Relative Strength Index: The RSI is currently at 59 points. It recently peaked at 65 which was a result of the rebound from the bear trap. At this point, the RSI will try to stay within range as we've seen previously. At the same time since the RSI is leaning on the high side, the market has plenty of strength to make another move. Bollinger Bands: The price...
Relative Strength Index: The RSI at the time of writing is at a high 62 points. It just recently tipped over the 70 point threshold into the overbought market territory, rebounding shortly after. Bollinger Bands: As the price increased rapidly it crossed over the upper band, which caused the sharp rebound. Now that the price is within the range once again, it...
Relative Strength Index: The RSI at the time of writing is at a healthy 51 points, this means the market is healthy and has enough strength to make moves in either direction. Unfortunately, since RSI's previous action was bullish, we might see a slight dip below 40 points which might cause a retracement on the market. Bollinger Bands: The price is currently...
Relative Strength Index: The current RSI is at 65 points, it recently peaked at 75 when Ethereum’s price reached $176. Since then it has rebounded but is still looking strong. We could see some movement in the next few hours. Bollinger Bands: The price is currently close to the upper bollinger bad, but still has some room for upwards movement. The price also...
Relative Strength Index: The RSI is currently at a healthy 54 points. This means the market is stable, yet has enough power to make a move again. We’ve see the RSI hover above the 50 range for quite some time, meaning the market does want to make a move. Bollinger Bands: The price did touch the lower band earlier and quickly rebounded to the MA line, where its...
Relative Strength Index: The current RSI is at 65 points, it recently peaked at 75 when Ethereum's price reached $176. Since then it has rebounded but is still looking strong. We could see some movement in the next few hours. Bollinger Bands: The price is currently close to the upper bollinger bad, but still has some room for upwards movement. The price also...
Relative Strength Index: The RSI is currently at a healthy 51 points. This means the market is stabilized and we should expect sideways momentum in the coming hours. Looking at RSI’s oscillation, we can see the trend should be reversing. If the RSI peaks above 70 again, we should anticipate another move upwards. Bollinger Bands: At the time of writing,...
Relative Strength Index: The RSI at the time of writing is at 63 points. This means the market does have some power but is not quite overbought. We can see the RSI toppled over 70 points earlier, which is where Bitcoin made its crazy gains. If the RSI can stay high, Bitcoin just may make another move upwards. Bollinger Bands: The current price is touching the...
Relative Strength Index: RSI is at a healthy 55 points at the time of writing. It’s coming down from a peak of 80 points a few hours ago. Looking at RSI’s behavior the past couple days, we can see it has been out of bounds only 3 times. That’s a signal that the market is relatively stable, and may continue trading sideways. Bollinger Bands: Looking at the BBs,...
Relative Strength Index: RSI is currently at a healthy 51 points, meaning the market may continue to trade sideways. If the RSI drops dangerously close to the 30 point, it would signify an oversold market. Looking at previous times when the RSI dropped below 30, the decline was instantly followed by a rebound. As such, if the RSI drops below 30 points, that could...
Relative Strength Index: The RSI is currently at a healthy 55 points. That means the market is neither overbought nor oversold. Since Bitcoin has been trading sideways the past day, we shouldn’t expect any big movements anytime soon. Bollinger Bands: The price is also within the upper and limit Bollinger Bands. This further confirms RSI’s indication of a...
Relative Strength Index: The RSI at the time of writing is at a healthy 51 points. It's slightly higher than last night's meaning the market was able to gain some strength and has more power for a move. The RSI broke through the upper bounds earlier today when EOS price jumped from $3.8 to $4.2 but has since stabilized. Bollinger Bands: The priceline is...
Relative Strength Index: The RSI is currently at 40 points, right at the bottom threshold. This means the market is hovering in the oversold stage meaning that either a trend reversal or sideways trading is expected in the next 24-48 hours. Bollinger Bands: The priceline is closer to the lower end of the bollinger bands which also signals a potential bullish...
Relative Strength Index – The current RSI is at a healthy 54 points, that means the market is neither overbought nor oversold. Looking at the trend in context – bullish – we can assume that the market is ready for another move up. Bollinger Bands – It seems that the recent Bitcoin price action has been respecting Bollinger Bands quite a bit, we can see the peak...
This has been an extremely painful bear market. Let's go over the 5 stages of a bear market: 1. Denial - You deny the idea that the bull run is over and keep HODLing. 2. Anger - You are angry at fellow traders for selling and at the price for dropping. You may rage quit and sell everything, not realizing you are selling at a low point. 3. Bargaining - You...
MKRUSD price is up over 25% in the past 24 hours making it the biggest gainer today out of the 2,000+ cryptocurrencies. The reason is due to the $16 million investment into the platform by Horowitz's fund, and Augur's announcement that it will integrate DAI. MKR hit its ATH back in January when the price reached $1673, so the market is still a ways away from that...
NEM (XEM) price has been on quite a rally the past day, gaining almost 10% in the past 24 hours. This is mostly due to the partnership with Portal Network regarding a name service that will be introduced to NEM. Using Fib retracements we can see some key inflection points for XEM. When the price will touch these levels, more likely than not there will be some...
Ethereum has been doing relatively well the past two weeks. After hitting a yearly low of $170 earlier this month the ETH market has been mostly staying up above the $200 level. Now that Google reversed it's ban on crypto ads and the overall cryptocurrency market is rising, ETH joined the party. ETH is up only 5% but the charts look promising. The RSI is healthy...