Analysis

Ripple (XRP) – Pulling back following September remarkable rally

Posted on Tuesday, September 27 2022 at 8:27 pm GMT+0000

Ripple (XRP) outperformed the rest of the crypto market over the previous weeks and skyrocketed to a fresh 4-month high at 0.560. However, the rally fizzled out near the 50% Fibonacci retracement level of the April – June freefall and the price reversed sharply lower. Nevertheless, despite the recent setback, the soaring and positively aligned 20-and […]

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Sandbox (SAND) – Expected to come under renewed selling pressures

Posted on Monday, September 26 2022 at 9:11 pm GMT+0000

Sandbox’s (SAND) recent recovery from a more than 8-month low of 0.733 has snagged near the upper line of the regression channel stretched from July’s peak, as downside forces remain a frontrunner in the metaverse and gaming ecosystem platform. The negative bearing of the 40- and 100-day exponential moving averages is endorsing the medium-term bearish […]

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Axie infinity (AXS) – Ready to stretch its short-term downtrend to new lows

Posted on Sunday, September 25 2022 at 9:08 pm GMT+0000

Axie infinity’s (AXS) recent recovery from the 11.64 low tagged on the 19th of September snagged around the upper-line of the regression channel stretched from the 3rd of September top, and the price reversed back lower. The aforementioned bullish attempt did not harm the short-term negative structure, which is safeguarded by the negatively charged 50- […]

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NEAR Protocol (NEAR) – Expected to come under massive selling pressure

Posted on Thursday, September 22 2022 at 8:15 pm GMT+0000

NEAR Protocol (NEAR) has been creeping lower over the last couple of days, coming close to confirming a bearish trend reversal pattern after the summer rally from the mid-June 10-month low hit a snag in the vicinity of the tough late May resistance of 6.55. As the price is now hovering near the July 26th […]

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Avalanche (AVAX) – Sustaining a sturdy bearish bias, and could experience further depreciations

Posted on Wednesday, September 21 2022 at 8:49 pm GMT+0000

Avalanche (AVAX) is extending the one-and-a-half month decline beneath the exponential moving averages and the descending trendline stretched from the August 8th peak. The negative charge of the 20- and 55-day exponential moving averages is backing the bearish picture in the coin and the momentum indicators are clearly leaning to the downside. The fresh bearish […]

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Ethereum Classic (ETC) – Ready for its next bearish wave

Posted on Tuesday, September 20 2022 at 8:31 pm GMT+0000

Ethereum Classic (ETC) is currently confronting the lower surface of the Ichimoku cloud, having reacted on Monday to the tough support zone of 24.58, linking the July 23rd peak and the return line of the descending channel stretched from the August 13th high. The mid-June to mid-August positive impetus, which has overshot the price by […]

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Litecoin (LTC) – Odds shifted in the bears’ favor following the recent sell-off

Posted on Monday, September 19 2022 at 8:23 pm GMT+0000

Litecoin (LTC) reversed sharply lower last week after failing to close above the August 14th high, to activate a Bull Trap reversal pattern, and put an end to the last three-months minor uptrend. As the price is now hovering beneath the ascending regression channel stretched from the June 14th bottom, the oscillators are sending clear […]

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Bitcoin (BTC) – Technical signals deteriorated dramatically in the last few weeks

Posted on Sunday, September 18 2022 at 8:45 pm GMT+0000

Bitcoin (BTC) could barely rotate since the rejection near the upper-Bollinger band and the early August low of 22,400 on Tuesday and has been since tiptoeing just beneath the 20-day simple moving average, refusing to show any recovery appetite. The mid-August decline critically degraded the medium-term technical picture. And despite the recent horizontal path followed […]

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Binance Coin (BNB) – Exposed to additional downside movements

Posted on Thursday, September 15 2022 at 8:34 pm GMT+0000

Binance Coin (BNB) is re-challenging the 3/1 Gann fan angle stretched from the June 18th bottom which managed to curb downside movements the previous week. The famous coin’s volatility has eased over the last few days as reflected by the squeezed Bollinger bands, while the oscillators are conveying weak signals in the directional impetus. The […]

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Ethereum (ETH) – Dropped below the channel exposing itself to additional weakness

Posted on Wednesday, September 14 2022 at 9:16 pm GMT+0000

Ethereum (ETH) plummeted to a fresh one-week-low of 1,580, penetrating the ascending regression channel stretched from the August 29th bottom to meet the 3/1 Gann fan angle. While the second largest cryptocurrency awaits “The Merge”, expected to be completed on Thursday, its short-term technical picture seems a bit grim. Specifically, the 20-and 55-exponential moving averages […]

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