Analysis

Terra (LUNA) – Opened the gates towards new record highs

Posted on Wednesday, March 9 2022 at 9:04 pm GMT+0000

Terra (LUNA) has been surging with strong momentum towards a fresh more than two-month high beyond 100.00. The price recorded two consecutive impressive bullish days underpinning the last couple of months’ bullish structure. Technically, the positive intersection between the 20- and the 50-day simple moving averages is nourishing the current structure and the indicators are […]

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Cosmos (ATOM) – Expected to give up more ground in the forthcoming sessions

Posted on Tuesday, March 8 2022 at 8:59 pm GMT+0000

Cosmos (ATOM) has taken some heavy damage in the last two and a half months and dropped to a fresh 3-month low at 21.53 on February 24 before bouncing higher. However, it seems like the moderate recovery posted over the past couple of weeks couldn’t overpower the prevailing bearish structure, and negative pressures are making […]

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Ethereum (ETH) – Developing a symmetrical triangle

Posted on Monday, March 7 2022 at 9:29 pm GMT+0000

Ethereum (ETH) seesawed sharply over the last few weeks, developing a symmetrical triangle since the drop to a fresh 7-month low on January 24. Symmetrical triangles are viewed by Traders and market analysts commonly as consolidation patterns that may forecast either the continuation of the existing trend or a trend reversal. This triangle pattern is […]

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Enjin (ENJ) – Exposed to additional bearish developments

Posted on Sunday, March 6 2022 at 8:40 pm GMT+0000

The Ethereum token that aims to make it easy for individuals, businesses, and brands to use non-fungible tokens, Enjin (ENJ) has taken some heavy damage lately, and slipped below its 20- and 55-period exponential moving averages on the four-hour chart. The price seems in the process of fulfilling a continuation Head & Shoulders pattern, with […]

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Polkadot (DOT) – Downside risks lingering in the background

Posted on Thursday, March 3 2022 at 9:09 pm GMT+0000

Polkadot (DOT) has tiptoed to the downside after its 7 days upside correction peaked at 19.60 on Tuesday thanks to resistance from the 40-day simple moving average. The falling simple moving averages are promoting the bearish trend in motion, and the oscillators are indicating that negative forces have been jump started. Both the momentum indicator […]

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Binance coin (BNB) – Strengthened is bullish demeanor significantly

Posted on Wednesday, March 2 2022 at 9:06 pm GMT+0000

Binance coin’s (BNB) bullish demeanor has strengthened significantly after the jump from the more than 5-month low of 324.00. Currently buyers are approaching the February 8th top aiming to complete a bullish double bottom formation. Additionally, momentum oscillators are skewed to the upside. The Awesome Oscillator is rising over the last five days, while the […]

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Bitcoin (BTC) – In the process of fulfilling a double bottom pattern

Posted on Tuesday, March 1 2022 at 9:31 pm GMT+0000

Bitcoin (BTC) kicked off the new week with a strong bullish tone and jumped more than 14% on Monday, stretching the bounce off the 34,100 low. The rally resumed for the second consecutive session, erasing almost all of the February losses, flourishing optimism about a possible double bottom reversal pattern. The crypto king managed to […]

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Solana (SOL) – Has good potential to make further progress in the short term

Posted on Monday, February 28 2022 at 9:06 pm GMT+0000

Solana (SOL), the public blockchain platform with smart contract functionality, bounced forcefully near the upper-line of the regression channel stretched from the 7th of February high and barely conquered the previous intraday resistance. The short-term oscillators convey a picture where positive momentum is gaining strength. The MACD jumped above its signal line a tad above […]

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Axie Infinity (AXS) – Resilient inside a descending regression channel

Posted on Sunday, February 27 2022 at 9:21 pm GMT+0000

Axie Infinity’s (AXS) recent retracement from a near 6-month low of 41.93 has snagged in the vicinity of the upper-line of the regression channel pulled from the February 7th peak. From a technical perspective, the diving 50- and 100-period simple moving averages are defending the short-term bearish trend, while the momentum oscillators are indicating that […]

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Terra (LUNA) – Long-term bearish structure is still unharmed

Posted on Thursday, February 24 2022 at 7:57 pm GMT+0000

After a couple of sessions of upbeat performance, Terra (LUNA) seesawed amid panic mode arising from the recent geopolitical developments, while still struggling to secure a daily close above February 7th resistance at 60.66. On Wednesday the price failed to conquer the 100-day simple moving average then shifted lower, and barely returned inside the bearish […]

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