Cardano (ADA) has been trending downwards since early September, failing to post any notable correction throughout this whole period. The negatively intersected simple moving averages are nurturing the bearish structure. Furthermore, the oscillators are skewed to the downside, prompting further negative price action. The momentum oscillator is diving in the negative waters and the IMI […]
Continue ReadingCELER (CELR), the layer-2 scaling platform that brings fast, secure and low-cost blockchain applications on Ethereum, Polkadot and more, has closed below its downward channel extended from its all-time high and is currently retesting the return line as resistance. The divergence between the 20 and 55-exponential moving average is endorsing this negative movement and […]
Continue ReadingMANA punched through the bearish resistance line capping the highs of the recent bearish correction and switched to a consolidation mode preparing for its next directional move. Although the exponential moving averages are still negatively aligned, the price is testing the broken trendline which is providing adequate support. Also, the short-term oscillators which are transmitting […]
Continue ReadingEthereum (ETH) bounced off the 100-day exponential moving average (EMA) and is currently challenging its 20-period EMA, which together with the token’s successive higher highs and higher lows reflect an overall bullish outlook. Oscillators are also suggesting that the positive momentum is picking up. The MACD is slightly in the negative region but is flattening […]
Continue ReadingSolana (SOL) is extending its descent beneath the bullish trendline stretched from August and looking to close below the Ichimoku cloud for the first time since July. Adding to the gloomy picture is the appearance of the red kumo. Furthermore, the five Ichimoku plots are revealing bearish signals since the tenkan-sen and kijun-sen lines are […]
Continue ReadingBitcoin (BTC) has plunged 12% overnight on Saturday and 23% in total last week before it landed on the 55-week exponential moving average, just below the 61.8% Fibonacci level of the 28900-69000 bullish wave. Since then, it has recovered over half of the losses and is currently testing the 50000 level. Despite the remarkable bounce […]
Continue ReadingPolygon token (MATIC) has regained its buoyancy with a bounce near the 20-day exponential moving average, and recently managed to overstepped the November 23rd high, and the 23.6% Fibonacci retracement level of the 0.64-2.2 uptrend. The advancing exponential moving averages and oscillators are confirming that positive forces are bolstering. The MACD is positively charged above […]
Continue ReadingBinance coin (BNB) stepped on the ascending trendline stretched from September lows and reversed a large part of the latest pullback from the 696.1 high, nourishing its well-established bullish zigzag course which has been safeguarded by the persistent positive bearing of the 55- and 100-day exponential moving averages. As regards the price momentum, the RSI […]
Continue ReadingChainlink (LINK) breached the ascending trendline stretched from July lows before hitting a snag around the 61.8% Fibonacci retracement level of the 13.38-38.2 uptrend. This month’s aggressive sell-off dampened the medium-term structure and the recent bearish crossover between the 20- and 50-days exponential moving averages is suggesting that sellers didn’t give yet the upper hand […]
Continue ReadingAfter forming a strong foothold off the Ichimoku cloud’s lower surface, Bitcoin (BTC) powered back higher and managed to overstep the Tenkan-sen line, recouping almost all the losses posted last week. And although the Tenkan and Kijun-sen lines are still negatively aligned, both became flat lately signaling weakening negative forces. While the RSI and IMI […]
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