ETHUSD Don't bet on either side to winEthereum capitalization spike
Ethereum dominance on the market has been continuously moving up as the year passes by gaining 11% market dominance since January. It totals 22% at press time. The main reasons for Ethereum's growth were an NFT rally in the middle of the year, implementation of the fee-burning mechanism and the overall rise of DeFi solutions.
With more use cases appearing on the Ethereum blockchain, more people are starting to use it, which means that they have to purchase some amount of Ethereum coins to utilize decentralized applications like NFT minting or DeFi platforms.
I think the ETHUSD price will consolidate in the $3800-5000 range in the short term, as you can see in the chart if we use $4328 as the entry price and calculate the profit pips on the upside and downside separately, we can see that the ratio is close to 1:1. Don't bet on either side to win until the price is out of the consolidation zone.
Predictions
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To the surprise of the bearish, ETHUSD price actually recovered.ETHUSD price started to fall sharply after breaking through $4,300. It traded as low as $3436 and recently started to correct upwards and regain its popularity. My chart shows that the price is in a short-term upward channel and the gray area is the potential room for the price to move. Of course, if you are bullish on ETHUSD, you should pray that the price does not fall below the green zone, as that would cause another price collapse.
Will BTCUSD fall after testing resistance levels (red zone)?If BTCUSD price fails to break the resistance level of $51,000-53,000, it may start a new downside. The first target on the downside is the trend line near $49000. a break of the short-term trend line on the downside may start a new decline, and the next stop for the bears may be $44000.
BTCUSD What will happen next?BTCUSD price reacted somewhat positively after hitting $42,000 and has now bounced back to $49,000, slightly below $50,000. my judgment is that short-term resistance levels are in the $500,000-540,000 range and that the price will fall to test $44,000-46,000.
NVDA Bullish entry? Wait…The Federal Trade Commission's lawsuit to block Nvidia's proposed acquisition of Arm Ltd. has signaled the end of this expected deal. With the disappearance of favorable expectations, overlaid with a sharp pullback in the overall stock market, investor sentiment turns pessimistic, and price action could be extreme when sentiment escalates to panic. In the long run, the meta-universe concept and its company's earnings growth will attract buyers to enter the market at low price levels.
The summary of my analysis is that short-term price volatility has widened and the probability of a pullback is high, but the long-term remains bullish.
BTCUSD trend is unpredictableClick like or follow this idea. I will actively update my ideas and charts.
However, the cryptocurrencies with larger valuations, BTC and ETH, have mostly been moving sideways since the time of the recent decline. It is unclear which direction the mainstream cryptocurrencies may break out of this consolidation, so patience is still needed.
Do you think the XAUUSD price will close above or below $1800 atGold broke down as the Fed looks set to tackle high inflation
Gold prices fell in the aftermath of Federal Reserve Chairman Jerome Powell testimony before the Senate Banking Committee. In his remarks, he dropped the reference to ‘transitory’ inflationary.
Mr Powell said that the economy is strong and inflationary pressures are high. He looked at the next Fed meeting for a discussion to wrap up the asset purchasing program a few months earlier than previously anticipated.
TSLASo this chart has been sitting around for some time as well in my arsenal... i should set alerts to remind myself of the things i try to predict ahead of time... so i told a few ppl tsla was going to 1k then down further... so out of all of this i think we should get a head & shoulders in my opinion but i guess only time will tell.
BAT BTC Sun Rays Megastructure same as ETH at $220 in 2020 (22x)Background FA: BAT announced Fundamental Partnership with Solana and launched own DEX in Brave Browser (100m monthly users), making it a direct contender for Uniswap, $UNI (which has 3 million users and market cap 10x bigger than $BAT).
Background TA: BATBTC Pair broke out of Long-Term Downtrend with highest ever volumes, sending the BATUSD pair into ATH and Price Discovery .
Sun Rays Megastructure for BAT BTC is extremely similar to a similar megastructure that appeared with ETH USD pair in June 2020, when ETH was 220 USD. ETH went on to make a 22x run upwards after that.
Two interesting TP levels to watch marked.
Goldsworth. Org Technical Analysis ideas brought you $DOGE at 14 Sats , $LUNA at 10 cents, $SOL at 3 dollars.
Review BitcoinLocal triple bottom structure is promising, with no more fud this week I believe we've just witnessed a local bottom 👀
I hold BTC and tend to believe that you also hold it, if I am wrong - it's time to buy.If $58k support is lost, bulls are no more in control and we'll see some distribution or accumulation in $54k - $58k flat zone. If $54k level is broken, bears are in control and I'll sell my crypto. Note that it doesn't mean I have a stop loss just below this level! A fakeout is always possible and it would be absolutely stupid to place a stop loss a bit below support!
I hope this dump didn't affect you too much, don't fall for emotions!
Is Tether really stablecoin?Business media has raised its concerns regarding the stability of Tether USD. Personally, for me, it has been challenging to make an opinion is a Tether really going to continue its stability. What do you think, will Tether keep its status as the number one stable coin in the crypto market?
Bloomberg article: www.bloomberg.com