Without further ado, let’s immediately move on to a review of the 3 coins with the highest trading volume for the week. For a more accurate picture, we use a 3-day timeframe.
1. $ADA
The coin came out of the 419-day sideways trend upward, breaking through the key resistance level of $0.42 and the level of the profile volume. The coin has a Golden Cross pattern.
In fact, the coin is empty up to $1, but the coin has been growing for 2 months without significant rollbacks.
If you bought a coin cheaper than $0.5, then we see no point in selling it, since you bought the bottom. It’s better to put it in a long-term portfolio and keep it until 2025.
Buying current indicators on heavily overbought indicators is not a good idea, so it is logical to wait for a correction in the coin and catch it around $0.5.
In general, medium- and long-term expectations are clearly bullish. But we expect a correction in the short term.
2. $INJ
We congratulate those who have this coin in their portfolio! The coin successfully broke through the historical high of 2021. It is better to hold this coin in the medium term, since its capitalization is only $3 billion and, in theory, the price can give up to 10 x more from current levels.
If you don’t have this coin in your portfolio like we do, then it’s better to wait for a correction, since the coin has been growing for more than 100 days without pullbacks.
By all logic, the coin will no longer fall much below $22, and it is in this zone that it will probably be possible to purchase.
Of course, there is already emptiness at the top and the coin can grow for a long time without a rollback, but buying on highs, not during a correction, in our experience, is a very bad idea.
It’s better to sit without a position in this coin at all than to lose -50% one day.
Of course, those who bought below $22 do not touch the coin and keep it until 2025.
3. $BNB
The token of everyone’s favorite exchange Binance is still very frustrating with its dynamics. For 2023, the coin is essentially trading at the same levels.
And all because of the constant litigation of the exchange. Large capital is clearly not ready to take risks buying this coin, we hope everyone understands why (see related idea).
Personally, for the same reason, we do not take this coin, although the project is excellent and has already proven itself 100%.
If you are ready to take a high risk, then now is a very good point to enter a position, and the stop from the current levels will be small.
Overall, the deal is excellent with excellent risk-profit.
According to the technique, the coin beat the medium-term downward upward trend on a growing volume. Indicators in the neutral zone. The bullish Golden Cross pattern has just formed.
The minimum growth target is $333, but this is only the minimum.
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