In trading, you must always begin with a simple rule: nobody knows what will really happen. However, if I were to make an educated guess by looking at the #TOTAL3# chart and #altcoins# experiencing another 8-10% dip, it would be a good opportunity to go long again!
BULL OF THE WEEK! The #Bull# of the week is $CFX! With a rise of over 10% this week, @Conflux_Network is the bull of the week for the second time in a row! This rise is due to a highly anticipated network upgrade for the #Token# , which has brought in new investors and whales! Source: @CoinMarketCap
Glassnode: Despite Ethereum trading near its March 2024 highs, unrealized profits are far lower. Back then, ETH hit +2σ (standard deviations) on Relative Unrealized Profit at $3.98K - today it's just nearing +1σ. A move to +2σ now would imply ~$4.9K ETH.
METAVERSE MADNESS! @WorldShardsGame is the #Metaverse# game under the spotlight this week with its #Steam# release round the corner. This MMORPG in the #Crypto# world looks to be a lot of fun with sandbox elements and loads of options on how to play! Source: @DappRadar
$AAVE has lost some stamina lately, especially since it started to trade below the 4H EMA200. 😕 If we don't recover now, I can see it going down a bit further. ⬇️ Ideally, we make a 3-drive pattern down at support and bounce from there. 📉 Waiting for now. ⌛