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Uniswap (UNI) – Exhibiting a strong bearish bearing beneath all the Ichimoku plots

Posted on Thursday, January 13 2022 at 9:12 pm GMT+0000

Uniswap (UNI) sellers have led the coin on a sharp decline towards 13.68, a low last seen back in July 2021 where the price began a near two-month rally. The red Ichimoku cloud is shielding the prevailing bearish structure, having persistently curbed advance since the beginning of 2022. The negatively charged Ichimoku lines are indicating that downward […]

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Polygon (MATIC) – Activated a short-term double bottom formation

Posted on Tuesday, January 11 2022 at 9:39 pm GMT+0000

Polygon (MATIC) powered back after the sharp post-all-time high retracement came to an end at 1.89 on Saturday. The price snapped the return line of the last 20 days downward channel and the previous inside swing high at 2.17 confirming a double bottom formation on the four-hour chart. Technical indicators are favoring further advances in […]

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Solana (SOL) – Heading for further losses

Posted on Monday, January 10 2022 at 8:59 pm GMT+0000

Public blockchain platform Solana (SOL) is moving to the downside since the beginning of November 2021, printing a series of consecutive lower tops and lower bottoms. The latest recovery attempt in late December got rejected by the 50% Fibonacci retracement level around the upper Bollinger band and was followed by a break below December 13th […]

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Bitcoin (BTC) – Reached a pivot zone

Posted on Sunday, January 9 2022 at 9:58 pm GMT+0000

Bitcoin (BTC) is maintaining a strong negative bearing far below the simple moving averages but recently reached a vital pivot zone which actively provided both supports and resistances over the past year. The negatively intersected 50- and 100- day simple moving averages are endorsing the negative price action and the near completion of a golden […]

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Compound (COMP) – recovery curbed by the descending trendline

Posted on Thursday, January 6 2022 at 9:36 pm GMT+0000

Compound (COMP) was forced to shift south after the descending trendline stretched from September 6th and the adjacent 55-day simple moving average managed to curb the last recovery. The coin is in the process of extending its bearish structure of successive lower highs, and lower lows. From a technical perspective, the persistently falling simple moving […]

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Bitcoin (BTC) – Rotated south breaking through the crucial 45,500 support level

Posted on Wednesday, January 5 2022 at 10:28 pm GMT+0000

After being trapped in a sideways consolidation since the beginning of 2022, Bitcoin (BTC) managed to rotate south breaking through the crucial 45,500 support level. Although oscillators were flattening the past couple of sessions, the recent bearish developments pushed the Momentum oscillator well below zero and caused the MACD to slide once again below its […]

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Cardano (ADA) – In the process of extending the negative structure

Posted on Tuesday, January 4 2022 at 10:04 pm GMT+0000

Cardano (ADA) sellers seems in the process of extending the more than 3-month-old negative structure of successive lower highs and lows. Furthermore, the falling simple moving averages are also suggesting that the descent remains sturdy. Oscillators, on the other side, are implying that negative momentum is gaining power again as the IMI shifted south and […]

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Bitcoin (BTC) – Stuck in a narrow range

Posted on Monday, January 3 2022 at 8:43 pm GMT+0000

When trying to forecast the price of Bitcoin for this new year, it is essential to review the price action of the crypto king throughout 2021.  Last year was a year full of high price volatility combined with macro consolidation and generally sideways price action. Last year Bitcoin gained 19,000 and grew about 65% after […]

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Polygon (MATIC) – Trying to set a foothold around the 38.2% Fibonacci level

Posted on Thursday, December 30 2021 at 10:10 pm GMT+0000

Polygon (MATIC) is trying to set a foothold around the 38.2% Fibonacci retracement level of the 1.44-2.92, having withdrawn slightly after posting a new all-time high a few days ago. Despite the current minor price depreciation, the technical picture is still upbeat, and the advancing exponential moving averages are shielding the positive structure of consecutive […]

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Ethereum (ETH) – Confronting a crucial support zone

Posted on Wednesday, December 29 2021 at 10:13 pm GMT+0000

Ethereum (ETH) has been driving downwards since posting an all-time high of 4867 on October 10th and is currently confronting the 3655-3575 section after last week’s recovery faltered in the vicinity of the 4200 mark. This recent downside move is likely to extend as oscillators are suggesting that the negative momentum is growing. The MACD, […]

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