Darkex Evening Analysis – Octubre 23, 2024

Tarde-Análisis-3D

RESUMEN DEL MERCADO

Última situación de los criptoactivos

Activos Último precio 24h Cambio Dominación Market Cap
BTC $66,398.00 -0.88% 57.42% $1.31 T
ETH $2,572.00 -1.86% 13.53% $309.77 B
SOLANA $166.56 0.07% 3.42% $78.39 B
XRP $0.5261 -1.13% 1.30% $29.84 B
DOGE $0.1375 -2.16% 0.88% $20.14 B
TRX $0.1597 0.06% 0.60% $13.82 B
CARDANO $0.3540 -1.51% 0.54% $12.38 B
AVAX $26.65 -3.54% 0.47% $10.86 B
SHIB $0.00001764 -2.57% 0.45% $10.41 B
ENLACE $11.37 -6.57% 0.31% $7.13 B
DOT $4.227 -2.21% 0.28% $6.38 B

*Prepared on 10.23.2024 at 13:30 (UTC)

LO QUE QUEDA ATRÁS

What’s Tesla’s Target?

Electric vehicle giant Tesla still holds 11,509 Bitcoins, despite the massive activity in its wallets over the past week. Tesla’s Bitcoin balance remains unchanged, onchain platform Arkham Intelligence said on Martes. In a statement on the X platform, Arkham said: “We believe that the Tesla wallet movements we reported last week were actually wallet rotations and that Bitcoins are still held by Tesla. The company moved 11,509 BTC ($776.9 million) to new wallets.”

Million Dollar Investment in Bitcoin from Metaplanet

Metaplanet raised $66 million in funding with the support of individual investors and increased its Bitcoin purchases, bringing its holdings to 855 BTC.

Vitalik Buterin criticizes Michael Saylor’s Bitcoin comment

Vitalik Buterin criticized Michael Saylor’s comment in an interview that it is better to keep Bitcoin in large institutions and banks. Buterin said, “I used to argue that everyone should keep their own crypto money in the ‘mountain man style’, but now there is no need for this with new technologies. Therefore, I can easily say that what Saylor said is complete nonsense,” he said.

Ripple-SEC Case Nears Deadline

As the Ripple-SEC case reaches a critical milestone on Octubre 24, Ripple aims to eliminate the sanctions imposed by the SEC as the deadline for its Form C filing approaches.

LO MÁS DESTACADO DEL DÍA

Datos importantes del calendario económico

Tiempo Noticias Expectativa Anterior
14:00 US Existing Home Sales (Sep) 3.88M 3.86M
16:00 US FOMC Member Barkin Speaks
18:00 US Beige Book

INFORMATION
*The calendar is based on UTC (Coordinated Universal Time) time zone.

El contenido del calendario económico de la página correspondiente se obtiene de proveedores de noticias y datos fiables. Las noticias del contenido del calendario económico, la fecha y hora del anuncio de la noticia, los posibles cambios en las cifras anteriores, las expectativas y las cifras anunciadas son realizadas por las instituciones proveedoras de datos. Darkex no se hace responsable de los posibles cambios que puedan surgir de situaciones similares.

BRÚJULA DE MERCADO

Rising dollar and bond yields continue to weigh on global asset prices. European stock markets are generally trading in negative territory, while US futures are pointing to a down opening of around 0.3-0.5% from yesterday. Major digital assets also declined further during the European session.
The yield on the US 10-year note rose to 4.248%, the highest level since late Julio. The dollar index is also at its highest levels since early Agosto. FED officials have generally advocated slower rate cuts in their recent statements. Recent macro indicators also pointed to a better-than-expected health of the national economy. Kansas City Fed President Schmid said that he is in favor of a slower pace of interest rate cuts, aligning himself with Minneapolis Fed President Kashkari and Dallas Fed President Logan, who believe that modest and gradual rate cuts are needed. On the other hand, former President Trump’s lead in the presidential election according to Polymarket and the widening gap between him and Harris was another factor that set the stage for a rise in the dollar. It is thought that the federal budget deficit will grow with Trump, who is in favor of increasing spending, and this may bring high inflation again.

