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
Cryptos
AVAXUSDT Avax looking to breakoutMany cryptos breaking out of short term downtrends.
Keep your trades simple. Look for Avax to break the downtrend, wait for the retest to confirm.
Take profit at;
38.1878
40.745
42.971
Caution, if BTC has a small pull back look for atls to have a big move down invalidating the trend breakout.
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.
For those beleiveing in the SUI coin If you believe in SUI coin I have a more degen play that could potentially give a better reward if SUI coin pumps.
We have a cup & handle forming on the weekly timeframe. I expect a little retracement before hugging the all-time time (disregarding the pump & dump at lunch) with a reacting to this zone and then breaking to the upside during the bull run.
If the bull is bigger than the previous one this could be a good gainer
AFTER A BOUNCE AT SUPPORT LEVEL CARDANO STRENGHTENED!ADAUSD pullback to the support level at 0.45 and the crypto has made higher-high and higher-low, thus ready for bullish momentum!
N.B!
- ADAUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#adausd
#crypto
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
1 Accurate Predictions Made by AI for Ethereum ( ETH.X)The Ethereum market, like any other financial market, experiences ebbs and flows, making it difficult to definitively declare whether it is "over." While periods of stagnation or decline may raise concerns, Ethereum and the wider cryptocurrency market have shown resilience over time, bouncing back from downturns. Current trends in Ethereum's trading patterns, analyzed using advanced tools like artificial intelligence, suggest a complex and ever-evolving landscape. Hence, it is more prudent to view the market through a lens of continuous change rather than a binary perspective of 'over' or 'thriving'.
Prediction #1. Uptrend Detected
AI, an artificial intelligence tool, has demonstrated a remarkable ability to detect bullish patterns in cryptocurrency trading, particularly with Ethereum (ETH.X). Notable instances include the identification of a bullish Cup-and-Handle pattern in December 2023 (On December 25, 2023, AI detected a Cup-and-Handle Pattern (Bullish) for Ethereum cryptocurrency (ETH.X, $2272.562000). On December 27, 2023, AI confirmed the Bullish pattern, setting a target price of $2464.050000. 14 days later, on January 10, 2024, ETH.X reached the target price resulting in a +13.62% for traders who took a long position in the stock.).
These patterns suggest a dynamic market where upward trends are observable, offering opportunities for astute traders to capitalize on these movements.
Trading based on bullish patterns requires a strategic approach and a deep understanding of market dynamics. Bullish patterns, like the Cup-and-Handle, indicate potential upward trends, suggesting buying opportunities. Platforms like Tickeron, with their advanced AI tool, can be invaluable for traders looking to navigate these complexities and make informed decisions.
For those interested in finding current patterns in the cryptocurrency market, Tickeron is an excellent resource. With its sophisticated AI tool, Tickeron provides insights into emerging trends and patterns, helping traders to identify potential opportunities in the volatile crypto market. Whether you're a seasoned trader or new to the world of cryptocurrency, Tickeron's technical analysis and pattern recognition can guide your trading decisions, enhancing your chances of success in this dynamic field. Get started on tickeron.com.
BINANCE:ETHUSD
Market Cap
The average market capitalization across the group is 268.43B. The market cap for tickers in the group ranges from 268.43B to 268.43B. ETH.X holds the highest valuation in this group at 268.43B. The lowest valued company is ETH.X at 268.43B.
High and low price notable news
The average weekly price growth across all stocks in the group was -12%. For the same group, the average monthly price growth was -2%, and the average quarterly price growth was 19%. ETH.X experienced the highest price growth at -12%, while ETH.X experienced the biggest fall at -12%.
Volume
The average weekly volume growth across all stocks in the group was -3%. For the same stocks of the group, the average monthly volume growth was 26% and the average quarterly volume growth was 167%
NEAR ($NEAR): Technical rebound in mid-termTrend is still bearish on daily and weekly chart, but at the same time we do not exclude an interesting technical rebound in mid-term. In this analysis we just wanted to share our view and how it could develop (Impulsive Structure), for more details on support and resistance levels, visit our Blog. With this in mind, from a technical point of view, AMEX:NEAR still remains under pressure, so we do not rule out a bearish consolidation before a price recovery.
🔴 TRADING STRATEGY
The best strategy may be to accumulate long positions on weakness (by the dip) with small sizes.
🔴 RISK MANAGEMENT
Use only the portion of assets willing to lose (1%/2%)
Analysis by
Anonymous Banker Team
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Correction in progress but soon very interesting...Enjin is a software that gives developers the ability to create and manage virtual goods on the Ethereum blockchain. The idea is that by using blockchain technology to manage in-game items across many different properties, Enjin can help reduce the high fees and fraud that have plagued the transfer of virtual in-game goods and collectables. Toward that goal, Enjin has released software development kits (SDKs) allowing users to both create digital assets on Ethereum and integrate them into games and apps. Each minted asset is customizable to fit the desired platform and recorded in a smart contract, giving the items the advantages of cryptocurrency, namely speed, cost and security. Central to managing the digital assets on its platform is ENJ, Enjin’s cryptocurrency, and each in-game item created on Enjin is assigned a value in ENJ.
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Head and Shoulders Sending BTC to 35KPost-ETF hype, I can see a head and shoulders pattern forming on BTC. Targeting support levels in the mid-30K range. This will also get us a clean retest of the weekly LSMA (see my other idea on the weekly time frame).
Long term I am extremely bullish on BTC and can see us reaching new ATH before the end of 2024. Will be buying if we correct into 30K range.
🚀 Potential Bullish Move Ahead: AI/USDT Following XAI Coin? 📈
Get ready for an exciting ride! 🎢 AI/USDT appears to be on the verge of a significant upswing, following the footsteps of XAI coin. 📈🔥
The charts of XAI/USDT and AI/USDT share a striking resemblance, indicating a potential bullish trend of 50-100% in the coming days. 📊📈 Brace yourself for a massive surge! 💥🚀
Note: Remember, decisions regarding investments should always be made after thorough research and consultation with financial experts. This is merely an observation and not a recommendation. 📝💼
Stay tuned and keep a close eye on AI/USDT as exciting times may be just around the corner! 🔍🚀