BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin fell for a second consecutive day after the U.S. Federal Reserve interest rate decision.
Following a high of 27,289.77 on Wednesday, BTC/USD dropped to a low of 26,703.77 earlier in today’s session.
The Fed’s decision to pause has led to dollar strength, with USD hitting its most substantial level since April versus the British pound.
As a result of the BTC drop, the 14-day relative strength index (RSI) fell below a support point at the 55.00 level.
Price strength now stands at 52.45, and appears to be heading for a lower floor near the 45.00 region.
Should the index fall to this floor, there is a good chance that Bitcoin could be hovering near 26,000.
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MATIC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this MATIC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Polygon (MATIC) also hit multi-week highs on Wednesday.
MATIC/USD reached 0.5486 at the start of today's session, bouncing back from a low of 0.536 a day earlier.
The move pushed Polygon to its strongest level since September 8, when the token reached a high of 0.5586.
Earlier gains have faded, and the RSI appears to have failed to break out of its range at the 49.00 mark.
Currently, price strength stands at 47.34, however, momentum remains largely bullish ahead of a potential moving average crossover.
The 10-day (red) and 25-day (blue) trend lines are on the verge of moving up, which could lead to a fresh surge in prices.
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XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, formerly Ripple, was a notable gainer in today’s session, as the token raced to a multi-week high.
Following a low of 0.5092 on Tuesday, XRP/USD raced to an intraday peak at 0.5233 earlier in the day.
As a result of the surge in price, XRP climbed to its highest point since August 31, when the price peaked at 0.5285.
the move came as the relative strength index (RSI) broke free of a ceiling at 48.00.
At the time of writing, the index is tracking at 50.66, with bulls possibly targeting a ceiling at 58.00.
In the event traders reach this target, there is a strong chance XRP will move above 0.5500.
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ETH/USDT 8HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) also slipped lower during today’s session, which can also be attributed to traders opting to secure gains.
Following a high of 1,669.02 on Tuesday, ETH/USD dropped to a low of 1,621.36 earlier in the day.
the world’s second-largest cryptocurrency fell close to a support point of 1,620.
Price has since rebounded, with ethereum trading at 1,631 at the time of writing, owing to bulls choosing to reject a breakout.
An earlier failed breakout attempt seems to be the reason for the decline, with the RSI unable to rise above a ceiling of 49.00.
Price strength now sits at 45.72, with a floor of 40.00 as a possible target for short sellers.
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BTC/USDT 8HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin started the day trading marginally lower, as markets prepared for the highly anticipated Federal Reserve interest rate decision.
BTC/USD dropped to an intraday low of 26,918.32 on Wednesday, following a peak at 27,488.76 the day prior.
the FOMC will give an economic forecast, which could provide some forward guidance on future policy decisions.
One of the catalysts for the drop in price was the relative strength index (RSI), which fell below a ceiling at the 60.00 mark.
The index is now tracking around the 57.08 level and is moving towards a support point at 55.00.
momentum remains largely bullish, with today’s decline largely due to profit-taking ahead of the Fed announcement.
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ETH/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ETH successfully retested above the descending triangle with a decent volume and it also breakout the Ichimoku cloud. Currently, it is retesting above the Ichimoku cloud and an effective retest would confirm the continuation of the bullish move.
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BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- BTC successfully retested above the descending triangle with a decent volume and it also breakout the Ichimoku cloud. Currently, it is retesting above the Ichimoku cloud and an effective retest would confirm the continuation of the bullish move.
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BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BCH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Another big mover on Monday was Bitcoin Cash (BCH), which surged by as much as 5% in today’s session.
Following a low of 205.78 on Sunday, BCH/USD rallied to an intraday high of 221.88 to start the week.
bitcoin cash briefly broke out of a ceiling at 222.00, hitting a three-week high in the process.
This surge has pushed price strength to a collision with a resistance level of its own, at the 60.00 mark.
The index is tracking marginally above this point at 61.44, which is the highest area it has hit since July.
Should it continue to move past the aforementioned ceiling, there is a chance that BCH will be near 240.00 in the coming days.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin surged to a multi-week high on Monday, as traders began to anticipate the upcoming Federal Reserve meeting.
