Uniglo (GLO), Bitcoin (BTC) And Cardano (ADA) Bullish Trend Spotted By Technical Analysts


The DXY (US Dollar Currency Index) has formed a double top, a massively bearish formation. The inverse correlation between Bitcoin and the DXY is fundamentally driven by Bitcoin being an inflation hedge, and a bet on Bitcoin is essentially a bet against the dollar. The stronger the dollar, the lower valuations of digital assets. And the inverse is true, the dollar has been on a parabolic upswing due to the FED’s monetary tightening policies, and now that it has broken out of that trend and been rejected twice, analysts expect a significant surge in Bitcoin and other digital assets valuations.

Uniglo (GLO), Bitcoin (BTC), and Cardano (ADA) are all signalling that bullish movements are inbound.

Uniglo (GLO)

Uniglo leverages scarcity and value backing to introduce an organic floating store of value. The importance of owning assets has been highlighted by inflation which has seen the purchasing power of savings decimated, and Uniglo developers have introduced a single token representing a diversified portfolio of investments.

By employing buy and sell taxes Uniglo acquires assets to store in the Uniglo Vault. Both digital and tangible assets are held, giving ordinary investors access to precious commodities such as gold and other high-end collectables such as fine art. Large-cap cryptos such as BTC & ETH are also stored in the vault. This diversification hedges against volatility and inflation, and offers a vehicle to preserve and grow wealth.

Bitcoin (BTC)

Bitcoin continues to trade in a narrow band, typical price action that precedes a violent move. Bitcoin’s RSI (Relative Strength Index) shows it is oversold on the monthly, weekly, and daily. This means Bitcoin is trading below its true value, and once the RSI bottoms out, there is only one direction for Bitcoin to move in.

The rally will catch many investors unaware, and these lull periods in trading can lead investors to forget how quickly Bitcoin can move when it wants to. In the next four-year cycle, investors will look back to the current price of Bitcoin, wishing they had bought more.

Cardano (ADA)

ADA, the native token of the Cardano mainnet, trades at a level not seen since the beginning of 2021, and opening a long position on ADA now could well be one of the most profitable trades investors make.

The RSI indicates that ADA is oversold, trading below its fair value, and with the coming Vasil hard fork upgrade, the Cardano network continues to go from strength to strength. Its ecosystem attracts new developers, and they are busy deploying smart contracts; all of this infrastructural progress will naturally be reflected in ADA’s price in the coming months.

Closing Thoughts

The current price of digital assets represents the accumulation period of a lifetime, and these valuations will likely never be seen again. Many investors waiting for lower lows will face a shock when they do not come, and they will probably end up FOMOing in during the next cycle. Smart investors are accumulating now.

Find Out More Here

Join Presale: https://presale.uniglo.io/register  

Website: https://uniglo.io 

Telegram: https://t.me/GloFoundation 

Discord: https://discord.gg/a38KRnjQvW 

Twitter: https://twitter.com/GloFoundation1 

Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 

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