Blog

Bitcoin (BTC) futures – Snapped the five-week losing sessions

Posted on Monday, December 27 2021 at 10:03 pm GMT+0000

Bitcoin (BTC) futures piloted higher in the past week after a bounce near the 38.2% Fibonacci retracement level of the March-November uptrend and the 50-week simple moving average. It not only snapped the five-week losing sessions but also printed a large bullish reversal candle, similar to the pattern posted late September which led the way […]

Continue Reading

Compound (COMP) – Retaining a strong bullish tone

Posted on Thursday, December 23 2021 at 10:07 pm GMT+0000

Compound (COMP), the algorithmic autonomous interest rate protocol, built for developers, has been sloping downward with a series of lower tops and lower bottoms since the 3rd of November. However, the completion of an inverse head and shoulder pattern reversed this downtrend and opened the way north. Technically, an inverse head and shoulders pattern predicts […]

Continue Reading

Polygon (MATIC) – Looking for new uncharted heights

Posted on Wednesday, December 22 2021 at 9:25 pm GMT+0000

Polygon (MATIC) has been developing in an ascending channel creating higher highs and higher lows. The healthy bullish zig-zag course is hinting for a break above the channel upper line and the all-time high. The MACD is strengthening above its signal line in the positive region, the RSI is ramping up to meet the 70 […]

Continue Reading

Harmony (ONE) – Will likely face additional bullish pressure

Posted on Tuesday, December 21 2021 at 8:37 pm GMT+0000

Harmony (ONE) has powered back from its early December low, further nourishing its well-established bullish zig-zag course. It’s currently actively testing the previous high stubbornly aiming for another upside extension. That is the most likely scenario at the time being as the MACD indicator continues to gain steam above its signal line and well beyond […]

Continue Reading

Bitcoin futures (BTC1) – Long-term technical picture is still looking upbeat

Posted on Monday, December 20 2021 at 9:24 pm GMT+0000

Bitcoin futures (BTC1) kicked off the new week with a bullish gap, but reversed lower in the following hours barely ticking below the past week closing price at 46,250. However, the long-term technical picture is still looking upbeat. Although the world’s top digital currency was losing ground since its rally halted at the new record […]

Continue Reading

Cardano (ADA) – Developing in a descending triangle

Posted on Sunday, December 19 2021 at 10:05 pm GMT+0000

Since its plunge to a new 4-month low of 1.187 on December 4th, Cardano (ADA) has been trading sideways developing a descending triangle on the four-hour chart. The relatively low trading volume revealed over the past couple of weeks is ratifying this neutral phase. Technically, such a pattern usually gets dissolved on the downside, and […]

Continue Reading

Bitcoin (BTC1) – Correction stalled temporarily

Posted on Thursday, December 16 2021 at 9:47 pm GMT+0000

Bitcoin’s (BTC) sharp bearish correction from the November 10th all-time high of 69,350 seems stalled temporarily just above the 61.8% Fibonacci retracement level of the June-November uptrend. Although the sharp descent slid the long-term simple moving averages, it didn’t yet harm the prevailing positive structure of successive higher highs and higher lows, and the persistent […]

Continue Reading

Chainlink (LINK) – Incapable to shake off the bearish tone

Posted on Wednesday, December 15 2021 at 10:22 pm GMT+0000

Chainlink (LINK) is still incapable to shake off the bearish tone which has been grasping the price action, which remains below the Ichimoku cloud since mid-November. The Ichimoku lines are broadcasting a negative bearing regardless of the recent stalling in the Tenkan-sen line. Likewise, momentum oscillators have still not signaled any significant waning in bearish […]

Continue Reading

Terra (LUNA) – Found footage at the 50-day simple moving average

Posted on Tuesday, December 14 2021 at 8:29 pm GMT+0000

Terra (LUNA), the open-source stable coin network, witnessed a sharp drop in the last few days after trying to retest its all-time high. However, the overall outlook for LUNA remains bullish as the price found footage at its 50-period simple moving average in its ascending channel stretched from early August. Meanwhile, momentum indicators are pointing towards a […]

Continue Reading