MATICPolygon (with ticker MATIC) is a complete multi-chained system, a framework as well as a protocol. It connects Ethereum-compatible blockchain networks and is built to solve the scalability issues on the current Ethereum network. It is a layer 2 solution, i.e it works on top of Ethereum's primary blockchain..This is matic technical analytics.
Search in ideas for "Ethereum"
MATIC(POLYGON) TOKEN ANALYSISPolygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.
mazor take away-->
1) took 3supports
2) 3 resistances
3) double bottom
4) buy only when the break out candle
This is purely for educational purpose.
Happy Learning.
DO COMMENT IF YOU FIND VALUE IN IT. CHEERS
CRYPTO RESEARCH - ALPHAUSDTFundamentals:
Alpha Finance Lab is a cross-chain DeFi platform that looks to bring alpha to users across a variety of different blockchains, including Binance Smart Chain (BSC) and Ethereum.
Chart Analysis:
Rising Wedge
Charts posted are for research, don't take blind trades in crypto.
These coins should be bought in the dip!If you're looking for the coins to invest in during the current dip, you've come to the right place.
Bitcoin is falling and all the altcoins are taking a dip for it too. All the altcoins are down by 10% or more.
I have shortlisted few coins in which you should invest and hodl till the end of the year.
The first one is $LUNA. LUNA has grown 2000% by the beginning of the year. It is a staking token which fuels the Terra network. The market cap is around $6 Billion. Total Twitter followers are around 209k.
The second coin is $DOT. Polkadot is a blockchain protocol that enables different blockchains to run independently within one network, protected by a shared security system. Founded by Gavin Wood, co-founder and former CTO of Ethereum. The network is fully decentralized by the end of June 2020. Current market cap is around $41 Billion. Twitter followers are around 888k.
The third coin is $KSM. Kusama is an experimental version of its more well-known “cousin” Polkadot created to test and perfect the scalability and interoperability functionalities before deploying them on the Polkadot network. Kusama, with its low barriers to entry, caters to early stage projects with innovative and experimental ideas. The market cap is around $3 Billion.
These are the 3 coins you should look into
DOGECOIN vs SHIBA INU | Which one to buy?If you personally ask me which one of them to buy, I would say 'none'. They both are very risky, and are memecoins to be very particular. But still, if you want me to do the analysis on both, then continue reading this article.
Dogecoin’s market capitalization is $35.04B currently, whereas Shiba Inu’s market capitalization is $34.77B as of now. Shib crossed Doge a few hours ago and went till $42B to become the 9th largest cryptocurrency in the world.
Dogecoin was made for fun due to the circulation of a meme on the internet in 2013. But, Elon Musk has eyes on it, so it might make its fundamentals good. Whereas, Shib is a Decentralized Finance Network, they have a ShibaSwap too, for exchange of the currency. They take their tech from Ethereum Network. Shiba also claims to help the poor dogs with the money, but no proofs have been shown till now. They also donate to the society through the Amazon Smile initiative.
The man behind Dogecoins’s survival is Elon Musk and his team. He claims that Tesla employees uses Dogecoins for transactions too. Whereas Shib used Ethereum’s founder in its initial days. They sent 50% of Shib’s produce to Vitalik (Ethereum’s founder), out of which 90% was burnt by him by sending into unknown wallets without keys, and the remaining 10% (around $1B) was donated to India’s Covid Relief Fund. The current whale behind Shib’s pump is assumed to be Shib’s founder, Ryoshi.
The Twitter followers of Dogecoin’s official page are 2.3M, whereas Shib’s Twitter page has 1.7M followers.
Level of risk is equal in both, which is very high. But, I think that Elon Musk might help Doge’s team in making it a better coin, whereas Shib is very speculative.
So, out of these two, I would choose $DOGE as there is some trust because of Elon Musk, whereas Shiba Inu has so much pump left to be done. If you’re someone who likes to take big risks in return of big profits, you might go for $SHIB.
