XRP has been consolidating inside a descending triangle pattern since topping out at its second-highest level to date — near $1.98 — in April 2021.
In doing so, the XRP/USD pair has left behind a sequence of lower highs on its upper trendline while finding a solid support level around $0.55, as shown in the chart below.
In the week ending March 13, XRP‘s price again tested the triangle‘s upper trendline as resistance, raising alarms that the coin could undergo another pullback move to the pattern‘s support trendline near $0.55, amounting to a drop between 25% and 30%. The downside outlook also takes cues from other bearish catalysts that have emerged around the triangle resistance.
For instance, XRP formed a bearish hammer on March 12, a single candlestick pattern with a small body and a long upside wick, suggesting lower buying pressure near the coin‘s week-to-date top of around $0.85.
In doing so, the XRP/USD pair has left behind a sequence of lower highs on its upper trendline while finding a solid support level around $0.55, as shown in the chart below.
In the week ending March 13, XRP‘s price again tested the triangle‘s upper trendline as resistance, raising alarms that the coin could undergo another pullback move to the pattern‘s support trendline near $0.55, amounting to a drop between 25% and 30%. The downside outlook also takes cues from other bearish catalysts that have emerged around the triangle resistance.
For instance, XRP formed a bearish hammer on March 12, a single candlestick pattern with a small body and a long upside wick, suggesting lower buying pressure near the coin‘s week-to-date top of around $0.85.
Ethereum price can still retest $3K this month.
On March 15, Ethereum developer Tim Beiko announced that they have successfully tested the “Merge” on the Kiln testnet, raising speculations that the protocol would completely switch from proof-of-work to proof-of-stake in Q2/2022.
The Merge’s launch to have Ethereum’s daily emission rate slashed from 12,000 ETH per day to 1,280, noting that the network’s “yearly inflation will go down from 4.3% to 0.43%” — equivalent of three Bitcoin halvings.
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On March 15, Ethereum developer Tim Beiko announced that they have successfully tested the “Merge” on the Kiln testnet, raising speculations that the protocol would completely switch from proof-of-work to proof-of-stake in Q2/2022.
The Merge’s launch to have Ethereum’s daily emission rate slashed from 12,000 ETH per day to 1,280, noting that the network’s “yearly inflation will go down from 4.3% to 0.43%” — equivalent of three Bitcoin halvings.
You can subscribe to ETH predictions on STIPS|Oculus. For the whole period based on 795 signals - 81% success
Avalanche price can double by summer as AVAX's 20% weekly rally rekindles 'bull flag'.
In a perfect scenario, bull flags resolve with a breakout move above their upper trendlines, followed by an extended uptrend, with the profit target at length equal to the size of the underlying asset's previous uptrend (also called flagpole).
That could have AVAX's price to undergo a similar upside move in the coming weeks, beginning with a close above its interim resistance of 20-week exponential moving average (20-week EMA; the green wave in the chart above) and later with a breakout above the flag's upper trendline.
As a result, AVAX may eye a run-up towards $157, up more than 100% from its current prices near $77.
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In a perfect scenario, bull flags resolve with a breakout move above their upper trendlines, followed by an extended uptrend, with the profit target at length equal to the size of the underlying asset's previous uptrend (also called flagpole).
That could have AVAX's price to undergo a similar upside move in the coming weeks, beginning with a close above its interim resistance of 20-week exponential moving average (20-week EMA; the green wave in the chart above) and later with a breakout above the flag's upper trendline.
As a result, AVAX may eye a run-up towards $157, up more than 100% from its current prices near $77.
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Traders Bet on Ether Staking After Ethereum 2.0 Upgrade.
Ether staking yields are likely to be in the range of 10% to 15% following the Ethereum 2.0 upgrade.
With the merge test run completed successfully, researchers expect the mainnet launch to happen by the end of June. Observers foresee increased institutional adoption once the Eth 2.0 upgrade is complete.
Lastly, the merge is likely to make ether a deflationary, or store-of-value asset, a narrative primarily tied to bitcoin.
Ether's pace of supply expansion has already slowed. The Ethereum Improvement Proposal (EIP)-1559 implemented in August introduced a mechanism to burn a portion of fees paid to miners. Since then, more than 2 million ETH – worth over $5.78 billion – have been destroyed, leading to a net supply reduction of 65.2%
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Ether staking yields are likely to be in the range of 10% to 15% following the Ethereum 2.0 upgrade.
With the merge test run completed successfully, researchers expect the mainnet launch to happen by the end of June. Observers foresee increased institutional adoption once the Eth 2.0 upgrade is complete.
Lastly, the merge is likely to make ether a deflationary, or store-of-value asset, a narrative primarily tied to bitcoin.
