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RT @trader_tim_: If there was anything anywhere I’d long it is $ETH in the zones drawn on chart. Green is a daily FVG. Blue is h4 demand. C…

According to PANews, while many anticipate Bitcoin reaching $140,000, the situation may not unfold as expected. Historical analysis and market data suggest a potential slight decline for Bitcoin. The 'golden cross,' a technical indicator occurring when the 50-day moving average surpasses the 200-day moving average, is typically seen as a bullish signal. However, historical data indicates that Bitcoin often experiences a 10% drop following a golden cross before rebounding to new highs. For instance, in February 2021, Bitcoin fell 10% within seven days after the 50-day moving average crossed above the 200-day moving average. Similarly, in March 2024, Bitcoin dropped 11% before surging to a new high. This pattern suggests that the golden cross may serve as a strategic shakeout by major players to eliminate weak hands, paving the way for a genuine price breakout. This breakout often triggers a wave of buying, fueled by FOMO (fear of missing out), further driving the price upward. Recently, Bitcoin experienced an 8% pullback, consistent with past trends, followed by a rebound, indicating strong buying interest around the $104,000 to $105,000 range. However, upward momentum above $110,000 appears to have waned. Looking ahead, if Bitcoin maintains support at $105,000, it could aim for the $150,000 mark, continuing the golden cross pattern. Conversely, a drop below $100,000 might lead to a minor retreat to the $90,000 to $95,000 range. For those without a position, now may be an opportune time to enter the market, as the short-term outlook remains bullish. However, a cautious approach is advised, focusing on strong blue-chip cryptocurrencies like Bitcoin, Ethereum, and Solana, along with select promising altcoins such as Cookie, W, and IOTA. For those already invested, it is recommended to adhere to their existing strategy, whether it involves selling or increasing their holdings.

DOGEUSD Fibonacci Channel shows minimum $1 Target end of year. Dogecoin (DOGEUSD) has held perfectly its 1W MA200 (orange trend-line) on the April 07 bottom, rebounded and is now consolidating around its 1W MA50 (blue trend-line). This consolidation shouldn't last for too long as based on the previous Cycles, this 1W MA200 test was the new bottom that should kick-start the final year rally. As you can see, DOGE's historic pattern since its first trading day has been a Channel Up, which with the added element of the Fibonacci lines, only broke during the 2021 Top formation on its 1.5 Fib extension. A key characteristic of the final year of each Bull Cycle is that after a 1W Golden Cross is formed, the price has always first hit the Mayer Multiple Bands (MMB) 2SD above (thin orange trend-line) and shortly after the MMB 3SD above (thin red trend-line). So far the current Cycle has only hit the MMB 2SD because as the pace of this Cycle naturally slowed down (the higher the cap the slower the pace), it didn't go straight for a MMB 3SD test. Despite the delay, the Fibonacci Channel along with the MMB give, in our opinion, two Target levels for this final year of the Cycle, a fair one and an optimistic. The fair one is at $1.00, which would make a perfect test of both the MMB 3SD and the 1.0 Fib ext at the top of the Channel Up. The optimistic is at $3.5 (potentially even higher), which would be exactly on the 1.618 horizontal Fibonacci extension (still below the 1.5 Channel Fib), which was the January 2018 Cycle Top and of course was greatly exceeded during the May 2021 Cycle Top.

