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Avalanche (AVAX) – Sellers aiming to power the short-term bearish outlook

Posted on Wednesday, June 1 2022 at 9:20 pm GMT+0000

Avalanche’s (AVAX) negative bearing has been rekindled after the last positive thrust from the fresh 9-month low of 21.30 faltered in the vicinity of the 30.00 mark. The negative alignment of the exponential moving averages suggests that the intensity of the downward trend is intact. The short-term oscillators are currently displaying discouraging signals, suggesting further […]

Uniswap (UNI) – Bulls aiming to stretch the rebound after snapping the descending trendline

Posted on Tuesday, May 31 2022 at 9:58 pm GMT+0000

Uniswap’s (UNI) bulls snapped the descending trendline stretched from the March 31st peak, after the impressive rebound on Monday, that sent the price marginally beneath the last week’s high. After a long period of declines, the 10-day exponential moving average is now ticking higher, conveying the rising bullish pressures. Additionally, the oscillators are reflecting the […]

Monero (XMR) – Looking to upgrade the short-term bullish structure

Posted on Monday, May 30 2022 at 8:30 pm GMT+0000

Monero (XMR) has been on the rise since the 12th of May where the selloff unfolded in the second half of April faltered at a fresh 15-month low of 118. Following a brief retracement lower, the positive impetus re-emerged shooting the price higher towards the previous intraday top. Moreover, the fresh bullish cross between the […]

Bitcoin (BTC) – Still appears to be under bearish control despite the recent consolidation

Posted on Sunday, May 29 2022 at 9:30 pm GMT+0000

Bitcoin (BTC) has been edging sideways over the last couple of weeks, after its downward trajectory hit levels unseen since December 2020. The bearish bias that unfolded from early April is still unharmed, even though downside forces are currently lacking. That is being confirmed by the current price action, which is taking place well below […]

Stellar (XLM) – bears resurfaced looking to extend the negative course

Posted on Thursday, May 26 2022 at 9:44 pm GMT+0000

After a brief pause, Stellar’s (XLM) bears resurfaced and are looking to extend the previous two-month negative course, during which the payment network plunged to a fresh 18-month low. The diving 20-and 50-day exponential moving averages are still backing the broad downtrend despite the recent halt in the selloff, while the oscillators are suggesting that […]

Cosmos (ATOM) – Struggling to overcome the descending trendline

Posted on Wednesday, May 25 2022 at 9:25 pm GMT+0000

Cosmos (ATOM) could not find enough buyers to overcome the descending trendline pulled from April 3rd top, with risks remaining tilted to the downside as the steep negative bias is still holding. Sellers are currently expected to dictate the medium-term trading, as the momentum indicator has dipped in the negative area, and the RSI is […]

Avalanche (AVAX) – Exhibiting a sturdy bearish bias

Posted on Tuesday, May 24 2022 at 8:52 pm GMT+0000

Avalanche (AVAX) has been struggling to climb above the Tenkan-sen line in the last couple of sessions, and odds for a continuation of the descent from the April 2nd top of 103.65 are currently very elevated. The negatively charged Ichimoku lines are confirming the prevailing downward forces, something that is also mirrored by the oscillators. The momentum indicator […]

Bitcoin (BTC) – Stabilized around 30,000, but needs to mold additional traction

Posted on Monday, May 23 2022 at 9:19 pm GMT+0000

Bitcoin (BTC) continues to sideline around the 30,000 mark for the second consecutive week, some distance below the mid-Bollinger band, following the bounce off the multi-month low of 25,400. Nevertheless, the momentum indicators are currently suggesting an increase in the buying appetite as the Awesome Oscillator has been on the rise lately, while the stochastic […]

Chainlink (LINK) – Expected to keep attracting selling interest in the near-future

Posted on Thursday, May 19 2022 at 9:14 pm GMT+0000

Chainlink (LINK) saw its last bullish efforts evaporate in the vicinity of the 10-exponential moving average, which managed to prevent any close higher ever since early April. The price painted a sturdy structure of lower highs and lower lows, sponsored by the negatively charged 10- and 40-days exponential moving averages. Moreover, the ADX is rising, while […]

Solana (SOL) – Setting the stage for the next bearish wave

Posted on Wednesday, May 18 2022 at 9:18 pm GMT+0000

Solana’s (SOL) recent recovery from a near 10-month low of 36.20 has hit a snag in the vicinity of the middle-line of the regression channel pulled from the 2nd of April top, and downside forces are picking up again. The stochastic oscillator which reclaimed a negative charge below its equilibrium is backing up the above […]

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