After plunging to a fresh four-month low a few days ago, Dash (DASH) rebounded aggressively and sliced through the descending regression channel stretched from the August 9th peak, aiming to confirm a bear trap formation on the daily chart. The recent bullish tone is also reflected by the Ichimoku lines which are ready to perform […]
Continue ReadingPolkadot (DOT) has been creeping lower over the last few days, after failing to stretch the last bounce from a 22-month low of 5.65, beyond the 20-day simple moving average. Technically, the negatively charged moving averages are sponsoring the medium-term bearish structure of lower tops and lower bottoms, and the oscillators are suggesting that the […]
Continue ReadingWeekly Wrap-Up 📈 Wall Street closed sharply higher and benchmark Treasury yields hit pause on Friday following signals that the Federal Reserve might consider less aggressive inflation-curbing tactics after November. Stocks rallied after U.S. Treasury Secretary Janet Yellen said inflation is not becoming embedded in the economy, and San Francisco Federal Reserve President Mary Daly […]
Continue ReadingBitcoin (BTC) continues to drift sideways with weak momentum, painting a series of tiny neutral candlesticks just below the 20-day exponential moving average and the 20,000 barrier. Glancing at the oscillators, they are indicating that the directional impetus vanished. The MACD is following a horizontal path beneath the zero mark. Moreover, the ROC and the […]
Continue ReadingCrypto.com (CRO) was forced to move back following the recent recovery thanks to resistance from the upper-line of the regression channel stretched from the August 3rd peak and the adjacent 40-day simple moving average. The bearishly charged 40- and 100-day simple moving averages are safeguarding the medium-term negative structure and the oscillators are hinting at […]
Continue ReadingRipple (XRP) has been losing ground over the last couple of days after failing to reach the 4-month high of 0.558 posted on September 23rd and eventually destroyed the sequence of higher tops on the daily chart. The recent setback has sent the price below the Ichimoku lines, which are now on the verge of […]
Continue ReadingChainlink (LINK) painted a higher low and shot aggressively higher during the weekend to erase all of last Friday’s losses. The move confirmed a bullish trend reversal pattern on the four-hour chart. The expansion of the Bollinger bands is showing that volatility has been restored, while the momentum oscillators are suggesting an increase in the […]
Continue ReadingBitcoin (BTC) continues to tiptoe across the 19,000 zone, after failing to step into the $20,000 area following an impressive 10% short squeeze bull run. The short squeeze was catalyzed last Thursday, after the crypto-king fell 10% in less than 4 hours upon releasing the U.S. September CPI data that came in higher than expected. […]
Continue ReadingBitcoin (BTC) almost touched September’s three-month low of 18,100 after the release of the U.S. CPI data, before bouncing higher to erase all of its losses for the session in the following few hours. However, the medium-term technical picture remains gloomy as the crypto-king keeps hovering below the descending trendline stretched from the August 15th […]
Continue ReadingIn today’s report, we follow a slightly different approach when analyzing the medium-term technical outlook for Bitcoin (BTC), as we investigate its price volatility in depth. The crypto-king has been relatively stagnant in the past few weeks, hovering in a tight range of 18,100 – 20,500, but still holding beneath the descending trendline stretched from […]
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