rsi
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đŁ Do you know what RSI really is? đŁ
RSI (Relative Strength Index) is a technical analysis indicator that measures the strength and speed of price movements of a financial instrument. The term RSI price divergence refers to the inconsistency between price movements and the RSI indicator. This situation can indicate the end of a trend or a potential reversal.
RSI price divergence can come in two main types:
Bullish Divergence: When prices are testing new lower levels while the RSI is forming a higher base at the same time, it's considered a bullish divergence. This suggests that the downward trend is weakening or could potentially reverse. Investors may look for a buying signal, believing that the likelihood of prices rising has increased.
Bearish Divergence: When prices are testing new higher levels while the RSI is forming a lower peak, it's considered a bearish divergence. This indicates that the upward trend is weakening or could potentially reverse. Investors may look for a selling signal, thinking that the likelihood of prices falling has increased.
RSI price divergences can be used to predict trend reversals, but they don't always provide precise signals. They should be evaluated in conjunction with other technical analysis tools and the overall context of price movements. Investors should gain experience in market analysis to recognize and interpret divergences effectively.
RSI (Relative Strength Index) is a technical analysis indicator that measures the strength and speed of price movements of a financial instrument. The term RSI price divergence refers to the inconsistency between price movements and the RSI indicator. This situation can indicate the end of a trend or a potential reversal.
RSI price divergence can come in two main types:
Bullish Divergence: When prices are testing new lower levels while the RSI is forming a higher base at the same time, it's considered a bullish divergence. This suggests that the downward trend is weakening or could potentially reverse. Investors may look for a buying signal, believing that the likelihood of prices rising has increased.
Bearish Divergence: When prices are testing new higher levels while the RSI is forming a lower peak, it's considered a bearish divergence. This indicates that the upward trend is weakening or could potentially reverse. Investors may look for a selling signal, thinking that the likelihood of prices falling has increased.
RSI price divergences can be used to predict trend reversals, but they don't always provide precise signals. They should be evaluated in conjunction with other technical analysis tools and the overall context of price movements. Investors should gain experience in market analysis to recognize and interpret divergences effectively.
Most of the #memecoins had a retracement today, such as $SHIB $BONK this movement is healthy because we where overbought and we need a retracement to be able to keep going to retest all time high levels of this meme coins. Now the #rsi looks better to keep with our upside trend.
Will see what happens tomorrow with the economical reports #pce , and how the #fed will take it
Will see what happens tomorrow with the economical reports #pce , and how the #fed will take it
đHello familyđ
Let's break down some key Momentum Indicators we use in trading:
1. MACD (Moving Average Convergence Divergence): This one shows us the relationship between two moving averages of price. When the MACD crosses above its signal line, it's a bullish signal, and when it crosses below, it's bearish.
2. Stochastic Oscillator: This compares a closing price to its price range over a specific period. It helps us identify overbought or oversold conditions. Above 80 might be overbought, below 20 could be oversold.
3. RSI (Relative Strength Index): Measures the speed and change of price movements. An RSI above 70 is considered overbought, while an RSI below 30 is considered oversold.
Understanding these can help us get a sense of market momentum and make better trades!đŻđđ
#macd
#rsi
#trading
Let's break down some key Momentum Indicators we use in trading:
1. MACD (Moving Average Convergence Divergence): This one shows us the relationship between two moving averages of price. When the MACD crosses above its signal line, it's a bullish signal, and when it crosses below, it's bearish.
2. Stochastic Oscillator: This compares a closing price to its price range over a specific period. It helps us identify overbought or oversold conditions. Above 80 might be overbought, below 20 could be oversold.
3. RSI (Relative Strength Index): Measures the speed and change of price movements. An RSI above 70 is considered overbought, while an RSI below 30 is considered oversold.
Understanding these can help us get a sense of market momentum and make better trades!đŻđđ
#macd
#rsi
#trading
PCE better than market expectations. #fed may get happy with #pce at 0.2 for the month of April Hopefully the fed will increase the possibility to cut interest rate on September. In addition, the spending unexpectedly drop. The Fed will need more proofs that the inflation will increase to a slower pace to be able to cut rates finally and make the markets happy.
The $btc move slightly higher, but after Wall Street opened when back to test the 67.800 level. The #rsi is at a level where we can see an opportunity tu the upside, I spect #BTCâ will test the all time highs next week.
Pay attention to $JASMY $SUI and $NOT they have very interesting news that will open a great possibility
The $btc move slightly higher, but after Wall Street opened when back to test the 67.800 level. The #rsi is at a level where we can see an opportunity tu the upside, I spect #BTCâ will test the all time highs next week.
Pay attention to $JASMY $SUI and $NOT they have very interesting news that will open a great possibility
This is the 4h rsi heatmap of the top 200 coins, you can see that many coins are at the over sold level, so keep watching and you will be able to catch a good entry. đ„đ
#RSIHeatmap #rsi #RSIIndicator #dilwi #altcoins
#RSIHeatmap #rsi #RSIIndicator #dilwi #altcoins
BTC stock rsi at overkill zone which mean it is overbought.
$BTC can retrace back to 63k to 64k zone.
Be careful.
#BTCâ #rsi #bitcoinâïž #ETH_ETF_Approval_23July #BinanceTurns7
$BTC can retrace back to 63k to 64k zone.
Be careful.
#BTCâ #rsi #bitcoinâïž #ETH_ETF_Approval_23July #BinanceTurns7
Are we ready for a turnaround?
Many alts have suffered some tremendous corrections lately. Moreover, Bitcoin is back at the 67k level and doesn't show much strength rn.
Based on the latest RSI overview chart, I had many people asking if we are ready for a turnaround.
The answer is: Maybe.
Here's what the chart below tells us đ
The chart represents the average RSI of more than 200 crypto tokens.
Over the last two years, we have had two significant turnaround/support levels. One at ~40, where the market bounced five times.
And an even stronger one between 32-27. Actually, the RSI never fell below.
Currently, the average RSI has hit the first "support" level, so it is possible that we will see a turnaround at this point.
If not, we will likely experience more blood before the next support level is reached.
Let me know your thoughts đ
#rsi #analysis #market
Many alts have suffered some tremendous corrections lately. Moreover, Bitcoin is back at the 67k level and doesn't show much strength rn.
Based on the latest RSI overview chart, I had many people asking if we are ready for a turnaround.
The answer is: Maybe.
Here's what the chart below tells us đ
The chart represents the average RSI of more than 200 crypto tokens.
Over the last two years, we have had two significant turnaround/support levels. One at ~40, where the market bounced five times.
And an even stronger one between 32-27. Actually, the RSI never fell below.
Currently, the average RSI has hit the first "support" level, so it is possible that we will see a turnaround at this point.
If not, we will likely experience more blood before the next support level is reached.
Let me know your thoughts đ
#rsi #analysis #market
