Crypto Market update and analysis for BTC, ETH, EGLD, SUI and AAVE - April 15, 2024
Crypto Market in the last 24h:
π Global market cap: $2.42T (+3.81%)
π Total volume 24h: $117.91B (-31.35%)
π DeFi volume: $10.39B (8.81% of total volume)
π± Stablecoins volume: $108.47B (92.00% of total volume)
π Bitcoin dominance: 53.85%
Bitcoin (BTC) Analysis
Weβve observed the formation of a W pattern in BTC, indicating a potential reversal from a bearish to a bullish trend. This pattern often acts as a bear trap, especially after a breakdown of previous lows and supportive trendlines. To confirm this bullish scenario, weβll be closely watching for a breakout above the level of 66,288 USD. Once this breakout occurs, it could signal the beginning of a bullish momentum, with potential targets at 68,536 USD and 70,450 USD.
Ethereum (ETH ) Analysis
ETH is showing a formation of a cup and handle pattern, a bullish sign indicating a potential bullish move. To confirm this pattern, weβre looking for a breakout above the level of 3,236 USD. Once this breakout occurs, it could pave the way for further upward movement, with potential targets at 3,437 USD and 3,553 USD.
MultiversX (EGLD) Analysis
Weβve identified the formation of a W pattern in EGLD. We can also see a cup and handle pattern in this case. This setup suggests a potential bullish move ahead. Confirmation of this pattern would come with a breakout above the price level of 41.99 USD. If this breakout occurs, it could signal further upward momentum, with potential targets at 44.76 USD and 47.98 USD.
Sui (SUI) Analysis
SUI has formed an inverse head and shoulders pattern, indicating a potential reversal in the current trend. To confirm this pattern, weβll be looking for a breakout above the level of 1.246 USD. If the price manages to surpass this level, it could signal further upward movement, with potential targets at 1.352 USD and 1.451 USD.
Aave (AAVE) Analysis
AAVE has formed a cup and handle pattern. To confirm this pattern, weβll be looking for a breakout above the level of 91.47 USD. If the price successfully breaks above this level, it could indicate a further upward movement, with potential targets at 98.59 USD and 104.83 USD.
All cryptocurrencies are available for trading on Tradesilvania , and their prices can be seen on the Tradesilvania price page, accessible through the following link: https://tradesilvania.com/en/prices
With the help of our platform, you can deposit, withdraw, buy or sell any of these cryptocurrencies using the free digital wallet. SEPA Top-up (On-Ramp & Off-Ramp) Euro and RON instant transfers and over 100 cryptocurrencies, are all available in our app.
Limitation of Liability
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.
Total or partial reproduction of this report is permitted only by mentioning the source.