ETHBTC About to take off. Ethereum expected to gain massively.It has been more than 5 months (October 07 2023, see chart below) since we last published our view on the ETHBTC pair, when we discussed that the 2022/ 2023 Channel Down was a matter of time to reverse as soon as it would hit the Higher Lows trend-line of 2019:
As you can see, the pair started to trend upwards after touching the Higher Lows trend-line on the week of December 18 2023, posting a series of Higher Highs and Higher Lows. The fact that the 1W RSI became oversold below 30.00 and then started trending upwards on Higher Lows, is a clear sign that the pair bottomed, similar to the bottom of September 02 2019.
What followed then was a break above the 1W MA50 (blue trend-line) and then a sustainable series of Higher Highs and Higher Lows until the 1W MA200 (orange trend-line) broke also and turned parabolic.
For now we have had 2 rejections on the 1W MA50, so in our view that is the confirmation signal. As soon as the price breaks above it, we expect ETHBTC to first target the bottom of the 3-year Resistance Zone at 0.08300 and then conclude the Bull Cycle marginally above the 1.5 Fibonacci level, but we will maintain Target 2 there at 0.1200.
Bottom line: Ethereum is expected to gain massively against Bitcoin over the next 12 months.
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Cryptocurrencies
BITCOIN Is $175000 so easy to achieve?Bitcoin (BTCUSD) broke its All Time High (ATH) this month, making history once again. The quest for the rest of the month is to close the March 1M candle above the previous ATH (69000). Why is this important? Because every time it did so in the past on each and every Cycle, the price never looked back and it entered the most aggressive part of the Bull Cycle: the Parabolic Break-out Phase.
This has coincided with the 1M RSI breaking above the 0.786 Fibonacci retracement level of the Fibonacci Channel Down. As you can see on the chart every time it did so, it reached (or almost) the top of the Channel Down (blue circle) while the price hit the 1.618 Fibonacci extension. During the first 2 Cycles the price went on even considerably higher than that (red rectangle) before the Cycle peaked, while the 1M RSI again hit the top of the Channel Down.
During the previous (most recent) Cycle though, there was no 2nd RSI top, as the price only marginally exceeded the 1.618 Fib with its 2nd top, in fact it didn't even close a 1M candle above it.
As a result, we may have a similar 'Double Top' Cycle this time also, but that's just the modest scenario. In any case the 1.618 Fib extension is now priced at $175000, which technically is a 'certainty' (if you can ever say that in investing) based on this historic chart and the Target of this Cycle.
But what do you think? Is $175k a given and if yes, will BTC surpass the 1.618 Fib for an even higher Cycle Top? Feel free to let us know in the comments section below!
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BITCOIN New bottom formed. Rally could aim well above $100k.Bitcoin (BTCUSD) is at the early stages of a new parabolic rally, similar to January - March, as a key bullish development took place. The 1D RSI hit the 50.00 neutral (middle) level for the first time since breaking above it on January 26 2024 and rebounded, while keeping the 1D MA50 (blue trend-line) intact.
This is a strong bullish signal for the Bull Cycle. BTC has been within a range for the majority of this month and last time all those parameters emerged together was in late November - early December 2020. At that time, Bitcoin also hit the 50.00 RSI level, held above the 1D MA50 and after being ranged for almost a month, it started a new parabolic bullish leg towards the 6.0 Fibonacci extension before the next 1D MA50 pull-back.
As you can see, both sequences capped a roughly +100% rise since the previous Lows where the price made contact with the 1D MA100 (green trend-line) and eventually bounced. The 1D MA100 wasn't touched again for almost 7 months, not before BTC approached the 8.0 Fib extension, completing a +563% rise from that Low.
The fractals are virtually identical so far and if the current price action continues to replicate 2020/ 2021, we expect the 1D RSI to hit 90.00 again before retracing. If $100k isn't hit at that time, we will book profits regardless and buy again on the next 1D MA50 contact. Until then, $100k is our next Target.
But what do you think? Is 100k a realistic target that soon and if yes can Bitcoin repeat 2021 to its full extent and even reach 250k? Feel free to let us know in the comments section below!
