previous analysis, I suggested a hard down move for bitcoin, possibly to 20k. But now that I am seeing this signal, I have changed my mind. The signals appear when they appear, and I heed them, regardless of what I speculated on prior. That is it for now. If you have any questions, please feel free to ask. Wishing you the best!
Long
by jbrelin
5
Closing the Week (1/14) Above The Trend Line with MA's Curled UpTrade at your own risk. My analysis is bullish. We've got a green week candle about to close above the trend line, the 100 & 200 day moving averages on the week chart about to cross, the Mac D & Stoch RSI on the week looking decent to pump, moving averages strongly curling & trapping on the month, similarly on the 3 month. My target would be 200 day moving average on the day chart (as it hit during last years run) or slightly lower due to the MA coming down sharply on the 3 month, right around $14.50.
NYSE:BBLong
by UnknownUnicorn1935796
action packed chart of COST; to the moon off earnings!Bullish inverse head and shoulders formation on the daily chart for Costco. Earnings around the corner with expectations of a huge beat. Costco has their membership fees/incentives to help protect margins as inflation becomes a factor in everything from supplies to freight. Earnings whispers are $2.44 a share with a consensus of at least $2.28/share. Stoch RSI compression repeated itself. The last time Stoch RSI compressed/consolidated right before earnings it went on a huge 18% run over the next 98 days, 27% over the next 186 days, and 22% by the next earnings report (196 days later). "History doesn't repeat itself but it often rhymes" I expect a similar breakout on earnings with this repeated pattern although price action has been terrible this earnings season even with beats & good guidance. COST could be the exception. Probably smartest to play it through options to risk less. www.earningswhispers.com
NASDAQ:COSTLong
by EBITDAtiger
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
THIS IS MY PREDICTION FOR THE NEXT 48 HOURS (drop to $9600)-Yurlo (Please give this post a thumbs up for the visuals i've created here) If all goes as planned we should drop to $9600 in the next 2 days & this is my call & I'll remain faithful to my TA and ignore the noise and and FOMO in the markets. $9950 will be tested again, and from there we will wick to $9600 before any "bull run to ATH's" can happen. So you guys think you'll be able to 100x leverage long "the bottom" at $10,200 all the way to new ATH's? I remember when I used to think that way. It cost me thousands in lessons, as why I'll remain patient and wait for the proper dip I'm looking for according to my TA. Enioy your little FOMO ride while it lasts. We'll see who has the last laugh in the next 24 hours though. $BTC Cheers.
COINBASE:BTCUSDShort
by Yurlo
5
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
☆ BTC / USD — Bitcoin Trading ☆Hello on the regular Bitcoin Update. Just before Monday btc price near resistance and in the wedge pattern inside Symmetrical Triangle. I am looking for good long entry here at breakout from triangle $9850, or at support of the triangle near $9000—$9200 On the chart you may notice Stochastic RSI and it's divergences inside Triangle Pattern and Wedges. So for taking profits I am looking at $10000 zone and above. As always I am calculating my risk and know what I can lose in each trade. Please follow your own money and risk management when considering using my trading ideas. Stay tuned, this is Artem Crypto
BITSTAMP:BTCUSD
by ArShevelev
27
LINK/USDT - time to take profit on your shortsPrevious short idea: LINK/USDT has retraced 30% without a proper bounce yet and is currently sitting close to the bottom of the uptrend channel and on the 4 hour 200 MA. We can see hidden bullish divergence on the RSI which usually indicates a good spot to re-enter in an uptrend. The LINK/BTC pair shows it right on the upper trend line of the previous uptrend channel and is very close to a previous point of resistance (36k-37k sats) which now acts as support. Bears seem to be too greedy right now so I expect a bounce soon, risk-reward is solid at this point. In the case of BTC shitting the bed it's likely that this trade will become invalid, consider exiting if 1-2 candles close below the uptrend. Buy zone: green area
Long
by Wolfy_
10