DestinationMoonCrypto

DestinationMoonCrypto

Overview Bearish stagnation in the cryptocurrency market continues. The factor of the upcoming New Year influences prices and a number of participants, going off for holidays, try to close current positions, especially since December provided a good opportunity for earnings, but the global trend in the market is still negative. Over the past 3 days, the price of...

DestinationMoonCrypto

Overview The previous day scenario remains for today, the price is flattening-out along the $ 3700 level after the Monday fall. Nonetheless, the $ 3700 level still shows it’s supportive character by actively holding the price above itself. There is not much news and happenings due to upcoming holidays, so we do not expect any strong movements in the nearest...

DestinationMoonCrypto

Overview After the Monday fall, $ 3700 level still holds as support. The price movement develops in lateral pattern between $ 3700 and $ 3900 boundaries. The price leaning to the $ 3700, hinting at a soon testing of the $ 3500 - $ 3700 support zone, which is the main support of the turnaround pattern. Breakthrough below the support zone will lead to cancelation...

DestinationMoonCrypto

Overview After spending the December 24th above $ 4000 bitcoin did not manage to hold the level and fell sharply below at the end of the day. For now, the fell has stopped at the $ 3700, which is the upper bound of the support zone $ 3500 - $ 3700. For the last five days, the price has drawn two peaks in attempts to breach above $ 4300 resistance, which would...

DestinationMoonCrypto

Overview Bitcoin did not find enough support on the $ 4000 to continue the uptrend but still managed to hold on to the level, keeping itself above the last peak of $ 3900. Such behavior does not violate an upward overview and looks like a small correction before the uptrend continuation. The $ 4400 zone is called the next strong resistance for the upward...

DestinationMoonCrypto

Overview The growth tendency continues, and today bulls brought the price to the December opening point at $ 4000. The resistance at $ 3700 - $ 4000 was passed fast with high volumes, this is a positive sign for the upward development. If BTCUSD will manage to fix above $ 4000, that would confirm a turnaround formation and could provoke further growth. From...

DestinationMoonCrypto

Overview After a prolonged downtrend period BTCUSD at last showing some growth. From Monday the price gained about 17%, rising from the $ 3150 to $ 3700. Now bears have met a strong resistive zone at $ 3700 - $ 4000. A fast breakthrough above this zone would boost up the uptrend, but it looks like such a scenario will need some strong fundamental drivers. Milder...

DestinationMoonCrypto

Overview Monday was marked by a growth, the price was picked up from the $ 3250 low and brought upwards, peaking above $ 3500 mark. Nonetheless, the BTCUSD did not manage to break the December 9 peak, and price retreated to the $ 3400 level, where it is trading right now. The logical question right now, whether this movement signals about the price turnaround or...

DestinationMoonCrypto

Overview On Saturday price made a new low at $ 3130, Sunday went above the new low, but failed to step over the previous low $ 3250. Monday has opened in a quiet manner, due to the upcoming New Year holidays there is not much happening in the markets. And it seems that such slowly descending tendency is about to stay for now. Still, it is unknown how the price...

DestinationMoonCrypto

Overview The well-established scenario continues, and after some time in a horizontal mode, the sale-off pushed through the $ 3300 mark. For now, the price stays just below the level, but the fact that buyers did not bring the price back quick hints that there are not many supporters on the $ 3300 and soon we will test the main psychological support at $ 3000....

DestinationMoonCrypto

Overview Yesterday went in a lateral manner, not disturbing the $ 3300 support. The movement breached through the local Bearish Trend Line, still, it did not add anything to upward impulse. To add any positivity to the current price pattern we will need to see a rise above $ 4000. From below stays important the $ 3000 - $ 3300 zone. One more negative thing about...

DestinationMoonCrypto

Overview The $ 3300 level still holds, thou the developments proceed in a bearish pattern below the Bearish Trend Line. Low momentum and absence of high volumes near the $ 3300 hints that the breach lower is possible. Support/Resistance levels stay similar with yesterday, $ 3000 - $ 3300 as a support; and the whole $ 3500 - $ 4000 as a resistance, which is...

DestinationMoonCrypto

Overview The December downward course, along with the Bearish Trend Line, continues. Empty fundamental background and approaching holidays are delaying all the possible movements on the next year, which leaves the question hanging, will current low demand be enough to hold the support levels. So, the important question, for now, will there be enough buyers in...

DestinationMoonCrypto

Price Double-tasted during the weekends, $3000 – $3300 zone showed its supportive power and did not let the price pass. The week started at the $3500 level in a low-volatile manner. The rebound from the $3300 low did not manage to reach above the Bearish Trend Line, thus leaves the outlook bearish. Quiet news background causes little-no support for the price,...

DestinationMoonCrypto

Price New lows prior to the weekend. As was expected, the descend to the $3500 triggered sell-offs which brought the price to the $3300 at this moment. It is worth noticing, that the opening of the $3000 - $3500 zone pumped up volumes, seems that there are believers that $3000 will fit for the bottom and price will start to make a turnaround at this level. So,...

DestinationMoonCrypto

Price The yesterday showed one more low at $3600, though this low has triggered some buyers, who rapidly brought the price back above $3700. All these moves happened within the downing pattern, below the Bearish Trend Line, so the downward overlook stays. Regarding the average daily movement, the next support that could be reached is the final $3500 level,...

DestinationMoonCrypto

Price In absence of any significant fundamentals, the price has formed a peak at the $4000 (along with the Bearish Trend Line) and retained downwards tendency, aiming for the recent low $3700. A breakthrough of the $3700 level will send BTCUSD testing the $3500 bottom. To consider any reversal/bullish patterns we need to see the price at least climbing above...

DestinationMoonCrypto

Price Gradual descent continues, the price renewed local lows yesterday by settling at $3750 level. The turnaround into an upward impulse did not bring much, and was crushed on the $4000 level, which is supposedly turned resistive. The gradually lowering mean and inability to withstand $4000 level, hints that lowering is not over yet, and we are waiting for the...