XRP is performing better than most altcoins, having broken its short-term downtrend. If buyers maintain control, XRP could test the $3.00 resistance, and a successful breakout might pave the way for a move toward $3.50. However, staying above key support levels will be essential for keeping the momentum going.
USDCAD 1H Analysis – February 10, 2025 ? Potential Bullish Reversal The chart shows a double bottom formation near 1.4280, which is a strong bullish reversal pattern. Price has bounced from this level, suggesting a possible upward move. ? Key Resistance Zones to Watch: 1.4550 - 1.4570 → First key resistance (previous support turned resistance). 1.4780 - 1.4800 → Major resistance area where price previously rejected strongly. ? Trading Outlook: A break above 1.4350 could confirm the bullish momentum. If price clears 1.4550, the next target would be 1.4800. A rejection from resistance zones could lead to another decline. ? Conclusion: USDCAD is forming a potential bullish structure, but confirmation of a breakout above 1.4550 is needed before expecting further upside. ?
IoTeX (IOTX) has recently garnered significant attention in the cryptocurrency market, particularly following a substantial $50 million investment from a consortium of venture capital firms. This infusion of capital is poised to accelerate the growth and adoption of Decentralized Physical Infrastructure Networks (DePIN), positioning IoTeX for a promising future. citeturn0search14 **Strategic Investments and Partnerships** The recent $50 million funding round, led by prominent investors such as Borderless Capital and Amber Group, underscores the confidence in IoTeX's vision and technological capabilities. These strategic partnerships are expected to enhance IoTeX's infrastructure and expand its ecosystem, fostering increased adoption and utility of the IOTX token. citeturn0search2 **Market Performance and Future Projections** As of now, IOTX is trading at approximately $0.0201, with a 24-hour trading volume of around $9.49 million. The token has experienced a slight decline of 1.68% in the past day. Looking ahead, various analyses offer optimistic projections for IOTX. For instance, CoinCodex forecasts that IoTeX could reach a high of $0.2922 by 2025, representing a potential increase of over 1,350% from its current price. citeturn0search1 Similarly, DigitalCoinPrice anticipates that IOTX may reach $0.068 by 2025 and $0.16 by 2030, indicating sustained growth over the long term. The substantial venture capital investment, coupled with strategic partnerships and favorable market projections, suggests a promising trajectory for IoTeX. As the platform continues to develop and expand its DePIN initiatives, the value of IOTX is well-positioned for significant appreciation in the coming years. *Note: This analysis is based on information available as of February 10, 2025. Investors are advised to conduct their own research and consider market dynamics before making investment decisions.*
On CL1 as you can see on the chart, we have the breakout of the Vwap indicator and the resistance line by buyers, hence a high probability of an uptrend.
ON XAUSD we are expecting gold to retrace 2880 area from there we can buy gold on confirmation on lower time frame
FX:USDCHF Technical Analysis: Given that the price has not broken through the resistance level of 0.9200, from the sellers' point of view, we should wait for confirmation of the downtrend at the level of 0.91176 and we will probably see a downtrend in the short term.
Since January 2023, Bitcoin has risen to its current Value in 2 steps distinct and we sit on the 3rd step now. But this Step is so VERY different and the potential Fragility exists The chart explains this clearly. The First step was in April 2023 and saw PA descend till June and remain in range till around October that year and saw a total retrace of around -20%. Lower Range Support was Horizontal and we were just above the 0.618 Fib extension The 2nd began in March 2024, PA initially descended till May and then bounced back, remaining in range till October and saw a total retrace of around -25.6%. Lower Range Support was descending and the 1.618 Fib Extension was just below and was tested directly in the week of 5th August Both began in Q2 ( approx) and ended in Q4 and both had an approx retrace of around -23% Both were Very similar in date range, start and end. And Both were above the 618 Fib extension. This time we have entered the "Step" in December ( Q4 ) and the under laying Support is Ascending. More than that, the line of resistance is the 2.618 Fib extension. And this has led to a tricky situation really. For a Start, we are in a tight pennant. The line of Resistance above is close We do not have the time to Range and that pennant Apex is in late April. PA tends to react BEFORE we hit the APEX of triangles The Ascending support has origins in 2017 and is the same line that PA used to Bounce higher in 2021 to reach the ATH in Nov. It is strong and we do not want to loose this. But PA is Very OverBought and needs to cool off. When PA bounced of this line of Support in 2021, MACD was back down to Neutral. We are currently up high. We need to repeat what we saw in previous "Steps" and let MACD cool off. It has begun on the weekly, but only Just turned Bearish So what can we do ? What seems to be happening is that PA is managing to remain in this triangle with an ascending support and a Very tight price range. We just saw this morning that PA has once again managed to bounce off this line after a sudden drop last night. Bulls Caught it on the line and we rise again But what I have noticed is also how the Bitcoin Transaction count has lowered in the same period and maybe This is how we are managing to remain in this pattern ? Less Transactions leads to less Volatility and so we keep a more stable Price range ? Data from CRYPTOQUANT as TV does not do this metric ( wish they would ) Step 1 30 April 2023 ( Step 1 ) Transaction count was around 569K at start of that step to a Low of 445K on June 30 in Mid range Step 2 From Feb Q1 2024, ( just beofre Step 2) we saw a continually rising transaction count that led to a peak of 671K on 22nd April. The Range has already begun by this point. 541K was the range low in August Step 3, Current situation As BTC PA rose Higher, we had transaction at nearly 850K but as we approached the range high we are currently in, Transaction count dropped dramatically, to 412K on Dec 16. to a Low around 398K in Mid December. On Feb 9th ( yesterday ), we are back down to 385K Is it this Low and currently descending Transaction count that is helping to keep PA in the Tight Range ? Low Traffic will lead to less volatility but it maybe a fine line before Price Drops due to seemingly Lack on interest in the asset ? Either way, We are in a Tight Triangle, currently with a Range height of around 10K This is like a Balloon Full of Air, Getting SQUEEZED Something has to go Pop at some point. Technically, this has to be Lower and this could be pointing towards a TOP for now. Maybe we are about to repeat the 2021 pattern of ATH early in the year, retrace and go for a New ATH in Q4 For me, this seems very possible - Unless PA breaks over that 2.618 Fib line. We are under considerable and mounting pressure from the ascending Line of support Maybe that line of support is strong enough to push us through ? But be under NO illusion. Bitcoin Pa is under Huge strain right now but with strong corporate hands holding it steady, maybe...... Stay Tuned for The continuing Story of BITCOIN rise to greatness
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XAUUSD GOLD update ? We are observing the market and we are on our decision point first market have to break 2900.00 level ❗️ Then after correction our frist target would be 2885 then 2870.00 expected The region we are showing indicates that market is in Bullish bias It might take some correction and after correcting it will might be pump and the final all the time high would be almost 2930 - 2925.00 area So be ready for the next move and update ❗️ #XAUUSD
This forecast is based on cyclical patterns that aim to identify potential price reversal TIMES only. Cycle indicator - CycleWave BTC/USD M15