Bitcoin (BTC) took a minor step back following the recent bounce from a fresh two-year low of 15,400 and has been trading in a quiet fashion over the U.S. Thanksgiving Holidays amid a remarkable decrease in trading volume. As regards the technical outlook, it is still looking gloomy, and despite the recent price stabilization, the crypto-king […]
Continue ReadingBitcoin Cash (BCH) price has produced an applaudable retaliation against the early November mudslide and shot higher to confront the Ichimoku cloud and the upper bar of the regression channel stretched from the July 29th top. The Tenkan-sen line bounced aggressively and crossed above the flat Kijun-sen line indicating that the bulls are attempting to […]
Continue ReadingEthereum Classic (ETC) staged an impressive rebound in the last few sessions and erased the previous week’s losses to confront the Ichimoku cloud and the neighboring 38.2% Fibonacci resistance fan stretched from the November 6th peak. There is some speculation for additional bullish sessions in the short-term given the positive intersection of the Ichimoku lines. […]
Continue ReadingEthereum (ETH) sellers were confronting a familiar support zone that halted the sell-off on November 9th, and the medium-term technical picture remains obviously discouraging. The bearishly aligned Ichimoku lines are indicating that downward forces currently sit on the driver’s seat. Additionally, the oscillators are hinting at further price depreciation, as the TSI is falling without […]
Continue ReadingChainlink (LINK) has been losing ground since the FTX disaster, painting a clear series of lower highs and lower lows. Now, the bears are challenging the last intraday bottom aiming to underpin the current bearish structure, promoted by the persistent negative bearing of the 20- and 40-period exponential moving averages. The momentum indicators are also […]
Continue ReadingBitcoin (BTC) has shifted to the sidelines following the tremendous drop of 37% triggered by the collapse of FTX earlier this month. The crypto-king has been tiptoeing marginally above the lower-Keltner channel, painting a series of tiny candlesticks, while the downwards slope of the channels is sponsoring the prevailing downtrend. Moreover, the oscillators are suggesting […]
Continue ReadingVeChain (VET) bulls saw their latest efforts falling apart in the vicinity of the 50-period exponential moving average, and the supply chain management blockchain printed another lower high on the four-hour chart. The falling 50- and 100-period exponential moving averages are defending the dictating bearish structure, while the oscillators are suggesting steeper price decreases. Both […]
Continue ReadingSince the 5th of November, Cosmos (ATOM) has been falling without a parachute, losing around 40% of its value. Following a minor recovery last Friday, bears re-emerged near the 20-period simple moving average to contest the most recent intraday support, while aiming to stretch the current descent. The technical indicators are presently favoring such a […]
Continue ReadingBitcoin (BTC) price shows a clear lack of buying pressure, as the end of week quick recovery faltered inside the 17,600 – 18,100 tough resistance band. The crypto-king remains vulnerable to resuming the slide as reflected in the dictating 50- and 100-day simple moving averages, which are defending the medium-term negative structure. In other trend […]
Continue ReadingBitcoin (BTC) staged an impressive rebound on Thursday following the U.S. lighter-than-expected inflation report, jumping more than 10% back towards the lower-Bollinger band located just beneath the 17,600 – 18,200 key resistance area. However, the move did not affect the medium-term strong negative bearing. This assumption is reinforced by the oscillators which are suggesting that […]
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