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MPCUSDT Is Partisia Blockchain the next security crypto gem?Partisia Blockchain's (a Web3 public blockchain built for trust, transparency, privacy and sub-second finalization time) listed its MPCUSDT token on multiple exchanges since yesterday. The buzz around it is strong so we took a look at its price action and discovered a potential crypto gem behind it.
** Technical Analysis **
The best time to buy such a token is at the very beginning. And what better pattern to utilize than an Inverse Head and Shoulders (IH&S) right from the very start.
As you can see, the price just broke above the initial Lower Highs trend-line, which is about to test it as Support, and we can see a Channel Up already emerging (dotted lines). What better formation to accompany that, than a Bullish Cross between the MA50 (blue trend-line) and MA100 (green trend-line).
As long as the RSI holds its Higher Lows trend-line), this is a buy opportunity. In standard technical IH&S fashion, the pattern targets the 2.0 Fibonacci extension from the Head, which is exactly at 0.7500. That would be +80% from the bottom and +40% from the current level, indeed excellent for short-term profit.
** Fundamental Analysis **
But MPCUSDT isn't just here for the short-term. We view this as a long-term project that has the capacity to reach the leaders of the industry.
The MPC token derives its name and fundamental principles from multiparty computation technology, a technology that maintains data encryption across all states, ensuring the protection of underlying information and enhancing user control over their data. At its core, the MPC token functions as the cornerstone of the Partisia Blockchain’s security mechanism. The token is staked to all nodes within the network, ensuring the ecosystem's integrity and reliability.
Some key points on MPC:
- It ensures transparent elections by safeguarding voter data through privacy-preserving on-chain voting. It enables pattern recognition and analysis on secret-shared data, particularly suited for large datasets requiring privacy. This fusion drives unprecedented growth in privacy-preserving AI models, crucial for collaborative machine learning without revealing individual datasets. MPC guarantees secure computations at the edge, essential for IoT security.
- In DeFi , MPC addresses financial inclusion and scalability challenges, emphasizing compliance and interoperability. Partisia Blockchain’s quantum-resistant MPC solutions safeguard data against quantum threats, potentially integrating into quantum technologies. MPC shapes decentralized identity solutions, granting individuals control over their digital identities.
- In healthcare , MPC facilitates secure collaborative research, expediting breakthrough treatments while safeguarding patient privacy.
As the crypto market continues to navigate the complexities of privacy, the integration of Partisia Blockchain into major trading platforms marks a significant moment for the community. It serves as an acknowledgment for projects that are innovative and tackle today's challenges in the fields of privacy and security.
The interest on privacy-focused cryptocurrencies has only just begun and the listing of the MPC token serves as a strong reminder and this is a great opportunity for long term investors looking for crypto gems to position themselves early. We are as bullish as it can get on MPC!
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FETUSD Will it correct? Be ready for $10.Fetch.ai (FETUSD) easily hit our last $1.80 target that we set 4 months ago (November 20 2023, see chart below) when the price was still only 0.57:
That completed the 2nd wave of the (dotted) Channel Up that started on the November 22 2022 market bottom, which was a Higher Low on the wider, historic Channel Up that goes back to 2020. Now that the 1.5 Fibonacci extension broke, we do expect a new pull-back but not lower than the 1W MA50 (red trend-line), which should act as a Support until this Bull Cycle is over or the 1.0 Fib (which is where the June 22 2021 low bottomed).
As a result we are looking for an entry around 1.2000 for a buy that will target the top of the historic Channel Up at $10.00.
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BTCUSD - the breakdown of a breakdownUsing the BTCUSD 4H chart, here I show how to do:
1. Projection for upside target;
2. Identify and qualify a breakdown.
First, if you scroll to the left of the chart, you will see that a rally and retracement was identified. An arrow was mapped to the length of the first rally. Then clone the arrow and shift the clone to start at the bottom most point of the retracement. This extension rally typically has a few characteristics...
a. MACD and VolDiv will spike high and cross down, but linger in the bullish area gradually falling (as opposed to a quick cross down and drop below the zero line); and
b. Price will rally and stall and repeat a pattern of higher lows and higher highs.
