What This Pattern Spells For Ethereum In The Coming Weeks, Pullback In The Ca...
Ethereum had seen some uptrend that had sent the price up at the start of the week, finally breaking above $3,000 once more. However, the digital asset has had a hard time maintaining this position in what it showing to be a ‘takeout.’ Raoul Pal, CEO, and co-founder of Real Vision, recently presented his analysis on the digital asset, explaining when and how a breakout might occur. Where Is Ethereum Headed? Taking a look at the inverse head and shoulders pattern that began forming on Tuesday, Pal points to this pattern which was still confirming but still showed some indicators for the....
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Ether has printed a classic bullish reversal pattern against Bitcoin weeks before the Merge launch date. Ethereum's native token Ether (ETH) has rebounded 40% against Bitcoin (BTC) after bottoming out locally at 0.049 on June 13. Now, the ETH/BTC pair is at two-month highs and can extend its rally in the coming weeks, according to a classic technical pattern.ETH paints cup and handle patternSpecifically, ETH/BTC has been forming a "cup and handle" on its lower-timeframe charts since July 18. A cup and handle setup typically appears when the price falls and then rebounds in what appears to....
Ethereum could undergo a stronger drop in the days ahead, analysts say, as the cryptocurrency slides below key support levels. Ethereum Loses Key Support Level on a Short-Term Basis: Analysis A crypto-asset analyst shared the chart below just recently, showing how the coin has moved below a rising wedge pattern. It is still in a decent spot on a weekly time frame though may face an intra-day pullback, the chart suggests. “$ETH $ETHUSD #Ethereum – […]
Solana market grapples with multiple bearish setups if it breaks below its key 50-week moving average. Solana (SOL) risks crashing 35% in the coming days as it comes closer to painting a so-called "megaphone" pattern.SOL price "megaphone" patternIn detail, megaphone setups consist of a minimum of lower lows and two higher highs and form during a period of high market volatility. But generally, these patterns consist of five consecutive swings, with the final one typically acting as a breakout signal.SOL has been sketching a similar pattern since the beginning of 2022, with the coin....
Spells of Genesis remains one of the most interesting projects to make use of blockchain technology. The reason for this is quite simple: the project has been in development for quite some time now, and the team recently released the early beta for their mobile card game. This early beta release also marks the second milestone for Spells of Genesis since....
How do you regain your mantle as champion of a genre you pioneered? Everdreamsoft’s answer is Spells of Genesis (SoG), an innovative new mobile trading card experience combining arcade ease and its own, innovative currency for iOS and Android devices. A Look Into Spells of Genesis. Everdreamsoft’s first foray into trading card gaming (TCG) was with 2009’s Moonga, garnering 250,000-plus downloads and being one of the first free-to-play experiences on the AppStore. Now they’re pushing the mobile gaming envelope once again by focusing the most important aspect of any gaming experience: The....