Tag: Parabolic

After Parabolic Rally, Cosmos (ATOM) Just Formed a Textbook Sell Signal

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Cosmos (ATOM) has been one of the best-performing crypto assets of the past few weeks. The prominent altcoin has gained dozens of percent against the dollar and against BTC over recent weeks, setting new all-time highs. In the past 24 hours, the asset is up 3.6% and up 20% in the past seven days. Cosmos may be poised to reverse, though, with the Tom Demark Sequential printing a textbook sell signal. Related Reading: These 3 Trends Suggest Bitcoin Is Poised to Bounce After $1,000 Drop Cosmos (ATOM) Prints Reversal Signal Cosmos…

Ethereum Transaction Fees Are Going Parabolic as DeFi Continues Ascent

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Ethereum transaction fees have continued to surge as decentralized finance (DeFi) has continued its ascent to the crypto mainstream. Fees are getting so high that there are many starting to assert that solutions are necessary, lest Ethereum loses market share to other smart contract blockchains by crowding out a retail audience. Related Reading: “Rich Dad Poor Dad” Author: Bitcoin Could Soon Become the “Fastest Horse” Ethereum Transaction Fees Continue Ascent On Tuesday, five developers rolled out the latest craze in DeFi: Yam.finance, whose native token is YAM. The protocol is an…

XRP Is Poised to See a Parabolic Explosion to $0.93

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XRP has been seeing mixed price action in recent times. After seeing an explosive rally up to highs of $0.32, the cryptocurrency hit some insurmountable resistance that slowed its ascent and caused it to enter a consolidation phase. The cryptocurrency has now been struggling to break above $0.30, and it does appear that bears have built some resistance around this price. If buyers do surmount this level in the near-term, they then must shatter the resistance that sits around its recent highs of $0.32. One analyst is noting that he…

Analysts Expect Parabolic Tezos (XTZ) Rally as Price Passes Above $3.40

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Tezos (XTZ) is breaking out despite stagnation in the prices of Bitcoin, Ethereum, and other leading major cryptocurrencies. The price of the community-favorite altcoin is up 10% in the past 24 hours, surmounting a pivotal resistance in the $3.40 region. Tezos’ ongoing breakout is convincing many analysts that more upside is in the works. Traders have been going as far as to say that the altcoin could literally double in the weeks ahead, citing similar explosive rallies in other altcoins like Chainlink (LINK). Related Reading: Crypto Tidbits: Bitcoin Explodes Past $11k,…

XRP Price Could Soon Rally 30% Towards $0.40 After Parabolic Surge

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Over the past 24 hours, many facets of the altcoin market have ripped higher as Bitcoin, Ethereum, and XRP have entered a short-term consolidation pattern. As reported by NewsBTC, Chainlink (LINK) posted a 40% one-day performance at one point in the past 24 hours. Countless other altcoins, even other large-caps, posted similarly as impressive performances. XRP, as aforementioned, did not participate in this rally. According to Coin Market Cap data, the third-largest cryptocurrency has gained a mere 0.40%, underperforming Bitcoin’s 1.2% performance. Analysts think the asset will soon rip higher,…

XRP is Struggling to Break Key Resistance; Will This Stop It from Going Parabolic?

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XRP has been incurring some incredibly strong price action throughout the past few days, allowing it to erase some of the underperformance it had been experiencing throughout the past several weeks. The cryptocurrency is now pushing up against a crucial resistance level that has yet to be broken above for an extended period of time. One analyst is noting that this level may continue acting as strong resistance in the days ahead, with another rejection here potentially doing significant damage to its near-term outlook. There is one striking fractal that…

BlockTower’s CIO Predicts Hyperinflation Could Send Bitcoin Parabolic

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Ari Paul, CIO and co-founder at crypto hedge fund BlockTower Capital, believes Bitcoin’s next parabolic move will soon be triggered by hyperinflation caused by the monetary policies of central banks.  According to Paul, the Federal Reserve will eventually need to devalue the dollar as a means to pay its increasingly high sovereign debt.  In that scenario, according to Paul, we’ll enter a period of hyperinflation similar to the Great Inflation in the 1970s. During such an event, investors could move their wealth away from dollars and Treasury bonds and into…

Why Bitcoin’s 3-Day Candle Close Could Lead to a “Parabolic Advance”

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Bitcoin is currently expressing intense signs of strength as its price pushes up towards the $12,000 region. Although it has yet to breach this key level successfully, its strong overnight upswing does seem to indicate that a move higher is imminent in the near-term. This strength is likely rooted in the bullish monthly close that the benchmark cryptocurrency was able to post yesterday. This was the first time in three years that Bitcoin was able to close its monthly candle above $10,700. Many analysts are now noting that this may…

This Fractal Suggests XRP is on the Cusp of Seeing a Parabolic Rally

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XRP was able to incur some decent momentum earlier this week that sent it into the mid-$0.25 region. Despite climbing from its recent sub-$0.20 lows, the cryptocurrency’s uptrend is still underwhelming compared to those seen by Bitcoin, Ethereum, and many of its other peers. The lack of enthusiasm surrounding the embattled token is quite significant at the moment, and it is now struggling to surmount the heavy resistance it faces at $0.25. Bulls did try to shatter this level yesterday, but their attempt failed and resulted in a somewhat firm…

Ethereum Hits $320 as Price Goes Parabolic: What Analysts Think Comes Next

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Ethereum is ripping higher after having broken past the pivotal $250 resistance earlier this week. As of this article’s writing, the asset trades for a few dozen basis points shy of $320 — a price almost 30% higher than that of five days ago. ETH’s latest leg higher has brought it to a new year-to-date high. Earlier this year, in February, the asset topped at around $290 before proceeding to plunge to $88. This latest move, then, has been a breath of fresh air for bulls. Chart of ETH’s price…