Bitcoin (BTC) – Attempting to mold a foothold just above the critical 37,600 – 37,100 support area

Posted on Thursday, April 28 2022 at 9:25 pm GMT+0000

Bitcoin (BTC) started the day with a strong positive note on Thursday, stretching the previous session’s minor recovery, and looks like attempting to mold a fresh foothold just above the critical 37,600 – 37,100 support area. However, the crypto-king is holding just below the Tenkan-sen line which is still sloping southwards well underneath the Kijun-sen […]

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Kadena (KDA) – Expected to significantly intensify the negative bearing

Posted on Wednesday, April 27 2022 at 9:17 pm GMT+0000

Kadena (KDA) was forced to move back after marking a slight recovery a couple of days ago, thanks to resistance from the 55-period exponential moving average which has been curbing upside movements almost since the beginning of April. Moreover, the persistent negative bearing of the 20- and 55-period exponential moving averages is sponsoring the current […]

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Stellar (XLM) – Expected to surrender extra ground

Posted on Tuesday, April 26 2022 at 8:46 pm GMT+0000

Stellar (XLM) built the foundation for a new bearish wave after the recent dive below the 0.186 support level which managed to mute negative pressures earlier this month. The falling Tenkan-sen line acted as a tough resistance line in Tuesday’s session and pressed the price harshly lower. Moreover, it is still diving well below the […]

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Bitcoin Futures (BTC1) – Extending April’s losing streak to almost 20%

Posted on Monday, April 25 2022 at 9:21 pm GMT+0000

Bitcoin Futures (BTC1) started the week in the red after falling notably for three consecutive sessions reducing their distance with the January low at 33,000. The crypto-king is extending April’s losing streak to almost 20%, and Monday’s price movements that forced the liquidation of $87.00 million in positions are reflecting the gloomy mood in the […]

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Bitcoin (BTC) – Tiptoeing alongside the lower line of the regression channel

Posted on Sunday, April 24 2022 at 9:09 pm GMT+0000

Bitcoin (BTC) is tiptoeing alongside the lower line of the regression channel pulled from January lows after multiple failed attempts last week to recover beyond the 50-day simple moving average. The aforementioned line managed previously this month to halt the sell-off triggered by the 200-day simple moving average and seems stubbornly trying to prevent a […]

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Ethereum (ETH) – Switched to a recovery operation; a move above the 3,230 would bolster positive tendencies

Posted on Thursday, April 21 2022 at 9:24 pm GMT+0000

Ethereum (ETH) switched to a recovery operation on Monday after halting its down-leg at a one-month low of 2,880 and near the upper surface of the Ichimoku cloud. The second-largest cryptocurrency gained further traction in the following session and sliced through the Tenkan-sen line. Currently, momentum oscillators are favoring further price advances. The ROC is […]

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Terra (LUNA) – Repainted a higher low keeping its bullish outlook intact

Posted on Wednesday, April 20 2022 at 9:26 pm GMT+0000

Terra (LUNA) staged a spectacular upturn this week, bouncing more than 25% from the vicinity of the lower surface of the Ichimoku cloud, to swiftly shatter it from the upside slicing through the Tenkan-sen line. However, it seems like the bulls are taking a breather after hitting the Kijun-sen line. The oscillators are feeding prospects […]

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Bitcoin (BTC) – Will likely keep attracting buying interest in the coming sessions

Posted on Tuesday, April 19 2022 at 8:42 pm GMT+0000

Bitcoin (BTC) stepped decisively on the lower-line of the regression channel pulled from the January 24th low around 38,600 and seems heading to paint its second large green daily candle following the last three weeks’ sharp descent. The recent convergence in the Bollinger bands is mirroring the slight ease in the harsh volatility that cost […]

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Bitcoin Futures (BTC1) – Looking to be at a disadvantageous position in the long-term picture

Posted on Monday, April 18 2022 at 9:37 pm GMT+0000

Bitcoin Futures (BTC1) opened with a positive gap slightly above the 40,000 level on Monday leading to more than $70.95 million positions being liquidated, but gains proved short-lived, with the price barely inching back below that key number. Overall, the technical picture does not look very encouraging at the current time. Something that is also […]

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Aave (AAVE) – Witnessed re-emerging selling activities

Posted on Thursday, April 14 2022 at 9:21 pm GMT+0000

Decentralized finance protocol Aave (AAVE) failed to capitalize on the previous two positive sessions and pushed back lower amid re-emerging selling activities, to remain locked in a sensitive range between the Ichimoku cloud and directional lines. The negatively charged Ichimoku lines are confirming the prevailing downward forces, while the oscillators are suggesting that the next move […]

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