Decided to check on what was going on over the pond at Solana since it appears that they're going absolutely nuts over the past 24 hours (and this morning as well).
Keep in mind that this project is not available for trade on Coinbase (to my knowledge), so you would need an account on another exchange like FTX, Huobi or Binance (yikes!).
Taking a look at Solana...
ETH will be the second project that we look at on our conquest to canvass a decent portion of the T20-30 projects in the blockchain space.
We’ll go ahead and start with where we picked off prior; for those that do not remember, we had plotted the overhead downtrend resistance for Ethereum (which we made clear would be through at any time in the near future).
For those that missed the announcement that was made in the Telegram channel today, we're going to shoot for 15 different price analysis articles on different projects in the market.
Reason? Showing love. Let's see if we can't make some money here or figure out what's going on at the very least.
If you have any alerts set or you've been checking various apps,...
For the record, Librehash is still as bearish as it gets on Bitcoin (at the time of writing).
Skipping the long introductions, let's just hop right into things and see what's going on from an aerial perspective.
Bitcoin Price Analysis
We're going to start with the Librehash Reversion Ribbon V2 overlaid on the chart (see below).
For those that have been following the price of Bitcoin lately, its no news that the space cratered recently.
Below is a quick look at the price action over the past few weeks.
As we can see from the chart above, the price of Bitcoin:
1. Consistently failed to breach the $60k mark twice. The first time was after a...
Now that Bitcoin has ascended past $60k, there are a ton of questions about where its headed at this point.
We're going to try our best to answer that question with a comprehensive price analysis
In the chart above, we can see:
- A strong underlying support point for Bitcoin (tracking back to early February)
If you've taken a look at the markets lately, then you've probably noticed that Stellar Lumens is looking extremely bullish as of late.
For those that are unaware, we're going to break down exactly why people are so bullish on Stellar Lumens lately, and it has nothing to do with their asset's price relationship with XRP (which has also been going nuts as of...
The markets appear to be on the verge of teetering. But since there are some that may not believe this, this article will provide as much information as possible to corroborate that notion.
Bitcoin is bearish on the daily for every single indicator and metric that we can find.
But let's go through them all instead of telling it so that everyone can see.
As Bitcoin retests its previous ATH, we're going to take a look at several other underlying metrics to ascertain whether or not the price is likely to break above or below this point.
Sticking on the daily resolution like we normally do, we're going to see what the chart looks like after mapping out the horizontal support and resistances around the price
The most recent two candles on the weekly are really intriguing if you haven't had a chance to take a peak at them yet.
Let's see what it looks like at face value below:
Specifically, we can see:
1. The current candle (weekly), has a long body
2. There is only wick on it, and that's protruding south
3. There is...
Okay, we're in a situation where Bitcoin has finally crossed above $50k, so what do we do now?
If we pan back out on this chart (daily resolution), we can actually see that Bitcoin is just now emerging out of a healthy consolidation period.
If you’re a bear (someone looking to place a mean short on Bitcoin), then this...
Rushing back to get this one done because Graph broke its ATH already (and the trend that its been on has been pretty crazy).
We already pointed this one out a few weeks ago when it was hovering in the '50's range (and in the 40's as well). But now is still a ripe time to enter in a long position (if you're able to be patient in the instance that you don't see...
We're taking a look at $OMG because the Quant Market Scanner recommended that we take a peak at these guys (their price action is noteworthy over the past few days).
We're going to start with on the one day resolution.
Above we have a case of a classic overhead downtrend resistance (short-term) that's been broken (with...
For this price analysis, we're going to start on the daily resolution.
We'll also be using Kraken's USD markets as our frame of reference for the price.
Augur Price Analysis
In the chart below, we can see a **strong** underlying diagonal uptrend support that's been carying the price for a weeks (at least):
Surprise - we're taking a look at Tron!
> "But, Tron is a scam, isn't it? What about Justin Sun?"
Justin Sun is undoubtedly a character that has failed to show he possesses the competence required to efficiently run a billion dollar multi-national corporation / organization.
However, as we've covered many times before - factors like these hardy have an...
Its been a little while since we’ve looked at the blockchain project that essentially serves as the de facto ‘godfather’ for nearly half of the entire blockchain space.
Let’s see what’s been going on with its price action in recent days/weeks/months.
From a panned out view on the daily resolution, there’s a large pennant (whether bullish or bearish is...
This analysis is going to be a pure review of the technical factors surrounding Bitcoin since there’s been a furor of price action over the past few weeks.
Let’s start off by taking a look at the EMAs for Bitcoin on the daily resolution:
Dissecting the chart above:
1. The golden line = EMA50
2. The purple line =...
After hitting the needle on its head (once again) for Bitcoin in our last price analysis, we’re going to go ahead and use this opportunity to deliver a follow-up on the price to get a grasp of where Bitcoin may be headed next (if anywhere, at all).
There were a million reasons to be ambivalent about Bitcoin’s price action and, as expected, it is having trouble...