As we mentioned in our morning analysis, the direction of the movement in bond yields and the dollar may determine the direction of asset prices in the short term and should be monitored. The retracement after the recent rise in digital assets has found its cause in traditional markets as the pieces of the equation mentioned above have shifted. The statements of FED officials expected to make statements today and the Beige Book to be published may be effective in price changes. We maintain our expectation that the long-term upward trend will continue. We think that the ongoing decline today is in line with our expectation of a short-term pullback, which we mentioned earlier. If the upward trend in bond yields and the dollar continues, this pullback may widen. However, for this to happen, the existing reasons need to be strengthened, i.e. FED officials and the Beige Book need to produce results that confirm slower rate cuts. Otherwise, markets may adapt to the current conditions and limit their recent declines.

ANÁLISIS TÉCNICO

BTC/USDT

As we mentioned in our analysis in the morning, we witnessed a retreat in the Bitcoin price with the dominance of the bears in the short term in the market dominated by bears and bulls. Declines in Bitcoin to gain momentum before the new ATH level will be effective in collecting demand. As the US elections approach, the increasing likelihood of D.Trump’s win every day creates an optimistic atmosphere in the Bitcoin price in the long term, while the current government may bring to mind the possibility of Bitcoin sales. In such a scenario, it may be very difficult to measure the depth of the declines.
If we look at the BTC technical outlook, the price, which retreated with selling pressure at 69,500, the level at which it peaked, moved to the minor support level of 67,330 for a while, unable to hold here, allowing it to test the Fibonacci 0.786 (66,351) level. Hourly closes below this level may bring a move towards 0.618 (64.946). It is noteworthy that our technical indicator, the wave trend oscillator, has not yet received an upward signal in the 4 hours. Otherwise, a reaction from the Fibonacci 0.786 (66.351) support level with the effect of optimistic weather may move the price back to the 67.330 level.

Supports 66,350 – 64,946 – 63,960

Resistances 67,330 – 68,140 – 69,510

BTCUSDT

ETH/USDT

ETH is trying to hold on to the critical support zone mentioned in the morning analysis by falling to 2,571. Although the Relative Strength Index (RSI) for ETH, which has been in a downward trend since Domingo, is still negative, it shows that it may soon experience a slight reaction rise as it converges to the oversold zone. We see that horizontal movements continue in Chaikin Money Flow (CMF). It seems important to maintain the 2,571 level despite the scenario that slow declines, especially in volume-free environments, harden with certain breaks. The break of this level may cause the decline to deepen and cause a reaction at 2.521 levels. Again, as mentioned earlier, it can be said that it is important to see closes above 2,669 for a positive outlook.

Supports 2,571 – 2,521 – 2,440

Resistances 2,669 – 2,700 – 2,815

ETHUSDT

LINK/USDT

With the loss of the 11.64 support emphasized in the morning analysis, weaknesses seem to continue for LINK, which fell to the next support level of 11.36. Chaikin Money Flow (CMF), Relative Strength Index (RSI), Commodity Channel Index (CCI) and momentum continue to be negative, and it can be said that the decline may deepen with the break of the 11.36 level during the day. If this level is maintained, a slight rise converging to 11.64 levels may be experienced. However, it seems that the 11.64 level must be regained in order to regain a positive outlook.

Supports 11.36 – 10.99 – 10.60

Resistances 11.64 – 12.04 – 12.25

LINKUSDT

SOL/USDT

Solana reached an all-time high of $7.9 million in daily real economic activity. Looking at the chart, SOL, which has been moving horizontally since our morning analysis, continues to be above the 50 EMA (Blue Line) 200 EMA (Black Line) on the 4-hour timeframe. This could mean that the uptrend will continue. The price broke the 163.80 level, an important resistance, on volume, ensuring the continuation of the uptrend that started on Octubre 10. However, the Relative Strength Index (RSI)14 indicator started to fall from the overbought zone. This could allow it to test the 163.80 level, a strong resistance. The 181.75 level is a very strong resistance point in the uptrend driven by both macroeconomic conditions and innovations in the Solana ecosystem. If it rises above this level, the rise may continue strongly. In case of possible profit sales, support levels 163.80 – 161.63 should be followed. If the price comes to these support levels, a potential bullish opportunity may arise.

