WORK 1-2 week swing trade ezpzOversold on RSI
History of trading between $30 -$34
Strong support around $29-$30 area
Oversold
Severely oversold $NXTC #LongWay over sold imo - interesting setup.
This is incredibly oversold easy target of $20. Get long just a beautiful setup.
The sales Q/Q are +1,549.10% (Bullish)
EPS Q/Q +218.20% (Bullish)
Profit Margin is -65% (Very Bearish)
Debt/Eq 0.01 (Bullish)
Current Ratio 40.10 (this is good)
P/B (0.77) (Bullish)
EPS -106.80 (Bearish)
XRP/USDT - Long - Potential 18%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: XRP/USDT
T/F: 1 HOUR
LENGTH: Medium
RISK - Medium
ENTRY: 19941
TP1: 20487
TP2: 21216
TP3: 22189
TP4: 23546
SL: 19229
NOTES:
- Be cautious with recent BTC uncertainty - follow with stop losses
- Uptrend
- Sat on Support Zone
- Support Rejection Candles
- Oversold on RSI Deviance
- Resistance>Support Flip
KEY:
BONUS TP - It could continue to rise to a significant high although it is either very long term or a high rist target. REcommended to follow by securing profits with trailing stop loss.
LENGTH:
SHORT = 1-2 DAYS
MEDIUM = Less than 1 week
LONG = Less than 1 month
RISK:
LOW = E.G Stong support // Multiple bounces // Strong uptrend // Oversold // Breakout > Pullback > Support // Rejection Candles
MEDIUM = E.G Broken support // Trend Reversal // Consolidation
HIGH = E.G Not fully brokend Support // Overly mature uptrend
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am
BAT/USDT - Long - Potential 17%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: BAT/USDT
T/F: 1 HOUR
LENGTH: Medium
RISK - Medium
ENTRY: 2553
TP1: 2634
TP2: 2708
TP3: 2986
SL: 2456
NOTES:
- Be cautious with recent BTC uncertainty - follow with stop losses
- Uptrend
- Sat on Support Zone
- Support Rejection Candles
- Oversold on RSI Deviance
- Resistance>Support Flip
KEY:
BONUS TP - It could continue to rise to a significant high although it is either very long term or a high rist target. REcommended to follow by securing profits with trailing stop loss.
LENGTH:
SHORT = 1-2 DAYS
MEDIUM = Less than 1 week
LONG = Less than 1 month
RISK:
LOW = E.G Stong support // Multiple bounces // Strong uptrend // Oversold // Breakout > Pullback > Support // Rejection Candles
MEDIUM = E.G Broken support // Trend Reversal // Consolidation
HIGH = E.G Not fully brokend Support // Overly mature uptrend
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am
IPWR reaches 3-month high of $6.82, gaining +247.96%In comparison, the broader Electrical Products Industry returned 78% over the same period. Tickeron A.I.dvisor analyzed 43 other stocks in the Electrical Products Industry over the same period and found that 31 of them (72.73%) exhibited an Uptrend while 12 of them (27.27%) exhibited a Downtrend.
IPWR in Uptrend: Stochastic indicator peaks and leaves oversold zone
Leaving the oversold zone means the ticker price trend may be in a reversal from a Downtrend to an Uptrend. This is a chance to buy the ticker or explore call options. Tickeron AI shows that in 64 of 71 cases where IPWR's Stochastic Indicator exited the oversold zone, the price rose further within the following month. The odds of a continued Uptrend are 90%.
Bullish Trend Analysis
The 50-day Moving Average crossing above its 200-day Moving Average indicates a buy signal, due to the trend repositioning higher. Tickeron AI shows that in 2 of 2 cases where IPWR's 50-day Moving Average crossed above its 200-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 90%.
Trade idea for USD/JPYWhen we have a look at the chart we can see that the price is trying to break below a resistance zone that held pretty good before. We can also see that the RSI indicator is very low. This is an indication that the price is going to revers. We can also see that there is a divergence happening if we open the MACD indicator. This are all good indicators that the price is going to go up.
Please let me know in the comments what you think of it.
If you like the idea do not forget to give it a like and follow me for ideas.
If you have any questions, feel free to PM me.