DO CHECK OUT THE NEXT PUMP ON SHIB THROUGH THE LINK AT THE END OF THIS IDEA!
Audio look bullish ! Take safe profit Audio look bullish just keep a watch on bitcoin if bitcoin dump audio can also come down and will follow ethereum.
A clear breakout at the Level of Control for ETHUSDThere is a clear point of control with ETHUSD in my analysis and I know that this is a crucial level for all the coming days ahead. Mostly this level has been tested as support many times so breaking it would result in a downfall to the 1000's range for Ethereum. But, it's mostly. There is always a 30% risk factor in this analysis. So make sure that the SL is at 25% of the price action.
If as predicted the price moves higher we can expect to make a good return in this.
Thanks for the support TV.
Eth volatilityThe Ethereum (ETH) price in USD kept growing in value over the course of April 2021, at one point reaching over 2,500 U.S. dollars. Much like Bitcoin (BTC), the price of ETH went up in 2021 but for different reasons altogether: Ethereum, for instance, hit the news when a digital art piece was sold as the world’s most expensive NFT for over 38,000 ETH – or 69.3 million U.S. dollars. Unlike Bitcoin – of which the price growth was fueled by the IPO of the U.S.’ biggest crypto trader Coinbase – the rally on Ethereum came from technological developments that caused much excitement among traders. First, the so-called “Berlin update” rolled out on the Ethereum network in April 2021, an update meant to pave the way for reduced ETH gas prices – or reduced transaction fees. Second, the arrival of Uniswap V3 in May 2021 – a smart contract protocol - is expected to further optimize Ethereum trading.
ETH-USDOnly 2 days are left for Ethereum's Hard Fork, this upgrade will be very critical for the Ethereum based dApps. Ethereum London Hard Fork popularly known as EIP-1559 Upgrade is scheduled to go live on August 6th. The upgrade is expected to reduce the gas fees being charged on transactions by implementing a base fee pricing mechanism that would dynamically change with respect to the congestion in the blocks of the Ethereum blockchain.
On the Daily TF, ETH was trading in a Bullish Descending Triangle pattern and on 29th July, it gave a strong breakout from its resistance after forming a Double bottom kind of formation. Currently, it is sustaining above all its major and minor DEMA's. Also, the short term trend is turning bullish as its 50 and 100-DEMA is giving a bullish crossover.
Daily RSI is not indicating overbought conditions yet which suggest that the current rally can continue in the coming days also. On-Chain data is also showing a positive structure, as per the Santiment(On-chain data insights provider), unique active addresses on the Ethereum network has surpassed BTC address activity.
Key levels to watch out for:
The nearest support is present at $2400 followed by $2250 as its 50 and 100-DEMA is also present at this level. If it closes below this level, selling pressure is most likely to continue till the level of $2K
The immediate resistance is present at $2650, if it decisively breaks this level, the next major resistance is $2850 followed by $3100.
Huge opportunity on Ethereum.Reasons why I'm bullish:
- All of the daily Moving Averages are pointing up, meaning that the prince is tending to go up.
- ETH went up for 13 consecutive days, we need a pullback to keep going up.
- The daily RSI showed that ETH was overbought for the first time after 13 days (Good sign for a pullback).
- We have a nice and clean Double Bottom on the daily chart .
- The (0.382) Fibonacci Retracement is extremely close to our zone of action in our double bottom and the (0.5) Fibonacci is right on a previous support area .
MY BUY ZONE is between:
$2198 - $2400
MY TARGETS are:
1- $2900 (~29%)
2- $3160 (~40%)
3- $3440 (~53%)
MY Stop Loss is:
$1800 (-20%)
Always do your own research before getting in a trade, you always need to know the WHY and WHEN to entry and exit all your trades.
Disclaimer:
This is not financial advise, this post is for educational purposes only.
