📉 Binance Coins Nearing Double Bottom with Bollinger Band Oversold & RSI Below 20 — Reversal Watch
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Some coins currently on Binance that are showing double-bottom setups near the lower Bollinger Band and with RSI in deeply oversold territory (<20) — these setups often signal a potential rebound:
🟢 Notable Candidates
Bitcoin Cash (BCH)
Bollinger Bands: Price is hugging the lower band, indicating oversold conditions and a possible bottom bounce around $325–328
RSI: Very low, around 23.5, pointing to a heavy oversold state
Setup: Bullish divergence forming, strong support aligns with the double bottom pattern.
Nervos Network (CKB)
Bollinger Bands: Price approaching or touching lower band —
flagged as an oversold gem binance.
RSI: Currently below 30, indicating oversold territory
Setup: Described by Binance as forming a double-bottom reversal setup.
⚙️ Why These Matter
Lower BB + RSI < 20: A classic signal for oversold conditions, often preceding reversals
Double Bottom Pattern: When this appears near the lower BB, it adds structural support to the rebound thesis .
Confirmation Tools: For higher confidence, traders often add Stochastic (looking for %K < 20 cross %D) or MACD/Renko analysis
🧭 Quick Summary
Coin Lower BBTouch RSI Setup Notes
BCH✅ ~23.5Double bottom forming Target $340 suggested by Binance
CKB✅ < 30Double-bottom potential Oversold gem per Binance screen
✅ What You Can Do Next
Chart Confirmation: Check 4‑hour/daily charts for clear double-bottom pattern, volume confirmation, and RSI/Stochastic crossovers.
Risk Sizing: Use stop-loss slightly below the lower BB or support zone (e.g., BCH stop at ~$320).
Entry Zones:
BCH: Look in the $325–328 range.
CKB: Await candlestick confirmation near lower BB + RSI divergence.
Targets: Aim for middle BB or recent double-bottom peak (for BCH, around $340).