Curve Dao (CRV) – Testing 161.8% Fibonacci extension

Posted on Thursday, May 12 2022 at 9:02 pm GMT+0000

Curve Dao (CRV) has been forced to reverse lower following a brief recovery earlier this month, pressed by the descending trendline drawn from the 8th of February top, and lately broken the crucial support level of 1.85 and kissed the 161.8% Fibonacci level of the mid-March up-leg. Technical indicators are endorsing the bearish outlook as […]

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Polkadot (DOT) – Testing key support to stretch the current bearish trajectory

Posted on Wednesday, May 11 2022 at 9:02 pm GMT+0000

Polkadot (DOT) fell without a parachute over the last month stretching its bearish structure to levels not seen since January 2021 amid a vast panic sell-off in the crypto arena. Even though the price reached the 161.8% Fibonacci extension level of the March bullish leg, the descent is showing limited signs of slowing down. Reinforcing […]

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Ripple (XRP) – Sell-off still has room to run

Posted on Tuesday, May 10 2022 at 9:47 pm GMT+0000

Payment network Ripple (XRP) fell aggressively over the past 40 days, reaching levels last seen in March 2021, extending the structure of lower highs and lower lows initiated from the November peak. The strong negative charge exhibited by the Ichimoku directional lines is reflecting the bearish forces’ dominance. The oscillators however are transmitting mixed messages […]

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Bitcoin Futures (BTC1) – Long-term technical picture at risk of a major downgrade

Posted on Monday, May 9 2022 at 9:08 pm GMT+0000

Following the disappointing April, Bitcoin Futures (BTC1) started May on the wrong foot, extending the consecutive weekly losing sessions to six, deteriorating the broad outlook. Adding to the overwhelming negative pressures, this week’s downside gap of 4.10% – the largest since last November – sent the crypto-king below the critical 33,000 bottom, skyrocketing the last […]

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Bitcoin (BTC) – Setting the stage for the next bearish round

Posted on Sunday, May 8 2022 at 9:43 pm GMT+0000

Bitcoin (BTC) suffered heavy losses after a minor short-lived recovery on May 5 motivated by Powell’s not-so-hawkish stance following the last FOMC meeting and plunged to a fresh more than four-month low around 33,700 earlier on Sunday. The recent drop below 37,100 critically dampened the technical picture and drove the price deep below all the […]

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Civic (CVC) – Expected to keep attracting selling interest

Posted on Thursday, May 5 2022 at 8:12 pm GMT+0000

Civic’s (CVC) recent recovery attempt fell apart around the tough lower-line of the regression channel stretched from the January 24th low, and the price reversed harshly towards the key 0.243 support barrier. The falling 100- and 200-day exponential moving averages are sponsoring the bearish outlook while signals from the oscillators are still clearly discouraging. The […]

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Bitcoin (BTC) – Has scope for a meaningful recovery

Posted on Wednesday, May 4 2022 at 9:53 pm GMT+0000

Bitcoin’s (BTC) volatility dropped critically as reflected by the ATR indicator, which has been aggressively declining since last December. Additionally, during the first quarter of this year, the crypto leader’s volatility clocked in at 3.45%, remarkably lower than the levels reached in the same quarter of 2020 and 2021 where it reached 4.40% and 4.68% […]

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Tezos (XTZ) – Sellers looking towards the 2.10 key barrier

Posted on Tuesday, May 3 2022 at 9:01 pm GMT+0000

The previous month’s sharp downfall sent Tezos’s (XTZ) price to a fresh 10-month low at 2.40, and the technical picture currently supports more weakness. The negatively charged Ichimoku lines are demonstrating that the bearish forces are dominating the stage. Moreover, the oscillators are skewed to the downside, suggesting extra bearish developments. The KST is diving […]

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Cardano (ADA) – Exhibiting a sturdy bearish bias below the exponential moving averages

Posted on Sunday, May 1 2022 at 9:08 pm GMT+0000

Cardano (ADA) has taken notable heavy damage during April and stretched the medium-term downtrend initiated from September’s peak to levels last seen in February 2021. Moreover, the persistent negative bearing in the 55- and 100-day exponential moving averages is nurturing the prevailing bearish structure. However, the price lately steadied around the February 24th bottom at […]

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