Tag: Parabolic

This Silver Fractal Suggests Ethereum Could Soon See a Parabolic Breakout

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The markets have favored the underdogs throughout the past week, with silver and Ethereum both outperforming their larger counterparts. Although there aren’t any noticeable connections between the two assets, their price action in recent times has been strikingly similar, and it does appear that ETH is forming a fractal pattern with the precious metal. If the fractal continues playing out, it would suggest that Ethereum is in for a massive rally higher in the days and weeks ahead. This rally could cause the crypto to incur some parabolic momentum, being…

After Parabolic Rally, Altcoins May Soon Retrace Against Bitcoin: Indicator

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Bitcoin dominance has been plummeting recently letting altcoins have their time in the crypto market spotlight for a change. But as altcoins begin to correct, BTC dominance is signaling that the asset is about to recover from the altcoin market’s rally against it. What does this mean for Bitcoin, and how will certain altcoins withstand the coming blow to their market share from BTC dominance? BTC Dominance Signals Buy, Potential Bull Flag Formation Could Wreck Alts BTC dominance is a metric that weighs the first-ever cryptocurrency against the rest of…

Even After Going Parabolic, Ethereum DeFi Tokens Have Room to Grow in China

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Ethereum’s decentralized finance (DeFi) tokens have been all the rage over recent weeks, with some literally rallying parabolically. Take the example of Aave’s LEND, which has gained in excess of 184.8% in the past 30 days and 7,500% in the past year. Or take the example of Synthetix Network Token (SNX), which is also up by almost 200% in the past month. With such strong price action, there have been some suggestions that DeFi is in a bubble poised to pop. Weiss Crypto Ratings, market research firm Weiss Ratings’ cryptocurrency…

Ethereum 2.0 Is Likely to Boost DeFi Further, Even After Parabolic Rally

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One of the hottest crypto trends over recent months has been Ethereum DeFi. Also known as decentralized finance, DeFi is the industry of building decentralized applications for financial services. As can be seen below, coins related to this sector have gone parabolic, outpacing Ethereum. Take the example of Aave’s LEND token, which is up by over 700% since the middle of April. Chart of Ethereum vs. top DeFi altcoins (Compound, Chainlink, Ren, Synthetix Network Token, and Aave’s LEND) over the past three-four months. Chart from TradingView.com According to a prominent…

Bitcoin Went Parabolic The Last Time This Happened

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The number of active Bitcoin (BTC) addresses just broke an important plateau. If history is anything to go by, this metric may indicate that we’re in for a parabolic bull run. On May 7, the number of active Bitcoin addresses exceeded 1 million for the first time since June 2019, when the price eclipsed $13,000. Prior to that, there have only ever been this many active addresses on the network during the historic bull run in late 2017. Number of Active Bitcoin Addresses. Source: Glassnode Surging interest in Bitcoin The…

Crypto Art Has the Potential to Go Parabolic

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Speaking at Virtual Blockchain Week in front of one of his colorful yet hypnotic canvas pieces, Vesa Kivinen, the creator of Art For Crypto, suggested crypto art could be just as much of an investment as any other digital asset. Passionately extolling some of philosophical benefits of crypto art, Kivinen was just as eager to explain the business side of the coin: “[Digital art] has many similarities to, let’s say, the very, very early Bitcoin. Those opportunities of holding on to the first 10x, and the 100x, and the 1000x…

Ethereum is Gearing Up for a Parabolic Push; Here’s How Far It May Run

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Ethereum has seen some immense bullishness today against Bitcoin, with the cryptocurrency firmly outperforming its peers as its buyers vie to shatter the resistance that has been firmly established around $198. This latest upside movement comes close on the heels of ETH’s recent rejection at this level, and its ability to rally while BTC consolidates seems to uncover some underlying strength amongst its bulls. One popular trader is now noting that he anticipates ETH to go parabolic against BTC in the days and weeks ahead. Ethereum Lays the Groundwork to…

Ethereum Breaking This Single Level Will Spark a Parabolic Rally

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Ethereum is gaining bullish momentum above $185 against the US Dollar. ETH is following bitcoin and it is likely to start a parabolic rally if it clears the $200 resistance. Ethereum is trading in a strong uptrend above the $182 and $178 support levels. The price is likely to surpass the $195 and $200 resistance levels in the near term. There is a key bullish trend line forming with support near $184 on the hourly chart of ETH/USD (data feed via SimpleFX). The bulls are likely to aim a larger…

Coronavirus Will Send Bitcoin ‘Parabolic’

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Bitcoin (BTC) ultimately stands to go parabolic after the coronavirus ends, the author of the world’s bestselling personal finance book says. In a tweet on April 15, Robert Kiyosaki, who penned “Rich Dad Poor Dad,” argued that the coronavirus pandemic was “great” for Bitcoin. Kiyosaki: BTC among “best investments” The largest cryptocurrency, which has broadly stabilized since crashing to $3,700 in mid-March, is now one of the “best investments” available. “US gov printing $10 trillion in FAKE US $ to save US. FED printing $10 trillion to save SHADOW Banks,”…

Why Bitcoin Holding This Crucial Level Will Set Stage for “Parabolic Advance”

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The past few days haven’t been too kind to Bitcoin, to say the least; the leading cryptocurrency has retraced (some have called it more of a crash) from $10,000 to as low as $8,520 in a dramatic fashion, liquidating millions of dollars worth of BitMEX positions.  Despite this, analysts remain optimistic. In fact, one top analyst, who has been calling the recent twists and turns of digital asset prices rather well, recently suggested BTC could be on the verge of a “new parabolic advance.” The catch? Bitcoin will need to…