TA: Bitcoin Holds Strong Above $22K, Why BTC Could Resume Its Rally
Bitcoin price extended its rally above $21,500 and $23,000 against the US Dollar. BTC traded to a new all-time high near $23,215 before correcting gains. Bitcoin started a short-term downside correction after trading as high as $23,715. The price is currently holding the $22,350 support and it is well above the 100 hourly simple moving […]
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Ethereum corrected lower after testing the $395 resistance against the US Dollar. ETH price is currently following the 100 hourly SMA, and it could resume its rally above $385. Ethereum is following a nice bullish trend above the $375 and $380 levels. The price is trading above the 100 hourly simple moving average, but it […]
Ethereum has undergone a strong 10-15% rally over the past seven days that has brought it as high as $420. The coin is expected to move towards $433 to “catch up” to Bitcoin. Ethereum Expected to Surge As Bitcoin Holds Key Supports Ethereum has undergone a strong 10-15% rally over the past seven days that has brought it as high as $420. The coin currently trades for $412 as it positions to move higher. The […]
Bitcoin Price Key Highlights. Bitcoin price is still stuck in correction mode, as bulls seem unable to sustain their previous price rally. The Fibonacci retracement levels marked on the daily time frame could serve as potential areas where bulls might hop in. Bitcoin price could use a much larger correction from its similarly large rally throughout past week, possibly leading to a pullback to the 61.8% Fib. Area of Interest. At the moment, bitcoin price is finding support at the 50% Fibonacci retracement level, which lines up with the $350 mark. No reversal candlesticks have formed yet so....
Ethereum traded to a new monthly high at $422 before correcting lower against the US Dollar. ETH price is trading well above the 100 SMA (H4) and it is likely to resume its upside above $422. ETH price is trading in a strong uptrend above the $400 support against the US Dollar. The price is […]
REEF looks bullish on a lower timeframe Price reclaims 50 exponential moving average (EMA) on the daily timeframe REEF price gets rejected by 200 EMA acting as resistance on the daily timeframe. Reef finance (REEF) has had a tough time recently but has shown great strength bouncing up in a lower timeframe. Reef finance has struggled to remain bullish as the price fell from an all-time high of $0.3 to $0.0048, with the price maintaining a downtrend with little hope of a relief rally or bounce against tether (USDT). (Data from Binance) Related Reading: Optimism Analysis: Latest Figures....