Past Performance of Bitcoin Bitcoin prices are down seven percent after cratering on June 1. After what appeared to have been a strong higher highs, yesterday’s pullback is dashing for optimistic bulls. Notably, there is a three bar formation in the daily chart indicating bearish sentiment whose confirmation today could further slow down recent advancement. ...
Past Performance of Cardano After two months of sharp losses from early April, the recovery at the tail end of May is a net positive for ADA bulls. At spot rates, ADA is up 50 percent from 2022 lows and trading above the trend defining bear bar of May 11 in a breakout. Cardano bulls are firm, reading from the ADAUSDT price formation in the daily chart. #Cardano...
Past Performance of Bitcoin Bitcoin is on the cusp of breaking above the first major barrier at $32k, reading from the formation in the daily chart. After solid gains on May 30, the failure of buyers to conclusively follow through on May 31 may still provide entry for traders to accumulate. Ideally, entries below $32k and May 30 trade range would be perfect. At...
Past Performance of Polkadot The rising crypto market tide is lifting Polkadot bulls, as per the performance in the daily chart. DOT is stable on the last trading day and up three percent in the previous trading week. Still, bulls appear to be building up, solidifying their base. Confirmation of the close above the middle BB of May 30 could spark demand, lifting...
Past Performance of Bitcoin Bitcoin bulls are up roughly three percent at spot rates and trending higher above the bear flag. Following gains on May 30 above the bear flag, BTC prices may likely trend above $32k and break above the recent consolidation. The failure of bears to press lower and force prices below the $28.7k mark is an endorsement of strength, a net...
Past Performance of Chainlink Currently, Chainlink prices are steady versus the USDT and BTC. Even though the dominant trend is bearish, there are signs of strength and shifting momentum. Nonetheless, this isn't dismissive of bears. While LINK has added nine percent versus the USDT, the coin is still below the middle BB. At the same time, the push higher is with...
Past Performance of Bitcoin BTC prices are encouragingly up in the last trading day, breaking above the middle BB. Despite general optimism and some traders saying the bear run is exhausted, Bitcoin prices are still below critical resistance levels. In the past trading day, Bitcoin is up four percent but down 34 percent from April 2022 highs. #Bitcoin Technical...
Past Performance of ETHBTC BTC bulls have the upper hand over ETH prices as per the ETHBTC daily chart. BTC is trading at the highest point versus ETH in 2022 at spot rates following the close below 0.065 BTC on May 26. At this pace, BTC bulls are in control, and every attempt to retest 0.065 BTC may offer entries for Bitcoin bulls to double down. #ETHBTC...
Past Performance of Bitcoin The Bitcoin price action of the past two weeks has been largely uneventful. A key thing to note is that there are no clear breakouts above or below immediate reaction points. Currently, BTCUSDT prices are below May 11 highs and above the $28.7k mark. There was a dose of volatility during the early NY session on May 26. At press time,...
Past Performance of Bitcoin Bitcoin prices are moving inside a $3.5k range as trading volumes dry up. From the daily chart, the liquidation level is at May 11 highs. Although buyers are upbeat, BTC prices are still in a bear breakout formation pattern. BTC is up two percent in the past trading week. At the same time, it is at break-even with the USDT in the past...
Past Performance of EOS EOS prices are stable versus the USDT. Buyers still haven't unwound the losses of May 12 as per the EOSUSDT candlestick arrangement in the daily chart. Overall, EOS is within a tight horizontal consolidation with caps at $1.44 and $1.23. #EOS Technical Analysis Presently, EOS crypto prices are inside a bear bar of May 12, suggesting...
Past Performance of Polkadot DOT prices are relatively steady at spot rates but are up roughly 37 percent from 2022 lows. Bears still have an advantage and are in charge of the current trend. Notably, prices are oscillating inside the recent wide-ranging bear bar of May 18. This bar is inside the main sell candlestick of May 11, pointing to struggling bulls...
Past Performance of Bitcoin BTC prices are inside a $3.5k trade range for two straight weeks with clear support at $28.7k. Technically, BTCUSDT is within a bear breakout formation, and the current pattern is a bear flag. Therefore, until there is a definite breakout, either above $32k or $28.7k, traders should stay on the sidelines waiting for trend definition....
Past Performance of Bitcoin Bitcoin prices are posting higher highs when writing, soaking bear pressure and improving general trader sentiment. While there are positive gains, BTCUSDT prices are trending inside a bear flag. Therefore, unless there are comprehensive, high-volume gains above immediate liquidation levels, bears still have the upper hand from an...
Past Performance of Litecoin Litecoin is up three percent at press time and break-even versus the USDT in the past trading week. LTCUSDT prices are trending inside a narrow $10 range with caps at $73 and $63, respectively. Although there are hints of strengths, the failure of Litecoin bulls to conclusively close above $83 and the middle BB points to weakness. ...
Past Performance of Cardano When writing, Cardano prices are in a $0.20 trade range and within a bear breakout continuation pattern. Despite gains over the past 24 hours, ADA bulls haven't satisfactorily reversed losses posted in the first half of May 2022. Technically, ADAUSDT remains in a bear breakout formation pattern with attempts for higher highs capped at...
Past Performance of Bitcoin BTC prices are up three percent in the past 24 hours. However, BTCUSDT is consolidating as per the candlestick arrangement in the daily chart. Although Bitcoin bulls may drive prices above the immediate resistance at around $32k, sellers are still in charge with a clearly defined support at last week's lows. #Bitcoin Technical...
Past Performance of Bitcoin The Bitcoin price is still under pressure and struggling against a wave of determined sellers despite May 19 gains. From the daily chart, BTCUSDT is stable as losses of May 18 were reversed yesterday. Still, the coin is under pressure after deep losses of early last week. The coin is currently down 23 percent from May highs and is...