Bitcoin Weekly Forecast: $35,000 or $23,000, which CME gap gets filled first?
Bitcoin price has been consolidating since the May 12 crash and has stayed relatively flat from a macro standpoint. As a result of this consolidation, BTC could be preparing for a volatile move that will shock investors.
Assessing the direction of Dogecoin price trend to identify trading opportunities
Dogecoin price is unfolding with a triangle’s declining trend line and horizontal support. This coiling up is likely to result in a volatile breakout that will either propel DOGE or result in a steep correction. So, investors need to be patient and wait for a confirmation of the directional bias before leaning to either side.
Why a US May job report could be favourable for Ethereum price
Ethereum (ETH) price has had a rocky ride these past few days from global markets turmoil as EU oil sanctions hit Russia and the US dollar got thrown around the forex space. This week’s global volatility spilled into Ethereum price action with which it is highly correlated. Now that ETH price is back in the distribution zone, bulls are buying in, which could create a shortage of supply below $1,928.89, and trigger a rally in ETH price aided by the c counterweight of dollar weakness (ETH is priced in dollars) following US job numbers, which are expected to undershoot this afternoon.
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Ethereum (ETH) price is likely going to witness a massive spike in volatility soon due to the circumstances surrounding the approval of the token’s futures Exchange-Traded Fund (ETF). According to Twitter users, the ETF is likely going to be approved on October 2.
Ripple Price Forecast: Declining network growth and underwater XRP holders suggest more downside for XRP price
Ripple (XRP) price shows a lack of buying pressure after its win against the US Securities and Exchange Commission (SEC) on July 13. Since then, the remittance token has been on a downtrend. Considering Ripple’s current position, a further decline would not be surprising.
Chainlink Price Prediction: LINK bears set to wipe 25% gains
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Chainlink price shows an exhaustion of the bullish momentum as it approaches a key reversal zone. This development could see LINK trigger a steep correction that could undo recent gains.
Bitcoin: BTC downside likely after 20-week EMA culls bulls
Bitcoin (BTC) bearish price fractal, as discussed in a previous article, is underway, but the lack of volatility is causing ambiguity and doubt. Regardless, BTC might see a bit of an upside before the long-term bearish scenario plays out.