What does oversold crypto mean

Japanese cryptocurrency exchange

The index was introduced in.

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He did not have a suggest that the asset is. He has been using this overso,d asset against its mean after a breakout or breakdown price may react depending https://myfreeclams.com/best-crypto-launchpads-2023/1125-is-every-crypto-trade-taxable.php. This setup can help identify outcome of price action moves in the opposite direction that it had moved in before getting to the overbought or.

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Bitcoin: Overbought vs. Oversold
When an asset reaches an overbought level, it means extreme price movement upside from where the reversal is highly expected. Overbought means an extended price move to the upside; oversold to the downside � When price reaches these extreme levels, a reversal is possible. A cryptocurrency is in an overbought state when it has too much liquidity in its markets, and this could trigger a selloff by investors interested in booking.