Render

Cardano

Bitcoin

when

THORChain

<ul class="news-points"> 
 <li><strong>Analyst Sheldon advocates strategic altcoin buys based on RSI, focusing on THORChain and Cardano below 40% weekly RSI.</strong></li> 
 <li><strong>Bitcoin’s RSI in the critical zone indicates potential market shift towards bullish sentiment, impacting broader crypto trends.</strong></li> 
 <li><strong>Solana and Phantom exhibit strength, underscoring RSI’s role in effective market timing and trading decisions.</strong></li> 
</ul> 
<p>Crypto analyst Sheldon The Sniper recently shared his insights on potential altcoin investment opportunities, focusing on Bitcoin’s Relative Strength Index (RSI) as a key indicator and highlighting potential buy zones for THORChain (RUNE), Render Token (RNDR), and Cardano (ADA).</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">As Soon As This Altcoin Signal Flashes, I’M BUYING! <a href="https://t.co/MQimSjUQV7" target="_blank" rel="nofollow">https://t.co/MQimSjUQV7</a></p>— Sheldon The Sniper (@Sheldon_Sniper) <a href="https://twitter.com/Sheldon_Sniper/status/1805896058939285746?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The discussion underscored the importance of monitoring technical indicators, particularly the RSI, which helps identify favorable entry points. According to Sheldon, altcoins such as RUNE and ADA historically perform well when their RSI falls below 40% on the weekly chart, signaling a potentially opportune time to buy.</p> 
<p>Bitcoin, currently <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="nofollow">priced at</a> $61,385.16 with a 24-hour trading volume of $26,16…</p>
<p>The post <a href="https://coinedition.com/bitcoin-rsi-signals-buying-opportunity-for-altcoins-says-crypto-analyst/">Bitcoin RSI Signals Buying Opportunity for Altcoins, Says Crypto Analyst</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin RSI Signals Buying Opportunity for Altcoins, Says Crypto Analyst

Coin Edition

Другие статьи, опубликованные 26 июн. 2024 г.

Unlocking the Future: Pi Network IOU and the Mainnet Launch

NFT Sales Volume Drop By 45% In Q2

Is Bitcoin Headed for Further Price Declines?

NEAR Coin Faces Continued Decline

MANEKI Price Skyrockets 20% Amid Major Listing Update, What’s Next?

Crypto Updates: Crypto Index Hits 18-Month Low; Trump to Speak at Bitcoin 2024

Join our free newsletter for daily crypto updates!