Buy signal for two oversold cryptocurrencies amid Iran-Israel escalation
Geopolitical tensions between Iran and Israel have put the crypto currency market in a bearish state, as fear escalates worldwide. In this context, two cryptocurrencies now present an oversold daily Relative Strength Index (RSI), making for a potential buy signal . Israel plans to launch an attack against Iran in retaliation for its drone and missile offensive this past weekend. Amid uncertainties, the crypto and stock markets have been registering record losses since last Friday, affecting relevant technical indicators. In particular, cryptocurrencies’ daily Relative Strength Index dropped to an average of 34.32 points, on April 16. Finbold retrieved the RSI average from CoinGlass on the same date, spotting two oversold cryptocurrencies below this level. Picks for you What’s happening with the dollar as USD skyrockets to a 5-month high? 46 mins ago DOGE trades near crucial support; Crypto expert eyes major ‘buy’ opportunity 58 mins ago Biden vs. Trump...