According to the volumes and price action in the last months, the target for the next 6 months is $3200-3300 for ETH. Considering the following aspects: - The Cancun upgrade on the ETH chain; - Possible Eth approval from May 2024 for ETH; - The emerging narrative with Layer 2 on ETH; - The ETH/BTC ratio is in a support zone; I consider that 3200-3300 is a...
In the graph it is clear that a large cup&handle time frame is taking shape with a withdrawal around 35,800 and a target of 80,000. I also drew a fibonacci extension and it overlaps with level 1.
On December 20, 2023, the ETH/BTC ratio reached an important support, namely 0.049. As it touched the coins in the ETH ecosystem rose sharply, ARB, OP and others. My opinion is that we are at the beginning of the ETH Etf narrative that will be doubled by an upgrade in the Eth chain, namely Cancun. Targets on the ETH/BTC ratio would be 0.058, 0.064.
Solana just broke the resistance from $79. This resistance was formed through 2 key levels over time, namely, August 2021 when it was resistance, before reaching the ATH and March 2022 when it was strong support. So, if this level will be confirmed as support, the target is $102-104.
If you put the Fib retracement from the peak of the bull market in 2017 with the minimum in 2019, it will result that the June 2019 maximum of Bitcoin is at the Fibonacci level 0.618, namely the price of $13800. If we do the same exercise by drawing fibonacci from maxium bullmarket 2021 to minimum 2022 we see that the fibonacci level 0.618 is at $48,400 which also...
Given the scores obtained from our fundamental analysis of the Injective cryptocurrency, the project shows significant potential as a cryptocurrency investment. It demonstrates robustness in several areas, particularly in social and media presence, ecosystem development, and partners and investors. However, it must address certain challenges, including bolstering...
Following the Volume Profile fixed Range Daily analysis for the year 2023 and the order blocks, an area that could represent the bottom in 2024 for Bitcoin could be the area of 26200-26700. Having the important confluence, we believe that the bottom in 2024 for Bitcoin could be in this area. Of course, some negative news is needed to be able to bring the price...
There are two key price levels for Solana, namely, the strong resistance of $67 which was support in August 2021 and which was the rejection price of the last period. Another important level is at $79 which was support twice in 2022, which when it lost it went directly to $39. In my opinion, Solana will break through the $67 level and will run sideways for a while...
Hello, I put a fib extension on the Celestia chart and it turned out that the 3,618 level corresponds to the $24 price and the 4,236 level corresponds to the $27 price. From our point of view, it is a feasible target, at least in the first phase of the bull market, since Celestia is a solid project. Below is our fundamental analysis, which you can also find on...
It was a key moment for altcoins in the past bullmarket, namely when BTC.D reached a strong resistance level at 73% to be exact, this happened on January 02, 2021, from that moment TOTAL 2 started to grow aggressively and the reign to decrease aggressively, until May 12, 2021, when we approached the peak of the bull market for Altcoins and BTC.D reached an...