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Relative Strength Index (RSI)

SPY and NDAQ looking to breakoutThe price on both charts are attempting a breakout of the previous resistance line. On this chart, you'll see we are currently testing a previous resistance line. The stock market could start to see a bullish rally for the next few months. We have CPI data coming out on Wednesday. Most investors will use this to see if Fed's will be dovish or hawish when it comes to fighting inflation. My opinion is that they will be dovish since we have seen inflation decrease in June. There are many people who still believe 75bp hike is gonna happen. Any rate hike under 75bp is bullish. August and September should be bullish months as well. Indicators showing bullish momentum: Stock price above previous resistance line MACD is green AO is about to cross zero line RSI broke 50 value, and looking to break again
CME_MINI:ES1!Long
by Trebor_Namor
3
EUR/JPY: bullish divergence and break outEuro/Yen Japanese break out this structure and want to continue climb that we could to get a good trade in this par. And also we forming a bullish divergence in the RSI and price action too. We're in this way forming a bullish divergence In Daily timeframe it's look bullish from this key support zone above 138.50 JPY. I put a buy order limit to $138.76 JPY, Stop Loss to $137.98 JPY and target to $140.00 JPY. This it's look a potential trade to find up 138 pips. This it's a quickly analysis today. I hope that this idea support you Good luck!!!
Long
by harisonhbn9718
Reversal likely to hold up #SPX $SPY $RSP I expect some continuation from this recent rally. The percentage of SPX stocks trading above their 50-day MA is now bouncing from being too far below the lower band of the channel I have defined. Annotated on the chart are the previous times it significantly breached the lower band. MACD histogram turning green with MACD line curling up for a cross. RSI bounced and has some momentum. Next test at 50. Bar some terrible news from Ukraine or Taiwan, we should see some of this momentum carry the market higher. For how long? Unclear. I would like to see $RSP start to outperform $SPY to signify broad strength opposed to a few names carrying the entire index (not sustainable or healthy).
INDEX:S5FILong
by EBITDAtiger
RSI indicator Hi RSI indicator needs some improvement. such as: 1- add on it auto-selection of bottoms and tops, right you add some improvements to it, it will be easy to give you where are bottoms and where are tops, 2- also gives you if this trend is positive or negative. on the chart or on the indicator. 3- it gives you a signal if it's up or down. rather you select them manually in this case, the divergence will show you if it is positive or negative. we have to jump from manually to automatically indicators.
X
by abdjo
2
4hr support zone and 15 minute descending triangle!EurJpy: On the left side (4hr chart), you are able to see a support level that was hit multiple times. This support line is an attractive spot for all traders that analyze the chart. This level can either hold and push the price up or break and push the price down. On the 15-minute chart, you are able to see a descending triangle forming. Wait for the triangle to form and a higher high to take place. This trade can also go to the downside. that is if the triangle is broken to the downside which means the 4hr chart wants to break that support line. Indicators on the 4hrs match up with the descending triangle. They want to push the price higher.
by Adooma14
4 Reasons of Bullish BTCUSDTBTCUSDT has been falling for days since its major peak at $68K and the market is in deep fear after this downward movement; however, there is some evidence that the accumulation phase has begun and the signs is laid under the BTCUSDT weekly chart. As you can see in the weekly chart, the price dips have been always accompanied by major market volumes which means the funds, whales or whatever you name them have found those prices a good entry price and the exact same thing has been happening in last previous days. Beside the volume rush and historical warning of an up rush in price, the BTCUSDT has been bearish 12 weeks out of last 14 weeks which indicates a soon coming trend correction (upward movement during a downside trend at this case) or even a trend reversal. The third sign that the market has high potential of price moving upwards is the RSI indicator showing figures below 30 again in weekly chart which means the market has entered a phase of over-selling indicating that it is a good time to buy ! But wait, there is a fourth sign too ! If you tighten your range of view and get into 4H chart from weekly chart, you can see a head and shoulders pattern which is getting completed by making its pullback to the neckline. this 4H head and shoulders will be confirmed again by a volume rush and this time on the right shoulder which has not happened yet and is expected within next couple of days. The possible target for 4H head and shoulders is 25648; although, the weekly chart indicates that the price is very likely to hit new ATHs !
