Binance Coin surged to $148, following which, it registered a pullback to $120. In fact, it was in a phase of consolidation above the 23.6% retracement level at $121, as was Maker. In the short-term, both coins can be expected to trade sideways. Finally, NEM was moving with bullish strength towards its level of resistance...Read More
LINK seemed to be targeting a move above its $24.29-resistance, but weak momentum meant that the market’s bulls could struggle to lift the price on the charts. Healthy buying activity and an uptick in trading volumes backed STEEM for a rise above its $0.19-resistance. Finally, MKR’s bearish cycle could spill over to the next few...Read More
Bitcoin Cash was trading within a descending channel as the market’s bears slowly forced the prices lower. STEEM saw a surge of about 34%, but retraced most of it within a matter of minutes, while Maker was in a phase of consolidation. Bitcoin Cash [BCH] Source: BCH/USDT on TradingView Bitcoin Cash was trading within a...Read More
Polkadot moved below its $16.05-support level, with its indicators highlighting more bearishness for the price over the coming trading sessions. Other altcoins such as Ethereum Classic and Maker moved within fixed channels on their charts and awaited further cues from market leaders BTC and ETH. Polkadot [DOT] Source: DOT/USD, TradingView The world’s fourth-largest cryptocurrency, Polkadot...Read More
Stellar Lumens registered significant losses recently. However, since a lot of the asset wasn’t sold on the market, XLM could see some upside in the next day or two. STEEM also showed signs that it was poised for a bounce while Maker slipped under a triangle pattern and could move towards $1000 on the price...Read More
EOS eyed a breakout from its press time channel to touch the $2.91-resistance level. BAT formed an ascending triangle on the chart and a northbound breakout can be seen over the coming days. Finally, MKR moved within a fixed channel and although the price was bullish, a move above its press time resistance level was...Read More
Bitcoin SV showed weakly bearish momentum over the past few days, but that might be set to reverse shortly. Maker was in a phase of consolidation, and Dash showed some weak bearish pressure that could gradually push the price toward $116. Bitcoin SV [BSV] Source: BSV/USDT on TradingView Bitcoin SV’s charts resembled Bitcoin’s own price...Read More
TRX moved within a fixed channel as momentum rested with neither the market’s bulls nor the bears. Augur looked to claw back to the $21.6-mark, but a boost from market leaders BTC and ETH might be required to make the ascension possible on the charts. Finally, MKR looked to break above $1,563 and targeted a...Read More
Stellar Lumens formed a double bottom on the charts and reversed the downtrend it had previously been on as it looked to flip the $0.145-level to support. Algorand and Maker also had a bullish outlook as they broke above crucial levels of resistance. Stellar Lumens [XLM] Source: XLM/USD on TradingView The downtrend for XLM since...Read More
Despite Bitcoin’s rising market dominance, further gains for ETH against the US Dollar meant that many altcoins posted gains as well. Binance Coin appeared set to rise past its local high at $35.69, while Maker had strong bullish momentum behind it as it flipped a level of resistance to support. Finally, Neo registered weak bearish...Read More
The last few days saw the altcoin market shed a lot of value, with some coins losing double-digit percentage points over the past week. Monero did not see significant selling volume over the same time period, something that hinted at its strength in the market. Waves was rocked by the latest bout of Bitcoin volatility,...Read More
The Crypto Fear and Greed Index showed extreme greed with a reading of 93 for the day and has stayed above 80 since early November. MicroStrategy purchased another $50 million worth of BTC averaged to $19,474 per coin, while Grayscale added another $140 million to its Bitcoin holdings in the past 24 hours. Tron had...Read More
Ethereum appeared to form a strong region of demand around the $500-zone, a bullish development for the crypto’s long-term outlook. In fact, ETH has been climbing steadily over the past few days, something that could be bullish for a part of the altcoin market. And yet, taken individually, some of these coins had a short-term...Read More
Altcoin markets continued to look strongly bullish in the short-term after the malaise that had set in over the past couple of months passed. While Ethereum Classic surged to the upside of a range it had been stuck within, Maker flipped a level of resistance to support over the past few hours. Finally, EOS continued...Read More
Bitcoin’s dominance was noted to be around 65.27% at press time, after a drop from 65.99%. A rise in the said metric, alongside an appreciating Bitcoin, is generally an indication of losses in the altcoin market. Both Bitcoin SV and Ontology looked to be heading south on the charts. BSV was unable to breach a...Read More
