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Chainlink (LINK) – Expected to keep attracting selling interest in the near-future

Posted on Thursday, May 19 2022 at 9:14 pm GMT+0000

Chainlink (LINK) saw its last bullish efforts evaporate in the vicinity of the 10-exponential moving average, which managed to prevent any close higher ever since early April. The price painted a sturdy structure of lower highs and lower lows, sponsored by the negatively charged 10- and 40-days exponential moving averages. Moreover, the ADX is rising, while […]

Solana (SOL) – Setting the stage for the next bearish wave

Posted on Wednesday, May 18 2022 at 9:18 pm GMT+0000

Solana’s (SOL) recent recovery from a near 10-month low of 36.20 has hit a snag in the vicinity of the middle-line of the regression channel pulled from the 2nd of April top, and downside forces are picking up again. The stochastic oscillator which reclaimed a negative charge below its equilibrium is backing up the above […]

Litecoin (LTC) – In a recovery mode eying 83.37

Posted on Tuesday, May 17 2022 at 9:23 pm GMT+0000

Litecoin (LTC) has been in recovery mode over the last few days, slowly erasing a part of the slump to a fresh 18-month low of 52.00 hit on Thursday. The oscillators are displaying a picture where the negative momentum is softening, with the ROC stepping over its moving average in the bearish territory and the […]

Bitcoin futures (BTC1!) – Exposed to further bearish developments

Posted on Monday, May 16 2022 at 9:39 pm GMT+0000

Bitcoin futures (BTC1!) came under tremendous selling pressures in the previous couple of months, printing 7 red consecutive weekly candles. The flagship cryptocurrency is now traded 57% lower from its ATH, while during the previous week it fell as low as 25,400, its lowest since December 2020. It kicked off the new week with a […]

Bitcoin (BTC) – Bearish bearing is taking a breather

Posted on Sunday, May 15 2022 at 9:06 pm GMT+0000

Bitcoin (BTC) fell like a stone after cracking the bottom line of the almost five-month-old channel, stretching the broad negative trajectory to levels unseen since late December 2020. However, following the sharp sell-off, the crypto-king painted a bullish Dragonfly Doji candle on the daily chart last Thursday and stabilized somehow over the weekend. Such a […]

Curve Dao (CRV) – Testing 161.8% Fibonacci extension

Posted on Thursday, May 12 2022 at 9:02 pm GMT+0000

Curve Dao (CRV) has been forced to reverse lower following a brief recovery earlier this month, pressed by the descending trendline drawn from the 8th of February top, and lately broken the crucial support level of 1.85 and kissed the 161.8% Fibonacci level of the mid-March up-leg. Technical indicators are endorsing the bearish outlook as […]

Polkadot (DOT) – Testing key support to stretch the current bearish trajectory

Posted on Wednesday, May 11 2022 at 9:02 pm GMT+0000

Polkadot (DOT) fell without a parachute over the last month stretching its bearish structure to levels not seen since January 2021 amid a vast panic sell-off in the crypto arena. Even though the price reached the 161.8% Fibonacci extension level of the March bullish leg, the descent is showing limited signs of slowing down. Reinforcing […]

Ripple (XRP) – Sell-off still has room to run

Posted on Tuesday, May 10 2022 at 9:47 pm GMT+0000

Payment network Ripple (XRP) fell aggressively over the past 40 days, reaching levels last seen in March 2021, extending the structure of lower highs and lower lows initiated from the November peak. The strong negative charge exhibited by the Ichimoku directional lines is reflecting the bearish forces’ dominance. The oscillators however are transmitting mixed messages […]

Bitcoin Futures (BTC1) – Long-term technical picture at risk of a major downgrade

Posted on Monday, May 9 2022 at 9:08 pm GMT+0000

Following the disappointing April, Bitcoin Futures (BTC1) started May on the wrong foot, extending the consecutive weekly losing sessions to six, deteriorating the broad outlook. Adding to the overwhelming negative pressures, this week’s downside gap of 4.10% – the largest since last November – sent the crypto-king below the critical 33,000 bottom, skyrocketing the last […]

Bitcoin (BTC) – Setting the stage for the next bearish round

Posted on Sunday, May 8 2022 at 9:43 pm GMT+0000

Bitcoin (BTC) suffered heavy losses after a minor short-lived recovery on May 5 motivated by Powell’s not-so-hawkish stance following the last FOMC meeting and plunged to a fresh more than four-month low around 33,700 earlier on Sunday. The recent drop below 37,100 critically dampened the technical picture and drove the price deep below all the […]

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