Get started

Cryptos

DeFi Index Can Be Rising Within 5th Wave Of An ImpulseThe DeFi Index is a capitalization-weighted index that tracks the performance of some of the largest protocols in the decentralized finance (DeFi) space. DeFi Index is trading an in impulsive recovery away from the lows, which is from Elliott wave perspective ideally unfolding a five-wave bullish cycle. After recent corrective slow down, which we see it as a wave (4) correction, seems like it's now on the way higher within 5th wave that can push DeFi coins higher in upcoming days/weeks.
Long
by ew-forecast
1
OMG Network May Face A Larger RecoveryOMG Network with ticker OMGUSD nicely stabilized and the end of 2023, clearly within a five-wave bullish cycle that belongs to first leg (A)/(1) of a minimum three-wave (A)/(1) - (B)/(2) - (C)/(3) recovery. Since the start of the 2024, we have seen slow, choppy and overlapped decline, which clearly looks like a correction, ideally W-X-Y complex one in wave (B)/(2) that stopped and perfect former wave 4 support near golden 61,8% Fibonacci retracement. By current sharp bounce back above the trendline, seems like OMG is looking for a larger recovery within wave (C) or (3) that can retest at least the December 2023 highs for wave (C) or it will go even higher for wave (3).
CRYPTO:OMGUSDLong
by ew-forecast
3
Bitcoin Cash Is Breaking Out Of Bullish TriangleBitcoin Cash with ticker BCHUSD made a strong recovery back in July of 2023 which might be wave (III) because a slow down from $330 is overlapping, thus it can be a correction, so ideally that's a wave (IV) retracement, meaning that uptrend for wave (V) can still show up on a daily chart with space up to 400-500 area. We are actually tracking a bullish triangle pattern in wave (IV), which looks to be completed after recent break above 300 region.
COINBASE:BCHUSDLong
by ew-forecast
4
BTCUSD: Volume Surge Signals Potential Breakout to $70K Title: BTCUSD: Volume Surge Signals Potential Breakout to $70K Overview: Hello Traders, BTCUSD is experiencing a surge in volume alongside a notable price breakout, suggesting a potential rally towards the $70,000 mark. CRYPTO:BTCUSD Key Points: - BTCUSD is witnessing a significant surge in trading volume, indicating heightened market activity and increasing interest in the cryptocurrency. - The price breakout signals a potential bullish momentum shift, with traders eyeing a move towards the psychologically significant level of $70,000. - Market sentiment appears to be overwhelmingly positive, with investors anticipating further upside potential in BTCUSD's price trajectory. Technical Analysis: BTCUSD's price chart exhibits clear signs of a breakout, with price action breaking above key resistance levels and forming higher highs. The surge in volume confirms the strength of the bullish momentum and supports the likelihood of a continued uptrend. Conclusion: With BTCUSD demonstrating strong volume and a decisive price breakout, traders may anticipate a rally towards the $70,000 level in the near term. However, it's important to exercise caution and monitor price action closely for confirmation of the bullish trend continuation. Don't Forget to Engage: Please LIKE 👍 FOLLOW ✅ SHARE 🙌 COMMENT ✍ If you found this idea insightful! Your engagement contributes to the community's knowledge and helps broaden the reach of valuable insights. Leave your feedback in the comment section below or by boosting /Liking this. See you in the next idea post. Happy trading!
Long
by MarxBabu
EOS (EOS/USDT): Buy the dip with Target around 3.10EOS is a blockchain-based, fully decentralized network that enables the development, hosting, and execution of commercial-scale decentralized applications. EOS supports all of the core functionality required to allow businesses and individuals to create these dApps in a way that is nearly identical to how traditional web applications are created. EOS has the ability to provide secure access and authentication, data hosting, usage management, permissioning, and communication between dApps and the internet. Some even compare the way EOS operates to Google’s Play Store or Apple’s App Store. 🔴 How Does EOS Work? EOS is designed to resemble the performance of a real computer, with even the software itself using some familiar computing concepts. As an example, there are three types of resources that power the EOS blockchain: ✔ Bandwidth – responsible for relaying information across the network. ✔ Computation (CPU) – the actual processing power needed to run a dApp. ✔ State Storage (RAM) – stores data on the blockchain that can be referenced instantly. 