XBTFX

XBTFX Pro

It was a very good week for LINK. Coin found strength to make a move toward the long term resistance line at $9.0. LINK finished the previous week by testing this level. At the same time, a clear overbought market has been reached, which decreases the probability for this level to be further breached to the upside. Nevertheless, LINK made significant progress in a...

XBTFX Pro

Although side trading continues for ADA, still, during the previous week, ADA made some short moves to the higher grounds. Those moves were not so significant, but they show that there is still some investor’s interest for this coin, which might gradually lead ADA toward next resistance at $0.6. ADA started the previous week at $0.5 support line and managed to...

XBTFX Pro

Binance Coin continues to gain in strength. During the previous week, the coin continued to move in the overbought market, increasing its price to the level of $335, where the coin is finishing the week. Next resistance line at $350 has not been tested during the week, leaving this level for the future period. During the whole week RSI was moving above level of...

XBTFX Pro

As it was expected, XRP continued with side trading for another week in a row. It is interesting that from May this year, Friday trading sessions have significantly increased trading volumes. This might be an indication that “whales” are on the move during these days in order to maintain the price of XRP. However, this is only an assumption based on chart data,...

XBTFX Pro

There have been some interesting developments with ETH during the previous period. Forthcoming “merge” fork is evident on the charts, but also on the futures market. Since it has been announced that Ethereum is preparing to improve the network, the price of ETH was continuously gaining in strength, with a clear reason. However, futures trading on Friday revealed...

XBTFX Pro

There has been increased optimism on the financial markets during the previous week, supported with slow down of inflation in the US. Markets perceive these figures through potential moves of the FED, where expectations are in terms of slowing down the monetary tightening. However, some analysts are pointing that it might be too early to expect that the FED will...

XBTFX Pro

Last week in the news Latest data show that the inflation in the US is slowing down. This news brought some relief to financial markets through the perception that further FED's monetary tightening might slow down. This was a long-awaited boost for both equities and the crypto market. Bitcoin ended the week nearing the $25K resistance; Ether reached...

XBTFX Pro

Two weeks ago LINK finally managed to move from channel trading between levels of $5 and $7. Long term resistance line at $8 has been reached, but the coin did not have strength during the previous week to break this level, although it has been tested on several occasions. Weekly trading range was between $7 support and $8 resistance. In line with spot price,...

XBTFX Pro

ADA continues to be in the mood of side trading. This is supported by significantly decreased daily trading volumes, which don’t have strength to push the price to any side. This is also reflected in technical indicators, which are “freezing” for some time now. During the week RSI moved from 51 to 55. The indicator shows that the market is still eyeing the...

XBTFX Pro

Another positive week is behind BNB. The coin managed to reach another currently significant target of $300 resistance line to be clearly tested and breached as of the end of the week. Although BNB started the week around level of $275, dominant buying orders have pushed the price to the highest weekly level at $320. With this move the overbought market has been...

XBTFX Pro

XRP continues with its modest moves. Side trading has been the dominant way for this coin for some time now. However, the target of $0.4 resistance was reached two weeks ago, and the coin continues to trade within this range. During the previous week the coin was moving between levels $0.36 and $0.38. Trading volumes continue to be decreased with equal...

XBTFX Pro

It was a relatively flat week for ETH, as its price was following general market sentiment during the previous week. Coin was holding strongly to the $1.7K support line, although there has been some pressure to the downside. Weekly trading range for ETH was $1.560 up to $1.750. Certainly, the forthcoming “Merge” is still strongly supporting the price of the...

XBTFX Pro

During the previous week markets remained relatively flat. They are weighing current economic figures, searching for the clear answer to the question whether the US economy is heading toward recession or maybe still not. Although there is high inflation which FED is trying hard to control with increase of interest rates, still strong US jobs market figures are...

XBTFX Pro

Last week in the news Markets were traded sideways during the previous week, and were not much affected by the strong increase in US jobs posted as of the end of the week. Bitcoin ended the week testing $23K level, Ether is holding strongly at $1.7K. The US non-farm payrolls have beaten market expectations for one more time. As announced on Friday, the US...

XBTFX Pro

After a month of side trading, LINK finally made its break from the $5-$7 channel. This move was supported by generally increased optimism on the crypto market. However, charts are currently raising a question: how sustainable is the level of $8 for LINK? LINK started the previous week at the $6 support line and made a swift move toward the $7 resistance line....

XBTFX Pro

Another positive week for the price of ADA as the coin found strength to move from side trading to the higher grounds. Although ADA started the previous week around support line at $0.45 it`s price soon has been pushed to the higher grounds, first to resistance at $0.50 and then further to the next short term resistance line at $0.55. Current charts are showing...

XBTFX Pro

It was a good week for BNB, as the coin managed to reach its short term target at the $300 resistance line. With the latest move, price was moved close to the overbought market, but it still has not been clearly reached, leaving some space for price`s further move to the upside. BNB started the previous week by testing a $250 support line. Minimum price level has...

XBTFX Pro

Although XRP took some time in order to pass the last 10 pips until the $0.4 resistance line, on Saturday trading session, the coin managed to finally reach its goal from the beginning of June this year. It was a hard task on the first viewing, but XRP managed to accomplish it. Regardless of this success, XRP still continues to move in a modest price range....