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Relative Strength Index (RSI)

CRVUSDT Daily S/R| Psfp| .618 Fibonacci| Equal Highs Evening Traders, Today’s analysis – CRVUSDT – trading in a consolidation with a clear set of equal highs that are likely to get taken, Points to consider, - Price action impulsive - Daily S/R Support - .618 Fibaoncci Support - Equal Highs Objective CRVUSDT’s immidie price action is trading in a consolidation that will breaking in the coming days. A breaking down needs to hold at the current area of confluence, that is with, the Daily S/R, Psfp, and the .618 Fibaoncci, allowing for a bullish bias. The immediate objective is the Equal Highs, exveeding this level will lead to a larger rise Overall, in my opinion, CRVUSDT 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! “You create your own game in your mind based on your beliefs, intents, perception and rules.” ― Mark Douglas
Long
by AzizKhanZamani
4
🔥TOP FIVE INDICATORS FOR BEGINNERS🔥 📊ON-BALANCE VOLUME(OVB) IS: On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in the price.The theory behind OBV is based on the distinction between smart money – namely, institutional investors – and less sophisticated retail investors. As mutual funds and pension funds begin to buy into an issue that retail investors are selling, volume may increase even as the price remains relatively level. Eventually, volume drives the price upward. At that point, larger investors begin to sell, and smaller investors begin buying. 📊MOVING AVERAGE IS: A moving average helps cut down the amount of noise on a price chart. Look at the direction of the moving average to get a basic idea of which way the price is moving. If it is angled up, the price is moving up (or was recently) overall; angled down, and the price is moving down overall; moving sideways, and the price is likely in a range.A moving average can also act as support or resistance 📊RELATIVE STRENGTH INDEX IS: The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of the pair’s recent price changes to evaluate overvalued or undervalued conditions in the price of that pair. It can also indicate pairs that may be primed for a trend reversal or corrective pullback in price. It can signal when to buy and sell. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100Traditionally, an RSI reading of 70 or above indicates an overbought situation. A reading of 30 or below indicates an oversold condition. 📊BOLLINGER BANDS ARE: Bollinger Bands are a form of technical analysis that traders use to plot trend lines that are two standard deviations away from the simple moving average price of a security. The goal is to help a trader know when to enter or exit a position by identifying when an asset has been overbought or oversold. Bollinger Bands were designed by John Bollinger. Bollinger Bands help by signaling changes in volatility. For generally steady ranges of a security, such as many currency pairs, Bollinger Bands act as relatively clear signals for buying and selling 📊MOVING AVERAGE CONVERGENCE DIVERGENCE(MACD) IS: The concept behind the MACD is fairly straightforward. Essentially, it calculates the difference between an instrument's 26-day and 12-day exponential moving averages (EMA). In calculating their values, both moving averages use the closing prices of whatever period is measured. On the MACD chart, a nine-period EMA of the MACD itself is also plotted. This line is called the signal line, which acts as a trigger for buy and sell decisions. The MACD is considered the "faster" line because the points plotted move more than the signal line, which is regarded as the "slower" line. I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
11
ETHUSDT Monthly S/R| HTF .618 | Psfp | Price Action Evening Traders, Today’s analysis- ETHUSDT- trading at a key resistance zone where a rejection lower is possible, Points to consider, - Price action impulsive - Monthly S/R Resistance - HTF .618 Fiboancci Resistance - Sfp-entry area ETHUSDT’s immediate price action is trading in a zone that is considered resistance due to technical confluence such as the Monthly S/R, HTF .618 and Psfp, allowing for a bearish bias. The immediate objective will be the low Psfp, this is an area of resting liquidity this a magnet for price action. Overall, in my opinion, ETHUSDT is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
Short
by AzizKhanZamani
1
USDJPY Weekly S/R| VAL| Psfp| Price Action Evening Traders, Today’s analysis – USDJPY – trading at a key level of support where a bounce towards the highs is probable, Points to consider, - Price Action corrective - Daily S/R support - VAL Support - Channel low USDJPY’s immediate price action is trading towards an area that is in technical confluence with the .618 Fibonacci, Weekly S/R, VAL and the Psfp, allowing for a bullish bias. Breaking out of the current channel will signify a change in market structure, this will mean a new higher high. The immediate objective is the Daily S/R, exceeding this level will lead to high targets. Overall, in my opinion, USDJPY 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, Trading is mostly a waiting game. if you want action that happens on your own terms, you’re in the wrong field.