Turtle soup plus 1 - reversal of new 20 day low
1.Seeing to take advantage of a failed breakout on a new 20 day low, the next day reversal ( plus 1).
2. There is a 'modified' ANTY signal - taking advantage of wave function 'oversold' levels' in a corrective technical action
3. modified ' momentum pinball, as not quite reached 20 line but again at levels where up cycle occurs - looking for 2-4 days only swing trade
BBBY Over Reaction bounce back Swing TradeBBBY tanked down -24% after bad earnings and stores closing
This is great over reaction bounce back swing trade in my opinion.
I will be watching price action to see where the potential the bottom is so I can take a position.
Depending on your entry the ROI is 20%+
ADA/USDT - LONG - POTENTIAL 6%PAIR: ADA / USDT
T/F: 1HR
LENGTH: SHORT
ENTRY: 9614
TP1: 9993
TP2: 10219
S/L: 9491
NOTES:
- Sitting on support
- Breakout to pullback
- Strong Uptrend
- Minimal resistance above
Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile.
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
BATBTC Trade Setup | Trend Reversal | Hidden Bullish Divergence Today's chart - BATBTC – Consolidating at key support; a successful re-test validates technical targets above.
Points to consider:
- Trend Reversal
- 21 EMA visual guide
- Hidden bullish divergence
- Stochastics oversold
- Low Volume
BATBTC testing trend support after a strong bull move into daily resistance, price respecting support level will form a higher low on the chart, indicating a trend reversal and will allow for trend continuation.
The 21 EMA will assist as a visual guide, price breaking and trading above the EMA is a confirmation of strong trend continuation.
Although trading below 50, the RSI confirms a hidden bullish divergence: price has made a higher low whilst the RSI has made a lower low, indicating a strong market accumulation. This also allows for ample space before the oscillator reaches overbought conditions as price breaks bullish.
Stochastics are also overextended, although they may remain there for some time, momentum has been stored to the upside.
Volume has been tapering off, indicative of an influx being imminent, likely to coincide with a break in either direction.
Overall, in my opinion, BATBTC needs to hold trend support and break above the 21 EMA to validate a conservative entry for a long trade to technical targets above.
What are your thoughts?
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
GTO/USDT - LONG - POTENTIAL 11%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: GTO/USDT
T/F: 1HR
LENGTH: MEDIUM
ENTRY: 84
TP1: 88
TP2: 94
TP3: 98
SL: 81
NOTES:
- Big breakout potential
- RSI Deviation Oversold#
- RSI Trend Bounce
- Bullish Symetrical Triangle
- Pullback sitting on strong support
- If support holds then it should continue uptrend
- Uptrend
- S/R Potential Flip
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
RLC/USDT - LONG - POTENTIAL 24% - ALL TIME HIGH???PAIR: RLC / USDT
T/F: 1HR
LENGTH: MEDIUM/LONG
ENTRY: 7295
TP1: 7514
TP2: 7972
TP3: 9022
S/L: 6848
NOTES:
- Sitting on support
- Oversold on RSI Deviation
- Warning could breakdown hard based on historical movement
- Breakout to pullback
- Strong Uptrend
- Minimal resistance above, could see a new all time high
Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile.
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
Overbought to Oversold - Keep It Simple, Stupid!After exploring the depths of profit taker heaven and stop loss hell, after combining many different indicators, finding correlations with momentum, trend, volatility, you name it... After trying to adjust the strategies to different assets, asset classes, market conditions... After finding out that each of these steps are way more difficult than I thought and will require much more rigor and a start from scratch...
I remembered the golden rule of strategy...
"Keep it simple, stupid!"
When others are buying like rabid dogs, you sell...
When others are selling like mad monkeys, you buy...
When others are greedy, you are fearful... When others are fearful, you are greedy...
So, we trade from overbought to oversold. No profit takers, no stop losses, no optimization for a specific stock or time frame or asset class, no correlation with other indicators... Just overbought to oversold.
Win rate of 90+%, profit factor of over 5.0, compared to holding the stock indefinitely with a loss of 80%.
Happy trading!
IOTX/USDT - LONG - POTENTIAL 7%PAIR: IOTX / USDT
T/F: 1HR
LENGTH: SHORT
ENTRY: 5550
TP1: 5605
TP2: 5730
TP3: 5960
S/L: 5400
NOTES:
- Sitting on support
- Oversold on RSI Deviance
- Breakout to pullback
- Strong Uptrend
- Minimal resistance above
Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile.
