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Relative Strength Index (RSI)

PG Proctor & Gamble Swing Long or InvestPG ( think soap, cleanser, laundry detergent toilet paper) is a stock that pays no attention to market noise, In analysis terms, it is a low or no beta stock. On a busy chart, the price is curently at the confluence of the SMA 50 21 and 9 averages also sitting at the long-term VWAP anchored a couple of earnings ago. It is also in the center of the high volume area on the longterm profile. Earnings are steady and consistent typical of a reliable but slow-mover. The rising MACD lines and the RSI piercing through its Ichimoto cloud serve to further confirm that PG is in a confluence sweet spot. I see this as a good spot to dollar cost average into a holding of 100 shares to be used to sell monthly options for income or alternatively purchase a call option contract at a strike of about $10 below current price with DTE of 150-200 to make for a stable contract avoiding the market fluctuations.
NYSE:PGLong
by AwesomeAvani
Bitcoin Tops 200-wk AverageBitcoin has broken above the 200-wk price average near $25k and is now testing $28k. The current price candle is yellow indicating extreme bullish trend behind price. The lower momentum indicator is still flipping bullish with green signal line rising above the 0 level, still waiting for the purple base line to rise above the 0 level for increased bullish trend signal. The lower trend indicator show the green RSI line breaking out of its tight trading range between the 50-60 level, and is now above 60 and rising which indicates a healthy bullish trend behind price. Overall, Bitcoin is still looking good for continued gains, and on a weekly basis, hasn't looked this strong since traders were taking price up to $70k during the Covid bubble. Current resistance level to watch now is the $28-$30k range, and the current support to watch for on any pullback is the $25k level. $25k was previous resistance and in technical analysis that means it should now become a support level. Today is Friday so I bought again this morning. Filled at $26.6k and new cost average is now $19.7k.
BITSTAMP:BTCUSDLong
by PrepForProfit
1
Bitcoin 200wk avg Resistance at $25k-ish$25k has been the hard top in Bitcoin recently, with a nice floor being put in at $20k. $20k price support stems from the high set during the crypto bubble in 2017/18 and has historical value. $25k price resistance is coming in the form of the 200-wk average, an average that Bitcoin has never closed below let alone trended below before in the chartable price history going back to 2011. Price being below the 200wk average is also historically significant. The lower indicators are trying to turn bullish: -The PPO is close to a bullish cross above the 0 level, just waiting on the purple base line to join the green signal line above 0. -The TDI is showing the green RSI line in a tight range between the 50-60 level, just keeps bouncing off each one these past few weeks. A move above 60 would be bullish and what we want to see as more bullish price confirmation. $20k is the support level to watch in price, a failure to hold there would likely mean a re-test of $15.5k. $25k is the resistance level to watch in price, a successful breach above there would likely mean a test of $30k next. No trading for me, just stacking Bitcoin weekly since September when price first fell back down to $20k. I will continue to buy weekly as long as I can keep my cost average below $30k.
BITSTAMP:BTCUSDLong
by PrepForProfit
5
GBPAUDHi GBPAUD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Long
by HamidRamezani1992
1
MATICUSDT Daily S/R| Psfp| .618| Price Action Evening Traders, Today’s analysis – MATICUSDT- rejecting from a key level, a bearish retest will allow for a short, Points to consider, - Price action impulsive - Daily S/R Resistance - .618 Fibaoncci Confluence - Rotataional Range MATICUSDT’s immediate price action is trading at an area of resistance that has technical confluence with the .618 Fibonacci and Daily S/R, allowing for a bearish bias. Price action breaking the current local order block will increase the probability of a deeper pullback. The immediate objective is the lower Daily S/R support, how price action reacts here will dictate the overall trend. Overall, ub my opening, MATICUSDT is a valid short with defined risk, price action is to be used upon discrtrtion/ management. Hope this analysis helps Thank you for following my work And remember, Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
MShort
by AzizKhanZamani
Bitcoin on the daily pt.4We have a pivotal moment For BTC, we had a change of character (CHoCH) as well as a break below the diagonal supporting trendline in favour of the bears. With a new Lower Low below the 1D 200EMA needing a reaction off the oversold RSI to stop its decent towards the final target I initially had planned and has shown since the first post on this. A strong reaction brings us back up to the underside of that previous support and now testing resistance. BTC needs to accept over 24k in order to regain any short term hope of bullish continuation. If not, I fear we're setting up to go lower.
