Crypto analysis for BTC, ETH, EGLD, ADA and DOGE

Crypto market in the last 24 hours:

🌐 Global Market Cap: $4.09T (+1.58%)
📊 Total 24h Volume: $212.95B (+41.53%)
💰 DeFi Volume: $23.46B (11.02% of total volume)
🔒 Stablecoin Volume: $221.88B (104.17% of total volume)
💵 Bitcoin Dominance: 57.0% (-1.92%)

Bitcoin (BTC) Analysis

BTC looks bullish thanks to its bullish market structure. From the current price, a pullback can be expected, with the best entry zone around the bullish order block (OB) at 115,653 USD, which also aligns with the ascending channel support. For confirmation, it’s better to wait for a bullish pattern on the lower timeframe at this zone. If confirmed, upside targets are 117,076 USD and 118,656 USD.

Ethereum (ETH) Analysis

ETH could offer a solid pullback opportunity, as it has formed a Head & Shoulders pattern. For confirmation, we need a breakdown and candle close below the support zone at 4,558 USD. If that happens, we can expect downside targets at 4,521 USD and 4,478 USD.

MultiversX (EGLD) Analysis

EGLD trapped late sellers and then formed a W pattern with bullish divergence. At this stage, it’s better to wait for a retest of the breakout level at 14.14 USD. From there, upside targets are 14.59 USD and 15.05 USD.

Cardano (ADA) Analysis

ADA looks bullish as it’s respecting the 200 EMA and has formed an inverse Head & Shoulders pattern, increasing the probability of a bullish move. For confirmation, we need a breakout and candle close above the resistance zone at 0.954 USD. If confirmed, upside targets are 1.053 USD and 1.160 USD.

Dogecoin (DOGE) Analysis

DOGE looks bullish as it’s respecting the 200 EMA and has broken out of a falling wedge pattern. After that, it also broke out of consolidation. Currently, we can expect a retest of the consolidation breakout level at 0.2728 USD. If bullish confirmation shows there, upside targets are 0.2883 USD and 0.3041 USD.

📈 Our Short-Term Estimates (96H)

Disclaimer: These are our personal opinions, not financial advice. We invest our own money — and sometimes we lose. DYOR!

BTC - 1% to 2% - UP - FOMC Bullish News
ETH - 96H- 1% to 3%- UP - FOMC Bullish News
AVAX - 2% to 4%- UP - Breakout
XRP - 2% to 4%-UP - going to breakout
DOT - 2% to 4%- UP - Inverse head & shoulders

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This report issued by Tradesilvania is purely informative and is not intended to be used as a tool for making investment decisions in crypto-assets. Any person who chooses to use this report in the process of making investment decisions assumes all related risks. Tradesilvania SRL has no legal or other obligation towards the person in question that would derive from the publication of this report publicly.

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The information in this report was obtained from public sources and is considered relevant and reliable within the limits of publicly available data. However, the value of the digital assets referred to in this report fluctuates over time, and past performance does not indicate future growth.