BlocksInform
After a Santa rally in the first month of 2023, cryptocurrencies are starting to move sideways, which suggests a time of profit booking for retail investors as well as crypto whalesCryptographic whales record profits, and it's time to account for profits even for retail investors. Most altcoins face resistance around the previous medium, making crypto predictions difficult for experts. It is interesting to note that the prices of spare parts may change in both directions. If prices break down, they will become bullish in the long run. Or they will continue the downward trend that began in March 2022.
Most altcoins face resistance around the previous medium, making predictions of crypto complex for experts. It is true that all altcoins are different, and their graphic models are dependent on the feeling and use cases of blockchain technology. That is why today we will analyze a small number of assets that have seen significant transactions. It will help you decide how important it is to keep your hard-earned money in these assets over the long term.
Aave (AAVE)
After continuing the long downtrend from October 2021 finally, the AAVE weekly chart crossed the baseline of Bollinger Band in January 2023, but it does not suggest a change in momentum. It does not imply a change of momentum. The bollinger strips lack volatility, and after forming five weekly green candles, it begins to become red, suggesting a pressure of sale.
Over the past half-year, aave/usd was exchanged in the range of $50 to $90, and we can see a lateral movement in the coming months until it passes through the resistance in a decisive manner. Technically rsi is more than 50, and macd is neutral with green histograms that suggest a positive impulse for the short term. Higher volume and depressing weekly candles suggest selling pressure.
Loopring (LRC)
After forming five weekly green candles, the LRC/USD price has been in an uptrend, but the Bollinger Band lacks volatility, and $0.55 is a strong resistance for the long term, so we do not think it will cross this level in the next few months. If it breaks resistance, the active price may be bullish over the long term. If it breaks the $50 support, it will continue the downward trend in 2023. Loop (lrc)after forming five weekly green candles, the lrc/dollar has been in an upward trend. The bollinger strip lacks volatility, and $0.55 is a strong resistance for the long run, so we don't think it will cross that level in the coming months.
So we can look forward to a downward trend. While 2023 will be a volatile year, we would not be able to accept a long-term bullish investment until it resolutely trades at more than $0.55.
The increase of the volume of the exchanges suggests a time of accounting of the profits.
