3 majors sitting at support. Watching for a bounce #NEAR #ARB #WLD
$NEAR — Down 3.5%, but still holding above EMA99 at 4.990. RSI 40 — oversold. If it holds 5.00, I think it bounces back to 5.10/5.45.
$ARB — Down 4.7%, RSI 25. Extremely oversold. Sitting right on the 0.18 support zone. If buyers step in here, a relief rally to 0.189/0.198 is possible.
$WLD — Down 5.2%, RSI 40. Still holding above EMA99 at 0.525. If it reclaims 0.56, next stop 0.59.
All three are heavily oversold. None are breaking major support yet. I'm watching for a reversal candle.
$NEAR — Down 3.5%, but still holding above EMA99 at 4.990. RSI 40 — oversold. If it holds 5.00, I think it bounces back to 5.10/5.45.
$ARB — Down 4.7%, RSI 25. Extremely oversold. Sitting right on the 0.18 support zone. If buyers step in here, a relief rally to 0.189/0.198 is possible.
$WLD — Down 5.2%, RSI 40. Still holding above EMA99 at 0.525. If it reclaims 0.56, next stop 0.59.
All three are heavily oversold. None are breaking major support yet. I'm watching for a reversal candle.