#RelativeStrengthIndex

[themasterlab]

geagwrtRelative Strength Index क्या होता है चलिए जानते है। RSI एक पॉपुलर मोमेंटम इंडिकेटर है जो मार्केट की overbought और ओवरसोल्ड कंडीशंस को बताता है। यह 0 से 100 के बीच स्केल करता है। जब RSI 70 से ऊपर जाता है, तो यह ओवरबॉट की स्थिति दिखाता है, यानी प्राइस ज्यादा बढ़ चुकी है और गिरने की संभावना है। वहीं, जब RSI 30 से नीचे जाता है, तो यह overbought की स्थिति दिखाता है, यानी प्राइस बहुत गिर चुकी है और बढ़ने की संभावना है।"अगर आपको ट्रेडिंग के दौरान RSI 30 से नीचे दिखे, तो यह बाइंग का सिग्नल हो सकता है। वहीं, अगर RSI 70 से ऊपर है, तो यह सेलिंग का सिग्नल हो सकता है। RSI का इस्तेमाल करते समय ध्यान दें कि यह इंडिकेटर सबसे अच्छा तब काम करता है जब मार्केट में क्लियर ट्रेंड हो।"ऐसी वीडियो आप आप हमारे यूट्यूब चैनल पर देख सकते है।और कमेंट्स में हमें बताएं कि आप अगली वीडियो में क्या देखना चाहते हैं।

[basechop]

Litecoin (LTC) Price Analysis: Will LTC Return to $100?

Litecoin (LTC) has rebounded from its long-term upward support line and is attempting to break out of the short-term bullish pattern. Let's delve into whether Litecoin will manage to reclaim $100 or if its attempt to sustain growth will falter. Litecoin Bounces off Long-Term Support Litecoin has been moving along the long-term upward support line since June 2022. Starting from August 2023, the LTC price has bounced off the trend line six times (green markers), with some coinciding with the horizontal support area. This week, the asset began an upward movement but has yet to demonstrate impressive results. Source: TradingView The weekly Relative Strength Index (RSI) indicates bullish momentum, as the indicator has just risen above 50, hinting at continued growth. LTC Price Forecast: Will the Breakout Attempt Succeed? The technical analysis of the daily timeframe aligns with the bullish indications on the weekly chart. It shows that LTC is in the process of breaking out of an ascending triangle that has been in existence since August 2022. Although the altcoin has breached resistance, it still needs to achieve a daily close above it. The daily RSI supports the breakout, as the indicator has risen above 50 and is increasing. If the upward movement continues, Litecoin could reach the resistance area at $95, which is 28% higher than the current price. Source: TradingView However, deviation from the $75 resistance level could trigger a 12% decline to the triangle support line at the $68 mark. Disclaimer All information published on our website is intended for general informational purposes only. The reader assumes full responsibility for any actions taken based on the information provided on our website. Read the full article

[koolfingaz]

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[marketmisbehavior]

Is the RSI Bullish or Bearish? What is Relative Strength Index? The Relative Strength Index (RSI) is a technical indicator that measures price momentum.  Here we'll talk about the range of the RSI indicator, and how to identify when the RSI moves to a bullish or bearish range.  Examples will include the S&P 500 index (SPX) and Walt Disney (DIS).

[newsbtc-com]

Bitcoin Daily Close Pivotal To Save Dangerous RSI Breakdown

[coneicom]

The Nasdaq reaches its all-time highs, but this time it does so with a RSI divergence. Will the Index continue to rise or will it be stopped by this signal? - - - - - - - - - - - - 📣 Every post on Istagram is just a piece of a bigger puzzle. Most posts are focusing on one specific issue and could ignore other important factors. For a better understanding, read my previous posts. 🤗 - - - - - - - - - - - - 📣 FOLLOW ME FOR MORE TRADING AND INVESTING CONTENT 👉@coneicom 👉@coneicom 👉@coneicom 🎁 YOU WILL RECEIVE MY WELCOME MESSAGE WITH A SPECIAL TREAT. - - - - - - - - - - - - 🔎 If you want to know more about me and my project, visit my website: www.coneicom.com (link in bio) - - - - - - - - - - - - 📣 Please, no investment advice. My purpose is education only! Enjoy Trading Responsibly 👍🏻 - - - - - - - - - - - - #nasdaq #index #stockmarket #stockmarketnews #tradingindia #tradingitalia #tradingusa #technology #techcompany #growth #alltimehigh #rsi #relativestrengthindex #divergence #maltatrading #londontrading #movingaverage #coneicom (presso Milano italy) https://www.instagram.com/p/CRQXsl8gs8k/?utm_medium=tumblr

[traderpulse]

The fundamental pillars of technical analysis.

