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Oversold

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.
Long
by MaBaCapital2
7
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.
Long
by Kryptochristian
2
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!
Long
by Kudiiee
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.
GLong
by Kryptochristian
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.
Long
by Kryptochristian
3
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!
AEducation
by ralphschraven
4
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.
Long
by Kryptochristian
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.
SGX:D05Long
by Juliac
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!
Short
by Kudiiee
4
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.
COINBASE:LTCUSDLong
by UnknownUnicorn5174798
1
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 :)!
Long
by swissmoneymakers
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.
NYSE:MLong
by GK-Trades
12
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.
Long
by MoodandMarkets
Usdchf is getting strong before continued sell offThis week im expecting some retracement on uschf before we see continued selling pressure. price seems to be over extended and is heading in an area of support. if on a lower timeframe we see a shift in structure from bearish to bullish and a break and retest of structure we can look for buying opportunities targeting 0.9650 area or even 0.9675. at those respective levels there is a very strong possibility price will continue its overall down trend.
Long
by lefergs
Fortinet - Flag on 10smaSoftware companies have really enjoyed the rally year-to-date. Fortinet shocked the market with a triple play in earnings, which resulted in a jump to start the "All-time-high Run" TWLO, SHOP, OKTA, TTD are some examples of stocks with very similar moves, indicating oversold territory in the RSI can stay oversold for longer than you might expect. Also, the 10-day-moving average has been very indicative in these charts. As long as we continue to hold the 10sma, the trend remains bullish.
NASDAQ:FTNTLong
by dorfmanmaster
2
BTC Dump to 8800 or 79001. Weekly stoch is oversold and reversal is eminent 2. Daily, 3 Day, and Weekly volume is near zero at 10k resistance. 3. Daily volume has been decreasing as we approach 10k resistance 4. Weekly candle is short with no wick. We couldn’t break 10k resistance 5. Bearish divergence on 3 Day stoch. Entering oversold range 6. 7, 30, 50 Day EMA are converging. Sign of reversal or consolidation. 7. 55 Day EMA has been consistent S/R over the past year. Test as support @ 7900? 8. High liquidity @ ~8800 & 7900. Targets 1 & 2 for short position POTENTIAL TRADE: Short Enter --> 9780 Target 1 --> 8800 Target 2 --> 7900
BITSTAMP:BTCUSDShort
by Riester
2