Crypto:
30627
Bitcoin:
$64.834
% 6.49
BTC Dominance:
%53.7
% 0.12
Market Cap:
$2.34 T
% 5.89
Fear & Greed:
52 / 100
Bitcoin:
$ 64.834
BTC Dominance:
% 53.7
Market Cap:
$2.34 T

Stealth Zone Analysis: Jason Pizzino Highlights Bullish Signs for Top Cryptos

Best Altcoins For Next Bull Run

Pizzino, Jason, went through an extensive analysis of the present market to which he described it to be in stealth zone and more particularly characterized by very low values. As will be later shown, range bars after first scares are lower during stealth period because fear increases and market interest decreases. Probable future troubles are currently kept just above the key levels, which were established, for example, at a 50% level, and low points do not drop too low in order to indicate a likely possibility of higher stock increases. Technical analysis of the top cryptocurrencies, Pizzino said, the market is positioned to begin a gradual recovery over the next few months.

Ethereum (ETH/USD) Shows Relative Strength

The ETH/USD is among the altcoins that are showing relative strength and in particular, staying much above 50% key figures, Pizzino added. For instance, above the 50% level of the range that developed during May low, Ethereum has continued to stay; the same as the top of Bitcoin after the enthusiasm created by ETF announcement. Other occurrences such as the SEC rejecting lawsuits have also supported Ethereum to stabilize their prices despite worst arising in the broader market.

This Might Interest You: Kraken-CertiK Crisis Deepens: Missing Funds and Legal Battle

For most part of the market, values have recently dipped but Ethereum remains an exception. If ethereum falls to $3,400, Pizzino would consider $3,200 as decent enough, but if ethereum is below $2,829, he feels that the news on the ETF might not be all that bright.

READ:  Elon Musk Drops Lawsuit Against OpenAI and CEO Sam Altman

Solana’s Bullish Structure

Solana also remains above the 50% line of the overall bear market range. Currently, it is valued to be more than $138, although its down support hovers around $109. It has to be assumed that Solana’s higher lows combined with the fact that it is maintaining its strength in the cycle show a base trend. Solana’s historical correction ranged from around 37% to 52%, that’s why the correction down to 50% perfectly fits the trends.

Binance Coin’s (BNB) Critical Levels

Early on, Binance Coin rose and if it has been unable to from the $540 area, it could have been a fake out. In case of this drop, the $420 to $520 area may be retested. Specifically, BNB needs to continue its trade at the existing rates to support tailwinds even though it is approaching record highs.

Click here to get the latest news from Coin Engineer! 

Rate this post

Leave a Reply

Your email address will not be published. Required fields are marked *