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Oversold

Falling Wedge- BullishSPCE starting to catch my eye here after selling off for quite some time in addition to getting beaten down amidst all of the intraday volatility. SPCE holding a big falling wedge, buyers starting to step in, RSI finally starting to come out of oversold territory. Additionally worth noting that SPCE has a space flight next month could act as a catalyst.- Bullish and will be looking for a breakout from this wedge (Broader Markets Permitting) - Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on in the meantime - Bullish and looking for a breakout from this wedge - (See charts attached in the description below) - Falling Wedge on the 4-hour and Daily Timeframes - MACD Cross & Bullish Hidden Divergence on the RSI on the Daily & 4-Hour Timeframe (See Attached Chart Below) - Small Gap Fill on the Upside Circa $23.03-21.74 (See Attached Chart Below) - Bollinger Bands Squeezing & Buyer Volume Starting to Pick Up Relative to Seller Volume PT1- $15.09 PT2- $15.90 PT3- $16.44 PT4- $16.87+ --4-Hour Timeframe--
NYSE:SPCELong
by jacobosiason7
1
ADA - The BB Middle Band Basis is a crucial level on the dailyADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA on this 1d timeframe. Note that ADA has not closed a daily candle above the BB Middle Band Basis since 13th Nov 2021. ADA needs to 100% CLOSE a daily candle back ABOVE its BB Middle Band Basis and successful retest as support for any recovery to look promising. ADA has found some support from its Least Squares Moving Average (LSMA) level. Note that a daily close below the LSMA will be a potential sell signal for this 1d timeframe. Using the 20,60,120,30 settings we can see that ADA is still well within the Bearish Zone of the Ichimoku Cloud and has a long way to go before it can attempt to get back in the Equilibrium Zone. ADA is in a Falling Wedge Pattern on this 1d timeframe. This Falling Wedge Pattern is potentially BULLISH as it’s developed after the previous uptrend so it could be a Bullish Continuation. The Dashed Black line is a major support and ADA has bounced off it as support 3 times over the last 7 Months. A daily close BELOW this level will be a sign that we may see further downwards momentum on this 1d timeframe. Note that ADA is below its VPFR POC for the fixed range of 13 daily candles that i have selected. Note that ADA is also still way below its VPVR POC for this charts visible range. Note that Volume is still low on this 1d Binance chart and the last 9 Daily Volume Bars have been below its Volume 20 Period Moving Average. If we look at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Basel Line on this 1d timeframe. Note that the MACD Line (Blue Line) is still above the Signal Line (Orange Line). If the MACD Line (Blue Line) crosses below the Signal Line (Orange Line) then that will be a sell signal on this 1d timeframe. Note that the MACD Line (Blue Line) has not be in the Positive Zone above the 0.0 Base Line since 17th Sept 2021. If we take a quick look at the Stochastic (STOCH) we can see that the %K Line (Blue Line) is under the %D Line (Orange Line) and at the moment is also starting to slope slightly upwards and is out of the OVERSOLD ZONE of the STOCH indicator but note that it is a fast reacting indicator. Be on the look out for if/when the %K Line (Blue Line) crosses back ABOVE the %D Line (Orange Line). ADA needs to stay ABOVE the LSMA and ADA especially needs to stay above the Dashed Black Line which is a major support line. If ADA cannot CLOSE back ABOVE the BB Middle Band Basis on this 1d timeframe then ADA will continue to go downwards over time. This goes the same for BTC, the BB Middle Band Basis is a very crucial level to keep an eye on. I hope this is helpful with your Trading and Hodl-ing. Notes: Falling Wedge Pattern = Descending Converging Black Lines on Chart Major Support Line = Ascending Dashed Black Line on Chart LSMA = Black Squiggly line on Chart Bollinger Bands = Grey Bands on Chart Ichimoku Cloud = Red and Green Cloud on Chart VPFR POC = Short Horizontal Red Line on Chart VPVR POC = Long Horizontal Red Line on Chart Volume Bars = Bars Bottom of Chart Volume 20 MA = Orange Line going through Volume Bars on Chart
BINANCE:ADAUSD
by TradingThroughTheLens
4
ADAUSD Tries to RecoverImportant things to note: BTC is showing oversold on 1D timeframe. BTC has retested previous low like I said would happen in my last update. BTC has either found its bottom or retest 42k before heading up. On chain data shows typical weakness but nothing indicating a bear market. Total2 and 3 both look like they are near the bottom. Structurally, the alts don't look bad, they needed to pullback for accumulation. If you don't know how to time the pullbacks, look at BTC 1D RSI. ADA looks about as expected during this pullback. It has tried to recover twice when oversold, but BTC pushed it back down. That shows there is buying interest in ADA, V shaped recovery likely. You can see on the chart where oversold conditions precede recoveries. The recovery will make another basing pattern that has flushed out the weak hands. This is a great time to buy. Important dates to note: Evergrande payments (largest payment of 2.1B due March 23, 2022). FED bond tapering (updates coming on Dec 14th and 15th). I feel a bit better so I wanted to start putting out charts again. Let's start with on chain data. From what I can see, there is no indication of a bear market, there is just weakness due to the pullback. Therefore, I must assume the bull market will continue. BTC is showing oversold on the 1D and has retested previous lows, however this does not mean it cannot retest 42k before heading upward. If you take a look at the Total2 or Total3 charts, they look almost exactly like most of the alts right now. The structure isn't bad, this will just cause accumulation. This pullback is very needed and if we can assume we are still in a bull market, the breakout due to this pullback will be very nice. You can see that ADA showed oversold on RSI previously which is a great indication of a bottom. ADA has tried to recover twice during this period but the first time it was pushed back down due to BTC. The recovery for ADA is likely to be V shaped. I have showed exactly what I believe the recovery will look like and I have said this before in Oct. This is a great time to buy, I have been doubling down on various alts I think will move, and I picked up some more BTC during the pullback as well. However, there needs to be a bit of caution because the FED is going to update everyone on the tapering tomorrow and Tuesday. If Jpow says something crazy, the market will react. I expect more aggressive tapering because otherwise we will have stagflation and the politicians will never want that on their record. Thanks again everyone! Tell me what you think? This is not financial advice. DYODD.
Long
by mysticalwalrus
29
Oversold, Low Volume, & on the 200 EMA Is the sell-off over?Good afternoon, Today we are looking at the ARPA/USD on the daily chart. In October, we saw the price of ARPA rise 276% on the news of a Coinbase listing. Since then, the price structure began to retrace, exacerbated by the recent Bitcoin "flash-crash." The good news is we are beginning to see the average selling volume on the daily chart below the average daily volume before the Coinbase pump. RSI is showing oversold. MACD is beginning to turn. Price is currently sitting at the 200 Day EMA, which should be a strong support area. Is this the bottom? No way to tell, but I think we're pretty close baring any erratic price decline from Bitcoin. If the price breaks through $0.115 Next two targets are $0.148 & $0.175 If price breaks down; Next two targets are $0.07 & $0.045
by MrCash1985
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 UnknownUnicorn20731539
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 UnknownUnicorn20731539
$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