4 Bitcoin Targets To Be On The Lookout For As Price Retests S/R Zone
Bitcoin is once again testing a critical level that could shape its next major move. With price action returning to a previously contested support and resistance zone, attention is now shifting toward a defined set of upside targets that could come into play if the level continues to hold. Bitcoin’s S/R Zone Retest Signals Strength In Market Structure According to market technician Johnathan Carter, Bitcoin’s weekly chart is currently revisiting a key zone that previously acted as resistance before being broken. That same level is now functioning as support, marking a classic....
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Crypto analyst Trader Tardigrade has provided a bullish outlook for the Ethereum price, predicting it could soon witness a massive move to the upside. As part of his analysis, Trader Tardigrade also revealed how high ETH could reach as it enjoys this upward trend. Ethereum Set To Rally To $3,180 As ETH Retests Symmetrical Triangle […]
As Cardano (ADA) retests a key multi-year level that previously led to significant price increases, some analysts point to on-chain and derivative signals suggesting a potential price recovery for the altcoin. Related Reading: Ethereum Tops $2,100 As BitMine Ramps Up ETH Bet With $137M Purchase Cardano Retests Key Macro Support On Tuesday, Cardano dropped 3% to retest a crucial macro support level. The altcoin has been trading between $0.25-$0.30 since the early February market crash, failing to break out of the range’s upper boundary over the past two months. ADA’s price has retraced to....
Another day and another wave of advance. Bitcoin price has broken through $680 and the market is currently with $700 which had caused deep correction a month ago. Technical analysis looks for up- and downside targets. At 12h00 UTC it became apparent that price was preparing to launch from its consolidation zone below $680 (Bitstamp) and push higher. The 1hr stochastics (top panel) were dropping to their minimum and the xbt.social buy signals were starting to form. A trade recommendation was issued and within an hour the move above $680 resistance happened. Price has now pushed into a....
Bitcoin Sub Targets $400. BTC/USD rebounded off its upper channel trendline and has resumed the downtrend. This outcome was discussed last week and with Bitcoin price action remaining inside the decline zone, the implication is a return to the $400 price level. I am going out on a limb here, writing this Bitcoin chart analysis during the Asian session before the European session shows it's hand. Whatever I commit to writing here will be confirmed or invalidated during the next few trading sessions. Takeaway. Decline is in force. Price has been rejected by the decline's upper channel....