Technical Analysis: Record Broken, as ANC Falls Over 20% on Sunday
Following a week-long winning streak, ANC finally fell on Sunday, as crypto bears finally entered the fray. Despite this, WAVES managed to maintain recent highs, and has now climbed close to 60% in the last week. Anchor protocol (ANC) Following a streak of fresh record highs from Wednesday to Saturday, Sunday saw anchor protocol (ANC) fall by over 20% as bears finally re-entered the market. Anchor protocol which was trading higher for five consecutive sessions, saw this momentum halted in a big way. ANC/USD fell to an intraday low of $4.55 during today’s session, following an....
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Ethereum Price Key Highlights. Ethereum price has been able to sustain its downside momentum from yesterday's break below the symmetrical triangle support visible on the 1-hour chart. Price has made its way to the next support area around 0.00240BTC, which coincides with its lows last month. Ethereum price is currently under heavy selling pressure after having broken below its short-term consolidation pattern, with sellers likely to have enough energy to push for new record lows. Another pullback possible? Ethereum price made a quick bounce upon testing its record lows, signaling that a....
Ethereum price has broken its last year $22 record. What is the reason for such a powerful surge? ETH/USD. What caused the price surge. There are several reasons for the price rally. They arise from the technical analysis and news. One of the major volatility factors is the conference that took place in Sydney, on March 7-9. The event was devoted to the current problems and future opportunities in the crypto industry. As for the technical part of the price rally, Ethereum price has stopped at a key resistance of the $20 point. At that mark, there are key lines ending the entire trend from....
Litecoin has broken above the neckline of the Reverse Head & Shoulders pattern which sets its next target at $1.800. But, the upside breach is not convincing enough; the technical indicators do not display strong optimism and the post-breakout price action fails to inspire confidence to buy. Litecoin is presently consolidating above the neckline at $1.700. A technical analysis of the 240-minute LTC/USD price chart prevents me from buying into this market trap. Litecoin Chart Structure - Even though Litecoin has broken above the neckline level of $1.690, it has not made any significant....
Bitcoin fell more than 7 percent on Monday after a whale deposited 18,000 BTC into a Gemini wallet. The flagship cryptocurrency dropped to an intraday low of $54,568 at 0940 UTC, down 7.47 percent into the European session. Its correction started on Sunday after the price reached a new record high above $61,000. Traders used […]
Bitcoin is making waves globally as it broke through the psychologically important $1,000 barrier on several large exchanges today Sunday, 1 January. It had already broken all-time highs in several currencies as global bitcoin exchanges reported record-setting monthly volume. Bitcoin’s price has increased more than 120% since the start of 2016 alone.....