Looking For Some Trading Ideas?
Besides checking chart patterns or support/resistance levels, technical indicators can provide some promising entries for a trade setup.
Here's one combination I regularly use to spot potential trades. However, it is worth mentioning that the indicator combination provides only possibilities, and it is essential to assess each of the tokens in detail before entering a trade.
Used Indicators:
* Parabolic Stop & Reverse (PSAR)
* Average Directional Index (ADX)
* Exponential Moving Average (EMA)
The PSAR provides information about the current trend, while the ADX shows the trend strength. Moreover, the EMA is used to derive the overall trend.
* For bullish setups, we want to have a bullish PSAR, strong ADX (>30), and the price to trade above the EMA200.
* For bearish setups, we want to have a bearish PSAR, strong ADX (>30), and the price to trade below the EMA200.
Bullish Tokens đą
- Coti (COTI)
- Aave (AAVE)
- League of Kingdoms Arena (LOKA)
- Artificial Superintelligence Alliance (FET)
- Polymath (POLY)
- Toko Token (TKO)
Bearish Tokens đŽ
- Ethereum (ETH)
- Shiba Inu (SHIB)
- NULS (NULS)
- OMG Network (OMG)
- Nano (NANO)
- Waves (WAVES)
- Notcoin (NOT)
- Akropolis (AKRO)
- NEM (XEM)
- SelfKey (KEY)
- Monero (XMR)