Long
by Mahdi_Fatemi1998
Short term stability in BATThe current market of BAT seem to be very profitable of time frames of 15 minutes or less using a momentum in the current timeframe with a RSI on the 4 hour for trend direction. Both momentum and RSI are set to 200 periods to identify and catch potential strong upwards movement is the market. Overall, the market looks very good with proper dollar cost averaging (DCA) using a simple take profit. I'm using 1% in this chart to keep exposure to a minimum while increasing the probability of a relatively quick exit. Even with the rather deep bearish trend we have had, this approach still does quite well with minimum risks. One of the nicest features of this approach is that accumulation is limited, but very opportunistic. This approach should perform very well as it avoids downtrends fairly consistently, but still very responsive to DCA opportunities.
Long
by RobertD7723
Confluence Test for this Week's CandleCOINBASE:BTCUSD Right now, we are currently testing a $17,000 - $19,000 weekly candle support on $BTCUSD, while the 14 week RSI oscillator is oversold (<30). I'm hoping that by the close of the weekly candle, the RSI and candle for this week will either: Ex1. Close above the $17-19K support zone AND above 30 RSI or, Ex2. Close below the $17-19K Support zone AND below 30 RSI. This will give us confluence in determining if we continue to go to lower in price (Ex 2.) or HOLD $17-19K as weekly support.( Ex 1.) If the RSI and price candle do not close both above OR both below their respective levels, it is still ambiguous if this $17-19K weekly level will act as support or transition to resistance. I will be on the lookout for this coming Sunday night weekly candle close. ***DISCLAIMER: NOT INVESTMENT ADVICE***
COINBASE:BTCUSD
by jdm69
1
This Indicator Reveals Shiba Inu Has Low AccumulationShiba Inu's (SHIB) price bounced off the $0.0000085 key support level, but the rally is now quickly fading away, lacking strong bullish momentum and follow through. Furthermore, based on the Chaikin Money Flow (CMF) indicator, there are no signs of big institutions and whales accumulating the cryptocurrency. Chaikin Money Flow After a brief break above the 0 center-line, the CMF oscillator has returned below zero, signaling weakness. The last two times the CMF oscillator exhibited the same pattern, SHIB's price actually made a new low. Most of the CMF readings since the start of the year were below the zero line, confirming that the whales haven't been accumulating through this bearish market. This shows that institutions have leaned towards distribution. RSI Momentum The RSI oscillator also confirms the recent price action as it shows more bearish momentum pressure. The oscillator briefly broke above the 50 mid-level, but the move couldn't be sustained, revealing weakness in the current rally. On the technical side, the bulls cannot hold above the $0.00001 big round number, again revealing that this market is still very weak. Looking forward: SHIB's price can stabilize around the current price levels and see more consolidation, a common price behavior in a bear market.
by cryptohopper
1
$NVAX starting its run?With main confluence from MACD , Stochastics, RSI and MTF EMA's, I am expecting a run to 69.28. Momentum looks to be rising on the Daily, but if you look closer on January 26th we see divergence on the MACD indicator (Orange). While price reached a low at that time, MACD has been steadily rising. Price has been driven lower through this time but MACD has been rising. This in connection with the RSI's and Stochastic's tell's me we are starting to see the run up. I committed to this trade on the 6th of June and don't plan on selling until profit target of 69.28. Depending on momentum once we've reached there, I will close part of my position to allow a possible ride to the golden pocket of the Fibonnaci indicator of .618 Ideally, this is a very technical play, I think with momentum showing to be on the higher side we should see a nice steady run up over the coming next week. Stay tuned Im working on an indicator that will help visualize market volatility and momentum. The goal of the indicator is to help you understand current market strength which direction it's favoring. Before releasing, I am going to fine tune the indicator further to make it more profitable per back testing with python. I'll release this indicator once it's ready at free cost for a limited time only.
NASDAQ:NVAX
by GreenDayTrade
5