At the moment there are many oversold alt-coins presenting an excellent opportunity. However it is important to add not all alt-coins are showing those oversold conditions. In fact there are a number of alt-coins that remain overbought, so be careful.
On the above 1-day chart we have a 68% correction since mid-September and an oversold condition (orange column) from around mid-October. The same is true for the Bitcoin chart (below). More excitingly we have a month long bullish divergence on the Bitcoin chart.
1-day BTC chart with Bullish divergence (blue lines)
The weekly chart (below) recently printed a morning star reversal candlestick pattern with confirmation.
1st target $9
Zlecenie aktywne
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Target reached!
Still plenty of upside to come -
Komentarz
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Moving nicely now - becoming overbought on the daily - no action to take at the moment.