![]() ![]() On the other hand, it is highly optimistic that the Flux's future will ultimately grow. FLUX was anticipated to touch a maximum price level of $1.27 by the end of 2025, according to analysts. Therefore, the calculated price for the year 2025 is bullish. The Flux value will increase because of the efforts of the network developers and community investors. Of course, there are chances that the market will dump after a long bull run and It is normal for cryptocurrency market. If everything goes smoothly, we predicted the maximum price of Flux could be up to $0.91 in 2024. It appears that by 2024,Flux (FLUX) prices will have reached a level similar to their previous all-time high.By 2024, We may expect an average price of $0.76. The maximum price is expected to be trading around $0.61. ![]() The year 2023 can end with an average price of $0.55 and a minimum price value of $0.52. Certain that the long-term price prediction for FLUX's price will soar since there is still optimism that the currency will attract much more attention. He mentions indicators like a massive spike in Google searches for crypto, the Bitcoin fear and greed index with readings over 90, and Coinbase being among the top five downloads in the App Store as red flags that the market is in a state of euphoria.There are signs that the crypto market is about to enter a new age. Davis suggests being fearful when others are greedy and vice versa. This phase is characterized by wild exuberance, with people posting pictures of their new wealth and making outlandish price predictions. Market Euphoria: The final worst time to buy, according to Davis, is during the market’s euphoria stage.If the news still seems bullish, it might be worth investing if not, it’s likely best to avoid buying. He advises investors to consider how they would feel about the news if the price were to drop by 50% in three weeks. Investors who buy in response to big news often find themselves providing exit liquidity when the initial buzz wears off. Big News Stories: While significant news stories can improve a coin’s long-term fundamentals, Davis warns that the short-term price impact often leads to a subsequent drop.Instead, he recommends waiting for a breakout or a retracement for a safer move. He points out that low volume at resistance levels can indicate that a move is running out of steam, making it a dangerous time to buy. He uses Bitcoin as an example, illustrating how buying at resistance can lead to losses when prices fall. Resistance Levels: Davis warns against buying when a coin is pumping and hitting resistance levels. ![]() But using the MACD (Moving Average Convergence Divergence) in conjunction with the RSI could have indicated a potential trend reversal, helping investors avoid a 70% drop. For instance, he points out that the RSI on Matic topped out at 97.5 just a couple of days before a significant price drop. However, he emphasizes that the RSI should not be used in isolation. ![]() He explains that when the Relative Strength Index (RSI) hits over 90, it’s usually a red flag that the market is overheated.
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