Tag: Bullish

Analysts bullish on Everlodge, Cardano, and Klaytn

According to analysts, Cardano and Klaytn may recover in October after a lackluster performance in September. Meanwhile, after rallying 80% in August, experts maintain a bullish outlook on Everlodge in the ongoing presale. Everlodge rallying in presale ELDG, Everlodge’s native token, is up 80% in the first three presale stages, rising from $0.01 to $0.018.  At this pace, bulls expect more growth in the next few months.  Everlodge is a decentralized finance (defi) marketplace that allows investors to fractionally invest in vacation properties such as holiday homes, luxury villas, and hotels. …

Bitcoin price at risk? US Dollar index confirms bullish ‘golden cross’

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The Dollar Strength Index (DXY) achieved its highest level in nearly 10 months on Sep. 22, indicating growing confidence in the U.S. dollar compared to other fiat currencies like the British pound, euro, Japanese yen, and Swiss franc. DXY “golden cross” confir Moreover, investors are concerned that this surge in demand for the U.S. dollar might pose challenges for Bitcoin (BTC) and cryptocurrencies, although these concerns are not necessarily interconnected. U.S. Dollar Index (DXY). Source: TradingView The DXY index confirmed a golden cross pattern when the 50-day moving average surpassed the…

Will Bullish Momentum Or Bearish Pressure Prevail?

Litecoin (LTC) has spent the past week trading within a tight price range, with its value hovering steadily around the mid-range point of $64. The price action for LTC in September has remained primarily bearish, with sellers maintaining control over the market.  While LTC has a history of volatile price swings, recent times have seen it mirroring the sideways movement of the overall market, largely influenced by Bitcoin’s fluctuations, which rose from $25,000 to $27,000 before dropping to $26,000. As of the latest data from CoinGecko, Litecoin is currently trading…

ASO Bullish Cross Reveals Bull Run Start For XRP: Crypto Analyst

Renowned crypto analyst EGRAG Crypto has unveiled a fresh XRP price prediction, introducing the community to a less-known indicator, the “Average Sentiment Oscillator” or ASO. Commenting on its significance, EGRAG explained on Twitter today: “Exciting ASO Update Alert! Check out the post from September 9th to witness the impressive ascent and curve of the bullish trend! The momentum is ablaze, with an unstoppable surge toward that coveted bullish cross! #XRPArmy, HOLD STEADY! The imminent ASO bullish cross is the spark that will ignite the upcoming XRP bull run!” Here’s When…

“Paper BTC” Is Counteracting A Bullish Bitcoin Supply Shock, Analyst Explains

An analyst has explained how the growth in “paper BTC” could be counteracting a bullish Bitcoin supply shock from taking effect. Liquid Bitcoin Supply Has Dropped, But Paper BTC Is Still At Significant Levels In a new post on X, analyst Willy Woo shared insight into how the paper BTC compares against the real BTC being traded. According to the analyst, “paper BTC” refers to the combined futures open interest value. Here is a chart that shows the trend in the ratio between the two types of Bitcoin over the…

Anticipating A 25% Price Surge With Bullish Patterns

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Terra Luna Classic (LUNC) has been on the radar of crypto enthusiasts and investors, but its recent price performance has left many scratching their heads. Since mid-August, the altcoin has been caught in a pronounced downtrend, drawing the attention of traders worldwide.  This intriguing price movement is marked by the presence of two distinct descending trend lines, which have consistently acted as dynamic barriers of support and resistance. The continuous interplay between Terra Classic’s price and these trend lines has given birth to a descending channel pattern. This pattern, shaped…

Analysts bullish on Cardano, TRON, and Kangamoon

Emurgo CEO Ken Kodama plans to invest in 21 unexplored areas in Cardano (ADA). TRON (TRX) reached multi-week highs driven by increased daily transactions.  Meanwhile, experts are bullish on Kangamoon (KANG) as it leads the next generation of the play-to-earn (P2E) gaming scene. Summary Cardano is projected to reach $0.37 by the end of 2023 TRON can climb to $0.1 by the end of the year Kangamoon analysts are bullish, expect more gains on launch, and exchange listing Cardano outlook for Q4 2023 Emurgo plans to adopt a venture studio…

Bitcoin Maintains Price Above $27,000 as Predictions from Stakeholders Come In Bullish and Bearish

The price of Bitcoin is still above $27k as investors and stakeholders await monetary policy announcements from regulators worldwide. The price of Bitcoin stayed above $27,000 on Wednesday as most of the largest cryptocurrencies remained barely changed for the most part. The crypto market is likely reacting to investors holding out for official monetary policy announcements from central banks around the world. Earlier, BTC was unable to scale its 50-day moving average as it met with stiff resistance at $27,400. However, data from CoinMarketCap put the king coin at about…

PancakeSwap is resilient, experts bullish on Uniswap and Tradecurve Markets

Following its recent recovery, crypto analysts are bullish on Uniswap (UNI). PancakeSwap (CAKE) is also firm, finding support at a critical line. Meanwhile, Tradecurve Markets (TCRV) continues to gain momentum in its quest to better serve crypto traders in 2023.  Experts bullish on Uniswap Uniswap is a decentralized exchange (DEX) that is changing how traders swap tokens.  Launched in 2018 by Hayden Adams, Uniswap enables token swaps without intermediaries. Unlike most DEXs, it has a user-friendly interface and is community-centric. Following a bounce off the $4.00 support on Sep. 11,…