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Crypto-trading

ADAUSD: Buying not over yet.Cardano has turned overbought on the 1W timeframe (RSI = 79.294, MACD = 0.031, ADX = 45.270) being on the strongest weekly candle since the previous Bull Cycle and the August 9th 2021 week. Despite that, the market doesn't seem to be done buying as the pattern is an Ascending Triangle whose HH top is exactly on the 1D MA200. Those two along with the R2 level (0.6865) of the May 30th 2022 High make a Triple Resistance Zone. Consequently, if the R1 level is crossed, we will buy the breakout and target just under this Triple R Zone (TP = 0.67500). After that, the market may seek potentially a technical relief pullback to at least the 0.236 Fibonacci level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:ADAUSDLong
by InvestingScope
XRPUSD: Start accumulating. Big move incoming.XRPUSD is neutral on the 1D technical outlook (RSI = 51.497, MACD = 0.005, ADX = 27.267) as the price is consolidating on the 1D MA50, corresting October's rise. We are expecting a few more days of consolidation as the accumulation pattern appears to be similar with February's and early March. On both patterns the presence of a LH trendline serves as a bullish trigger signal once crossed. It is a Triangle formation just as the RSI is inside a Cup. Our target if the LH trendline breaks, will be the R1 level (TP = 0.9200). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:XRPUSDLong
by InvestingScope
SVV ENTERING NEW VOLUME ZONEThank you for reading this update. In our prevous update we did follow SSV from 13 USD, we have seen in the short term that SVV did made new volume gains. Depending on our new study we see that SSV has a good chance of volume increase. This updates depending on day trade, And the market should confirm with time the right market way. #Nottradingadvice #For day traders take always profits when market increase #Expect noting from the markets, but follow what it shows.
Long
by SatochiTrader