Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice After testing the resistance level at $11,731 on 13 October, the prevailing market trend took the world’s largest cryptocurrency well below $11,500. While the movement in question should have been minor, later corrections took...Read More
Tezos has been on a recovery run since its price plummeted by close to 35 percent in the first week of September. While its price performance from a few months back seems like a far cry now, during the course of the past week, the coin managed to rake in the gains. However, is the...Read More
The overall bullishness in the crypto-market seemed to be cooling off, at the time of writing, with the market’s movements mirroring Bitcoin’s bearish trading setups over the previous week. That’s not all, however, as quite a few of the market’s altcoins were picking up on Bitcoin’s bearishness, with the likes of EOS, Ontology, and Maker...Read More
During the second week of October in response to Bitcoin’s negative momentum the altcoin market witnessed a downfall yet again. The same bearishness was visible on the daily charts of Crypto.com coin as it lost nearly 10% in the last two days. Tezos and Digibyte too recorded mounting selling pressure, with the two digital assets at the...Read More
At the time of writing, Bitcoin Cash witnessed a dip in its buying pressure and investors could benefit from the BCH market’s overall bullishness. The recent dip may be an optimal entry point, as the digital asset is poised for good returns in the short term. The Monero market too, was bullish on its daily...Read More
Chainlink experienced a minor correction and could be set to surge once more, while The Crypto Fear and Greed Index stood at a neutral value of 53, compared to the previous day’s 56. Bitcoin touched $11,800 and formed a higher low at the $11,400 region. The sentiment did not carry over to Tron, which set...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the EOS long-term market and its impact on the price. Unlike the remaining market, EOS’ price did not respond to the ongoing pump. The value of the digital asset has been consolidating ever since the March crash and noted a brief...Read More
There was some bullish sentiment toward the crypto markets as Bitcoin trended higher, alongside news of institutional interest. Ethereum faced a crucial level of resistance, while IOTA approached a level of resistance with strong momentum while BitTorrent formed a bearish pattern. Ethereum [ETH] Source: ETH/USD on TradingView Ethereum was trading within a rectangle bottom (cyan)....Read More
XRP had formed a bullish pattern but was rejected and the pattern invalidated as the asset looked to be headed south. VeChain appeared to have lost a level of support it had held tenuously over the past few days. FTX Token surged to reach a level of resistance after breaking out of a month-long downtrend...Read More
While XRP has struggled to get on the immediate bullish scene with the rest of the industry, its long-term credentials were playing right in its path. With the price consolidating above the immediate support of $0.230 after the crash on October 1st, the valuation has done well to keep a position above $0.249. While it...Read More
Cardano looks bearish on both the short and medium-term time frames. On both these time frames, Cardano is hinting at a bearish breakout from rising wedges. This fate is not exclusive to ADA but to most altcoins. Defi coins like Sushi, YFI, etc are all on a continuous downtrend. These coins look like bitcoin for...Read More
The three digital assets, Bitcoin SV, Zcash, and Compound showed bearish signals throughout the day. With over 5% in losses since yesterday, for Zcash and Compound, strong selling pressure could last longer for the two coins. Bitcoin SV on the other hand, while also witnessing a sell-off, dipped only slightly after finally breaking out of...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Bitcoin Cash’s short-term market and its impact on the price. The Bitcoin Cash price has been recovering from its early September drop. This recovery was set rolling over the past couple of days when the Awesome Oscillator indicator went above the...Read More
Binance Coin, a native token created to help traders pay for fees on Binance has comfortably established its position in the top-10 crypto this year. During mid-September, the digital asset was able to register its all-time high valuation of $33.83 but within a week, it shed more than 30%, dropping down to $22 on 21st...Read More
Bitcoin Dominance has slowly decreased in the past few days, from 59.99 to 59.69 at press time. Bitcoin surged from a low of $11,250 to a high of $11,750 in the past couple of days. Source: CoinStats The higher lows Bitcoin sets could see a bullish scenario develop for the altcoin market as well. Litecoin...Read More