Now, typically, an extension rally should target for the 1.62 Fibonacci level before a proper stall. But in this case, a stall came in about 1.23 Fib level. This has been observed to frequently happen and then it can rally up another extension to 1.62.
As in this case it failed and started a breakdown pattern.
The breakdown pattern starts with a flattening out of prices. In this case, price started deviating from the projected path.
This comes with a bearish divergence in both MACD and VolDiv, in the forms of lower highs as opposed to price higher highs.
Then, a series of lower highs and lower lows will form... this is shown in the blue line. Note that the level formed by Point C is the ultimate breakdown level. once price completes the pattern and breaksdown below Point C, it is completed and a flush down typically follows.
By this time, the technical indicators MACD and VolDiv should clearly show a crossdown into the bearish area below the zeroline.
So, we then can do the projections to the downside, in a similar fashion. This time instead of using the arrows, the Fibonacci levels are shown...
For this case, a confluence is seen about 62K... and hence, expected a bounce about that level. But the target is a little further down at 60K. (Yellow and Red ellipse, respectively).
I had earlier posted via mobile a 62K target and within an hour or so, it swiftly hit that level.
Now to watch how it breaks down to 60K...
So there you have it, my descriptive of how I identify the trend change / retracement / pullback.
PS. I wanted to mention that time line on 14 March 2024. It was drawn in advance and denotes the peak point in time.
The next is about a month's time where is should bottom out in the middle of April (not shown in this chart.
BITCOIN Will 60k hold?Bitcoin (BTCUSD) is having so far its strongest correction (almost -15%) in 2 months (since the January 23 2024 Low) with the 1D RSI turning neutral (was overbought last week) after forming Lower Highs (i.e. a Bearish Divergence).
The dominant pattern is still a Channel Up, supported by the 1D MA50 (blue trend-line) and last time we saw such an RSI Bearish Divergence was during the previous Channel Up (October 13 2023 - January 11 2024) but turned out to be false and the trend continued upwards. This time though the pull-back appears to be stronger, similar to January 12 2024, which broke the previous Channel Up and made a bearish move towards the 0.382 Fibonacci retracement level.
As a result we are looking for a pull-back extension near Support 1 (59500) and the 0.382 Fib, which is marginally below it, where the 1D MA50 is headed. This is the strongest Support Cluster possible on the short-term and if it holds, the bullish trend of the Channel Up should be maintained and the potential rebound can target $90000 around the time of the Halving. If however the price closes a 1D candle below the 0.382 Fib, we will be looking towards a 1D MA200 (orange trend-line) test around 45000, before the bullish trend is resumed.
Notice also that technically the 44.90 - 36.00 1D RSI Support Zone has been a buy opportunity since for the past 6 months.
Feel free to let us know in the comments section below!
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MEDIA Network Protocol - low market cap altcoin on BASEIt allows anyone to organically serve content without introducing any trust assumptions or pre-authentication requirements. Participants earn MEDIA rewards for their bandwidth contributions, a fixed supply SPL token minted on Solana’s Blockchain.
High risk high reward and would be lying if I said it wasn't a good value buy right now for later in the bull market.
Not sure what that massive spike was but I expect lots more volatility given its only 8 Million dollar market cap!
NFA
AVAXUSD $104 is the minimum target on this run.Avalanche (AVAXUSD) has been trading within a Channel Up since the October 19 2023 Low and at the moment is halfway through its 2nd Bullish Leg of the sequence. So far it has been replicating to a fair extent the previous Leg, trading above the 1D MA50 (blue trend-line), which shouldn't be touched again before the next peak.
If it continues to repeat the sequence, then we can see $155 as a peak (Higher High), since the previous leg topped at around +470% from the bottom. We take a more conservative target however, aiming for the April 02 2022 High at $104.
