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Oversold-oscillators

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!
ZShort
by CryptoInsider009
4
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
USDJPY - Prepare for BUY! - Oversold - MomentumHi Traders! As you can see this is a very good buy oppurtunity because we have many confirmation. 1.: For all price action and technical analysts of you: The market is reaching a strong support and it has to test it. 2.: For all RSI-Indicator Traders: The RSI tells us that the market is oversold. 3.: For all Momentum traders: The MACD Histogram shows us a strong moment. When it touches the support it will bounce back. We're seeing forward to buy this pair at 107.122 with a risk-to-reward of 1 to 2! Thanks and good luck :)!
Long
by swissmoneymakers
Bitcoin for the next couple of daysBTCUSD is forming a bullish descending wedge and oscillators are extremely oversold again so I'm expecting a move back towards the $4k before a resumption of the downtrend to the $3400 region. Bitcoin found bottom support for the downtrend on 20 November so I'm expecting a move back to this trend line support at the bottom of the wedge around $3660 before a bounce to the overall downtrend resistance around $4k. This is based on a 382 fibo retracement from $3660. price should then drop back to the bottom of the trend line support to the 161.8 fibo extension at around $3400. I have a feeling there will be a strong bounce on 30 November around the CME bitcoin futures expiry but we should be ready for the relief bounce at any time. Indicators are not going to be overextended and oversold forever. Expecting a massive bounce at some point and I don't quite think that price will reach the $2900 - $3000. This would be too convenient and the market makers will probably rek the traders who are looking to buy back at sub 3200 levels. A drop below our downtrend support takes the support down to the swing lows on 20 November in which case the price will be bouncing from the support of a larger descending channel. Good luck and happy trading! Previous post:
BITFINEX:BTCUSD
by Corn_Reaper
Bitcoin shakeout before the breakoutSeems Bitcoin is still priming for a small end of year pump but I think the USD/USDT premium may have been the main reason for this delay. The tether to dollar parity has pretty much been restored again so the tether exchanges can start realigning with the non-tether exchanges now that the price premiums are closing in. This was a unique situation with the large premiums between exchanges which caused divergence between the exchange charts and a lot of uncertainty in the market which needed to be shaken off before an end of year rally. Goes to show how important tether still is to the crypto ecosystem. Good to see the arbitrage traders gaining some confidence in tether again and the market in general has shaken off the FUD. Now we can look towards an end of year bump some time in early November. This drop was just a shakeout imo. Target 1 remains $7140 with possible extension to $7400. I'm still bullish since we found support at the blue trend line of the larger symmetrical triangle which means it's still in play as well as the smaller falling wedge. Had BTC closed below this blue support on the 1D chart, I would have been more worried but the drop we just experienced from $6500 wasn't significant at all considering the build up within the triangle and the drop happened with relatively lower volume than expected which tells me that there really isn't much selling pressure left in the market right now and this was most probably just a shakeout of weak hands before the short term move up. RSI and Stochastics are also oversold on all of the time frames up to the 1 day chart so there really isn't much room left to the downside and we have hidden bullish divergence as can be seen by the yellow arrows which has a higher chance of playing out at the larger timeframe. Price may touch $6285 support however I don't believe it's going below that. Patience will be the name of the game until this boring stability ends and BTCUSD shows its hand but really just a few more days to go looking at the charts and not much room left within the larger triangle. Side note: While bitcoin sits pretty, it's a great time to be trading altcoins since they're bouncing at different stages. I'll post a couple of my altcoin trades shortly with short term targets. Good luck and happy trading! Previous chart:
BITFINEX:BTCUSDLong
by Corn_Reaper