BTC flew above 70, 80 and 90k. Almost reached the epic 100k mark. All this in a very short period of time. A good correction is natural before resuming upward momentum.
CRYPTO MECHANIC
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Many are waiting to buy the dip into $90k or under. Would be great if Btc left them behind.
Fundamental analysis in cryptocurrencies is an approach that aims to assess the intrinsic value of a digital asset, taking into account factors such as the technology behind the coin, the development team, the target market, the competition, and the utility of the token. One of the parameters of fundamental analysis in crypto is TVL, loosely translated as "total value locked".
TVL is a metric used especially in decentralized finance (DeFi) that represents the total value of assets that are locked in a specific protocol. Here are some considerations about TVL:
1. Protocol Health Indicator: A high TVL usually indicates that the protocol is popular and reliable, as more users are willing to trust it with their assets.
2. Project Comparison: TVL can be used to compare different DeFi protocols. Projects with increasing TVL can be seen as more attractive.
3. Volatility: TVL can fluctuate with market conditions, reflecting both investor confidence and changes in asset prices.
4. Long-term Stability: A stable and growing TVL over time can be a sign that a project is consolidating itself in the market.
Combining technical analysis with TVL tracking can provide a more comprehensive view of a crypto asset’s potential. This approach helps investors make more informed decisions, considering both the project’s fundamentals and its market acceptance.
Despite the bear market, some assets are opening up good buying opportunities. Analyzing the candlestick chart, I identify a potential buying opportunity in this NEIRO/USDT asset. Some key points:
- The price is in an uptrend, with the moving averages (MA and EMA) pointing up and supporting the rise - There was a recent trend reversal, with the price breaking the support line and forming a bullish bar pattern - The RSI indicator is in the neutral zone, indicating that the asset is not overbought or oversold at the moment - The volume has remained relatively stable, without major fluctuations that could signal a sudden reversal
Based on this price action analysis, I suggest a long entry in this asset, with a stop loss below the last broken support and a target close to the previous resistance. However, it is important to monitor the behavior of the next bars to confirm the continuation of the uptrend
Bullish Pattern Boosts PEPE’s Potential with 45% Price Surge to $0.000017
$PEPE could see a 45% price surge following the confirmation of a bullish pattern in recent market data. Bullish signals are generating an increase in buying interest, positioning PEPE for a significant rally in the market.
Traders are monitoring critical resistance levels that will determine PEPE’s ability to sustain upward momentum. The cryptocurrency market is witnessing renewed interest in $PEPE as the token shows potential for a notable rally. The recent confirmation of a bullish pattern suggests that PEPE could return to the $0.000017 level, marking a significant increase of over 45% from its current position.
In a recent post by Jovan Marks, a cryptocurrency analyst, bullish indicators for PEPE show a possible rally. One aspect of this analysis relies on the confirmation of a bullish pattern, which historically tends to indicate an increase in the asset’s price. According to Marks, PEPE confirmed a signal that implies a nearly +72% return back to the $0.000017 area, and a continuation beyond that could also follow. If these signals are confirmed, PEPE could see a substantial bounce, returning to its previous peak of $0.000017. This would represent a 45% increase, a notable recovery for the token. Several factors could contribute to this anticipated price increase. Technical confirmation of a bullish pattern is the main driver behind the optimism towards $PEPE . Such a pattern often increases buying interest, further pushing the price higher. Furthermore, the overall trend of the cryptocurrency market can directly influence it, as bullish trends in larger assets often encourage investors to explore alternative tokens like PEPE. Source: Crypto News Land
$ETH Analyzing the ETH/USDT pair chart, we can observe a well-defined uptrend based on price action. Despite persistent bearish moments, there is the formation of a sequence of ascending green bars, with few corrections, indicating buying strength in the market.
Some signs of a possible reversal, such as the formation of a double top pattern, suggest caution. However, the reaction of buyers in preventing the stop loss from being reached after the first attempt to break indicates solidity in the uptrend. Technical indicators, such as the RSI and MACD, also signal good momentum for the asset, reinforcing the prospect of continuation of the trend. Still, it is important to be aware of possible signs of exhaustion, such as the formation of a "buy climax" pattern.
Overall, price action suggests a robust uptrend, with some signs of a possible correction to be monitored. I recommend closely monitoring market behavior in the coming periods to identify the best strategy for entry, exit or maintenance of positions.
$HMSTR we can see a bearish trend based on the chart. The price has shown a sequence of bearish bars, suggesting a predominant downward trend.
However, a trend reversal is possible with the formation of a climactic bar pattern, indicating caution at the moment. It will be necessary to monitor the next bars to confirm whether this reversal materializes.
In general, the price action suggests a bearish scenario for Hamster in the short and medium term, with possible opportunities for a short entry. However, it is important to be aware of possible signs of a trend change, as the market can present volatility and unexpected reversals.
According to CoinMarketCap, the price before the listing on Binance was around 0.08865, having formed a price peak around 0.095 and quickly returned to the original level.
I recommend that you closely monitor the evolution of this asset and adjust your strategy as the market behavior unfolds. Avoid FOMO and wait for a correction for a long entry.
Stay disciplined in your analysis and trading decisions.
$BTC The weekly candlestick chart for BTC/USDT is forming some relevant patterns:
- Despite the corrections of the last few months, the asset is still in an uptrend, forming a bull flag. This pattern usually indicates a lateralization in the trend before a continuation;
- Despite the continuation of the rise, there are some signs of a weakening trend, such as the formation of a possible buy climax top with a parabolic curve in the last upward movements. This suggests caution with purchases at this level, it would be better to wait for the imminent correction;
- However, there is the formation of bullish reversal bars, which indicates that buyers are starting to enter again. This could signal a large upward movement (this movement would occur without a new correction) capable of breaking the current price levels and the current ATH;
- If the asset breaks above the resistance formed by the bull flag, this could indicate the resumption of the uptrend. Traders should be aware of this potential breakout and be aware of the possibility of a bull trap forming.
Therefore, although there are some signs of weakening, the overall scenario still seems favorable for buyers. An entry into a possible correction, with stops below the last swing, may be an interesting strategy. However, it is important to monitor the development of price action to confirm the continuation of the uptrend.
$NEIRO Want to take advantage of this currency's hype, but don't know if this is a good time to buy?
Let's raise some points to consider:
- The price is in a downtrend, with a sequence of bearish bars forming a descending channel: This suggests that sellers are in control of the market;
- There has been a rapid and sharp drop in recent periods, characterizing a possible "exhaustion" movement of sales: This may indicate a buying opportunity, but you still need to wait for confirmation;
- Technical indicators such as RSI and MACD are at low levels, signaling that the asset may be "oversold": although a good signal, this is not enough for a buy entry, as the market may remain in this state for some time.
Therefore, based on the price action analysis, I would not recommend a buy entry at this time. It would be prudent to wait for a confirmation of a trend reversal, such as the formation of a support pattern, before considering a buy position. The risk of a continued decline still appears high.