Cryptocurrencies poised for a breakout in the next hour!
Based on technical analysis using Dow Theory, Bollinger Bands squeeze, and RSI, these cryptocurrencies show strong bullish opportunities:
1. XRP (Ripple)
• Bollinger Band at its lowest range for a while.
• RSI at neutral levels with increasing buying momentum.
• Recommendation: Enter at break of 2.12$ | Stop Loss: 1.98$ | Target: 2.45$
2. TRX (Tron)
• Rare compression in Bollinger, an indicator of strong movement nearby.
• Recommendation: Enter after break of 0.125$ | Stop Loss: 0.118$ | Target: 0.14$
3. BTC (Bitcoin)
• Price stable above the middle Bollinger.
• Targets 110,000$ in case of breaking strong resistance.
• Recommendation: Enter at 96,500$ | Stop Loss: 94,000$ | First Target: 102,000$ | Second Target: 110,000$
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Advice for traders:
• Do not enter until confirmation of resistance break with a 4-hour candle close.
• Use a stop loss to avoid sudden reversals.
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