Over the years, cryptocurrencies have slowly made their way into the financial sector. Many businesses have started integrating them within their own portfolios — be it as a means of conducting business or as a business in and of itself. Traded on a decentralized market, cryptocurrencies operate on a blockchain, meaning they are somewhat […]
Continue ReadingCosmos (ATOM) has been creeping higher over the last few sessions, and bulls are now pushing efforts to stretch the short-term positive structure beyond the January 9th high. Technically, the rising 20- and 55-period exponential moving averages are promoting further bullish price action. However, momentum oscillators are at the moment reflecting a dwindling in positive […]
Continue ReadingEthereum (ETH) staged an epic start to the new year as it climbed to confront the 1,351 resistance hurdle that being the upper bar of an ascending triangle created over the last couple of months. This type of triangle usually forms as a continuation pattern during an uptrend. However, in some instances, such triangles could […]
Continue ReadingCurve DAO (CRV) kicked off the new year with a buoyant mood, staging an aggressive rebound to slice through the descending regression channel pulled from the July 28th peak. The slowing bearish pace of the 50-day simple moving average and the minor upturn of the 20-day simple moving average are mirroring the recent stall in […]
Continue ReadingBitcoin (BTC) has risen in stair-step fashion during the first week of the year, bolstering a 4% increase in market value since January 1st opening price. But although the crypto-king finally managed to step over the 20-day exponential moving average, it is still lacking a clear trend, as reflected by the ADX which has been […]
Continue ReadingCosmos (ATOM) has been creeping higher in the previous three weeks and overstepped the 40-day exponential moving average, to confront the upper bar of the descending regression channel stretched from the September 9th top. The coin however failed to decisively thrust above the channel on Wednesday, and printed a Gravestone Doji candlestick. That kind of […]
Continue ReadingTezos (XTZ) is striving to extend above the 23.6% Fibonacci retracement level of the December freefall, after buyers re-emerged around a more than three-year low at 0.6977. The coin staged a spectacular rally, stepped above the 55-period exponential moving average and erased more than 20% of the previous month’s losses, before pausing around the aforementioned […]
Continue ReadingBitcoin Futures (BTC1) have been edging sideways over the last few weeks, painting some tiny candlesticks just beneath of the Tenkan-sen line, which managed to curb the late 2022 recovery attempt around the summer bottom of 18,500. The long-term bearish bias is still constant, even though downside forces are currently lacking, and the price action […]
Continue ReadingCardano (ADA) built the foundation for a new bearish wave after the recent dive below the 0.247 support level, which triggered last week’s rebound. The bearishly aligned Ichimoku lines are endorsing the prevailing downward forces while the technical indicators are raising the stakes for additional declines in the coming sessions. Both the Awesome Oscillator and […]
Continue ReadingDogecoin’s (DOGE) short-term negative bearing has been rekindled after the 55-period exponential moving average curbed advances, which began from the recorded two-month low of 0.070. The 20-period exponential moving average shifted back south while the negatively charged 55- and 200-period exponential moving averages are dictating the bearish picture. Moreover, the oscillators are suggesting that the […]
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