Alongside Bitcoin, many other crypto-assets noted a correction to their recent surges. Bitcoin SV dropped to its level of support while Maker traded within a range over the past week. Finally, Augur attempted to initiate an uptrend after experiencing a period of accumulation throughout the month of October. Bitcoin SV [BSV] Source: BSV/USDT on TradingView...Read More
The Crypto Fear and Greed Index actually showed a rise from 71 to 74 on the previous day as the US Presidential Election continued to progress with a winner not yet officially announced. Markets hate uncertainty, yet the bullish sentiment appeared stronger. On the charts, Chainlink continued to trend lower as it nestled above a...Read More
Bitcoin surged to $13,950 at the time of writing. There was no overhead resistance for Bitcoin past $14k, till ATH near $20k. While this euphoric development, there is a possibility that BTC experiences a correction in the coming days. Source: CoinStats Ethereum Classic was trending lower in the short-term but still exhibited good interest from...Read More
Registering poor daily returns, both Ontology and Maker’s valuation were down by almost 3% since yesterday. This happened despite, Bitcoin recording appreciable gains on its daily charts. Given a strong price correlation with Bitcoin Cash (BCH), Bitcoin’s price rise indeed helped in warding off a strong selling pressure for BCH. The digital asset was poised...Read More
Bearishness after a shift from the upward rallies of last week was the highlight of the trading charts at press time. Bitcoin SV and Maker after facing rejection at important resistance levels, managed to display a recovery, but strong selling pressures persisted for the two alts. The bear market for DASH, however, they might still...Read More
Tezos was trading within a tight price range as the market’s bulls valiantly defended a critical region of support. Ontology’s movement exhibited the potential to break out upwards while Maker was on an uptrend. Tezos [XTZ] Source: XTZ/USD on TradingView Highlighted on the attached chart is the demand zone. The cryptocurrency’s price dipped briefly beneath...Read More
As the crypto market displayed strong buying sentiment, the bullish trend added to the valuations of most altcoins for a third consecutive day. Maker gained almost 3.5 % in its valuation since yesterday, signaling bullishness in the short-term period. XRP too sided with the bulls noting some gains on its trading charts. While for Ontology the...Read More
Zcash and Maker although still not bullish enough, were definitely displaying signs of short-term positive price reversals, as the selling pressures for the two digital assets continued to weaken. Bitcoin SV however, seen making a bearish breakout below its trendline, could witness a few more bearish sessions, as the bulls were yet to solidify a...Read More
The overall bullishness in the crypto-market seemed to be cooling off, at the time of writing, with the market’s movements mirroring Bitcoin’s bearish trading setups over the previous week. That’s not all, however, as quite a few of the market’s altcoins were picking up on Bitcoin’s bearishness, with the likes of EOS, Ontology, and Maker...Read More
Monero and Maker could be set for a minor pullback on the charts, before resuming their previous uptrend. Cosmos might break to the upside and post healthy gains, although a few more trading sessions would make Cosmos’ scenario clearer. Monero [XMR] source: XMR/USD on TradingView XMR was forming higher highs, while the momentum indicator (RSI)...Read More
Bitcoin SV appeared to undergo a trend reversal, at press time, as its bullish price momentum pushed the cryptocurrency’s price above its immediate support and pivot levels. On the contrary, with a persistent downtrend, a bearish outlook was evident for Synthetix after it lost control of two resistance levels. Maker was at the end of...Read More
The S&P 500 Index dropped from 3420 to 3343, a 2.3% drop, in a matter of hours after tweets from the US President about the stimulus package negotiations’ setback. Despite arguments about an uncorrelated market, the crypto sphere still suffered losses across the board. XRP might retain some bullish momentum technically, although bearish sentiment might...Read More
As we enter the fourth quarter, Bitcoin after its price dump seems to be consolidating around the $10,700 level. With this, Ethereum too seemed to gain some momentum, as it pushed higher towards its resistance level. However, both BitTorrent and Maker seemed to make a descending triangle formation, hinting toward a bearish scenario in the...Read More
Bearish sentiment continued to be the norm across the crypto-market, at the time of writing. While Ethereum appeared likely to face further losses on the charts after forming multiple bearish patterns, Ontology continued to slump too. On the contrary, Maker flipped a level of resistance to support and was likely to see more gains in...Read More
The crypto-market, at press time, appeared to be in a consolidation phase following a massive Bitcoin move to the downside yesterday. EOS, particularly, was noting a decline in its bearishness, while bulls in the Ontology and Maker markets appeared to struggle in warding off a second wave of selling pressure. EOS Source: EOS/USD on TradingView...Read More
