• Bitcoin shows confirmation rejection for weekly bearish sentiment.

• Ethereum continues to grow slowly due to high validator fees.

• Some low volume AI projects on Binance could generate good profits.

The main cryptocurrency of the market is attending the next movements due to the news that promulgates the launches of the investment funds (ETF). Huge whales and with great capital there are no limits and they have made the total capitalization rise measurably.

On June 27, volatility is expected to increase to surprising peaks, since the launch of the first investment fund for Bitcoin by the company Volatility Shares was made official.

Personal conclusion. It always happens in this market that some manipulate the price so that others buy cheaper and thus get more profit by liquidating many. In that we can summarize the fight between the SEC, Binance and Coinbase.  Merely, market manipulation.

Technically, Bitcoin was pushed on a weekly basis by Bullish Engulfing, literally breaking the major resistance at $27641.12, creating a downtrend confirmation rejection and invalidating our previous Elliot model.

Now it is clearer, there is a wave 2 correction and we are in a weekly wave 3, it could surpass the barriers of $31856.21, $32759.17 and close monthly above $33141.45, if the launch of the fund is in favor of those who are placing their positions in a long sense.

Otherwise, the last candle can be consumed and create a false bullish sentiment subdued by the greater number of short positions, causing the price to retract between $28828.10 and $27640.92.

Second Largest Capitalization

Ethereum continues to break its price in an accumulation channel between $1691.6 and 1941.6. Weekly wave 2 in development with selling price at $1961.32 and volatile index towards a high volume inconsistency in the price of $1560.23.

Traders seem to lose interest in the asset and cause the price to freeze and there is no clear bullish consistency. It is necessary that Ethereum traders break the limit of $1961.32, $2133.05 and touch the SMA of 100 periods at the exact price of $2308.02 to consider a real change of trend and sentimental continuation in favor of the bulls.

Infrastructure Tailored To Capacities

NewsBtc wrote that this proyect is autonomous decentralized organization that is based on blockchain technology, ensuring transparency across all the processes. All financial transactions made in Phoenix are processed by Ethereum Virtual machine, a global decentralized computer that stores information on transactions made within this system.

As discribe MEXC Blog, Phoenix Global is primarily a Binance Smart Chain driven network which hosts next-generation consumer-focused DApps. As a consumer-driven protocol, PHB crypto empowers businesses by providing them with blockchain technology that supports the development of DApps to enhance customer experience.

Performing a weekly technical analysis, and according to Binance data, it can be seen that this cryptocurrency is currently in a correction trend in wave 2 monthly and wave 4Y weekly, respectively. Traders could be buying in the price range of approximately $0.6044 and $0.7365.

A sure entry, out of the lion's den, is in the cumulative mean between $0.6846, $0.7513 and $0.7668. Triumphal entry above $0.8644 where many could get their first profit.

Smart Data For Decisions

Binance Blog says that Measurable Data Token (MDT) is an Ethereum-based, decentralized data exchange ecosystem that allows users to monetize and control their own data, while providing data buyers an efficient data trading platform.

The project also aims to provide accurate, real-time and actionable consumer insights to businesses via Measurable AI. Token is an ERC-20 token, used as the medium of payment for data purchases and user reward programs.

The interesting thing about this project, and under technical parameters, is the gradual volatility of the projected price towards the price of $0.106, but with volume that has not changed since 2020.

For now, the asset remains defining weekly wave 2 and within an accumulation channel between the price ranges of $0.3391, $0.0456 and $0.0411. But a real trend reversal is above $0.0526.

Decentralized World Computer

Cortex is a public blockchain infrastructure that supports the execution of AI algorithms and AI-powered dApps, as wrote Binance Blog.

Cortex provides a platform for AI developers to upload their models onto the blockchain and incorporate them into smart contracts. Cortex uses PoW network consensus to verify every step of the machine-learning inference.

The CTXC token is used as a fee for transactions and smart-contract executions. When a transaction is invoked, Endorphins fees (similar to Ethereum’s Gas fee) are not only allocated to miners who help package the block on the full node but also used to pay the AI model providers.

Interpreting the technical data of this token, we see that it is in a cumulative zone between the price range of $0.1299 and $0.1671, in a correction wave C.

Traders should break the weekly EMA at $0.1826 to confirm a trend fork towards the bulls. But a safe entry is above $0.1984 with profit in the medium term almost at $0.267.

Disclaimer: This is an informative article. Rubikkav is a media outlet and financial publisher, it does not promote, endorse or recommend any investment in particular without first making prior inquiries or carrying out the respective technical and fundamental analysis. It is worth noting that investments in crypto assets are not regulated in some countries. They may not be appropriate for retail investors, as the entire amount invested could be lost. Check the laws of your country before investing.

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