Thinking ETH is going LONGHey traders, I'm bullish on Ethereum. My prediction is heading to 3k. According to this chart pattern, once we finalize the correction back to 3k, we will probably then see the drop back below 1k. Thinking the 700 area looks supportive. What are your thoughts?
Not trading advice. Please dyor.
ETHERAM IS READY TO TOUCH 2500$Great buy opportunity in Ethereum,in 30Minuts time Frame Ethereum is below 50/200/800 EMA as you can see ,but Ethereum has already completed Level -3 drops as show by green line and made Low near 2016$..Guy you can see in graph big W formation in progress shown by black line. From Here you can expect Ethereum 2500$. So you can long it ,any breaks down of 2000$ price ,Ethereum price pull down below 1800$
ICO MERCHANT TOKEN (BEST ICO 2021)HIPS Merchant Protocol ( HMP ), Hips Merchant Protocol Gateway (HMP-gateway) and Merchant Token ( MTO ) is a solution that introduces consumer protection concepts from the traditional card payment industry to any blockchain with support for smart contracts such as Ethereum , Cardano (ADA) or Solana.
"We believe that the consumer-oriented features of the MTO are the missing piece for crypto payments to have market penetration and mass adoption among mainstream consumers," says John Cavebring, CEO of Hips.
Merchant Token ( MTO ) is the native protocol token of the Hips Merchant Protocol ( HMP ), currently issued on Ethereum following the ERC-20 standard. HMP will hold the ERC20 tokens on the Ethereum blockchain as a start, but the protocol will work similarly on other supported blockchains like Cardano, among others.
“HIPS Merchant Blockchain is the native blockchain for HMP and Merchant Coin (MEO), which is the native block currency in Hips Merchant Blockchain, and is optimized for real-time business transactions created for Payment Service Providers (PSP) and EFTPOS devices, ”added Cavebring.
A widely adopted and fully on-chain Merchant Payment Protocol would need to have comparable transaction performance, such as US exchanges, such as the NYSE, of an underlying blockchain in order to scale.
“The near real-time transaction speeds of the HIPS Merchant Blockchain are a huge improvement to the current blockchain response. Hips Merchant Protocol is not only designed for Ethereum , but also on Solana, an incredibly fast public blockchain that can support more than 50,000 transactions per second, has lock times of 400 milliseconds, and a transaction cost of approximately $ 0.00001 ”, Cavebring points out.
With near-real-time transaction speeds, plus the Hips Merchant Blockchain is designed for business transactions regardless of whether they are mobile, in-store, or e-commerce, and utilizes the payment card industry exchange concept, HIPS provides a solution for crypto payments to be obtained worldwide. global consumer adoption.
Top 10 Altcoins To Invest In 2021The term Altcoin stands for “alternative to Bitcoin'' or “alternative coins”, basically these are digital currencies similar to Bitcoin. Altcoins are profitable and have their own goal but these are not as costly as Bitcoin.
Due to the lower value and higher ROI, altcoins have become the favourite of investors. One thing that needs to be mentioned here is that not all altcoins are successful and have the same future scope. Thus before choosing a cryptocurrency to invest in, make sure to check all the details, reports and what people say about it.
If you are looking for a cryptocurrency to invest in, you are at the right place because we are here enlisting some of the most unique and profitable altcoins which hold a wide range of opportunities but not as costly as Bitcoin.
Ether (ETH)
Ether is a cryptocurrency built on top of the open-source Ethereum blockchain, which is known for running smart contracts. Ether is the second-biggest cryptocurrency in terms of market share. Currently, 1ETH is priced at 1,781. 22 United States Dollar and it is steadily growing.
With a market capitalization of $230.7 billion, ETH had hit a new record in Feb 2021. Cryptocurrency acts as a fuel that allows smart contracts to run, as opposed to bitcoins, which means a unit of currency on a peer-to-peer payment network.
Binance Coin (BNB)
It is the third biggest cryptocurrency on the basis of market share. BNB Coin is used to trade and pay fees on the Binance crypto exchange. Binance crypto exchange is the largest cryptocurrency world in the world.
