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 […]
Continue ReadingPolkadot (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 […]
Continue ReadingPayment 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 […]
Continue ReadingFollowing 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 […]
Continue ReadingBitcoin (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 […]
Continue ReadingCivic’s (CVC) recent recovery attempt fell apart around the tough lower-line of the regression channel stretched from the January 24th low, and the price reversed harshly towards the key 0.243 support barrier. The falling 100- and 200-day exponential moving averages are sponsoring the bearish outlook while signals from the oscillators are still clearly discouraging. The […]
Continue ReadingBitcoin’s (BTC) volatility dropped critically as reflected by the ATR indicator, which has been aggressively declining since last December. Additionally, during the first quarter of this year, the crypto leader’s volatility clocked in at 3.45%, remarkably lower than the levels reached in the same quarter of 2020 and 2021 where it reached 4.40% and 4.68% […]
Continue ReadingThe previous month’s sharp downfall sent Tezos’s (XTZ) price to a fresh 10-month low at 2.40, and the technical picture currently supports more weakness. The negatively charged Ichimoku lines are demonstrating that the bearish forces are dominating the stage. Moreover, the oscillators are skewed to the downside, suggesting extra bearish developments. The KST is diving […]
Continue ReadingApril used to be a positive month for the crypto-king, but this hasn’t been the case this year. Bitcoin Futures (BTC1) plunged more than 17% this April marking the biggest monthly drop since last December. May started with a slightly positive tone, leading to the liquidation of $46.48 million in positions, among which almost 58% […]
Continue ReadingCardano (ADA) has taken notable heavy damage during April and stretched the medium-term downtrend initiated from September’s peak to levels last seen in February 2021. Moreover, the persistent negative bearing in the 55- and 100-day exponential moving averages is nurturing the prevailing bearish structure. However, the price lately steadied around the February 24th bottom at […]
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