Ethereum is currently in a tricky situation.

If it closes below $2090 which is currently the previous higher low, we can get the first lower low in months which can trigger selloff continuation towards the next support at $1730.

ETH is bouncing from the previous higher low which is a pretty good sign for all the bulls in the market since we keep that level as support.

Let's see if we're going to get higher close which would be really good.

Bitcoin reacting very well to the support area of the previous lower low.

This could mean few bullish days in the market.

As it stands so far, the beginning of the week should be green.

ADA consolidation getting really tight.

What's your opinion on ADA?
anonymous poll

I'm bullish – 245
👍👍👍👍👍👍👍 54%

I'm bearish – 205
👍👍👍👍👍👍 46%

👥 450 people voted so far.

Our latest forecast didn't go as I expected since I forgot to look at the weekly timeframe which doesn't look that bullish.

On this timeframe, next two targets are $31 200 and $29 500 with a chance of reaching $25 000 (EMA 100)

Bearish daily close ended up consolidation for ADA in bears favour.

What can we expect next?

Well, with this price action, we are definitely targeting a test of $1, probably even lower.

Cardano (ADA/USD pair) is back in the safe zone for bulls.

The test of the green zone at $1 was successful and very needed because gave us confirmation that we have very strong support at $1.

Need few more daily closes above daily EMA 100 so we can start building the new trend to the upside.

We got a new weekly close and we'll be going through major coins to check the chart and make a forecast for this week.

Ethereum made a great bounce from the support zone at $1700 but it's still in the range and we should wait for bullish confirmation.

In this case, it would be a daily close above daily EMA 100 which would be the start of the new phase of the uptrend.

We're still far from some strong uptrend and we need more time to build a strong basis to expect to see similar action we saw in Q1 2021.

The #Bitcoin inflation rate briefly fell to 0.71% on 27-June, the lowest level in history.

Blocks will be mined slower when large volumes of hash-power come off the network, and prior to the difficulty adjusting down (estimated to be -27.6% on 3-July).

We building the basis for the next phase of the uptrend 🔥

What to do when the market is getting less and less volatile?

1) Avoid high leveraged positions.

The reason for this is that you can not predict in which direction the market will go.

Even if you guess the direction, you may be stopped out before the market goes in your desired direction.

2) Avoid forcing trades

These are the times people feel bad for not taking any trades for days or even weeks.

It's part of the market cycle and you have to understand that these times will come sooner or later. If you don't have a setup, simply don't take a trade and that's it.

3) Wait for the trend to establish

Once we get the new trend. either up or down. that's the time you should start looking for setups and taking trades.

Hope this helps!

Put the focus on the reason and make it more detailed not a word or two 😒

Buying the dip after China ban has usually been a profitable strategy.

India the second largest population country working on a bill to introduce cryptocurrency regulations. If crypto is regulated we will see a lot of new investors in crypto space. The adoption is just getting started.

DOT/USD looking good.

It seems like it's breaking from this triangle and the target for this move up is $20.

Good luck to those who decide to buy.

If you want confirmation, it is a daily close above $17.

DOGE/USD

What's your opinion on DOGE/USD trading pair?
anonymous poll

I'm bearish – 116
👍👍👍👍👍👍👍 67%

I'm bullish – 57
👍👍👍 33%

👥 173 people voted so far.

We can all agree that DOGE price was mostly impacted by Musk and his tweets.

But, if we look at the chart, we can see the potential for reaching $0.30 in the next few days.

We have no guarantee of that happening of course but the overall chart is looking good but we need close from this falling wedge that would confirm our forecast.

According to the data from SimilarWeb in June a cumulative web traffic to cryptocurrency exchanges has decreased by 42%.

In July, I hope we all gonna make it back.