The popularity of Binance is growing among developers, as of January 2018, it is facilitating more than 1.4 million transactions per second.
The overall Binance ecosystem makes it much easier to make transactions on their network. The current price of 1 BNB coin is 248.524621 US Dollar (USD) and it will be beneficial for the investors and BNB Coin Holders.
Cardano (ADA)
With a market cap of $46 billion, Cardano is in the third position after Bitcoin and Ethereum, it is one of the most improved altcoins and it is currently priced at $1.45.
Trading Beasts already predicted that the ADA price will reach $1.80 in the fourth quarter of 2011. One of the key factors behind Cardano's growth is the release of Hydra, a layer two scalability solution that promises to give the Cardano network the power to process more than 1 million transactions every second.
Ripple (XRP)
Ripple is not a cryptocurrency but a payment solution, It is not made of a blockchain, but a hash tree and its coins cannot be mined as there is a finite number of coins i.e. 100 billion. Its Coin XRP is mostly used by big companies to make huge transactions.
There are hundreds of financial institutions that choose Ripple to provide a better international payments experience to their customers in real-time. The current price of 1XPR is $0.454459 and it has a market cap of $45.44B.
PowerCoin (PKOIN)
Currently priced at 0.00405976ETH, Power Coin is probably the newest altcoin in the market but as an asset-backed hybrid stable coin it is trust-worthy and not only protects investors against volatility in the crypto marketplace but it also helps in mining and generating passive income.
It is backed by Power Corp and the company is developing a mining pool, Innovation Center, High-Performance Computing Data Center while acquiring assets such as renewable energy systems, financial instruments, real estate, intellectual property, digital and fiat currencies to back its hybrid stable coin PKoin.
PKoin is already listed on a few reputed crypto exchanges and soon the list will be longer. It is affordable and has a great scope. Thus don’t miss the opportunity and invest in it now.
LiteCoin (LTC)
Lite coin is really the lite and speedy version of Bitcoin. It was created by Charlie Lee and it holds many of the best features of Bitcoin and adds some of its own twists. LTC takes just 3 minutes to confirm a transaction for the same bitcoin takes around 10minutes.
Lower system requirement is also one factor that helps it to gain people interest as ordinary PCs are capable of mining it. LTC is powerful, easier, faster and currently, it is priced at 194.85 United States Dollar.
Tether (USDT)
With a market cap of $39 billion, Tether is in the 5th position of top cryptocurrencies. USDT is currently priced at $1 and It is a blockchain-based cryptocurrency, in which crypto coins are backed by the equivalent of traditional Fiat currencies including the dollar, euro or Japanese yen, which are held in a designated bank account. It is being traded under the USDT symbol.
Bitcoin Cash (BCH)
A major update regarding its processing speed is expected this year. Bitcoin Cash is one of the best alternatives of Bitcoin. It becomes popular because of its better transaction speed. It has larger blocks compared to Bitcoin which makes it able to handle more transactions at once, which means faster transactions.
It is the world's 11th biggest cryptocurrency by market cap at above $10 Billion. 1BCH is currently priced at 535.91 United States Dollar it is one of the most profitable cryptocurrency with lots of cool features.
Tron (TRX)
Founded in 2017 and based on Ethereum, Tron is here to decentralise the web by providing more power to content creators and publishers by monetising the way their content is shared and used.
Since its launch on Ethereum, it has moved to a self-governing blockchain platform and uses a proof of stake algorithm to process all the transactions. It is one of the best altcoins with a market cap of $3.8 billion and a price of around $0.05.
Chain Link (Link)
The Project is a decentralized network consisting of nodes that provide data to blockchain smart contracts through oracles from off-blockchain sources.
The process begins on a smart-contract-enabled blockchain whenever a smart contract needs data. With a market cap of $12 Billion, it is ranked at 10th position and it is priced at $30.14 currently
The above ten altcoins are unique, trustable and have great benefits. Other than these 10, there are thousands of altcoins available in the market but if you are looking for a beneficial and affordable cryptocurrency having good future scope then PowerCoin (PKoin) will be a great choice, as it has a lower price but its plan and assets-backed nature will help it to grow quickly.