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THETA/BTC - Theta Network: Super Trend◳◱ On the $THETA/ CRYPTOCAP:BTC chart, the Super Trend pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.00005259 | 0.00005928 | 0.00007199 and support near 0.00003988 | 0.00003386 | 0.00002115. Entering trades at 0.00004774 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Theta Network
▣ Rank: 41
▣ Exchanges: Binance, Huobipro, Hitbtc
▣ Category/Sector: Media and Entertainment - Content Creation and Distribution
▣ Overview: The Theta Network is a blockchain protocol for improving the process of creating, streaming, and consuming video content online. Theta Tokens are used in the network to incentivize users to act as peers who share redundant or excess computing and bandwidth resources with other peers. In June 2021, Theta Network added NFTs, e.g. trading cards of media celebrities, to the product portfolio.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00004774 ₿
▣ 24HVol: 19.208 ₿
▣ 24H Chng: 8.574%
▣ 7-Days Chng: -6.35%
▣ 1-Month Chng: 174.98%
▣ 3-Months Chng: 217.73%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00005259 | 0.00005928 | 0.00007199
◢ Support: 0.00003988 | 0.00003386 | 0.00002115
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 8.92
▣ Last 90D: 4.23
▣ Last 1-Y: 1.58
▣ Last 3-Y: 0.25
◲◰ Volatility :
▣ Last 30D: 1.51
▣ Last 90D: 1.17
▣ Last 1-Y: 0.83
▣ Last 3-Y: 1.10
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.35 - Bearish
▣ Reddit sentiment score is 0.31 - Bearish
▣ In-depth THETABTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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BITCOIN This dump will truly test the strength of the rally!Bitcoin (BTCUSD) declined from the fresh 73700 All Time High (ATH) back to 65600 in a matter of a few hours, breaking below the 4H MA50 (blue trend-line), entering the green Ichimoku Cloud for the first time this month, while touching the bottom of the short-term Channel Up pattern.
This is the 2nd Higher Low for the pattern and now is the time for the trend to test the strength of this rally. As long as the candles close inside the Channel Up, we expect the bullish trend to continue and make a break-out attempt even to the 3.0 Fibonacci extension (90000), similar to the Channel Up bullish break-out that delivered the December 09 2023 High.
The two patterns share many similarities not just on their price action and MA periods involved but also on their RSI sequences. If the Channel Up breaks to the downside though, we expect a quick test of Support 1 and will pursue a 60000 Target that should test the 4H MA200 (orange trend-line). Then, as long as the 1D MA50 (red trend-line) holds, we can look forward to a bullish reversal and higher accumulation towards yet another ATH near the end of the month or at worst first week of April.
Feel free to let us know in the comments section below!
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SOL/USDT - Solana: Trend Reversal◳◱ On the $SOL/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 163.02 | 181.65 | 229.29 and support near 115.38 | 86.37 | 38.73. Entering trades at 171.1 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Solana
▣ Rank: 5
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Solana is a public base-layer blockchain protocol that optimizes for scalability. Its goal is to provide a platform that enables developers to create decentralized applications (dApps) without needing to design around performance bottlenecks. Solana features a new timestamp system called Proof-of-History (PoH) that enables automatically ordered transactions. It also uses a Proof of Stake (PoS) consensus algorithm to help secure the network. Additional design goals include sub-second settlement times, low transaction costs, and support for all LLVM compatible smart contract languages.
◰◲ Technical Metrics :
▣ Mrkt Price: 171.1 ₮
▣ 24HVol: 1,461,279,730.244 ₮
▣ 24H Chng: 11.277%
▣ 7-Days Chng: 18.68%
▣ 1-Month Chng: 51.91%
▣ 3-Months Chng: 135.81%
◲◰ Pivot Points - Levels :
◥ Resistance: 163.02 | 181.65 | 229.29
◢ Support: 115.38 | 86.37 | 38.73
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 6.72
▣ Last 90D: 4.00
▣ Last 1-Y: 2.72
▣ Last 3-Y: 1.24
◲◰ Volatility :
▣ Last 30D: 0.71
▣ Last 90D: 0.90
▣ Last 1-Y: 0.87
▣ Last 3-Y: 1.20
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.57 - Bullish
▣ Reddit sentiment score is 0.76 - V. Bullish
▣ In-depth SOLUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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WIFUSD The frenzy is approaching a technical Resistance.Dogwifhat (WIFUSD) has been the revelation of the last 3 weeks as during that time it grew by more than +1000%. This rally is mostly euphoria driven and the frenzy may very well push even higher. But we can't neglect the technical Resistance levels along the way.
