Bitcoin (BTC) – Expected to extend its bearish cycle in the medium-term

Posted on Sunday, June 12 2022 at 9:59 pm GMT+0000

Bitcoin (BTC) bears flexed their guns, cracking the base of the one-month old consolidation pattern at 28,000, rekindling the medium-term bearish structure, below the Ichimoku red cloud. The crypto-king is distancing itself below the Ichimoku directional lines, which recently reclaimed a negative charge, confirming that bearish forces have been jump started. Moreover, the oscillators are […]

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Litecoin (LTC) – Exhibiting a strong negative tendency inside the descending regression channel

Posted on Thursday, June 9 2022 at 9:19 pm GMT+0000

Litecoin (LTC) has been gradually losing ground inside the falling regression channel stretched from the March 30th peak, as the bounce off the 18-month low posted on May 12th faltered in the vicinity of the 75.00 mark. The persistent negative bearing of the 20- and 55-day exponential moving averages is feeding a dampening picture for […]

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Stellar (XLM) – Struggling to gain more positive ground

Posted on Wednesday, June 8 2022 at 8:57 pm GMT+0000

Stellar (XLM) has been edging sideways over the last couple of days, slightly beneath the Ichimoku cloud, after it successfully broke above the descending regression channel stretched from the March 31st top. Currently, although the Ichimoku lines are positively intersected they are not indicating a definitive directional charge. Nevertheless, the oscillators are suggesting that the […]

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Ethereum (ETH) – hovering near the lower bar of a descending triangle

Posted on Tuesday, June 7 2022 at 9:11 pm GMT+0000

Ethereum (ETH) has been gradually declining over the last few weeks, developing in a descending triangle since the drop to a fresh 1-year low on May 12. The descending triangle is a bearish pattern that is characterized by a descending upper trendline and a flat lower trendline that acts as support. This pattern indicates that […]

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Solana (SOL) – In a bearish situation inside the descending channel

Posted on Monday, June 6 2022 at 8:52 pm GMT+0000

Solana (SOL) has been forced to move backward thanks to resistance from the upper-line of the descending regression channel pulled from the 13 of May intraday peak. The short-term oscillators shifted south suggesting that sellers may retake the reins. The RSI is losing ground in the positive region and approaching the 50-neutral threshold, while the […]

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Bitcoin (BTC) – Exposed to renewed bearish pressures while tiptoeing near the channel upper-line

Posted on Sunday, June 5 2022 at 9:34 pm GMT+0000

Bitcoin (BTC) returned to a consolidation mode near 30,000 after last Monday’s bullish breakout pushed the price out of the two-week-old tight range and above the descending regression channel stretched from the late May peak. The crypto-king failed to capitalize on those bullish developments and swiftly slipped back towards the upper line of the channel, […]

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Bitcoin (BTC) – Slipped back towards 30,000 unable to capitalize on the early week gains

Posted on Thursday, June 2 2022 at 9:08 pm GMT+0000

The flagship cryptocurrency, Bitcoin (BTC), ended Wednesday on a fragile note, as it failed to capitalize on the gains it locked earlier in the week. However, the 20-day simple moving average managed to buffer the negative pressures, lifting the price back above the 30,000 mark. Meanwhile, momentum oscillators started reflecting some indecisiveness among traders following […]

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Avalanche (AVAX) – Sellers aiming to power the short-term bearish outlook

Posted on Wednesday, June 1 2022 at 9:20 pm GMT+0000

Avalanche’s (AVAX) negative bearing has been rekindled after the last positive thrust from the fresh 9-month low of 21.30 faltered in the vicinity of the 30.00 mark. The negative alignment of the exponential moving averages suggests that the intensity of the downward trend is intact. The short-term oscillators are currently displaying discouraging signals, suggesting further […]

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Uniswap (UNI) – Bulls aiming to stretch the rebound after snapping the descending trendline

Posted on Tuesday, May 31 2022 at 9:58 pm GMT+0000

Uniswap’s (UNI) bulls snapped the descending trendline stretched from the March 31st peak, after the impressive rebound on Monday, that sent the price marginally beneath the last week’s high. After a long period of declines, the 10-day exponential moving average is now ticking higher, conveying the rising bullish pressures. Additionally, the oscillators are reflecting the […]

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Monero (XMR) – Looking to upgrade the short-term bullish structure

Posted on Monday, May 30 2022 at 8:30 pm GMT+0000

Monero (XMR) has been on the rise since the 12th of May where the selloff unfolded in the second half of April faltered at a fresh 15-month low of 118. Following a brief retracement lower, the positive impetus re-emerged shooting the price higher towards the previous intraday top. Moreover, the fresh bullish cross between the […]

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