Thus choose an altcoin from the above list and invest in it wisely. That’s it for today and have a great day.
ETH / USD Price Analysis: Losing ChargeETH / USD Short-term price analysis
Ethereum has a bearish short-term trading bias, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows that a bearish head and shoulders pattern has taken shape, with the ETH / USD pair now testing towards the neckline of the pattern.
Technical indicators are bearish on the four-hour time frame and continue to generate sell signals.
Pattern Watch
Traders should note that the downside target of the bearish head and shoulders pattern on the four-hour time frame extends towards the $125.00 level.
Relative Strength Index
The RSI indicator on the four-hour time frame has turned bearish, although it is attempting to correct from oversold territory.
MACD Indicator
The MACD indicator on the four-hour time frame has turned bearish and continues to issue a sell signal.
ETH / USD Medium-term price analysis
Ethereum retains a bullish medium-term trading bias, with the ETH / USD pair still trading above its trend defining 200-day moving average.
The daily time frame is still showing a valid inverted head and shoulders pattern, although the ETH / USD pair has now fallen below the neckline of the bullish pattern.
Technical indicators on the daily time frame have turned bearish and have scope to correct even lower.
ETH / USD Daily Chart by TradingView
Pattern Watch
Traders should note that the inverted head and shoulders pattern on the daily time frame has yet to reach its overall upside target of $230.00.
Relative Strength Indicator
The RSI Indicator on the daily time frame has turned bearish and shows scope for further downside.
MACD Indicator
The MACD indicator on the daily time frame is bearish, with both the MACD histogram and the MACD signal line issuing sell signals.
Conclusion
Ethereum is staging a strong short-term technical correction with the bearish head and shoulders pattern on the four-hour time frame suggesting that the ETH / USD could trade even lower.
Ethereum still has the potential to trade higher over the medium-term if the inverted head and shoulders pattern on the daily time frame remains valid.
Ripple Long-Term ViewRipple(XRP/USD)
Ripple
Overview
Ripple(XRP/USD) has suffered about 91+% correction(drop) since all time high-level price($3.3+) reached in January’18.It has seen significant upward movement in the month of September’18(110+%) and is now retesting a major support level.
Let us continue to analyze price action for Ripple(XRP/USD) over the long term and proceed to highlight any potential areas of support and resistance moving forward.
Long-Term Analysis (Monthly Timeframe)
Scenario 1: Bullish (Uptrend)
The bullish argument one can see on the XRP/USD chart is that it has been respecting the long-term trend-line(since July'17) pretty well. The trend-line was tested in September'18 which lead to a movement of 110+% upside. It is retesting again now and we might see an upside movement to the Resistance Zone 1 ranging from $0.63--$0.71 if the Support Zone from $0.16--$0.29 holds well.
Support Zone is quite a strong area of bounce as its the previous year resistance now turned support.
If Ripple held the trend-line then it might follow path "1" as specified in the chart.
If it manages to close above "Resistance(Sell) Zone 1" then it will retest "Resistance(Sell) Zone 2" ranging from -$0.84--$0.98 within few months which might show some sign of bullish confirmation.
Stochastic RSI is also in the oversold region with an upward trend.
Scenario 2: Bearish (Downtrend)
If the monthly candle(December) closes below $0.28 and the trend-line doesn't hold up then we might follow the path "2".
If the trend-line is broken with strong sell volume then the trend-line will act as a strong resistance area to break in the future.
Generally, if the trend-line is retested multiple times then it becomes weaker.
Note: Monthly time frame charts illustrates the movement of price over a long-term horizon and are most often used by long-term investors.
Short-Term Analysis (Daily and Weekly)
Scenario 1: Bullish (Uptrend)
The weekly chart of (XRP/USD) shows that the long downtrend line(red dotted) has been broken with significant buy volume showing bullish signs.
