Bitcoin knocks at the Bollinger band middle boundary resistance while nurturing a new uptrend. A falling wedge pattern points at BTC potential breakout above $60,000. The hurdle at the 100 SMA on the four-hour chart could lead to an increase in overhead pressure. Bitcoin slumped to $56,000 on Wednesday following widespread declines in the market. The...
Ethereum bulls defend ascending channel's middle boundary support on the daily chart. Price action past $2,000 may trigger massive buy orders as $2,500 beckons. The MACD shows that the uptrend is not secured and declines will likely come into the picture. Ethereum has been on an upward role since the beginning of March, as observed on the daily chart. The...
The flagship cross-border token hit a multi-year high at $1.1. The trend is in the bull's hands despite the hunt for higher support. A correction under $1 would trigger declines likely to test $0.8 and $0.6. Ripple has been like Usain Bolt on steroids over the last few days. The cross-border token had significantly suffered following the lawsuit filed against...
Bitcoin trades in a rectangle pattern ahead of a potentially massive breakout. The short-term analysis validates BTC’s range trading based on the MACD. A break below the 100 SMA and the 200 SMA on the four-hour chart may culminate in massive losses toward $50,000. Bitcoin has for over a week now been stuck under $60,000. However, the downside has also been...
Polkadot spikes to new all-time high after crossing above the stubborn resistance at $40. The upswing hit a barrier at $47, cutting short the journey to $50. DOT is likely to consolidate before the next significant move toward new all-time highs. Polkadot finally made it above the crucial $40 level. The move triggered massive buy orders as investors...
Ethereum extends the journey above $2,000, eyeing another all-time high around $2,500. The trend is in the bull's hands, especially with the MACD line crossing above the signal line. Ethereum has been defying apparent gravitational force to post new all-time highs above $2,000. The flagship altcoin ignored a double-bottom pattern explored last week, paving...
Elon Musk puts Dogecoin in the spotlight with his literal tweet. DOGE pumped to closed to $0.07 but immediately corrected to $0.057. Dogecoin must hold above $0.06 to avert potential losses back to $0.05. Dogecoin has become a household name in the cryptocurrency industry, with its social volume surpassing that of Bitcoin on several occasions. The 'Meme Coin'...
Ethereum restores the uptrend toward $2,000 after embracing support at $1,800. ETH bulls look forward to price action past $2,000, which may trigger more buy orders. A potential double-top pattern could sabotage the upswing, allowing a correction toward $1,550. Ethereum managed to close the day above $1,800, confirming to investors that market stability was...
Bitcoin is moving toward a colossal breakdown likely to test lows under $53,000. A falling wedge pattern on the four-hour chart presents a bearish outlook for BTC. Bitcoin has for some time been stuck in a narrow range between $58,000 and $59,500. Attempts to hit highs above $60,000 have been thwarted. At the time of writing, BTC is teetering at $58,700 while...
Polkadot hits a snag under $35, abandoning the upswing to highs past $40. DOT seeks support at the 50 SMA on the 4-hour chart while trying to avert declines under $30. Polkadot had staged an impressive recovery on Monday, extending the bullish leg from the recently formed support at $27. The token hit highs above $30 and pushed for gains beyond $35. However,...
Ripple faces resistance at the descending trendline and $0.6. Declines may come into the picture if the 50 SMA support in the 4-hour chart breaks. Ripple struggles to hold above the short-term support at $0.55 following a failed attempt to touch $0.6. A descending trendline has capped the immediate upside on the 4-hour chart. XRP is doddering at $0.56 at the...
Bitcoin nurtures an uptrend to $62,000 as investors respond to Visa’s groundbreaking news. BTC is in the hands of the bulls based on the MACD on the 4-hour chart. Bitcoin is exchanging hands slightly above $58,000 in the wake of a key technical breakout. Price action has been consistently bullish since Visa Inc. announced that it would start accepting...
Ripple heads back to $0.6 upon finding support at $0.4. The resistance at $0.54 must come down to validate the upswing to $0.6. Losses under $0.5 may revisit the support at $0.4 and perhaps extend to $0.35. Ripple and THETA are the best performing cryptocurrencies in the top ten list. As discussed, THETA has rallied more than 32% in the last 24 hours but...
THETA rallies towards all-time highs following a bounce from key support at $10. The MACD has a bearish impulse, suggesting that THETA would correct toward the 50 SMA. THETA is among the few double-digit gainers in the cryptocurrency market. This token has had a tremendously yielding first quarter of 2021. THETA has quickly grown from a less known...
Ripple rejected at the resistance between $0.55 and $0.6, resulting in declines to $0.45. The MACD has reinforced the downtrend following the dip to the zero line on the 4-hour chart. Ripple made an about-turn move following the failure to sustain gains above $0.55. Initially, the cross-border token had stepped above $0.6, but again the momentum lost steam,...
Ethereum hit a wall slightly above $1,700, opening Pandora’s box for losses under $1,600. The least resistance path is downwards based on the MACD. Ethereum abandoned the mission to lift to $2,000, slightly above $1,700. Losses came into the picture with Ether falling below several key support levels, such as $1,650 and $1,600. At the time of writing,...
Bitcoin’s formed double-bottom pattern on the 4-hour chart points the price towards a considerable liftoff. The 4-hour MACD illustrated that sellers have more control over the price. Bitcoin is slightly in the red toward the end of the Asian session on Tuesday. The largest digital asset by market capitalization has sought higher support following another...
Cardano price prints a bullish technical pattern on the 4-hour chart, hinting at an incoming breakout. The falling wedge pattern may elevate ADA to $1.35, jumpstarting the recovery to a record high of around $1.48. Cardano is among the few cryptocurrencies trading double-digit gains among the top 50. The market is dotted in green; however, price action...