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Relative-strength-index

How RSI Alerts Can Supercharge Your Long-Term Crypto PortfolioBuilding a long-term portfolio demands a strategic approach that goes beyond random buys and impulsive decisions. Instead, savvy investors employ tools like the Relative Strength Index (RSI) to identify advantageous entry points and navigate the market cycles effectively. 💜 If you appreciate our guides, support us with boost button 💜 Here’s a step-by-step guide on how to harness RSI alerts to fortify your long-term crypto holdings. Step 1: Spotting Entry Opportunities with RSI < 35 When aiming for long-term crypto accumulation, the goal is to buy assets at opportune prices. Setting up your charts with the RSI indicator and adjusting the lower band to 35 enables you to pinpoint instances where cryptocurrencies in your portfolio might have experienced an unwarranted dip. This can be a golden opportunity to acquire assets for the long run, aligning with the principle of buying low. Step 2: Steering Clear of Overbought Zones with RSI > 70 Conversely, an RSI reading surpassing 70 signals potential overbought conditions. In such instances, it's prudent to exercise caution. Holding off on new purchases during these periods or even considering exiting certain positions that have seen significant price surges allows you to safeguard your returns. Converting gains into stablecoins during overbought phases enhances liquidity, positioning you strategically for future opportunities. Step 3: Confirm with Other Indicators & DYOR RSI functions most effectively when complemented by other indicators. Incorporating tools like Moving Averages, Bollinger Bands, and MACD provides a more comprehensive view of market conditions. Remember, thorough research is crucial. Rely on multiple indicators to reinforce your decision-making process and mitigate risks associated with single-point analyses. Step 4: Get Timely RSI Alerts On Your Email & TradingView App Time is of the essence in the volatile crypto market. Instead of constantly monitoring prices across various platforms, set up RSI alerts on TradingView to receive timely notifications. This ensures you don’t miss critical market movements and can respond promptly to favorable conditions or potential risks. How to Create RSI Alerts on TradingView Open TradingView: Log in to your TradingView account. Select the Chart: Open the chart of the cryptocurrency you're monitoring. Add RSI Indicator: Click on "Indicators" at the top, search for RSI "Relative Strength Index", and add it to your chart. Set RSI Levels: Adjust RSI levels by clicking on the RSI label on the chart, then edit the Upper and Lower Band levels to your preferred values (e.g., 35 for Lower Band, 70 for Upper Band). Create Alert: Click on the alarm bell icon at the top of the chart, then select "Add Alert." Choose the condition (crossing above/below RSI level), set the desired RSI level, and customize the notification settings. Save Alert: Confirm and save your alert. You’ll now receive notifications via email or within the TradingView platform when the specified RSI conditions are met. Effectively utilizing RSI alerts is a game-changer for long-term crypto investors. By intelligently identifying entry points, avoiding overbought conditions, confirming signals with other indicators, and staying informed with timely alerts, you position yourself for success in the dynamic world of cryptocurrencies. Enhance your portfolio strategy with RSI – a tool that brings precision and efficiency to your crypto investment journey.
Education
by Vestinda
5
Tips on Adjusting the RSI (Part 2) Although the standard setting for the RSI is 70 (overbought) and 30 (oversold), I prefer to adjust the levels to 80 and 20. The purpose of this is to identify the extremely overbought/oversold regions. In addition to adjusting the levels, I would pay attention to the chart when the RSI enters in the overbought/oversold region (but would hold back on entering a trade) I would only enter a trade when the RSI turns down/up from the overbought/oversold region. This would signal that the price is likely to fall/rise as the RSI reverses from the extremes and back within range.
