Ethereum prints a cup and handle pattern on the 4-hour chart, paving the way for an upswing above $2,000. Ether is in the hands of the bulls, as cemented by the MACD indicator. Ethereum has come out of the woods and is glancing toward a new all-time high past $2,000. The flagship smart contract token had been stuck beneath $16,000 following the breakdown to...
Ethereum engages strong reverse gears as declines remain unstoppable. Investors brace for a rollercoaster as overhead pressure intensifies on account of a double-top pattern. Ether must regain the ground above $1,500 and association the 50 SMA to come out of the woods. Ethereum's recovery from the dip under $1,300 at the beginning of the week suffered...
Bitcoin rejection from $52,000 leads to unstoppable declines under $50,000. Technical indicators flip bearish for Bitcoin, adding weight to the impending price drop. The IOMAP model reveals immense resistance ahead of BTC and robust support, hinting at a potential consolidation. Bitcoin continues to explore price levels under $50,000 following a recent...
Ethereum cuts short the uptrend to $2,000 on account of a double-top pattern. The 200 SMA significantly contributed to the ongoing overhead pressure. Ether will avoid losses to $1,440 if the 50 SMA support remains unbroken. Ethereum has not risen above $1,700 since the drop from all-time highs above $2,000. On the downside, the pioneer altcoin has tested...
Ripple faces challenging barriers toward $0.5, but a technical breakout is still in the offing. A golden cross pattern will signify the return of the bulls in the market. The MACD indicator signals the possibility of consolidation taking precedence in the short-term. Ripple’s bulls are focused on recovery despite the lethargic price action across the...
Bitcoin bounces off short-term support at $47,000 as bulls nurture the uptrend to $52,000. Bulls must defend the support at the 50 SMA on the 4-hour chart to avoid retreats toward $42,000. Bitcoin embraced support at $47,000 on Tuesday following the rejection at $50,000. Losses toward $42,000 had become apparent, especially after the 50 Simple Moving Average...
Ethereum is on the verge of a breakout, but first, it must break the 50-day resistance. A step beyond the ascending channel’s middle boundary will open the door for gains aiming for $2,000. Ethereum managed to sustain the uptrend above $1,400, avoiding the drop to $1,200. Recovery, although gradual, seems to be coming into the picture toward the end of the...
Ripple rejected at $0.45, abandoning a potential triangle breakout to $0.575. A breakdown to $0.3 is anticipated, especially if the triangle pattern's lower trendline is shattered. Ripple's uptrend was recently cut short under $0.45. Before the recovery, the cross-border cryptocurrency has established support at $0.4. A correction has come into play, forcing...
Bitcoin must reclaim support above the 50 SMA to allow bulls to shift the focus to $52,000. The MACD indicator has turned bearish, adding weight to the overhead pressure. Bitcoin temporally stepped above $50,000 on Monday, but bulls lost steam immediately, leaving open-air to be explored by the bears. Higher support has also become elusive, though the...
-ADA experienced over 400% of price growth in February -Price has risen in anticipation of the Mary Hard Fork -Bearish signals begin to appear Cardano proved to show its strength throughout the last 7 days as the cryptocurrency market as a whole went through a pullback from local highs. After the initial 2 day drop, ADA went on to set new all time highs passing...
-BNB retraces -46% from ATH of $347 -Daily chart confirmed breakout of descending triangle -MACD signals bullish for the first time in 11 Days on the 4hr BNB experienced massive growth throughout February growing nearly 600% in value in a mere 19 days. Since reaching highs of $347, BNB has experienced a healthy correction of nearly -46%. BNB had set a low on...
Bitcoin rebounds after testing support at $43,000 during the weekend session. The breakout from the falling wedge pattern reinforces the uptrend toward $58,000. Resistance is anticipated at $50,000, as highlighted by the 50 SMA and the 100 SMA. Bitcoin dropped to $43,000 after failing to overcome the resistance at $52,000 last week. The weekend session was...
-XRP has retraced -44% from weekly highs of $0.65 -XRP is dangling above $0.415 support -XRP has failed to break its downtrend line 5 times XRP has went through a wild week as the SEC pre-trial came to no conclusion on the 22nd of February. Investors came to expect some positive news from the SEC lawsuit as XRP has failed to join this current bull run....
Ethereum rejection at $1,700 leads to losses under $1,500. A double-bottom pattern brings hints at a potential recovery toward $1,800. If support at $1,400 fails to hold, Ether could drop to $1,200. Ethereum could not continue with the upswing following the breakdown to $1,400 due to the selling pressure at $1,700. The bulls abandoned the mission to hit...
Bitcoin risks dropping to $35,000 on account of a bear flag pattern. The RSI's negative divergence adds weight to the bearish narrative. Bitcoin will abandon the breakdown if the flag pattern fails to confirm and transforms into a channel. Bitcoin price has engaged reverse gears after the bulls' inability to sustain the price above $50,000. The flagship...
Ethereum recovery hits a barrier at $1,700, forcing bulls to seek refuge at the 200 SMA. Ether bulls are not relenting in the fight for gains towards $2,000. The correction toward $1,400 will continue if it loses support at the 200 SMA. Ethereum has made a considerable recovery from the drop in price earlier in the week. The losses followed a rejection from...
Dogecoin bounces off from the support at $0.04, setting the ground for gains above $0.11. DOGE is looking forward to a triangle breakout targeting a more than 100% move. The upswing may fail to materialize if the immediate 50 SMA support is broken. Dogecoin is teetering at $0.05 after recovering from the dip that occurred across the market earlier in the...
Ripple rebounds after support at $0.37; all eyes target $0.65 in the near-term. The improving technical picture suggests that bulls are back in control. If the immediate resistance at $0.5 is not broken, XRP may embark on the breakdown to $0.35. Ripple dropped like a dead weight in the air amid the declines on Monday and Tuesday. The widespread losses...