Cryptocurrencies have registered massive gains in the past seven days, most of which have reached an overbought status. However, the cryptocurrency market has its laggards, now recovering from weak price action and gaining momentum.
Investors can benefit from technical analysis buy signals. In particular, from indicators suggesting trend reversals for cryptocurrencies that are picking up steam.
Therefore, Finbold turned to CoinGlass’s Relative Strength Index (RSI) heatmap on March 3, looking for insights. From there, we spotted two recovering cryptocurrencies with solid fundamentals that are gaining momentum in the weekly time frame.
Strong buy signal for a recovering Monero (XMR)
First, Monero (XMR) is recovering from a huge drop as low as $100 in early February, following bearish news. On that occasion, Binance announced the delisting of the leading privacy coin, surprising the market that panic-sold XMR.
This event gave Monero an oversold weekly RSI, from which the so
We współpracy z: https://finbold.com/buy-signal-for-2-recovering-cryptocurrencies-this-week/
