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ETH 2 Day TFIn the past 34 days, Ethereum has risen by 54% without experiencing a significant correction. It is predicted that there may be a 20% pullback before the price continues to rise. It is expected that the sell zone between 2297.3 and 2483.6 may trigger this pullback. There are several factors that suggest Ethereum could experience significant price growth by the end of the year. Decentralized Applications: Ethereum is not just a cryptocurrency, it's also a decentralized platform that allows developers to build and deploy decentralized applications (dApps) on top of it. This has led to a flourishing ecosystem of decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and other innovative use cases. Smart Contract Functionality: Ethereum's smart contract functionality enables developers to create and execute self-executing contracts that automatically execute when certain conditions are met. This has revolutionized industries such as supply chain management, real estate, and even gaming. Strong Network Effect: Ethereum is the second-largest cryptocurrency by market capitalization and has a large and active community of developers and users. This strong network effect means that Ethereum is likely to continue to be widely adopted and used, which could increase its value over time. Scalability Improvements: Ethereum is undergoing a major upgrade called Ethereum 2.0, which aims to address some of the scalability issues that have plagued the platform. This upgrade is expected to make Ethereum faster, cheaper, and more efficient, which could make it an even more attractive coin to hold. Overall, Ethereum's versatility, functionality, strong network effect, and ongoing improvements make it a good coin to hold for the long term. However, as with any investment, it's important to do your own research and consider your own risk tolerance before making any decisions.
BITSTAMP:ETHUSD
by ChartStrategist
1
XRPUSD: Don't expect new Highs anytime soon.XRPUSD has been trading sideways for 10 days in a row and despite being on high ground relative to last month's lows, the 1D technicals are gradually turning neutral (RSI = 59.192, MACD = 0.022, ADX = 33.580). This is because the price is still trading inside the long term Channel Up and recently the Higher High was priced. Repeating the top structure of September/October, a decline to the Channel's bottom is more probable, unless the March 29th High breaks first. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:XRPUSD
by InvestingScope
6
Big Chainlink Move IncomingChainlink has been trading in a range for over 322 days. However, despite this prolonged period of sideways movement, there is an exciting development taking place in the background. Massive bullish divergence has been forming since July 2022, when the histogram changed color. Over the past thirteen 3W candles, momentum has been slowly building, culminating in the first ever 3-week bullish cross last week, even as the price has continued to decline. This type of bullish divergence is typically a precursor to a significant move, and the longer the buildup, the bigger the potential move. A similar pattern was observed with NOIA, and it resulted in a massive move Chainlink's potential move could be volatile, considering that the last time it moved up from this exact price range, it gained 200% in just 20 days. Additionally, a triangle pattern seems to have formed within the range, which is typically very bullish, especially when lower highs are consistently being made on the daily chart. A similar triangle pattern in the past pushed LINK to the top of the range, forming an ascending triangle that eventually took it much higher. While the LINK/BTC chart has not been as hot, a break of resistance could be a positive development for LINK. Overall, this could be an excellent time to enter a long position in LINK and ride the potential move until June 2023.
Long
by Sporia
4
SOLUSD - Bearish DivergenceBased on my analysis, I have identified a bearish divergence in the market, which suggests that the trend is likely to continue in a bearish direction. In order for the divergence to be confirmed, we need to see a break of the previous higher low (HL). With this in mind, I recommend taking a short trade with a risk/reward ratio of 1:1. Here are the details of the trade plan: Trade Type: Short Sell Stop: 23.59 Stop Loss: 24.48 Lot Size: 96 Take Profit 1: 22.7 Take Profit 2: 21.81 By following this trade plan, we can potentially profit from the expected bearish trend while managing our risk with a well-defined stop loss. It is important to monitor the market closely and adjust our trade accordingly if new information arises.
BINANCE:SOLUSDShort
by mansooryousafzai
8
BTCUSD: Megaphones always start bull runs.Bitcoin is almost overbought on the 1W timeframe (RSI = 69.070, MACD = 1615.400, ADX = 36.907), well over the 1W MA50. This breakout comes after the priced crossed above a Megaphone pattern that was seen before the last two major bull runs. The 1W RSI was also near 70.000 on those instances and history seems to be repeating. No matter how unrealistic it may seem, can hit 50,000 or even 60,000 by July if the pace of this rise is continued. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
INDEX:BTCUSDLong
by InvestingScope
8
BTCUSD: The beginning of a +50% rise. $41,000 possible.BTCUSD is already on an overbought 4H RSI (71.673) for the day but the 1D time-frame remains on well balanced bullish numbers (RSI = 65.713, MACD = 855.100, ADX = 21.853). This indicates the potential for strong bullish upside and same 1D RSI pattern is found at the start of the previous two +47.50/+48.50% rises. The pattern may seem a Channel Up but the underlying structure is an Inverted Head and Shoulders. HKEX:41 ,000 is our target within a 1-2 month timeframe. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
INDEX:BTCUSDLong
by InvestingScope
4
$DOGE Supernova 💫❤️🕊️What is Dogecoin (DOGE)? Dogecoin is a cryptocurrency that was created on December 6th, 2013 based on the popular "Doge" Internet meme and features a Shiba Inu on its logo. The codebase of the project was a fork of Litecoin, in which most of the same features such hash hashing algorithm were inherited, with the only difference of branding and large inflationary supply. Introduced as a "joke currency", Dogecoin quickly developed its own online community and reached a capitalization of US BMV:60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined. Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes. The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional. Dogecoin in 2022 Fast forward today in 2022, Dogecoin has grown so much and have gathered the mainstream attention. It has become a meme that is used by the likes of Tesla billionaire, Elon Musk and even more so spunned off even more meme coins into the market. Dogecoin followers have always been asking if Dogecoin would ever reach $1. It is hard to say where the price action will go, but high volatility seem to be mainstay as the utility of the cryptocurrency remains unclear being a meme coin.
CRYPTOCAP:DOGELong
by BADQOMOCAWGOWLD
Polkadot - DOT breakout patterns🔵🟢🔴👀We see a daily breakout pattern within a weekly breakout pattern for Polkadot dear Crypto Nation🔵🟢🔴👀 That can lead to a huge bullish breakout with a new high on daily chart followed by a new high on weekly chart🟡🚨 Have a great day dear Crypto Nation😎 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BINANCE:DOTUSDLong
by Crypto4Everybody
KLAYUSD Buy the pull backKLAYUSD is consolidating after a strong February drop, in preparation for one last drop at the bottom of the Channel Up. The same pattern is seen in mid November-December. Trading Plan: 1. Buy if the price breaks under the short term Channel and near the bottom of the long term Channel Up or if it breaks above the short term Channel first. Targets: 1. 0.41500 in both cases (top of the Channel Up). Tips: 1. On the RSI (1d) we can see the resemblances between the two patterns more clearly. The closer the buy is to the 30.00 RSI oversold level, the better. Please like, follow and comment!!
KLong
by TradingBrokersView
6
GMXUSD: Outside its Triangle, targeting 100.GMXUSD is attempting to close today over its short term Triangle pattern, which is just a neutral formation inside the long term bullish Channel Up pattern. The 1D technicals are bullish (RSI = 62.080, MACD = 0.000, ADX = 29.989) and if the 1D RSI crosses over the LH trendline, it will be the buy trigger we need to target firstly the R1 (90.00) and secondly the top of the Channel Up (TP = 100.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:GMXUSDLong
by InvestingScope
8