ADA Price Dips Worth Buying? What Key Market Indicators Suggest
Cardano’s price started a fresh decline below $0.280. ADA is struggling and key indicators suggest high chances of more downsides below $0.252. ADA price is gaining bearish momentum below the $0.285 level against the US dollar. The price is trading above $0.280 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.274 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could start a recovery wave if there is a close above the $0.280 resistance. Cardano’s ADA Price Faces Uphill Task In the past few days,....
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Ethereum price moved further higher, and buying dips played well. Now, can ETH/USD continue trading higher and test $15.00 once again? Key Highlights. Ethereum price did not stop climbing against the US Dollar Intraday, and moved above the $14.00 level. My yesterday’s idea of buying dips worked perfectly, and if you entered a trade, then I suggest to book partial profits. Also, yesterday’s highlighted bullish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD continued to act as a support area. Ethereum Price To Move Further Higher? There was no stopping Ethereum price....
Key Bitcoin price metrics show the recent 12% drop to $30,800 has not stopped traders from buying dips ahead of this Friday's $4.9 billion BTC futures expiry. Over the last 48 hours, Bitcoin (BTC) price climbed from $31,000 to $34,800 before reversing course and dropping the majority of these gains. While this $3,800 shift to the downside might not seem significant, the 12% oscillation liquidated $660 million worth of futures contracts.While it’s unlikely that there will ever be a definitive answer behind the move, on Jan. 25, President Joe Biden voiced his willingness to lower the $1.9....
The most recent balance between bid and ask prices is over, setting the bitcoin price on an upward path to $820, where another congestion area may be observed. Aside from the market determined by the biggest traders, which can be seen through volume indicators during the previous two sideways lateral movements, natural demand supremacy allows prices to leave the $580-$600 support area. Now, the new technical objective is the $820 level without intermediate resistances, in a bull pattern that could be a fast rally to place the quotes into a new formation that would drive the action even....
Bitcoin price is in for another dip to the ascending trend line support, offering an opportunity to buy on dips. Bitcoin Price Key Highlights. Bitcoin price made a strong rally after its bounce off the rising support, as indicated in an earlier article. The $740 area is holding as resistance, possibly spurring another potential correction to the ascending trend line support. Technical indicators are suggesting that the uptrend could continue but that profit-taking is due. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA on this time frame so the path of least....
Ethereum price continued to gain traction against the US Dollar, and it looks like the idea of buying dips may still work in the short term. Key Highlights. Ethereum price surged higher against the US dollar and posted healthy gains during the past 24 hours. My yesterday’s idea of buying worked and it you entered a trade, then it’s time to take profits if not already. A new bullish trend line is formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which can now act as a support area on the downside. Ethereum Price Buy. Ethereum price ETH climbed further higher against US Dollar,....