Bitcoin (BTC) has plunged 12% overnight on Saturday and 23% in total last week before it landed on the 55-week exponential moving average, just below the 61.8% Fibonacci level of the 28900-69000 bullish wave. Since then, it has recovered over half of the losses and is currently testing the 50000 level. Despite the remarkable bounce […]
Continue ReadingPolygon token (MATIC) has regained its buoyancy with a bounce near the 20-day exponential moving average, and recently managed to overstepped the November 23rd high, and the 23.6% Fibonacci retracement level of the 0.64-2.2 uptrend. The advancing exponential moving averages and oscillators are confirming that positive forces are bolstering. The MACD is positively charged above […]
Continue ReadingBinance coin (BNB) stepped on the ascending trendline stretched from September lows and reversed a large part of the latest pullback from the 696.1 high, nourishing its well-established bullish zigzag course which has been safeguarded by the persistent positive bearing of the 55- and 100-day exponential moving averages. As regards the price momentum, the RSI […]
Continue ReadingChainlink (LINK) breached the ascending trendline stretched from July lows before hitting a snag around the 61.8% Fibonacci retracement level of the 13.38-38.2 uptrend. This month’s aggressive sell-off dampened the medium-term structure and the recent bearish crossover between the 20- and 50-days exponential moving averages is suggesting that sellers didn’t give yet the upper hand […]
Continue ReadingAfter forming a strong foothold off the Ichimoku cloud’s lower surface, Bitcoin (BTC) powered back higher and managed to overstep the Tenkan-sen line, recouping almost all the losses posted last week. And although the Tenkan and Kijun-sen lines are still negatively aligned, both became flat lately signaling weakening negative forces. While the RSI and IMI […]
Continue ReadingCardano (ADA) has been trending downwards since early September and has managed lately to distance itself from the Ichimoku cloud amid strengthening negative momentum. Momentum indicators are endorsing the negative bias, as the MACD is steering deeper beneath its red trigger line in the negative zone. Moreover, the Tenkan- and Kijun-sen lines continue to be […]
Continue ReadingBitcoin (BTC) edged higher on Thursday trying to recoup the losses posted in the preceding week. And although it managed to conquer the 38.2% Fibonacci retracement level of the September 21st – November 10th rally, it is still lying below the 55-day simple moving average. From a technical perspective, the positively aligned 50- and 100-day […]
Continue ReadingVeChain (VET), the world’s leading blockchain application platform driven by Enterprise Adoption, is developing in an uptrend with a sequence of higher tops and higher bottoms but has been retracing from its all-time high and is currently testing the 61.8% Fibonacci retracement support. Despite this uptrend, various bearish signals are emerging. The convergence between the […]
Continue ReadingSandbox (SAND) powered higher after breaking out of the Bullish pennant, to reach a new record of 5.68 just below the 261.8% Fibonacci extension of the 3.45 – 2.01 down-leg. And even though the technical picture is overwhelmingly positive, some profit-taking would be normal in the short-term specifically as the ROC oscillator flattened lately and […]
Continue ReadingSolana (SOL) has managed to find a foothold around the 50% Fibonacci retracement level of the last 116-260 impulsive wave, and well distanced itself from the 55-day exponential moving average. In technical indicators, the positively aligned 21- and 55-day exponential moving averages, are safeguarding the current bullish structure. While the last bounce itself can be […]
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