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
DBS - resumption of slow road to recoveryAfter hitting a high of 23.58 recently, DBS has been pulling back in the last 2 weeks cumulating to a low @ 20.63 yesterday but quickly recovered to close a bullish pin bar. Now it that has "successfully" tested the 50% fibonacci retracement of the recent swing up plus having worked off the overbought position to near term oversold now. It looks ready to resume the slow climb back up. (with stop loss just below yesterday's low 20.63)
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade adviDisclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.ce. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
ZIL BTC | Trend Reversal | Flow | Key Fibonacci LevelsTodays analysis – ZILBTC – trading in a possible descending channel, currently testing local support.
Points to consider:
- Flow in the market/price action
- Respecting key Fibonacci levels
- Resistance Confluence
- Trend Reversal
- Low Volume
- RSI below 50
ZILBTCs healthy counter-trend and strong continuation adds legitimacy to the money flow.
The previous swing-low respecting .618 Fibonacci retracement is indicative of a current retrace to .618 Fibonacci level.
The .618 Fibonacci level also coincides with descending channel resistance. A rejection at this level will solidify a trend reversal with a lower swing high.
An increase in volume is necessary to add legitimacy in the overall market.
RSI attempting to recover from oversold conditions. A countertrend will neutralise and prime the oscillator for a trend continuation.
Overall, in my opinion, a short trade is validated at the rejection of the resistance confluence with a technical target of local support.
Entering the trade at resistance confluence consents immediate trade invalidation (price trading beyond resistance zone), mitigating overall risk.
What are your thoughts? Let me know in the comments below!
Be sure to leave a like and follow me for daily chart updates.
As always, focus on you - and the money will too!
30min timeframe RSI bot works!:)I decided to put my money where my mouth was, and trade based off the RSI. I made a BOT that would trade LTC off 30 and 70 Low and high RSI. It would buy at 30 rsi on the 30min and sell off the 70. It worked...but it could have done better. It would buy then the price would drop lower and then come up or sell and the price would go up and then come down. It had a very sensitive trigger in other words. But it saved itself a few times and sold right before a drop and didn't see any massive losses. I think, the worse it saw was -.61% and after a month it is at 6.8% gains. All use stop loses and this is not ADVICE
This chart are my sales. I made fewer sales to catch a higher or lower price. It's a solid process and I think using leverage I might be able to capitalize on it.
DJI LONGI see a wedge and a retest. I believe considering fed QE strategy, DJI will rise to around 29500.
USDJPY - RSI & Stochastic Oversold! - and other confirmationsHi Traders!
The market is in a strong Downtrend.
As you can see the market also reached the Support.
The momentum of the price decreased too.
The market is at the moment in a descending wedge.
The Trading Idea is simple: Just wait for the Break of the Upper Trendline.
We have these confirmations now:
RSI is oversold
Stochastic is oversold
Market at daily Support
Decrease of Volume after High Price Action
The faster the market reaches to a S&R Level,
the deeper it bounces back (in usual situations).
We recommend to trade the Breakout with a wide SL.
Thanks and successful Trading :)!
Macy's way oversold on the dayI know this is going to take a turn here in session. Way oversold and below VWAP. CFO had some comments that where realistic and shorts came to pounce on it. Nothing material since they just closed more-than-100% their marketcap with this round of financing.
Looking to 430PM EST as the CEO is live to the nation talking about positive foward looking statements that will hopefully send the shorts home packing.
Load up here and have a 10% stop loss.
Won't be surprised at all if this closes in the Green as the S&P is starting to take a turn.
Support zone & Sideways moving comingThe upper line of the channel should be support zone beside that it could reach 1.2450. So I wait for one more upside movement to a little new high to 1.2660 - 1.27 resistance. And after that coming a backtest once again so we should prepare for sideways trading. My view is on the Elliott pattern.
I do NOT like the pejorative phrases like OVERBOUGHT/ OVERSOLD in the trend, but in the sideways movement, I take the overbought/oversold situation seriously in bounded indicators like RSI, Stochastic etc.
So if I am right in the sideways view then Overbought will create a falling and vice versa.