SaeedSalehinia

SaeedSalehinia

Bitcoin is going down, the whole crypto market is going down, too. So, does this mean Bitcoin has entered a downtrend cycle? That is a million- or even billion -dollar question. Let's analyze Bitcoin's two previous downtrends. The first correction wave dropped about 21.7%, and the second one dropped about 32.8%. If this pattern continues, the current correction...

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Since the previous Bitcoin Impulse wave analysis got very long, here the subsequent analyses for Bitcoin Upward waves will be presented. Anyway, continuing from the last analysis; the correction started when Bitcoin touched the major channel's upper line and the horizontal resistance area (The chart of previous analysis is provided for reference in blow). There...

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Rune is another crypto project which has great features and possibly a bright future. After the corrective wave hit 0.382 Fibonacci retracement, it seems Rune is oscillating. It is too soon to conclude that the corrective wave is finished, it might go further down. However, there are two lines, one horizontal and another a downtrend, which can help us figure this...

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Sovryn is a noncustodial and permissionless smart contract-based system for Bitcoin lending, borrowing and margin trading. A DeFi platform for Bitcoiners, Sovryn allows users to trade Bitcoin natively and permissionless on a decentralized application. Anyway, SOV chart is simple: SOV has been in a deep correction since birth. Then SOV broke the downtrend line,...

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Sui, one of the most highly anticipated projects, is a Layer-1 blockchain and smart contract platform that is fast, private, secure, and accessible to everyone. Anyway, it is clear there is a downtrend line, and SUI is trying to break it upward. Let's see what happens.

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PENGU is the official coin of Pudgy Penguins. Pudgy Penguins is a blockchain-based collection of NFTs launched on the Ethereum blockchain. Anyway, it seems PENGU is moving in a flat triangle pattern. PENGU has broken the first downtrend line, have to wait to break the second on too. Let's see what happens.

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Moonriver is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. The new code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to Moonbeam on...

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Origin Protocol is one of Ethereum’s longest-standing DeFi projects, featuring a multichain feature set that unlocks vast opportunities for yield generation for Origin’s liquid staking across the various blockchains. Anyway, OGN chart seems promising. OGN broke the major downtrend line, made a double bottom, then broke the minor downtrend line too. Have to wait...

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Cartesi is an application-specific rollup execution layer with a Linux runtime. After CTSI made a double top, price entered a corrective phase, and the right leg of a harmonic pattern was made. Then price broke the downtrend line and it seems the next upward move has started. Let's see what happens.

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Liquity is a decentralized borrowing protocol built on Ethereum that utilizes LQTY, a USD-pegged stablecoin. Ether holders can draw loans in the form of LQTY with algorithmically adjusted redemption and loan issuance fees. Anyway, LQTY was in a downtrend from the start. Then, LQTY broke the major downtrend line and started to oscillate in a triangle-shaped...

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Vanar, previously known as Virtua, is an L1 blockchain designed for real-world adoption, based on our years of experience working with games, entertainment and brands. Vanar incorporates a series of products, including gaming, the metaverse, AI and brand solutions. Anyway, VANRY chart is straightforward. A strong upward wave was followed by a long and deep...

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Step App (FITFI) is a Web3-based fitness application that integrates elements of gamification, fitness, and blockchain technology. It allows users to earn cryptocurrency tokens through physical activity, such as walking, jogging, or running. The concept behind Step App falls under the “move-to-earn” model, where users are rewarded for staying active. Anyway,...

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Blast is the only Ethereum Layer 2 with native yield for ETH and stablecoins. Blast's yield comes from ETH staking and Real-World Asset (RWA) protocols, automatically passing the yield back to users. Blast is unique in providing builders with new building blocks: native yield and gas revenue sharing. Anyway, Blast is still young and was in a downtrend since...

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Like Floki, Baby Doge is another meme coin that seems to have started an uptrend wave. If we have an altseason, I think BabyDoge is the one to consider for meme coins as part of your portfolio.

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Litecoin been moving in a somewhat sideways channel, a big one, for a while. The middle line of this channel acted like a magnet and pulled the price toward the center each time it reached either side. As can be seen, a harmonic pattern ended and the price slowly went up to reach the first target which is the middle V section of this harmonic pattern. Now, we have...

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Big Time is a multiplayer action RPG for PC that melds a fast-combat system with an open game economy where players have an active role in generating and exchanging game items. Anyway, after the initial short upward wave, BIGTIME went into a correction phase, a long one. Just recently, BIGTIME broke the big inverted descending triangular correction pattern. This...

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It seems FTT is oscillating in a wide sideway channel. Price is currently at the bottom and have to wait to breaks the downtrend line in order to goes up. Let's see what happens. P.S. Be careful, Since the FTX Token crashed due to the fraud news.

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Clover Finance (CLV) is a blockchain operating system. It provides a one-stop, easy-to-use blockchain infrastructure and an Ethereum virtual machine (EVM) compatible framework for substrate-based applications. Anyway, CLV has been in the downtrend since birth. It seems CLV is trying to make a reversal by making higher highs and higher lows. For reversal...