As of today, we are closely approaching the end of the quarter and the high likelihood of increased volatility. The second half of the monthly candle for Ethereum opened in the negative zone, which signals to hold onto sales until the quarter closes. However, in recent days, some coins have the potential to work off accumulated momentum with a reversal of the monthly candle into bullish territory. Currently, vib is the most oversold among the coins without a monitoring tag. Against the backdrop of the pin bar from last month's candle, there were few buyers this month, but technical buy signals remain until retesting 0.1 even in the current market situation.
In an optimistic scenario, today's daily candle could reverse into bullish with continued purchases until the quarter closes. This could be aided by negative statistics from the USA today. In the case of a reversal in the current quarter, the target could be a local higher high and a retest of the trend line formed by the previous breakout.
With lower volatility and the release of strong statistics today from the USA, the probability of a bounce from the retest of previous highs in the range of 0.110-125 predominates, transitioning to a flat around the key long-term level of 0.075 ±15. The start of purchases in this case may be delayed until the opening of the new quarter or the next announcement regarding the assignment of a monitoring tag.
The main long-term support is 0.035, a drop below which is only possible under extraordinary circumstances with Ethereum dropping to 1500, altcoin dominance at 7.5%, or the assignment of a monitoring tag. Given the current oversold condition and high targets, the assignment of a tag will only lead to a temporary drop below 0.035 with further growth towards 0.075, similar to vidt.
Aside from vib, among the coins without a monitoring tag, I am currently considering only pda for scalping with a likely new wave of growth, especially if a tag is not assigned in the new month.
The most oversold coins on Binance are those that already have a monitoring tag, which is why they have shown decent growth impulses over the past two weeks against attempts to reverse the quarter. There is time for new waves to reverse the current quarter in an optimistic scenario before the next delisting announcement, as shown by vidt, and a pullback already in the new quarterly candle. Among this group, the most interesting for scalping today are uft, troy, alpaca with growth potential up to 100%+, and cream, nuls with possible growth up to 50%+.