Crucial On-Chain Trend Suggests Bitcoin Could See a Trend Reversal
Bitcoin could soon see a bullish trend reversal as an on-chain indicator suggests it will do so. The on-chain indicator has predicted a number of notable price trends over the past few years. For one, during 2017’s bull market, the indicator formed a number of bounces off the 1.0 reading. Other fundamental trends also suggest that the prevailing Bitcoin trend is bullish. Bitcoin Could See a Bullish Trend Reversal Very Shortly: Key On-Chain Analysis Bitcoin […]
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Crypto analyst Dark Defender has shared an extremely bullish technical analysis on XRP via X, suggesting a bullish reversal and the possibility of “God Candles.” The analysis uses a variety of technical indicators and chart patterns to project an optimistic outlook for XRP. XRP Price Poised For ‘God Candles’? The core of Dark Defender’s (@DefendDark) analysis is focused at two indicators which suggest a change of trend. The first one is the breakout above a descending trendline. This move is critical as it means that XRP eliminated its first key resistance and suggests a....
On-chain data shows the Bitcoin Apparent Demand metric has been recovering recently, but a trend of reversal hasn’t been confirmed yet. Bitcoin Apparent Demand Rising, But Still Remains Negative In a CryptoQuant Quicktake post, an analyst has talked about the latest trend in the Apparent Demand of Bitcoin. The “Apparent Demand” here refers to an […]
Polkadot’s price action is beginning to hint at a possible shift in momentum, with a reversal setup forming just below the critical $2.85 level. The bulls are gradually building pressure, eyeing a breakout that could confirm a change in trend. Still, the presence of strong resistance overhead means the coming sessions will be crucial in determining whether DOT can break free or face another rejection. DOT’s Downtrend Shows Signs Of Exhaustion As Buyers Eye A Short-Term Recovery Giving a follow-up on the expected path of DOT in the 4-hour timeframe, Elliott Waves Academy revealed that the....
Bitcoin price is still stuck well below $35,000 but any attempt to push prices below $30,000 are bought up in minutes. Eventually, one side will have to break, and according to a trend indicator, it could be in favor of bulls. The tool, which measures the strength of a trend, suggests that the more dominant […]
Ethereum price is at a stage of forming a hidden reversal of a long-term downward trend. The price is still in the area of high volatility. ETH/USD. Ethereum’s rebound from $10.5 can provoke an increase in volatility. Such a development of the upward trend can indicate a possible hidden reversal. That reversal is taking place at a subwave level when there is a clear advantage of one group of traders over the other. Two possible course of events. Break through $11.7 mark and continuation of growth towards $20. A confirmation of this scenario would be a fortification of Ethereum price above....