#DNT is ready for a ride#DNT can go for a nice ride once it breaks out of the triangle and forms an uptrend. ADX and RSI are very bullish so I expect this to happen very soon. Cheap coin with a good project, my bags are filled.
Rsi_oversold
Litecoin's down time is up. UPSIDE again!?Litecoin has been down trending for some time now.
Downside is about to end, as the charts suggest.
$197 looks quite a bargain price to bounce off which is the next support level.
The next support after $197 stands at around $169 which is major and bounce of this level will be quick.
MACD has been tangled for some time bouncing back and forth the orange line and the the tangle has deepened.
RSI is converging clearly settling at around 40 from 2 oversold scenarios recently which is again a bullish sign.
Also, as the Holidays are almost up which'll also be the factor to end downtrend as the New Year begins.
Happy new year.
Let's welcome 2018 with a big bang in Crypto.
Thank you.
Happy Trading.
USDJPY 4h Long- Trendline Bounce + Pivot Point Support + Low RSILooking at USDJPY on the 4h timeframe we can see a clear trendline bounce with 2 confirmation candles. Low RSI shows a clear oversold making the trendline hard to break. Adding to the support there is the pivot point just on the trendline. Targets towards the top trendline but being cautious of the MA zone that is on the P pivot point acting as resistance.
#SYNX is a good one#SYNX is consolidating and can form a breakout very soon. I expect #SYNX to bounce around the triangle a little longer before forming a strong uptrend. RSI is bullish and it is one of the few alt coins that has not really shot up yet. I expect great things in coming days
#KORE is extremely bullish#KORE is one of the few alternate coins that hasn't quite popped yet. RSI, Stoch, and ADX are all crazily bullish. I expect #KORE to bounce within the triangle a little longer before breaking out and forming an uptrend. They also have news coming in February so this coin is good for short and long term.
#EMC2 is going to make a nice rideI know EMC2 has had a rollercoaster of a past few weeks, but it is time to buy again. After the big dump we see it sitting at the support ready to bounce off for a quick gain. RSI is scary low and everyone knows EMC2 is capable of a pump at anytime. Buy and hold with a stop loss
Neo in reversal, breaking trendline soon, bullrun ahead!MACD in reversal, RSI looking good, volume is picking up.
Neo is going to break trendline soon, rising high!
Targets and timeline as indicated in the chart.
This is no financial advice,
Best of luck to you !!!
#MCO is looking bullishMCO is at a bottom and can really only go up from here. At most it will loose 5% more until it breaks out of the triangle. RSI is perfect and I really can't see it going much lower. Buy and hold for a few days.
#XCP is safe to enter#XCP is at dead bottom and is one of the few coins that has not pumped yet. RSI is bullish and MACD just crossed over. A breakout can form at any time based on our triangle and support. Buy and hold
ETC Buy OpportunityLooks like ETC is forming a Bullish pennant
A break of resistance trend would give us confirmation and a buy opportunity
RSI getting closer to oversold zone
AUDCAD Bullish PotentialBullish Gartley formation to the bottom of weekly ascending channel and RSI close to oversold conditions. ABC potential completion with divergence on the daily timeframe.
1) Never risk more than 2% of your account.
2) Try to be motionless by applying your strategy to the pip.
3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work.
4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.
RSI IndicatorThe RSI provides a relative evaluation of the strength of a security's recent price performance, thus making it a momentum indicator, values range from 0 to 100.000. If the RSI have values of 70.000 or above indicates an area of overbought, and a reading of 30.000 or below indicates oversold
#GNT is close to breakout#GNT is due for a breakout within the next week. RSI at 30 is too low and indicates a breakout. It will keep bouncing of the support and resistance until it breaks out of the triangle. Support at 2800.
#NXT looking bullish#NXT looks bullish based on support/resistance and RSI. Relative strength index around 30 indicates an oversold coin. We are looking to finish the triangle and wait for a breakout. Support at 3150.
USDJPY- Do it wisely.. Wait for the retrace & upper Bounce..Do it wisely.. Wait for the retrace & upper Bounce..
Don't try to Hurry up things.. you can mess it up..
From a point of View of Risk:Reward this is the best approach. Good Trades!
Good Spot To buyAt bottom of nice chan, RSI looking good, if it dont break threw this support then it would be a good buy, ride it to top of chan.
NZDJPY: Bullish Advanced Butterfly + RSI OversoldIm Waiting For a Strong Reversal Candle(1h or 2h) .Then Go Long Position
Example of the Relative Strength Index Indicator on BCHUSDThe relative strength index (RSI) is a momentum indicator. It is primary used to attempt to identify overbought and oversold conditions. It is considered overbought when the RSI indictor is above 70 and it is a sign to make a short, and oversold when is below 30 and it is a sign to make a long.
LONG LITECOIN AT $60At the moment I see LTC looking for some support at $60, according to my analysis this will be the period where it will signal that Litecoin has been oversold on the RSI and the perfect opportunity to get involved with this cryptocurrency.
Also, the 200 Day Moving Average shows another support at $58.50
Analysis: LONG BETWEEN $58.50 - $60
It's still little hard to tell at this stage, so stay tuned and I will keep you informed with up-to-date analysis so that you don’t miss a thing! Cheers.
Hold off Buying OMGMost alts are dropping due to the surge in Bitcoin (more money leaving alts and going into bitcoin).
According to the indicators (RSI & MACD) it shows that OMG is going to drop a little further into the "oversold" zone on the RSI. That's when we should buy at bottom end of the wedge. This will give a fair price and should see some nice gains if Bitcoin were to make a correction in the near future.
Moving Avergae (200 day) - also shows signs of support at around $7
LONG AT USD $6.80 - $7.00
Happy Trading!
AUDCAD - Long OpportunityAUDCAD
The RSI is oversold on the daily chart and we can see that the market made a retest of the current level several times. It gives us a good chance for taking a long trade and get around 190 pips of profit, risking just a little more than 90 pips.
Have a nice trading day ;)
Another TK negation - Rebounce on the horizon or down to lower?On the 4H chart we had as per the previous analysis (see related idea below) a TK negation. If the negation stands untouched and we hold the Fibonacci 0.618 fan line we will certainly bounce back to previous levels in the mid 7000 and then higher.
Last time we had such negation on the 4H chart we rallied from 5600 to the ATH of 7900.
A nice confirmation of this retrace is shown on the Stoch RSI that has started to turn steeply bullish. CCI is following and we are entering a bounce back area.
As a confirmation of this pattern we need a solid break above 6750 with strong volume and a MACD cross and upslope for a safe entry.
On the contrary if we break the 0,618 fan line we will be heading back down to the first target of 6191.1 and if broke we could see retrace to the stronger support line around 5500.
At the moment this bearish scenario is quite unlikely.
