Bitcoin Price Breaches The $353 Resistance Level - $400 Is Inevitable!!!
Bitcoin price has just exceeded $360 less than an hour, before writing this article. As last week's bullish wave continues to build up, the 2 and 4 hourly charts continue to print higher highs. As I looked through the 1 -2 hourly charts and the 1 day charts, I detected a few signs signaling continuation of this new uptrend, especially, that the price will not face any significant resistance all the way up to $416. Key Resistance Points: Let's take a look at the 1 day (BTC/USD) charts from Bitstamp and plot the 20, 50 and 100 EMAs (look at the below chart) . We can conclude the following:....
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Bitcoin price has fallen rather sharply following failure to breach a strong resistance level. I was hoping for an upwards break but the pesky full moon appeared (again at a market inflection point, starting to think there's something to this moon phase stuff...) to foil my Plan A. The bears have won a minor skirmish - but not the battle and certainly not the war. After failing to breach a key level, 850 on Bitstamp or 950 on Gox, the Bitcoin price is now staging a fighting retreat back to Support. At the time of writing, the down move has at least paused around the 820 / 0.236 Fib level.....
AAVE has been showing hints of recovery today which is quite the opposite of its figures a few hours ago. AAVE shows signs of recovery as price climbs by 7.35% Coin generally bearish but the bulls are now attempting to take over AAVE breaches $77.53 level This could be due to the general crypto market recovering too as of press time. Will this be for long term? The coin has been generally bearish as it resist falling into the $74 level. Key support is now spotted at the $73.65 level and resistance is present at $77. 52. Evidently, AAVE is seen to be moving downhill earlier as it failed....
The current price action of Decentraland (MANA) indicates that market optimism is on the rise as the digital currency regains its bullish momentum, with the price now targeting the key resistance level of $0.3713. This recent surge in MANA’s price occurred following a price rejection at $0.3099, marked by the formation of a hammer candlestick pattern. MANA has shown renewed strength, attracting investors and traders who are eagerly waiting for an opportunity to capitalize on the potential upward movement, especially as it approaches the critical resistance level of $0.3713. As MANA....
Over the past few days, the Uniswap price has been trading sideways with minor losses. On the daily time frame, the coin has only moved up by 0.4%, indicating consolidation. Unfortunately, in the last week, UNI has lost almost 2% of its value. For the past couple of weeks, Uniswap’s trading range has been limited between $5.51 and $5.90, respectively. If the price moves above $5.90, the buyers will be in control of the altcoin’s price. At the time of writing, the technical outlook of UNI indicated the presence of bearish forces. The demand and accumulation of the altcoin....
It’s been a good day for the crypto market, with Bitcoin, Ethereum, and altcoins posting strong gains. The two leading crypto-assets have gained approximately 8% each over the past 24 hours, which is the best performance in many weeks. Ethereum is expected to move higher as fundamental and technical trends align. One crypto-asset trader pointed to the significance of Ethereum’s recent move higher. The leading cryptocurrency recently passed above the important $390 resistance level, which […]