Seeing this on the ATOM 1h chart: moving down price may bounce off the 200MA and/or the Volume POC (point of control), have a brief leg up then retrace to the bullish Fib golden zone. So as far as trade setups I am considering, looking for the current leg down to reverse. 1. Enter a LONG, take a small profit. 2. Enter SHORT once price confirms through the 200MA...
BTC on H4 (4-hour chart) formed a short-term rising trendline, bearish upon break of trend, which it did. Providing additional confluence was the MetaWorld Crypto indicator suite Advanced RSI indicator, which showed RSI at top of RSI Bollinger Band (potential overbought condition). Stochastic RSI also showed above 90 with K crossing D downwards. Entered short...
Although I exited the trade (fear, was uncomfortable with potential reversal of bearish momentum, see linked Idea), setup is proving valid as the price continues to move downwards with wicks reaching down the 9/21-10/19/22 Fixed Range Volume Profile. Note how the Advanced RSI indicator provided Advanced Oversold DOTS multiple times(see 10/18/22 11:00am) when the...
Hypothesis: pharmaceutical company price depressed due to conflict between management and investor, price artificially low due to FUD. Confluence on W1 charts: 1. Price near ATL and 2020 support levels (year of IPO), see Early 2020 Support, and 2020 Support Levels. 2. Advanced RSI in oversold band with three Regular Divergence -Bullish signals 3. Setups &...