Positive trends and strong fundamentals seemed to be on the side of the three alts XRP, DASH and Compound. Moving averages favored a bullish trend for XRP. DASH too was favored by the buying sentiment, as a bullish rectangle pattern started to emerge on its daily chart. Compound, on the other hand, displayed low levels of...Read More
Chainlink witnessed a small price correction, but the digital asset looks poised for some gains, with a bullish recovery around the corner. Zcash experienced weak selling pressure, in the midst of a highly volatile scenario. While a positive reversal was expected, prices could move in either direction. DigiByte’s technical indicators suggested a clear bearish scenario for...Read More
EOS had recent positive fundamental developments that propelled price upward for the asset, although there were some signs of bearishness. VeChain faced significant resistance to any immediate hike in price and might lose a level of support if Bitcoin headed south. BitTorrent had a healthy amount of buyers in the market and might be working...Read More
Bitcoin Dominance was dropping, and stood at 59.63, down from 60.14. In the same period of time, Bitcoin rose from $11,354 to $11,491. This combination of falling dominance and rising Bitcoin can herald a green season for altcoins. Cardano looked bullish, although a minor correction of a few percentage points might be seen in the...Read More
The Bitcoin market has recorded impressive gains in the last few days. This further influenced the valuation of its fork coin Bitcoin Cash. The technical indicators for Tezos were fairly bullish on the charts as well. Basic Attention Token (BAT), was displaying weakness in its buying momentum while BAT noted the possibility of an uptrend, post...Read More
The digital asset industry has somewhat re-ignited its bullish momentum over the past week as Bitcoin emerged above $11,000 price level yet again. Ethereum kept pace with the king coin and currently, both the assets are enjoying over 6 percent growth over the past week. Yesterday the market opened on another high as Ethereum Grayscale...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Litecoin short-term market and its impact on price. Litecoin witnessed a boost in its value as the price of Bitcoin [BTC] rose on the charts. However, it has not managed to overcome its losses from earlier in September. Despite the low range movement,...Read More
While Bitcoin and Ethereum have moved their respective prices up the ladder over the past week, XRP was still struggling to start their engines. Marking only a 3.11% growth over the past week, when Bitcoin and Ethereum clocked over 6%, meant XRP wasn’t really in the bullish rally yet. However, signs were there for an...Read More
Bitcoin touched $11,726 hours after the Governor of the Bank of England stated that it was hard to see Bitcoin have “intrinsic value”, although he conceded it might have extrinsic value. Source: CoinStats The bullishness of Bitcoin as it set higher lows in recent days could propel the altcoin market upward. Polkadot lacked the momentum...Read More
Tron could be set to continue its downtrend on its charts, despite the fact that the sentiment around many altcoins appeared to shift to the bullish side. The Crypto Fear and Greed Index noted a neutral reading of 52 at press time, compared to the previous day’s ‘greedy’ value of 55. Further, while Algorand looked...Read More
Chainlink‘s bulls have been successful in pushing the crypto-asset past the important level at $10.5, and more gains could be in store for LINK. Further down the crypto-ladder, Augur was another coin backed by strong buyer interest while FTT Token broke to the upside of the longer-term trendline resistance. Chainlink [LINK] Source: LINK/USD on TradingView...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Ethereum seems to be following Bitcoin’s footsteps like a disciple, mirroring every single one of the world’s largest cryptocurrency’s ‘up and down’ movements. Although unsurprising, this can help predict ETH’s moves. The following article...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin SV, like many altcoins in the market, was undergoing a consolidation on the charts after a recent surge of 10-12%. Unlike many, BSV‘s charts pointed to a bullish consolidation pattern over a long-term...Read More
Bitcoin’s latest pump towards $11,500 changed the outlook of many altcoins from bearish to neutral or bullish. While Cardano bounced strongly off a level of support and formed a continuation pattern on the charts, Compound moved above its long-term descending trendline, although a rise in price was yet to take place with momentum. Waves, on...Read More
Bitcoin could be the investment of the decade. However, it still has significant hurdles to cross. A sustained breach of the $12,000-mark could usher in huge gains, pushing Bitcoin to new heights and altcoins with it. As far as some of the latter are concerned, in the near term, Stellar Lumens and Enjin were ready...Read More