The strongest of them is the top (Higher Highs trend-line) of the Channel Up pattern since it first started trading. The 1D MACD formed a Bearish into Bullish Cross pattern and last time we saw this was on January 25 2024, when the price started pulling back. In that sense, a short-term correction back to the 1D MA50 (blue trend-line) and Support 1 (1.01500) is a realistic scenario if the market is to find new buyers.
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SOLUSD You were warned about it. 1st ever 1W Golden Cross formedSolana (SOLUSD) broke above its former Channel Up as we explained on our last bullish call (December 08 2023, see chart below) and hit last week our 144.000 Target:
Right now it is best to take a step back and view SOL's price action on the 1W time-frame, where the clear long-term trend is revealed, and that's bullish within a Channel Up pattern. The Fibonacci Channel levels reveal that it is still in its early stages within the 0.236 - 0.382 Fibonacci range.
On top of that, it just formed its first ever 1W Golden Cross! This is an incredibly bullish pattern and we expect the whole bull run to peak at atleast +5150% from the market bottom just as the November 2021 Top did. As a result, our Target is $4000.
Note that every pull-back inside the 1W CCI green zone, is a long-term buy opportunity.
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BONKUSD broke out and is targeting 0.00045BONK (BONKUSD) broke above its December 15 2023 High and as it has turned the 1D MA50 (blue trend-line) into Support following the Falling Wedge break-out, it is now aiming for a new High. Based on the 1D RSI price action, we might be at a post accumulation rally as in early November. That rally peaked marginally below the 3.0 Fibonacci extension from the start of the previous Falling Wedge. The new 3.0 Fib extension is at 0.00045 and that is our target.
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$SEI time for RETEST at $0.84📍Hello traders, today we are looking at BINANCE:SEIFDUSD 1H chart to see what is the situation right now at the market.
TSXV:SEI has performed very well during the last days, however it seems that it has reached a level where it will retest a resistance level.
📍Trading at $0.86 is happening right now and as we can see, at it is very close to reach the support level of 0.84 where it will retest. We have already outbreak the moving channel between 0.91 - 0.87.
As the whole market is going to make a correction, the same is expected by TSXV:SEI as well.
✔Recommended trading strategy: As we are moving at the resistance level it is suggested to follow a short order - short term. The price is going to move below $0.84 in the next hours. If we reach 0.84 it is expected to gain momentum to 0.90 and maybe higher.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
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BEL/USDT - Bella: BBand Breakout◳◱ On the $BEL/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 1.0205 | 1.1342 | 1.4202 and support near 0.7345 | 0.5622 | 0.2762. Entering trades at 0.9523 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Bella
▣ Rank: 668
▣ Exchanges: Binance, Bybit, Gateio, Mexc, Hitbtc
▣ Category/Sector: Financial - Asset Management
▣ Overview: None
◰◲ Technical Metrics :
▣ Mrkt Price: 0.9523 ₮
▣ 24HVol: 5,269,554.701 ₮
▣ 24H Chng: 2.929%
▣ 7-Days Chng: 21.22%
▣ 1-Month Chng: 55.90%
▣ 3-Months Chng: 32.41%
◲◰ Pivot Points - Levels :
◥ Resistance: 1.0205 | 1.1342 | 1.4202
◢ Support: 0.7345 | 0.5622 | 0.2762
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 7.59
▣ Last 90D: 1.49
▣ Last 1-Y: 0.99
▣ Last 3-Y: 0.43
◲◰ Volatility :
▣ Last 30D: 0.65
▣ Last 90D: 0.68
▣ Last 1-Y: 0.85
▣ Last 3-Y: 1.52
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.57 - Bullish
▣ Reddit sentiment score is 0.48 - Bearish
▣ In-depth BELUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
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MOVR/USDT - Moonriver: Double Bottom◳◱ On the $MOVR/ CRYPTOCAP:USDT chart, the Double Bottom pattern suggests an upcoming trend shift. Traders might observe resistance around 27.079 | 31.556 | 40.205 and support near 18.43 | 14.258 | 5.609. Entering trades at 24.318 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Moonriver
▣ Rank: 321
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Moonriver is a parachain on the Kusama network. Kusama is a "canary network" which encourages experimental development prior to implementation on the Moonbeam sister chain on Polkadot. Like Moonbeam, Moonriver is an EVM-compatible smart contract platform built using the Substrate framework. The network has a native token called Moonriver (MOVR), which will allow holders to participate in consensus through staking, paying for transactions, and vote on governance proposals.
