Avalanche’s (AVAX) bears returned with vengeance in the vicinity of the 2/1 Gann fan angle and squeezed the price below the exponential moving averages and decisively snapped the mid-October bottom underpinning the medium-term negative structure. The momentum indicators point to more declines ahead as the MACD has slid below its signal line and nudged into […]
Continue ReadingIn an attempt to rekindle the short-term uptrend, Chainlink (LINK) weighed decisively on the lower line of the regression channel pulled from the 10th of October low and instantly surpassed the 20- and 55-period exponential moving averages. As regards the market trend, the positively aligned 20- and 55-period exponential moving averages are endorsing the upward […]
Continue ReadingBitcoin’s (BTC) price has shown applaudable strength during the first week of November. The crypto-king surged more than 4% on Friday following the U.S. NFP data and posted its first daily close outside the Ichimoku cloud since mid-April. In addition to the jump over the cloud which is seen as an encouraging sign, the indicator’s […]
Continue ReadingAlgorand (ALGO) bulls are pushing efforts to underpin the short-term bullish structure, following the recent propulsion off the 50-period simple moving average. Technically, the rising 20- and 50-period simple moving averages are promoting further bullish price action, something being also backed by the short-term oscillators which are conveying a stagnant increase in the positive impetus. […]
Continue ReadingAfter a brief recovery, Flux (FLUX) bears are making a comeback and seem insisting on extending the medium-term negative course. The falling 20- and 50-day simple moving averages are still backing the broad downtrend, while the oscillators are suggesting that negative momentum has jump-started. Specifically, the RSI has turned lower below its 50-neutral mark, and […]
Continue ReadingFollowing an impressive 28% rally over the last couple of weeks, Binance Coin (BNB) hit a snag and appears to be fading somewhat from the vicinity of the 337.00 barrier, which has proven a tough upside deterrent in the last months. Nevertheless, from a technical perspective, the bullish appetite could persist in the forthcoming sessions, […]
Continue ReadingPolkadot (DOT) bounced aggressively after charting a fresh multi-year low a couple of weeks ago, and managed to erase all October losses. The bulls are currently challenging the 27th of September top near 6.81 in an attempt to oppose the summer decline. Technical indicators suggest an increase in the potency of positive forces as the […]
Continue ReadingEthereum (ETH) skyrocketed more than 17% after breaching the ceiling of the one-month-old tight sideways range, before pausing the immense rally near a familiar resistance zone around 1,600. The oscillators are suggesting that the bulls have claimed full control of the reins as the Awesome Oscillator is accelerating north of its zero mark and the […]
Continue ReadingAfter plunging to a fresh four-month low a few days ago, Dash (DASH) rebounded aggressively and sliced through the descending regression channel stretched from the August 9th peak, aiming to confirm a bear trap formation on the daily chart. The recent bullish tone is also reflected by the Ichimoku lines which are ready to perform […]
Continue ReadingPolkadot (DOT) has been creeping lower over the last few days, after failing to stretch the last bounce from a 22-month low of 5.65, beyond the 20-day simple moving average. Technically, the negatively charged moving averages are sponsoring the medium-term bearish structure of lower tops and lower bottoms, and the oscillators are suggesting that the […]
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