Crypto analysis for BTC, ETH, EGLD, LINK and BNB

Crypto market in the last 24 hours:

🌐 Global Market Cap: $3.24T (-0.52%)
📊 Total 24h Volume: $172.23B (+57.16%)
💰 DeFi Volume: $15.92B (9.24% of total volume)
🔒 Stablecoin Volume: $151.95B (88.21% of total volume)
💵 Bitcoin Dominance: 58.8% (+0.06%)

Bitcoin (BTC) Analysis

BTC has formed a descending channel along with a W pattern and bullish divergence, all of which increase the probability of a bullish move. For confirmation, we need a breakout and candle closing above the resistance zone of 96,772 USD. If this happens, we can expect potential targets at 100,071 USD and 103,449 USD.

Ethereum (ETH) Analysis

ETH has formed a falling wedge pattern along with bullish divergence, which increases the probability of a bullish move. For confirmation, we need a breakout and candle closing above the resistance zone of 3,271 USD. Once confirmed, we can expect potential targets at 3,448 USD and 3,610 USD.

MultiversX (EGLD) Analysis

EGLD has formed a descending channel along with bullish divergence, which increases the probability of a bullish move. For confirmation, we need a breakout and candle closing above the resistance zone of 9.04 USD. Once confirmed, we can expect potential targets of 9.61 USD and 10.37 USD.

Chainlink (LINK) Analysis

LINK has formed a descending channel and a W pattern in formation along with bullish divergence, all of which increase the probability of a bullish move. For confirmation, we need a breakout and candle closing above the resistance zone of 14.53 USD. Once confirmed, we can expect the targets of 15.49 USD and 16.40 USD.

Binance Coin (BNB) Analysis

BNB is looking bullish as it has broken out of the resistance trendline, retested it, and formed a W pattern, all of which increase the probability of a bullish move. For confirmation, we need a breakout and candle closing above the resistance zone of 949.5 USD. Once confirmed, we can expect the targets of 980.0 USD and 1,010.3 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 - At support
ETH - 1% to 3%- UP - At support
AVAX - 2% to 4%- UP - At support
AAVE - 2% to 4%- UP - At support
ALGO - 2% to 4%- UP - At support

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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.

The content provided on the Tradesilvania website is for informational purposes only and should not be considered as investment advice, financial advice, trading advice, or any other form of advice. We do not endorse or recommend the buying, selling, or holding of any cryptocurrency. It is important that you conduct your own research and consult with a financial advisor before making any investment decisions. We cannot be held responsible for any investment choices made based on the information presented on our website.

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.