INDEX:BTCUSDShort
by ProR35
2
How to interpret charts from indicators (trading strategy)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- Please understand that the 'Vol & Trend' and 'Strength' sub-indicators are a synthesis of existing indicators, and cannot be disclosed because they have been judged to be unsuitable for publishing as public scripts. ---------------------------------------- It is not easy to see and interpret all the indicators displayed on the chart. Therefore, it should be viewed and interpreted as the most critical interpretation method. The first thing to look at is the position of the MS-Signal (M-Signal on the 1D chart), HA-Low, HA-High, M-Signal indicators on the 1W and 1M charts. The most important of these is the location of the MS-Signal (M-Signal on the 1D chart) indicator and price. The price is currently located below the MS-Signal indicator, indicating a downtrend. To add one more thing to this, you can also check the relationship with the M-Signal indicator on the 1W and 1M charts. Since the price is located below the M-Signal indicator on the 1W chart and 1M chart, it can be interpreted as a downtrend from a mid- to long-term perspective. Therefore, you can see that the chart as a whole is starting to enter a downtrend. In order to trade in this situation, you need to check the location of the HA-Low and HA-High indicators. Currently, the HA-Low indicator is rising and is about to be created. Therefore, if today's candlestick closes around now, we would expect the HA-Low indicator to form at 21552.44. Therefore, it becomes important whether it can rise above 21552.44. Since the M-Signal indicator on the 1W chart is passing around 21552.44, whether it can rise above 21552.44 has become an important question. If the HA-Low indicator is created at 21552.44 and fails to rise above 21552.44, there is a possibility of renewing the previous low, so you need to think about countermeasures. If support is received at the 21552.44 point, it is likely to touch the vicinity of the MS-signal (M-Signal on the 1D chart) indicator. At this time, if you succeed in breaking through the MS-signal (M-Signal on the 1D chart) indicator, the possibility of rising to the vicinity of the HA-High indicator increases. When the candle is formed today, the body of Heikin Ashi is showing a bullish sign. Therefore, even if the price fails to rise, if the price remains above the Heikin Ashi body, it can be interpreted that there is a high probability of a rise around 21552.44. At this time, you need to check whether it is supported or resisted at the point 21552.44. As such, indicators on price charts represent trends and support and resistance roles, making it the most intuitive way to anticipate future movements. To support this, 'Vol & Trend' and 'Strength' auxiliary indicators are utilized. This auxiliary indicator strengthens the interpretation of the price chart indicators by providing additional evidence when the movements of the price chart indicators are judged ambiguous. The 'Vol & Trend' sub-indicator is an indicator related to trading volume. Therefore, you can check the buy strength and sell strength according to the movement of trading volume. You can also check whether the volume is trending up or down. The 'Strength' sub-indicator consists of the Stoch, StochRSI, RSI and CCI indicators. The most important of these are the StochRSI indicator and the RSI indicator. The RSI indicator is an indicator that is related to the HA-Low and HA-High indicators. Therefore, it is not directly interpretable. However, it is paired with the Stoch indicator and used as a basis for determining an upward trend or a downward trend. It is currently looking to switch from a downtrend to an uptrend. The StochRSI indicator is used to predict periods of volatility. In addition, it is used as a basis for determining whether the trend will change to an uptrend or a downtrend in the future due to the change in the wave. The current downtrend has turned to an uptrend, and it appears to be coming out of the oversold zone. The CCI indicator is used as a basis for judging whether there is an upward trend or a downward trend. However, it shows a trend that is more than short-term. All of these indicators are scored as uptrend, stationary, and downtrend to make an overall judgment. 'Vol & Trend' indicator Stationary : 1 Downtrend: 1 'Strength' indicator Uptrend: 1 Matching: 2 Downtrend: 1 It is a situation where the basis for judgment of the sub-indicators is not needed, as all indicators that are near the current price chart are located below the price. If it starts to show stationary or sideways movements near the price chart, then with the help of the indicators, you will be able to use it as a basis for judgment. Someone said it's a chart with all the indicators, yes, that's right. However, it is not always possible to see all indicators. You only need to report it when necessary and use it as a basis for judgment. We do not think of additional interpretation methods for each indicator other than the interpretation methods described above. You should pay attention to this. By combining support and resistance points here, you can create a trading strategy. No matter how you analyze the chart, analysis ends its role with analysis. To trade, you need to create a trading strategy based on chart analysis and correlation with support and resistance points so you can start trading. However, when it comes to most chart analysis, there is a tendency to ignore trading strategies. If you ignore your trading strategy, you will most likely not be able to find the right way to respond if the movement comes out in the opposite direction you thought. Therefore, both chart analysis and trading strategy are important, but you need to do chart analysis to create a trading strategy. If you forget about this and invest all your time and effort into chart analysis, you will end up with a higher chance of failing trades when you run out of time to craft your trading strategy right. Therefore, chart analysis should be completed in the quickest way to give you plenty of time to create your trading strategy. To do so, it is urgently necessary to make efforts to predict movements beyond the current one, rather than looking at the charts based on past movements and past patterns. ----------------------------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
INDEX:BTCUSD
by readCrypto
4
The Hidden Negative Divergence of BTCWe have already broken rising trends and channels in a short time range. It seems to have strengthened the effect of MR.Powell's explanations in the fundemental analysis section in the fundemental analysis section, which we have been exposed to in recent weeks and the negative incompatibility of the daily period and the price of the daily period and the relative power index. As if it were not enough, there has been an obvious hidden negative incompatibility in terms of price and relative power index choice during the weekly time interval. I think that the decline will last up to $ 18.500 and we can start to focus on the $ 12-14K band depending on the reaction it will receive or get from those.
Short
by the6ylal
LCID Lucid Cup and Handle Short then LongFSR has formed the cup of the cup and handle pattern and is now starting the downturn formation of the handle. Price action should continue down to the 50% retracement of the uptrend of the cup. It should then reverse and trend upward to twice the height of the cup/ AO /MACD / RSI confirm the downtrend. I will target this with the $8.50 strike put options expiring 3/10 and then upon hitting the full retracement close than position and open $9.50 call options expiring 3/17. Overall, expecting 200-300% realized profit on the trades. Not at all a surprise but FSR / Fisker has the same pattern and so a similar idea.
NASDAQ:LCID
by AwesomeAvani
3
ETHUSDT POC| .618 Fibonacci| Price Action| Trend Today’s analysis – ETHUSDT – trading at a very pivot where a bullish expansion is probable, Points to consider, - Price Action Corrective - POC Support - .618 Fibonacci Pocket Support - Daily S/R Support ETHUSDT’s immediate price action is trading at a key support region that is in confluence with the .618 Fibonacci, POC, and the Daily S/R – allowing for a bullish bias. The immediate objective is the Monthly S/R, exceeding this region will lead to a trend continuation Overall, in my opinion, ETHUSDT is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, A given skill is mastered only when consistently performed under intense pressure. If this isn’t the case, keep working on this skill until it’s proven to consistently show up under pressure. – The Mental Game of Poker
Long
by AzizKhanZamani
1