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The influx of cryptocurrencies heralds a new era of investment opportunities. Investors are constantly looking to take advantage of the profit and growth potential this digital asset can offer. Avorak AI has highlighted potential trends in the charts of two popular cryptocurrencies, Bitcoin and Ethereum. According to Avorak AI chart analysis, Bitcoin and Ethereum are currently showing nine barriers on the higher time frame charts, a development that has caught the attention of many investors.
What is AI Avorak?
Avorak AI is an AI technology that integrates with the blockchain to implement comprehensive AI tools that simplify human-led tasks and improve crypto trading. In addition, Avorak AI has developed a writing assistant, Avorak Write, which seeks to produce quality content without repetition for marketers and other users who require volumes of content. By leveraging internet scraping and NLP, Avorak Write produces plagiarism-free content that fits the user’s style.
Avorak AI has conducted audits on its platform to improve security and transparency, and recently SolidProof audits outlines the platform’s commitment to security. AVRK Avorak AI Token is in the process of ICO phase five, having jumped 250% to trade at $0.210, and this increase will continue towards its listing date on the Azbit exchange. With an expected launch price of $1, early adopters will benefit from an increased AVRK value and an additional 6% bonus. Phase five will continue until May 10, when the price of AVRK will increase along with the next phase.
Avorak’s AI Tool for Bitcoin and Ethereum Investors
Investing in cryptocurrencies requires a solid understanding of market dynamics and trends that can affect their value. This is where Avorak’s AI technical analysis tool comes in handy, as it provides a systematic approach to studying and analyzing cryptocurrency price movements.
Avorak AI tools bundle consists of a trading bot that analyzes 24/7 market data and trending signals based on pre-programmed algorithms. Avorak’s trading bot, Avorak Trade, applies various strategies, including technical analysis to identify signals, bottlenecks and trends to predict the price movement of various cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, etc.
Bitcoin Fear and Greed Index
Bitcoin introduced the world to cryptocurrency when it appeared in 2009. As such, it is the most sought-after cryptocurrency with the most followers and largest market capitalization.
The Bitcoin Fear and Greed Index is a tool that measures the sentiments and emotions surrounding the Bitcoin market. It assigns a numerical value on a scale of 0-100, representing the degree of fear or greed in the market. The index takes into account market volatility, trading volume, social media sentiment and survey data, among other parameters. A high score indicates that investor sentiment is generally optimistic and bullish, while a low score indicates that investors are fearful and bearish. The Bitcoin Fear and Greed Index can provide insight into market psychology. When investors get scared, they sell their holdings, which causes a drop in the price of Bitcoin. Conversely, when investors are greedy, they tend to buy more, which causes the price to rise. By monitoring the Bitcoin Fear and Greed Index, investors can adjust their trading strategy accordingly. Whether an investor is planning active trades or long-term investments, AI technical analysis is essential for making wise decisions.
Will Ethereum Rise?
Ethereum is widely known along with Bitcoin and Dogecoin and is second in market capitalization. Its advanced blockchain technology and development of various features make it an interesting innovation. Ethereum presents a solid investment with the potential to generate huge returns for investors. Ethereum’s offering of smart contracts and dApps makes it a popular platform for building and deploying various applications in a decentralized manner. With its ecosystem constantly growing, there has been much speculation about whether Ethereum will continue to increase in value. However, it is very important to realize that the cryptocurrency market is volatile, and any price predictions must be scrutinized using a reliable AI tool such as Avorak AI.
Conclusion
As investors digest Bitcoin and Ethereum news, they turn to technical analysis to gain insight into market trends and make informed trading decisions. Avorak AI provides tools for those who closely monitor the market to see how it is progressing.
Find out more about Avorak AI and its ICO here:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any project. Read the full disclosure here.
Photo by micheile henderson on Unsplash
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