Ether's pace of supply expansion has already slowed. The Ethereum Improvement Proposal (EIP)-1559 implemented in August introduced a mechanism to burn a portion of fees paid to miners. Since then, more than 2 million ETH – worth over $5.78 billion – have been destroyed, leading to a net supply reduction of 65.2%
You can subscribe to ETH forecast on STIPS|Oculus: https://stipsoculus.com/
Digital asset manager Grayscale Investments has unveiled a new cryptocurrency fund dedicated to smart contract platforms excluding Ethereum, underscoring growing investor appetite for alternative blockchain networks.
The assets of seven smart contract platforms have been included in the fund: ADA, SOL, AVAX, DOT, MATIC, ALGO and XLM.
Ethereum’s dominance as the premier smart contract platform is being challenged by competitors that claim to offer superior transaction speeds, lower costs and higher throughput capacity. While Ethereum continues to dominate the decentralized application space, the DeFi industry is becoming a more level playing field. Currently, Ethereum accounts for just over 55.4% of the total value locked on DeFi protocols, down from over 96% in January 2021, according to DeFi Llama.
The assets of seven smart contract platforms have been included in the fund: ADA, SOL, AVAX, DOT, MATIC, ALGO and XLM.
Ethereum’s dominance as the premier smart contract platform is being challenged by competitors that claim to offer superior transaction speeds, lower costs and higher throughput capacity. While Ethereum continues to dominate the decentralized application space, the DeFi industry is becoming a more level playing field. Currently, Ethereum accounts for just over 55.4% of the total value locked on DeFi protocols, down from over 96% in January 2021, according to DeFi Llama.
Coinbase Expands Staking Offerings to Include Cardano.
You can begin earning rewards on your crypto. The current estimated annual return for Cardano staking on Coinbase is ~3.75% APY. Once your initial holding period completes (20–25 days), you’ll receive rewards in your account every 5–7 days.
You can begin earning rewards on your crypto. The current estimated annual return for Cardano staking on Coinbase is ~3.75% APY. Once your initial holding period completes (20–25 days), you’ll receive rewards in your account every 5–7 days.
Dogecoin signals bottoming out as DOGE rebounds 30% in two weeks
DOGE‘s price could swell by more than 150% on a classic bullish reversal setup known as the falling wedge.
DOGE‘s rebound from the wedge‘s lower trendline two weeks ago opens up its possibilities to continue the move upside toward the upper trendline — near $0.18. As such, breaking above the upper trendline further exposes Dogecoin‘s price rise toward $0.37, up more than 150% from today‘s price.
DOGE prediction success on STIPS|Oculus 89% based on 9 predictions
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DOGE‘s price could swell by more than 150% on a classic bullish reversal setup known as the falling wedge.
DOGE‘s rebound from the wedge‘s lower trendline two weeks ago opens up its possibilities to continue the move upside toward the upper trendline — near $0.18. As such, breaking above the upper trendline further exposes Dogecoin‘s price rise toward $0.37, up more than 150% from today‘s price.
DOGE prediction success on STIPS|Oculus 89% based on 9 predictions
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Terra’s LUNA Set New Highs of Nearly $106.
LUNA is one of the two native tokens of the Terra network, a framework that allows developers to create custom blockchains and build their own decentralized applications on top of Terra for various use cases.
Sentiment for LUNA has grown in the past month largely due to the Luna Foundation Guard, nonprofit that is purchasing over $3 billion worth of bitcoin as an additional layer of security for UST, Terra's decentralized stablecoin.
LUNA is one of the two native tokens of the Terra network, a framework that allows developers to create custom blockchains and build their own decentralized applications on top of Terra for various use cases.
Sentiment for LUNA has grown in the past month largely due to the Luna Foundation Guard, nonprofit that is purchasing over $3 billion worth of bitcoin as an additional layer of security for UST, Terra's decentralized stablecoin.
WAVES - the success of forecasts for the last 2 weeks based on 7 signals - 100%
Stablecoin management DeFi platform Neutrino emerges as the key factor behind WAVES' ongoing price rally. Neutrino allows the creation of decentralized stablecoins that maintain their U.S. dollar-peg by collateralizing WAVES tokens.
What's next? WAVES appears to have been breaking out of a bullish continuation pattern called a "bull flag." In detail, the chart pattern looks like a downward sloping channel that appears after a strong price move upward (called "flagpole"). In a perfect scenario, it resolves by breaking out toward the level at a length potentially equal to the flagpole's size. Applying the classic interpretation of the bull flag pattern to WAVES' ongoing price action suggests a continued price rally toward $100, as shown in the chart below. However, WAVES' weekly relative strength index (RSI) has turned overbought — a sell signal. That could have the WAVES/USD pair retrace towards $34 as its interim support level.
