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...
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,...
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...
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...
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...
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...
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...
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...
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....
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...
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...
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....
All eyes of crypto investors are currently on Ethereum, considering the announced improvement of the network called “Merge” coming in September. Investors are already positioning, as shown by the released news regarding significant call options that few large hedge funds had placed on these coins. This is very positive for ETH, considering that it has been...
Good news from the previous week is that the market is over with a bearish sentiment, in which sense, fundamental news on economic developments does not have such a significant impact on the price of coins. Markets have turned to search for real intrinsic value in coins, which implies at least some relief from the downtrend. During the previous week, FED increased...
Last week in the news Despite FED`s another increase of interest rates by 75bps, markets continued to rally, even on news that the U.S. is on the verge of recession. Both US equities and the crypto market gained during the week. Bitcoin is heading toward $25K resistance; Ether continues to be supported by the “Merge”. The FED increased interest rates for...
For over a month, side trading is a dominant way of trading for LINK. Previous week was not different. Coin started the week at level of $6.3 and reached weekly highest level at $7.5, before it slipped back below $7. With the latest moves, the resistance line at $7 has been clearly tested, but the market just didn’t have enough strength to sustain the coin at...
During the previous week the market tried to push ADA to higher grounds, however, this move was a modest one from $0.45 up to $0.55. Still, it is a positive move for ADA, considering that the coin spent a lot of previous time side trading. Coin is ending the week by testing the $0.50 support line. The Relative Strength Index made a modest move from 50 up to 59....
Binance Coin started the previous week by testing the support line at $250. Soon the coin managed to revert to the upside, reaching the weekly highest level at $276. Next resistance line at $300 has not been tested on this occasion, but with its latest moves, the coin opened a path to this level. RSI was pushed to the level of 65, but a clear overbought market has...