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Reading: Critical Technical Indicators Give Bullish Sign for DeFi Altcoin
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EdaFace Newsfeed > Latest News > Altcoin News > Critical Technical Indicators Give Bullish Sign for DeFi Altcoin
Altcoin News

Critical Technical Indicators Give Bullish Sign for DeFi Altcoin

vitalclick
Last updated: November 16, 2024 12:47 am
5 months ago
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Popular crypto analyst stated that the decentralized finance (DeFi) altcoin is preparing for a big breakout.

Analyst’s ViewsFuture of Ethereum

Analyst’s Views

Anonymous cryptocurrency analyst Credible Crypto announced to his followers on social media platform X that he saw bullish signals on the Curve Finance/BTC pair (CRV/BTC).

“I was waiting for this move by trading CRV for the last month and a half and it finally happened. With BTC locked in the $70,000-$90,000 range, it’s time for the big move I’ve been waiting for. “I opened a long position in CRV and expect a 150% upside towards our $0.58 target along with the higher timeframe bull divergence in CRV/BTC.” -Credible Crypto

CRV/BTC is currently trading at 0.00000336 BTC ($0.2954), down 1.75% in the last 24 hours.

Future of Ethereum

Analyst, Ethereum $3,096He suggested that ETH (ETH) could retest the $2,800 level and then surge towards the $4,000 range.

“On ETH, I plan to buy just below $2,800 and aim for an upside move to highs above $4,000. ETH/BTC has moved back to the higher timeframes in my area of ​​interest, so I think ETH will outperform BTC for a short period of time while BTC remains within the range. “A pullback of approximately 10% in BTC is required for ETH to take a position here.”

ETH is currently trading at $3,000 and is down 2.2% in the last 24 hours.

Carefully following technical indicators in crypto markets can provide important signals for investors. Analysts’ predictions can be helpful in understanding market movements, but caution is advised when making investment decisions.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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