Weekly Overbought / Oversold Ranges for the week of April 15 -22, 2018.
We report the conditions of a simple moving average overlay, taking volatility into consideration. In other words, stocks, bonds, & commodities trade back and forth like a pendulum on a grandfather clock. How big the “arc” of swing, is the annualized volatility. It’s very similar to Bollinger Bands.
Ethereum -58% oversold
Bitcoin at -28% oversold
Litecoin -46% oversold
Selling pressure continues with many different opinions for the cause. All tokens continue to trade in OVERSOLD condition.
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Not investment advice. Cenacle Capital owns positions in Bitcoin, Ethereum and other digital tokens.
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