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Oversold

VERY SIMPLE STUFF HEREWhy overcomplicate? This has been coiling for over 4 years, lawsuit is bullshit, metrics like acc wallets, issuance, volume incentives going down, growing more decentralized everyday AND used at enterprise level... Also airdrop-era is upon us, 2022 I think we will see more airdrops than we ever have (EX. SPARK, SGB, SOLO, EXFI, etc) this inevitably creates more buying pressure on an already massively oversold asset. We will see how this plays out over Q1 & Q2
BITSTAMP:XRPUSDLong
by georgegrigoryan
4
Gap Fill- Bullish - UpdatePYPL approaching the end of a big falling wedge that it has been holding on the daily, 4-hour, and hourly timeframes for quite some time now (See Attached Charts Below). Starting to look nice here after holding the 180 mark nicely yesterday amid all the intraday volatility. Bullish and will be looking for a breakout from this wedge and for PYPL to go for the gap fill on the upside (Broader Market Conditions Permitting)- just some FIB levels along with some RSI based supply and demand zones to keep an eye on in the meantime- - Falling Wedge on the Daily, 4-Hour, and Hourly Timeframes - Bullish Crab Harmonic Formed - RSI Oversold - Slight Bullish Hidden Divergence on the RSI - Gap Fill on the Upside - MACD Cross on the 4-Hour Timeframe PT1- $192.32 PT2- $195.95 PT3- $201.41 PT4- $208.25 + Gap FIlled -4-Hour Timeframe- -Previously Charted-
NASDAQ:PYPLLong
by jacobosiason7
2
DKNG Oversold?DKNG has suffered from massive selling. The stock fell from its highs of $65 in September, to about $50. It consolidated for a month in a parallel channel and then broke below. Measuring the downside move from the bearflag/ABC pattern places DKNG at current levels ($35). We are currently sitting at a support level that was created back in October/November of 2020. Additionally, RSI reads that we are overextended to the downside. The last time we had a reading this low was at the same support from Oct/Nov. DKNG bounced about 40% from those lows. If we begin to close above this steep downtrend channel that we are in, we could look for a retest of the 0.618 fib level which happens to be around $40.
NASDAQ:DKNGLong
by Decam9
DIS Long after Selloff?DIS has sold off heavily post earnings. It is understood to be overextended to the downside if RSI reads below 30. The RSI is currently showing a reading of about 24. On the weekly chart, we are resting on the 100ma (~$150). I believe if buyers step in, shorts will begin to cover causing a relief rally. Historically, when DIS has shown an RSI reading below 25 near support, it has produced an upside move of about 6% off the lows. A 6% bounce from current levels is around a $160 price target. I would wait for a confirmation before going long such as a close above the 5ema.
NYSE:DISLong
by Decam9
ROKU looks oversoldROKU has not performed well over the last few weeks. It has been under heavy selling pressure since its last earnings report. I am considering a long position for 2 reasons. First I believe that the stock has sold off to an area of consolidation that may interest some buyers. It is a zone between 218 and 228 (rather large range). Secondly, and more importantly, the RSI has shown a reading of below 30 for a while. Historically if RSI has been below 20, it has proven to be a good buying opportunity for this stock. I think that a close above the 5ma will be a sign for a reversal of momentum. I think an acceptable target is 240 and then 245 after that.
NASDAQ:ROKULong
by Decam9
AUD/USD at the Extremes, RSI Critical - Potential scenario Hello Traders Here is a new BUY Scenario, after a correction. if this pair reached this point, here is the best position to buy This pair is quite oversold, i expect a bullish move 💹AUD/USD BUY STOP ✅ Entry @68.500 or above ✅TP-1# 68.700 ✅TP-2# 68.900 ✅TP-3# 69.000 ✅SL# 67.400 JamdeJam will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals
Long
by jamdejam
GBPJPY Bull Scenario 2 expected - oversoldHello Traders Here is a new BUY Scenario, oversold signals coming from the RSI and the Stochastics. This pair is quite oversold, i expect a bullish move, maybe until 149.800 - 150.000 Over this price, i think it will go down further between 136.000 and 132.000 💹GBPJPY BUY STOP ✅ Entry @149.000 or above ✅TP-1# 149.200 ✅TP-2# 149.400 ✅TP-3# 149.600 ✅SL# 148.400 JamdeJam will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals
Long
by jamdejam
$SIX Six Flags Oversold Contrarian PlayAs a theme park operator Six Flags is being beat down with all stocks that could potentially be affected by the Omicron variant, however we believe there's no appetite for more lockdowns and most people will carry on with their lives so $SIX could be a good contrarian play here as the technicals are all lining up. Price is currently below the lower Buy Sell Band and more than 15% below it's 50 day MA, Range Strength is very strong at 15.59 and Hurst Exponent very low at 0.26 indicating the pricing is in a non-trending ranging mode which is good conditions for a long reversal play back up to the 50 day MA.
