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Ethereum (ETH) – Has set the stage for the next bearish wave after diving below the triangle pattern

Posted on Tuesday, July 12 2022 at 10:09 pm GMT+0000

The second-largest cryptocurrency Ethereum (ETH) has been gradually losing ground since last Friday, falling below the three weeks ascending triangle stretched from the June 18th bottom. The bearish intersection between the 40-and 100-day simple moving averages is promoting further declines in the coin, while momentum indicators are showing that bears are pushing for the next […]

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Litecoin (LTC) – Rekindling the negative tone

Posted on Monday, July 11 2022 at 8:40 pm GMT+0000

Litecoin’s (LTC) recent positive thrust off the 40.32 multi-month low faltered in the vicinity of the 60.00 key level and the price dropped once again below the 20-day exponential moving average. The negatively charged exponential moving averages are endorsing the medium-term bearish outlook, while the oscillators are reflecting the recent increase in the negative impetus. […]

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Dogecoin (DOGE) – Recent recovery faltered in the vicinity of the 23.6% Fibonacci retracement level

Posted on Sunday, July 10 2022 at 8:47 pm GMT+0000

Dogecoin (DOGE) shifted to the sidelines, after the mid-June recovery faltered in the vicinity of the 23.6% Fibonacci retracement level of the April-June freefall, and the price has since been tiptoeing across the 20-day exponential moving average. The negatively aligned exponential moving averages are endorsing the medium-term negative outlook, while the oscillators are suggesting that […]

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Bitcoin (BTC) – Flagging some optimistic signs

Posted on Thursday, July 7 2022 at 9:45 pm GMT+0000

Bitcoin (BTC) has been rising gradually after painting two tiny Doji stars during the last weekend, and lately jumped over the mid-Bollinger band, raising some optimism for a possible turn-up in the price. The momentum oscillators are reflecting the latest impulses of upwards pressures. The RSI stepped on its 30-oversold threshold and is ramping up […]

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Binance coin (BNB) – ٌReflected an initial rosy sign for a turnup in the price

Posted on Wednesday, July 6 2022 at 9:31 pm GMT+0000

Binance coin (BNB) started July on a positive note after halting the last week’s decline some distance above the mid-June low of 183.40, and recently crossed above the 20-day simple moving average. Although the 20- and 40-day simple moving averages are still negatively aligned, the former is setting the stage for an upturn, signifying that […]

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AAVE (AAVE) – Remains locked inside the regression channel

Posted on Tuesday, July 5 2022 at 9:56 pm GMT+0000

AAVE (AAVE) recent recovery from a near 20-month low of 46.9 has snagged in the vicinity of the 20-day exponential moving average and the price is still locked inside the regression channel stretched from the 1st of April top. The momentum indicators are conveying that bearish forces are persistent. Specifically, the IMI has plunged below […]

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Cosmos (ATOM) – Facing an improving bias in the short-term picture

Posted on Monday, July 4 2022 at 9:19 pm GMT+0000

Cosmos (ATOM) started the new week on the front foot, having stepped on the 20-period exponential moving average to stretch the recent positive thrust that unfolded a few sessions ago. Moreover, buyers are pushing for a decisive move above the recent high of 8.74, to claim full control of the reins. Technically, the rising exponential […]

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Bitcoin (BTC) – Bearish risks are amplifying with the price tiptoeing across the middle-line of the regression channel

Posted on Sunday, July 3 2022 at 9:28 pm GMT+0000

Bitcoin (BTC) has been tiptoeing across the middle-line of the regression channel pulled from the late March peak, unable to post any remarkable uptick. The most recent recovery attempt proved short-lived and the crypto-king dropped back towards the mid-June lows, rekindling the medium-term downtrend. Technically, the falling simple moving averages are endorsing the continuation of […]

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Polkadot (DOT) – On the verge of an outlook deterioration

Posted on Thursday, June 30 2022 at 9:28 pm GMT+0000

Polkadot (DOT) sellers re-emerged last Sunday near the area linking the June 15th peak of 8.77 and the Kijun-sen line, redirecting the price towards mid-June lows. From a technical perspective there is scope for additional bearish developments in the coming sessions as the Tenkan-sen line reversed back lower beneath the Kijun-sen line, and the oscillators […]

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