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Crypocurrency

MKR: Pullback in UptrendMaker (MKR) technical analysis: Trade setup : A rare asset that has remained in an Uptrend throughout the recent market downturn, which indicates consistent demand from buyers. Price broke above $1,350 resistance, where it got rejected in August, which signals continuation of Uptrend. Now it’s pulled back to that $1,350 level, which could be an attractive swing entry in Uptrend. Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $1,350 (previous resistance), then $1,000 – $1,100. The nearest Resistance Zone is $1,600.
Long
by altFINS
Bitcoin Start Of New Multi-Year Bear Market? I Don't Think So...There have been many people calling for a sub $20,000 Bitcoin and the start of a new multi-year bear market? I do not believe that will be the likely scenario considering we have already crashed and the major selloffs have already happened. I highlighted the 3 most major sell of volume sticks since 2017. It has been clear this period has been turning out to be a consolidation phase in the market as we continue to move sideways waiting for a strong move to the downside or upside. Consider this: * Buy and sell volume has been getting very low. * We now have over 200 days of support trading above $30,000 * We only have 28 days of support between $18k - $20k. * $30,000 is a way stronger and more important support level than $20,000. * Tesla has not dumped their Bitcoin Holdings. * Intuitions are still more interested in Bitcoin than ever before despite the volatility and crash. * Bitcoin hash rate has slowly been recovering. * This is the longest period of extreme fear registered from The Fear & Greed Index ( We are still continuing to be extremely fearful). * Bitcoin mining is continuing to become more renewable and miners have been re-locating mining outside of China at a rapid rate. * On Chain Metrics indicate large whale addresses have been accumulating between $28k - $30k. * This most recent crash has been the biggest in crypto history considering the amount of money that has left the space (1 Trillion in under a month). * Countries adopting Bitcoin as legal tender will continue to grow. * Bitcoin is becoming more desensitized to Elon Musk and China FUD. * Crypto luxury transactions accelerate at Sotheby's. * Sotheby's recently sold a rare 101.38-carat diamond for $12.3 million in cryptocurrency. I say all of this because market sentiment is what drives price. This market has matured greatly since the last bear market. We will come out of this state of extreme fear, uncertainty, and doubt in the months to come. We are now back at them bottom of $30k. Can we go lower? Yes but how low? We're still in a downtrend and the charts are pointing down. Expect another drop to $28k as long as we're still in this phase. I don't believe we are starting a multi year bear market "just yet". The fundamentals going forward are more way more bullish than bearish throughout the rest of this year. If you're at a loss I'd just say continue to HODL through this and be patient. Think about the bigger picture and believe in your investment. This is the future of economics and finance. The bears want you to sell at these lower prices and want you to believe Bitcoin is back on its death bed. Most of my portfolio is staked throughout this period. Much peace, love, health, and wealth everybody.
COINBASE:BTCUSDLong
by peacefuljustin
Orchid (OXTBTC) Can Go Straight Up Above EMA100 w/ TargetsRight now OXTBTC, Orchid, is trading above EMA100 on the daily timeframe. EMA100 is the blue line on the chart. This is a strong resistance level that is now being challenged. If OXTBTC closes above 0.00001247 (EMA100) today, we can expect higher prices as marked by the green arrows. EMA50/10 (light blue area on the chart) works as support. This is a strongly bullish chart setup. The targets are marked on the chart. Namaste.
Long
by AlanSantana
9
Ethereum / USD. A Bear!! Is It Possible?We have a bearish possibility for Ethereum. after (b)-wave it seems that we have a diagonal which could be leading diagonal ( first wave of an impulse) or ending diagonal ( (c)-wave). If we assume the second possibility, then we should have a close look to the 167.49 level which is the end of the ((i))-wave( note: wave ((iv)) can't reach to the territory of wave ((i)) ). The price has got close to this level but it hasn't reached it yet. So there is a chance that we are facing a bearish trend to create a ((v))-wave. But if price pass the 167.49 level we assume that we have a (ii)-wave which is the second wave of ((iii))-wave's extension.
BITFINEX:ETHUSD
by UnknownUnicorn3397093