VeChain (VET) – Expected to extend its bearish cycle in the near future

Posted on Thursday, November 17 2022 at 8:30 pm GMT+0000

VeChain (VET) bulls saw their latest efforts falling apart in the vicinity of the 50-period exponential moving average, and the supply chain management blockchain printed another lower high on the four-hour chart. The falling 50- and 100-period exponential moving averages are defending the dictating bearish structure, while the oscillators are suggesting steeper price decreases. Both […]

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Cosmos (ATOM) – Exposed to further deterioration in the short-term

Posted on Monday, November 14 2022 at 9:12 pm GMT+0000

Since the 5th of November, Cosmos (ATOM) has been falling without a parachute, losing around 40% of its value. Following a minor recovery last Friday, bears re-emerged near the 20-period simple moving average to contest the most recent intraday support, while aiming to stretch the current descent. The technical indicators are presently favoring such a […]

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Bitcoin (BTC) – Still vulnerable to resuming the slide

Posted on Sunday, November 13 2022 at 9:08 pm GMT+0000

Bitcoin (BTC) price shows a clear lack of buying pressure, as the end of week quick recovery faltered inside the 17,600 – 18,100 tough resistance band. The crypto-king remains vulnerable to resuming the slide as reflected in the dictating 50- and 100-day simple moving averages, which are defending the medium-term negative structure. In other trend […]

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Bitcoin (BTC) – Staged an impressive rebound following the recent sharp sell-off

Posted on Thursday, November 10 2022 at 9:16 pm GMT+0000

Bitcoin (BTC) staged an impressive rebound on Thursday following the U.S. lighter-than-expected inflation report, jumping more than 10% back towards the lower-Bollinger band located just beneath the 17,600 – 18,200 key resistance area. However, the move did not affect the medium-term strong negative bearing. This assumption is reinforced by the oscillators which are suggesting that […]

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Avalanche (AVAX) – Repowered its negative bearing

Posted on Wednesday, November 9 2022 at 9:20 pm GMT+0000

Avalanche’s (AVAX) bears returned with vengeance in the vicinity of the 2/1 Gann fan angle and squeezed the price below the exponential moving averages and decisively snapped the mid-October bottom underpinning the medium-term negative structure. The momentum indicators point to more declines ahead as the MACD has slid below its signal line and nudged into […]

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Chainlink (LINK) – Bulls rekindling the medium-term positive bearing

Posted on Monday, November 7 2022 at 9:28 pm GMT+0000

In an attempt to rekindle the short-term uptrend, Chainlink (LINK) weighed decisively on the lower line of the regression channel pulled from the 10th of October low and instantly surpassed the 20- and 55-period exponential moving averages. As regards the market trend, the positively aligned 20- and 55-period exponential moving averages are endorsing the upward […]

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Bitcoin (BTC) – Exhibiting a sturdy bullish appetite above the cloud

Posted on Sunday, November 6 2022 at 9:28 pm GMT+0000

Bitcoin’s (BTC) price has shown applaudable strength during the first week of November. The crypto-king surged more than 4% on Friday following the U.S. NFP data and posted its first daily close outside the Ichimoku cloud since mid-April. In addition to the jump over the cloud which is seen as an encouraging sign, the indicator’s […]

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Algorand (ALGO) – Pushing to underpin the short-term bullish structure

Posted on Thursday, November 3 2022 at 9:17 pm GMT+0000

Algorand (ALGO) bulls are pushing efforts to underpin the short-term bullish structure, following the recent propulsion off the 50-period simple moving average. Technically, the rising 20- and 50-period simple moving averages are promoting further bullish price action, something being also backed by the short-term oscillators which are conveying a stagnant increase in the positive impetus. […]

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Flux (FLUX) – Bears looking to extend the medium-term negative course

Posted on Wednesday, November 2 2022 at 9:00 pm GMT+0000

After a brief recovery, Flux (FLUX) bears are making a comeback and seem insisting on extending the medium-term negative course. The falling 20- and 50-day simple moving averages are still backing the broad downtrend, while the oscillators are suggesting that negative momentum has jump-started. Specifically, the RSI has turned lower below its 50-neutral mark, and […]

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Binance Coin (BNB) – Confronting a tough resistance bar

Posted on Tuesday, November 1 2022 at 8:45 pm GMT+0000

Following an impressive 28% rally over the last couple of weeks, Binance Coin (BNB) hit a snag and appears to be fading somewhat from the vicinity of the 337.00 barrier, which has proven a tough upside deterrent in the last months. Nevertheless, from a technical perspective, the bullish appetite could persist in the forthcoming sessions, […]

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