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Crypto Strategist Predicts Big Bounces for Bitcoin and One Ethereum Rival – Here Are His Targets

The crypto analyst who called the end of the crypto bull market is now predicting big bounces for Bitcoin (BTC) and Ethereum (ETH) challenger Solana (SOL). Popular crypto strategist Pentoshi tells his 612,000 Twitter followers that after nearly a year, he’s no longer extremely bearish on Bitcoin. “Hard to switch bias after being a doomer […]

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Crypto News

Can WAVES Flow Back From Its Low Ebb And Reclaim $4.6?

The month of September for WAVES didn’t look good as the coin registered a sharp downward pattern. The market is looking bearish as WAVES slipped below the key $4.6 level. Crypto market looking bearish for WAVES  WAVES key support retests the $4.3 zone OBV shows a weakening in selling volume Bitcoin, the king of crypto, climbed to $19.8K, forcing the retreat of the bears and allowing the bulls to recharge. In the event that Bitcoin nosedives lower than $19K, this could inevitably pull the other cryptocurrencies down with it. On the other hand, WAVES has shown some improvement as it dashes above the $4 zone in the last two days.   Waves is a multi-purpose blockchain platform which supports different types of use cases including decentralized applications and smart contracts. The blockchain platform’s native token is WAVES, an uncapped supply coin used for payments such as block rewards. $4.3 Revisited As Key Resistance Zone Based on the 4-hour chart, WAVES was able to recover and jump to the $4.3 level following its recent correction. In the next days, WAVES price is seen to bounce back in the $4.5-$4.6 range. A couple of days ago, the key support found at $4.3 have been revisited as a key resistance zone. Related Reading: Dogecoin (DOGE) Is On Top Of Whales’ Menu – Here’s Why Source: TradingView.com Earlier, its price has once again dropped below the $4 range. On the 1-hour chart, it retreated once again or back to the $4.3 level following its latest setback. The price on the higher timeframes is seen to be massively bearish than bullish. Additionally, the market is now leaning toward the sellers as noted in the past few weeks. WAVES was aiming to hit the $4.3 mark a few days ago but was barred and pushed towards the $3.9 mark instead. With that being said, going long in the $4.02 support level wouldn’t be a wise move, especially with the risks involved. With the token unable to clutch strongly on the $4 zone, this led to the bears gaining enough traction to dominate. Additionally, a selling opportunity is predicted to occur once a retest is done on the $4 mark. Related Reading: Polkadot Suffers 10% Weekly Loss On Hawkish Fed – Time To Buy DOT? WAVES RSI Falls Below 50 According to CoinMarketCap, WAVES price is up by 2.53% or trading at $4.01 as of press time. The Fibonacci retracement levels at the $4.0 and $4.09 range can hinder the buyers’ intent to press on the gas in terms of prices. The token’s relative strength index is seen to have traversed below 50 further strengthening the validation of bearish momentum. Also, the CMF is seen to have dropped beneath the -0.06 level showing the rapid loss of capital. In terms of On Balance Volume, the token seems to signify weakened selling as seen in the past few days. More so, the OBV also shows that there is no indication of a sharp pullback. The price is seen to have plunged below the $4 mark. It was seen to pause at the $3.94 level which means a retest at the $4 mark could tick off a selling opportunity. Crypto total market cap at $902 billion on the daily chart | Source: TradingView.com Featured image from The Coin Republic, Chart: TradingView.com (The analysis represents the author’s personal views and should not be construed as investment advice).

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5 leading web3 Entrepreneurs from Australia and New Zealand share their exponential success and advice

5 leading web3 Entrepreneurs from Australia and New Zealand share their exponential success and advice

These following entrepreneurs have not only scaled significant opportunities in the web2 market but have also transitioned and applied their genius in the web3 and crypto space. Already in just a short few years and months, they have created incredible success and communities. Five of the fastest upcoming names share their insights into web3 and […]

Crypto News

Ethereum Protects $1,200 with Blood, Will This Region Hold?

