Cardano (ADA) has been trending downwards since early September and has managed lately to distance itself from the Ichimoku cloud amid strengthening negative momentum. Momentum indicators are endorsing the negative bias, as the MACD is steering deeper beneath its red trigger line in the negative zone. Moreover, the Tenkan- and Kijun-sen lines continue to be […]
Continue ReadingBitcoin (BTC) edged higher on Thursday trying to recoup the losses posted in the preceding week. And although it managed to conquer the 38.2% Fibonacci retracement level of the September 21st – November 10th rally, it is still lying below the 55-day simple moving average. From a technical perspective, the positively aligned 50- and 100-day […]
Continue ReadingVeChain (VET), the world’s leading blockchain application platform driven by Enterprise Adoption, is developing in an uptrend with a sequence of higher tops and higher bottoms but has been retracing from its all-time high and is currently testing the 61.8% Fibonacci retracement support. Despite this uptrend, various bearish signals are emerging. The convergence between the […]
Continue ReadingSandbox (SAND) powered higher after breaking out of the Bullish pennant, to reach a new record of 5.68 just below the 261.8% Fibonacci extension of the 3.45 – 2.01 down-leg. And even though the technical picture is overwhelmingly positive, some profit-taking would be normal in the short-term specifically as the ROC oscillator flattened lately and […]
Continue ReadingSolana (SOL) has managed to find a foothold around the 50% Fibonacci retracement level of the last 116-260 impulsive wave, and well distanced itself from the 55-day exponential moving average. In technical indicators, the positively aligned 21- and 55-day exponential moving averages, are safeguarding the current bullish structure. While the last bounce itself can be […]
Continue ReadingAvalanche (AVAX) has gone wild lately, cracking one record high after another. It has gone parabolic this week, distancing itself well beyond the regression channel pulled from June lows. Momentum oscillators are completely overwhelmed. The RSI is flirting with the 80 level well beyond the overbought threshold and the MACD skyrocketed. Both showing no signs […]
Continue ReadingHelium (HNT) has fallen under the 55-exponential moving average and has lost the 38.2% Fibonacci at $46.63 and is holding the 23.6% Fibonacci at $43.64 The MACD is negatively charged at -1.1, and the RSI is oversold at this stage and has a lot of room for growth moving forward. For the first time in […]
Continue ReadingTezos (XTZ) keeps plummeting across the board as the price had consolidated below the Ichimoku Kumo at the daily chart. Now, the altcoin is exchanging hands at around $5.20, and it seems like the crypto could be on its way to hitting new lows. The nearest critical support lies at $5.00. Currently, the TD Sequential […]
Continue ReadingVeChain (VET) plunged to test the $0.13 level briefly following the deployment of its hard fork on the mainnet, which seeks to be eco-friendly and make adjustments in the way of how the blockchain processes the blocks. It implies that three participants are required to validate a block. In terms of price action, as […]
Continue ReadingPolkadot (DOT) has been in a downside correction mode for almost 10-days now and seems stuck in between the 20- and 40-day simple moving averages. At the current stage, momentum oscillators are revealing a bearish status, signaling that the current retracement might get extra legs. The CCI oscillator is still diving in the negative territory […]
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