Long
by AzizKhanZamani
2
EURUSD POC/ Daily S/R| .618 Fibonacci| Price Action Evening Traders, Today’s Forex Analysis – EURUSD – trading directly at its VAH where a rejection is plausible, Points to consider, - Price action impulsive - POC S/R Support - Daily S/R Support - .618 Fibonacci Confluence - Psfp Confluence EURUSD’s immediate price action is rejection from its VAH, increasing the probability of a pull back into support confluence of the POC, Daily S/R, .618 Fibonacci and Psfp – allowing for a bullish bias. The immediate objective is the Daily S/R, exceeding this level will lead to a trend continuation and an establishment of a higher low. Overall, in my opinion, EURUSD 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, “Sometimes the best trade is no trade.” – Anonymous
Long
by AzizKhanZamani
2
SOLUSDT Bullish uptrend| Local PA Range| Daily S/R| .618 Evening Traders, Today’s analysis – SOLUSDT- trading in a defined range where an up-thrust into resistance is probable, Points to consider, - Price action impulsive - Daily S/R Support - .618 Fibonacci Support - MS Higher Low SOLUSDT’s immediate price action is impulsive, it is potentially establishing a higher low that is in confluence with the .618 Fibonacci, Daily S/R and the VAL, allowing for a bullish bias. The immediate market structure remains bullish, thus, there is a higher probability of price action testing resistance again. Overall, in my opinion, SOLUSDT 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, If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
Long
by AzizKhanZamani
4
GMTUSDT Daily S/R| .618 Fibonacci| Price Action| Trend Evening Traders, Today’s analysis – GMTUSDT- trading towards a clear support level where a bounce is probable, Points to consider, - Price Action Corrective - Daily S/R Support - .618 Fibonacci Support - Bullish Order Block GMTUSDT’s immediate price action is coming close towards a support level that is in technical confliuenc with a Daily S/R and the .618 Fiboancci, allowing for a bullih bias. The immediate objective is the Daily S/R Resistance, exceeding this level will lead to a bullish continuation. Overall, in my opinion, GMTUSDT 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, “When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.” ― Yvan Byeajee
Long
by AzizKhanZamani
5
Educational (divergence + volume)Hi guys, in order to spot a divergence you should be careful which timeframe you're looking at. for example in the left picture, the daily timeframe is showing higher highs in price (at each candle) and lower highs in RSI (at each candle). but note that these are not highs and lows and as long as you can't find signs of accumulation and distribution in highs and lows (as long as there's no valid consolidation) you can't name them as highs and lows. so there's no divergence. but in the lower time frame (what is shown is 4h) you can see it more clearer that for every candle in the daily time frame, you have a specific trend in the 4H timeframe. so you can name them as highs and lows and yes, there is a divergence now. also, keep in mind that in the lower timeframe. every time you're making a new high in rsi, you should expect it to be more volatile and be more sensitive in a way that in the next new rsi high, you have less time spent in the overbought area. The next part is about the volume profile. you have less resistance in front of the price movement where there is less volume traded in the past. BUT NOT ALWAYS! less trades made in the past in an area means two things: 1- you can expect the price to move faster and sharper and take less time in that area 2- if the price wants to make a low or high or a pattern, it's less predictable and there's more chance of wrong analysis and fake patterns. Feel free to leave any comments and ask questions!