Stablecoin management DeFi platform Neutrino emerges as the key factor behind WAVES' ongoing price rally. Neutrino allows the creation of decentralized stablecoins that maintain their U.S. dollar-peg by collateralizing WAVES tokens.
What's next? WAVES appears to have been breaking out of a bullish continuation pattern called a "bull flag." In detail, the chart pattern looks like a downward sloping channel that appears after a strong price move upward (called "flagpole"). In a perfect scenario, it resolves by breaking out toward the level at a length potentially equal to the flagpole's size. Applying the classic interpretation of the bull flag pattern to WAVES' ongoing price action suggests a continued price rally toward $100, as shown in the chart below. However, WAVES' weekly relative strength index (RSI) has turned overbought — a sell signal. That could have the WAVES/USD pair retrace towards $34 as its interim support level.
According to the Golden Ratio Multiplier (GRM) metric BTC/USD reclaimed an essential support zone for securing further upside.
GRM is a long-term observational metric for Bitcoin price action. It is used to determine whether Bitcoin price growth is overstretched relative to its overall maturity as an asset in terms of adoption.
It does so using a log scale, which comprises Bitcoin’s 350-day moving average (DMA) and Fibonacci sequences to give multiples of that trendline.
As such, BTC/USD dropping below the 350DMA is a now conspicuous sign of outlier price action, as the vast majority of days have been spent above it since mid-2019.
The Golden Ratio Multiplier is an effective tool because it is able to demonstrate when the market is likely overstretched within the context of Bitcoin’s adoption curve growth and market cycles.
GRM is a long-term observational metric for Bitcoin price action. It is used to determine whether Bitcoin price growth is overstretched relative to its overall maturity as an asset in terms of adoption.
It does so using a log scale, which comprises Bitcoin’s 350-day moving average (DMA) and Fibonacci sequences to give multiples of that trendline.
As such, BTC/USD dropping below the 350DMA is a now conspicuous sign of outlier price action, as the vast majority of days have been spent above it since mid-2019.
The Golden Ratio Multiplier is an effective tool because it is able to demonstrate when the market is likely overstretched within the context of Bitcoin’s adoption curve growth and market cycles.
Post-Merge Ether Will Be a Commodity-Linked Bond, Could Rally to $10K, BitMEX Founder Says.
Ethereum's impending merge between the mainnet and the Beacon Chain proof-of-stake system to happen by end of June. Last month, developers successfully launched the testnet. Once the transition to proof-of-stake is complete, users will be able to set aside – or stake – coins in a cryptocurrency wallet to support network operations in return for newly minted coins. In other words, the staked ether becomes a revenue-generating asset, similar to a fixed-income security such as a government bond.
Ethereum's impending merge between the mainnet and the Beacon Chain proof-of-stake system to happen by end of June. Last month, developers successfully launched the testnet. Once the transition to proof-of-stake is complete, users will be able to set aside – or stake – coins in a cryptocurrency wallet to support network operations in return for newly minted coins. In other words, the staked ether becomes a revenue-generating asset, similar to a fixed-income security such as a government bond.
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Musk's Twitter investment also assisted Dogecoin in breaking out of a “falling wedge” pattern. DOGE‘s price could swell by more than 150% on a classic bullish reversal setup.
In detail, “falling wedges” are considered bullish reversal setups and appear when the price consolidates lower inside a range defined by two converging, descending trendlines while leaving behind a trail of lower highs and lower lows.
In a perfect scenario, falling wedges resolve after the price breaks decisively above their upper trendline. As it happens, traders typically eye a run-up toward the level that comes to be at length equal to the maximum distance between the wedge's upper and lower trendline.
As DOGE's price undergoes a similar pattern, its likelihood of continuing its uptrend has increased.
In detail, “falling wedges” are considered bullish reversal setups and appear when the price consolidates lower inside a range defined by two converging, descending trendlines while leaving behind a trail of lower highs and lower lows.
In a perfect scenario, falling wedges resolve after the price breaks decisively above their upper trendline. As it happens, traders typically eye a run-up toward the level that comes to be at length equal to the maximum distance between the wedge's upper and lower trendline.
As DOGE's price undergoes a similar pattern, its likelihood of continuing its uptrend has increased.
Chances of ETH price reaching $4,000 in April are also boosted by a classic technical pattern.
Dubbed "symmetrical triangle," the pattern usually forms when the price consolidates sideways inside a range defined by a lowering upper trendline and a rising lower trendline, following a sharp move upside or downside.
In an ideal scenario, the triangle resolves after the price breaks in the direction of its previous trend, and is thus considered a "continuation pattern."
