Investors or speculators who “buy the dip” wait until the price of any particular asset, security stock or crypto coin has fallen from its most recent high before they actually buy. They believe that the recent price drop is only going to be transitory or a short-term anomaly and that the setback presents an opportunity to purchase shares at a discounted rate. Some people get very rich using this strategy and you could be one of them by investing now in Ethereum (ETH), Fantom (FTM) and Chronoly (CRNO).
Ethereum (ETH) is looking very ‘dippy’
An important signal that “buy the dip” investors often look for is called a “rising wedge,” a traditional bearish reversal setup that appears when the market moves upward inside a range that is defined by two ascending yet convergent trendlines. If the trading volume falls along with the price increase, the wedge arrangement is further supported.
Theoretically, a rising wedge resolves when the price breaks through its lower trendline and looks to descend towards the level at which the distance between the wedge’s upper and lower trendlines is at its greatest height. This translates to a 15%–25% drop from the ETH price as it was just two weeks ago. Evidence of substantial outflows from investment funds lends credibility to the case for believing that Ethereum is dipping.
Fantom (FTM) has been going downhill for a while
Fantom is a decentralized finance (DeFi) blockchain system that supports a number of cross-chain bridges, yield optimizers, NT platforms, lending, and borrowing protocols. FTM is the native coin of Fantom. Curve Finance, Solidly, and SushiSwap are a few well-known dApps that the network supports.
Volatility has existed since FTM reached a high point in October 2021. On December 14, 2021, the FTM price fell to $1.27. It remained there for a few weeks before turning bullish on January 17, 2022, when it reached $3.30. However, the price has changed once more in line with the larger cryptocurrency market, falling under $2 in January. On 4th July, FTM dipped below $0.252.
Chronoly (CRNO) is rising not dipping
Chronoly is not actually in a dip. In fact, its price is rising but you could get very rich buying now before it rises much further. It has a compelling real-world use case, unlike many other tokens on the market. Chronoly (CRNO) tokens are backed by rare watches in the same way that state currencies used to be backed by gold. The Chronoly platform will make it possible for investors to invest in fractions of luxury watches from brands like Rolex or Richard Mille. These kinds of high-end luxury timepieces appreciate a lot in value over time, which makes them really interesting assets to invest in. Nevertheless, those kinds of pieces are not only extremely hard to get but also incredibly expensive. With Chronoly users will be able to buy fractions of those watches for as little as $10.
Because the project is still in the presale phase, now is a great time to invest in it. The crypto behemoths are fans of the idea. On May 5, 2022, the first auction was held and no less than 19 million tokens were sold. From $0.01 to $0.06, the price has already climbed by 500 % during the presale. Analysts anticipate that the token will list at a price of about $0.5 on September 27, the formal release date, providing holders with an additional 1,000% increase over the current value of CRNO.
Website: https://chronoly.io/
Presale: https://presale.chronoly.io/register
Telegram: https://t.me/Chronolyio
Twitter: https://twitter.com/Chronolyio