Education
by Finnovin
SHIBUSDT Local Resistance| Daily S/R| Psfp| Trend Evening Traders, Today’s analysis – SHIBUSDT- trading at a local resistance area where a pullback will allow for a long, Points to consider, - Price action impulsive - Daily S/R Support - Range Low Support - Psfp Objective SHIBUSDT’s immediate price action is rejection from local resistance, allowing for a pullback into support confluence of a Daily S/R , Psfp and Range Low. Holding the pullback will mean a potential rotation back towards range high, the overall objective is the Psfp. Overall, in my opinion, SHIBUSDT is a valid long after a pull back with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work, And remember, “Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.” -Jesse Livermore
Long
by AzizKhanZamani
1
LUNAUSD H&S Pattern| Pullback| Int- Daily S/R| .618 Fib| PAEvening Traders, Today’s analysis, LUNAUSDT – trading in a trend that is potentially coming to an end, allowing for a pullback to long, Points to consider, - Price Action Impulsive - Potential Head and Shoulders - .618 Fibonacci Support - Int-Daily S/R Confluence - Higher Low Objective LUNUSD’s immediate price action is impulsive and is trading with a potential head and shoulders, hinting towards a correction for a test of the lower Int- Daly S/R. The lower level of support is in confluence with the .618 Fiboancci and the VAL of the current up-trend. Holding this level is critical for a bounce and the start of wave three. Overall, in my opinion, LUNAUSD 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, “All statistics have outliers. Money management, therefore, is key to the process of good trading.” ― Yvan Byeajee
Long
by AzizKhanZamani
1
BNBUSDT Daily S/R| Trading Range| Price Action| Trend Evening Traders, Today’s analysis – BNBUSDT – trading at a clear resistance where a rejection is plausible, Points to consider, - Price Action corrective - Daily S/R Resistance - Int Daily S/R Support ‘ - Pull back objective BNBUSDT’s immediate price action is trading at a resistance, that being a key Daily S/R level, this allows for a bullish bias. The immediate objective is the Int-daily S/R, rotating towards the lows will continue the overall range. Overall, in my opinion, BNBUSDT is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “The mind is a fascinating instrument that can make or break you.” ― yvan Byeajee
Short
by AzizKhanZamani
3
GALAUSD Monthly S/R| Higher Low Pull Back| .618 Fibaoncci|OBEvening Traders, Today’s second analysis – GALAUSDT- rejection from its Monthly S/R and is looking for a higher low, Points to consider, - Price action impulsive - .618 Fibaoncci Resistance - Order Block support - Key Swing Low GALAUSDT’s immidate price action has found resistance from its Monthly level that is in confluence with the .618 Fibonacci, allowing for a bearish bias. The immediate objective is the lower Bullish OB, this area has the .618 Fibonacci support and a key swing low Holding this area will allow for a potential higher low, and a long position Overall, in my opinion, GALAUSDT is a valid long after a pull back with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.” ― Yvan Byeajee
Long
by AzizKhanZamani
8
BTCUSDT Price $13,000, Channel Resistance| .786 Fibonacci| TrendEvening Traders, Today’s analysis – BTCUSDT- trading at a clear resistance level where a rejection is plausible, Poiints to consider, - Price action impulsive - Channel high resistance - Key swing high liquidity - Rotation lower BTCUSDT’s immediate price action is trading at a key inflection point that is in confluence with the channel high, liquidity point and the .786 Fibaoncci, this allows for a bearish bias. The immediate objective is the channel mid, exceeding this point will accelerate price action towards the lower support. Overall, in my opinion, BTCUSDT is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached... always keeping your eyes on the long-term picture.” ― Yvan Byeajee
Short
by AzizKhanZamani
13
DOTUSDT Monthly S/R| VAH| .786 Fib| Price Action Evening Traders, Today’s analysis – DOTUSDT – trading towards a key resistance where a rejection is plausible, Points to consider, - Price Action Impulsive - Monthly S/R Resistance - .786 Fibonacci Confluence - Daily S/R Objective DOTUSDT’s immediate price action is trading towards a clear resistance point that has technical confluence with the .786 Fibonacci, VAH and a Monthly S/R, allowing for a bearish bias. The immediate objective will be the Daily S/R support, exceeding this level will lead to a much deeper pull back. Overall, in my opinion, DOTUSDT is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember,
Short
by AzizKhanZamani
4
EGLDUSDT Impulsive PA| POC Resistance| Weekly S/R| Trend Evening Traders, Today’s analysis – EGLDUSD – trading towards an area f resistance where a rejection is plausible, Points to consider, - Price action corrective - POC Resistance - .786 Fibonacci Resistance - Weekly S/R Resistance EGLDUSD’s immediate price action is trading towards an area where there is technical confluence with the .786, POC, and two HTF levels, allowing fr a bearish bias. The immediate objective will be the lower Int-Daily S/R, testing this region will create a local trading range. Overall, in my opinion, EGLDUSDT is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “This lack of support is not simply an absence of encouragement. It can be as deep as the outright denial of some particular way in which we want to express ourselves.” ― Mark Douglas
Short
by AzizKhanZamani
2
Bitcoin(BTCUSD) - Overbought - DecreaseOn the chart of Bitcoin (BTCUSD) we can see an overbought condition on a daily timeframe. The three indicators used are the Bollinger Bands, Relative Strength Index and the Stochastics. All three indicators are indicating an overbought condition. The price is currently bouncing off a resistance strong resistance. In combination with the information from the indicators, it is likely for the price to decrease within the range until it finds support. See all further details on the chart. Good luck!
