#BinanceBlockchainWeek #Binance #صعووود #USDT
To analyze currencies accurately using the technical indicators you always rely on (such as RSI, MACD, and volume), I will now analyze the best options to achieve your quick goal, focusing on the following points:
1. Indicators used:
1. RSI (Relative Strength Index):
• RSI below 30: Strong buying opportunity due to oversold conditions.
• RSI between 30 and 50: Potential buying opportunity.
• RSI above 70: Currency is overbought.
2. MACD (Moving Average Convergence Divergence):
• If the MACD line is above the signal line: Buy signal.
• If the MACD line is below the signal line: Sell signal.
3. Volume:
• High volume with price movement means strong momentum.
• Low volume indicates weak movement or low liquidity.
2. Currency analysis in the picture:
RARE:
• Price: $0.1776.
• 24-hour change: -13.24% (big drop).
• Indicators:
• RSI: below 30 (oversold, high probability of rebound).
• MACD: indicates an approaching positive crossover (buy opportunity).
CETUS:
• Price: $0.4264.
• 24-hour change: -6.59%.
• Indicators:
• RSI: around 40 (not oversold, but a buy opportunity at support).
• MACD: neutral (no clear momentum).
IQ:
• Price: $0.010327.
• 24-hour change: -7.98%.
• Indicators:
• RSI: around 35 (close to oversold, but not as strong as RARE).
