Although Bitcoin (BTC) climbed to a fresh five-week high on Wednesday, it has been struggling to advance beyond the 55-day exponential moving average and the key 18,000 – 18,400 resistance band. According to the technical picture, the recent cheerful recovery from a two-year low could be coming to an end. First, the crypto-king seems to […]
Continue ReadingCardano (ADA) has dipped back beneath the 20-day simple moving average rekindling the dominant bearish tone, after a failed attempt to overstep the tough resistance barricade molded by the 21st of October low and the 12th of December high. The negatively charged simple moving averages are endorsing the bearish outlook. Moreover, the ROC has slid […]
Continue ReadingBitcoin (BTC) has been drifting sideways slightly above the 20-day simple moving average during the second week of December, producing a series of tiny candlesticks. Although the medium-term outlook remains gloomy for now, technical indicators are feeding optimism for further recovery. The squeezed and flattening Bollinger bands are indicating that price volatility has dried up, […]
Continue ReadingAvalanche (AVAX) sellers are attempting to rekindle the medium-term negative bearing following a minor recovery, in association with the 40-day exponential moving average, which managed lately to neutralize the bullish pressures. The 20- and 40-day exponential moving averages are negatively charged and the oscillators are suggesting that the negative impetus is ready to jump-start. The […]
Continue ReadingBitcoin (BTC) has been struggling to stretch the recent positive legs from a fresh two-year low of 15,400 towards the 23.6% Fibonacci retracement level of the August – November downtrend. The medium-term outlook is still obviously gloomy, despite the recent stall in the negatively-skewed structure. Although the southwards slope of the 20-day simple moving […]
Continue ReadingAfter plummeting to a fresh two-year low at 14,900 in the first week of November, Bitcoin Futures (BTC1!) has been pushing to recover some of the lost ground and managed to jump more than 15% in the following sessions. Sentiment in the crypto arena improved, especially after the Fed Chair suggested the central bank could […]
Continue ReadingBitcoin (BTC) has been lately recouping some of the losses it incurred at the beginning of November, as traders took some comfort from Fed Chair Powell’s talk of a Fed pivot amid easing FTX contagion fears. The crypto-king is currently consolidating the recent rebound from the two-year low of 15,400 just beneath the middle-line if […]
Continue ReadingEthereum (ETH) rebounded from the vicinity of the early November low of 1,073 last week, and has been since edging higher inside an ascending channel. The second-largest cryptocurrency surged above exponential moving averages to confront the 38.2% Fibonacci retracement level of last month’s freefall. The recent positive intersection of the 20- and 55-period exponential moving […]
Continue ReadingDogecoin (DOGE) bulls are pushing efforts to stretch the short-term positive structure beyond Sunday’s high following the recent propulsion from the vicinity of the exponential moving average. Technically, the rising 20- and 55-period exponential moving averages are promoting further bullish price action, while the momentum oscillators are painting a picture where the positive impetus is […]
Continue ReadingGala (GALA) sellers rekindled the short-term negative bearing following a minor recovery, and are currently confronting the last intraday bottom with the aim to underpin the current structure. The 100- and 200-period exponential moving averages are negatively charged and the oscillators are suggesting that the negative impetus has jump-started. The TSI crossed back below its trigger […]
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