Double
XRP Last Round In The Chamber Last fib level for reversal Stochastic RSI heavily oversold. Seeing a possible double bottom pattern playing out right now. Exciting times if you remember the days prior to last ATH when XRP teased us at this exact same price range. Interesting to say the least...
Not Financial Advice.
ZEC Looking To Double Bottom In Oversold Territory On The Daily ZEC pulling back along with the rest of the market. It has golden crossed on the daily timeframe. Stochastic RSI is oversold. The weekly timeframe RSI is Overbought similar to BTC. ZEC currently attempting to find support on the 50 MA. Thinking we'll see the weekly RSI cool off resulting in the daily RSI turning south in the days ahead to make a double bottom formation. Price could retest the upper $40's potentially. I would suspect candle body to bottom around $55 but that is highly speculative. If you know anything about ZEC is this thing prints insane wicks all the time so watch out with your stop loss. At least consider that in your trading strategy this is a real easy one to get stopped out in rather frequently. Its worth noting that on January 14th or 15th ZEC saw what looks to be its highest amount of buy volume ever recorded. I am long term investor with bullish view overall. Think the charts are showing some bearish potential for the days ahead. Say what you will about Zcash but remember this one thing....
It was once listed for $2,200,000 each. Ridiculous as it may be it still is a fact. Calculate the risks you take.
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Not Financial Advice.
USOIL long, Double Bottom, Supply DemandHello Traders !
Nice move on USOIL. We can see a nice double bottom formation and I expect it to go up to the Supply Zone.
Let me know your view on USOIL and what you think about my Analysis.
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Thank you and we will see next time
- Darius.
CHK hits support and will bounce to 0.96 All indicators are lining up and it has obviously hit support. In my opinion, this is a decent long because of indicators and high volume.