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Oversold

ETH- Pullback or march toward the NEXT MAJOR RESISTANCE LVLHello everyone! BTC dominace lvl has gone down a little and, we start to see more trading volume flow into retail's favorite crypro exchange coinbase as its trading volume increased 50% recently. Retail money is what makes the uptrend move sustainable! VPVR looks bullish as the price pierced through VA and both long term and short-term POC with long term trend line acting a strong support below. However, ETH is currently facing long term fib resistance (32.8) and previous support lvl . Furthermore, many indicators indicate the overextended status ( bollinger & ichi) and oversold status hovering around 75-80 on both daily and weekly timeframe In terms of magnitude, 8 straight weekly green candles is probably overheating. Next major resistance lvl is around 360. Buy on the dip within the buyzone if the price pullbacks. Please like and follow me if you find my analysis useful. Much appreciated!
by Libratus
BUY HAS @ 98.8 take +16%, stop -3%Hasbro is a big toy company, one of the largest in the world. Today is New York Toy Fair (21.02.2020) this may impact positively 1st quater of 2020 for HAS. The price on it's lows after weak earnings report, and it seems to me very pretty! Buy @ 98.8 Take @ 115.0 (+16%) Stop @ 95.0 (-3%) Close stop, long run! It may take a few months to get to the take, be patient. Low RSI. The stock price has crossed below the lower Bollinger Band, which gives us a buy signal. Lower support line @ 96.7 (D).
NASDAQ:HASLong
by Dolmatin1919
ROKU all out dumpTicker: $ROKU $ROKU dumped 20% in the last five trading days, all with a lower close than the day prior. Bears are in a great position especially with the help of the overall market weaknesss. A HUGE support ($116.26) is coming possibly on Monday, but definitely this upcoming week. Break that level and short is going to run with it. If we down to the extremes with 4 hour RSI under 20, I will potentially start scouting for an oversold bounce. I will be extremely picky because of the general market weakness and will monitor the correlation closely. Change the hourly trend with a higher low, and a high high; as well as break the pattern of the lower high every day pattern and that will be the first indication that a bounce will be playing out.
NASDAQ:ROKU
by DerekTradeEZ
1
BTC Double Bottom In Oversold Daily RSI & Fibonacci Following up from my previous BTC post I was looking at the possibilities of daily RSI forming a double bottom while the weekly timeframe RSI "cooled off". Fib extension looking to provide support at the .786. If we can do that I would expect to retest the last high around $10.5k. Bearish scenario could take us back to the $9,200's. Really is just about finding the best time to buy right now. Hype fuse isn't even lit yet.. Your grandma will be shilling coinz in the next bull cycle... could be sooner than later. Please Like & Comment ------> Lets Be Friends **even if we disagree** HAVE A GREAT DAY. LIFE IS A GIFT. Not Financial Advice. TABBOO LOVE: I Like BTC & XRP ---> Idea Below
COINBASE:BTCUSD
by MitchMilli
XRP Fib Redrawn With RSI Double Bottom & Golden Cross Near Have been watching a double bottom pattern forming on Stochastic RSI 1 Day timeframes across many major crypto with over bought condition on the weekly. The weekly charts are cooling off while a nice double bottom is forming in oversold conditions on the daily. BTC is a clear example (see idea below). I redrew the fib to the local trend and we are currently looking to retest the .618 resistance. Breaking above that would most likely give the moving averages the momentum to golden cross (blue 50 day over black 200). Declining volume so we could see a large spike to move the market in either direction. If a bearish shituation* plays out then I see strong support around 0.253-0.255 area. A break above the .618 would mean a retest of the resistance around 0.315. Please Like & Comment ------> Lets Be Friends **even if we disagree** HAVE A GREAT DAY. LIFE IS A GIFT. Not Financial Advice. BTC Double Bottom ---> Idea Below
COINBASE:XRPUSD
by MitchMilli
1
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. Please Like & Comment ------> Lets Be Friends **even if we disagree** HAVE A GREAT DAY. LIFE IS A GIFT. Not Financial Advice.
KRAKEN:ZECUSD
by MitchMilli
2
BTC Golden Cross On The Daily Despite Recent Sell OffAfter a healthy uptrend BTC has met resistance on the major diagonal resistance line drawn from the 20k & 14k peaks. Despite a strong rejection we have still managed to get a Golden Cross on the daily chart . Stochastic RSI in oversold conditions. However, We are in overbought territory on the Weekly timeframe in Stochastic RSI . Looking at moving averages for support out fist one would be the 50 day around the $8,500 region. We need to breakout of the diagonal resistance before we can put our moon suits on. That time only grows closer each day. Could see a double bottom get printed in daily Stochastic RSI in oversold condition while the weekly cools off. There is definitely some downside potential for BTC and the market overall in the short term. If your focused on the macro picture you know where were going long term. Double digit blocks soon to be a thing of the past ---> for ever. Please Like & Comment ------> Lets Be Friends **even if we disagree** HAVE A GREAT DAY. LIFE IS A GIFT. Not Financial Advice.
