Just like that, another regular trading week is ending. The last 5 days were a rollercoaster ride for crypto as inflation concerns started to take hold of investors’ decisions.
EthereumPoW (ETHW) and Ethereum (ETH) made great leaps on Friday’s early session after Bitcoin (BTC) hit back at the $19,000 zone.
The Hideaways (HDWY) ended the week with an impressive run as the price doubled to $0.045.
EthereumPoW (ETHW) is in a Descending Triangle
One of Ethereum’s (ETH) popular proof-of-work forks, EthereumPoW (ETHW), extended recovery on Friday.
ETHW started the week at the $3.6 zone as investors cheered over Binance’s completion of its tokens following The Merge.
The token exchanges hands with a 10.49% hike to $6.46 – nearly double its Monday selling price. It now carries a market capitalization of $779 million.
Still, ETHW’s trading volume shows a hint of exhaustion after settling at $68.40 million, down nearly 34% during the session. Also, the price is still down 50% in the last 7 days.
Our general advice is to take profit while prices are reasonable and reinvest them on a steadier project with a vast potential to make it big this year, like The Hideaways (HDWY).
If we zoom out on EthereumPoW’s (ETHW) daily chart, we can see a more gloomy outlook. Candlesticks have formed a descending triangle pattern which hints at a continuation of a bearish performance.
Ethereum (ETH) Recovers as Bitcoin (BTC) Enters $19,000 Again.
Ethereum (ETH) did not lose time to keep track of the market recovery and hiked 7% to $1,352.60 in the 24-hour charts.
Bulls will now push forward and target the $1,400 level, a proven tough resistance for buyers. A successful breach at this zone can send prices to $1,800.
On the downside, failure will lead to a repeat selloff that will take prices back to $1,200.
The bears currently rule Ethereum (ETH) ‘s chart. Relative Strength Index struggles to move past 40.0, switching back and forth from the round figure to 43.70.
From this, analysts do not advise traders to enter ETH if they are in it for short-term trading. As of late, the token does not have the momentum for swing highs.
The best opportunity to profit from current volatility is through The Hideaways (HDWY), which has recently awarded the market a 100% increase on its holdings this week.
The Hideaways (HDWY) Massive Week After Jump To $0.045 From $0.02
The Hideaways (HDWY) is a tokenized real estate investment that gives importance to real-world utility.
Unlike existing NFT projects primarily dependent on investors’ demand and calculating their imagined intrinsic value, The Hideaways (HDWY) is backed by real estate properties.
The project plans to find properties to buy and, through the power of blockchain, crowdsource the property purchase and handle all rental and event management. This means you get a minimum of 20% passive yield on your property.
The Hideaways (HDWY) is audited by SolidProof, with another audit coming from the #1 crypto security firm – CerTik. They also are locking liquidity forever, better than other presales and are making sure to lock the team tokens for 2 years – this is the best and more secure environment for a presale.
Check them out:
Website: https://www.thehideaways.io
Presale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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