[tradersir]

Forex Momentum https://fx-australia.com/forex-education/forex-momentum/

[basechop]

PEPE Price Analysis: Approaching Long-Term Resistance Amid Bullish Sentiment

The price of PEPE has rebounded from a short-term descending resistance line but remains below the long-term resistance line. PEPE Approaching Long-Term Resistance Technical analysis on the weekly timeframe indicates that the price of PEPE has been declining beneath a long-term descending resistance line since May 2023. The decline led to a low of $0.00000059 in September. So far, the meme coin has made three unsuccessful breakout attempts (red markers) and is preparing for the fourth. The weekly Relative Strength Index (RSI) provides bullish signals: the indicator has risen above 50 and continues to climb. Analyst Insights Well-known crypto traders and analysts maintain a positive outlook on PEPE's prospects. Bluntz Capital believes that the meme coin has completed its correction and started a new upward movement. JJcycles speculates that PEPE will lead the upcoming meme coin season, while Crypto Michael notes the descending resistance line, stating that its breakout could accelerate the upward movement. PEPE Price Forecast: Will the Rally Continue? Analysis on the daily timeframe supports further growth due to price action and wave analysis. The chart below shows that PEPE has bounced off the descending resistance line and confirmed it as support. Wave analysis suggests that the asset has completed an upward movement and subsequent correction. If both upward movements have equal lengths, PEPE could rise by another 40% and reach the next resistance at $0.00000200. Despite the bullish forecast, a close below the $0.00000105 level could trigger a 55% decline to the nearest support at $0.00000060. Disclaimer All information published on our website is intended for general informational purposes only. The reader bears full responsibility for any actions taken based on the information provided on our website. Read the full article

[koolfingaz]

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[phungthaihy]

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[newsbtc-com]

Bitcoin Bear Market Comes Down To Pivotal June Close

[basechop]

Technical Analysis Indicates Potential Parabolic Movement for XRP/BTC

The technical chart for XRP/BTC reflects the possibility of a parabolic movement on the horizon. Some cryptocurrency market analysts are actively tracking the growth trends of XRP, believing that a breakthrough is inevitable. Market observer Dark Defender shared his observation, noting that the weekly chart for XRP/BTC shows the same Relative Strength Index (RSI) value as during the bull seasons of 2017 and 2021. If this signal from the technical analysis indicator proves correct, it suggests that the price of XRP may be poised for significant growth. According to the chart provided by Dark Defender, the RSI on the XRP/BTC chart is "oversold," as was the case in the cycles of 2017 and 2021, when the price of XRP surged to $3.3 and $1.9, respectively. Typically, after significant overselling, the next natural path for a cryptocurrency is accumulation, ultimately leading to price appreciation. XRP Prepares for a Rally Market analyst CrediBULL Crypto also emphasized the current bullish potential of XRP's price. He noted that the coin has experienced a sufficient decline to pique his interest. He promised to share more detailed information about the cryptocurrency's future. "In my latest video update on XRP, I said I wasn't interested until the XRP/BTC pair moved to my downside target of approximately 30% below. Well, we finally reached the point where I'm interested/pay attention to this now. I'll share more tomorrow, but I think it's time to pay attention to the coin with the biggest love/hate relationship in the cosmos." EGRAG CRYPTO shared a chart reflecting his current XRP forecast. The analyst noted that there is a risk of decline to $0.45, but if XRP closes above $0.60 in the near future, it is crucial, as it would signify a close above the 21 EMA on the two-week timeframe, as well as the overcoming of a local resistance level in the form of a candle. "7000% PUMP: The idea of transitioning to 7000% from $2 may seem incomprehensible to 99% of people, but once utility begins to manifest, it could be just the beginning of a multi-year trend." But these are not the most fantastic forecasts yet. A recent forecast by CryptoBull (@CryltoBull2020), an XRP analyst, has sparked both hope and skepticism within the community. The bold forecast implies a sharp rise in XRP prices, echoing patterns observed seven years ago. According to this scenario, XRP is forecasted to reach $2 by March, $6 by April, and an astounding $39 by May. Read the full article

[basechop]

