TradingView’s technical indicators are flashing buy signals for Bitcoin, Ethereum and XRP, according to the latest reports.
Today, all three coins are trading in the green.
There have been all kinds of bullish predictions for these coins lately and ETH is expected to hit $500, while BTC is also expected to reach $12k once again.
On the other hand, earlier today, we revealed a pretty grim prediction surrounding BTC.
Glenn Neely who is a renowned figure in the world of trading said that he has a grim outlook on the world’s largest digital asset.
The US dollar flashes sell
On the other hand, it’s been revealed that TradingView says that the US dollar has a sell recommendation amidst a historic drop in the value of the world’s reserve currency.
The online publication the Daily Hodl notes that the platform’s trading indicators are using a mix of methods of analysis which include moving averages, oscillators, and pivots in order to forecast where assets may be heading.
“The U.S. Dollar Index (DXY) has a sell rating on 1-day, 1-week and 1-month timeframes. Moving averages on 1-day, 1-week and 1-month timeframes recommend a “strong sell”,” according to the notes.
As the online publication mentioned above points out, it’s also important to note the fact that the sell signal for the US dollar comes as the greenback in threatening to fall near its lowest level in 27 months.
More losses for the dollar are also expected from UBS, Goldman Sachs, and Societe Generale.
Reuters recently reported that “The chief investment officer of currency manager A.G. Bisset believes the U.S. currency will plunge 36% against the euro over the next year or so, taking it to levels it has not seen in more than a decade.”
We recommend that you check out the complete analysis made by Trading View.