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Gala (GALA) – Expected to extend its bearish cycle in the near future

Posted on Tuesday, October 11 2022 at 8:29 pm GMT+0000

Gala (GALA) started the second week of October on the wrong foot, particularly with a strong dip from the tough resistance area linking the 20-day exponential moving average, the upper line of the regression channel stretched from the August 15th peak, and the mid-July bottom. Technically, the sinking 20- and 55-day exponential moving averages are […]

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Bitcoin (BTC) – Caught in a tight sideways range near the summer bottom

Posted on Sunday, October 9 2022 at 8:18 pm GMT+0000

Bitcoin (BTC) has fallen sharply on Friday after multiple failed attempts to decisively enter the 20,000 zone last week, and is currently weighing on the 20-day simple moving average. However, the crypto-king has been caught in a tight sideways range following the mid-September drop to a fresh three-month low of around 18,000. Market volatility has […]

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Cardano (ADA) – Setting the stage for a fresh bearish wave

Posted on Thursday, October 6 2022 at 8:58 pm GMT+0000

Cardano (ADA) is still struggling to overrun the 55-period exponential moving average, which has been curbing recovery attempts since the last week of September. The technical signals remain obviously discouraging, and the last rebound could not harm the short-term structure of lower tops and lower bottoms. The 20- and 55-period exponential moving averages are still […]

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Polkadot (DOT) – Expected to remain under bearish control

Posted on Wednesday, October 5 2022 at 8:31 pm GMT+0000

Polkadot (DOT) is struggling to stretch the recent bounce past the 20-day exponential moving average and continues to trade heavily inside the falling regression channel stretched from the August 11th peak. The negatively charged 20- and 55-day exponential moving averages are safeguarding the current 2-month-old negative structure while the oscillators are flagging bearish signals. The […]

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Uniswap (UNI) – Exhibiting a bullish appetite for the coming sessions

Posted on Tuesday, October 4 2022 at 8:52 pm GMT+0000

Uniswap (UNI) stepped on the ascending trendline stretched from the September 21st bottom and shot aggressively higher over the last couple of sessions, to introduce a fresh bullish upgrade to the short-term outlook. The positively charged Ichimoku lines are indicating that bullish forces are strengthening, while the oscillators are reflecting that positive impetus is ramping […]

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Bitcoin Futures (BTC1!) – Near fresh lows; vulnerable to more downside

Posted on Monday, October 3 2022 at 8:56 pm GMT+0000

Bitcoin Futures (BTC1!) saw a slight ease in negative pressures during the last week of September, but the price continues to trade heavy inside the falling regression channel stretched from the November ATH, within a breathing distance of the fresh two-year low of around 18,000 posted a couple of weeks ago. However, after painting its […]

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Enjin Coin (ENJ) – Bears aiming to stretch the short-term negative trend

Posted on Sunday, October 2 2022 at 8:18 pm GMT+0000

Enjin Coin (ENJ) has been trending downwards since mid-September, generating a keen structure of lower tops and lower bottoms, and is currently testing the 0.442 support aiming to stretch the negative trajectory. Moreover, the 20- and 40- period exponential moving averages are plummeting along the price action, endorsing the bearish outlook. The momentum indicators are […]

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Binance Coin (BNB) – Maintaining a neutral to bullish tone within a 6-week-old descending triangle

Posted on Thursday, September 29 2022 at 8:13 pm GMT+0000

Binance Coin (BNB) has been developing within a descending triangle after its impressive June – August rally – which took the price 83% higher – fizzled out in the vicinity of the May 25th peak of 337.00. Technically, although the recent bounce from the lower bar of the triangle overstepped the Ichimoku directional lines, it […]

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