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Crypto · indicator signal

RSI oversold bounce on Filecoin

On Filecoin the rsi oversold bounce showed up 858 times. The target came first 31% of the time, the stop 52%, and 17% went nowhere within 12 candles.

Counted on Filecoin (FIL/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily2619%38%42%
4-hour16731%50%19%
Hourly66531%53%15%

Filecoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Filecoin85831%52%17%
All Crypto charts23,18432%56%12%
Every market32,72634%55%11%

Year by year

YearFoundTarget firstStop first
202114130%58%
202216830%55%
202311028%42%
202415432%58%
202516129%53%
202612436%44%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the rsi oversold bounce is

RSI fell below 30, then climbed back above it. Selling may be tiring.

Stretch a rubber band far and it wants to snap back. RSI is a gauge from 0 to 100 that shows how hard price has been pushed up or down lately. Below 30 means price was pushed down very hard, and climbing back above 30 hints the selling may be tiring.

The full rsi oversold bounce lesson, video and quiz ›

Other patterns on Filecoin

Inside bar · Spinning top · Stochastic bearish cross · Stochastic bullish cross · Volume profile rejection · Doji · Volume profile bounce · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The rsi oversold bounce elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the rsi oversold bounce work on Filecoin?

In 858 cases on Filecoin, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 52%; 17% went nowhere within 12 candles.

What is the rsi oversold bounce?

RSI fell below 30, then climbed back above it. Selling may be tiring.