Basic Attention Token is looking forward to a possible upswing from a bull flag pattern. Support above $1 is critical to the upswing, likely to be validated by price action beyond the 50 SMA. Losses will come into play if the descending parallel channel support is broken. Basic Attention Token is trading is dealing with a retreat following a majestic upswing...
Ripple continues to with the uptrend following a break above the stubborn resistance at $0.5. An ascending triangle pattern eyes a massive upswing to $1.12. Losses under $0.5 may see the bearish leg extend back to the 200 SMA at $0.35. Ripple is nurturing an uptrend aiming for new yearly highs. This upward movement appeared after the cross-border token...
Bitcoin bounces off support at the 50 SMA as bulls clear the path toward $65,000. Massive buy orders will likely be triggered as soon as Bitcoin breaks above $60,000. Bitcoin has embraced higher support despite the seller congestion at $60,000. Declines have been halted at $56,000, leaving the major support at $54,000 untouched. At the time of writing, BTC is...
Bitcoin breaks out of a falling wedge but runs out of steam before tackling $60,000. A death cross pattern on the 4-hour chart hints at increasing selling pressure in the near-term. Bitcoin embraced support at $54,500 during the recent dive under $60,000. Improving short-term technical levels have led to a formidable recovery, with Bitcoin moving closer to...
Ethereum spikes above a descending triangle pattern, hinting at a breakout to $2,000. Ether must hold above the 50 SMA and $1,800 to secure the uptrend. Ethereum held firmly to the support at $1,700, halting the correction from last week’s high of around $1,940. The buyer congestion at this zone called off the bearish leg, eyeing lower levels toward...
Ripple is on the verge of a massive move if a technical pattern on the 4-hour chart matures. XRP must settle above $0.5 to come out of the woods, focusing on higher levels toward $0.6. Ripple has been among the digital assets that managed to comfortably weather down the widespread declines at the beginning of this week. The cross-border token corrected toward...
Cardano breaks out of a descending triangle pattern, aiming for a 48% upswing to $1.6. The MACD has validated the bullish outlook on the 4-hour chart. Cardano has surged by more than 48% in the last 24 hours. The rally occurred in spite of the lethargic upward price action in the market, coupled with the broad-based declines at the beginning of the week. The...
Bitcoin struggles to secure support at $54,000 as a drop to $50,000 becomes apparent. The short-term analysis shows that the least resistance path is downwards. Support above $54,000 will shift the bulls’ attention toward $60,000. Bitcoin lifted to new all-time highs above $60,000 over the weekend. The real break saw the flagship cryptocurrency hit a barrier...
Ethereum tumbles below the ascending channel as losses to $1,400 linger. The downtrend is validated from a short-term technical perspective based on the MACD. Support above the 200 SMA and a move past the 50 SMA would lead to gains targeting $2,000. The cryptocurrency market is swimming in in red waters following the bearish wave on Monday. Ethereum dropped...
Polkadot is trading at the apex of a symmetrical triangle pattern ahead of the anticipated liftoff to 50. The resistance at $40 remains the biggest hindrance to the bullish outlook. Polkadot is among the few cryptoassets set to begin the week in the green. Bitcoin surprised many by making a real break above $60,000 over the weekend. DOT is most likely...
Bitcoin has bounced off immediate support around $59,000 and is moving toward $70,000. The least resistance path is upward based on the applied moving averages. Failure to break above the ascending channel's middle boundary may increase selling pressure, perhaps push BTC under $60,000. Bitcoin broke out during the weekend to trade a new all-time high of...
Hedera Hashgraph engages reverse gears on failing to rise above the all-time high of $0.2821. HBAR is seeking higher support, but a worsening technical picture hints at a correction to the 50 SMA. Hede ra Hashgraph must clear the resistance at $0.2821 to open doors to gains above $0.3. Hedera Hashgraph has witnessed an incredible rally since the beginning and...
Bitcoin fails to enter a new price discovery mode due to a rejection suffered marginally above $58,000. BTC risks breaking down massively amid the formation of two bearish patterns. Support is anticipated at $56,000, 54,000 and $52,000 to halt the declines before reaching $50,000. Bitcoin has come very close to breaking the all-time high of around $58,330,...
Ethereum fights to regain the position above $1,800 but is still vulnerable to declines. A rising wedge pattern on the 4-hour chart hints at the impending breakdown. Support above $1,800 will keep bulls focused on highs beyond $2,000. Ethereum had closed in on $2,000 from the beginning of the week. However, the momentum lost steam slightly above $1,800,...
Bitcoin cuts through $56,000 as buyers look forward to gains toward $60,000. A golden cross pattern on the 4-hour chart validated the bullish outlook. Support at $54,000 must be defended at all costs to avoid potential declines to $50,000. Bitcoin has drawn much closer to $58,000 after slicing through 56,000. The flagship cryptocurrency’s uptrend is mainly...
Ripple is drawing closer to a rising wedge pattern breakdown. Closing the day under the 50 SMA would validate the downswing to $0.4 Ripple must bring down the resistance at $0.5 to come out of the woods. Ripple is holding between a crucial resistance and support as the Asian session gives way to the European session on Wednesday. The cross-border token has...
Binance Coin technical breakout stalls at $300, delaying the anticipated upswing above $500. BNB is in the hands of the bulls based on the MACD on the 4-hour chart. Support is anticipated at the 100 SMA and 50 SMA, likely to prevent declines to $205. Binance Coin continues to outperform other altcoins, leading recovery amid lethargic market action. Over the...
Bitcoin makes a technical breakout, aims for new all-time highs above $60,000. The ascending triangle is a bullish continuation pattern, validating the expected upswing. Bitcoin is trading above $53,000 for the first time since the February drop from the all-time high of $58,000. The flagship cryptocurrency embraced the support of around $42,800 before...