Past Performance of Cardano Cardano is firm, printing higher after finding support on February 14. There are hints of strengths as buyers look to build on recent gains. ADA prices broke above the recent $0.05 range turning the previous upper limit at $0.40 to support, reading from the formation in the daily chart. For bulls to sustain this, today’s close must be...
Past Performance of Bitcoin Bitcoin prices are up 16 percent from last week's lows, reversing losses of February 9, and, most importantly, trending in a new Q1 2023 high. Based on this formation, it is clear that the trend has shifted and buyers have the upper hand. With the coin above $24k and roaring with expanding volumes, traders can look to double down,...
Past Performance of Ethereum Ethereum is lower at spot rates, within a bear breakout formation. The ETH price is below the 20-day moving average and is down 10 percent from this month's highs. Even though buyers are confident, the short-term trend will only change should ETH break above $1.7k. #Ethereum Technical Analysis ETH is in range. The upside is limited...
Past Performance of Bitcoin Bitcoin is firm when writing, springing higher from the $22.5k support line. BTC is up two percent in the last 24 hours, steady, and likely to build on yesterday's gains. Even though prices are inside the bear bar of February 9, gains are with rising volumes, pointing to participation, a net positive. As we advance, traders can search...
Past Performance of BNB BNB is down 15 percent from last week. Yesterday's bar was bearish and engulfing with a spike in trading volumes. Since the bar is breaking down below the middle BB, that is, the support, and has high participation lines; it signals that the uptrend is over. Subsequently, traders may search for entries to sell, targeting key support lines...
Past Performance of Bitcoin The bitcoin price is lower at spot rates, down five percent in the last trading week. From the daily chart, BTC remains within a bearish breakout formation, below the bull flag. On February 13, prices edged lower as the bar aligned with the lower BB, signaling broader weakness across the board. Presently, sellers remain in control, a...
Past Performance of Bitcoin Bitcoin is down from recent highs and steady when writing. From the daily chart, prices remain in a tight consolidation, marking the general state of affairs over the weekend. As it is, the failure of buyers to reverse losses and push higher indicates that bears are still in control. Most importantly for traders, the February 9 bear...
Past Performance of Litecoin Litecoin is also bearish, following losses in the second half of last week. Bears have the upper hand, especially if prices are inside the bearish bar of February 9 and with lighter trading volumes. As it is, traders can watch out for how prices react at around $102 and $90. A breakout below $90 could see LTC retrace in an expected...
Past Performance of Monero After encouraging gains from November 2022, Monero is retracing, finding resistance at around the $170 to $190 zone. It is currently down roughly 20 percent from recent highs. As it is, every high is an unloading opportunity for aggressive traders expecting deeper corrections. Because the drawdown is with rising volume, indicating...
Past Performance of Bitcoin Bitcoin prices fell on February 9, candlestick arrangement reveals. The coin is down three percent in the last trading day and eight percent in the previous week. The trend is shifting, favoring sellers after a strong performance from mid-December 2022. #Bitcoin Technical Analysis Bitcoin prices fell yesterday, dropping below the...
Past Performance of EOS After rising roughly 35% from December lows, EOS prices remain in a consolidation. The uptrend remains, but whether this will continue depends on the breakout direction. Technically, bulls must shake off any attempt to press the coin lower. Any surge above $1.1 may see the coin rally to November highs. #EOS Technical Analysis EOS is...
Past Performance of Bitcoin Bitcoin prices are volatile at spot rates, reading from the performance in the daily chart. Prices edged lower yesterday, only for bullish pressure to develop during the New York session. Overall, buyers stand a chance, provided prices are inside the bull flag. In the days ahead, traders can watch how prices react either above$24k or...
Past Performance of Dogecoin Dogecoin is down 41% from November 2022 highs but remains within a bullish formation. Prices are trending higher, inside a large rising wedge, forming a bull flag. Unless there are sharp gains below immediate support lines, sellers may flow back. For now, traders can watch $0.098 if buyers are to take charge. If not, losses below...
Past Performance of Bitcoin Bitcoin prices are stable at spot rates, steady inside a bull flag as demand for the coin during the New York session supported prices. With the dynamic support line by the middle BB still vital in shaping BTC's short to medium-term formation, traders may look for entries on break out. Any surge above the bull flag may see the coin...
Past Performance of DASH DASH prices have more than doubled at spot rates. Changing hands at over $60, the coin is within a bullish breakout formation. The rejection of lower prices as bulls force prices higher above last week's highs point to demand and confidence on buyers' part. The uptrend is firm as long as DASH is trading above August 2022 highs. #DASH...
Past Performance of Bitcoin Bitcoin is firm, and buyers appear to be soaking in selling pressure, reading from the BTC price action in the daily chart. BTC is trading above the middle BB and $22.5k, the immediate support level. As it is, aggressive traders can load on dips. However, conservative traders can wait for prices to tear above the bull flag and $24k...
Past Performance of ETHBTC The uptrend remains valid, but ETH buyers have been flowing back. In a retest of the previous support line, buyers found resistance at 0.072BTC. There is a double bar formation signaling weakness. For ETH buyers to take over, there must be strong reversals of yesterday's losses with rising volumes. In that case, ETH will snap back to...
Past Performance of Bitcoin Bitcoin is relatively low, dropping on the last trading day as the upside momentum fades. The coin is down six percent from last week's highs. At yesterday's pace, BTC may post more losses in the days ahead. However, the drawdown could be accelerated should there be losses below $22.5k as BTC melts below January 30 lows. #Bitcoin...