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

Crypto market in the last 24 hours:

🌐 Global Market Cap: $3.11T (+3.94%)
📊 Total 24h Volume: $148.50B (+11.95%)
💰 DeFi Volume: $14.76B (9.94% of total volume)
🔒 Stablecoin Volume: $130.49B (87.88% of total volume)
💵 Bitcoin Dominance: 58.6% (-0.5%)

Bitcoin (BTC) Analysis

BTC is likely to take upside liquidity, and there is a high probability that before doing so, the price will consolidate and form a bull flag type structure. If this consolidation happens and we get a breakout with a candle close above the resistance zone at 91,913 USD, then the next targets become 92,730 USD and 93,510 USD.

Ethereum (ETH) Analysis

ETH has formed an ascending channel along with bearish divergence, which increases the probability of a bearish move. For confirmation, we need a breakdown and a candle closing below the support zone at 3,026 USD. Once that happens, we can expect the next targets at 3,002 USD and 2,976 USD.

MultiversX (EGLD) Analysis

EGLD has formed a W pattern, which increases the probability of a bullish move. Still, we need confirmation through a breakout and candle close above the resistance zone at 8.06 USD. After that, the next targets are 8.29 USD and 8.51 USD.

Ripple (XRP) Analysis

XRP has broken out of the resistive trendline and formed an inverse head and shoulders pattern, both of which increase the probability of a bullish move. For confirmation, we need a breakout and candle close above the resistance zone at 2.30 USD. Once confirmed, we can expect targets at 2.43 USD and 2.59 USD.

Cardano (ADA) Analysis

ADA has formed an ascending channel following a bearish move, giving it the structure of a bear flag. For bearish continuation, we need confirmation through a breakdown and a candle closing below the support zone at 0.405 USD. After that, the potential targets become 0.386 USD and 0.367 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 - Liq available above
ETH - 1% to 3%- DOWN - Pullback expected
LINK - 2% to 4%- DOWN - Pullback expected
APE - 2% to 4%- DOWN - Bear Flag
SUSHI - 2% to 4%- DOWN - Bear Flag

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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.