It tested the support zone and jumped 110+% in September'18 proving this zone to be strong support.
If this support zone held in the coming weeks/month then we might retest the Resistance Zone 1 ranging from $0.58--$0.70.
We get the confirmations of the next bull cycle only if the Resistance zone 2 ranging from $0.88-$1 is broken with significant buy volume.
Scenario 2: Bearish (Downtrend)
If the support zone is broken with significant sell volume then we might test area of $0.07-0.14$ price levels and support zone will act as a strong resistance area to be broken in the near future.
News and event analysis:
One of the major catalyst which happened in the past that, 42nd President of the United States Bill Clinton was a keynote speaker in the Swell conference held in the October'18.
Many banks are experimenting with its Ripple network(xRapid) for money transfer across borders.
There is still decision to be made by SEC(USA) authorities whether or not Ripple is security.
Conclusion:
Ripple remains in 2nd position, in terms of overall market cap rankings along with Bitcoin and Ethereum.
The 65-month-old coin is now experiencing its first bear market and has already corrected enough(91% down) to commence its new bull cycle in coming weeks/months.
People likely showed interest in Ripple as it offers a cheap alternative in terms of asset price when compared to bitcoin and other crypto assets with good fundamentals.
The only concern lies with Ripple is of categorizing it to be a Security which might lead to retail traders not able to participate in trading.
ETH/BTC - Insight Secret PatternInsight pattern I reveals is ABCD pattern for ETH
WE wait for correction to Fibonacci and prepare for next middle bull of Ethereum.
The target is zone of D.
Thank for reading and leave a LIKE for more TA and encourage me !
ETC forming a possible bearish butterfly pattern.ETC EMERALD project is on its way and is a good sign to buy now.
What Problems do the Emerald Project Solve?
The first and most obvious problem solved by the Emerald Project is that there is currently no wallet for the Ethereum Classic community that verifies transactions for users in a trustless way.
Other problems that the Emerald Project aims to solve is that there’s currently no common framework for developers to build dApps on Ethereum Classic, a lack of User Interface (UI) components, and no standard practices for 3rd party developers.
As a result every Dapp developer has to reinvent the entire architecture and components for new dApps, reimplement methods to integrate with hardware wallets, and build individual support for Ethereum smart contract features and tokens. It’s very time consuming, expensive and it’s hard to integrate Ethereum into existing apps on the server/client side, because the RPC API provided by Geth/Parity is just too low level for most use cases.
For more info.
www.etcdevteam.com
BTC#18: BTC plunges, destination and trading opportunities at th🔥 So BTC has corrected. However, how much it has decreased, we will analyze it right away: 🔥
1️⃣ **Fundamental analysis:**
📊 Widespread Pessimism, Cryptocurrency Market Plunges Sharply
————
⚫Bitcoin and altcoins plunge: Bitcoin drops nearly 5% to $90,000, Ethereum loses more than 10% in two days, Solana drops 15%, Dogecoin drops 13%.
⚫The market is still affected by the $1.4 billion hack last week. Bybit announces compensation but Ethereum is still under pressure.
⚫Weak market sentiment: Many meme coins collapse, limited capital flows cause altcoins to lose value sharply. Solana under selling pressure as it prepares to unlock $1.72 billion in tokens on March 1.
⚫Crypto-related stocks also plunge: Coinbase down for six consecutive sessions, MicroStrategy down 5.7%, BTC mining stocks fall sharply.
🚀 MicroStrategy continues to buy BTC: The company bought another 20,356 BTC worth $1.99 billion, bringing its total BTC holdings to 499,096 VND (~$33.1 billion).
🛫Forecast: The downtrend may continue if market sentiment does not improve and cash flow does not return to altcoins.
