Since the previous Bitcoin Impulse wave analysis got very long, here the subsequent analyses for Bitcoin Upward waves will be presented. Anyway, continuing from the last analysis; the correction started when Bitcoin touched the major channel's upper line and the horizontal resistance area (The chart of previous analysis is provided for reference in blow). There...
It seems FTT is oscillating in a wide sideway channel. Price is currently at the bottom and have to wait to breaks the downtrend line in order to goes up. Let's see what happens. P.S. Be careful, Since the FTX Token crashed due to the fraud news.
EGLD need no introduction as its project promises unique features as well as its price skyrocketed due to increasing popularity. EGLD's corrective wave didn't dropped much, currently price resting at 0.382 Fibonacci level and been oscillating at this level for a while. Have to wait and see if price can break upward and start a new impulse wave or going down...
Mines of Dalarnia is a play-to-earn game with procedurally generated levels, where the task is to uncover the secrets of the Dalarnia universe. Users explore territories, mine resources, and fight enemies. Players in the Dalarnia universe make a profit by collecting rare items and trading them on the marketplace, completing quests and tasks, winning battles,...
Tellor is a decentralized, transparent and permissionless oracle protocol that supplies data that can be requested, validated and put on-chain permissionlessly with data reporters competing for incentives of TRB. Data reporters bring valuable information on-chain for a wide range of DeFi applications. Anyway, TRB analysis is straightforward; after TRB made a 5...
XEN Crypto, like many crypto project, been in a downtrend move since the birth. However, XEN's price behavior have changed in the past 2 months and significant growth occurred. After the upward impulse wave finished, price entered a corrective wave which unfolded in a downtrend channel; Now, it seems price may breaks this channel. Let's see what happens. Note;...
Ideaology is a blockchain project that strives to connect Innovators, developers and investors connected in one platform to create an ecosystem which covers four steps from initial idea to crowdfunding. Anyway, IDEA was mostly in a downtrend since the beginning. Recently, IDEA broke the long downtrend line, and it seems an upward phase is about to start. Let's see...
Injective is one of the famous pioneers of layer-one blockchain for finance, in which user can build and use the Web3 applications. Anyway, Injective also was the first (or one of the first) altcoin which started the next upward/impulse wave sooner than others; and it seems INJ is making an inverted harmonic pattern. If this harmonic pattern takes place, major...
DODO which makes DeFi liquidity more accessible, uses its own proactive market-maker algorithm to offer better liquidity and price stability instead of automated market makers, which many other DEXs use. Anyway, DODO has been in a downtrend for a while. However, recently the price has broken the downtrend line upward and then retracted to make another minor...
Akash Network is an open network that lets users buy and sell computing resources securely and efficiently. Purpose-built for public utility. Leveraging the power of blockchain technology, Akash Network has developed an open-source, decentralized marketplace for cloud computing, offering an unprecedented level of speed, efficiency, and affordability. Anyway, AKT...
LSS has been moving down in a descending channel. Once again the price has reached the upper line of the channel. If the channel breaks, a major ascending wave can be expected.
BENQI is a decentralized noncustodial liquidity market as well as a liquid staking protocol built on the high-speed Avalanche smart contract network. The lending protocol allows users to lend, borrow, or earn interest using their digital assets. The Liquid Staking protocol provides a solution for capital efficiency, offering users the opportunity to unlock their...
Rune is another crypto project which has great features and possibly a bright future. After the corrective wave hit 0.382 Fibonacci retracement, it seems Rune is oscillating. It is too soon to conclude that the corrective wave is finished, it might go further down. However, there are two lines, one horizontal and another a downtrend, which can help us figure this...
Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot. Moonbeam makes it easy to use popular Ethereum developer tools to build or redeploy Solidity projects in a Substrate-based environment. Anyway, Moonbeam been in a downtrend since the beginning. Recently, it seems GLMR made a reversal and now breaking major horizontal area. If successful,...
Solana needs no introduction as this coin has already proven to be on many people's popular lists. Besides its high-volume trading and great features, its technical analysis is also interesting. After Solana's upward wave finished, a corrective wave, a long one, started. Now, it seems the corrective wave has ended at 0.5 Fibonacci retracement. Also, the correction...
Enjin is moving in an ascending, wide channel. Recently, the harmonic pattern ended, and ENJ broke the downtrend line too. Then ENJ reached the bottom of the channel and bounced off it. Let's hope ENJ breaks the minor downtrend line and see what happens.
Stargate Finance chart is interesting; an ascending channel in which STG bounces off from lower and upper lines. Also, it seems the previous two sharp uptrend waves were followed by downtrend waves which unfolded in curved way. Could the trend be repeated and we see another sharp uptrend wave? Let's see what happens.
MovieBloc is a decentralized movie and content distribution platform driven by the Korean video streaming platform Pandora TV. Anyway, MBL has formed a big triangle pattern and it seems a strong upward wave has started from the bottom of this pattern and going up. Let's see if MBL can break this triangle upward or not.