CherrySwap is the DeFi platform with the highest TVL (Total Value Locked) on the OKEx blockchain. On the chart we can see a bullish divergence, which could break up. The OKT and OKB cryptocurrencies native to this blockchain also appear to be upside potential. Consider the BTC.D (Bitcoin Dominance) graph. When it's going up, it's not a good time to be on Altcoins.
By plotting the Elliot waves, we are on wave 5. If we continue with wave 5, we will reach level 1 of Fibonnaci. In wave 5 we have the ABC correction subwaves, where we can have the bear scenario in red, and possible bull reversals in green. Good winds! Always manage your risk and never outsource your decisions!
On the 2-week chart, we can see that the bullish cycles repeat for 9 bars (126 days), and that the bearish cycles repeat for 6 bars (84 days) (approximate values). If we trace the Elliot waves, we can identify that we are on wave 5. If the bull cycle takes place at the same periodicity, we can assume that the price will reach U$ 496 at the end of November. And a...
Squid games in Pitch Fork. Upward trend for networks that focus on privacy.
Elrond continues with a very strong uptrend. Possible increase of 400% in the long term. The graph in front of Bitcoin follows the same direction. Dotted lines indicate a possible time to purchase.
Like many other well-founded cryptoactives, 1Inch is another one that promises to pop the lid. Again we have the "Cup and Handle" pattern, offering a good risk/return opportunity. Upon breaking the cap, the first target could be at $7.5 with a 72% profit. And the second target would be equal to the fulfillment of the first cup, which coincides with level 2 of the...
We can see a "Cup and Handle" pattern. If the price breaks the cap, the value goes to the Moon.
LSK has a very ugly long-term chart. On the daily, it looks like it's in a "Shoulder-Head-Shoulder" pattern, however the Stochastic, RSI and ADX indicators indicate a sideways move with a possible rally. If the BTC rises it can only follow later. However, now is not the best time to position yourself on altcoins. I would particularly be left out. The risk...
When the price touches the orange support line, we will likely have a bullish reversal. If the forecast is confirmed, there may be an increase of 100% and later of 400%.
When breaking the triangle up, there is a great possibility of hitting $4.87. Looking at the Center of Gravity Oscillator (CGO), it could be a good time to buy, indicating upward bottoms. An inside bar is also breaking, with a good risk-return.
Projecting past prices from similar moments, I set up possible scenarios.
In the graph you can see a beautiful pennant ascendant, with a brutal pattern of reversal.
Daily Graph NVT (Network Value to Transaction) indicator This indicator describes the relationship between volume of transfers and market capitalization. It is also described as the price/earnings ratio of cryptocurrencies. The calculation is done by dividing the network value by the daily volume. At the moment, we can verify an indefinite moment. A good...