There are now minutes left until the Fed interest rate decision is announced, and according to Davis, the expected break in the ETHBTC parity has now occurred. SEI and XRP Coin charts are warning. Today, we will watch 3 important charts just minutes before the interest rate decision and try to understand what awaits us.
ETHBTC Break
After months of downward trend ETHBTC The downward trend in parity was reversed again. At least that’s what it looks like from Davis’ perspective, and while the pair is far from this year’s peak, it promises more. The analyst sharing the chart below is hopeful for the altcoin season as the MACD is gaining momentum. If the rise in ETHBTC parity continues, this may give altcoins a return opportunity.
Most analysts now think that the usual four-year cycle story will not continue. Sherpa also joined this caravan today.
“I think the 4-year cycles are over and the overall outcome is that we will probably see higher bases (i.e. no BTC declines over 70% like in the past), but we will also see much lower spikes (like 2017, like 2021). With each passing year, I think it will become harder and harder to make big gains.”
This has more to do with ETF investors now becoming more dominant than exchanges, and exchange-based volatility shifting to leverage rather than spot.
XRP and SEI Coin
XRP Coin lost the key $2.08 support and BTC Although it is in good shape, the decline is disturbing. An increase in volatility is expected following the Fed’s statements, and the general picture in altcoins tells us that they are preparing for deeper bottom wicks. The analyst with the pseudonym DaanCrypto is From SEI Coin hopeful.
“SEI has been trading in this narrow range for the last 3 weeks. We have seen a divergence to a higher low below. In case of a break above the high of the range and resistance, I would expect a stronger move. Especially after such a long price range and squeeze.”
This Xiaomi news could help provide the momentum it needs for this breakout. “This will provide access to a huge new market, so I’m curious to see how this will help the adoption of the ecosystem.”
A next-generation financial app powered by Sei and designed for stablecoin payments will be integrated into the Xiaomi mobile ecosystem and will come pre-installed on new devices. This good news came a few hours ago.
Columbus thinks there is no problem for XRP Coin in the short term.
“Looks clean on LTF – good consolidation occurring.
There isn’t much data yet, but if we break the local trend line and reverse it, I’ll be looking for a long-term position. We are also at the low of the local range, so there will be a simple range to range movement towards the tops.
Short-term trend: upward unless this bottom breaks.”
