Crypto Charts Show Strong Technicals For Avorak AI, Shiba Inu and Dogecoin
With the constant bullish sentiments in crypto news today, many cryptocurrencies have been increasing in price. Recent crypto charts show strong indicators of Avorak AI, Shiba Inu, and Dogecoin having significant surges in their prices.
Avorak AI (AVRK)
Avorak AI is the latest AI crypto on the blockchain. It combines these two technologies to develop an extensive list of solutions under one interactive AI. The platform’s user input system will work on a text or voice-to-text basis.
Avorak AI is constantly proving its proclaimed devotion towards streamlining human-led tasks. The project’s AI trading bot recently made predictions that concurred with many crypto analysts. Avorak Trade uses deep learning and other machine learning (ML) mechanisms to analyze trends in large market-related datasets and offer predictions on the future prices of various asset classes. Additionally, the AI trading tool generates large indicators and includes services like TradingView to provide easy visuals. Avorak Trade will also encompass automated APIs, overlays, and notification systems to alert users of trend or pattern changes and make automated trades on their behalf.
Avorak has made it to the top crypto rankings with constant success in its ICO event. The platform recently entered phase 3 of the ICO, resulting in a 38.1% increase from its previous phase price and more than 100% from its initial price. Many Crypto analysts, such as Crypto Pablo, have talked of Avorak’s advantages over other cryptocurrencies and its growth potential.
Dogecoin (DOGE) is the most famous meme coin, gaining recognition from reputable figures like Elon Musk. Despite this, Dogecoin has faced significant challenges, such as competition from the growing number of meme tokens offering additional use cases, which have led to fluctuations in the DOGE price. However, since March 22, Dogecoin has been showing bullish indicators in crypto charts.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is a meme token inspired by the Shiba Inu dog breed and Dogecoin. Shiba Inu is, however, trying to move from meme coin status by making developments such as Shibarium. This has caused increased prices because of the hype constantly created by the Shibarmy. Despite speculations concerning the code of the recently released Shibarium beta testnet, Shiba Inu news has remained bullish. Several analysts predict a significant increase in the SHIB price by the end of the week.
Crypto news today is pointing towards a positive trend for Avorak AI (AVRK), Shiba Inu (SHIB), and Dogecoin (DOGE). The analysis of crypto charts shows strong technicals for these cryptocurrencies, indicating that they have the potential to perform well in the market.
For more information on Avorak AI and its ongoing ICO:
Buy AVRK: https://invest.avorak.ai/register
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Bitcoin Price Analysis – Technicals Reveal A Shocking Trend
Recently, Bitcoin (BTC) slipped below its 20-day MA and has been struggling to hold onto the $19,000 stable mark as well. Hence, the bearish movement seems very likely as the momentum indicators are also pointing to added negative pressure.
A popular crypto strategist and trader, Kaleo, has put forward a theory saying Bitcoin (BTC) is prepping for a rally that may shrug away many traders towards the sidelines.
It is very common for traders to look at the inverted chart of an asset to check on their bias from a different perspective. Similarly, Kaleo informs his 535,200 Twitter followers that he’s been doing the same for Bitcoin.
According to Kaleo’s assessment, a new Bitcoin trend is making its way as the leading crypto asset is gearing up for a massive move up.
Kaleo mentioned, “I’m seeing more 2018 bear market fractal comparisons being used for this range, and I’m really not a fan of the idea at all. In my opinion, we’ve already seen that major breakdown. We’re in the accumulation phase. The markup will catch everyone off guard.”
The analyst’s chart hints that Bitcoin is setting the pace for a rally that can propel BTC to around $40,000, which is more than a 100% surge from the current prices.
The crypto strategist is also noting the performance of the Grayscale Bitcoin Trust (GBTC), a financial instrument designed for institutional investors to gain exposure to Bitcoin without holding the underlying asset.
As per his analysis, GBTC’s recent price action is a close copy of its performance during the latter stages of the 2018 bear market. This might indicate that the asset is bottoming out and preparing for a recovery rally.
“Here’s another high timeframe fractal on the GBTC chart to support my bullish bias,” Kaleo says.
Kaleo predicts a Bitcoin rally to $20,000 for the short term. He says, “squeeze it back above $20,000.”
Can Bitcoin Surpass $19,000?
The disappointing trading pattern with respect to crypto assets is partly due to the general risk-off mood that has hit stocks and other risk assets since mid-August. With investors betting on a more hawkish Federal Reserve, a softer-than-expected CPI reading could spark a relief rally for Bitcoin and other crypto assets too. If this doesn’t happen, it will become difficult for Bitcoin to breach the current range of $19,000 anytime soon.