Technical Analysis Indicates Potential Parabolic Movement for XRP/BTC

The technical chart for XRP/BTC reflects the possibility of a parabolic movement on the horizon. Some cryptocurrency market analysts are actively tracking the growth trends of XRP, believing that a breakthrough is inevitable. Market observer Dark Defender shared his observation, noting that the weekly chart for XRP/BTC shows the same Relative Strength Index (RSI) value as during the bull seasons of 2017 and 2021. If this signal from the technical analysis indicator proves correct, it suggests that the price of XRP may be poised for significant growth. According to the chart provided by Dark Defender, the RSI on the XRP/BTC chart is "oversold," as was the case in the cycles of 2017 and 2021, when the price of XRP surged to $3.3 and $1.9, respectively. Typically, after significant overselling, the next natural path for a cryptocurrency is accumulation, ultimately leading to price appreciation. XRP Prepares for a Rally Market analyst CrediBULL Crypto also emphasized the current bullish potential of XRP's price. He noted that the coin has experienced a sufficient decline to pique his interest. He promised to share more detailed information about the cryptocurrency's future. "In my latest video update on XRP, I said I wasn't interested until the XRP/BTC pair moved to my downside target of approximately 30% below. Well, we finally reached the point where I'm interested/pay attention to this now. I'll share more tomorrow, but I think it's time to pay attention to the coin with the biggest love/hate relationship in the cosmos." EGRAG CRYPTO shared a chart reflecting his current XRP forecast. The analyst noted that there is a risk of decline to $0.45, but if XRP closes above $0.60 in the near future, it is crucial, as it would signify a close above the 21 EMA on the two-week timeframe, as well as the overcoming of a local resistance level in the form of a candle. "7000% PUMP: The idea of transitioning to 7000% from $2 may seem incomprehensible to 99% of people, but once utility begins to manifest, it could be just the beginning of a multi-year trend." But these are not the most fantastic forecasts yet. A recent forecast by CryptoBull (@CryltoBull2020), an XRP analyst, has sparked both hope and skepticism within the community. The bold forecast implies a sharp rise in XRP prices, echoing patterns observed seven years ago. According to this scenario, XRP is forecasted to reach $2 by March, $6 by April, and an astounding $39 by May. Read the full article

[basechop]

Ethereum (ETH) Could Experience 10x Growth, According to Discover Crypto Analyst

Signals Point to a Bullish Trend

Discover Crypto, a prominent YouTube channel, has identified signals that could lead to a tenfold increase in Ethereum's value next year. In a recent video, the channel analyzed Ethereum's previous price movements, enabling the identification of an impending upward trend. According to the blogger, Ethereum has overcome long-term horizontal resistance, marking the beginning of the previous bullish cycle. Using the ETH/USD daily chart on TradingView, he illustrated that the horizontal resistance channel lasted approximately 1029 days. Following the breakthrough, the leading altcoin experienced rapid growth. The channel host demonstrated that 130 days after the breakout, Ethereum surged over fivefold. He compared Ethereum's price behavior in 2020 with the current trend, highlighting significant similarities that could lead to a similar outcome. Based on this historical pattern, the expert concluded that by September 2024, Ethereum could be trading around $3500. Moreover, he predicts future growth for the altcoin within the range of $10,000 to $12,000. This forecast relies on the Relative Strength Index (RSI) momentum indicator. After surpassing the overbought RSI level in 2020, Ethereum experienced a tenfold increase. Disclaimer: The information provided is for informational purposes only and does not constitute financial advice. Readers should conduct their own research and consult with financial advisors before making investment decisions. Read the full article

[basechop]

Solana (SOL) Technical Analysis: Breaking Support Levels and Analyst Predictions

Current Status of Solana's Price

The price of Solana (SOL) has fallen below the ascending trendline support, which held for nearly 100 days. Additionally, SOL has exited a short-term symmetrical triangle, dropping below the Fibonacci support area.

Breakdown of Long-Term Support for Solana

Technical analysis on the daily timeframe reveals that since October 16, 2023, SOL has been rising along the ascending trendline support, leading to the annual peak of $126 on December 25. Subsequently, the asset's price started to decline. On January 19, 2024, it broke below the ascending support line and is currently trading within a support area that coincides with the 0.382 Fibonacci retracement level. !(link to the chart image) Source: TradingView The daily Relative Strength Index (RSI) provides bearish signals, being below 50 and continuing its descent.

Analyst Insights

Well-known crypto traders and analysts on Twitter believe that the price of Solana will continue to decline. - @Lmn12121 believes that the asset is due for a correction towards $70.!(link to the tweet image) - @LordOfEntry noted the breakdown of the ascending support line, stating that if the candle closes below the current support, the $77 region will start to look realistic. - @BluntzCapital observed a similarity in SOL's price action to Bitcoin's (BTC) chart in 2018. He speculated that a drop to $70 would signify a long-term bottom.

SOL Price Forecast: When Will the Correction End?

Similar to the daily timeframe, the six-hour chart provides a bearish forecast. The most likely scenario suggests that SOL is in a wave C of a corrective A-B-C structure. Wave B took on the typical form of a triangle for such structures. Price action indicates that the asset has exited the symmetrical triangle, confirming the correction. Additionally, the RSI is below 50 and falling. If the correction continues, Solana may drop by another 20% to the convergence of supports in the range of $70-$72. !(link to the chart image) However, a return to the support trendline of the triangle would signify the end of the correction. In that case, SOL could rise by 30% to the next resistance at $115. Disclaimer: All information on our website is published on principles of fairness and objectivity and is for informational purposes only. Readers are solely responsible for any actions taken based on the information obtained from our website. Read the full article