ETH price holds above $1,200 as bulls don’t want to let go of a price below key support  Price continues to trade below 50 and 200 Exponential Moving Average (EMA) on the daily timeframe.  ETH price bounced on the four-hourly chart after a bullish divergence appeared. The price of Ethereum (ETH) has shown less bullish sentiment after its much anticipated “Ethereum Merge.” Ethereum saw its price plummet against tether (USDT) following the Federal Open Market Committee news (FOMC). The Federal Reserve raised its target interest rate by 75 bps, negatively affecting the price of ETH. (Data from Binance) Related Reading: Why “Low” Capitulation Might Hint At More Pain For The Bitcoin Price Ethereum (ETH) Price Analysis On The Weekly Chart  The price of ETH continues to struggle to keep its head afloat after seeing the weekly candle closing bearish, with the new week looking more bearish ahead of the expected FOMC meeting.  ETH price tried showing some relief bounce ahead of the new week as price moved to a region of $1,370, but this bounce was cut short as the news of an increased rate hike harmed the price seeing the price of ETH to a weekly low of $1,250 before bouncing off that region as price reclaimed $1,300.  The price of ETH needs to move to a high of $1,500 to remain safe from falling lower to its crucial support. If the price of ETH continues with this structure, we could see the price of ETH breaking the support of $1,200 and going lower to a region of $1,024, where there is more demand for ETH price. The price of ETH is currently faced with resistance to breaking above $1,324; If ETH fails to break and hold above this support zone, we could see the price going lower to its $1,200 key support and lower if this support fails to hold off sell orders.  Weekly resistance for the price of ETH – $1,324. Weekly support for the price of ETH – $1,200. Price Analysis Of ETH On The Four-Hourly (4H) Chart The 4H timeframe for ETH prices continues to move in range as price retested a low of $1,250; the price of ETH bounced from this region after forming a bullish divergence as price rallied to a high of $1,320 before facing resistance to breaking higher.  The price of ETH needs to reclaim $1,400 for a chance to trend higher. On the 4H timeframe, the price of ETH is currently trading at $1,310, just below the 50 and 200 Exponential Moving Average (EMA), acting as resistance for ETH price. The price of $1,400 and $1,540 corresponds to the resistance at 50 and 200 EMA for the price of ETH. The price of ETH needs to reclaim 50 EMA for a chance to trend to $1,500. The Relative Strength Index of ETH is below 50, indicating fewer buy orders. Four-hourly resistance for the ETH price – $1,400. Four-hourly support for the ETH price – $1,200. Related Reading: Algorand Price Moves Against The Tide, ALGO Rises 22% In One Week Featured Image From Istock, Charts From Tradingview

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Highly Anticipated Cardano (ADA) Vasil Hard Fork Upgrade Scheduled To Go Live in Matter of Hours

Ethereum (ETH) challenger Cardano’s (ADA) much-anticipated Vasil hard fork upgrade is set to roll out today with plans for developers to use its new capabilities by next week. Input Output Hong Kong (IOHK) and its CEO Charles Hoskinson say that the mainnet update is ready to launch. “A joint [Input Output Global] and [Cardano Foundation] […]

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Crypto News

Bitcoin Taps $18,100, Why This Is Dangerous For The Market?

BTC price tabs $18,100 for the second time as price respect weekly downtrend.  Price continues to trade below 50 and 200 Exponential Moving Average (EMA) on the daily timeframe.  BTC price bounced on the four-hourly chart after a bullish divergence appeared. The price of Bitcoin (BTC) has had a rough week against tether (USDT) as the price plummeted following the Federal Open Market Committee news (FOMC). Following the news that the Federal Reserve raised its target interest rate by 75 bps, the price of Bitcoin (BTC) fell from $19,700 to a region of $18,100. (Data from Binance) Related Reading: Solana Price Continues To Trade Laterally With Signs Of Further Depreciation Bitcoin (BTC) Price Analysis On The Weekly Chart  The price of BTC continues to struggle to keep its head afloat after seeing the weekly candle closing bearish, with the new week looking more bearish ahead of the expected FOMC meeting.  BTC price tried showing some relief bounce ahead of the new week as price moved to a region of $19,500, but this bounce was cut short as the news of an increased rate hike harmed the price seeing the price of BTC drop to previous all-time high causing worry as this has been a strong support zone for the price of BTC. If the price of BTC continues to tap this region of $18,100, it will weaken the support, and we would likely revisit lower support areas of $17,500-$16,000, acting as high-demand zones. For BTC’s price to restore its bullish move, the price needs to break and hold above $24,000 as the price has continued to respect the downtrend resistance on the weekly chart preventing the price of BTC from trending higher since falling from its all-time high.  The price of BTC is currently faced with resistance to breaking above $19,500; If the price of BTC fails to break and hold above this support zone, we could see the price going lower to its $18,100 support and lower if this support fails to hold off sell orders.  Weekly resistance for the price of BTC – $19,500. Weekly support for the price of BTC – $18,000-17,500. Price Analysis Of BTC On The Daily (1D) Chart The daily timeframe for BTC prices continues to move in range in an asymmetric triangle; the price of BTC needs to break out of this range with good volume for the price to trend to a high of $20,800.  On the daily timeframe, the price of BTC is currently trading at $18,900 below the 50 and 200 Exponential Moving Average (EMA), acting as resistance for BTC price. The price of $20,800 and $28,000 corresponds to the resistance at 50 and 200 EMA for the price of BTC. The price of BTC needs to reclaim 50 EMA for a chance to trend to $22,000. Daily resistance for the BTC price – $20,800. Daily support for the BTC price – $18,100. Related Reading: Bitcoin Dumps After Revisiting June Lows, Where Does The Bottom Lie? Featured Image From Quit falling, Charts From Tradingview