Sentences with phrase «oversold zone»
The phrase "oversold zone" refers to a situation in which a particular asset, such as a stock or cryptocurrency, has experienced a significant decrease in price and is considered undervalued. It suggests that the asset may have been sold too much or too quickly, leading to an imbalance in supply and demand. This often indicates a potential buying opportunity for investors, as the asset's price is expected to rise again in the future. Full definition
70 is overbought territory, whereas 30 is a very oversold zone.
ibankcoin.com
RSI is at the oversold zone and it will be able to confirm possible price reversal.
We are expecting a crossover in the overbought zone (80 +) and the oversold zone (20 --RRB- at the same time since the DI's are pointing to extreme weakness.
RSI reached the oversold zone and it is going to confirm possible price reversal.
RSI is in the oversold zone and it's going to reverse...
Previous declines to the oversold zone have turned out to be a good buying opportunity.
The price bounced from the support level and RSI confirmed price reversal in the oversold zone.
The RSI in the oversold zone also supports the possibility of a pullback, however, the BCH / USD pair will face selling at the 20 - day EMA, which is right at the resistance line of the descending channel.
The RSI is in the oversold zone.
The oscillators have arrived to the oversold zone far before the coming price plunge, and they could be recovering strength, crossing each other to reinforce the rebound strength from $ 580 to $ 600.
The oscillators left the oversold zone far after the bitcoin price plunged, and they could be recovering strength, crossing each other to reinforce the rebound momentum from $ 580 - $ 600 to the $ 700 level.