Hello Traders !!
I am starting a new series of posts that I would be posting on a daily basis about my perspective on various securities or underlyings (whatever you call it). I have been doing trading since last year and can proudly say that finally this knowledge has made me financially independent.
Most of you or almost everyone in this channel will agree with me on a statement that I believe is true and that is :
"Learning how to trade is the most valuable/rewarding skill anyone can ever learn"
So, today I will be posting my view on some of the trending underlying like Bitcoin, Cardano and Ethereum .
I know only technical analysis do not affect the price of the security as fundamental analysis also plays a major role, which we have seen recently in May'21 , after Elon Musk's tweet on cryptocurrencies.
Let's begin with my view on BITCOIN
Bitcoin seems to be hovering around a good demand zone on a daily time frame, so according to me if it manages to stay above 50k and create a good base there, then there are high chances that it will reach 60k in no time.
Again , This is just a financial advice, Do Not Trade solely on my opinion.
My views on ETHEREUM
As per my view, I am seeing some weakness right now on daily time frame. so ETH should spend some time at the demand zone at 3200 and create a good base there. After that , it will be ready to launch and reach 4k with no other important resistance.
This is just a financial advice, Do Not Trade solely on my opinion.
Last one for the day, but still the most important one, CARDANO or ADA
ADA is looking very very **bearish ** at this time on a daily time frame and there's also no good demand zone before 2 dollars. So, it has to hit 2$ and stay there for some time to gain some strength again and shoot up. I will buy some ADA at that time (Personal opinion).
These are all my personal opinions about the above securities, please do your own research before investing you hard earned money.
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