BTC/USD rallied to an intraday high of 27,222.98 earlier today, following a low of 26,415.52 the day prior.
bitcoin climbed to its strongest point since August 31, when price peaked at 27,576.
Despite the rise in momentum, bulls may not be satisfied and are likely targeting a ceiling at the 28,000 mark.
Monday’s gain comes as the relative strength index (RSI) jumped past a ceiling of 53.00, and is now residing at 58.25.
A resistance level of 60.00 will likely be the next primary target for bulls in the market.
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XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP was a notable gainer on Friday, as the cryptocurrency climbed higher for a fourth straight session.
XRP/USD peaked at a high of 0.5051 earlier in the day, which comes a day after trading at a low of 0.4824.
As a result of today’s gains, XRP, formerly Ripple, rose to its highest point since September 1, when the price traded at a high of 0.5115.
the move occurred after the token broke out of a resistance level at 0.4920.
This took place as the relative strength index (RSI) briefly escaped a ceiling of its own around the 38.00 mark.
Price strength now sits at 38.42, with the next visible point of resistance at 42.00.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin remained near a two-week high on Friday, as traders continued to digest the latest US retail sales figures.
Following a low of 26,285.50 on Thursday, BTC/USD rallied to an intraday high of 26,774.62 earlier in today’s session.
This peak saw bitcoin trade at its strongest point since August 31, when the price peaked over the 27,500 mark.
it appears that today’s bullish sentiment comes as the relative strength index (RSI) moved towards a ceiling of 52.00.
price strength is tracking at 51.96, which has led some previous bulls to abandon their positions.
BTC has now retreated to a current level of 26,617.31, however, traders will likely make another run towards 27,000 in the coming days.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Additionally, ethereum (ETH) was also in the green on Thursday, as price rose above a recent support point.
ETH/USD reached a high of 1,635.82 earlier in today’s session, less than 24 hours after trading at a low of 1,593.11.
The move resulted in the world’s second-largest cryptocurrency climbing above a key price floor at 1,620.
today’s rally coincided with the RSI moving past a ceiling of its own at the 40.00 mark, and it now sits at 44.00.
This latest rebound has increased the possibility of an upward cross, and should this happen, ETH will be trending closer to 1,700.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin remained in the green for a second consecutive session, ahead of the upcoming U.S. retail sales report. Consumer spending is expected to fall lower, which comes as inflation increased last month.
Following a low of 26,084.80 on Wednesday, BTC/USD surged to a peak of 26,529.50 earlier in today’s session.
Looking at the chart, the surge comes as the relative strength index (RSI) broke out of a ceiling at 45.00.
price strength is tracking at 49.04, which is marginally below a ceiling at the 53.00 mark.
Should it move beyond this, there is a good chance that bitcoin will rise above the $27,000 level in the coming days.
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TON/USD 12hour UPDATE BY CRYPTO SANDERS !!hello, welcome to this TON/USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Toncoin (TON) was one of today’s biggest movers, as markets were buoyed by the news that it was partnering with Telegram.
Following a low of 1.73 on Tuesday, TON/USD rose to an intraday peak of 1.95 earlier in the day.
This surge resulted in toncoin rising by as much as 13%, nearing a recent high of 2.05 in the process.
the move led to the relative strength index (RSI) colliding with a ceiling at the 66.00 level.
Earlier gains have since faded as a result of a failed breakout beyond this point, leading to TON now trading at 1.93.
In order to move above 2.00, the aforementioned ceiling on the RSI must first be broken.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin was once again trading above the 26,000 level in today’s session, as markets prepared for the upcoming U.S. inflation report.
Following a low of 25,781.12 on Tuesday, BTC/USD rose to an intraday peak of 26,451.94 earlier in the day.
The move comes as the world’s largest cryptocurrency continued to move away from a recent three-month low.
Wednesday’s surge in price comes as the 14-day relative strength index (RSI) jumped past a ceiling of 44.00.
the index is tracking at a reading of 47.23, with the next visible point of resistance at the 50.00 mark.
If this level is reached, there is a good chance that BTC will be trading closer to 27,000.
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BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BCH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin cash (BCH) rose by as much as 6% on Tuesday, as bulls returned to the market following recent declines in price.
After falling to a low of 181.38 to start the week, BCH/USD raced to a peak of 198.93 earlier in the day.