🔴 What Makes EOS Unique? EOS is a unique crypto project as it encompasses several important characteristics, such as: ✔ Scalability – one of the biggest problems of cryptocurrencies is balancing decentralization and scalability. Due to its Delegated Proof of Stake (DPoS) consensus mechanism, the EOS ecosystem has the ability to process around 1 million transactions per second. The EOS project achieves such a high throughput by utilizing parallel processing. ✔ Flexibility – unlike Ethereum, which can potentially be a victim of DAO attacks, EOS has created a solution for this problem. The platform can halt the node that processes such a transaction, and gets back to processing new transactions only after this problem is resolved. ✔ Decentralization – while Ethereum has often been referred to as the decentralized supercomputer, the EOS platform could be considered a decentralized operating system. EOS’s value is derived from its ability to act as a platform for smart contracts and dApp creation. This feature makes it one of the few platforms that can be considered a “full package deal”. On top of that, its token economy and structure allow its users to actively be a part of the decision-making process, which is a feature many in the blockchain space appreciate. There are currently a bit over 950 million EOS tokens in circulation out of the 1,027,411,229 total tokens available. It should be noted that there is no limit to how many tokens can be minted, with new tokens being released in circulation each time a new block is created. The number of total EOS in circulation can be increased by 5% each year. 📈 Technical Analysis From a technical point of view, the trend is still bearish on daily and weekly charts, but at the same time we think that a Crypto Accumulation Strategy ("Buy the Dip") could be interesting in mid-long term. As we can see on daily chart, the potential target is very ambitious, but we're sure that sooner or later it will be reached! Don't miss the next updates and don't forget "Like and Comment" ❤
Long
by TheAnonymousBanker
13
Crypto News and FUD? - look at ChiliZ CHZ🌶️CryptoNews and FUD? Take your favorite cryptocurrency and look at the weekly chart👀 Like this one on ChiliZ CHZ🌶️ Many good cryptocurrencies are just in a healthy correction🚨🚀 Comments💭, Likes♥️ & Follow🔗 appreciated dear Crypto Nation🤗 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BINANCE:CHZUSDLong
by Crypto4Everybody
2
RNDRBullish continuation for RNDR. We can squeeze another 40% to 50% out of this. This is more risky trade, it rose a lot already, but people are still very interested in it. DYOR What is RNDR? RenderToken (RNDR) is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Conceived in 2009 by OTOY, inc. CEO Jules Urbach and launched in 2017, RNDR held its first public token sale in October of that same year, followed by a private sale period lasting from January 2018 – May 2018, wherein a total of 117,843,239 RNDR were sold at a price of 1 RNDR = $0.25 USD equivalent of token. During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team in building and testing the network, up until its public launch on April 27th 2020.
RLong
by Achilly
CRONOS BULL FLAG BREAKOUTCronos looks to have closed the daily with a very bullish print of a bull pennant pattern. We are now trading above key EMAs 50 and 200 after the golden cross occurred back in November 2023 and we are still holding this level very well indeed. We have this initial rally starting around mid October 2023 and the price increased by over 150% and right now we have pulled back to the 61.8% fibonacci retracement level and found support once again This is an amazing long opportunity to get into something as big as CRO token with huge utility and major sponsorship deals with Formula 1 and The UFC so i am grabbing it with both hands Targets for the next take profit levels can be around $0.14 for this next leg up and I will make a new analysis once we reach that level Overall I am very bullish on CRO and i believe this token can achieve much higher numbers in the long run and i strongly believe CRO will be at the forefront of crypto in the future
Long
by cryptopsycho1111
ALTcoins May Face Further RallyALTcoins are still dominating in the Crypto market. Looking at TOTAL3 crypto market cap chart, which excludes Bitcoin and Ethereum, we can clearly see a bullish pattern. After a complete complex W-X-Y correction in wave (4), we can now see an impulsive minor five-wave recovery, which can be first wave 1 of a higher degree wave (5), so after a pullback in wave 2, watch out on further rally into wave 3 of a five-wave bullish cycle, especially if breaks channel resistance line near 500B level.
CRYPTOCAP:TOTAL3Long
by ew-forecast
Market Update - February 2, 2024Weekly Market Update - February 2nd 📨 Fed Votes to Hold Interest Rates Causing Stocks to Tumble SEC Set to Approve Ethereum ETF by May Record Breaking Trading Volumes for Solana Dex in Wake of LSE:JUP Airdrop Ethereum ETF: According to a new report by British multinational bank Standard Chartered, the U.S. Securities and Exchange Commission (SEC) is set to approve Ethereum (ETH) exchange-traded funds (ETFs) by the final deadline for approval on May 23, potentially doubling the current price of ETH. The report expressed strong confidence in an approval, citing the fact that the regulator has not classified ETH as a security. $700M LSE:JUP Airdrop to Solana Wallets: One of the biggest token airdrops ever took place on the SOL blockchain this week, as the Jupiter network started distributing roughly $700 million worth of its JUP token to nearly a million SOL wallets. Token trading on Solana decentralized exchanges briefly surpassed trading on Ethereum-based exchanges in December, and with the latest JUP airdrop, it could very well flip in favor of Solana again. Stocks: Markets closed down -1.61% and -1.94% respectively, caused by the pushback of an interest rate cut, and amplified on the day due to a number of the tech giants showing underwhelming earnings on Tuesday evening and opening lower on Wednesday morning. 🏦 Topic of the Week: What is an ETF? Read more here
GEMINI:BTCUSD
by Gemini
2