Simple analysis. If the MACD is crossing the signal in the next hour we enter a bullish trend. The RSI is also low, which indicate an Oversold asset. Even though the market as a whole is down, ETH might be a bit less bearish than Bitcoin which could lead to an increase in the price of ETH/BTC.
We have a strong bearish divergence forming on the 1 day chart. We had a lot of good news around Bitcoin lately, but we might see some correction in the next days. Tell me what you think!
Hello, As yesterday, I would like to post a small trade based on simple metrics ! The First Blood looks like he is on the rise ! RSI: We just bounced from the bottom (Oversold - When RSI = 30) on the 2h chart. Which is a sign on Bullish market. MACD: The signal line crossed the MACD line on the 2h chart, and it looks like the signal line will do the...
Hello everybody, I started to learn about trading recently, and I'll post my trade ideas based on Simple indicators for even new traders to understand ! :) Neo is looking to go for a correction here. We can take a look at 2 indicators: 1) RSI (Relative strengh index) When above 70: Market is overbought --> price will fall learn more about RSI here: ...
As we have already seen, ETH got a big resistance around de 400 mark. Don't be surprised if it falls :)
As said it the previous post, we had a buy opportunity when the XRM was low. It has now reached it's resistance at 223€. Be prepare to short at 225€ or buy during the freefall (if it happens). XMR got a lot of support around 180€ so if the value of XRM goes down, buying anywere between 180 and 200 could be interesting. (Invest at your own risk as always)
We reached the resistance point at this value ! So either we got through the resistance point, either it will strike back between the two blue line. So I think there is a high possibility that the market will get back to its sens at go back around the 1300-1350 in the following days. Do it at your own risk :)
As we know, XRP is used a lot by banks to exchange money, so they want their exchange money to be as steady as possible. Usually XRP is maintained at 0.2€ So there are a lot of opportunities of buy&Sell with this asset. When XRP= 0.18 (LONG) buy and sell around 0.20 When XRP= 0.25 (Short) Sell and buy around 0.20
I think It's a good opportunity to buy XMR, it should rise again at 220€ quite soon. It hit the floor yesterday and got lots of support
Bitcoin Cash has a lot of support near 1050€. There are opportunities to buy and sell whenever it hits that level.