Bitcoin short-term view - oversold but second leg possible (a) BTC currently at $23.056 - $23.115 (FIB golden pocket) - RSI oversold (b) a second leg down to FIB 78.6% at $22.807 possible Maybe we see a bullish divergence from there and some recovery dear Crypto Nation *not financial advice do your own research before investing
Technical Analysis Oversold with weekly William %R and RSI starting to show reversal signs. Daily RSI crossing above 50 and looking ready to curl upwards. Price consolidating between $2.60 - $3 Broke out of the wedge. Price Target Buy between $2.60 -$3.00 or above $3 for confirmed breakout. Analyst Price target: $4.6 ( Fib Level Price Target of...
Technical Analysis (TA) Weekly oversold and needs a break above -20 William %R to start a potential mean reversion play to $3.50 Lacks a catalyst so it will be worth waiting until the end of this week to see how price responds to the 1D 50EMA level. Price Target Entry: $2.15 Target 1: $3.38
Technical Analysis ( TA) Weekly William and RSI look very oversold so I am expecting a mean reversion to at least 0.20 Daily chart is showing initial signs of the mean reversion/reversal but its not let confirmed on the reversal until we cross the 50EMA. Price Target Entry: 0.175 - 20.5 Target 1: 0.25 (+40%) Fundamental Analysis (FA) Financial...
Technical Analysis (TA) Monthly oversold and Williams %R showing signs of a reversal. Weekly MA's resistantce broken and held key 100MA as support. Needs to break Monthly 10EMA to show upside momentum. Price Target Entry : $281 Price Target 1: $315 Price target 2: $350 Fundamental Analysis (FA) Strong Quality Screen and metrics.
The pair has dropped significantly in the past few months and is oversold on the daily and weekly timeframe. In addition to that,the price has closed above the support level twice now and has formed a double bottom pattern with bullish divergence on the daily timeframe. This is a clear indication of a bullish retracement in the coming weeks. Initial targets...
I will keep this brief: 1) Price has dropped over 98% (!) from ATH 2) RSI is as oversold levels, descending wedge forming 3) The falling wedge drawn 4) It has printed red candles for a consecutive 10 weeks. How much more can it drop? 5D BTC pair chart looking nice too Can the price drop more? Sure. But after a 98% correction? I am willing to say chances...
Hello,Traders! GOLD was trading in a loose falling bullish flag Then the price broke out to the upside Which together with the fact that gold was oversold Makes us locally bullish biased So we will be expecting a move up after the Retest of the broken level Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Bitcoin short-term view - BTC at SMA and EMA support (a) price at SMA200 and EMA50 (4h chart) that should give BTC some support (b) RSI oversold since some July 13th A second leg down possible - maybe with a bullish divergence dear Crypto Nation *not financial advice do your own research before investing
1 week frame shows it has reached the support level and near to the oversold zone. Just for information purpose
Peloton Short Term - We look to Buy at 8.66 (stop at 7.14) We are trading at oversold extremes. Due to an Ending Wedge formation, we continue to treat extended losses with caution. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 12.95 and 15.00...
NI has currently a pretty nice position from the technical point of view. The market conditions are oversold and an entry can be considered. Target is $32.50 and probably a break at $33 if we are patient!
EURGBP Intraday - We look to Buy at 0.8425 (stop at 0.8395) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. A higher correction is expected. We look to buy dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit...
Oversold it is, higher it must climb, until lower it gets again. Bounce coming- likely. Bull run again- unlikely imo. Every bottom lifts VIX to >40 and true capitulation usually triggers trading halts. Didn't see these yet; not done. Bear markets are not quickie corrections that serve as dips to buy. They grind on for months or years, median 17 months. Don't...
We may see a spike down during the weekend but despite that we do have an oversold condition while BTC sits at the 1.13/1.618 Pattern Completion Zone of a Bullish Shark Visible on the Weekly and if it plays out we could see it rally up between a 0.382 at the least and a 0.55-0.618 Fibonacci Retracement if the pivot is strong. If BTC wicks down during the weekend...
Buy nkn now , very oversold. Do your own research. Dont trade based on my ideas. Goodluck!
On the weekly chart above: 1) RSI has been heavily oversold for quite some time. 2) Bullish divergence as drawn, RSI forming descending wedge. 3) Price has declined over 90% from ATH. Also the 3D BTC pair below breaks out of resistance quite decisively and prints a bullish engulfing candle (Also BE candle printed on 1W BTC pair. Wow!) Initial targets 41-54...
We are oversold on the indices and will be looking for a bounce...dnt know if its just temporary relief or the bottom....I dnt care actually I will just carve up my piece of the meat:)... buy stop at 6475. . . . .(already pocketed gains from the short see attachment)