đ Binance Coins Nearing Double Bottom with Bollinger Band Oversold & RSI Below 20 â Reversal Watch
#CryptoBuyZone #IfYouAreNewToBinance
#CryptoEducationNow
#StrategicEarning
Some coins currently on Binance that are showing double-bottom setups near the lower Bollinger Band and with RSI in deeply oversold territory (<20) â these setups often signal a potential rebound:
đą Notable Candidates
Bitcoin Cash (BCH)
Bollinger Bands: Price is hugging the lower band, indicating oversold conditions and a possible bottom bounce around $325â328
RSI: Very low, around 23.5, pointing to a heavy oversold state
Setup: Bullish divergence forming, strong support aligns with the double bottom pattern.
Nervos Network (CKB)
Bollinger Bands: Price approaching or touching lower band â
flagged as an oversold gem binance.
RSI: Currently below 30, indicating oversold territory
Setup: Described by Binance as forming a double-bottom reversal setup.
âïž Why These Matter
Lower BB + RSI <âŻ20: A classic signal for oversold conditions, often preceding reversals
Double Bottom Pattern: When this appears near the lower BB, it adds structural support to the rebound thesis .
Confirmation Tools: For higher confidence, traders often add Stochastic (looking for %K <âŻ20 cross %D) or MACD/Renko analysis
đ§ Quick Summary
Coin Lower BBTouch RSI Setup Notes
BCHâ ~23.5Double bottom forming Target $340 suggested by Binance
CKBâ
<âŻ30Double-bottom potential Oversold gem per Binance screen
â
What You Can Do Next
Chart Confirmation: Check 4âhour/daily charts for clear double-bottom pattern, volume confirmation, and RSI/Stochastic crossovers.
Risk Sizing: Use stop-loss slightly below the lower BB or support zone (e.g., BCH stop at ~$320).
Entry Zones:
BCH: Look in the $325â328 range.
CKB: Await candlestick confirmation near lower BB + RSI divergence.
Targets: Aim for middle BB or recent double-bottom peak (for BCH, around $340).
