The investors reacted to the rate increasing decision made by Feds with a lot of uncertainty - Here is why. What's the most important to know is that this decision is just a small part from a bigger plan which has the purpose to bring back the money in the banks from the economy (the markets are included). And of course, the questions always remains the same: -...
Following the rest of the coins, Litecoin's price has started it's sideways movement since the 11th of August, surrounding the Pivot Level of 58.3$. For now, as long as the opening price for today is positioned below the 20 days Moving Average the next key moment can be considered the closing one at the end of the day. If the latter will be lower than 59.072$,...
Like for the rest of the coins, the price of Iota has also started to slow down it's daily movement average based on a lower trading volume.The actual sideways movement has started on the 6th of September and it doesn't seem to be over as long as there are no strong fundamentals yet. On a very short period of time, as long as the price will stay above 0.5638$...
After we could see a positive evolution between the 18th and the 22nd of the last month, Ripple has followed the other coins and despite the good fundamentals we could see lately, it also started to move sideways like the rest. The price is still between the upper standard deviation and the 20 days Moving Average which according to the Bollinger Bands it means...
After a positive evolution between the 18th and the 23rd of September, interval in which it has reached the maximum of 0.30$, the price of Stellar has registered a sideways movement for the next 6 days and it started the current month with the left foot. From the technical perspective, after the price dropped below the pivot value of 0.2511$ it seems that the...
Like most of the coins, the price also started to move sideways since the 24th of September creating a short term bullish channel. With the RSI at 50 and with the Stochastic and MACD indicating a slight drop, the 2 possible scenarios seem to be as it follows : 1. The price will hit the support level of 0.5452$ and it will bounce back from it with targets at...
Like Bitcoin, Ethereum also started a slight recovery process after it had a 100$ drop between the 2nd and the 12th of September. What we could see in the meantime is a short term bullish channel with a peak at 256$ after which the price had a 40$ correction, creating a support level at the price of 210$. As for Bitcoin, the RSI has a neutral position while the...
After it has dropped almost 1200$ between the 5th and the 8th of September, the price has started a slow recovery process and created a short term bullish channel since the 9th of September and until today, as long as it seems to be stabilized between the 20 days Moving Average and the upper band of Bollinger. The RSI is neutral, the Stochastic is indicating that...
Like Ethereum, Stellar also recovered a little bit of ground against the US Dollar starting with the 19th of September pushed mainly by the total market capitalization which went above the level of $200 B. The RSI has neutral position, the Stochastic is indicating that the price might slightly continue to increase while the MACD seems to try crossing the Signal...
Ethereum's price started a slow recovery process against the US Dollar since the 12th of this month but the trend channel which was created seems to be available only for the short term. The main condition for this recovery process to continue in the next couple of days is that the price to stay above 213.41$ without breaking the Support Level which is also...
After a sideways movement that started on the 6th of September, the price is getting close for the 5th time this month to the the Support Level of 0.5238$ where it had difficulties in advancing towards lower values on the previous 4 attempts. With the RSI on neutral position and with the Stochastic indicating that the price will register lower values, the...
After 3 consecutive days in which the price of Cardano had a positive evolution, it finally went above the 20 days Moving Average leaving behind the bearish trend that started on the 5th of September. If the closing price of the current candlestick on a 1D chart will be higher than the opening one, we could get a confirmation of a bullish trend based on the...
After a couple of days in which the movements didn't impress, the price finally started to accelerate the movement supported by the fundamentals and it jumped in the area between the 20 days Moving Average and the upper band of Bollinger. If the closing price of today will be higher than the opening one (creating a green candlestick on the chart above the 20 MA)...
Like for the rest of the coins, the bearish trend is applied also for Dashl. Based as well on a decreasing market capitalization, it seems that the price is also searching for a bottom. Technically speaking, the trend channel seems to be created by the peaks of 292$ and 231$ reached on the 20th of July and the 2nd of September, while the bottoms are 164$ and...
After the optimism we could see between the 14th of August and the 1st of September, interval in which it moved sideways, the market came back to "normal" and it started to drop on the 3rd of September, drop which became more intense on the 5th. What we could see so far is nothing else than a price which managed to stay inside of the trend channel which started...
After 2 attempts of breaking the resistance level of 24.91$ the price has returned to the sideways movement which started on the 14th of August. Both RSI and Stochastic are indicating "overbought" positions out of which we can expect the market to slow down for a short term with with a possible target of 22.91$. But the bearish trend which started on the 31st of...
After testing twice the support level of 6023$, the price was in a slight comeback with the bullish trend being confirmed once the first candlestick above the 20 days Moving Average was a green one. If we consider the same principle, we can see how the market is on a downtrend, after it has reached the highest value of 7431$ and the first candlestick which was...
After the positive evolution between the 27th and the 29th of August, the Bullish trend has been changed and the price has reached the support level of 270.63$. The Bearish trend was also confirmed by the first full red candlestick which was created between the 20 days Moving Average and the lower band of Bollinger. With the RSI which is neutral and with the...