Current technical snapshot on the 1-hour chart: several altcoins are flashing overbought and oversold conditions worth monitoring.
On the overbought side, you've got BEAT, AERGO, FOLKS, and GUN pushing into extended territory. Meanwhile, BAS, SIREN, M, and MERL are showing oversold pressure, which could present reversal opportunities for contrarian traders.
Rounding out the watch list—SIGN, AGT, SUN, TRX, and MAV—each displaying their own RSI extremes on this timeframe. Whether these moves signal exhaustion or just the beginning of a bigger trend shift depends on volume confirmation and broader market structure. Worth keeping an eye on for potential mean reversion plays.
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PensionDestroyer
· 12-13 15:58
Another false signal from this 1h chart, I really don't know who to trust anymore.
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DecentralizeMe
· 12-13 15:57
RSI extreme play has become old hat; what really matters is trading volume. Without volume, everything else is useless.
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consensus_failure
· 12-13 15:54
The 1-hour chart is starting to play again. These coins are really pushing to the right levels.
BEAT was amazing this wave, overbought to the point of explosion.
Reverse bottom-fishers should start moving; the positions at BAS and SIREN are tempting.
TRX is still the same old story, RSI is skyrocketing... it's a bit annoying.
Wait, is there really volume? Air rebounds are the most annoying.
FOLKS is really becoming more and more outrageous, ngl.
Let's see if this wave can truly break out, otherwise it's all fake breakouts.
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SignatureVerifier
· 12-13 15:39
rsi extremes on 1h? technically speaking, insufficient volume confirmation here. need to verify those price action patterns thrice before touching any of these.
Current technical snapshot on the 1-hour chart: several altcoins are flashing overbought and oversold conditions worth monitoring.
On the overbought side, you've got BEAT, AERGO, FOLKS, and GUN pushing into extended territory. Meanwhile, BAS, SIREN, M, and MERL are showing oversold pressure, which could present reversal opportunities for contrarian traders.
Rounding out the watch list—SIGN, AGT, SUN, TRX, and MAV—each displaying their own RSI extremes on this timeframe. Whether these moves signal exhaustion or just the beginning of a bigger trend shift depends on volume confirmation and broader market structure. Worth keeping an eye on for potential mean reversion plays.