ST Commodity Trading & Advisory Services Ltd.

REG NO: PVT-ZQUJ5L9

(stta.io)

UMA may be Next to Ride.

UMA is sitting calmly at the bottom end of it’s price range. It is finding strong support on Upward TrendLine. We’re expecting a sharp 60% Pump against USDT and 30-50 % against Bitcoin.

Signal:

Traders may buy at current price level with 30% Risk (stoploss) and 60% Reward (Take Profit)

Disclaimer: Not a legal or financial advice. Please invest your money with due diligence and at your own risk.

Chainlink is ready to Go for NEW ATH.

Chainlink finds support on Bullish Trendline which was started in April, 2019. RSI in day chart is overbought which indicates Chainlink is ready to go to the north against it’s counterpart i.e. Bitcoin.

Signal:

Buy at current price 0.00045 BTC with stoploss at 0.00023 (50% risk) and profit taking should be around 0.0016 BTC (300 % Reward). This signal is for LONG TERM traders.

Disclaimer: Not a legal or financial advice. Please invest your money with due diligence and at your own risk.

Overview:

Bitcoin is highly overbought now. RSI on weekly chart is above 90%. We think it’s the GREED and FOMO of retail investors which is dragging BITCOIN up. We’re expecting sharp downfall in Bitcoin dominance soon.

Other Option:

There are some other opportunities which seems more attractive than Bitcoin in respect to ROI (Return on Investment). Defi is one of them. Let see DEFI INDEX PERPETUAL CHART:

In this chart, you can see the DEFI INDEX PERPETUAL chart is making BULLISH BLAG which tells us breakout on upside is coming soon.

Following is BULLISH FLAG PATTERN:

You can see the 6th wave is underway.

SIGNAL:

We recommend our readers to invest in DEFI COINS now instead of BITCOIN. Our feverote picks in DEFI are CHAINLINK (current price $10.80) , Yearn.Finance (current price $22,000) , AAVE (current price $72) and REN (current price $0.25)

Bitcoin Dominance May Fall Soon

Description: Bitcoin dominance is heading towards it’s major resistance level i.e. 70% while RSI approaching to overbought Zone. Also, the dominance seems completed it’s elliotwaves (5 wave pattern).

Signal: In our opinion, This is very attractive entry point in Altcoins (specially which falls in top 100).
Investors should have 50% in Bitcoin and 50% in Altcoins in their portfolio.

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