This rally saw bitcoin cash snap a four-day losing streak, which pushed the price close to a support level of 180.00.
it appears that this was the trigger bulls needed in order to return to the market.
The 14-day relative strength index (RSI) also bounced at its own floor at the 35.00 mark and is now tracking at 37.58.
Should today’s momentum extend through the rest of the week, there is a good chance that BCH will rise towards a critical resistance level of 220.00.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) has also experienced a high level of volatility in the past 24 hours, falling to a multi-month low in the process.
ETH/USD dived to a low of 1,533.43 during yesterday’s session, before rebounding, and is currently trading at 1,619.11.
As a result of Monday’s drop, ethereum fell to its lowest level since March 12, when price was under 1,500.
today’s rally saw the RSI move away from the oversold zone, and it is now at a reading of 41.52.
This is marginally above a ceiling of 41.00, with a level of 50.00 the apparent target for short-term bulls.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin fell to a three-month low towards the end of Monday’s session, as bears pushed the price below the 25,000 level.
BTC/USD plunged to a bottom at 24,930.30, to start the week, which was its lowest point since June 15.
The world’s largest cryptocurrency has since rebounded, with price peaking at 26,258.05 earlier in the day.
the decline came as the 14-day relative strength index (RSI) briefly moved below support at 35.00.
Bulls have since reentered the markets following the slippage, buying the dip, and pushing price strength to a current reading of 46.50.
The next visible point of resistance appears to be at the 52.00 mark, and should price strength reach this point, BTC will likely be above 26,500.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) edged lower to start the week, with price falling below the $1,600 level on Monday.
After peaking at 1,627.67 on Sunday, ETH/USD raced to an intraday low of 1,581.79 during today’s session.
This resulted in the world’s second-largest cryptocurrency falling to its lowest level since August 22.
The decline arrives as a breakout occurred on a price floor of 1,620, with bears rushing into the market as a result.
Price strength is now oversold, and is tracking at 31.27, with the next support point at the 28.00 zone.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin started yet another week trading under the 26,000 level, as traders began to prepare for upcoming U.S. economic releases.
BTC/USD slipped to a low of 25,620.46 earlier in today’s session, after ending the weekend at a peak of 25,978.13.
Monday’s decline in price saw bitcoin continue to hover close to a key support point at the 25,600 region.
The slippage comes as the 14-day relative strength index (RSI) moved closer to a floor of its own at the 35.00 mark.
the index is tracking at a reading of 37.09, which comes after failing to break out of a ceiling of 45.00 last week.
Should bulls reject a drop below 35.00, there is a good chance that BTC reverses in the coming days.
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TRX/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this TRX/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Tron is the current outlier in our list, as it managed to register an increase of 1.8% this week. This is surprising, considering most altcoins are in red
This performance can be explained by the price action, which placed TRX in an uptrend since the start of the year. The price has been making higher lows and higher highs for months now, and this has not stopped to date.
Tron has support at $0.077, and if buyers persist, they could take the price back to the key resistance at $0.086. If so, the uptrend would likely continue for some time still.
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ADA/USDT 1DAT UPDATE BY CRYPTOSANDERS !!hello, welcome to this ADA/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Cardano is also found in a flat trend above the key support at 25 cents. For this reason, its price registered a minor loss of 1.3% this week. Sellers were unable to break this support even though they tried several times.
While ADA bulls have shown strength so far, bears could continue to put pressure on the key support. If more tests happen, buyers could become exhausted, which can create an opportunity for a breakdown.
the price action appears fragile to any renewed volatility across the market, particularly if the market leaders such as BTC and ETH decide to drop lower. In such a case, ADA could go to 24 cents again.
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XRP/USDT 3DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP has been consolidating around 50 cents for a while now and closed the week with a minor loss of 1.7%. This cryptocurrency has strong support at 47 cents, which is not far from the current price. If sellers return, then this level could be tested again, similar to mid-August.
The resistance is at 56 cents, and so far, buyers have not been able to test this level. This lack of strength on the buy side could continue for some time as the overall price action remains bearish.
XRP appears to want to hold around 50 cents, which is a key psychological level. The current flat trend seems likely to persist, and so long the price does not lose its support at 47 cents, a recovery could follow once the consolidation ends.
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