Ethereum/ U.S. dollar(ETHUSD) Elliott Wave Technical Analysis 23 February 24
-
-
Posts
-
A few weeks ago, I stumbled upon Movement Network while exploring new blockchain innovations, and it completely shifted my perspective. The concept of combining Move-based security with the Ethereum ecosystem seemed ambitious, but their M2 ZK Layer 2 solution makes it feel achievable. I've always been cautious about blockchain vulnerabilities like reentrancy attacks, and the Move programming language addresses those concerns head-on. What's even better? Movement Labs makes it easier for developers by offering tools to convert Solidity scripts into Move opcodes. There is no need to rewrite entire codes. When I heard $MOVE was listed on BingX, I knew it was time to delve deeper. Right now, there's even a listing carnival where you can deposit, trade, and claim your share of 40,000 $MOVE. It’s not just about trading; it's about joining a network that’s shaping the future of blockchain with innovation and practicality -
By CryptoChamp · Posted
Solana (SOL) is making waves in December 2024, trading at $240.55, with a weekly gain of 2.42%. Despite a slight daily dip of 1.14%, the Solana crypto price has risen impressively by 3.29% over the past month, achieving a year-to-date increase of 1.9% and a stunning 29.91% quarterly gain. The current price of Solana remains near its recent all-time high of $263.83, recorded in November. Institutional interest in Solana coin price is surging, as evidenced by a 4.04% rise in derivatives Open Interest, now at $6.13 billion. Analysts attribute this growth to Solana’s scalability, low transaction costs, and expanding ecosystem of dApps and NFTs. The Sol crypto price is further supported by technical patterns like the cup and handle, which often precede upward momentum. Key support levels for the Solana price today lie at $230, with $420 projected as a potential festive season target. The Solana price now benefits from robust market fundamentals, such as strong RSI (66.11) and MACD (9.22) readings, signaling sustained buying interest. With Bitcoin nearing $100,000, alternative cryptocurrencies like Solana are poised for continued growth, making the Sol price prediction increasingly optimistic. -
By tradinglounge · Posted
Coffee Elliott Wave Analysis Coffee has recovered from the late November sharp drop. The next breakout will see it trading at the highest prices since the 1970s. For many decades, prices have been in a $300-wide range. Is it about to break the range and reach for new highs? Daily Chart Analysis On the daily chart, the price is evolving into a double zigzag structure from the January 2023 low of $141.85. Wave ((W)) in April 2024 followed by a dip for wave ((X)) which ended in May 2024 where wave ((Y)) started. It now appears the price is upside along the path of wave (Y) of ((Y)). This shows room for more upside for buyers before a significant pullback follows. H4 Chart Analysis On the h4 chart, the price appears to have completed wave A of (Y) and perhaps wave B in early December if the current rally progresses above wave A high. Thus, the commodity will most likely advance toward $385 in the coming days. With this, a new record high should happen. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!
-
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now