2️⃣ **Technical analysis:**
🔹 **Frame D**: the bullish structure has been broken and turned bearish. Pessimistic sentiment covers the entire market so it will be difficult to see an immediate recovery
🔹 **H4 frame**: the bearish price structure is more clearly shown. The nearest resistance zone is 93x
🔹 **H1 frame**: the price line is still quite far from the horizontal or diagonal resistance zone, the current price has recovered a bit but the market sentiment is still hesitant about the Fibo 23.6 area as you can see on the chart
3️⃣ **Trading plan:*
⛔The current time is not suitable to catch the bottom of BTC, not only the market sentiment is pessimistic but the basic information has not seen any positive news for BTC. We will need to patiently wait for confirmation from the price line
✅ Priority at the moment. Currently is looking for a SELL position following the main trend. The sharp price drop will have a recovery adjustment but pay attention to stick to the price structure and do not be greedy.
💪 **Good luck trading!**
ETH on the verge of breakout?ETHEREUM key levels to look out for:
Interim support - $3300 - $3330
Immediate resistance - $3500
1st Target - $4087
2nd Target - $4870 (All Time High)
ETH - The boss of all ALTCOINS.
We depend massively on ETH for a crazy bull run and the biggest ever ALTCOIN Season!
With Mr. Donald Trump closing in on swearing an oath (in January) to become the next Prez. of The USA, and his vision to make USA, the world's largest cryptocurrency hub, we are in for a treat.
ETH is currently forming a bull pennant , promising a break-to-the-upside. Break and re-test above $3500 would push the bull cycle in motion, and all other altcoins will follow ETH's lead.
Ethereum ETFs have been seeing a good inflow of cash from the biggest institutions like - Blackrock . Now that the whole world has started to accept cryptocurrencies as the next best thing, it is about time the investors are heavily rewarded.
I personally have leveraged my positions at 3-5x and have been accumulating ETH at every dip, expecting to make some decent profits with my on-going positions.
Keep HODL-ing guys, you're about to witness the greatest bull-run that the world has ever seen!
Follow for more such content.
Wanna catch moves like these, but don't have enough time to analyze the markets?
Swinger 2.0 + MKL Levels AI Indicators - tradesindicate.in
$ETH bottom out ready for ATH now🚀 Ethereum ( CRYPTOCAP:ETH ): Bottom In? ATH Loading! 🚀
Ethereum looks primed for a major move, showing signs of bottoming out and gathering momentum. This could be the launchpad for a run toward a new all-time high!
🔑 Why ETH is Heating Up:
• Strong support holding firm = Confidence for buyers
• Market momentum shifting upward
• Historically, ETH has exploded after similar accumulation phases
If this is the bottom, the next wave could be massive. The question is: Are you ready to ride it? 🌕
Bitcoin (BTC): technical and fundamental analysis. Altseason.📈 Technical analysis BTC/USDT
The Bitcoin price is trading within a narrowing price range, formed after an unsuccessful test of the major resistance block at $100,000, followed by a correction to the 0.23 Fibonacci retracement level and subsequent consolidation. This has resulted in the formation of a pattern known as a narrowing wedge, the breakout of which could indicate the next direction for BTC price movement.
If buyers, supported by fundamental factors, manage to break through the psychological resistance level of $100,000, we can expect a strong upward momentum toward the next resistance zones at $110,000–$120,000 and a test of the global trendline resistance.
Conversely, if sellers push the price below the $90,000 support block and establish themselves beneath the EMA 200 line, we anticipate a corrective move toward the 0.5–0.61 Fibonacci retracement levels. These levels coincide with Imbalance zones, where consolidations are needed to close gaps in horizontal volume levels.
📉 Bitcoin market global analysis. When does the altseason start?
Bitcoin's dominance has begun a rapid decline, and we are currently witnessing an attempt to break out of a parallel price channel. If it manages to consolidate below the lower boundary of the channel, we can expect further declines in dominance, which would indicate the start of significant capital flows from Bitcoin to altcoins.
What are Bitcoin's long-term growth targets?
