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Tag: CryptoWzrd

  • Chainlink Maintains Its Base, But One Push Could Flip Sentiment Fast

    Chainlink continues to hold its ground above key support levels, keeping the broader market cautiously optimistic. Despite recent indecisive candles, the setup suggests that one strong bullish move could quickly shift sentiment and reignite momentum toward higher targets.

    Chainlink Faces Mixed Signals As Monthly Candle Closes Bearish

    In his Chainlink daily technical outlook, crypto analyst CryptoWzrd began by reviewing the higher timeframes, noting that the monthly candle for LINK closed slightly bearish. Additionally, the LINK/BTC pair closed its monthly candle indecisively, reflecting a lack of clear momentum against Bitcoin. Meanwhile, the daily candles for both closed indecisively, setting an ambiguous tone for the near term.

    CryptoWzrd emphasizes that the LINK/BTC pair must move upside to inject meaningful momentum. For this to happen, LINK/BTC needs to hold above the $0.000170 BTC resistance level, which would generate the initial bullish sentiment required for Chainlink to begin its ascent toward the first major target.

    If the necessary bullish sentiment is secured, the altcoin is expected to be pushed toward the $20 daily resistance target. The analyst highlights that achieving a healthy bullish breakout above $20 is the critical event that will trigger the next major upside rally and confirm a stronger directional trend.

    On the other hand, CryptoWzrd identifies the $16 level as the main daily support for the current structure. This price point must hold to prevent a deeper correction that would jeopardize the current bullish targets.

    The analyst has stated that his focus for the immediate future will shift to the lower timeframe chart formations tomorrow. This micro-analysis will be crucial for identifying the best scalp opportunities as the market continues to consolidate near these critical structural levels.

    Choppy Intraday Action Keeps Traders On Edge

    CryptoWzrd went further to reveal that LINK’s intraday chart has been choppy and slow, reflecting bearishness in the market. Despite the lack of strong momentum, the price is still holding above the $16.90 level, which remains a positive sign for the bulls in the short term. Also, the analyst emphasized that a further upside move is necessary to confirm a constructive chart formation and create a potential long opportunity. 

    Without that breakout, the structure remains fragile, and traders could face difficulty finding reliable entry points for bullish setups. A drop below $16.90 could trigger a deeper decline, putting additional pressure on Chainlink. CryptoWzrd concluded that patience remains key in navigating the current indecisive phase, as it’s best to wait for the next clear signal or trading setup before making any major moves.

    Chainlink

    Godspower Owie

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  • Chainlink Bears Show Strength, But $16 Support Could Flip The Downtrend

    In his latest Chainlink daily technical outlook, CryptoWzrd noted that the token closed bearish, retesting the $16.00 daily support level. He mentioned plans to monitor its intraday chart closely for potential quick scalp opportunities, particularly if LINK holds above $16.80, which he views as a positive zone.

    A Possible Shift In Chainlink’s Current Bearish Action

    Moving on, CryptoWzrd pointed out that both Chainlink and LINKBTC closed the day with bearish candles, signaling short-term weakness. The downside move came after a period of consolidation, suggesting that traders may be taking profits following recent gains. Despite the pullback, the analyst emphasized that the overall market context still holds potential for recovery.

    He further explained that LINKBTC could experience an upward push if Bitcoin dominance shows positive sentiment tomorrow. A recovery in Bitcoin’s strength often translates to renewed confidence in the broader altcoin market, and LINK could benefit from this correlation. 

    According to CryptoWzrd, LINK’s retest of the $16 daily support level played out exactly as anticipated. This zone now represents a crucial decision point, holding above it could trigger a rebound toward the next major resistance of $20 and beyond if market conditions remain stable.

    However, he cautioned that with the weekend approaching, volatility may rise and market volume could thin out. As a result, CryptoWzrd maintained a balanced stance, noting that it is essential to keep expectations rational and remain alert for any signs of renewed bearish pressure.

