Disclaimer: The findings of the following article attempt to assess Ethereum’s price trends and the direction of it in the near-term With the DeFi bubble cooling off, the situation has started to go sideways again. The prices of Ethereum and even Bitcoin are now moving within certain ranges, a development that is good for scalping....Read More
Bitcoin registered a drop from $10,500 to $10,350 a few hours ago, a drop that also pulled down Ethereum‘s price from $388 to $358. In fact, Ethereum might be primed for another sell-off as on-chain metrics paint a bearish picture for the cryptocurrency. That’s not all. At the time of writing, XRP lacked momentum as...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is the sole opinion of the writer After the 1st week of September saw the entire market painted in red, the 2nd week presented a window of opportunity for many cryptocurrencies, with most working towards some form of recovery...Read More
Bitcoin dropped from $10,550 to $10,350 as BTC moved into exchanges to take advantage of any spikes in price. Binance Coin noted some bullishness as well as the crypto, driven by developments in its ecosystem, surged to breach its previous resistance levels. Further down the charts, Polkadot exhibited bullish signals as well. On the contrary,...Read More
The past week saw Bitcoin’s dominance drop from 61.6% to 59.5%, while Bitcoin surged from $10,000 to $10,500 over the same period of time. Bitcoin Cash appeared to be consolidating as traders waited for the market to decide upon a direction. Monero rose past a level of resistance and seemed to have flipped its level...Read More
Crypto-markets, including Cardano’s, have been in limbo for a long time over the direction they are supposed to go. However, since the price isn’t clearly following a trend, it might just be a good time to scalp trade. At the time of writing, ADA was trading below the $0.1-level and had a market cap of...Read More
Amidst all the DeFi and yield farming ruckus, Binance has recently come up with its new decentralized Binance Smart Chain [BSC]. This DeFi chain has access to its centralized exchange and Binance is putting up $100 million to support projects on the BSC. Riding on the news of this exciting foray, Binance’s exchange token –...Read More
Bitcoin surged past its resistance at $10,400 to trade at $10,547 at press time. In fact, Ethereum too noted an uptick, climbing from $366 to $386. However, while the weekend surge might continue into the weekdays, the sentiment in the Options space remains largely bearish. Further down the crypto-ladder, Chainlink was rising towards a level...Read More
Bitcoin’s surges, over lower time frames, are really good for scalps with tight stop-losses. However, doing so can also be equally risky. At the time of writing, Bitcoin was hovering around $10,550, with the world’s largest cryptocurrency eyeing the $10,600-mark and the levels above it. Bitcoin short-term price chart Source: BTCUSD on TradingView Over a...Read More
At the time of writing, Tezos was approaching its resistance level, but it might be unable to breach it as it was showing a bearish pattern over a longer time frame. NEM looked likely to bounce off its support and might be able to scale new highs in the coming days or even weeks. VeChain...Read More
Bitcoin surged above its $10,400 resistance recently, in a move that could have a positive impact on the rest of the market. However, evidence of BTC being moved into exchanges might mean that there is another wave of selling pressure to be seen. Tron stagnated beneath a retracement level after a huge move upwards at...Read More
While Litecoin was expected to head south on the charts, the market seemed to have changed course, at press time. It showed signs of beginning an uptrend as it surged past its resistance to flip it to support. Further, IOTA appeared to be in a consolidation phase right above its support level, while Synthetix showed...Read More
The altcoin market has always mirrored the price movements of Bitcoin. The previous week was witness to a similar situation, with XRP’s value dropping by over 20 percent since the start of the month. However, in the long run, the crypto may note a bit of bullish momentum as it has been trading around the...Read More
Despite the fact that Binance Coin was highlighted as being undervalued in a recent report, BNB was trending strongly upwards, at the time of writing. On the contrary, EOS lacked momentum in either direction, as was the case with Compound. Binance Coin [BNB] Source: BNB/USDT on TradingView Binance Coin had resumed the strong uptrend it...Read More
Bitcoin was trading beneath its $10,400 resistance level, at press time. If it manages to reclaim the level as support, it could surge north to $11,200, dragging with it the rest of the market. Further, while Ontology’s demand surged on the back of earning WING tokens, Dogecoin showed signs of bearishness and looked to be...Read More
