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Cardano (ADA) Update: A Deep Look Into Cardano “DNA”!!!If we’re not at the bottom, we’re likely pretty close… above you can see all the pivots, resistances and the fibonacci retraction between the next support below and the highest point before the last correction started. Overall we don’t have conflicting indicators… they are all corroborating with each other. Let’s take a look at each indicator of our setup… RSI – We’re already at oversold levels… a reversal should not take long. Stochastic RSI – Again, we are at oversold levels… it looks like the scenario is good for buyers and accumulators at the moment. Stochastic – We have a combo… oversold levels at 3 important indicators. We don’t have much margin down in the short-term. MACD – We’re still on the downside at the histogram and the blue line has not yet crossed up, but note how it’s already at the same level as the last lowest point. In the macro view, MACD shows us a very bullish scenario for the medium to long term… we’ll likely to start a raise soon. Conclusion: If you’re thinking about buying ADA, you’re well on your way… wherever we look, we see a reversal trend approaching. Cardano is severely oversold and this is clear when putting all together. In the chart you can see all the past and likely next pivots, resistances, supports and also the fibonacci retracement as reference points. Stay tuned for future updates!
by cryptosrocket
10
Ethereum (ETH) Update: We’re Likely Almost At The Bottom!!We had a submerged crossover and a long correction at oversold levels… we walked on the under part of Bollinger Bands for a long time and we’re at the bottom at this moment. It’s likely that we are approaching the end of this correction! Let’s take a look at each indicator of our setup… RSI – This is the ideal scenario for anyone looking for an entry. Strong buy signal here. Stochastic RSI – That little bump is not enough to drive a reversal and we’re not yet at oversold levels. Stochastic – Already in oversold levels. We’ll likely oscillate here for a little while before a reversal. MACD – The blue line has crossed the red line down, confirming that we’ll have to wait a little longer until the next trend reversal. Despite the downward trend in the short term, the MACD in a broader view is almost inviting for an entry into the short to medium term. Conclusion: If you are thinking about buying ETH, you are well on your way… just wait for oversold levels (between 0 and 20) in Stochastic RSI to jump in with a more secure margin.
by cryptosrocket
1
XRP (Ripple) Update: Waiting For An Emerged Crossover!!!XRP has been under strong correction with several successive submerged crossovers. The last crossover coincided with a bearish candle, reinforcing the bear flag. Right now we’re at the bottom of Bollinger Bands with a candle that has everything to close bullish, but we still have room to go down some more before the reversal. In the very short-term, we’re likely to have a slight climb. Let’s take a look at each indicator of our setup… RSI – We’re not yet at oversold levels, but in the broader context it looks like we’re already on the rise in the Relative Strength Index. So, it’s very possible that we’ll not go down to oversold levels in the short-term. Stochastic RSI – Although it’s pointing down, it seems more that it will rise to overbought levels than continue the decline in the short-term. Stochastic – We’re virtually already at oversold levels, which reinforces a likely rise in the very short-term. MACD – The blue line is below the red line, but it seems to rehearse a timid reversal. XRP, also known as Ripple, has passed for a crash and is still experiencing it. But we can already feel the approach of the bottom. Conclusion: If you’re thinking about buying XRP, we recommend that you wait for an emerged crossover, which has not happened for some time and should finally indicate a trend reversal. Also, watch the Stochastic (Stoch) closely and don’t buy if it’s at overbought levels (80) or close to that. In the buying position, oversold levels are essential for a safer margin. Psychological and mindset are also indispensable… don’t get carried away by emotions and don’t despair if a temporary reversal happens. On the other hand, it’s important to define a stop loss in your trades… especially in pairs under turbulent phase like this one. We’ll let you know when an important emerged crossover occurs. Stay tuned for future updates! P.S. We're new here... please like, comment and follow us! :)
by cryptosrocket
2
EOS Update: The Bottom Is Just Around The Corner!!The last emerged crossover was partially confirmed, being interrupted by a bloodbath in the cryptos market… which resulted in a formation of a submerged crossover when we’re still in the middle of Bollinger Bands. If you’re following our analysis, you know that a submerged crossover is a strong bear flag. So you can wait for a dip soon. Let’s take a look at each indicator of our setup… RSI – At the moment we’re at 43 and will likely approach the 30 range in the very short term. Stochastic RSI – We’re almost at oversold levels… even if a little pump happens, it’s likely that we’ll oscillate below 20 soon. Stochastic – We’re at oversold levels here… it seems like there isn’t much margin down in the short-term. MACD – The lines are overlapping, indicating a moment of uncertainty… but that scenario will not last long since the market doesn’t like indecision. In the long term, the MACD is quite bullish and you should see the blue line taking over upside again in a few days. Conclusion: If you plan to invest in EOS, the time to jump in seems to be approaching. The market should make a decision up after small dips. Two things you should be alert here to enter with a good margin, RSI at oversold levels and price at the bottom of Bollinger Bands… wait for that and you should be fine. Also, stay tuned for future updates! P.S. We're new here... please like, comment and follow us! :)
by cryptosrocket
Bitcoin: TWELVE Confirmations In a Row That Our Method Works!!!!Yesterday we made a submerged crossover. So, let’s go down some more… The last six submerged crossovers have anticipated a dive. If this one is confirmed, and probably will be by the circumstances, it will be the SEVENTH submerged crossover bear flag confirmed in a row!! The last five emerged crossovers anticipated a climb as well… so, when this bear flag is confirmed… there will be TWELVE confirmations in a row that our method works!!!!!!!!!! Need to say more?! ;) Let’s take a look at each indicator of our setup… RSI – We haven’t reached oversold levels yet, we’ll probably be there in a few days… maybe the line (level 30) is only touched, but a small breakout is more likely. Also, don’t expect that oversold levels will last long. Stochastic RSI – We’re already at oversold levels and will likely to oscillate there for some time. Stochastic – We’re already at oversold levels… it looks like the down margin isn’t so much. MACD – We crossed down and it’s likely that the blue line will stay underneath for some time… an inverse crossing is what we expect for a reversal. Note how the distance between the height and depth of the waves got smaller… this indicates a decrease in power on the sellers side. Conclusion: If you are thinking about buying bitcoin, you should wait a few days and when we’re at oversold levels in RSI (or at level 30), you should start to choose your position. It’s always good to combine indicators… in this case, look also at MACD to know when the blue line crossed the red line to take the way up. Stay tuned for future updates! :) CryptosRocket is new here... please like, comment and follow us! :)
COINBASE:BTCUSD
by cryptosrocket