SLong
by Click-Capital
Falling Wedge - Gap Fill- BullishUPST starting to look really interesting after seemingly finding a bottom after selling off post-earnings leaving a big gap to fill on the upside. Big falling wedge on the 4-hour timeframe along with a bullish cypher, RSI is also way in oversold territory. Bollinger bands are squeezing on shorter timeframes and buyer volume picking up. Bullish will be looking for a breakout from this wedge & for UPST to go for the gap fill on the upside (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime - Falling Wedge - Gap on the Upside to Fill - RSI Oversold - MACD Cross - Bullish Cypher Formed - Bollinger Bands Squeezing on the Hourly Timeframe PT1- $220.25 PT2- $225.94 PT3- $228.04 PT4- $256.38 + Gap Fill
NASDAQ:UPSTLong
by jacobosiason7
1
Intra-Wave Bitcoin TrendsBy taking a trend line from the beginning (20th July) of the current wave up along the previous correction low (21st September), we can visualize a trailing price of support. Bitcoin is trading in a falling wedge, while the MACD approaches a crossover. If there is sufficient momentum to push the MACD above 0 following a cross-over (price action to the upside occurs), a more prolonged move to the upside may be expected. The MACD is looking very similar to the beginning of the last wave up. Lastly, the stochastic RSI informs us that the price is OVERSOLD, which holds great significance on the daily charts, and we may be approaching a state of being OVERBOUGHT in the very near-future . The trend is your friend! Personally I think a 3 Trillion TOTAL CRYPTO Market CAP is realistic soon, so I can expect bitcoin to progress towards the $70,000 in the near future. This is not financial advice. Thanks!
Long
by thehunchos2003
1
#EURUSD trying to test long term trendline looking for support!!Hi All, my main 3 take-outs from this analysis are the following: 1- EURUSD is approaching the support area of 1.11 (actually it would be between 1.10 and 1.11) which is historically relevant 2- The cross is also trying to test the descending red long term trendline, which was brocken in August 2020 with volumes 3- The RSI in the weekly chart is in oversold territory and everytime this happened in the past, the price rebounded strongly. We might be very close to this to happen Not a financial advice, just personal opinion. Do your own due diligence and good luck!
Long
by FrancescoMerlettini
3
WISH - Possible a rebounce today. 1H chart RSI oversoldHi All, my main 3 take-outs from this analysis are the following: 1- The hourly chart shows RSI in oversold territory with high chances of a rebounce 2- Price might be retesting the resistence at arund 4.60$ in the next days 3- Still valid the possibility of an upward breakout of the descending wedge shown in the daily chart Not a financial advice, just personal opinion. Do your own due diligence and good luck!
WLong
by FrancescoMerlettini
3
Symmetrical Triangle - Gap FillKeeping a close eye on DIS here- Sold off after earnings leaving a big gap to fill on the upside. Holding a big symmetrical triangle on the daily timeframe along with a falling wedge on the 4-hour timeframe. With buyer volume should really pop- Will be looking for a breakout from this triangle (Broader Markets Permitting) - Just some support and resistance levels to keep an eye on in the meantime along with some RSI-based supply and demand zones - Bullish and looking for a breakout - Symmetrical Triangle - Falling Wedge on the 4-Hour Timeframe (See Attached Chart Below) - RSI in oversold territory - Slight bullish divergence on the RSI - Big Gap Fill on the Upside PT1- $158.76 PT2- $161.83 PT3- $163.67 PT4- $172.55 & Gap Filled 4-Hour Timeframe Previously Charted
NYSE:DISLong
by jacobosiason7
1