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ragle
4. Jan. 2018 22:36

ADA ready for another run? 

Cardano / BitcoinBittrex

Beschreibung

Might still be some room to grow here?

Kommentar

I'm still learning (obviously). See discussion below for what I got wrong here.

Lesson learned:

Stepping back to at least a day (or longer, if possible) and checking the RSI can give you an idea of how overbought the asset is.

In this case: imgur.com/a/o7cx1

See: investopedia.com/terms/r/rsi.asp?lgl=rira-layout
Kommentare
Alminc
you people creating these charts need to zoom out a bit and see the big picture... ADA, XLM, and XEM are way overbought on a daily chart... Daily RIS needs to get below 70 if we are gonna see another rise... currently it's a downtrend and personally, I think we can see a drop of somewhere between 30-40%.
ragle
@Alminc,

Yeah - obviously overbought and due for correction - just wondering if there would be one more run (especially with the roadmap out today) before the correction.

Appreciate the tip RE RIS < 70.
Alminc
@ragle, I don't know but this is crypto, it sells better on hype and rumors than on actual news. Roadmap should be good news but I kind of doubt it, wait and see, I think we are going to see a drop once roadmap is released. You must remember that ADA hasn't actually delivered anything so far compared to others...

PS! don't take my advice seriously as I'm no financial advisor. Half the time I don't know what I'm doing LOL :)
ragle
@Alminc, lol- makes two of us.

It's pretty clear with a stochastic RSI oscillator at 1 day resolution though: imgur.com/a/o7cx1

Helpful!
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