Technical Analysis of Bitcoin, Ethereum, EGLD, LINK and FIL

Crypto market in the last 24 hours:

👍 Global crypto market cap: $3.96T (+1.60% ⬆️)
📊 Total market volume 24h: $158.35B (+6.32% ⬆️)
⚙️ DeFi volume: $18.69B (11.81% of total)
💵 Stablecoins volume: $152.53B (96.33% of total)
🟠 Bitcoin dominance: 57.32% (-0.09% ⬇️)

Bitcoin (BTC) analysis

BTCUSD has shown a bullish Change of Character (CHoCH) and broken the resistance trendline, while also forming an inverse head & shoulders pattern supported by bullish divergence. However, we are expecting a retest of the support zone at 111,947.00 USD (~102,500 EUR) for confirmation.
If the retest holds, the next targets are:

114,738.00 USD (~105,100 EUR)
118,721.00 USD (~108,700 EUR)

Ethereum (ETH) analysis

ETHUSD has broken out of a falling wedge pattern but is currently consolidating in a range. For confirmation, ETH needs to break and close a candle above the resistance zone at 4,498.00 USD (~4,120 EUR).
If confirmed, the probability of a bullish move increases, with targets at:

4,679.00 USD (~4,280 EUR)
4,910.00 USD (~4,490 EUR)

MultiversX (EGLD) analysis

EGLDUSD has broken out of a falling wedge and formed an inverse head & shoulders pattern with bullish divergence, which increases the chances of a bullish move. Confirmation comes only if the price breaks and closes above the resistance at 14.52 USD (~13.30 EUR).
If confirmed, the targets are:

15.14 USD (~13.90 EUR)
15.83 USD (~14.50 EUR)

Chainlink (LINK) analysis

LINKUSD has broken out of a falling wedge and formed an inverse head & shoulders pattern with bullish divergence, increasing the probability of an upward move. Confirmation requires a breakout and close above the resistance at 24.07 USD (~22.00 EUR).
If confirmed, the next targets are:

26.04 USD (~23.80 EUR)
28.04 USD (~25.60 EUR)

Filecoin (FIL) analysis

FILUSD shows bullish potential due to its falling wedge structure with bullish divergence. For confirmation, the price needs to break and close above the resistance at 2.62 USD (~2.40 EUR).
If confirmed, the targets are:

2.98 USD (~2.70 EUR)
3.38 USD (~3.10 EUR)

Estimation (96H outlook)

BTCUSD: +1% – 2% ⬆️ – Breakout of crucial resistance
ETHUSD: +1% – 3% ⬆️ – Breakout of range expected
AAVEUSD: +2% – 4% ⬆️ – Falling wedge
ALGOUSD: +2% – 4% ⬆️ – At support
XRPUSD: +2% – 4% ⬆️ – Falling wedge breakout

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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.