Education
by JinDao_Tai
Learning to use the RSI (Part 1)The Relative Strength Index (RSI) is a popular momentum oscillator used in technical analysis to identify overbought or oversold conditions in the market. The RSI is measured on a scale from 0 to 100, RSI values above 70 are often considered overbought, suggesting that the price may be due for a reversal or pullback. RSI values below 30 are often considered oversold, indicating that the price may be due for a bounce or recovery. A common mistake most traders will make is to assume that once RSI signals an overbought/oversold condition, the price should drop/rise, hence leading to a sell/buy decision. In the 2 examples highlighted (solid blue lines), you will notice that although RSI signaled an overbought/oversold condition, the price continued to climb/drop despite being overbought/oversold. Remember: Prices can be overbought/oversold for an extended period of time When using any indicator, always remind yourself of what it is measuring and remember that it is just math (not magic). The indicator is supposed to help quantify and help you see things clearer on the chart (rather than numbers). Check out Part 2 for Tips on Adjusting the RSI
Education
by JinDao_Tai
SPX and NQ - are we there already?I am cautiously optimistic that the the correction that started since mid July could be finally over and we could begin to see more ups rather than downs going into the final 2 months of this year. SPX did come very close to its H&S target while NQ was 4% shy of its H&S "target" (close enough though!) before we had a bullish reversal this week. One could still argue that this could just yet another "sucker's rally" (aka bull trap) that we have seen numerous times in the past 3.5 months. However, there are a few factors that gave hope for medium term bullish bias this time: 1. A pretty bullish (large body with almost no wicks) weekly reversal candle, though still in the making for this week 2. Both SPX's and NDX's Weekly RSI could be breaking out of their downward trendline, which often could be an "early" signal of strength in the coming weeks. Non-technical aspects: 3. More earnings announced this week have been beating market expectations and their stocks are now bouncing off a lower base. 4. Fed announcing a pause in in interest rate hike yesterday. That said, we still need to see the indices breaking above their strong trendline resistences (shown in Red) for a confirmation that the "correction" could be over, plus there is always a chance that the trend going forward could remain sluggish despite no longer "bearish". Let's see! Disclaimer: This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management (ie trailing stop loss and position sizing) is (probably the most) important! Take care and Good Luck!
NASDAQ:NDXLong
by Juliac
Super Swing Strategy - Bollinger Bands, RSI, and ADX Strategy"Super Swing Strategy" - Bollinger Bands, RSI, and ADX Strategy Indicators Used: - Bollinger Bands - Relative Strength Index (RSI) - Average Directional Index (ADX) Bollinger Bands for volatility, RSI for overbought and oversold conditions, and ADX for strength of the trend. How it Works: Add Bollinger Bands, a 14-period RSI, and a 14-period ADX to your chart. When the price touches the upper Bollinger Band, the RSI shows overbought conditions (above 70), and the ADX is above 20, it's a potential bearish signal. A bullish signal occurs when the price touches the lower Bollinger Band, the RSI shows oversold conditions (below 30), and the ADX is above 20. You can use additional indicators or price action analysis to confirm signals.
TVC:DXYEducation
by Bullwards
TSLA - turned the corner?TSLA had been on a wild ride down since peaking on 4th Nov 2021, with many strong bear rallies in between. It finally hit the bottom on 6th Jan this year and began a rather strong rally until early Feb where it started to churn violently for the next 2.5 months, shaking out any weak bulls. A sustainable rally emerged again from 27 Apr and more signs have been emerging that the longer term trend have changed to bullish (short term pullbacks not withstanding): 1. a close above the 200 day moving average on 31 May and continued to propel higher for more than a week now 2. a break above a longer-term neckline in the region of 200-215 this week and 3. RSI line on it's MONTHLY chart has crossed above the 14 SMA line (signifying the likely emergence of a longer-term bullish trend). However, TSLA has been traditionally a volatile stock, hence it is safer to wait some dips to go long. Any retracements in the near term should preferably not breach the neckline support (200 - 215), although it is not up to us to decide how far it would pull-back . Wait to see the stock finding possible support (after a retracement) to go long (with stop loss below the most recent pivot low). Disclaimer: Just my 2 cents and not a trade advice. I may have an opinion but I do not hope. Cut loss (sooner rather than later) and move on if wrong. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:TSLALong
by Juliac
NCR road to around 30The decline seen in the stock in April and early May was halted by the 30 level of the 14-day RSI (purple line) and better-than-expected news. Currently, it is on an upward trajectory, crossing the 50-day EMA (gray line) and retesting this level. This provides support for attempting to surpass the 200-day EMA (turquoise line) at around 25.5. The question is whether we can sustainably stay above it. In the first instance, the target price is $26, and if it successfully retests the 200-day moving average, it could strengthen up to $30 by the end of June. In the analysis, the yellow line represents the 20-day BB (Bollinger Bands).
NLong
by BostonTrendLab
Relative Strength Index/RSI Made SimpleThe RSI (Relative Strength Index) is like a tool that helps people who buy and sell stocks and other things to figure out how strong the price of something is. It works by looking at the prices of that thing over a certain period of time, like 14 days, and then putting those prices on a scale from 0 to 100. 🔸When the RSI is high, like over 70, it means the price has gone up a lot and might be too high. When the RSI is low, like under 30, it means the price has gone down a lot and might be too low. But just looking at the RSI by itself is not enough. While many traders do use the RSI to buy at the 30 level and sell above the 70 level, this is not the only way to use the indicator. (As shown below) 🔸The RSI should be used in conjunction with other technical indicators and fundamental analysis to make informed trading decisions. In fact, relying solely on these levels can lead to missed opportunities and suboptimal trading decisions. 🔸It's also worth noting that the RSI can be used to identify bullish and bearish trends. When the RSI is above 50, it is considered bullish, indicating that the market is trending upwards. When the RSI is below 50, it is considered bearish, indicating that the market is trending downwards. 🔸While the 70 and 30 levels are popular levels to buy and sell, traders can also use other points based on how price reacts at those levels. For example, if the RSI reaches 80, it may indicate an especially strong upward trend, while a drop to 20 may indicate an especially strong downward trend. Traders should use their own judgment and analysis to determine which levels are most appropriate for their trading strategy. You can also find that as the name suggest (Relative Strength) traders should look for levels in price action where there is a strong reaction and then check to see at what level on the RSI this occurred because it might happen again once we got to that RSI value. (As seen below ) So as you can see in the image above you do not need to wait for price to go to levels 80 or 20 in order to look for reactions you can look at how price has reacted at previous levels before and monitor those levels in the future. Finally lets talk about divergence. 🔸RSI divergence is a trading strategy that involves looking for differences between the movement of the price of an asset and the movement of the RSI indicator. When there is RSI divergence, it means that the price of an asset is moving in a different direction than the RSI indicator, which can signal a potential change in trend. There are two types of RSI divergence: bullish and bearish. Bullish divergence occurs when the price of an asset is making lower lows, but the RSI indicator is making higher lows. This can suggest that the price of the asset is oversold and may be due for a rebound. Conversely, bearish divergence occurs when the price of an asset is making higher highs, but the RSI indicator is making lower highs. This can suggest that the price of the asset is overbought and may be due for a correction. Traders can use RSI divergence to help them make trading decisions. For example, if they see bullish divergence, they may consider buying the asset, while if they see bearish divergence, they may consider selling the asset. However, traders should always use RSI divergence in conjunction with other technical indicators and fundamental analysis to make informed trading decisions. Example is shown below: 🔸Settings of the RSI: Traders can customize the settings of the RSI to suit their trading style and preferences. They can adjust the number of periods used in the calculation, which can range from as low as 2 to as high as 200 or more, depending on the timeframe being analyzed. In addition to the default settings, traders can also adjust the overbought and oversold levels of the RSI. By default, the RSI is considered overbought when it is above 70 and oversold when it is below 30. Traders can adjust these levels to suit their trading style and the specific asset being analyzed. Traders can also add other indicators on top of the RSI to help them analyze the market. For example, they may add a moving average to the RSI to help them identify trend direction and potential areas of support and resistance. ______________________________________________ Also keep in mind that the RSI can be used as a reversal tool and also a trend trading tool. For example, when the RSI reaches extreme levels of overbought or oversold, it can signal a potential reversal in the price trend. When the RSI reaches these levels, traders can look for other confirming indicators or price action to help them decide whether to enter a trade in the opposite direction. On the other hand, as a trend trading tool, traders can use the RSI to identify the strength of a trend and to help them decide when to enter or exit a trade. When the RSI is above 50, it can indicate a bullish trend, and when it is below 50, it can indicate a bearish trend. Traders can use the RSI to help them identify potential areas of support and resistance within the trend and to enter trades in the direction of the trend. It's important to note that traders should not rely solely on the RSI to make trading decisions. The RSI should be used in conjunction with other technical indicators, such as moving averages, and fundamental analysis to get a complete picture of the market. By using the RSI as both a reversal tool and a trend trading tool, traders can better identify potential trading opportunities and make more informed trading decisions.
Education
by ChristopherDownie
8
Watchlists of SPX Sector ComponentsUse RSC indicator to spot strong stocks in related sector. Useful watchlists of SPX sector components: AMEX:XRT : www.tradingview.com AMEX:XLY : www.tradingview.com AMEX:XLV : www.tradingview.com AMEX:XLU : www.tradingview.com AMEX:XLRE : www.tradingview.com AMEX:XLP : www.tradingview.com AMEX:XLK : www.tradingview.com AMEX:XLI : www.tradingview.com AMEX:XLF : www.tradingview.com AMEX:XLE : www.tradingview.com AMEX:XLC : www.tradingview.com AMEX:XLB : www.tradingview.com
NASDAQ:NVDA
by muyexi
LKQ - Hidden Divergence - BullishOn the chart of LKQ, we can see a forming ascending triangle and we can see hidden bullish divergence on daily timeframe. An ascending triangle is a bullish formation. The pattern gets validated when the price breaks out of the upside of the pattern. By using the Relative Strength Index we can hidden bullish divergence. A long position can be taken when the resistance of the triangle turns into a support. See all further details on the chart. Goodluck!
NASDAQ:LKQLong
by vf_investment
6
CROUSD - Oversold - Small PumpOn the 1h timeframe chart of Cronos (CROSUSD), we can see that the price is oversold. The indicators used are the Bollinger Bands, Relative Strength Index and Stochastics. All three indicators are identifying the same oversold condition. The price is approaching a support zone. Previously this support zone was strong resistance. So it's likely that the price is going to be supported. In combination with the oversold condition, it's a double confirmation for the price to increase. All further details are shown on the chart. Goodluck!
COINBASE:CROUSDLong
by vf_investment
1
ADAUSD - Upward move coming - 2023!It looks like Cardano it's going to start 2023 well. On the 4-hour timeframe chart(left), Cardano's price is showing Regular Bullish Divergence. The Divergence is indicated by the Relative Strength Index and the Stochastics. On the daily timeframe chart(right), Cardano's price is showing an Oversold condition. The Oversold conditions are indicated by the Bollinger Bands, Relative Strength Index, and Stochastics. Both charts complement each other. The new innovative plans for 2023 are in line with these ideas as well. Enter your long position only if/when the candle closes above the key level and confirms it as a support. All further details are shown on the charts. Good luck!
BITFINEX:ADAUSDLong
by vf_investment
10
Divi's Laboratories Long Term Technical Analysis : -- Strict Stop Loss = 3150 -- Risk : Reward = 1 : 3 -- Target - 1 = 4059 -- Target - 2 = 4597 -- Target - 3 = 4988 -- Strong support at 3039. -- Re enter the trade at 3185 -- Touching 200 EMA Fundamental Analysis : -- Divi's Lab has a healthy ROE. -- Over the last 5 years, revenue has grown at a yearly rate of 17% -- ROCE: Maintaining healthy ROCE of 31.64% (1 year), 28.31(3 years), and 26.9% over the past 5 years. -- Healthy dividend payout -- Debt-to-Equity: Divi''s Lab has a Debt to Equity ratio of 0.00 -- CAGR: 10 years - 19% -- Cash Flow: Positive cash flow over the last 5 years -- P/E ratio: 10 years PE is close to the average PE. So Stock is not overvalued
NSE:DIVISLABLong
by ChartCorner
HUL long term investmentTechnical Analysis : -- Strong support at 2047 -- Strict Stop Loss = 2440 -- Risk : Reward = 1 : 3 -- Target = 3450 -- Golden crossover in Daily -- Just crossed the trendline -- For long-term investment please ignore the targets. Fundamental Analysis : -- The company has existed for more than 10 years -- The company is virtually Debt-free -- CAGR : 5 year - 17% & 10 year - 18% -- Revenue, Profit Growth : Over the last 5 years, revenue has grown at a yearly rate of 9–10 % -- ROCE: Maintaining healthy ROCE of 38.22% (1 year), 90.51(3 years), and 95.95% over the past 5 years. -- Cash Flow: Over the last 5 years, free cash flow growth has been 8.27%. Which is on the positive side. -- P/E ratio: Stock is not overvalued as its near to its historical average -- Maintaining a healthy Dividend
NSE:HINDUNILVRLong
by ChartCorner
1
AMAZON on a boost. Won't reach the split price though.I have tested this 6 different ways and included my new "Mass EFX moving averages" indicator. All I'm seeing is that $amazon is on a rise rightnow since June 17th @ 11:30 pm Central ime. It will continue to rise to $109.00 and maybe a spike to $112 00 Current price 8s $106.xx Stoploss = 104.03 Entry 106.16 According to my rsi formula: Exit = $110.37 (after move momentum expires) Safe exit is $109.99 Business banks trade in whole numbers, let's move to the closest whole dollar (110.00) This is a 3.5% move
NASDAQ:AMZNLong
by CoffeeshopCrypto
1
Strong Long 🍏 Bulls will embarrass Bears as Hentai MovieStrong Long 🍏 Bulls will embarrass Bears as Hentai Movie "Open a long position, and you'll drive a new TESLA model within a week." We've had a 100% success rate with the variation of the following indicators for more than two months, see our previous Ideas. 🔑 KEY POINTS: Chart Pattern: Price hit Support Area of Historic Bottoms Momentum: RSI (Relative Strength Index) hit Support, Advanced Bullish Divergence Machine Learning (ML): Price Action hit Linear Regression Channel Support Funding Rates: Negative, supports Bulls We update our ideas daily and so, don't forget to bookmark this page for updates!
BITSTAMP:BTCUSDLong
by Elysian_Mind
6
MCD Long; 150EMA Support - Risk:Reward Of 62:1This trade setup is pretty simple and doesn't require any rocket science. McDonald's, or MCD, is a component of the DOW30. MCD has been in a trading range on the weekly chart for quite some time now. We are currently at the bottom of this range, providing an excellent opportunity to get long. I'm using covered calls in this name to get long the stock at as cheap a price as possible. The RSI show at label (A) is finding support in the oversold zone we have seen it bounce from before. In addition, we have moved off the 150EMA Weekly, which if you look at the green ellipse has previously held up since about 2007-2008 (not shown in this chart). There are two long possibilities here for me: 1) Buy MCD at 93.68 and Sell the Oct. 100 Call for $0.27 making your cost basis $93.41. With our stop on a close below $93.05 we are risking about $0.36 to make a maximum of $6.59. That's a risk reward of 18:1. 2) 1) Buy MCD at 93.68 and Sell the Oct. 97.5 Call for $0.57 making your cost basis $93.11. With our stop on a close below $93.05 we are risking about $0.07 to make a maximum of $4.39. That's a risk reward of 62:1. (I traded #2) The risk reward is assuming we could close out the position on the penny. This of course is not entirely true because we do not know how far below the market can close. It give you an idea however of just how well this trade is setup. You can tailor your stops to your liking. For example from this level, my stop is on a close below $93.05 or a touch of $92.35. This is because I never risk more than 2% on a single trade. I traded play number 2 because it brought my cost basis closer to the EMA reducing risk, while limiting profit. To compensate I doubled the size of my MCD position so the profit would match that of Trade Play #1, with my total risk being less than 2% still, and appropriate stops in play as mentioned. $97.50 is the closest and more likely target, with $102.00 being the top and more extended part of the range. So by using the $97.50 calls and doubling my size, my chances are better yet that I will achieve the same profits as Trading Play #1, simply because it only requires MCD to head towards $97.50 and not $102.00. Good luck, and may the markets be ever in your favor!
NYSE:MCDLong
by TheProfitcy