Anaisomari
Monday, February 6, 2023
Ledger - Crypto Beginners Pack
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop
No Result
View All Result
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop
No Result
View All Result
Anaisomari
No Result
View All Result

Trader Flips Bullish on XRP and One Additional Altcoin, Says Economic Data This Week To Spark Crypto Market Shift

October 12, 2022
in Altcoin
0

A popular crypto trader says XRP and one other mid-cap altcoin have the most bullish-looking price action on the market right now.

Pseudonymous trader Kaleo tells his 535,000 Twitter followers that currently, XRP and smart contract platform Tron (TRX) have the most promising charts.

“It’s 2022 and TRX and XRP are two of the best-looking charts in crypto.”

Looking at Tron versus Bitcoin (TRX/BTC), Kaleo says that the pair looks ready for another breakout after successfully breaching a diagonal resistance line.

“TRX / BTC relative strength right now is insane.

Expecting at least one significant leg higher out of this pennant.”

Source: Kaleo/Twitter

At time of writing, TRX is trading at $0.06, 72% from its all-time high, while XRP is changing hands at $0.52, up 16% on the week.

Looking at Bitcoin, Kaleo says that the flagship cryptocurrency looks poised for more ranging, possibly with a dip to $19,000 before a bounce back to $20,000.

“BTC with a lackluster Monday open makes [this scenario] look quite a bit better this morning”

Image
Source: Kaleo/Twitter

The closely followed analyst says that markets could remain uneventful for the first half of this week, before seeing a significant shift in volatility come Thursday, when consumer price index (CPI) data is released. CPI is expected to come in at 8.1%, but a reading substantially higher or lower than forecasted has historically had the potential to move markets.

“CPI releases this Thursday. While that doesn’t guarantee a lack of volatility in the interim (FOMC minutes release this Wednesday, who knows what other unforeseen chaos might ensue) – it has signaled a fairly reliable pivot each month for market momentum this past year.”

Image
Source: Kaleo/Twitter

Kaleo points out that the November 2021 CPI reading was a 30-year record high, which also coincided with Bitcoin’s all-time high and the beginning of a nearly year-long down trend.

At time of writing, BTC is changing hands for $19,303, trading mostly flat for nearly a month.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE-2



This news is republished from another source.


Previous Post

NFTY Listing on XT.COM In Its Innovation Zone with Tether Trading Pair

Next Post

Metaverse and web3 interests digital out-of-home marketers

Next Post

Metaverse and web3 interests digital out-of-home marketers


Name Price
bitcoin
Bitcoin (BTC)
$22,894.00
ethereum
Ethereum (ETH)
$1,634.57
USDEX
USDEX (USDEX)
$1.08
tether
Tether (USDT)
$1.00
binancecoin
BNB (BNB)
$327.76
usd-coin
USD Coin (USDC)
$1.00
ripple
XRP (XRP)
$0.397779
binance-usd
Binance USD (BUSD)
$1.00
cardano
Cardano (ADA)
$0.391917
dogecoin
Dogecoin (DOGE)
$0.092137


Crypto News

Crypto News: SHIB, Cardano Among 3 Tokens Eyeing Price Shifts – CoinGape

February 6, 2023

Chinese cryptocurrency romance scam defeats Apple security | News – The Times

February 6, 2023

WeQuant Provides the Best Cryptocurrency AI Quantitative … – Digital Journal

February 5, 2023

Bitcoin

Bulgarian Businessman Loses Half a Million Dollars to Call Center … – Bitcoin News

February 6, 2023

No Result
View All Result

Pages

  • Latest Crypto News
  • Live Rates
  • Privacy Policy
  • Shop
  • Terms of Service

Tether

Tether (USDT): Does it Score Poorly on Long-Term Trading Metrics Sunday? – InvestorsObserver

February 6, 2023

Solana

When Roger Federer promoted the Solana Hackathon – afaqs!

February 6, 2023

Cryptocurrency Price Today: Bitcoin Registers Gains While Litecoin, Solana Report Losses – ABP Live

February 6, 2023

Advertisement

  • Latest Crypto News
  • Shop
  • Privacy Policy
  • Terms of Service

© 2022 Anaisomari.com


No Result
View All Result
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop

© 2022 Anaisomari.com


  • bitcoinBitcoin(BTC)$22,894.00-1.02%
  • ethereumEthereum(ETH)$1,634.57-0.86%
  • USDEXUSDEX(USDEX)$1.080.27%
  • tetherTether(USDT)$1.00-0.06%
  • binancecoinBNB(BNB)$327.760.30%
  • usd-coinUSD Coin(USDC)$1.00-0.13%
  • rippleXRP(XRP)$0.397779-1.70%
  • binance-usdBinance USD(BUSD)$1.000.11%
  • cardanoCardano(ADA)$0.391917-0.11%
  • dogecoinDogecoin(DOGE)$0.092137-0.67%
  • okbOKB(OKB)$44.112.91%
  • matic-networkPolygon(MATIC)$1.21-0.04%
  • solanaSolana(SOL)$23.29-1.35%
  • shiba-inuShiba Inu(SHIB)$0.0000150.94%
  • staked-etherLido Staked Ether(STETH)$1,629.99-0.88%
  • polkadotPolkadot(DOT)$6.700.39%
  • litecoinLitecoin(LTC)$96.42-0.32%
  • avalanche-2Avalanche(AVAX)$20.10-1.07%
  • tronTRON(TRX)$0.063524-1.09%
  • uniswapUniswap(UNI)$6.82-3.11%
  • daiDai(DAI)$1.00-0.05%
  • cosmosCosmos Hub(ATOM)$14.380.86%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,831.00-1.17%
  • chainlinkChainlink(LINK)$6.98-0.28%
  • ToncoinToncoin(TON)$2.27-2.31%
  • leo-tokenLEO Token(LEO)$3.42-1.73%
  • ethereum-classicEthereum Classic(ETC)$22.68-1.27%
  • moneroMonero(XMR)$166.76-2.01%
  • bitcoin-cashBitcoin Cash(BCH)$133.52-0.61%
  • AptosAptos(APT)$15.04-3.43%
  • stellarStellar(XLM)$0.091048-0.86%
  • apecoinApeCoin(APE)$5.740.84%
  • quant-networkQuant(QNT)$140.940.51%
  • crypto-com-chainCronos(CRO)$0.080796-1.08%
  • nearNEAR Protocol(NEAR)$2.37-1.44%
  • filecoinFilecoin(FIL)$5.27-0.75%
  • algorandAlgorand(ALGO)$0.258328-0.98%
  • lido-daoLido DAO(LDO)$2.165.82%
  • hedera-hashgraphHedera(HBAR)$0.069649-1.20%
  • vechainVeChain(VET)$0.024045-0.56%
  • internet-computerInternet Computer(ICP)$5.58-2.20%
  • fantomFantom(FTM)$0.55-4.34%
  • decentralandDecentraland(MANA)$0.73-2.42%
  • the-sandboxThe Sandbox(SAND)$0.72-2.23%
  • axie-infinityAxie Infinity(AXS)$10.92-0.71%
  • aaveAave(AAVE)$86.511.12%
  • eosEOS(EOS)$1.08-0.81%
  • the-graphThe Graph(GRT)$0.13248116.07%
  • flowFlow(FLOW)$1.120.11%
  • terra-lunaTerra Luna Classic(LUNC)$0.0001882.66%