Chainlink broke out to a new ATH today at just under $38. As of posting, Link is backtesting the previous ATH for support. Simultaneously, BTC dominance is downtrending and broke under 54.80. Once support is confirmed for Link above previous ATH of $36.92, price is very likely to move higher and enter price discovery. Link also has very positive social sentiment...
I watched these movements in real time on aggr trade. It is a few of the same large actors putting in large buy orders, spurring fomo so people buy the "breakout," then, at whatever seems the top, they sell all at once. We saw this at large scale several times recently near ATH pushes.
These are not organic price movements, it is the result of bored whales...
BTC has been moving up in a probable bull trap and is currently encountering a huge resistance zone around $18,600.
Volume has been dropping while price has been increasing, and the probability is now low that we will push through this zone. On the hourly and weekly we are overbought on the RSI.
I suggest we will see a short term reversal, continuing the...
ETHE is the grayscale stock trust for ethereum.
ETHE has been frozen since Friday afternoon when the stock market last closed. At that time, ETH was trading at around $510. Currently, ETH is pushing over $590. Simple logic tells us that when the stock market opens Monday morning (in about 5 hours) ETHE will likely catapult upward to compensate for the movement of...
CRO has been dropping fast following a lot of community drama over changing interest rates for CRO staking. CRO may have a small short term bounce as speculators buy the dip, but the overall trend is likely to be downward int he medium term. CRO's actual utility is limited, and it's entire value at present is essentially tied to interest rates (which were dropped...
ETC firmly in oversold territory, testing previous lows. Given the coin's resilience last month to very bearish news, and better future news on the horizon with defi compatibility 51% protection and SHA-3, I expect we will see a bottom here soon and then the price will begin to climb toward $8 or $10 in the medium outlook.
