Blog

Bitcoin (BTC) – Still appears to be under bearish control despite the recent consolidation

Posted on Sunday, May 29 2022 at 9:30 pm GMT+0000

Bitcoin (BTC) has been edging sideways over the last couple of weeks, after its downward trajectory hit levels unseen since December 2020. The bearish bias that unfolded from early April is still unharmed, even though downside forces are currently lacking. That is being confirmed by the current price action, which is taking place well below […]

Stellar (XLM) – bears resurfaced looking to extend the negative course

Posted on Thursday, May 26 2022 at 9:44 pm GMT+0000

After a brief pause, Stellar’s (XLM) bears resurfaced and are looking to extend the previous two-month negative course, during which the payment network plunged to a fresh 18-month low. The diving 20-and 50-day exponential moving averages are still backing the broad downtrend despite the recent halt in the selloff, while the oscillators are suggesting that […]

Cosmos (ATOM) – Struggling to overcome the descending trendline

Posted on Wednesday, May 25 2022 at 9:25 pm GMT+0000

Cosmos (ATOM) could not find enough buyers to overcome the descending trendline pulled from April 3rd top, with risks remaining tilted to the downside as the steep negative bias is still holding. Sellers are currently expected to dictate the medium-term trading, as the momentum indicator has dipped in the negative area, and the RSI is […]

Avalanche (AVAX) – Exhibiting a sturdy bearish bias

Posted on Tuesday, May 24 2022 at 8:52 pm GMT+0000

Avalanche (AVAX) has been struggling to climb above the Tenkan-sen line in the last couple of sessions, and odds for a continuation of the descent from the April 2nd top of 103.65 are currently very elevated. The negatively charged Ichimoku lines are confirming the prevailing downward forces, something that is also mirrored by the oscillators. The momentum indicator […]

Bitcoin (BTC) – Stabilized around 30,000, but needs to mold additional traction

Posted on Monday, May 23 2022 at 9:19 pm GMT+0000

Bitcoin (BTC) continues to sideline around the 30,000 mark for the second consecutive week, some distance below the mid-Bollinger band, following the bounce off the multi-month low of 25,400. Nevertheless, the momentum indicators are currently suggesting an increase in the buying appetite as the Awesome Oscillator has been on the rise lately, while the stochastic […]

Chainlink (LINK) – Expected to keep attracting selling interest in the near-future

Posted on Thursday, May 19 2022 at 9:14 pm GMT+0000

Chainlink (LINK) saw its last bullish efforts evaporate in the vicinity of the 10-exponential moving average, which managed to prevent any close higher ever since early April. The price painted a sturdy structure of lower highs and lower lows, sponsored by the negatively charged 10- and 40-days exponential moving averages. Moreover, the ADX is rising, while […]

Solana (SOL) – Setting the stage for the next bearish wave

Posted on Wednesday, May 18 2022 at 9:18 pm GMT+0000

Solana’s (SOL) recent recovery from a near 10-month low of 36.20 has hit a snag in the vicinity of the middle-line of the regression channel pulled from the 2nd of April top, and downside forces are picking up again. The stochastic oscillator which reclaimed a negative charge below its equilibrium is backing up the above […]

Litecoin (LTC) – In a recovery mode eying 83.37

Posted on Tuesday, May 17 2022 at 9:23 pm GMT+0000

Litecoin (LTC) has been in recovery mode over the last few days, slowly erasing a part of the slump to a fresh 18-month low of 52.00 hit on Thursday. The oscillators are displaying a picture where the negative momentum is softening, with the ROC stepping over its moving average in the bearish territory and the […]

Bitcoin futures (BTC1!) – Exposed to further bearish developments

Posted on Monday, May 16 2022 at 9:39 pm GMT+0000

Bitcoin futures (BTC1!) came under tremendous selling pressures in the previous couple of months, printing 7 red consecutive weekly candles. The flagship cryptocurrency is now traded 57% lower from its ATH, while during the previous week it fell as low as 25,400, its lowest since December 2020. It kicked off the new week with a […]

Bitcoin (BTC) – Bearish bearing is taking a breather

Posted on Sunday, May 15 2022 at 9:06 pm GMT+0000

Bitcoin (BTC) fell like a stone after cracking the bottom line of the almost five-month-old channel, stretching the broad negative trajectory to levels unseen since late December 2020. However, following the sharp sell-off, the crypto-king painted a bullish Dragonfly Doji candle on the daily chart last Thursday and stabilized somehow over the weekend. Such a […]

Our Clients