Avalanche nears key breakdown level that could sink AVAX price by another 65%

avalanche-nears-key-breakdown-level-that-could-sink-avax-price-by-another-65%

Strongly bearish fundamentals act as tailwind to Avalanche’s technically bearish setup. Avalanche (AVAX) gained 0.5% to reach over $31 on May 23 but AVAX price remains trapped inside a trading range that appears like a “bear pennant” structure. Avalanche could get buried technicals  Bear pennants are bearish continuation patterns, i.e., they resolve after the price … Read more

Ethereum preparing a ‘bear trap’ ahead of the Merge — ETH price to $4K next?

ethereum-preparing-a-‘bear-trap’-ahead-of-the-merge-— eth-price-to-$4k-next?

An ascending triangle setup promises major price rebound in the Ethereum price in 2022. Ethereum’s native token, Ether (ETH), continues to face downside risks in a higher interest rate environment. But one analyst believes that the token’s next selloff move could turn into a bear trap as the market factors in the possible release of … Read more

Cosmos price rebounds 45% in one week despite Terra’s debacle — what’s next for ATOM?

cosmos-price-rebounds-45%-in-one-week-despite-terra’s-debacle-—-what’s-next-for-atom?

ATOM’s ascending triangle setup opens up the possibility for another major crash by June 2022. Cosmos (ATOM) emerges as the biggest gainer among the top cryptocurrencies this May 20, brushing aside the fears about its association with Terra (LUNA), an algorithmic stablecoin project whose market valuation fell by 99% last week. Cosmos TVL down from … Read more

Here’s why Terra’s snowball effect could send Avalanche (AVAX) price to $15

here’s-why-terra’s-snowball-effect-could-send-avalanche-(avax)-price-to-$15

The collateral damage of Terra’s collapse could continue to impact Avalanche price, especially considering that the Luna Foundation Guard holds 1.97 million AVAX tokens. Avalanche (AVAX) has emerged as one of the worst-performing cryptocurrencies among the top-ranking tokens in the last 24 hours, partially due to fears connected to Terra (LUNA) and it’s a near-dead … Read more

Yield Curves, Inversion, The Eurodollar And Bitcoin

yield-curves,-inversion,-the-eurodollar-and-bitcoin

With indications of inflation appearing on the horizon, how can bitcoin serve as a safeguard against the impact? What is the yield curve? What does it mean when it’s inverted? What is yield curve control (YCC)? And how does the eurodollar fit into all this? Inspirational Tweet: Link to tweet thread. As Lyn Alden explains … Read more

Aave price risks a 25% plunge as a classic bearish reversal pattern emerges

aave-price-risks-a-25%-plunge-as-a-classic-bearish-reversal-pattern-emerges

A handful of concerning factors, plus AAVE’s correlation with the Nasdaq, increases the possibility of the altcoin undergoing another massive sell-off. Technical analysis suggests that a recent uptrend in the price of Aave (AAVE) is showing signs of exhaustion based on early development of a classic bearish reversal pattern. Is AAVE headed to $70? Dubbed … Read more

3 reasons why Cardano can sink further despite ADA price bouncing 58%

3-reasons-why-cardano-can-sink-further-despite-ada-price-bouncing-58%

A mix of fundamental and technical indicators suggests more pain for Cardano bulls ahead. Cardano (ADA) pared a big portion of the weekly losses incurred during this week’s crypto market rout.  ADA’s price reached an intraday high of $0.60 on May 13, a day after rebounding from its week-to-date low of $0.38 — a 58% … Read more