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SOL Could Reach Just Above $700 This CycleSolana is printing extremely similar chart of what eth did in 2016-18. It looks almost the same, although i don't think sol will go that far in terms of percentages as eth did back then. Largely because of the current market cap and use case, where eth is practically a gas for other similar projects to be build on. As we don't have any historical data to be relaying on, it is still largely a guess where the price could reach. From what i've seen in 2017 lots of new coins went to the full fib. extension, which was extended over recent major correction and consolidation. For the fully extended fibs, 0.236 ext has to sit on top of the range and 0 on the bottom. Something similar did BitShares (BTS) in 2017 (will show in the update). I would expect more positive price action from Solana as it brakes above and find support on that rising trend line that we broke recently. I am not a financial advisor so non of this should be taken as a financial advise. BINANCE:SOLUSDT
by CR35
A quick 48Day % analysis of $ZIL's performance vs $BTC and Alts.It's been a hectic day at the office of late, and I thought maybe I could do something different from my usual Elliot Wave analysis. I wanted to really find out for myself, how $ZIL has been performing since the turn of Dec 2020, and I apologise in advance if you find this date a little biased -- because I don't. This is a feel-good % chart that shows me just how underappreciated $ZIL's performance has been, thus far. If one is stacking sats, in a little under 2 months, you can't do any better than $ZIL (well, actually you can, but that's for another chart...). So why am I doing this chart again? Simple, I am simply trying to figure out an underappreciated gem to rotate into, and as it stands, $CRO has caught my attention. Until next time, cheers.
BINANCE:ZILUSD
by googooboyy
32500 by 2021(REALISTICALLY)Hello and welcome to TheDailyScalpshow. This is our first idea that put's the short term aside in these indecisive times. This is pretty self-explanatory but what we've noticed in the past is that in our bear market cycles, the retracement has always averaged out at around 80%. The bull market cycles on the other hand seem slightly more random in terms of percentage gains....UNTIL NOW. If you look a little closer, you can plot an average % increase per cycle of either 6000% or 1000%. And not only does this seem to be repetitive but they seem to correlate with the world markets as well. 2014 - 2015 we saw Oil prices crash as well as the Chinese markets in 2015. Along with this we saw an 80% retrace in the price of BTC. This is why our prediction is down to begin with. We expect this trade war between the US and China to really affect the world economy over the next year and hedging bitcoin will not help you in avoiding a major financial crisis(as far as we know). The reasoning behind this is the fact that gold, silver and other assets all crash along with the world economy so don't expect magical internet money to be any different. So we have the looming financial crisis that will bring the price down but also we can see that our stochs are pointing down, heading for the abyss. We believe this will stop around the 6000 area. Under normal conditions, this would stop at around the 2700 - 3000 area but with the predicted inflation from the trade war, we estimate that the 6000 support line will hold strong(inflation creating a 6000 buck bitcoin that is worth less than previous 6000 buck bitcoins in terms of tangible value). THIS is where you should LONG. Speculation of another 6000 - 3000 dump will be floating in the air, but inflation will actually hold us there (in a weird way). And as the economy slowly recovers, so will peoples demand for assets. Bitcoin will FINALLY be out of it's bear market and parabolic action will begin to take place. Many countries will have adopted it in this time with 6000 being a stable price for so long, and then we begin a bull market once again, bringing those countries wealth and prosperity among the world powers..... But yeah, anyway, the next cycle is 1000% up after 6k. GGWP GLHF. Peace.
BITSTAMP:BTCUSDLong
by Hamilton_Gilpin
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