◰◲ Technical Metrics :
▣ Mrkt Price: 24.318 ₮
▣ 24HVol: 27,215,397.767 ₮
▣ 24H Chng: 4.481%
▣ 7-Days Chng: 9.23%
▣ 1-Month Chng: 8.11%
▣ 3-Months Chng: 259.15%
◲◰ Pivot Points - Levels :
◥ Resistance: 27.079 | 31.556 | 40.205
◢ Support: 18.43 | 14.258 | 5.609
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.65
▣ Last 90D: 2.57
▣ Last 1-Y: 1.21
▣ Last 3-Y: 0.29
◲◰ Volatility :
▣ Last 30D: 0.68
▣ Last 90D: 3.30
▣ Last 1-Y: 1.79
▣ Last 3-Y: 1.57
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.38 - Bearish
▣ Reddit sentiment score is 0.35 - Bearish
▣ In-depth MOVRUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
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BNB/BTC - BNB: BBand Breakout◳◱ On the $BNB/ CRYPTOCAP:BTC chart, the Bband Breakout pattern suggests a consolidation phase that could precede a trend continuation or reversal. Traders might observe resistance around 0.007471 | 0.008373 | 0.009799 and support near 0.006045 | 0.005521 | 0.004095. Entering trades at 0.006758 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: BNB
▣ Rank: 5
▣ Exchanges: Binance, Kucoin, Gateio, Hitbtc
▣ Category/Sector: Financial - Smart Contract Platforms
▣ Overview: Binance Coin is digital asset native to the Binance blockchain and launched by the Binance online exchange.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.006758 ₿
▣ 24HVol: 484.938 ₿
▣ 24H Chng: 7.338%
▣ 7-Days Chng: 14.59%
▣ 1-Month Chng: 51.24%
▣ 3-Months Chng: 91.56%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.007471 | 0.008373 | 0.009799
◢ Support: 0.006045 | 0.005521 | 0.004095
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 8.06
▣ Last 90D: 4.83
▣ Last 1-Y: 0.98
▣ Last 3-Y: 0.63
◲◰ Volatility :
▣ Last 30D: 0.56
▣ Last 90D: 0.54
▣ Last 1-Y: 0.46
▣ Last 3-Y: 0.79
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.58 - Bullish
▣ Reddit sentiment score is 0.95 - V. Bullish
▣ In-depth BNBBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
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ONT/USDT - Ontology: BBand Breakout◳◱ On the $ONT/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.4041 | 0.4541 | 0.5781 and support near 0.2801 | 0.2061 | 0.0821. Entering trades at 0.3714 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Ontology
▣ Rank: 244
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Ontology is a high-speed, low-cost, public blockchain bringing decentralized identity and data solutions to Web 3.0. Its open-source network provides a platform for smart contract creation and decentralized application deployment. The project is concentrated on facilitating self-sovereign identification (ID) and data management. Ontology features a two-token system. ONT enables holders to contribute to the network's security mechanism and participate in governance decisions, while ONG is used to pay transaction fees.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.3714 ₮
▣ 24HVol: 5,594,523.000 ₮
▣ 24H Chng: 4.767%
▣ 7-Days Chng: 11.60%
▣ 1-Month Chng: 57.42%
▣ 3-Months Chng: 62.93%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.4041 | 0.4541 | 0.5781
◢ Support: 0.2801 | 0.2061 | 0.0821
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 7.18
▣ Last 90D: 1.65
▣ Last 1-Y: 0.99
▣ Last 3-Y: 0.12
◲◰ Volatility :
▣ Last 30D: 0.76
▣ Last 90D: 1.06
▣ Last 1-Y: 0.85
▣ Last 3-Y: 1.07
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.57 - Bullish
▣ Reddit sentiment score is 0.59 - Bullish
▣ In-depth ONTUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
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BITCOIN The ETF multiyear rally has only just begun(Gold's case)With Bitcoin's (BTCUSD) continuous bullish run, day after day, running basically the 7th straight green month, we thought it may be a good time to put things into a greater perspective from a macro point of view, as many seem confused over this hyper aggressive bullish sentiment.
