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    Cryptonaire Weekly Magazine 246th Edition Is Out Now, Aug 10, 2022
  1. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 246TH EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

    [​IMG]

    ❖ Latest Crypto News Digital Magazine

    ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

    A positive sign is that analysts are increasingly showing confidence that crypto prices may have bottomed out. JPMorgan said in a recent note that limited new contagion from the collapse of the Terra ecosystem and positive data flow from Ethereum’s testnets raised expectations that the merge will happen in 2022. Both these
    have been the main drivers of the current recovery. Analysts at JPMorgan believe that crypto prices may have “found a floor.”

    Bloomberg Intelligence senior commodity strategist Mike McGlone and senior market structure analyst Jamie Coutts said in the August “Crypto Outlook” report that Bitcoin may be building a base “akin to about $5,000 in 2018-19.” The analysts said that the “risk vs. reward tilted favourably for one of the greatest bull markets in
    history, potentially starting a revival after a sharp retreat.”

    We highlighted in our previous analysis that the 20-day exponential moving average (EMA) was an important level to keep an eye on because a bounce off it could result in a retest of the overhead resistance at $24,666 and that is how it played out.

    Bitcoin has formed a series of higher lows though it has not been able to form higher highs. This indicates that bears are posing a strong challenge at $24,666 but bulls are buying on every minor dip.

    The rising 20-day EMA and the relative strength index (RSI) in the positive territory suggest that the path of least resistance is to the upside.

    If buyers thrust the price above $24,666, the BTC/USD pair could pick up momentum because there is no resistance until $28,000. The bears may attempt to stall the rally at this level but if bulls overcome this barrier, the uptrend could even reach $32,000.

    Conversely, if the price turns down from the current level and breaks below the uptrend line, it will suggest that the bulls have given up in the short term and are closing their positions. That could sink the price to the 50-day simple moving average (SMA).

    Lastly please check out the advancement’s happening in the cryptocurrency world.

    Enjoy the issue!

    Featuring in this weeks Edition:

    - Immunify.Life

    - MetaBrewSociety

    - Coinhaven

    - WeedoVerse

    - Globiance

    - H2O Securities

    - Age of Zalmoxis

    - CollectiVerse

    - AiBook.Art

    - Cardalonia


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    Dogecoin Has More Potential Applications Than Cardano: Mark Cuban

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    CollectiVerse – A more secure and safe way to invest in the DeFi and NFT market

  2. Cryptonaire Weekly Magazine 244th Edition Is Out Now, Aug 3, 2022
  3. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 245TH EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

    [​IMG]

    ❖ Latest Crypto News Digital Magazine

    ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

    After three consecutive negative monthly closes, Bitcoin made a comeback in July with a 16.8% gain, according to Coinglass data. In comparison, Ether had much better performance as it rallied more than 56% during the same period. This indicated that investors may have started accumulating at lower levels, anticipating that a bottom may be in place.

    Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said in a tweet on July 29 that “Fed Chairman Jerome Powell’s “meeting by meeting” comment may mark the pivot for Bitcoin” to outperform most assets. In another tweet on July 31, McGlone said that Bitcoin may be on track to recover from the “steepest discount” to the 100- and 200-week moving averages. He added that the risk-to-reward ratio may be “tilted favourably for one of the greatest bull markets in history.”

    Bitcoin reversed direction from $20,715 on July 26 and rose above the ascending channel on July 28. However, the bulls could not build upon this advantage and sustain the higher levels. This indicates that bears continue to sell on rallies.

    The failure to sustain the price above the channel may have attracted profit-booking from short-term bulls and shorting from aggressive bears. That has pulled the price to the 20-day exponential moving average (EMA).

    This is an important level to keep an eye on. If the price rebounds off the 20-day EMA, the bulls will again try to push the price above the overhead resistance at $24,666. If they succeed, the BTC/USD pair could start an upmove toward $30,000.

    Alternatively, if the price slips below the 20-day EMA, it will suggest that the bullish momentum may be weakening. The pair could then decline to the 50-day simple moving average (SMA).

    The flattening 20-day EMA and the relative strength index (RSI) near the midpoint suggest a range-bound action in the near term. The pair may remain stuck between $20,715 and $24,666 for a few days.

    Lastly please check out the advancement’s happening in the cryptocurrency world.

    Enjoy the issue!

    Featuring in this weeks Edition:

    - Globiance

    - WeedoVerse

    - Cardalonia

    - CollectiVerse

    - H2O Securities

    - ZiberBugs

    - AiBook.Art

    - Immunify.Life

    - DC Pay

    - LunaOne


    Read More
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    Immunify.Life: Redefining The Healthcare Landscape with Blockchain Technology

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