However, symmetrical triangle breakouts do not necessarily result in a continuation trend. For instance, in the book Technical Analysis of Stock Trends, technical analysts Robert Edwards and John Magee note that about 25% of all symmetrical triangle breakouts lead to reversals, i.e., the price does not break in the direction of its previous trend, thus defying anticipations.
Ethereum's current breakout appears to be a reversal as it bounces to the upside instead of continuing its previous trend to the downside, as shown in the chart below.
Dubbed "symmetrical triangle," the pattern usually forms when the price consolidates sideways inside a range defined by a lowering upper trendline and a rising lower trendline, following a sharp move upside or downside.
In an ideal scenario, the triangle resolves after the price breaks in the direction of its previous trend, and is thus considered a "continuation pattern."
However, symmetrical triangle breakouts do not necessarily result in a continuation trend. For instance, in the book Technical Analysis of Stock Trends, technical analysts Robert Edwards and John Magee note that about 25% of all symmetrical triangle breakouts lead to reversals, i.e., the price does not break in the direction of its previous trend, thus defying anticipations.
Ethereum's current breakout appears to be a reversal as it bounces to the upside instead of continuing its previous trend to the downside, as shown in the chart below.
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WAVES - the success of forecasts for the last 2 weeks based on 7 signals - 100% Stablecoin management DeFi platform Neutrino emerges as the key factor behind WAVES' ongoing price rally. Neutrino allows the creation of decentralized stablecoins that maintain…
WAVES dropped from nearly $64 on March 31 to around $27.50 on April 7 — down by over 55%. As it fell, the WAVES/USD pair also broke below a key support confluence, hinting further correction.
Notably, the confluence comprises WAVES' 50-day exponential moving average (50-day EMA; the red wave) and the 61.8% Fib line of the Fibonacci retracement graph — drawn from $64-swing high to $8.34-swing low.
Now broken, they suggest that WAVES' path of least resistance is to the downside, with $25 acting as interim support due to its historical relevance as a price floor in October 2021 and March 2022.
Notably, the confluence comprises WAVES' 50-day exponential moving average (50-day EMA; the red wave) and the 61.8% Fib line of the Fibonacci retracement graph — drawn from $64-swing high to $8.34-swing low.
Now broken, they suggest that WAVES' path of least resistance is to the downside, with $25 acting as interim support due to its historical relevance as a price floor in October 2021 and March 2022.
67% of Cardano holders underwater.
Cardano’s ADA token has had a bearish week. Since Monday, the price has fallen 11.4%, resulting in more holders being in the red. More significantly, ADA is now 64.7% below its September 2 all-time high of $3.09.
9% of them are at a breakeven point.
The vast majority, or 76% of ADA holders, have held it for between one and 12 months. Just 11% of Cardano investors have held the token for more than a year, and those are the ones that are still in profit.
From a technical standpoint, ADA has turned bearish and could quite quickly revisit its 2022 and yearly low point of around $0.80.
The slide in prices could be tied to the network not living up to high expectations set around the launch of smart contracts. In terms of the numbers of DApps, Cardano is still somewhat of a wasteland, with DefiLlama reporting that there are just ten DeFi protocols running on the network with a combined total value locked of around $233 million.
Cardano’s ADA token has had a bearish week. Since Monday, the price has fallen 11.4%, resulting in more holders being in the red. More significantly, ADA is now 64.7% below its September 2 all-time high of $3.09.
9% of them are at a breakeven point.
The vast majority, or 76% of ADA holders, have held it for between one and 12 months. Just 11% of Cardano investors have held the token for more than a year, and those are the ones that are still in profit.
From a technical standpoint, ADA has turned bearish and could quite quickly revisit its 2022 and yearly low point of around $0.80.
The slide in prices could be tied to the network not living up to high expectations set around the launch of smart contracts. In terms of the numbers of DApps, Cardano is still somewhat of a wasteland, with DefiLlama reporting that there are just ten DeFi protocols running on the network with a combined total value locked of around $233 million.
Huobi, Kucoin Lead $250M Toncoin Ecosystem Fund
Along with Huobi Incubator and Kucoin Ventures, MEXC Pioneer Fund, 3Commas Capital, Orbs, TON Miners and Kilo Fund
Cameroon, the Democratic Republic of the Congo and the Republic of the Congo announced plans to adopt the TON blockchain amid the TONcoin Fund launch.
Along with Huobi Incubator and Kucoin Ventures, MEXC Pioneer Fund, 3Commas Capital, Orbs, TON Miners and Kilo Fund
Cameroon, the Democratic Republic of the Congo and the Republic of the Congo announced plans to adopt the TON blockchain amid the TONcoin Fund launch.
⚡️ Coinbase has published a list of potential cryptocurrencies for listing in Q2 2022.