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Bitcoin Futures (BTC1!) – Bearish mode remains in play in the long-term picture

Posted on Monday, July 25 2022 at 9:09 pm GMT+0000

Bitcoin Futures (BTC1!) painted a third straight green candle for the first time since early February, to close another volatile week during which it jumped to a fresh 5-week high of 24,280. Nevertheless, the flagship cryptocurrency remains under pressure as it continues to drift well below the descending trendline stretched from November ATH, and kicked […]

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Curve DAO (CRV) – Exhibiting a bullish appetite for the coming sessions

Posted on Thursday, July 21 2022 at 8:59 pm GMT+0000

Curve DAO (CRV), the Ethereum token that powers Curve.fi, a decentralized exchange, and automated market maker protocol, bounced forcefully above the upper line of the regression channel stretched from the 18th of June low while looking to challenge the latest intraday top posted on the 18th of July, aiming to underpin the current positive structure. […]

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Binance Coin (BNB) – Maintaining a strong bullish tone despite the last muted session

Posted on Wednesday, July 20 2022 at 9:04 pm GMT+0000

Binance Coin (BNB) has pushed 27% higher over the last week and continues to develop within the one-month-old upward-sloping channel, after breaching the important 2/1 Gann fan angle stretched from the April 4th high. The price is hovering above the 20- and 50-day simple moving averages, while the former is turning higher and seems ready […]

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Bitcoin (BTC) – Bulls returned aggressively to the game

Posted on Tuesday, July 19 2022 at 9:20 pm GMT+0000

Bitcoin (BTC) continued to outperform on Tuesday, stretching the most recent positive thrust to a fresh 5-week high beyond 23,000, and is currently confronting the important upper-Bollinger band where a decisive close higher will imply a larger bullish move. The squeezed Bollinger bands usually foreshadow a significant change in volatility ahead, something that is also […]

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Cosmos (ATOM) – Attempting to stretch the recent headways beyond a remarkable resistance zone

Posted on Monday, July 18 2022 at 9:19 pm GMT+0000

Cosmos (ATOM) formed a significant foothold around the 20- and 40-period exponential moving averages and the lower line of the regression channel and thrusted beyond the previous intraday top, underpinning the last ascent unfolded from the 7.41 bottom. Technically, there is scope for additional improvement in the short run given the positive charge exhibited by […]

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Bitcoin (BTC) – Could be on the verge of a medium-term outlook upgrade

Posted on Sunday, July 17 2022 at 9:00 pm GMT+0000

Bitcoin (BTC) has been marching higher in the previous few sessions and managed to jump over the 20-day exponential moving average and outside the descending regression channel pulled from the late March peak. The softened negative slopes of the 20-day exponential moving average, is mirroring the recent minor improvement in sentiments. Something that is also […]

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Basic Attention Token (BAT) – breached below the rising wedge pattern, setting the stage for a new bearish wave

Posted on Thursday, July 14 2022 at 8:58 pm GMT+0000

Basic Attention Token (BAT) has been underperforming in the last few sessions. It reversed harshly lower after posting a fresh 2-month high at 0.461 on July 8th and breached decisively below the rising wedge pattern, letting the bears take control. Technically the negatively charged 55- and 100-day exponential moving averages, are defending the broad negative […]

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Polkadot (DOT) – Medium-term outlook at risk of deteriorating dramatically

Posted on Wednesday, July 13 2022 at 9:09 pm GMT+0000

Polkadot (DOT) sellers finally managed to push through the bottom line of the three-week-old consolidation pattern at 6.35, rekindling the medium-term negative bearing. The falling Ichimoku lines are endorsing persisting negative forces and the momentum indicators are skewed to the downside. The CCI is diving below -100 and the ROC is falling below its zero […]

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