BULLISH REVERSAL POSSIBILITIES FOR SPECIFIC TOKENS
#RDNT POSSIBLE SCENARIO: BULLISH REVERSAL IMMINENT?
Upon further review of RDNT, we have found out the possible bullish reversal of this token. Right now, RDNT is sitting at its bottom with an average RSI of 44. This indicates this token is almost close to being oversold. Such scenario of being undervalued will cause more eyes to observe this token. For the rest of the possibilities, it will still have its bearish impulsive waves. Albeit, this time, it will give its best probability for a strong bounce.
THIS TOKEN HAS BEEN RANGING FOR ALMOST A YEAR NOW AND IT IS BOUND TO DO THIS!
Always remember, every time a market does ranging movement. There will be a possible huge price movement.
The price action of #SFP has shown a movement of a ranging market structure. Initial key level of ranging market is .6365 and the final key level is 0.8544. Once this key level gets broken, a possible huge price action will occur. SFP is now done with its accumulation and we're looking forward to a continuation of its markup if no other issues with this token occurs.
#KAS POSSIBLE PRICE ACTION FOR ITS LONG-TERM PROSPECTS!
We're always looking at the long-term prospects for every token. This is what we've found out with KAS.
A rising wedge pattern has been formed in the longer timeframe. This could possibly lead to a temporary breakdown and a huge possibility of bouncing and breaking the major resistance.
The corrections that has happened from key levels 0.18 & 0.20 to 0.10 & 0.12 are considered to be healthy corrections. Hence, with these needed corrections and a possible another set of correction to happen up to 0.06-0.10. The bounce will be immense and most likely an extreme price surge will happen.
#APE IS ON FIRE! MANY ARE JUMPING IN THIS EXCITEMENT: WHAT'S NEXT?
We are currently witnessing a strong bullish market sentiment for APE and almost everyone's rising. How should those who haven't entered APE's bottom react?
Here's what we can say.
The overall market sentiment for APE is bullish and it's quite easy to understand that the momentum is still going strong. Although, we're currently not joining the market scenario since we haven't took any trade at its bottom (we actually forgot about this token). Honestly, as we haven't took a trade at its bottom unlike REEF and the other tokens we have entered. We will avoid it completely in its shorter timeframe. However, since we will avoid it in its shorter timeframe. We will continue to observe its larger movements most especially for any possible position trades we might be able to take for this token. This token has already surged 85.63% and we might still see further attempts of it to break. Although, today or the next following days, there may be enough sellers who want to do some day trades with this token along REEF, VIDT and other tokens that have surged and have yet to correct. Thus, personally, it's unwise to enter a token that's highly surging especially those above 50%. Since the probability of a reversal in its shorter timeframe is always more than 90%.
The best opportunity was at its bottom just like REEF but the next best opportunity is at not entering it after surging highly to avoid losses.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.