    Bullish Breakout Could Ignite A Rally Toward $19.30

    Concluding his analysis, CryptoWzrd noted that Chainlink’s intraday chart displayed notable volatility throughout the day, with rapid price swings keeping traders on edge. Despite the choppy movements, the price is now teasing the $16.80 intraday resistance, a level that could play a pivotal role in determining the next short-term direction.

    He explained that a bullish breakout above $16.80 would likely trigger a wave of renewed buying pressure. Such a move could pave the way for a rally toward the $19.30 target, an area where previous price action has shown a strong reaction and potential for profit-taking. 

    On the other hand, CryptoWzrd cautioned that a rejection from $16.80 or prolonged trading below this resistance could lead to more sideways movement over the weekend. With lower trading volumes expected, this range-bound behavior may continue until a clear catalyst emerges to drive momentum in either direction. 

    He concluded by emphasizing the importance of patience and clarity in the current setup. The market is at a decision point, and waiting for a stronger trade formation could offer a safer entry opportunity.

    Chainlink

    Godspower Owie

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  • Ethereum Dual Chart Recovery: ETH And ETH/BTC Signal Strength Despite Bearish Close

    My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.

    My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.

    I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

    When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

    Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.

    My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.

    Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is.

    One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others.

    I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams.

    I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.

    I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.

    Godspower Owie

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  • Chainlink Targets $22 As LINKBTC Shows Signs Of Reversal – Is The Next Rally Close?

    CryptoWzrd noted in a fresh update that Chainlink ended the day on a bullish note, with signs pointing to more upside ahead. The strength in LINKBTC is adding momentum, suggesting further pressure from the bulls. On the intraday chart, the $22 level is emerging as the next key bullish zone, while lower time frames remain the focus for spotting the next scalp opportunity.

    LINKBTC To Trigger A Reversal For Chainlink

    In an elaborate analysis, CryptoWzrd confirmed a strong bullish close for both the price of Chainlink and the LINK/BTC pairing. Notably, the LINK/BTC pair printed a powerful bullish daily candle, an event that coincided with a decrease in Bitcoin’s dominance. This simultaneous action suggests that capital is rotating out of Bitcoin and into altcoins like LINK, providing significant underlying strength.

    The analyst believes that a key confirmation of a major reversal is near. Achieving just one more bullish daily close from the LINK/BTC pair would offer further bullish momentum, which would solidify the reversal. Such a development would significantly aid LINK in becoming more bullish from its present price location.

    Looking at the price structure, the analysis identifies $20 as the primary daily support level for Chainlink. The current setup, driven by the strength in the LINK/BTC pair, suggests that if a second consecutive bullish daily close occurs, it could spur a rapid V-shape recovery. This implies that the recent dip would be quickly and aggressively retraced. Should this V-shape recovery materialize, the immediate outlook points to a rally toward key resistance targets such as $25, followed by the more ambitious target of $30. 

    Holding Key Resistance Zone Could Unlock Fresh Long Opportunities

    CryptoWzrd highlighted that both volatility and a strong underlying bullish bias characterized the intraday chart. A key takeaway is that a move above the $22 resistance level is an indicator of strength. Based on this impending move, the analyst stated his intention to look for a long position.

    The analyst also outlined an alternate entry scenario that could present itself sooner. He suggested that if a bearish pullback were to occur from the current price location, followed immediately by a decisive bullish reversal, this reversal pattern could trigger an early long opportunity. Meanwhile, an immediate downside support level to watch is identified at $19.80. 

    For the time being, the analyst is in a waiting period, as the current environment is ambiguous in terms of immediate entry. CryptoWzrd concluded that the next course of action is to wait for the market to further develop and produce chart formation that confirms the direction.

