A top trader has identified a mega buy signal for Ethereum (ETH) that could trigger gains of up to 1,600% for Shiba Inu (SHIB) and RCO Finance (RCOF). He insisted Ethereum price could rally soon.
Shiba Inu has gained 27% this month, while RCO Finance’s RCOF token has raised $3 million in presales. RCOF is expected to increase to 100x after upcoming listings and institutional adoption. Let’s discover more.
IncomeSharks Identifies Key Mega Buy Signal for Ethereum
IncomeSharks, a top trader, highlighted a key mega buy signal for Ethereum, signaling a bullish trend. In a tweet, the trader noted that Ethereum’s supertrend indicator still holds a buy signal despite the On-Balance Volume remaining in a downtrend.
However, previous super trends have failed. IncomeSharks sees this as a crucial moment for the Ethereum price if the OBV gains confluence with the current price action. According to him, this super trend buy signal could be the perfect entry point.
IncomeSharks believes that if Ethereum confirms OBV confluence, the opportunity for nice gains will increase. In early October, Ethereum’s price was around $2,400, with a slight increase of 2% in the past month.
If this bullish scenario plays out, Ethereum price could have a cascading effect on other altcoins like Shiba Inu and RCO Finance. Analysts speculate that a move in Ethereum price could trigger rallies up to 1,600% in Shiba Inu and RCOF.
Top Trader Predicts Bullish Momentum for Shiba Inu
This top trader says Shiba Inu regains momentum and hints at a bullish outlook if the Ethereum price rises. SHIB has experienced a 27% increase in the past month and was trading around $0.000017 in mid-October.
Its key support level is $0.0000170, which has kept it trading within a triangle pattern, nearing its resistance point. Technical indicators, such as the MACD, show a declining red histogram, which signals growing bullish sentiment for SHIB.
Additionally, the SMA supports the price in the daily chart, suggesting that Shiba Inu could continue its upward trend throughout the month. Looking ahead to 2024, if a bullish breakout occurs, SHIB could test its resistance trendline at $0.000023.
RCO Finance Offers Exclusive Features for RCOF Holders
Traders also say RCO Finance has a bullish outlook and expects a 1,600% price increase of its native token, RCOF. They say RCOF holders will get exclusive features like advanced insights and private syndicate ETF funds.
RCO Finance offers a smooth, no-code solution and allows its users to access the best investment strategies. It uses artificial intelligence to eliminate the need for brokers and intermediaries, allowing investors to access innovative tools directly.
This direct engagement reduces costs and empowers users to manage their portfolios without financial expertise. Its investment strategies are personalized with your financial goals and risk tolerance.
In addition, RCO Finance’s AI-powered robo advisor continuously analyzes vast amounts of real-time market data. It adjusts your portfolios according to their insight and the condition of the market. In the RCO Finance platform, you can have a diversified portfolio due to its offering of 120,000 assets like stocks, bonds, cryptos, RWAs, etc.
RCOF Presale Raises $3M, Targets 1,600% Surge with Listings
With projects increasing by 1,600%, investors show great confidence in RCO Finance. Moreover, the upward rally of the Ethereum price will positively affect RCOF. Its SolidProof audit confirmed no vulnerabilities and has attracted institutional investors and top traders in the crypto world.
In stage 2 of its presale, RCOF is priced at $0.034 and raised over $2.9 million. Experts predict a listing price of $0.60 on Uniswap. Once RCOF is listed on top centralized exchanges like Binance, it is expected to generate ROI beyond 16x.
Analysts are convinced that it could return over 100x. Join now and accumulate huge gains with RCOF!
For more information about the RCO Finance Presale:
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