Bitcoin (BTC) technical analysis: Trade setup : After topping out at FWB:31K , price has been consolidating in a Channel Down pattern. We wait for a breakout. Bullish breakout above $28K would indicate Uptrend resumption, with upside to $32K resistance. Bearish breakout below FWB:25K would indicate onset of downtrend, with downside risk to $21.5K...
MATIC Network bounced off the lower boundary of ascending channel. Bullish movement to resistance level at 0.953 is possible.
Ripple (XRP) technical analysis: Trade setup : Bullish breakout from Channel Down, above $0.45, which could signal resumption of Uptrend with upside potential to $0.55. Momentum turned bullish again (MACD crossover and RSI crossed above 50 centerline). Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line...
Bitcoin is experiencing a pullback after a strong move that happened yesterday. It is bouncing off the support level and the Fibonacci 0.5 level. Bullish movement to resistance level at 28165 is possible.
Cosmos broke trough the ascending trendline. Asset broke trough the support level. Bearish movement to support level at 10.25 is possible.
Ethereum (ETH) technical analysis: Trade setup : After reaching $2,150 on a sharp run up, price was overbought with RSI > 70, traders began to take profits and price was consolidating in a Descending Triangle pattern. Now price has broken out of that pattern in the direction of existing Uptrend and could revisit $2K resistance level. Trend : Uptrend across...
DogeCoin (DOGE) technical analysis: Trade setup : Price is in a Downtrend and has broken below 200-day moving average, which is bearish. Now it’s trading in a Falling Wedge pattern and appears on a verge of bullish breakout. We wait for a bullish breakout from Falling Wedge, which would signal that buyers have finally absorbed the supply from sellers and the...
Arbitrum broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 1.44 is expected to happen.
Ripple (XRP) technical analysis: Trade setup : Bullish breakout from Channel Down, above $0.45, which could signal resumption of Uptrend with upside potential to $0.55. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest...
Ethereum (ETH) technical analysis: Trade setup : After reaching $2,150 on a sharp run up, price was overbought with RSI > 70 and traders began to take profits, triggering liquidations of leveraged long positions. Now it’s consolidating in a Bullish Flag pattern, which is a continuation pattern, meaning that it typically resolves in a bullish breakout in the...
Bitcoin (BTC) technical analysis: Trade setup : After topping out at FWB:31K , price has been consolidating in a Channel Down pattern. We wait for a breakout. Bullish breakout above $28K would indicate Uptrend resumption, with upside to $32K resistance. Bearish breakout below FWB:25K would indicate onset of downtrend, with downside risk to $21.5K...
Dogecoin bounced off the lower boundary of horizontal channel. Bullish movement to resistance level at 0.07396 is possible.
CRV bounced off the ascending trendline and bounced off the support level. Bullish movement to resistance level at 0.88 is expected to happen.
Litecoin (LTC) technical analysis: Trade setup : Break above $90 had failed to hold up and price broke back below this key leben and is approaching a support zone around $80 and 200–day moving average, which could be an attractive swing entry. Trend : Downtrend on Short-Term basis, Uptrend on Medium-Term basis and Neutral on Long-Term basis. Momentum is...
Litecoin bounced off the ascending trendline and bounced off the support level. Bullish movement to resistance level at 93 is expected to happen.
Trade setup : Bearish breakout from Sideways Channel ($60 - $90). Downside to $40 support. Price is up 70% since we highlighted GMX in Dec 2022 as our “Coin Pick” fundamental research recently highlighted GMX as a big beneficiary of FTX fallout. Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Bearish (MACD Line is...
CHROMIA bounced off the ascending trendline and bounced off the support level. Bullish movement to resistance level at 0.154 is expected to happen.