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Rsioversold

ETH Correction Almost Over Ethereum is completing the final wave of an ABC correction. In fact, it's on the 5th subwave of wave C. It is only a matter of time before Ethereum starts impulsing. In addition, we see bullish divergence, and the volume picking up. This correction is only temporary, and we need to take a look at the big picture to see how high Ethereum can rise to. We should not panic on these corrections as this will only look like a dip once the price starts impulsing. We have not yet completed the fifth and final wave. Due to the bullish nature of cryptocurrencies, the fifth wave often exceed our targets. Entry: $600-$750 Stop: $400 Conservative Target: $1600 Expected Target: $1900 Aggressive Target: $2000+ Time: Up to 5 months
BITFINEX:ETHUSDLong
by aoeuaoeu
9
BTC : Time to Open some Long Positions!Hello guys, Bitcoin is heading toward the last stage of it's correction. It looks like it is following an ABC / Complex correction, that it is going to momentarily brake support* before it starts a new market cycle towards 30k+ after it brakes resistance** So, using Bitmex I am putting lots of small buy orders between 11000-12500 and I keep my liquidation price below 7k Have fun and stay profitable! If you find these information useful please don't hesitate to donate some bitcoin! * Support in this case is 1) the long lasting previous resistance bitcoin was following since October 2016 (pink line) 2) the exponential moving average (length = 60, source = low, offset = 0) which is working almost perfectly as a support, since Bitcoin's recovery at late 2015 (thick blue line). The arrows are pointing all the times BTC went below this line. 3) the red line which is the average price of the previous trend that lasted for about 10-11 months These 3 supports are keeping the price between 10800 and 12300 usd Now if the price goes further down (low probability) the next strong support level is waiting approximately at 8500 usd. That is why I suggest that if you place a long position o btc keep you liquidation price below 7k ** the resistance at this instance is the first mustard lines which is an "ancient" trend line coming from the "early days" of late 2011 to early 2013 and it was working as a reliable support. It's strong significance got reaffirmed when it was broken at early 2015 and by mid to late 2015 a new market cycle had began. In addition the RSI s appear to have some more room downwards.
BITSTAMP:BTCUSDLong
by WiseTraderIO
1
Daily Resistance-turned-Support - Roses are red, violets are blue. I’m looking at these hot dollar charts and you should, too! - This level was like a nightmare for bulls from Apr2016-to-May2017 before it finally break above in Jul, as you all know this resistance turned to support level so it's not surprising that the pair retrace from this area since 50% fibo retracement right smack on it, RSI is kissing oversold area, with that hot doji candle - Buying at current levels could still get you a pretty sweet deal especially if you aim for the previous highs 0.8000. If you’re no fan of the (Aussi) , though, then you could also wait for a break below the support level and trade a downside breakout instead. Good luck brothas !
Long
by YaseenG.Housari
AUDCAD now it's a buyHey guys, yesterday we took profit of our last AUDCAD trade that brought in more than 150 pips (see attachment). Now i changed my mind about this pair being the recent movements price has made. As you can see on the left hand side of your screen on the daily timeframe price is testing a daily structure level that acted as support. Being the case, we expect to see some difficulty breaking through. In the lower timeframe (4H-right hand side) price's put an engulfing candle with RSI OVERSOLD, right at that level which happens to be also a psychological number. With all those conditions met i think this could be a good opportunity to buy the market hoping for a retest of the higs at 1,070. Good luck! If you have any question, feel free to write below. Otherwise, see you in the next chart!
Long
by Roker1
2
Gartley & AB=CD on USDJPYHey guys, i want to shar with you some analysis on USDJPY. Here we have a Gartley already completed and a AB=CD pattern right at the same level. Besides, we also are in an OVERSOLD condition and we can see some structure to the left. I've outlined a small box where i'm looking for long entries in form of double bottom or engulfing kickers. However, if you're a pattern trader, you can buy now the Gartley. It's up to you. Feel free to comment below for any doubt. Otherwise, see you in the next chart!
Long
by Roker1
2