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AAVEUSD: Overbought but can do one last spikeAAVEUSD got overbought on the 1D timeframe (RSI = 70.408, MACD = 2.580, ADX = 34.530) after the strongest two day rise of the current Bull market. The pattern is a Channel Up, which has long turned the 1W MA50 into Support and despite the overbought technicals, it can extend up to 1W MA200, which is the last Resistance remaining and the level that rejected the crypto on August 8th 2022 and May 30th 2022. As a result we will remain bullish up to 140.00 and then buy as it approaches the 1W MA50 near the 0.236 Fibonacci level. That buy's target will be the 0.618 Fibonacci (TP = 240.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:AAVEUSDLong
by InvestingScope
1
TUSD: Strong breakout confirmed. Rally just beginning.Threshold crossed over the LH trendline of 2023, turning bullish on the 1D timeframe (RSI = 67.372, MACD = 0.000, ADX = -21.212). This is a confirmation that a new rally has started, as it also closed over the 1D MA50. This has been done before on June 23rd but there was no RSI Bullish Divergence as it built up now. Consequently, the short term target is the 1D MA200 (TP1 = 0.0240) and after a pullback rebuy and target the R1 level (TP2 = 0.02955). After that, the upper Fibonacci levels will play the Resistance part. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:TUSDLong
by InvestingScope
3
BTCUSD: The key to aggressive expansion.BTCUSD is neutral both on the 1W (RSI = 53.284, MACD = 507.200, ADX = 28.424)) and 1M (RSI = 49.845, MACD = 467.000, ADX = 18.857) timeframes, an encouraging outlook as it is recovering ground from the 2022 Bear Cycle. This is a chart illustrates quite accurately the Cycles of Bitcoin, transitioning from Bear to Bull and vice versa. Right now we are in the retest phase of the Bear Cycle's Support that broke in order to create the bottom. Every Cycle did that retest and in all cases it was performed on the green part (buy level) of the accumulation that preceded the Aggressive Expansion phase. If the top dashed line breaks, the Aggressive Expansion starts. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSD
by InvestingScope
6