The reason is one and one alone and has a very short name: E T F
Yes, everyone that is following the market knows that on January 11 2024, the first Bitcoin ETF was launched on the U.S. market and after a quick dip, the price has been rising every since. Other macro factors are playing their role, such as the AI technological innovation, the upcoming Halving, the anticipation of Fed rate cuts by June etc. But BTC has never made a new All Time High (ATH) before the Halving before, and this is primarily attributed to the ETFs introduction.
What better case to compare Bitcoin's price action to Gold's following its own ETF launch. That was done on March 28 2003 and the result you can see on the right hand chart. Gold used its 1W MA50 (blue trend-line) as a Support to fuel an 8 year parabolic rally, which only broken during the shock of the 2008 Housing Crisis, but still managed to recover the extend the rally until August 2011.
That peak almost on the 4.0 Fibonacci extension level from the High (January 1996) that preceded Gold's ETF. If Bitcoin follows a similar trend to Gold's (note that Gold's market cap is around $14.530 Trillion, while BTC's is 'only' $1.445 Trillion), it can reach and even surpass emphatically the $1000000 mark (the 4.0 Fib for Bitcoin is at $6 million). Crazy as this may sound (well that's Bitcoin's life story, everything has been 'crazy' at $1, then $10, $100, it was deemed expensive by some even at $1000 and so on), there is no time restriction nor the necessity to reach seemingly extraordinary levels in 8 years or 10. As the market matures, fiat currencies are devalued by more inflation etc, and adoption is accelerated, this may be a process that takes up 15, 20, 30 years. The key, not just for fund managers but also average investors, is to hold Bitcoin in their portfolios just as it has been paying off since 2003 to hold Gold.
Buy what do you think about these two assets and their potential similarities of their post ETF trends? Feel free to let us know in the comments section below!
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ARPA/USDT - ARPA Chain: BBand Breakout◳◱ On the $ARPA/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.08686 | 0.09586 | 0.11927 and support near 0.06345 | 0.04904 | 0.02563. Entering trades at 0.0827 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: ARPA Chain
▣ Rank: 501
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Shared compute
▣ Overview: ARPA is a layer two protocol utilizing Multi Party Computation (MPC) for analyzing sensitive data. When deployed on a layer one, it allows the sharing and analysis of sensitive data without compromising the sensitive nature of the data itself. This is especially important for any layer one where all transactions are public.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.0827 ₮
▣ 24HVol: 10,422,909.883 ₮
▣ 24H Chng: 4.644%
▣ 7-Days Chng: 24.41%
▣ 1-Month Chng: 47.85%
▣ 3-Months Chng: 65.43%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.08686 | 0.09586 | 0.11927
◢ Support: 0.06345 | 0.04904 | 0.02563
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 5.83
▣ Last 90D: 2.42
▣ Last 1-Y: 1.27
▣ Last 3-Y: 0.63
◲◰ Volatility :
▣ Last 30D: 0.72
▣ Last 90D: 0.90
▣ Last 1-Y: 1.10
▣ Last 3-Y: 1.32
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.72 - Bullish
▣ Reddit sentiment score is 0.77 - V. Bullish
▣ In-depth ARPAUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
XRPUSD Its aggressive move has started.XRPUSD followed relatively closely our structure last time we gave a long-term call (September 13 2023, see chart below), hitting our 0.56750 Target:
We now zoom out on the 1W time-frame where the pattern becomes more clear. XRP is about to close a 1W candle above the 3rd Channel Up in a row. If it does, we expect a test of the upper Resistance Zone, similar to what happened on the March 27 2023 1W candle.
As a result, our final Target is intact at 0.9300. Notice that the 1W MACD just formed a Bullish Cross, the 4th since August 2022, which is always a buy signal. On top of that, XRP is closer than ever to the first 1W Golden Cross since the week of April 21 2021, the most bullish pattern we can get amidst this new Bull Cycle.
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