While Bitcoin had been threatening to fill the CME gap at $9,600, at the time of writing, it seemed like BTC might stay clear of the gap, with the cryptocurrency trading under its resistance level at $10,400. Bitcoin SV could be headed south to touch its support level, while Algorand showed signs of consolidation above...Read More
After having registered a substantial drop in value earlier this month, Bitcoin Cash has seen its price consolidate over the course of the past week. In accordance with what was expected of the altcoin market, Bitcoin’s drop below $10K had triggered a significant amount of bearish sentiment for coins like Bitcoin Cash, especially in the...Read More
Ethereum flipped a level of resistance to support, after rising from the lows of $320 on the charts. Even in combination with Bitcoin’s resolute hold so far on $10,000, the Crypto Fear and Greed Index was reading 41, a sign of fear in the market. While some altcoins struggled to shrug off bearish pressure in...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Litecoin’s long-term market and its impact on the price The digital silver, Litecoin has been stuck under the $50-level for the past few days now, with its immediate resistance on the charts marked at $49.68. While the downward pressure in the...Read More
Stellar Lumens showed signs of beginning an uptrend and combined with Bitcoin’s refusal to dip beneath $10,000, this could be bullish for XLM. Cosmos on the other hand lacked momentum in either direction and appeared to be consolidating at an important retracement level. Crypto.com Coin spiked upward but was yet to show if could continue...Read More
Altcoins tend to mirror the price action of Bitcoin and such was the case in the past week. Most coins across the crypto market did note substantial losses as the price of Bitcoin dipped below $10k momentarily. However, in the past few days, altcoins such as XRP, Cardano, and Ethereum Classic seem to be in...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Ethereum short-term market and its impact on price. Ethereum [ETH] managed to surpass resistance at $360.13 and has been moving higher. With its current trading value around $367.48, ETH may have been approaching a trend reversal. Source: ETH/USD on TradingView The above hourly...Read More
Bitcoin’s dramatic value depreciation early in September had a profound effect on the rest of the crypto-market, with many of the industry’s altcoins following its lead to fall down on their charts. At press time Bitcoin is being traded for $10,293 and a $46.3 billion 24-hour trading volume. Source: CoinStats While the altcoin market has...Read More
For all the talk about an incoming altseason, the last few weeks have seen Bitcoin’s influence on the crypto-market become more and more apparent. Defying expectations, the world’s largest cryptocurrency fell incredibly on the charts, falling under $10K even.Soon, contrary to decoupling claims, most of the market’s alts followed suit, with many of them registering...Read More
The crypto-market has been going through some tough times lately. While many expected Bitcoin, the world’s largest cryptocurrency, to finally sustain a breach of $12k and climb on the charts, the opposite happened. BTC fell dramatically on the charts, and the rest of the altcoin market followed suit. The likes of Zcash, Binance Coin, and...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Bitcoin Cash’s long-term market and their impact on its price The popular fork of Bitcoin, Bitcoin Cash was following BTC’s lead as the market registered many great troughs and peaks recently. However, the latest corrections in the market have shaken the...Read More
With the digital asset market stabilizing on the charts to attain some recovery over the past week, Chainlink has been the one to lead this pack of altcoins. Recovering from a local bottom of $9.10, the crypto-asset has done well to briefly re-test the $13-mark over the past 12-hours. However, the appalling bearish pressure continues...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is the sole opinion of the writer Clocking in at a low of $9,980 on the morning of 9 September, Bitcoin soon recovered by close to $600 in a matter of just 24 hours. However, despite the sudden bullishness,...Read More
Stellar Lumens [XLM] was one of the market’s few bullish coins, at the time of writing, with both BAT and DASH exhibiting a bearish bias due to the patterns formed on their charts. In light of the fact that Bitcoin has been tip-toeing the $10,000-level, we can expect many of the market’s cryptocurrencies, especially the...Read More
Tezos’s price and its short-term future were looking bleak, especially after the cryptocurrency’s price dropped below its 200 DMA on the 6-hour chart. In fact, this development pushed the price down from $3.53 to $2.53 over the past week. If this wasn’t enough, more may be on its way for Tezos. Tezos 6-hour chart Source:...Read More
