Avalanche (AVAX) has dipped back beneath the 20-day simple moving average rekindling the dominant bearish tone, after a failed attempt to overstep the tough resistance barricade linking the 12th of May low and the 40-day simple moving average. The negatively charged simple moving averages are endorsing the bearish outlook, while the oscillators are reflecting the […]
Continue ReadingEthereum (ETH) is hovering just beneath the 20-day exponential moving average and the upper-line of the regression channel stretched from the April 3rd peak, after retracing almost 45% higher from the fresh 17-month low of 879 hit on June 18th. The negatively aligned 20- and 55-exponential moving averages are confirming the prevailing downwards forces, while […]
Continue ReadingAxie Infinity (AXS) pivoted southwards after last week’s recovery attempt has been curbed by the 40-day simple moving average (SMA), and the price appears like prepping for a new bearish wave. The falling 20- and 40-day simple moving averages are sponsoring the current negative structure. While as regards the oscillators, the RSI is fading below […]
Continue ReadingBitcoin (BTC) shifted to the sidelines last week following the brutal sell-off earlier this month, which worsened the broad outlook and squeezed the price to a fresh multi-year low of 17,600. The price created a bullish engulfing pattern near the aforementioned low on June 19th, signaling that the buyers could push for some more recovery […]
Continue ReadingAvalanche (AVAX) has been on the rise during the last couple of sessions, after molding a fresh foothold around the 40-period simple moving average and appears striving to make headways beyond the previously confirmed intraday top at 18.46. Technical indicators are on the board with those intentions, as the ROC is currently rising in the […]
Continue ReadingLitecoin (LTC) was forced to move back after staging a slight recovery over the previous week, thanks to resistance from the 20-day simple moving average which has been curbing upside movements for almost two months. The persistent negative bearing of the 20- and 50-period simple moving averages is sponsoring the coin’s negative structure, while the […]
Continue ReadingDigital payment network Ripple (XRP) has been moving sideways over the last few days, and is currently hovering at a marginal distance from the upper-line of the regression channel stretched from the March 28th high. Although the falling and negatively aligned 20- and 50-day exponential moving averages are still safeguarding the coin’s bearish picture, the […]
Continue ReadingAxie infinity (AXS) has been on the rise during the last couple of sessions, jumping over the 20- and 40-period simple moving averages and is in the process of completing a double bottom formation. The double bottom is a bullish reversal pattern that occurs at the bottom of a downtrend and signals that the sellers, […]
Continue ReadingBitcoin (BTC) tumbled more than 13% at one point on Saturday, crashing below the closely watched $20,000 level to its weakest level in 18 months, as it extended a slide on investor worries about growing troubles in the industry and the general pull-back from riskier assets. Technically the close below the 161.8% Fibonacci extension […]
Continue ReadingCardano (ADA) kicked off Thursday with a negative note, after the recent recovery attempt fell apart around the 20-day exponential moving average and the tough lower-line of the ascending channel stretched from the May 12th low. The falling 20- and 55-day exponential moving averages are sponsoring the broad bearish outlook while signals from the oscillators […]
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