🚨 Overbought coins at resistance - beware and prepare!
After big wins last week $SOL (+27%), $INJ (+25%), $PEPE (+25%), $DOGE (+20%), $FET (+58%), $TAO (+35%), $STX (+50%), $LINK (+15%), and $LTC (+15%), the market looks ripe for a pullback.
🔹 RSI > 65 🔹 +20% in 7 days 🔹 Still in Downtrend
Short-selling opportunities are emerging! 📉
Example: $KAS hit major resistance at $0.10 (+35% gain) and is overbought (RSI ~70).
Use altFINS' Crypto Screener + Trade Setups to stay ahead.
Profit in both directions! 🔥
👉 See live setups: altfins.com/s/JK9HaC7P?bi=1022
🚨 Overbought coins at resistance - beware and prepare!
After big wins last week $SOL (+27%), $INJ (+25%), $PEPE (+25%), $DOGE (+20%), $FET (+58%), $TAO (+35%), $STX (+50%), $LINK (+15%), and $LTC (+15%), the market looks ripe for a pullback.
🔹 RSI > 65 🔹 +20% in 7 days 🔹 Still in Downtrend
Short-selling opportunities are emerging! 📉
Example: $KAS hit major resistance at $0.10 (+35% gain) and is overbought (RSI ~70).
Use altFINS' Crypto Screener + Trade Setups to stay ahead.
$BTC price has broken below the 200 SMA, which could signal onset of a Downtrend. That 200 SMA now turned from support into resistance. Price has so far failed to break through down trendline (see chart). Notice also that the Gap from $74K to $90K from early November (after US elections) has now been mostly filled, which is positive. It is getting oversold (RSI ~ 30) near $75 support, hence, we could see it bounce up near-term. We would be buyers around $75K, with +10% upside potential back to $83K.
$ETH price is in a Downtrend, trading in a Channel Down pattern, which typically resolves in a bullish breakout. We wait for such breakout, which could signal at least a temporary trend reversal.
$BCH trade setup: Breakout from Channel Down pattern was followed by a 30% rise to $400 resistance and 200-day Moving Average (200 SMA), where it got rejected.
That's a stiff resistance. If the price rebounds back to that $400 level, we would consider Short Selling it there again, with target of $350 (PT1) or $308 (PT2).
Stop Loss at $460. Price remains in a Downtrend. (set a price alert). Watch a trading video where we demonstrate Short Selling BCH.
$RENDER price is in a Downtrend. It's now trading in a Channel Down pattern, which typically resolves in a bullish breakout. We wait for such breakout, which could signal at least a temporary trend reversal. (Set a price alert)
$SUI is following a bearish breakout from Channel Up pattern, price has broken through several key levels. Now it's trading in a Descending Triangle pattern. Price needs to break back above 200-day Moving Average and break through the down trendline to signal resumption of Uptrend. (Set a price alert).
$ADA trade setup: Trends are mixed. Price is trading in a Channel Down pattern, which typically resolves in a bullish breakout.
We wait for such breakout, which could signal at least a temporary trend reversal.
Alternatively, we would be buyers near $0.60 support and 200-day Moving Average, which forms a robust support area and could be a swing trade entry with upside potential to $0.80 (PT1) or $1.00 (PT2). (set price alert)
🔥 How to Find VERY Oversold Assets for Big Profits!
📉 When RSI < 30 = Oversold 📉 When RSI < 25 = VERY Oversold (Rare & Powerful!) 🚀 $BTC hit RSI 25 near support & bounced +15%! These setups can be highly profitable!
- Find them in our Crypto Screener & set alerts! - Learn our Oversold Strategies in our Trading Course!
$LTC price remains in an Uptrend. It got rejected at $140 resistance several times now. We would be buyers on pullbacks near $100 - $110 support range, which could be an attractive swing trade entry in Uptrend, with +30% potential upside back to $140. Stop Loss at $92. (Set a price alert)
$BTC price broke above $100 k resistance, making new ATH (all-time-highs) at $108K, where it got rejected again. Price had a bearish breakout from Sideways Channel, below $90K support and appears likely to fill the gap between $75K and $90K which was created on Nov 10-11. Near-term, it appears very oversold with RSI dipping below 25! Hence, we could see it bounce up near-term. (set a price alert)
$LTC price remains in an Uptrend. It's again approaching $140 resistance where it got rejected 3x.
We would be buyers on pullbacks near $100 support, which could be an attractive swing trade entry in Uptrend, with upside back to $140. Stop Loss at $92. (Set a price alert)
Learn to trade Pullback in Uptrend strategy in Lesson 3 and Risk Management in Lesson 9.