Cryptocurrencies / Page 23

Bitcoin pinned around $39,000 as Ukraine war proves a blessing and a curse – Cryptocurrency News

Posted on March 15, 2022 at 3:45 pm GMT

Bitcoin has been trading in a range since late January when fears about sky-high inflation took hold over the markets and tensions between Russia and Ukraine first started to escalate. The sideways pattern isn’t showing any signs of breaking up, so why is the price so unusually disciplined at such a tumultuous period for financial markets? The halving effect The price of Bitcoin – still the largest cryptocurrency by market cap – exploded higher in 2020 and 2021. Whilst the [..]

Technical Analysis – XRPUSD aims for a bullish triangle breakout

Posted on March 9, 2022 at 4:35 pm GMT

XRPUSD (ripple crypto) has been oscillating back and forth within the 0.7000 – 0.800 region so far this month, of what looks to be now transforming to a symmetrical triangle. While that kind of triangle is a neutral signal for the market, and the bearish crosses within the simple moving averages (SMAs) on the four-hour chart are dashing hopes for any trend improvement, the good news is that the price is set for a close above the triangle’s upper trendline [..]

Technical Analysis – LTCUSD shows bullish tendency after February’s plunge

Posted on March 2, 2022 at 3:19 pm GMT

LTCUSD (Litecoin) has been trending northwards since the plunge to a multi-year low of 91.43 in the four-hour chart last week, with the price topping its latest bullish action at 116.00 on Monday before correcting lower again. Discouragingly, the price has slid below the 111.00 region, which has been balancing downside pressures the past few sessions, raising speculation that the latest pullback could gain extra legs, but the market is currently trying to recoup that setback. Nevertheless, traders may not [..]

Technical Analysis – BTCUSD descending triangle breakout could be nearing

Posted on September 24, 2019 at 2:48 pm GMT

BTCUSD (Bitcoin) has been gradually making lower highs since June’s spike to the 1½-year high of 13,809, what now looks to be a descending triangle with a support line around 9,250. The technical indicators are currently favoring a bearish picture for the short-term, as the RSI is maintaining a downward slope under its 50 neutral mark and the MACD seems to be gaining negative momentum below its red signal line. The base around 9,250 could reject downside corrections but if [..]

Technical Analysis – BTCUSD exposed to downside corrections

Posted on September 6, 2019 at 1:55 pm GMT

BTCUSD (Bitcoin) staged a stunning upside reversal around the 9,300 support area, with the price surging back above the 100-period exponential moving average (EMA) and towards two-week highs. Buyers are currently pushing efforts to overcome the 38.2% Fibonacci of 10,837 of the downleg from 13,809 to 9.011, a break of which could see the retest of the 11,130 barrier. Moving higher, the 50% Fibonacci of 11,398 could next captivate trader’s attention and trigger another bullish action towards the 61.8% Fibonacci [..]

Technical Analysis – LTCUSD still in a bearish hangover; crosses under 200-day SMA

Posted on August 30, 2019 at 12:26 pm GMT

LTCUSD (Litecoin), the fifth largest cryptocurrency by market cap, turned on a slippery road after hitting a one-year high of 143.61 in June, with the price crossing below the Ichimoku cloud, and recently under the 200-day simple moving average (SMA). The bearish cross of the 20- and the 50-day SMAs is more evidence that the downward pattern may stay in place for longer. Although the RSI is located in the oversold territory, the indicator has yet to show any sign [..]

Technical Analysis – BTCUSD breaks symmetrical triangle to the downside

Posted on August 29, 2019 at 2:55 pm GMT

BTCUSD (Bitcoin) breached a symmetrical triangle to the downside on Wednesday in the four-hour chart and plunged to the 9,300 support-area – a negative trend signal. The fast-Stochastics and the RSI signal, however, have bottomed in the oversold territory and are turning higher, hinting that a rebound may be around the corner. A move northward could initially pause around the 9,680 barrier and then somewhere between the 23.6% Fibonacci of 10,130 of the downleg from 13,809 to 9,011 and the [..]

Technical Analysis – BTCUSD slips below 100-EMA and Ichimoku cloud

Posted on August 14, 2019 at 10:18 am GMT

The famous crypto Bitcoin came under fresh selling after slumping below the 100-period exponential moving average (EMA) and the Ichimoku cloud in the four-hour chart. According to the RSI and the Stochastics the market is fluctuating in oversold waters and hence upside corrections are likely. Still, the market may need to run comfortably above the 100-period EMA currently at 10,873, and more importantly above the 50% Fibonacci of 11,400 of the long donwleg from 13,809 to 9,011 to boost buying [..]

Technical Analysis – BTCUSD clears 100-EMA; bias cautiously bullish

Posted on August 2, 2019 at 1:45 pm GMT

Bitcoin propelled out of the Ichimoku cloud and above the 100 exponential moving average (EMA) in the four-hour chart, which proved hard to breach early in July. According to the RSI, the market seems to have reached overbought conditions and is likely to experience some weakness in the short-term as the indicator moves softly around its 70 overbought mark. However, if the MACD keeps gaining ground in the positive territory, the price may continue to head higher. An upturn above the July [..]

Technical Analysis – ETHUSD struggles under 40-SMA with weak momentum

Posted on July 22, 2019 at 10:48 am GMT

ETHUSD has been moving with weak momentum over the last few sessions, remaining between the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. Following the rebound on 187.63, the 61.8% Fibonacci retracement level of the upward wave from 80.00 to 362.045, the technical indicators are suggesting more gains to come ahead; the stochastic is positively sloped and below the overbought zone, while the MACD is extending its upward movement towards the zero line. In the event of an upside reversal, [..]

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