TA: Bitcoin Dips Below $23K, Why Buyers Are Still Comfortable

Ethereum price managed to gain further traction and moved above the $8.20 resistance. More gains are possible in ETH/USD since buyers are in control. Key Highlights. ETH price continued its upside move against the US dollar, and traded above the $8.20 level. There is a bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is acting as a support near $8.15-10. One may consider buying dips as long as the price is above the $8.00 support. Ethereum Price Buy Dips. There were further gains in ETH price against the US Dollar, as the price broke yesterday’s high....

We highlighted in yesterday’s post that buying dips may be a nice deal. Dogecoin price stayed above the 100 hourly simple moving average and found buyers. The price is now setting up for the next move and currently consolidating. There is a bearish trend line formed on the hourly chart (data feed from HitBTC), which is acting as a minor resistance for buyers. A break above the trend line and resistance area is needed for buyers to take control. If they succeed in breaking the trend line then there is a chance of a move towards the last swing high of 35.0 Satoshis. On the downside, there....

Litecoin price finally showed a few signs of life. There was a nice upside rally proving that how vital the $3.00 support area is for buyers. Buying dips can be an option. Intraday Support Level (Bitfinex) may be at $3.30.Earlier this week, we were looking for a buy opportunity, which looks like turned fruitful yesterday. A solid break higher is always a great sign that buyers are stepping in and it’s time for a rally. A similar scenario happened yesterday, as there was a contracting triangle pattern formed on the 2-hours chart with the data feed from HitBTC, which was broken by buyers to....

Key Highlights. Yesterday's idea that there can be more gains in Dogecoin, and buying dips is a good option worked as prices dipped and surged higher one more time. There is a major resistance building up around 77.5 Satoshis where buyers might struggle. Dogecoin continued to gain traction as buyers remain in control, but it would be really interesting to see how long the bullish trend can continue. 77.5 Satoshis as a Barrier. One more hurdle was cleared by Dogecoin buyers recently, as 71.7 Satoshis (Yesterday's high) was breached to set a new weekly high. There is a lot of bullish....

Dash Price Key Highlights. Dash price succeeded in trading higher as it spiked above a major resistance area. Our buying dips view paid off, and initial target was achieved which was 0.0130BTC. 100 hourly simple moving average was breached, which might now act as a support if the price corrects lower from the current levels. Dash price finally moved higher, as buyers managed to clear an important channel resistance area recently. Channel Break. We highlighted in yesterday's analysis a descending channel, which was supposed to act as a catalyst in the near term. There was a break noted, as....