    Chainlink

    Godspower Owie

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  • Ethereum Daily Chart Turns Green As ETHBTC Prepares For Lift-Off

    In a recent post on X, crypto analyst CRYPTOWZRD shared a bullish daily technical outlook for Ethereum (ETH), highlighting a strong close that suggests further upward movement is likely. The analyst’s primary expectation is for more gains to follow as the ETH/BTC pair begins to surge. This key relationship is a central focus for the analyst, as a strong performance from Ethereum against BTC often signals a broader bullish period for ETH itself.

    ETH And ETHBTC Daily Candles Flash Strong Bullish Close

    Giving a detailed market update, CRYPTOWZRD highlighted that both Ethereum’s daily candle and the ETHBTC pair closed strongly bullish. ETHBTC’s surge occurred as Bitcoin’s dominance weakened, providing altcoins with room to build momentum. This shift marked a significant move for Ethereum, reflecting renewed strength in the broader market structure.

    According to his analysis, ETHBTC successfully broke out of its daily falling wedge pattern, a move that often signals the start of a bullish reversal. Ethereum mirrored this strength, pushing higher alongside the breakout, which further reinforced optimism among traders who have been watching closely for signs of sustained upside momentum.

    Examining key levels, CRYPTOWZRD highlighted that $5,000 remains the primary daily resistance for Ethereum. A decisive break above this threshold could ignite an impulsive rally, potentially driving ETH toward the $5,780 resistance zone or even higher. On the downside, $4,000 is seen as the critical daily support, providing a safety net for bulls should price action cool off in the short term.

    Despite the strong outlook, he noted that his primary focus will stay on the lower time frame chart formations for tomorrow, as these provide opportunities for quick scalps and short-term trades. However, with the weekend approaching, CRYPTOWZRD is maintaining a rational stance.

    Volatility Offers Both Risk And Opportunity In The Current Setup

    Crypto analyst CRYPTOWZRD has stated that the intraday chart for Ethereum is showing significant volatility, with more expected in the near term. This high level of fluctuation is something he is prepared for and is a normal part of the market as it searches for a new direction.

    In the meantime, CRYPTOWZRD has outlined two potential scenarios. If BTC’s price pulls back toward the $4,500 level, it will then show a clear bullish reversal. Another scenario would be if Ethereum holds strong and breaks above the $4,765 resistance, it would signal a new upward leg.

    Ultimately, the analyst advises exercising patience and waiting for the market to present a clear, healthy trade setup. This cautious approach acknowledges the current volatility, and the market’s next move will dictate the next best opportunity.

    Ethereum

    Godspower Owie

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  • Bitcoin Holds Key Support Amid Gravestone Doji – $120,000 Hangs In Balance

    In his latest daily technical outlook, Cryptowzrd highlighted that Bitcoin closed the day with a gravestone doji, while holding above a critical level. According to the analysis, more bullish candles are needed to sustain momentum and push the price toward the $120,000 resistance, especially as the market contends with ongoing fundamental pressures.

    Fundamentals Support Bitcoin Despite Weak NFP Print

    Cryptowzrd highlighted that the daily candle of Bitcoin closed indecisively, signaling uncertainty as the market evaluates its next move. Despite this indecision, BTC remains above the crucial $110,500 level, which continues to serve as a strong support zone. This level remains critical in determining whether bullish momentum can be sustained in the short term.

    Related Reading

    The analyst noted that Bitcoin has maintained its bullish edge even in the face of a lower-than-expected NFP print, triggered by fundamental commentary. This development suggests that broader market sentiment is still supportive of BTC, and technical strength is being reinforced by macroeconomic factors.

    From a weekly perspective, traditional markets have closed on a bullish note, adding further support to Bitcoin’s potential upside. However, a series of consecutive bullish daily candles is needed to solidify confidence in a rally toward the $120,000 resistance level. Without this confirmation, the market could remain in a holding pattern, leaving room for volatility and short-term swings.

    Source: Chart from CRYPTOWRZD on X

    On the downside, he cautioned that if Bitcoin breaks below the $110,500 level by mid-week, it could open the door for a deeper correction, potentially testing the $100,000 support zone. Such a move would shift market dynamics, increasing selling pressure and creating strategic opportunities for traders to position for short-term downside plays.

