Fundamentals: First of all, this trade is only good once the FED raises the interest rate by 0.75% or less. If it is higher than that, close it or do not even open it Ripple is currently on trial with the SEC. The result of this trial will be extremely crucial for the whole crypto industry, not just XRP, as it sets an essential precedent We have already...
Fundamentals: Many people assume the Merge will be a buy-the-rumour-sell-the-news event. I was also of that opinion, but it is no longer my base case I believe people still see a lot of risks arising from the upgrade, hence its success is not yet reflected in the price of ETH This trade is a bet on a (short-term) wave of optimism which will set in once...
The long-awaited Merge upgrade is just around the corner, and we believe that traders will try to bid up the price of Ethereum and any of its scaling solutions (Optimism, Polygon, Lido) right into the Merge. The success of the upgrade is not yet priced in as investors might worry that something goes wrong during the upgrade. Hence, we assume that if everything...
Last week, BTC, along with the rest of the crypto market, experienced a sharp drawdown. After a week-long consolidation, the next move truly hinges on today's Jackson Hole speech (10:00am ET). The central bank chairman is expected to comment on the current state of the economy and tell us more about the central bank's next steps in the fight against inflation....
STEPN (GMT) is a fascinating play-to-earn project where you can earn tokens by walking or running. If you want to play, you must purchase special NFT shoes in their marketplace. It's a fascinating project; definitely check it out . At its peak, the app had around 700,000 users . This has collapsed since the bear market started, but the project already showed...
The crypto market had another reason to rally following yesterday's positive inflation report . The inflation data showed a significant decelerating trend, which means that the probability of a so-called "soft landing" (going through a hiking cycle without entering a recession) actually increased. Make no mistake, we are not out of the woods yet; inflation is...
Hi Traders, in recent weeks we have seen significant upward momentum in cryptocurrencies spurred by a series of positive news and a rally in the stock market. Filecoin was one of the recipients of good news, and we have seen it rally significantly. A couple of days ago, Filecoin announced a partnership with the University of Harvard to help them with their...
Hi Traders! Some altcoins have been growing quite solidly in recent weeks, which is why this is a suitable situation in which you can multiply your Bitcoin. We will therefore show you specific DIA / BTC trade. We monitor this trade on a daily chart, which means that if you decide to buy, we can reach the targets in 1-2 months - we are talking about a medium-term...
Hi Traders! Polkadot is a very successful project, which is often talked about especially in recent months. In addition to a strong fundament and technology, this is also confirmed by the chart. If we look at the daily, we see that a few months ago we were at the level of USD 4. Just a few days ago, DOT reached its maximum of USD 46, which is more than a 10-time...
Hi Traders! Bitcoin is currently setting one ATH after another and the highest achieved is already at USD 64,200. How will its price develop further, and which zones are important for growth? At Bitcoin, I now follow two different scenarios. 1. Rising Wedge This is a bearish scenario that would not be very pleasant for many investors. On the other hand, it...
Hi Traders! For a long time, we did not look at one of the most famous cryptocurrencies - Litecoin. It has been moving in terms of the total capitalization in the TOP20 for several years. You can see LTC in cryptomats, on PayPal, and even Grayscale buys it. Nevertheless, it has not yet managed to reach his last ATH. Why? The latest ATH of Litecoin is at $ 374...
Hi Traders! It's time for a specific trade, which we will implement today on the daily chart. AAVE is a strong DeFi coin that has a good fundament and in addition, we will trade it against USDT. What is the difference in trading against USDT and BTC? If bitcoin grows, the altcoin will grow more slowly against BTC, which poses a certain risk. However, if the...
Hi Traders! Today we will trade a well-known cryptocurrency - Verge. It is known especially from 2017 when in a short time its price increased compared to bitcoin by 4,000% . Since then, however, he has not shown much and is basically only declining. I certainly wouldn't recommend holding Verge, and like UMA (in the previous analysis), it's just short-term...
Hi Traders! Even smaller cryptocurrencies do not escape our attention, and today we will explain a specific pattern on one of them - "cup and handle", or a round bottom. What is a cup and handle? It is one of the basic and very popular patterns. You won't find it on the charts as often as, for example, a triangle, wedge or other well-known patterns. It is...
Hi Traders! Technical analysis is a game of probability and statistics. Situations in which there are several possibilities of future development are nothing special on the market, and this is exactly the case today. Even an experienced trader cannot clearly determine in which direction the asset will move. However, what he knows to do is to identify the options...
Hi Traders! In today's analysis, we will take a closer look at the BNB exchange coin. However, we will try it a little differently and we will not analyze a specific trade, as you are used to. The BNB has undergone almost incredible growth in recent weeks - in numbers, it is 861% in 21 days. At the same time, it created its new ATH at USD 349 . During the big...
Hi Traders! In recent days, bitcoin has become the centre of your questions again after a major decline. Is the bear market coming again? Where will this correction stop? What to do? We would certainly not talk about the bear market in the current situation. The decline of the bitcoin price was due to the values at which it was last weeks. The fact that it...
Hi Traders! Last week we looked at EOS, where we pointed out its great potential, and today we will do a similar analysis of Ontology cryptocurrency (ONT / USD). Let's not forget that bitcoin currently exceeds the $ 50,000 mark, which has a significant impact on the entire market. First of all, we would warn against high expectations. The fundament around this...