Predictions
ETHUSD Analysis of the reasons for the price increase.It is safe to say that the cryptocurrency market was indirectly affected by Russia's special military operation against Ukraine. Since the start of the Russian-Ukrainian war, BTCUSD price has soared over $11,000 to approach the $45,000 resistance level again. Other cryptocurrencies have also made considerable gains, with ETHUSD price also rallying $700 and currently testing the market reaction around $3,000.
Two things worth noting: first, according to reports Ukraine is currently raising funds from the world via social media to resist the invasion, with cryptocurrency donations to the government exceeding $28 million so far; second, Russia is under economic sanctions and the country's financial institutions are banned from using the SWIFT international settlement system, that means it is difficult for the country's financial institutions to make cross-border fund transfers greatly affects the country's global money movement and trade conduct. We suspect that this is the reason for the recent resurgence of popularity in the cryptocurrency market.
XAUUSD price pullback will provide favorable opportunities?The volatility of XAUUSD has increased significantly recently due to the outbreak of the war between Russia and Ukraine. After briefly hitting a high of $1974, the price fell back sharply to the gray zone in the chart, a price range that should be taken seriously enough. We still need to remain patient until the asset price resumes a broader uptrend.
Pick and LIke
Earlier analysis
Gold - Three Specific Predictions (1915, then 1956, then down)LMK your thoughts in the comments.
My three predictions...
1. Down to 1915
2. Back to 1956 approximately
3. Then a slapper down...
And the question that will be answered by the market and the market only... is the trend still intact?
Will we get one more C wave down or will it complete a full impulse and subsequently head for Valueville?
Money flowing out of metals to move into bonds + hedging could be a powerful force near 2000. But so is war in Ukraine and a robust money supply.
Your guess is as good as mine!
FOLLOW THE RAINBOWWhile technical analysis is usually NOT easy, once in a while it can be.
This chart - which shows the TOTAL MARKET CAP minus ETH & BTC - just so happens to be one of those rare cases, and some simple pattern recognition is all it requires to see the obvious similarities that exist between the two fractals/structures. Assuming the pattern holds, expect to see price bounce one more time within the final (purple) circle before...BLAST OFF.
Bitcoin Elliott Wave Theory suggests BTC price can drop to $25.5The bearish outlook by the Elliot Wave Theory appeared as Bitcoin tumbled below $35,000.
The ongoing Bitcoin (BTC) price correction could continue as per almost a century-old technical analysis principle called "Elliott Wave Theory."
The interim bearish outlook put forth by the Elliot Wave Theory appeared as Bitcoin tumbled below $35,000 amid the Russia-Ukraine conflict.
XAUUSD Will they cast a vote of no confidence in Russia?XAUUSD broke out of its consolidation zone on the news that Russia declared war on Ukraine and seems to be on track to test higher price levels $1975-1982 . As long as the price is above the green support zone, the bullish momentum is likely to continue for the rest of the month.
Also according to reports: various representatives of NATO members will hold an emergency meeting on the situation in Russia and Ukraine; the German Chancellor demanded that Russia must immediately stop its military actions.
I think it is a fact that Russia started the war. There may be some retracement correction after the price rises. The situation is still unclear, and we investors need to pay close attention to the statements of all parties and their actions to determine whether the situation will continue to escalate. If NATO or the United Nations cast a vote of no confidence in Russia because of security interests, it may lead to an uncontrolled deterioration of the situation.
Earlier analysis:
BCH bears drive price to $266.5 lower low after a downswingBitcoin Cash price analysis is bearish. Price has been reduced up to $266.5. Support for BCH/USD is present at $259.
The Bitcoin cash price analysis is firmly bearish for the day as the price has decreased to $266.5 in the last four hours. The bears have regained their momentum in a steady manner and crashed the market spectacularly. The recent bearish drive started back on 16th February, when bears halted the BCH price from going above the $343 level by causing a shift in the trends. The price action has been downwards for the entire last week, and a heavy sell-off has been observed today, which has brought the price down to the 13th December 2020 level, quite an unfavorable situation for the crypto pair.
BTCUSD AnalysisBitcoin has retreated again as the crisis intensifies and risk appetite declines.
Given the great uncertainty of risky assets, the market is still dominated by those who are reluctant to increase their holdings. This led to a lack of liquidity and a wave of selling.I see "decent resistance" at the $40,000-45,000 price level as the geopolitical crisis will prevent "significant gains" in risk assets.The gray area in the chart will be the price zone to which the price will potentially move.
Mexico Senator Proposes Bitcoin Legal Tender Bill—But It's UnlikIndira Kempis is pro-Bitcoin. Mexico's president is not.
Moreover, Kempis is a member of an opposition party, so her efforts are less likely to gain traction.
Indira Kempis, a senator from the state of Nuevo Leon in Mexico, wants to make her country the second in the world to adopt Bitcoin as legal tender, even though the odds are stacked against her.
LUNA/USDTTerra’s LUNA token broke and closed above the 20-day EMA ($54) on Feb. 22, which was the first indication that the sellers may be losing their grip. Sustained buying has pushed the price to the downtrend line of the descending channel.
The 20-day EMA has flattened out and the RSI has jumped into the positive territory, suggesting a minor advantage to buyers. A break and close above the 50-day SMA ($62) will indicate a possible trend change. The LUNA/USDT pair could then rally to $70 where it may again face resistance from the bears.
Contrary to this assumption, if the price turns down from the 50-day SMA, it will signal that bears are attempting to defend the overhead resistance. If the price rebounds off the 20-day EMA, it will indicate that bulls are buying the dips. That will increase the possibility of a break above the 50-day SMA. This positive view will be negated if bears pull the price below the 20-day EMA.
DOT/USDTPolkadot (DOT) has bounced off the support at $15.80, indicating that the bulls have not given up and they continue to buy at lower levels. The RSI is showing signs of forming a positive divergence, suggesting that the selling momentum could be weakening.
The DOT/USDT pair could now rise to the downtrend line, which is likely to act as a strong resistance. If the price turns down from this level, the bears will again attempt to pull the pair below $15.80 and resume the downtrend.
Conversely, if bulls drive the price above the downtrend line and the 50-day SMA ($21.14), the pair could rise to the overhead resistance at $23.19. A break and close above this level will complete a double bottom pattern.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.
ETH/USDTEther (ETH) bounced off the psychological support at $2,500 on Feb. 22. The bulls have pushed the price above the breakdown level of $2,652, indicating strong buying at lower levels.
The buyers will now try to propel the price above the moving averages. If they succeed, the ETH/USDT pair could rally to the resistance line of the symmetrical triangle pattern. The bulls will have to push the price above the triangle to signal the start of a new uptrend.
Alternatively, if the price turns down from the moving averages, the bears will try to pull the pair below the support line of the triangle. If they manage to do that, it will suggest that the symmetrical triangle has acted as a continuation pattern. The pair could then drop to $2,159 and later to $2,000.