Above the current all-time high (ATH), there are no resistance levels based on historical data. Therefore, to determine growth targets, we will rely on trendlines, Fibonacci extension levels, analysis of large order block clusters in exchange order books, and, of course, indicators:
Fibonacci Extension Levels: The nearest growth targets for Bitcoin are the 1.61 and 1.78 Fibonacci extension levels, which lie in the range of $104,000–$112,000.
Global Trendline: The next target could be the global trendline drawn based on the peaks of the previous growth cycle. A test of this trendline might occur around the $120,000 level.
RSI Analysis: The RSI indicator is currently about 18% away from its resistance trendline. Translating this to Bitcoin’s price chart, this corresponds to a range of approximately $114,000–$120,000. This is where a test of the resistance line may occur, as observed in all previous Bitcoin market cycles.
💠 Analysis of liquidity zones and levels
The Fear and Greed Index remains in the Greed Zone at 76.
The total cryptocurrency market capitalization has grown to $3.37 billion, while the Bitcoin Dominance Index has fallen to 56.18.
According to the analysis of the accumulation of large order blocks in the order books, the largest blocks are at levels 100,000 and 120,000, and the supply and demand zones are located at the following levels:
🟢 Demand zone: 80,000 - 90,000
🔴 Supply zone: 100,000 - 150,000
Levels for long positions:
90,000 - psychological support level
88,000 - large support block
60,000 - large support block
Levels for short positions:
100,000 - largest resistance block
110,000 - large resistance block
120,000 - 100,000 - ascending trend line of resistance
📊 Fundamental analysis
In November, Bitcoin ETFs recorded an inflow of $6.1 billion—the highest monthly figure since the instrument's launch in January. This indicates growing investor confidence in the asset while favoring the security of regulated ETFs over direct BTC purchases. Record inflows into Bitcoin ETFs could support a BTC rally above $100,000.
Ethereum and Altcoin Investment Trends
Investment inflows into Ethereum (ETH)-focused products reached $634 million, pushing the total for this year to over $2.2 billion, surpassing the previous record of $2 billion set in 2021. Similarly, Ripple (XRP)-based crypto funds received record-breaking investments of $95 million. This surge may be linked to preparations for ETFs on other cryptocurrencies, potentially accelerating the onset of an altseason.
Regulatory and Macroeconomic Developments
SEC Leadership Announcement: Tomorrow, information may emerge regarding the new chair of the U.S. Securities and Exchange Commission (SEC), a key financial regulator overseeing the crypto market. Under current chair Gary Gensler, the SEC has intensified crypto market regulation. The appointment of a crypto-friendly commissioner could boost market sentiment and further support the start of an altseason.
U.S. Labor Market Data: Labor market reports are set to be released this week, serving as a critical indicator for the Federal Reserve's monetary policy. A continuation of rate cuts by the Fed would likely bolster overall growth in the cryptocurrency market.
🌐 Upcoming Events in the Global Economy
We expect increased volatility in both stock and cryptocurrency markets on the following dates:
➤ 12/04, 21:45 - Speech by Fed Chairman Jerome Powell.
➤ 12/06, 21:45 - US Unemployment Rate for November.
➤ 12/18, 21:00 - New Fed Interest Rate Decision.
➤ 12/18, 21:00 - US GDP (q/q) (Q3)
➤ 01/29/2025, 21:00 - New Fed Interest Rate Decision.
📈 Statistics of signals from our AI trading indicator:
In November, the price of Bitcoin was in an upward trend. Our trading indicator, as always, warned about this in advance! And even during the flat period it gave good entry points. Thanks to the latest updates, all signals have become profitable, and built-in Anti-Flat System prevented losses from manipulative market movements. 😎
Total price movement by all signals: + 54.92%
Maximum price movement: + 42.10%
Average price movement: + 13.73%
In addition, I would like to share the forecast of the latest Bitcoin price action by our AI, which not only indicates the direction, but also builds the trajectory of further price movement:
