We need more people like this in the community!
People who help to clear up doubts, many people here have difficulty doing these readings... That's it, learning and teaching...
Congratulations Bruno.
Bruno Roos
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📊 Learn How to Read Indicators!
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Let's use this image as a practical example to understand the main indicators that help predict market movements. Check out what each one is showing:
📈 1. Bollinger Bands (Yellow, Pink and Purple Lines):
The candles are breaking the upper line (UP), indicating that the price is overbought.
⚠️ When this happens, the price tends to retreat or stabilize. Stay tuned!
📊 2. Volume (Green and Red Bar Chart):
Notice the increase in green bars! This shows strong buying pressure.
🔎 If the volume starts to fall while the price rises, it is a sign of weakness.
📈 3. RSI (Relative Strength Indicator):
The RSI is at 91.65, well above 70, indicating extreme overbought.
⚠️ This is a warning that the asset may be close to correcting.
📉 4. MACD (DIF and DEA Lines):
The MACD is still positive, showing an upward trend.
But be careful: if the lines start to cross downwards, it may be a sign of reversal.
💡 Practical Summary:
Strong volume? 🚀 The rise may still continue.
RSI above 90? ⚠️ Beware of corrections.
Candles above Bollinger? 🔄 Be aware of a possible drop or lateralization.
Reading the indicators helps predict what comes next. Study, observe and make strategic decisions! 💹
$BTC $PROM $DOGE
-
Let's use this image as a practical example to understand the main indicators that help predict market movements. Check out what each one is showing:
📈 1. Bollinger Bands (Yellow, Pink and Purple Lines):
The candles are breaking the upper line (UP), indicating that the price is overbought.
⚠️ When this happens, the price tends to retreat or stabilize. Stay tuned!
📊 2. Volume (Green and Red Bar Chart):
Notice the increase in green bars! This shows strong buying pressure.
🔎 If the volume starts to fall while the price rises, it is a sign of weakness.
📈 3. RSI (Relative Strength Indicator):
The RSI is at 91.65, well above 70, indicating extreme overbought.
⚠️ This is a warning that the asset may be close to correcting.
📉 4. MACD (DIF and DEA Lines):
The MACD is still positive, showing an upward trend.
But be careful: if the lines start to cross downwards, it may be a sign of reversal.
💡 Practical Summary:
Strong volume? 🚀 The rise may still continue.
RSI above 90? ⚠️ Beware of corrections.
Candles above Bollinger? 🔄 Be aware of a possible drop or lateralization.
Reading the indicators helps predict what comes next. Study, observe and make strategic decisions! 💹
$BTC $PROM $DOGE
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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