Here's an idea for a short term trade on ADA/USD. Price ranged for almost one month in the 0.4 - 0.5 area. Being in the lower part of the range, I'm expecting a bouce at least to 0.382 fibonacci but I wouldn't be surprised it it spiket to 0.618 even.
Trade safe :)
One and a half year later XRP/USD is back at its lows. No resolution with the SEC case, crypto bearmarket, war, interest rates and so on are the main reasons for this fall.
Considering the fact that in the BIS meeting it was told that CBDCs were discussed, I strongly believe that XRP and/or Ripple might have a role in this, so in order not to miss out I might...
Another idea for a shorter term trade on SOL/USDT.
Price above to 200-day exponential moving average for the last 10 days and it now returned to the most recent session value area. I'm expecting a reasonable bounce.
A nice 2-1 of it goes back at least to the 0.618 fib retracement from the last top.
Trade safe :)
The Sandbox is probably one of the most promising metaverse projects (backed by superstars like Snoop Dogg, Deadmau5 and so on). Last year's frenzy is clear in the chart -> 1000% in just one month is not a healty bullrun. So, of course it needed a rebalancing move. Here we are now back at 1.2$ per coin. Trade wise a "fair value" target would be around 3 dollars...
This is how I interpreted SOL price action.
After exactly 1 year Solana is trading back to its previous most reasonable levels (DEMAND ZONE). The amazing bull run that lasted more than 50 days was due to different times and different reasons, but mostly irrational "exuberance" (SOL was said to be the ETH KiLlEr, but come on, coexistance and multi-blockchain will...
