This trend has historically appeared near the end of bear markets, per CryptoQuant analyst Darkfost.
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#YBUSDT 1D
Keep a close eye on the #YB daily chart. The price is on the verge of breaking above the wedge resistance and the Ichimoku Cloud. A confirmed breakout above these key resistance levels could trigger a bullish move toward the following upside targets:
π― $0.1097
π― $0.1361
π― $0.1574
π― $0.1788
π― $0.2091
π― $0.2478
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
Keep a close eye on the #YB daily chart. The price is on the verge of breaking above the wedge resistance and the Ichimoku Cloud. A confirmed breakout above these key resistance levels could trigger a bullish move toward the following upside targets:
π― $0.1097
π― $0.1361
π― $0.1574
π― $0.1788
π― $0.2091
π― $0.2478
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
#ZKUSDT 1D
#ZK appears to have bottomed out and is showing signs of preparing to exit oversold RSI territory. The price is currently trading within a falling wedge pattern. A confirmed breakout above the wedge resistance and the Ichimoku Cloud could trigger a bullish move toward the following upside targets:
π― $0.01051
π― $0.01260
π― $0.01429
π― $0.01598
π― $0.01838
π― $0.02144
β οΈ Always use a tight stop-loss and apply proper risk management.
#ZK appears to have bottomed out and is showing signs of preparing to exit oversold RSI territory. The price is currently trading within a falling wedge pattern. A confirmed breakout above the wedge resistance and the Ichimoku Cloud could trigger a bullish move toward the following upside targets:
π― $0.01051
π― $0.01260
π― $0.01429
π― $0.01598
π― $0.01838
π― $0.02144
β οΈ Always use a tight stop-loss and apply proper risk management.
Digital Chartist
#GPSUSDT 1D #GPS is breaking out above both the falling wedge resistance and the daily SMA200 on the daily chart. The potential upside targets are: π― $0.00871 π― $0.00985 π― $0.01078 π― $0.01171 π― $0.01302 π― $0.01470 β οΈ Always remember to use a tight stopβ¦
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BlackRock sees a shift in sentiment around Bitcoin.
According to head of digital assets Robert Mitnick, #BTC has started to perform noticeably better against the backdrop of the AI sector's decline β and this reinforces its role as a diversification tool.
According to head of digital assets Robert Mitnick, #BTC has started to perform noticeably better against the backdrop of the AI sector's decline β and this reinforces its role as a diversification tool.
That helps explain why price has been so sticky here.
There is an enormous amount of recent investor cost basis packed into a very tight range.
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#ONGUSDT 1D
#ONG has broken above the descending resistance on the daily timeframe with strong volume. It is currently testing the 50-day SMA, which we expect it to break above soon as well. A confirmed breakout above the SMA50 could trigger a bullish move toward the following upside targets:
π― $0.04855
π― $0.05352
π― $0.05754
π― $0.06155
π― $0.06727
π― $0.07456
β οΈ Always use a tight stop-loss and apply proper risk management.
#ONG has broken above the descending resistance on the daily timeframe with strong volume. It is currently testing the 50-day SMA, which we expect it to break above soon as well. A confirmed breakout above the SMA50 could trigger a bullish move toward the following upside targets:
π― $0.04855
π― $0.05352
π― $0.05754
π― $0.06155
π― $0.06727
π― $0.07456
β οΈ Always use a tight stop-loss and apply proper risk management.
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A fairly quiet week on the macro front, yet the whale inflow ratio on Binance just hit a new record.
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The second channel is more mechanical. Three-month futures basis, the yield on the cash-and-carry trade that anchors institutional participation in crypto, has been paying less than a 2-year Treasury since February. Only one other stretch on record has run this long, from August 2022 into January 2023, and it ended at the cycle low.
When Treasuries out-yield the basis, the desks that supply leverage, depth and volume to this market have little reason to be here. Much of what follows in the off-chain section looks downstream of that one spread.
When Treasuries out-yield the basis, the desks that supply leverage, depth and volume to this market have little reason to be here. Much of what follows in the off-chain section looks downstream of that one spread.
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