friendlyRox
@t_friendlyRox
What symbols does the trader recommend buying?
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AAVE has been respecting the trend line for few weeks and today it is rejected from the trend line after upmove. It will move either Up/Down from the lines.
SUI has been consolidating for last 60 days and has tested the Daily FVG couple of weeks back. It looks like it is ready for trend line BO and should give 35% profit for recent high. But be cautious of low volume in the current move. Only a close above 3.08 with strong volume can confirm this.
XRP has been consolidating since last high from Jan this year. MACD shows that the momentum is picking up and I see it is ready for next move.A weekly close will confirm it.
We read daily news about ETF, accumulation by institutes and scarcity in the exchanges, but I recognize something different in the chart based on multiple indicators. Historically, BTC boomed after touching 50 EMA and whenever it is extended it traces back to 50 EMA on monthly chart. As per current data, BTC is extended far from it. Also RSI and MACD indicating that it is losing momentum with -ve divergence. Volume as well descreasing since last leg, though price moved up. So, I expect price to retrace to 50 EMA which coincides with previous high at 60K. Let us see how it unfolds.
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