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Crypto · indicator signal

RSI oversold bounce on Polygon (POL)

On Polygon (POL) the rsi oversold bounce showed up 339 times. The target came first 36% of the time, the stop 54%, and 10% went nowhere within 12 candles.

Counted on Polygon (POL) (POL/USDT): daily candles from September 2024, 4-hour candles from September 2024 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily650%33%17%
4-hour6740%52%7%
Hourly26634%55%11%

Polygon (POL) against the rest

ChartsFoundTarget firstStop firstWent nowhere
Polygon (POL)33936%54%10%
All Crypto charts23,18432%56%12%
Every market32,72634%55%11%

Year by year

YearFoundTarget firstStop first
20244536%60%
202517432%54%
202612042%52%

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 Polygon (POL)

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile bounce · Doji · Volume profile rejection · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish 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 Polygon (POL)?

In 339 cases on Polygon (POL), the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 54%; 10% went nowhere within 12 candles.

What is the rsi oversold bounce?

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