Nifty is looking weak , If nifty breaches important support of 23313 then it can fall upto 23000-22775 in the upcoming week . Otherwise expect range bound momentum no confirm upside before nifty crosses and sustain above 23996.
https://www.tradingview.com/x/Xp2s0zhn/ Hello,Traders! NZD-USD is falling down But the pair is locally Oversold and as we are About to see a horizontal Support retest soon Around 0.5500 level we Will be expecting a Swing bullish correction Buy! Comment and subscribe to help us grow! Check out other forecasts below too!
Banknifty upcoming monthly expiry can be highly volatile on the first 2 days or either last 2 days of trading this week while having holiday on 25th. 50000 will work as an important support and if it breaches that we can expect levels upto 48200. Otherwise expect it remain flat to range bound through the week with high volatility .
Hello guys major now in Channel if price can break Chanel we have a chance for rise Major have a small max support and small market cap Tp.0.70$ Good luck ??
We're seeing some wild swings in Bitcoin's price, and I'm calling it: this isn't just the market doing its thing. I mean, where's all the BTC on exchanges? It's like there's none left, and the prices are shooting up to levels that Wall Street boys would think twice about jumping into. This smells like big-time manipulation by the heavy hitters, like those hedge fund giants and the exchanges themselves. They've got the power to make the market dance, and with so little Bitcoin floating around, every move they make has an outsized impact. It's like they're playing with a loaded deck. I'm not saying I've got the smoking gun, but the signs are there. When you see prices that don't match the supply, you gotta wonder, right? Are we just pawns in their game, or is there something else at play? Let's keep our eyes peeled, because if this is manipulation, it's on a whole new level. What do you guys think? Am I onto something, or am I just seeing shadows? Remember, this is speculative based on what we're observing in the market, and while manipulation is a concern, it's one among many factors influencing crypto prices. Whats your thouhts?
The Relative Strength Index (RSI) is one of the most widely used technical indicators in trading. Developed by J. Welles Wilder in 1978, it helps traders evaluate the momentum of a market and identify overbought or oversold conditions. What is RSI? RSI is an oscillator that measures the speed and magnitude of price changes over a specific period, typically 14 periods. It provides a value between 0 and 100, which helps traders gauge whether an asset is overbought or oversold. Overbought: RSI above 70 suggests the asset might be overbought and due for a correction. Oversold: RSI below 30 indicates the asset might be oversold and due for a rebound. The RSI Formula The RSI is calculated as: Where: RS= Average Gain of Up Periods (over the lookback period) / Average Loss of Down Periods (over the lookback period) How to Interpret RSI 1. Overbought and Oversold Levels: - When RSI crosses above 70, it may signal that the asset is overbought and could experience a price decline. - When RSI drops below 30, it may indicate that the asset is oversold and could see a price increase. 2. Divergence: - Bullish Divergence: When the price makes lower lows, but RSI makes higher lows, it suggests a potential upward reversal. - Bearish Divergence: When the price makes higher highs, but RSI makes lower highs, it indicates a potential downward reversal. 3. Centerline Crossover: - RSI crossing above 50 is often viewed as a bullish signal, indicating upward momentum. - RSI crossing below 50 suggests bearish momentum. Strengths of RSI - Versatility: Works well in a variety of markets (stocks, forex, crypto, etc.) and timeframes. - Simplicity: Easy to interpret for beginners. - Divergences: Offers insight into potential trend reversals. Limitations of RSI - False Signals**: RSI can provide false overbought/oversold signals in strong trending markets. - Lagging Indicator: Like most indicators, RSI relies on historical data, which may delay signals. Best Practices for Using RSI 1. Combine with Other Indicators: - Use RSI with trend-following indicators like Moving Averages or MACD to filter out false signals. - Pair it with support and resistance levels to validate potential reversals. 2. Adjust the Period: - Shorten the period (e.g., 7 or 9) for more sensitive signals. - Lengthen the period (e.g., 20 or 30) for smoother, less frequent signals. 3. Context Matters: - In a trending market, RSI may remain overbought or oversold for extended periods. Use it cautiously in such conditions. Example of RSI in Action Imagine a cryptocurrency like Bitcoin has been rallying for several days, and the RSI rises above 70. This suggests that Bitcoin might be overbought, and a pullback could occur soon. However, if the market trend is strong, Bitcoin’s RSI could stay above 70 for an extended period. Combining RSI with trend analysis or support/resistance levels can provide better insights. Conclusion The RSI is a powerful tool for traders seeking to understand market momentum and potential reversal points. While it’s simple to use, its effectiveness increases when combined with other indicators and market context. As always, practice using RSI on historical data before applying it to live trades, and remember that no single indicator guarantees success
As you can see on the chart, the price just came to pullback on the support level we have at 16.00, and now it is creating our cofiguration to buy the stock. Don't buy yet, wait for the configuration to get created then you buy. Follow for more updates!
$CGPT/USDT #CGPT/USDT Macro we have a Higher Low? Looking for the Key Zone to be broken and pump above single digit? ?1 - 0.63460$ ?1.618 - 0.09215$ ?2.618 - 1.49815$
going up for now and need to see reaction at yellow line shall flip short IF it deviates back down from yellow line to do a deeper sweep which should give it enough fuel to rally and make a new high as for alts still hoping dominance made a lower high nice cross on the rsi below looks to be reset
https://www.tradingview.com/x/OeoHcLsU/ ✅EUR_USD surged again to retest the resistance of 1.0480 But it is a strong key level So I think that there is a high chance That we will see a bearish pullback and a move down SHORT? ✅Like and subscribe to never miss a new idea!✅