Supports 163.80 – 161.63 – 155.11

Resistances 167.96 – 171.50 – 178.06

SOLUSDT

ADA/USDT

According to Santiment, Cardano development activity has fallen by 14% in the last seven days, but Cardano remains the fourth largest crypto asset in network and protocol development. On the 4-hour chart, the price is pricing above the 50 EMA (Blue Line) and the 200 EMA (Black Line). At the same time, the 50 EMA has been below the 200 EMA since Octubre 6. As of today, the 50 EMA has broken the 200 EMA to the upside. This shows us that the trend may have been in an upward trend. The Relative Strength Index (RSI)14 indicator showed an uptrend and supported the 50 EMA, indicating an increase in money flow, which could be a bullish signal and the price could break the first resistance at 0.3651. At the same time, ADA, which tested the ceiling level of the ascending triangle pattern for the fourth time, tested the base of the ascending triangle pattern at 0.3514 and started to rise. If the rise continues, it may test the resistance level of 0.3651 once again. If it fails to break the 0.3651 level, it can be followed as a good buying place by pointing to a potential decline towards the 0.3514 support zone again.

Supports 0.3514 – 0.3469 – 0.3393

Resistances 0.3651 – 0.3735 – 0.3809

ADAUSDT

AVAX/USDT

AVAX, which opened today at 27.65, rose slightly during the day and is trading at 27.67. Today, there is no planned data to be announced especially by the US and expected to affect the market. For this reason, it may be a low-volume day where we may see limited movements. News flows from the Middle East will be important for the market.
On the 4-hour chart, it is in the Bollinger lower band. Relative Strength Index value is in the oversold zone with 32 and it can be expected to move to the middle band by rising slightly from these levels. In such a case, it may test the 27.20 resistance. On the other hand, sales may increase in case of news of increasing tension in the Middle East. In such a case, it may test 26.03 support. As long as it stays above 25.00 support during the day, the desire to rise may continue. With the break of 25.00 support, sales may increase.

Supports 26.54 – 26.03 – 25.53

Resistances 27.20 – 28.00 – 28.55

AVAXUSDT

TRX/USDT

TRX, which started the day at 0.1603, fell slightly during the day and is trading at 0.1599. There is no scheduled data for the market today. The market will be closely following the news flows regarding the tension in the Middle East.
On the 4-hour chart, it is in the upper band of the bearish channel. With a Relative Strength Index value of 60, it can be expected to decline slightly from its current level. In such a case, it may move to the middle band of the channel and test the 0.1575 support. However, it cannot close the candle below 0.1575 support and may test 0.1626 resistance with the buying reaction that will occur if news flow comes that the tension in the Middle East is decreasing. As long as TRX stays above 0.1482 support, the desire to rise may continue. If this support is broken downwards, sales can be expected to increase.

Supports 0.1575 – 0.1550 – 0.1532

Resistances 0.1603 – 0.1626 – 0.1640

TRXUSDT

DOT/USDT

Death Cross took place on the Polkadot (DOT) chart. The EMA50 (Blue Line) broke the EMA200 (Red Line) downwards, which we mentioned in our previous analysis. After this breakout, the price lost the 4,250 support level. When we analyze the Money Flow Index (MFI) oscillator, we see a positive divergence between it and the price. Buyer pressure seems stronger than the Chaikin Money Flow (CMF) oscillator. According to these situations, if the price can maintain above the 4,250 level, we may see a movement towards its next target of 4,380 resistance level. In the negative scenario, after losing the 4,250 band, the price may retreat to the next support level of 4,150 bands.

Supports 3.875 – 4.150 – 4.010

Resistances 4.250 – 4.380 – 4.510

DOTUSDT

SHIB/USDT

Shiba Inu (SHIB) SHIB, which lost the 0.00001810 level, reacted from the 0.00001765 support level. When we examine the Chaikin Money Flow (CMF) oscillator, we see that there is a positive divergence between it and the price. SHIB, which reacted from the 0.00001765 support level, may move up from these levels when considered together with the positive divergence with CMF. In the negative scenario, if the 0.00001765 support level is broken down with increasing selling pressures, we can expect a reaction from the next support level of 0.00001720.

Supports 0.00001765 – 0.00001720 – 0.00001620

Resistances 0.00001810 – 0.00001900 – 0.00001970

SHIBUSDT
AVISO LEGAL

La información sobre inversiones, los comentarios y las recomendaciones que figuran en este documento no constituyen asesoramiento en materia de inversiones. Los servicios de asesoramiento en materia de inversión son prestados individualmente por instituciones autorizadas teniendo en cuenta las preferencias de riesgo y rentabilidad de los particulares. Los comentarios y recomendaciones aquí contenidos son de carácter general. Estas recomendaciones pueden no ser adecuadas para su situación financiera y sus preferencias de riesgo y rentabilidad. Por lo tanto, tomar una decisión de inversión basándose únicamente en la información aquí contenida puede no producir resultados acordes con sus expectativas.

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