Based on the provided market data, UNFI (Unifi Protocol DAO) is currently trading at $6.589 against USDT. The relative strength index (RSI) of 38.41 for 4 hours, 48.95 for 1 day, and 58.67 for 7 days indicate that the currency is nearing oversold conditions on the short-term (4 hours) and is relatively neutral on the mid (1 day) to long-term (7 days) periods....
In this analysis I want to shed some light on a long-term (and often overlooked) trading pattern for Bitcoin. The indicator in question is the monthly RSI. As seen on the bottom half of the chart, the monthly RSI is following a very predictable, long-term oscillating pattern. Long-term investors and whales are using this pattern to time their entries and exits...
We can see a clear and obvious correlation between USDT.D and Crypto Total Market Cap As USDT.D increases its position within the cryptosphere we see a shrinking cryptosphere and vice versa as the cryptosphere expands USDT.D retracts This is not a negative for USDT rather a positive USDT market cap itself is positively impacted by USDT.D retracting as that...
Based on the market data provided, the BNXUSDT pair is currently trading at a price of 0.2653 USDT. The 4-hour chart shows a Relative Strength Index (RSI) of 0.0119, which is extremely low and indicates that the pair is heavily oversold and could be due for a price correction or reversal. The Moving Average Convergence Divergence (MACD) is 0.098, suggesting a...
FTM has been one of my favorite tokens during the bull-run, but has lost nearly all of its value over the last two years. In its current state, it's one of the weakest big alts. In my eyes, there's potential for more bearish price action in the future. I think that FTM can fall as far as 0.03 USD. Consequently, this would be my ideal area to step in for a...
In this analysis I want to take a look at a dire market outlook which is not even that far-fetched. We should talk about the possibility of the altcoin marketcap (TOTAL3) falling another 50%, which would mean that the average altcoin will lose around 50% of its value from this point until the bottom. Back in 2018, TOTAl3 fell around 92%, while it has only fallen...
Based on the given market data, BTC is currently priced at 27381.0 USDT. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 35.72, 56.51, and 53.28 respectively. The RSI values indicate that BTC is nearing oversold conditions in the short term (4 hours), but is in a relatively neutral position in the longer term (1 day and 7 days). The Moving...
Ethereum has officially fallen through the last remaining bullish trend line left on the chart. This trend line has emerged at the depth of the June 2022 sell-off, so it's well over a year old and must carry some weight. In my view, this is the start of a longer bearish period for ETH, potentially even to retest the June 2022 lows around 900$. Wait for the price...
OGNUSDT is trading in more like of triangle pattern and recently it seems like the sellers are bit exhausted now and the pair is started to get support within the triangle . Currently the price is forming a local support around 0.1150 region and a bullish divergence also indicating the buyers are getting ready for some serious move to upside. Will the bulls take...
#tetherdollar dominance in market is slightly following uptrend channel since end of 2021. Weeks ago started form a bullish flag. I highlighted the target on the chart. When it reaches the the target (in mid / long term in 2024 I think) the altcoins will already had a long blood bath. NOT FINANCIAL ADVICE. DYor.
Stewiecoin Gradual Price Action Increase and Decrease To calculate the gradual price action increase for Stewiecoin with increments of $10, $100, $1,000, and $10,000, considering a total supply of 13 billion tokens, a 50:50 ratio with BNB, and a current price of $0.000001640407, we need to consider how the market cap changes with each increment. Here’s the...
Over the last months I've been fairly bullish on the Bitcoin Dominance (BTC.D). In other words, I think that BTC will outperform the average altcoin in the time to come. My most recent BTC.D analysis below. In my eyes, the Bitcoin Dominance will continue to rise until it has reached the top purple line of resistance. Realistically, it can take another 6-8...
Ever since BTC fell through the yellow support line, I've been largely bearish on BTC and argued that the 2023 is likely to be in. After the initial drop, BTC as surprisingly recovered most of the initial drop and currently retesting the top purple support. As long as we will not confirm the break out by closing the weekly above the resistance, the bears are...
Tether has been at an ATH for a couple of months now. With 3 month bond yield, sticking well over 5% for over 4 months, this has been a very very profitable business for Tether. Thether keeps most of their funds in short term bonds. Maybe by now they have also locked in some long term bonds. They could easily have a portion of their portfolio in 5Y bonds,...
seems like juv has bottomed out and getting ready for massive bullish rally formed falling wedge in 3 days and currently testing multi year trend line and expecting breakout soon incase of successful breakout expecting 220 to 240% bullish rally
- thoughts out loud - thoughts out loud - thoughts out loud
Thank you for reading our update. Please keep in mind that this is not trading advice. There is still a 400M market cap + max supply and it's not possible to mint more coins. Will we witness a similar impact on Luna's price, like the one it experienced when it increased to $7 after the huge fall? What could be the reason behind the data showing buy orders at...
Bullish divergence on higher timeframes. We gonna move sideways for the next weeks, consolidate and stabilize in the 25k region before the next move up. Alts will recover and catch up. Ignore the FUD.