Cardano rebounds to test resistance at $0.69 as technical indicator flashes a buy signal. A minor increase in the derivative Open Interest to $831 million suggests growing trader interest in ADA. Cardano's DeFi TVL continues to decline after briefly peaking at around $415 million on May 11. Cardano's (ADA) price has reversed upwards after testing support at $0.65, trading at $0.69 at the time of writing on Tuesday. The slight rebound occurs amid consolidation in the broader crypto market and tensions in the global macroeconomic environment, primarily caused by uncertainty surrounding United States (US) tariffs. Cardano upholds a bullish structure The sell-off in the crypto market last week saw ADA drop to test support at $0.65 before reversing the trend on Monday. Uncertainty surrounding US tariffs, following a court's ruling against President Donald Trump's tariffs, sent shockwaves, triggering a cascade of losses. While an appeals court temporarily suspended the ruling that blocked the implementation of tariffs, uncertainty remains. Cardano's rebound from $0.65 support confirmed to traders that gains could extend toward the supply-rich region at $1.00. Moreover, a 2.2% increase in the derivatives market Open Interest (OI) to $831 million over the past 24 hours suggests growing interest in ADA, particularly with trading volume remaining above the $1 billion mark. Futures traders on Exchanger have a bullish bias, as indicated by a long-to-short ratio of 2.83. At the same time, the liquidation of approximately $198,000 of long positions in the last 24 hours, compared to roughly $394,000 in shorts, signals a potential short squeeze likely to trigger a larger rebound in ADA price. Technically, Cardano showcases a bullish structure underpinned by a buy signal from the SuperTrend indicator. This trend-following tool utilizes the Average True Range (ATR) to gauge market volatility. A buy signal is confirmed when the price of ADA flips above the SuperTrend line, with the color of the line changing from red to green. Traders can utilize this indicator as a dynamic support and resistance level, which currently supports Cardano's bullish outlook. The Relative Strength Index (RSI), although below the 50 midline, shows signs of reversing the trend upwards. Should the ADA price break above the immediate hurdle at $0.70, the potential return of the RSI above 50 would mean a stronger bullish momentum. Cardano's dwindling DeFi TVL could slow its recovery Despite the bullish outlook, traders should tread carefully, as the Moving Average Convergence Divergence (MACD) indicator reflects bearish sentiment, having sent out a sell signal on May 17. This calls for traders to consider selling ADA manifests when the blue MACD line crosses beneath the red signal line. At the same time, the persistent drop in Cardano's Decentralized Finance (DeFi) Total Value Locked (TVL) to approximately $317 million, after peaking briefly at around $414 million on May 11, shows that investor confidence in the ecosystem is falling. Investors often withdraw their digital assets from smart contracts with the intention of selling. A lower TVL suggests a decline in the adoption of the protocol within the DeFi ecosystem, which translates to low demand for ADA used to pay transaction fees, stake, and participate in governance. $ADA

Cardano Price Forecast: Sign of robust bullish reversal emerges despite dwindling DeFi TVL volume : Cardano rebounds to test resistance at $0.69 as technical indicator flashes a buy signal. A minor increase in the derivative Open Interest to $831 million suggests growing trader interest in ADA. Cardano's DeFi TVL continues to decline after briefly peaking at around $415 million on May 11. Cardano's (ADA) price has reversed upwards after testing support at $0.65, trading at $0.69 at the time of writing on Tuesday. The slight rebound occurs amid consolidation in the broader crypto market and tensions in the global macroeconomic environment, primarily caused by uncertainty surrounding United States (US) tariffs. Cardano upholds a bullish structure The sell-off in the crypto market last week saw ADA drop to test support at $0.65 before reversing the trend on Monday. Uncertainty surrounding US tariffs, following a court's ruling against President Donald Trump's tariffs, sent shockwaves, triggering a cascade of losses. While an appeals court temporarily suspended the ruling that blocked the implementation of tariffs, uncertainty remains. Cardano's rebound from $0.65 support confirmed to traders that gains could extend toward the supply-rich region at $1.00. Moreover, a 2.2% increase in the derivatives market Open Interest (OI) to $831 million over the past 24 hours suggests growing interest in ADA, particularly with trading volume remaining above the $1 billion mark. Futures traders on Exchanger have a bullish bias, as indicated by a long-to-short ratio of 2.83. At the same time, the liquidation of approximately $198,000 of long positions in the last 24 hours, compared to roughly $394,000 in shorts, signals a potential short squeeze likely to trigger a larger rebound in ADA price. Technically, Cardano showcases a bullish structure underpinned by a buy signal from the SuperTrend indicator. This trend-following tool utilizes the Average True Range (ATR) to gauge market volatility. A buy signal is confirmed when the price of ADA flips above the SuperTrend line, with the color of the line changing from red to green. Traders can utilize this indicator as a dynamic support and resistance level, which currently supports Cardano's bullish outlook. The Relative Strength Index (RSI), although below the 50 midline, shows signs of reversing the trend upwards. Should the ADA price break above the immediate hurdle at $0.70, the potential return of the RSI above 50 would mean a stronger bullish momentum. Cardano's dwindling DeFi TVL could slow its recovery Despite the bullish outlook, traders should tread carefully, as the Moving Average Convergence Divergence (MACD) indicator reflects bearish sentiment, having sent out a sell signal on May 17. This calls for traders to consider selling ADA manifests when the blue MACD line crosses beneath the red signal line. At the same time, the persistent drop in Cardano's Decentralized Finance (DeFi) Total Value Locked (TVL) to approximately $317 million, after peaking briefly at around $414 million on May 11, shows that investor confidence in the ecosystem is falling. Investors often withdraw their digital assets from smart contracts with the intention of selling. A lower TVL suggests a decline in the adoption of the protocol within the DeFi ecosystem, which translates to low demand for ADA used to pay transaction fees, stake, and participate in governance. $ADA