    Over the weekend, Cryptowzrd will be closely monitoring lower-time frame charts to identify actionable scalp opportunities while ensuring that the current position above $110,500 remains secure.

    Intraday Volatility Driven By NFP And Market Fundamentals

    Concluding his analysis, the analyst highlighted that the intraday chart of BTC has been volatile, influenced by recent fundamental commentary and the lower-than-expected NFP print. This volatility reflects the market’s uncertainty, as traders weigh both technical and macroeconomic factors.

    Related Reading

    He noted that a decisive move above $113,200 would signal stronger bullish momentum, potentially pushing Bitcoin higher and helping to secure the current position. Such a breakout signals that buyers are regaining control of the market.

    On the other hand, a drop below $110,400 could open the door for additional downside. For now, the analyst plans to wait patiently for the market to form a more mature trade setup before taking the next actionable position.

    Bitcoin
    BTC trading at $110,823 on the 1D chart | Source: BTCUSDT on Tradingview.com

    Featured image from Getty Images, chart from Tradingview.com

    Godspower Owie

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  • From Stalemate To Surge? XRP Bulls Eye $2.94 Break For Fresh Upside

    My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.

    My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.

    I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

    When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

    Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.

    My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.

    Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is.

    One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others.

    I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams.

    I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.

    I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.

    Godspower Owie

    Source link

  • Bitcoin Daily Close Spurs Caution – $110,500 Breakdown Could Shift Momentum

    Cryptowzrd, in a fresh update on Bitcoin’s daily technical outlook, noted that the market closed bearish, leaving room for further downside. A decisive close below the $110,500 support could mark a key shift, making lower levels worth watching. 

    Daily Candle Signals Bearish Pressure For Bitcoin

    Cryptowzrd expanded on his outlook by pointing out that Bitcoin’s daily candle closed bearish, with price now trading beneath the $110,500 support zone. This breakdown is significant and could invite further selling pressure in the sessions ahead if buyers fail to reclaim the level.

    He emphasized that holding below this support opens the door for a potential move toward the $100,000 mark. However, a strong bullish candle and a swift recovery could invalidate the bearish setup, restoring confidence for buyers.

    In the analysis, he also highlighted the performance of Bitcoin Dominance (BTC.D), which closed indecisively while displaying weakness. This weakness in dominance is often viewed as a positive signal for altcoins, as it suggests capital is flowing away from Bitcoin and into alternative assets.

    Such a shift in market dominance reflects growing market confidence in altcoins. When Bitcoin dominance stalls or declines, it tends to fuel altcoin rallies, allowing traders to diversify into promising setups across the market.

    Finally, he noted that markets are heading into the monthly transition period, a time often associated with increased volatility and mixed sentiment. Going into the weekend, he emphasized the importance of staying rational and avoiding overextending in either direction, maintaining measured strategies while waiting for clearer confirmation signals.

    BTC Volatility Dominates Intraday Trading

    Cryptowzrd highlighted that today’s intraday chart displayed sharp volatility with a clear bearish tone, as Bitcoin slipped and is currently holding below the $110,400 intraday support. This level has now become critical, as losing it signals weakening buyer strength and raises the risk of further downside pressure. 

    He explained that if Bitcoin retests $110,400 and fails to reclaim it, the level could flip into resistance. Such a scenario would likely trigger a short setup, with price action targeting the $105,500 support area or even extending lower if bearish momentum accelerates. This makes the $110,400 region a decisive battleground for traders closely watching intraday setups.

    On the other hand, Cryptowzrd pointed out that a strong reclaim and hold above $110,400 could shift momentum back in favor of the bulls, opening the door for further upside pressure. However, the crypto analyst emphasized that the market currently lacks clarity, and traders should exercise caution before rushing in.

    Bitcoin

    Godspower Owie

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