Hello, Traders! As a cryptocurrency trader seeing this chart and not being a part of AAVEs growth can be frustrating. LEND is currently up 1700% since the start of the year, seeing the cryptocurrency at similar prices as the 2018 bull run. Although will this huge growth continue? Or is LEND showing signs of a slowdown? LEND has recently broken its upwards trend...
Hello, Traders! Today, we're gonna look at the COMPOUND decentralized protocol. COMP had a great start finding its all-time low early on at $61 (still a 100% return from the $30 USD ICO). COMP then began to be listed onto various exchanges and was subjected to ferocious buying activity seeing COMP soar all the way to $372 USD only 6 days after the token ICO...
Ethereum Classic (ETC) is currently stuck in a sideways trading period. However this could change should ETC manage to continue its recent upwards momentum. A breakout from $7.4 USD is needed for ETC to break away from this channel. ETC currently has bullish momentum: - Heikin Ashi - GREEN - BULLISH - MACD - POSITIVE CROSSOVER - BULLISH - Descending...
Hello, Traders! One of the suggested reasons why this mini-rally has taken place was because of the soon to be released ETH2.0. With the new ETH event set to take place by the end of 2020, the cryptocurrency community is getting excited over the new possibilities which ETH2.0 offers. One of the main features of ETH2.0 is increased scalability. Scalability is...
Hello, traders! In last week’s analysis, we ran through BTC’s potential Wyckoff distribution stage. Looking through the basics of Wyckoff market cycles while analyzing the potential cycle which is occurring, as demonstrated below. Showing that BTC could be potentially overbought. During this report it was stated that BTC could see an imminent drop, that BTC was...
Hello, traders! Today I want to share my thoughts on the XLM / USD pair. Stellar has seen a huge growth in recent weeks. This occurred due to XLM breaking out positively from a descending wedge formation with a bullish trend before. The descending wedge had multiple verification points of contact. As can be seen, this descending wedge had a positive breakout....
Hello, Traders! Today, I'm going to show you the trend I followed with the CHAIN LINK. LINK has been one of the fastest-growing cryptocurrencies of 2020, but will this growth continue? Various indicators are stating that the growth will continue and that this move down is simply a retracement. Continued buying suggests continued bullish movement is ahead with...
BTC has recently become very hard to dissect, this is due to the lack of volatility. BTC has moved within a 10% trading range over the past month, failing to break above $10500 USD or below $8500 USD. A different type of trading method/outlook may be needed in order to see which direction BTC wants to move. Looking at BTC currently, it appears as though the...