DAILY CRYPTO MARKET ANALYSIS
March 6/4/2022
ADA/USD
After printing a double top candlestick pattern on the hourly chart Cardano price action made an attempt to trade below $1.2c support as the overall market sentiment dwells in a bearish condition. In essence, the price of Cardano will hit near-term support at $1 if at all the volume of the bears outweigh that of the bulls.
BTC/USD
Moving in line with the trend BTC/USD price action could make a positive come back to the upside as denoted by the technical analysis representations on the price chart.
ETH/USD
Ethereum resumed bearish trend to the south after hitting resistance along $3485. However, if the value of Ethereum should plunge below $3234 support the entire price action of the asset would meet near term support at $2981.
LINK/USD
LINK/USD could resume strong bearish price action soon if at any moment its find a chance to trade below $15.
LTC/USD
From the hourly chart, Litecoin resumed bullish rally to the north after making a bearish retest to the $118 support. However, across the higher time frame, the price action of litecoin remain unchanged as sideways chart pattern surface the entire price chart.
SHIB/USD
Shiba price action poses an indecision market sentiment after the price movement of the asset was spotted to be printing a consolidation candlestick pattern that's enclosed in a rectangular box. In general, if the value of Shiba should break below the box, the value of the asset will resume bearish price action to the South.
XLM/USD
The price action of stellar plunged aggressively to the bearish region after facing strong bullish rejection along $0.24 resistance. Nevertheless, the value of stellar could hit near-term support at $0.17 if at all the volume of the sellers outperform that of the bears.
For more quality crypto market analysis choose CryptoMarketDarts.com to get the best out of the digital currency market
March 6/4/2022
ADA/USD
After printing a double top candlestick pattern on the hourly chart Cardano price action made an attempt to trade below $1.2c support as the overall market sentiment dwells in a bearish condition. In essence, the price of Cardano will hit near-term support at $1 if at all the volume of the bears outweigh that of the bulls.
BTC/USD
Moving in line with the trend BTC/USD price action could make a positive come back to the upside as denoted by the technical analysis representations on the price chart.
ETH/USD
Ethereum resumed bearish trend to the south after hitting resistance along $3485. However, if the value of Ethereum should plunge below $3234 support the entire price action of the asset would meet near term support at $2981.
LINK/USD
LINK/USD could resume strong bearish price action soon if at any moment its find a chance to trade below $15.
LTC/USD
From the hourly chart, Litecoin resumed bullish rally to the north after making a bearish retest to the $118 support. However, across the higher time frame, the price action of litecoin remain unchanged as sideways chart pattern surface the entire price chart.
SHIB/USD
Shiba price action poses an indecision market sentiment after the price movement of the asset was spotted to be printing a consolidation candlestick pattern that's enclosed in a rectangular box. In general, if the value of Shiba should break below the box, the value of the asset will resume bearish price action to the South.
XLM/USD
The price action of stellar plunged aggressively to the bearish region after facing strong bullish rejection along $0.24 resistance. Nevertheless, the value of stellar could hit near-term support at $0.17 if at all the volume of the sellers outperform that of the bears.
For more quality crypto market analysis choose CryptoMarketDarts.com to get the best out of the digital currency market