Cryptocurrencies with no clear direction after the sharp drop that took Bitcoin from USD 30,000 to USD 20,000. Ethereum bounced back to $1,000 after a test sale at 900. Other cryptocurrencies are performing similarly.
Matthew Crypto
We see some euphoric people on the internet saying that the Bitcoin the turnaround started and so on but I have some points to tell you… Don’t get excited without concrete facts, patience in this market is essential. Important issues:
Any move below fibo’s 0.382 is a bearish flag, which is just an accumulation of the people selling to take profits for the market to fall again, and it could still go as high as $25,500.
On the weekly, we still see the OBV falling with a very sharp downward trendline; trend indicators such as DMI E MACD with a terrible scenario we have in the DMI that the ADX shows an upward curve with the sell line (di-) above the buy line (di+).
One more point, price still below the 72 average on the daily and weekly chart. ‘s profile volume show us in this light blue box, where we have local That zone 16500 – 21300 as a zone where we have a volume of reasonable negotiation, but where do you start to have more? volume is in the range of 11400 -14200, this means that the PRICE can lateralize in these regions as if it were a ladder, so obviously we are doing things on a ladder, so be calm at this point. (See dynamic chart).
half trade
The Ambiere AdEx protocol has an ingenious computational structure and presents itself to the market as a solution in marketing and digital advertising, describing its code as one of the followers of the DeFi system, which had its big bang in 2021.
Marketed as a decentralized ad exchange since 2017 and later expanded into a full ad space/time trading protocol. Later, Ambire wallet with its LP pools † This gains prominence when we talk about promising tokens in a possible resumption of the monetary contribution in this short bear market Grand total.
Fundamentally analyzed and understood the ADX Ambire (then AdEx Network) launched with 100,000,000 tokens ADX made on that date. In September 2020, the company’s team performed a token renewal that allowed for an additional 50 million tokens to be minted, bringing the total to 150 million in its cap supply (SUPPLY). To date, the total number of coins in circulation is 142,557,523.66 ADX †
After the cold analysis of trends superimposed and considered different time frames we verified that in the other intervals, such as the monthly and weekly, there is a pattern known as ROUND-BOTTOM or Rounded Support, which is shown in ADX † BTC followed by declining volumes for the bear traders and a current accumulation of value combined with scarcity of short-selling (according to the Relative Strength Index † RSI ) positive for larger target positions – bulls. (See full analysis).
servant
On the Bitcoin chart, I have detailed all the secondary projections that led to the final bull leg projected downward.
Of course, in every exchange and in the BTC future, the tops and bottoms can change and so can the projections, so it’s always good to watch the BTC future next to the charts of the stock exchanges. One index must confirm the other, I believe everyone who operates has read That sense somewhere.
Since a target has already been hit, if it breaks a pivot or last leg down, it can reverse, but the trend is down, it can also fall further. Every trend is valid until it is reversed, so we have to see That reversal to ensure a rally. (See more about Bitcoin).
Allan Jhones
The ETH price on the H4 chart is close to a key point to start a stronger rally, which is the 1250 point. A breakout could cause ETH to accelerate its move toward 1,500, where the asset’s next resistance is, while the safest support level is at 1,160, where the averages are 50 (green line) and 90 (red line). The expectation is a slight high and tests in resistance. (See more about Ethereum).
Disclaimer: The analyzes presented here are studies only. They are not recommendations for investment, purchase or sale, nor do they reflect the views of the media in which they are published. These are studies aimed at people with knowledge and experience in the financial market.
Our authors: Marcus Cripto, Meia-Trade, Servant and Allan Jhones†
Source: Live Coins
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.