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

Crypto market in the last 24 hours:

🌐 Global Market Cap: $3.75T (-3.66%)
📊 Total 24h Volume: $182.83B (+4.51%)
💰 DeFi Volume: $42.43B (23.21% of total volume)
🔒 Stablecoins Volume: $176.44B (96.50% of total volume)
💵 Bitcoin Dominance: 61.1% (-3.58%)

Bitcoin (BTC) Analysis

BTC has broken out of a descending channel, with liquidity positioned at higher levels. For confirmation of this bullish setup, a breakout and candle closing above the resistance zone at 118,728 USD is required. If this level is breached, it would validate the pattern and open the path to potential upside targets at 119,223 USD and 119,782 USD.

Ethereum (ETH) Analysis

ETH has trapped sellers and subsequently formed a W pattern accompanied by bullish divergence, both increasing the probability of a bullish move. However, confirmation is needed through a breakout and candle closing above the resistance zone at 3,885 USD. If that breakout occurs, the pattern would be validated, with potential targets at 3,951 USD and 4,016 USD.

MultiversX (EGLD) Analysis

EGLD has broken out of a falling wedge pattern accompanied by bullish divergence, signaling a potential bullish move. If the price pulls back to the support zone at 15.14 USD and forms a bullish candlestick pattern, it would strengthen the confirmation of the breakout. In that case, we can expect potential upside targets at 15.58 USD and 16.12 USD.

Ripple (XRP) Analysis

XRP has broken out of a descending channel, trapped sellers, and formed a W pattern with bullish divergence, all of which support a bullish continuation. Still, confirmation is needed through a breakout and candle closing above the resistance zone at 3.16 USD. If that happens, potential targets are 3.23 USD and 3.31 USD.

Chainlink (LINK) Analysis

LINK has broken out of a resistive trendline with bullish divergence, successfully breaking above the resistance zone at 17.95 USD and retesting it as support. This confirms strong bullish intent and increases the probability of continuation toward 18.59 USD and 19.24 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 - Liquidity available above
ETH - 1% to 3%- UP - Liquidity available above
SUI - 2% to 4%- UP - W pattern breakout
ALGO - 2% to 4%- UP - Bullish breakout
SOL - 2% to 4%- UP - Bullish breakout + bullish divergence

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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.