XRP Price Is Trapped Under A Bearish Structure, What Happens If It Doesn’t Br...
The XRP price looks to be on the verge of another breakdown that could send it spiraling to new multi-month lows. This comes after a failure to hold the support at $2.5 and the subsequent decline that has put it on a rather bearish path. If this bearishness continues, then it is more likely that […]
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Key Highlights. The Dogecoin price forming an interesting structure on the hourly chart with support around 36-38.0 Satoshis. If the price breaks the highlighted bullish trend line and support area, a decline towards 32.0 Satoshis is possible. Our yesterday's highlighted bearish trend line on the 30-mins chart (price feed from CEX. IO) is still in play and acting as a resistance. Dogecoin price looks like forming a breakout structure on the hourly chart with most indicators aligning for a bearish move. 36-38.0 Satoshis as Support. The recent price action in the Dogecoin price has been....
The Waves protocol (WAVES) price has remained in a channel against Tether (USDT) as it attempts to break out of this trend. Despite the recent shift in the market trend, Waves protocol (WAVES) has shown little to no significant movement, as many altcoins rallied and produced double-digit gains. (Binance data) Related Reading: Bitcoin Trading Hikes On DBS Digital Exchange Despite Crypto Winter The Weekly Chart Analysis For WAVES Protocol (WAVES) According to the chart, WAVES hit a weekly low of $4.2, then bounced back to $5. Considering its all-time high of more than $60, this isn’t....
Strongly bearish fundamentals act as tailwind to Avalanche's technically bearish setup. Avalanche (AVAX) gained 0.5% to reach over $31 on May 23 but AVAX price remains trapped inside a trading range that appears like a "bear pennant" structure.Avalanche could get buried technicals Bear pennants are bearish continuation patterns, i.e., they resolve after the price breaks out of them to the downside and then—as a rule of technical analysis—falls by as much as the height of the previous downtrend, also called "flagpole."AVAX is nearing a technical breakdown as its price moves toward the....
XRP has shown remarkable resilience after a turbulent event that saw over $19 billion wiped out from the crypto market. The token, which had fallen below $1.90 just ten days ago, is now showing signs of strength and looking like it’s going to break past $2.50 anytime soon. This rebound comes amid an atmosphere of widespread fear, uncertainty, and doubt (FUD) across the market. Despite the shaky sentiment, on-chain data suggests that this is a buy signal for XRP. XRP Rebounds Strongly After Market Capitulation Santiment’s latest data reveals that XRP’s recovery from its flash crash lows....
Bitcoin is forming a textbook downside continuation structure called Bearish Pennant whose ultimate breakout target lurks near $16,000. Bitcoin (BTC) has rebounded by more than 25% after bottoming out at $30,000 during the May 19 crash. But the cryptocurrency continues to tread ahead under the possibility of facing another period of strong sell-offs owing to a classic technical indicator pattern.Bitcoin price in a 'Bearish Pennant' Dubbed as Bearish Pennant, the pattern forms when an asset consolidates after a strong move downward and forms a small symmetrical triangle-like price range. It....