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Rsi_oversold

Continuation of the trendI think we are on the cusp, over the course of the next 5-6 hours, of the thrust that will break the foreshortened H&S theory. I believe the following wave peak exceeds that of the last by several hundred USD, in accordance with the pattern and supported by the supporting Ichimoku cloud accumulation. I do not argue with the need for correction -- that appears to be a foregone conclusion and will be a sign of health. I just don't see why $6K must necessarily be the limit at this point in the development of the wave pattern. I've been out of BTC for a while now, so I don't have a dog in the price maximization fight -- and in fact will benefit from a better entry opportunity -- so I'm just talking about what I see developing.
BITSTAMP:BTCUSD
by tchat
1
AdEx Currently Bearish with imminent bullish breakoutIt seems AdEx coin is near ready for a bullish breakout of structure, after completing an 'ABC' corrective wave. Current trend suggests bearish price action as the Water and Mayo EMAs have cross and are above the price action. 'TDI' shows the 'RSI' inside the outer constricted bands at around '40.0000'. The pattern suggests another possible bearish move downwards before some significant bullish price action to occur. The bullish moves may occur within the Yellow trendlines (triangle), however only when price action performs a breakout of structure, will the buy signal be confirmed. In my opinion, this is a great coin to purchase, still good at around 0.84 cents (US) at the time of writing this analysis. I'm going to purchase this coin on breakout of structure and I'm forecasting price action movements between 2 different paths, Cyan and Red. The Red being the most probable as it follows the typical cryptocurrency pattern of a curve. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
Long
by UnknownUnicorn661419
Critical Support level reachedPrice has reached a critical support level for the first time since August (just before it spiked to 894sats) and just like when it did eventually break that 800sat level within that month of August, it will again do so maybe within a week or two. I'm predicting a small turn in the market based on how low the RSI has droped since it touched the over bought zone, and the previous time it did so; it has often made a minimum of 68% increase. Even when it did break this zone, it eventually made a dramatic increase of up to 145% so prepare for a short bearish period going as low as 320/344sats before an almost assured turn. I'm basing the timeframe on the rising volume which indicates that the market is about to experience some kind of turn. The target price was chosen based on the reaction since this crypto last reached this support level , it's last high was higher but since this is on an overall down trend I expect the next high to be a bit lower. In the mid term (2/3 months) I expect the value to float between 470 and 525sats as the crypto seems to be in its most stable price zone since it's initial climaxing between March and June. Long term (+4 months) is a bit hard to fathom. While this is a cryptocurrency that is based on a product that had a working concept since 2015 it's performance is entirely dependent on what groundbreaking adoptions and improvements it can make amidst competition from Syscoin ( POLONIEX:SYSBTC ), which--according to a few top contributors on Tradingview--is in a bullish position. Conversely, improvement from either service can drive the other up if their concept/idea has valuable real-world application.
BLong
by DatBomp
USD/MXN : Long opportunity Hello traders ! Here is a nice potential buy setup on the usd/mxn . A lot of accumulation support in the same small area : - Fib 50% - Fib 127.20% - 5X weekly trend from the bottom ( perfect support ) - 2X daily trend from the top - Weekly support zone - Rsi oversold ( W2 to H1 ) I will watch my multi stochastic system before entry . A breakout of this area is possible because of the powerful downtrend since the beginning of 2017 . If so , target will be 61.8 fib retracement . Wait for reversal confirmation and bounce of course . Have a good day :) Like & follow if you want more
Long
by Foralex
1
IOTA seems bullish :)IOTA is an excellent coin to hold long term!!! Has big multiplying value potential with its amazing technology. It's fairly new and hasn't had any major announcements yet, they just had a conference which means at any random point they might drop some news on partnerships, upgrades and projects. Still announcements to be made about being added to exchanges. I personally am going very long term on IOTA because it has strong fundamentals, good dev team with a roadmap & I truly believe in this revolutionary technology. Possible that we will never see these prices again. #HODL.
Long
by Cryptonite420
Against the Pound? Are you crazy?! Here's why (videoanalysis!)Hey guys, probably it could be insane to go against the pound strength (after the last week with an outstanding rally) but as usual i do my analysis without considering macroeconomics events are happening these days. And that's because we're traders, not analysts: here on the daily chart (left-hand side) you can see price has fallen and reached a key structure point (in oversold condition); therefore i know i can look for trading opportunities on lower timeframes in order to catch a "relief rally" out of this bigger movement. I know it's against the bigger trend so be safe when trading these setups, always follow your plan. P.S. I'm glad to announce my first weekly videoanalysis on my Youtube channel (link below) this week. Go there a subscribe (if you like the content)! Let me know you feedbacks, and don't forget to comment here if you want to say something. I'll let you know if i'm getting involved. Otherwise, see you in the next chart!
Long
by Roker1
2
OMG Strong SupportLots of signs that point to OMG remaining strong and due for an explosive ride upwards this weekend. RSI slowly heading towards oversold status while it continues to test support at the 190k level. We had a cross of the base line in the Ichimoku cloud, but we're going to need heavy sell pressure to bring it both below the cloud + break through the 190k support in addition to the uptrend channel. Not only that, but volume is still near the ATH. I expect possibly one more dip to the 180k if it does break through the first support, but then a subsequent continuous rise up. www.coinigy.com
Long
by ScottPool
GBPJPY Long Opportunity on Rising WedgeSince reaching a low of 124.786 in October of last year, GBPJPY appears to have ranged in a rising wedge with stable highs at around 148.00, and rising lows, most recently at 139.529 In support of the identified chart pattern, we find that RSI has consistently provided reliable buy and sell signals within this pattern, striking into (or close to) oversold territory at every low, and overbought territory whenever price ticks towards 148. I will seek to enter a long position at 142.00, the point at which price will reach the rising trend line, i will however only enter the trade should RSI provide a confirmation signal by penetrating oversold territory. Stop loss will be placed at 138.750, which would signal a pattern breakdown Take Profit will be placed at 153. which corresponds to the .236 fib extension level, and may provide resistance during the next up move. Best of luck! TW
Long
by Trade_Wind
The end is coming John Snow! Or is it here already?Looking at the daily we see the the major swing highs come at the same price levels whereas the major swing lows are coming higher forming some kind of triangly. The firs swing low went as low as 88.6% of the the upmove. The second swing low is now resting at support at the 78.6% of the consecutive upmove. Price might bounce of here already however if it continues falling it may run into a stronger support of: ABCD (1.27% extention of AB) Major Swing Low Support Outer Uptrendline Same Fibonacci Retracement level 88.6% as previousely respected Ideally I'll be looking for the RSI to break out of the trendline, previousely being oversold and left oversold + Candlestick or simple price pattern on lower timeframe. As this is a countertrend trade and the USD is sold off heavily at the moment by hedge funds I would not shoot for a very large target. Try betwee 1,5 & 2.5 - Reward for 1 Risk
Long
by LorbeerInv
2016 Lowest Close on USDCAD. Time to retrace?Hey guys, next week i'm going to keep an eye out for this situation on USDCAD. We've hit the 2016 lowest low and the trend has been very strong lately. As you know, every trend must retrace, sooner or later, and key structure points allow us to select certain zones in order to make educated guesses about price movement. In this case i know this level plays a key role in determining price action from now on and i've also noticed RSI oversold on the weekly (rare situation). Every sign of a reversal could be a great opportunity to make some profits. As usual, i'll let you know if and when i'll get involved. If you have any questions or ideas to share, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
2