In this chart I use the RSI (Relative Strength Index), as an indicator of crypto overselling or overbuying. It’s a indicator used in technical analysis. In general, it helps to establish if the tittle has buying or selling pressure over the trading period. On the charts, trending line is between the upper and lower line. When the trend line cross them, it...
During basic trading exercises, on patterns identification, I found a symmetrical triangle in RCNBTC Huboi, from May 27th 21:30 to June 1th 20:00. On the chart I drew the base from the peak to the base and the height of the triangle to the breakout point. Volatility and volume decreases with time.
During basic trading exercises I identified a bullish trendline in Nano vs Dollar, Crypto. It ocurred from March 25th to April 21th.
In this GBPCHF pair of Forex, long sideway or rectangle pattern I identify numerous touches in the support lines. This lines indicate the highest and lower stocks prices (average) during the timeline of this pattern.
In this falling wedge that occurred from April 18th to 22th 2019, we can appreciate two converging trend lines (their slopes are against the prevalent bullish trend line).
As part of basic trading exercises, I could identify an ascending triangle in a bullish trend-line. The highest price in this triangle remain similar, as the lowest increases. The volume also decreases as it gets closer to breakout point
Created by John Bollinger, this three lines allow us to visualize a “security” zone, generated by the average of closing prices. Some traders believe that if the prices move to the upper line, means that those shares are overbought. If the line of prices move to the lower line, then the shares are oversold. Using Bollinger bands properly isn’t easy as that, why?...
As an exercise of basic trading, I could identify double bottom pattern in Esteé Lauder Company Inc' shares. As we can see, after the double bottom, shares continued in a bullish trend line until May 16th.
As part of trading basic exercises, I could identify a reversion bullish shoulder-head-shoulder pattern in General Dinamycs shares.
As an exercise of basic trading, I identified in HASBRO shares (last 3 months) a bearish trend line, specifically in March. The trend line is drawn from March 19th to March 22th. However, if you can see the charts for 1 year, you can see it's the lowest point after December in a bullish trend line.