Bitcoin (BTC) has been lately recouping some of the losses it incurred at the beginning of November, as traders took some comfort from Fed Chair Powell’s talk of a Fed pivot amid easing FTX contagion fears. The crypto-king is currently consolidating the recent rebound from the two-year low of 15,400 just beneath the middle-line if […]
Continue ReadingEthereum (ETH) rebounded from the vicinity of the early November low of 1,073 last week, and has been since edging higher inside an ascending channel. The second-largest cryptocurrency surged above exponential moving averages to confront the 38.2% Fibonacci retracement level of last month’s freefall. The recent positive intersection of the 20- and 55-period exponential moving […]
Continue ReadingDogecoin (DOGE) bulls are pushing efforts to stretch the short-term positive structure beyond Sunday’s high following the recent propulsion from the vicinity of the exponential moving average. Technically, the rising 20- and 55-period exponential moving averages are promoting further bullish price action, while the momentum oscillators are painting a picture where the positive impetus is […]
Continue ReadingGala (GALA) sellers rekindled the short-term negative bearing following a minor recovery, and are currently confronting the last intraday bottom with the aim to underpin the current structure. The 100- and 200-period exponential moving averages are negatively charged and the oscillators are suggesting that the negative impetus has jump-started. The TSI crossed back below its trigger […]
Continue ReadingBitcoin (BTC) took a minor step back following the recent bounce from a fresh two-year low of 15,400 and has been trading in a quiet fashion over the U.S. Thanksgiving Holidays amid a remarkable decrease in trading volume. As regards the technical outlook, it is still looking gloomy, and despite the recent price stabilization, the crypto-king […]
Continue ReadingBitcoin Cash (BCH) price has produced an applaudable retaliation against the early November mudslide and shot higher to confront the Ichimoku cloud and the upper bar of the regression channel stretched from the July 29th top. The Tenkan-sen line bounced aggressively and crossed above the flat Kijun-sen line indicating that the bulls are attempting to […]
Continue ReadingEthereum Classic (ETC) staged an impressive rebound in the last few sessions and erased the previous week’s losses to confront the Ichimoku cloud and the neighboring 38.2% Fibonacci resistance fan stretched from the November 6th peak. There is some speculation for additional bullish sessions in the short-term given the positive intersection of the Ichimoku lines. […]
Continue ReadingEthereum (ETH) sellers were confronting a familiar support zone that halted the sell-off on November 9th, and the medium-term technical picture remains obviously discouraging. The bearishly aligned Ichimoku lines are indicating that downward forces currently sit on the driver’s seat. Additionally, the oscillators are hinting at further price depreciation, as the TSI is falling without […]
Continue ReadingChainlink (LINK) has been losing ground since the FTX disaster, painting a clear series of lower highs and lower lows. Now, the bears are challenging the last intraday bottom aiming to underpin the current bearish structure, promoted by the persistent negative bearing of the 20- and 40-period exponential moving averages. The momentum indicators are also […]
Continue ReadingBitcoin (BTC) has shifted to the sidelines following the tremendous drop of 37% triggered by the collapse of FTX earlier this month. The crypto-king has been tiptoeing marginally above the lower-Keltner channel, painting a series of tiny candlesticks, while the downwards slope of the channels is sponsoring the prevailing downtrend. Moreover, the oscillators are suggesting […]
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