BITSTAMP:BTCUSDShort
by vf_investment
11
🅱️ (₿) The Real Meaning Of A Bitcoin "Overbought" Daily RSI...The real meaning of the RSI numbers going above 80 is "strong". The signal can be read as "strong" or "very strong". RSI = Relative Strength Index . Below a certain level we consider weak/oversold. Above a certain level we consider strong/overbought. It works with the trend. You need some context for the RSI. It can go to "overbought" and stay there for 6 months before dropping, as an example. But if you see an "strong/overbought" signal and new lower highs start to show up or some bearish candlestick, bearish patterns, etc. -context- then you can take the signal. Bitcoin can drop surely just as it can go up, but the RSI cannot be looked at on its own.

A good example can be seen by looking at the daily (D) RSI for Bitcoin (BTCUSD) around late October 2020. It went overbought while Bitcoin continued to rise through April 2021, almost six months. When Bitcoin peaked in April 2021, the highest price in its history at that time, the RSI was far from overbought... You need to use it with the trend to maximize the benefits of this indicator. Another example was the time between April and June 2019. Bitcoin goes overbought on the RSI and this precedes a bullish wave. Then again in November 2015 the RSI flashed very strong/overbought and Bitcoin went on to print higher highs and higher lows until December 2017, more than two years of sustained growth. An RSI that goes above 85 after a major downtrend has been a positive predictive signal for a newly starting bullish cycle. I hope that helps. Namaste.
BITFINEX:BTCUSDLong
by AlanSantana
7
APEUSDT Channel Low| Daily Resistance| Liquidity| Single PrintEvening Traders, Today’s analysis – APEUSDT- trading away from its Channel High, losing support will lead to a deeper pullback, Points to consider, - Price Action Impulsive - Channel Low Support - Naked Single Print - Lower Resting Liquidity - Market High Low APEUSDT’s immediate price action is trading towards an area of support that is in technical confluence with the Channel Low, Single Print, and a Liquidity Points, allowing for a bullish bias. The immediate objective is the channel high, this will become more probable as resistances get breached on the way up. Overall, APEUSDT 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, “Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
Long
by AzizKhanZamani
3
DODGEUSD POC Support| .618 Fibonacci| Price Action| Trend Evening Traders, Today’s analysis – DODGEUSD – trading in a local uptrend, a pullback will allow for a higher low entry Points to consider, - Price Action Impulsive - POC S/R Support - Bullish OB Support - .618 Fibonacci Support DODGEUSD’s immediate price action is trading in an uptrend where a pull back into the POC will allow for a bullish entry. The POC has technical confluence with the .618 Fibonacci and a Bullish Order Block, giving it significance. The immediate will be the current swing high, exceeding this level will lead to another analysis being required. Overall, in my opinion, DDGEUSD is a valid long at support, invalidation is multiple candle closes below the POC. Hope this analysis help, thank you for following my work, and remember, “Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” ― Yvan Byeajee
BINANCE:DOGEUSD.PLong
by AzizKhanZamani
2
ETHUSDT Weekly S/R| Key Standing High| Area of Resistance| PriceEvening Traders, Today’s analysis – ETHUSDT – trading towards an area of resistance where a rejectin is plausible, Points to consider, - Price Actin Corrective - Weekly S/R Resistance - Key Swing High - .618 Fibonacci Resistance ETHUSDT’s immediate price action is considered corrective in a bear market, price is approaching a zone of resistance which allows for a bearish biases. There needs to be a change in market structure which will highlight weakness, currently not the case. The overall objective is the Daily S/R level situated at $1,190, testing this area will create a Trading Range. Overall, in my opinion, ETHUSDT is a valid short, price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” ― Yvan Byeajee
Short
by AzizKhanZamani
3