COINBASE:BTCUSD
by MitchMilli
XRP Respecting Trend 1D TimeframeSince my last post XRP has rejected off the top of the pitchfork and fallen to the bottom of the pitchfork where it is attempting to find support. Stochastic RSI falling to oversold conditions. We are potentially refueling before another big leg up. 50 day moving average turning vertical looking for momentum to make it over the 200 day moving average. If your minds on your money then strategically put your money in the markets ;) Not Financial Advice.
COINBASE:XRPUSD
by MitchMilli
EURCHF swingAnalysing the weekly chart on Eurchf, it has been in a bearish trend since April 2018. With uncertainty regarding brexit, euro has been declining for a long amount of period, where we can see that it has reached a peak, an oversold market. In the next few weeks, Euro is expected to gain strength through monetary policies and manufacturing Pmi. Another POV, on the weekly chart, possible formation of head and shoulders or a breakthrough to create an uptrend, breaking 1.20033. Look for buys in current price. Target is 429 pip. However tp3 covers 542 PIPS.
Long
by Pelankit
BTC.D Oversold Bounce? | Alt Coin Pull Back? Firstly Happy Valentine’s Day and welcome to another Crypto Update! Today we will look into the BTC.D chart to identify where the greater market is headed. The BTC.D is likely to experience an oversold bounce which may lead to a probable pull back in the current ALT season. Points to consider, - BTC.D broke key support line - All key moving averages broken - Testing local support - RSI in oversold conditions - Stochastics trading in lower regions - Volume spiking The dominance showed a lot of weakness when the key trend line was broken, this initiated the overall Alt season. All key moving averages where broken at the same time, which puts more emphasis on the bearish projection. Current support being tested is a critical area; a bounce here is probable to cool of all technical indicators. Currently the RSI is in oversold conditions, historically this leads to an oversold bounce back into neutral territory. The stochastics is trading in the lower regions, can stay here for an extended period of time, however lots of stored momentum to the upside. Volume is clearly spiking, confirming a true breakout of a key trade location. A break of this current support will continue with bear momentum. Overall, in my opinion, a bounce is highly probable from such oversold conditions. The BTC.D is testing critical support, if this does not hold, then expect a prolonged Alt season. What are your thoughts? Please leave a like and comment, And remember, “In order to succeed, you first have to be willing to experience failure.” ― Yvan Byeajee,
CRYPTOCAP:BTC.D
by AzizKhanZamani
EURUSD : Which Cypher ? Hi. At EURUSD, first the Bearish Cypher Pattern worked and we came down. Now for the work of Bullish Cypher Pattern, A closing on the Blue Trendline is required. There is not much hint when we look at COT Net Positions : Only 2% Position increase is observed on Autonomous LSTM Adaptive Period. Let's follow the Blue trendline. 1W Chart Status : And we are under the influence of Bearish Cypher whenever we cannot break this trend line. It should not be forgotten. Finally, if you think this analysis is useful to you, press the LIKE button ) Regards.
by Noldo
EURJPY Long SetupHello, we have moved to some more oversold territories. The Buy Signal has also observed. The analysis currently includes a nice Risk / Reward Ratio. And I think you can try. But let's not get loaded because if we fail we have the opportunity to try again. I think this analysis may have less risk in the following parameters: Risk/Reward Ratio = 1/3 Position Size = %0.05 Stop-Loss : 119.669 Goal : 121.058 Don't forget to look Related Ideas to understand this analysis' Main Structure. Regards.
Long
by Noldo
Coffee has taken a dive, now looks ready to rally againPost the sugar-rush of speculative buyers, the commodity sold off heavily, gapping through a short term uptrend-line. Now the commodity, represented by the ETF JO, looks to be stabilizing at the 38.2% Fibonacci level from the Dec 13 high. Moreover, we see a cluster of moving averages, including the 200day Exponential Moving Average at this level. Given the current risk-on, and dollar-down environment, coffee should be supported moving forward. This sell-off is overdone, and other soft commods such as Cocoa and Sugar have performed splendidly in recent weeks. There is no reason for Coffee not to do the same. I am targeting new near term highs, and a 141% extension from the previous rally off the lows.
JLong
by MT-Macro
EUR/USD Daily - Possible Bullish ReversalTuesdays close on the 1D chart gave us a bullish hammer. Depending on the outcome of Wednesdays daily close we may have a sign for a bullish reversal. RSI is sitting around 35 which may also give the indication the trend has tired out. Strategy: Wait for Wednesday close. If we close above 1.1025 (the hammers high) then I will be looking for a long position. If we close below 1.1000 the possibility of bearish continuation is in sight, then I will be opening a short position.
by theConsultant45
1