Trading recommendations: Cardano(ADA), POWR, NXT
Way to the Support Level. POWR token
POWR token price has recently broken below the 100-Day EMA line. Continuing the falling trend, the stock price will testing the strong support level at 6.5k. MACD is also below the zero centerline, indicating a bearish trend.
The RSI indicator indicates that the token is near oversold territory on price charts. Currently the RSI is at 34 which is above the oversold threshold of 30. However, the signals from RSI and Bollinger bands are strong, hence the token price is likely to remain below 20 day moving average resistance line.
https://www.tradingview.com/chart/POWRBTC/bvnoYysw-Way-to-the-Support-Level-POWR-token/
NXT to 4k
NXT coin price is testing the 20-Day EMA resistance line, marginally crossing the moving average line at 2.4k. NXT price is currently at 2.5k. MACD is sending a bullish signal, indicating that coin price will cross the 20-Day EMA resistance. In a bullish crossover, the MACD line has crossed the signal line.
https://www.tradingview.com/chart/NXTBTC/mtT7It7y-NXT-to-4k/
Cardano (ADA) Coin Oversold
ADA coin has been on a downtrend in the last couple of weeks, after the coin had breached the 20-day and 50-day moving average support lines. ADA coin is down more than 40% from the beginning of the year high it had created on January 5th, though it is still up a whopping 850%. The recent correction has brought the coin into the oversold territory. ADA's RSI has fallen to 30.5, which indicates that the coin is almost oversold and the correction in the ADA price is almost over. Cardano coin's next support level is set to come from its 100-day moving average.
https://www.tradingview.com/chart/ADABTC/NJEiqRtH-Cardano-ADA-Coin-Oversold/
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