Explosive growth slows down The total capitalization has almost reached the level of $340 bln, which is $10 bln more than on Friday. The increase is due both to Bitcoin and to the top altcoins, as well as some coins of the second tier. Unlike on Friday and Saturday, by the beginning of Monday, we are not seeing 30-40 percent “rockets” for individual assets. In...
In the course of the prolonged correction, Ripple suffered more than many other coins, so it is not surprising that in the absence of negative fundamental news (as in the case of Litecoin), it is recovering faster than the market. On Thursday, XRP price exceeded the targets we set yesterday and almost reached $0.67. Overcoming this mark is a key factor for...
Unlike other assets, Monero will encounter a few more parallel descending channels on its growth path before the downtrend will release this coin from its embrace. One obstacle was respectably overcome yesterday, the next is at the level of $200. Similar to the Bitcoin graph, we see a bullish flag with a $215 target. As often happens, this goal finds several...
Despite the false downward break of the "cup with a handle" figure, further developments turned out to be positive for investors. Assisted by the explosive growth of the rest of the market, Ethereum reached its first goal of $475, fell back a little, and after several attempts broke the boundary of the long-term descending channel. Encouraged by their success, the...
At the beginning of the day, Bitcoin was not doing very well. The figure that we analyzed in yesterday’s review was punctured downward, technical indicators and graphical analysis suggested that a further fall is not only possible but probable. Altcoins joined the main asset in the dreary outlook. But, at exactly 11 a.m. (UTC) a mysterious buyer appeared on the...
Once again, many parallels can be drawn between the graphs of Litecoin and Ripple, so we will keep this brief. We also see a surge in buyer activity, confirming that despite all adversity, Litecoin cannot be completely discounted. In case of continued ascending movement, the main task of the bulls will be breaking through the boundary of the descending channel...
Another airdrop boosts a coin’s price Former unity is gone from the top 10- the coins are growing without any regard for their neighbors. Today’s absolute leader is EOS, growing by 50 percent- an incredible feat for a top asset! This growth was sponsored by the news about the upcoming airdrop of eosDAC tokens for all EOS holders with the support of the large...
While the first half of Wednesday was filled with doubt and caution, by the end of the day there was a breakthrough, all positions were in the green, trading volumes increased many-fold and the market was filled with euphoria again. This time, Bitcoin was not the catalyst- its price practically hasn’t changed since yesterday. In our opinion, this was how tension...
We noticed that recently NEO and Ethereum, being assets of the same type, are moving together. Today, once again, NEO is showing results that are similar to its big brother. The initial purchase volume, which we saw on Monday, continues to influence the price- the interest of buyers has subsided somewhat but remains consistently high compared to last week. The...
For the second day in a row, Ethereum is doing better than the market and pleasing connoisseurs of technical analysis with beautiful figures. Today, it’s a "cup with a handle," which often forms as a result of an unsuccessful activation of the "saucer." In order to bring the figure into action, buyers need to break through the "neck" line at $435. This does not...
Ethereum and NEO prepare a springboard for further growth while Bitcoin rests at $6,800. The market remains calm, and yet unpredictable. As we have seen several times now, uncertainty is the market’s favorite state in the middle of the week. The prices of the main asset and the top altcoins are once again stuck at a crossroads, giving no signals for further...
The Monero chart resembles NEO again, but so far we can’t see either the exit from the figure or the volumes. It’s an alarming sign that buyers did not show activity even after the break through the parallel descending channel. Although, in the past two weeks XMR has often performed better than the market and now deserves a bit of rest. The sellers were not able...
Buyers take initiative while bears rest over the weekend. The market is up, at least for now. Over the past weekend, the depressed cryptocurrency market was slightly enlivened not so much by trading volumes, which are still insufficient for a change or a solid confirmation of the trend, but by the news cycle. Although there was some surge in buyer activity, it’s...
What Ethereum buyers have yet to accomplish, the fans of its Chinese brother have already achieved - the NEO chart can be used as a visual aid for beginning traders on the topic of "figures of technical analysis." We see a fully activated saucer: the breaking through the neck of the figure has caused a phenomenal increase in volumes comparable to the purchases of...
NEO is in a situation that is very similar to Litecoin, so let's be brief. Lateral trading can either become a good springboard for growth or a future resistance in case the price goes even lower. The activation of the global wedge (red convergent trend lines) doesn’t look realistic at this point. The key NEO support is at the level of $42 - $43, and the...
Monero looks somewhat better than LTC and NEO, but only due to the fact that the price is not contained by the nearest descending parallel channel. The buyers deserve no credit for this, however - XMR just fell out of it, without volumes or enthusiasm. The level of $160 seems to be a good aid for investors: the price has rebounded from it 3 times already, although...
Litecoin continues to loiter on the bottom, with an increasing risk of making that bottom even deeper. On Thursday, the volatility of the asset decreased significantly, as did trading volumes. Now it’s a hostage of the situation, and does not have any independency. It doesn’t look any better or worse than the market, but given previous “successes,” it’s not...
Bitcoin critical support still holds, but the future is uncertain. The market is frozen by indecision. All that the market could achieve by the end of the week is a continued state of uncertainty and indecision about taking the initiative, shown both by bulls and bears. Nevertheless, the data of technical analysis indicates that on Friday and over the weekend the...