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Bitcoin (BTC) – Exhibiting a slight tilt to the upside, but needs to surge beyond 18,400 to upgrade the medium-term outlook

Posted on Sunday, January 8 2023 at 8:34 pm GMT+0000

Bitcoin (BTC) has risen in stair-step fashion during the first week of the year, bolstering a 4% increase in market value since January 1st opening price. But although the crypto-king finally managed to step over the 20-day exponential moving average, it is still lacking a clear trend, as reflected by the ADX which has been […]

Cosmos (ATOM) – Confronting a strong resistance zone

Posted on Thursday, January 5 2023 at 8:30 pm GMT+0000

Cosmos (ATOM) has been creeping higher in the previous three weeks and overstepped the 40-day exponential moving average, to confront the upper bar of the descending regression channel stretched from the September 9th top. The coin however failed to decisively thrust above the channel on Wednesday, and printed a Gravestone Doji candlestick. That kind of […]

Tezos (XTZ) – Striving to stretch the current upside correction

Posted on Wednesday, January 4 2023 at 8:21 pm GMT+0000

Tezos (XTZ) is striving to extend above the 23.6% Fibonacci retracement level of the December freefall, after buyers re-emerged around a more than three-year low at 0.6977. The coin staged a spectacular rally, stepped above the 55-period exponential moving average and erased more than 20% of the previous month’s losses, before pausing around the aforementioned […]

Bitcoin Futures (BTC1) – Long-term bearish bias is still constant, even though downside forces are currently lacking

Posted on Tuesday, January 3 2023 at 8:17 pm GMT+0000

Bitcoin Futures (BTC1) have been edging sideways over the last few weeks, painting some tiny candlesticks just beneath of the Tenkan-sen line, which managed to curb the late 2022 recovery attempt around the summer bottom of 18,500. The long-term bearish bias is still constant, even though downside forces are currently lacking, and the price action […]

Cardano (ADA) – Built the foundation for a new bearish wave

Posted on Thursday, December 29 2022 at 8:40 pm GMT+0000

Cardano (ADA) built the foundation for a new bearish wave after the recent dive below the 0.247 support level, which triggered last week’s rebound. The bearishly aligned Ichimoku lines are endorsing the prevailing downward forces while the technical indicators are raising the stakes for additional declines in the coming sessions. Both the Awesome Oscillator and […]

Dogecoin (DOGE) – Short-term negative bearing has been rekindled

Posted on Monday, December 26 2022 at 8:37 pm GMT+0000

Dogecoin’s (DOGE) short-term negative bearing has been rekindled after the 55-period exponential moving average curbed advances, which began from the recorded two-month low of 0.070. The 20-period exponential moving average shifted back south while the negatively charged 55- and 200-period exponential moving averages are dictating the bearish picture. Moreover, the oscillators are suggesting that the […]

Bitcoin (BTC) – Odds are still in bears’ favor despite the lack of impetus during the Christmas weekend

Posted on Sunday, December 25 2022 at 8:02 pm GMT+0000

Bitcoin (BTC) has been consolidating at the lower end of the medium-term downtrend heading into the festive season. Particularly, the crypto-king has been posting a series of tiny candlesticks just below the 20-day simple moving average, lacking a clear direction. Trading volumes have been decreasing persistently since early November then thinned in an exceptional fashion […]

Bitcoin (BTC) – Downside forces are expected to dominate in the short-term

Posted on Thursday, December 22 2022 at 8:43 pm GMT+0000

Bitcoin (BTC) could not escape the 20-day exponential moving average despite the impressive jump on Tuesday. The crypto-king remains under pressure as FTX pain continues, with FTX co-founder Gary Wang and former Alameda Research co-CEO Caroline Ellison both pleading guilty to federal charges in the Southern District of New York on Thursday. However, the market […]

Compound (COMP) – Sellers applying intensive pressures to further deteriorate the medium-term outlook

Posted on Monday, December 19 2022 at 9:07 pm GMT+0000

After almost a month of quiet price action, Compound (COMP) sellers applied intensive pressures last Friday and pressed the price towards the November 9th bottom of 32.43, while aiming to underpin the medium-term bearish structure. The falling 20- and 50-day exponential moving averages are promoting the continuation of the two-month-old bearish pattern, and the oscillators […]

Yearn.finance (YFI) – Sellers looking to underpin the medium-term bearish structure

Posted on Sunday, December 18 2022 at 9:10 pm GMT+0000

Yearn.finance (YFI) flipped backwards after the last recovery fizzled out just near the October 13th bottom, with the price plunging back towards the 5268 four-month low, a breach of which will underpin the current bearish structure. From a technical perspective, the 20- and 55- day exponential moving averages are plummeting along with price action, endorsing […]

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