Polkadot (DOT) – On the verge of an outlook upgrade

Posted on Monday, October 31 2022 at 9:07 pm GMT+0000

Polkadot (DOT) bounced aggressively after charting a fresh multi-year low a couple of weeks ago, and managed to erase all October losses. The bulls are currently challenging the 27th of September top near 6.81 in an attempt to oppose the summer decline. Technical indicators suggest an increase in the potency of positive forces as the […]

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Ethereum (ETH) – Expected to attract further buying interest in the near-future

Posted on Thursday, October 27 2022 at 8:45 pm GMT+0000

Ethereum (ETH) skyrocketed more than 17% after breaching the ceiling of the one-month-old tight sideways range, before pausing the immense rally near a familiar resistance zone around 1,600. The oscillators are suggesting that the bulls have claimed full control of the reins as the Awesome Oscillator is accelerating north of its zero mark and the […]

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Dash (DASH) – On the verge of a positive outlook upgrade

Posted on Wednesday, October 26 2022 at 9:30 pm GMT+0000

After plunging to a fresh four-month low a few days ago, Dash (DASH) rebounded aggressively and sliced through the descending regression channel stretched from the August 9th peak, aiming to confirm a bear trap formation on the daily chart. The recent bullish tone is also reflected by the Ichimoku lines which are ready to perform […]

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Polkadot (DOT) – Will further deteriorate the medium-term outlook with a break below 5.65

Posted on Monday, October 24 2022 at 9:06 pm GMT+0000

Polkadot (DOT) has been creeping lower over the last few days, after failing to stretch the last bounce from a 22-month low of 5.65, beyond the 20-day simple moving average. Technically, the negatively charged moving averages are sponsoring the medium-term bearish structure of lower tops and lower bottoms, and the oscillators are suggesting that the […]

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Bitcoin (BTC) – Downside risks keep lingering in the background despite the latest stabilization

Posted on Sunday, October 23 2022 at 9:07 pm GMT+0000

Bitcoin (BTC) continues to drift sideways with weak momentum, painting a series of tiny neutral candlesticks just below the 20-day exponential moving average and the 20,000 barrier. Glancing at the oscillators, they are indicating that the directional impetus vanished. The MACD is following a horizontal path beneath the zero mark. Moreover, the ROC and the […]

Continue Reading (CRO) – Could be setting the stage for a fresh bearish wave

Posted on Wednesday, October 19 2022 at 9:30 pm GMT+0000 (CRO) was forced to move back following the recent recovery thanks to resistance from the upper-line of the regression channel stretched from the August 3rd peak and the adjacent 40-day simple moving average. The bearishly charged 40- and 100-day simple moving averages are safeguarding the medium-term negative structure and the oscillators are hinting at […]

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Chainlink (LINK) – Will likely keep attracting buying interest in the short-term

Posted on Monday, October 17 2022 at 8:51 pm GMT+0000

Chainlink (LINK) painted a higher low and shot aggressively higher during the weekend to erase all of last Friday’s losses. The move confirmed a bullish trend reversal pattern on the four-hour chart. The expansion of the Bollinger bands is showing that volatility has been restored, while the momentum oscillators are suggesting an increase in the […]

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Bitcoin (BTC) – Odds are still in bears’ favor despite the latest bounce

Posted on Thursday, October 13 2022 at 8:30 pm GMT+0000

Bitcoin (BTC) almost touched September’s three-month low of 18,100 after the release of the U.S. CPI data, before bouncing higher to erase all of its losses for the session in the following few hours. However, the medium-term technical picture remains gloomy as the crypto-king keeps hovering below the descending trendline stretched from the August 15th […]

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