#BZRXBTC
BZRX formed rounding bottom and continues its uptrend from the last price drop. One can buy if it gives breakout above the resistance.
BZRX formed rounding bottom and continues its uptrend from the last price drop. One can buy if it gives breakout above the resistance.
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A grim outlook for the flagship cryptocurrency is the 365-day Market Value to Realized Value (MVRV) model, which suggests more room for a downside move.
This fundamental index measures the profit/loss of investors who purchased BTC in the past year. While the recent crash tanked MVRV from 118% to 1.77%, there is a chance that it will dip into negative territory, aka the opportunity zone.
Such a move will suggest that the short-term investors are selling, providing an “opportunity” for the long-term holders to accumulate.
This fundamental index measures the profit/loss of investors who purchased BTC in the past year. While the recent crash tanked MVRV from 118% to 1.77%, there is a chance that it will dip into negative territory, aka the opportunity zone.
Such a move will suggest that the short-term investors are selling, providing an “opportunity” for the long-term holders to accumulate.
#ETHUSDT
We just continue forming an inverse head & shoulders, looking for the blast off once we flip the neckline of the pattern.
We just continue forming an inverse head & shoulders, looking for the blast off once we flip the neckline of the pattern.
#DEFIUSDT
Eyes on DEFI, if the Symmetrical Triangle is broke upside we can consider entering the coin.
Eyes on DEFI, if the Symmetrical Triangle is broke upside we can consider entering the coin.
Ethereum’s price is currently below the $2500 level, however, it is nearly 12% higher than last week.
Since the 3-month implied and realized volatility is at 7%, based on the following chart, implied and realized volatility has remained above the average from March and April. This is a metric that supports Ethereum’s long-term bullish narrative.
In the long-term, the focus may be on the fundamental strength and increased network activity, despite the competition that Ethereum faces from the L2 scaling solutions.
Since the 3-month implied and realized volatility is at 7%, based on the following chart, implied and realized volatility has remained above the average from March and April. This is a metric that supports Ethereum’s long-term bullish narrative.
In the long-term, the focus may be on the fundamental strength and increased network activity, despite the competition that Ethereum faces from the L2 scaling solutions.