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Tezos (XTZ) – Sellers looking towards the 2.10 key barrier

Posted on Tuesday, May 3 2022 at 9:01 pm GMT+0000

The previous month’s sharp downfall sent Tezos’s (XTZ) price to a fresh 10-month low at 2.40, and the technical picture currently supports more weakness. The negatively charged Ichimoku lines are demonstrating that the bearish forces are dominating the stage. Moreover, the oscillators are skewed to the downside, suggesting extra bearish developments. The KST is diving […]

Bitcoin Futures (BTC1) – Facing notable downside risks following a 17% decline in April

Posted on Monday, May 2 2022 at 9:05 pm GMT+0000

April used to be a positive month for the crypto-king, but this hasn’t been the case this year. Bitcoin Futures (BTC1) plunged more than 17% this April marking the biggest monthly drop since last December. May started with a slightly positive tone, leading to the liquidation of $46.48 million in positions, among which almost 58% […]

Cardano (ADA) – Exhibiting a sturdy bearish bias below the exponential moving averages

Posted on Sunday, May 1 2022 at 9:08 pm GMT+0000

Cardano (ADA) has taken notable heavy damage during April and stretched the medium-term downtrend initiated from September’s peak to levels last seen in February 2021. Moreover, the persistent negative bearing in the 55- and 100-day exponential moving averages is nurturing the prevailing bearish structure. However, the price lately steadied around the February 24th bottom at […]

Bitcoin (BTC) – Attempting to mold a foothold just above the critical 37,600 – 37,100 support area

Posted on Thursday, April 28 2022 at 9:25 pm GMT+0000

Bitcoin (BTC) started the day with a strong positive note on Thursday, stretching the previous session’s minor recovery, and looks like attempting to mold a fresh foothold just above the critical 37,600 – 37,100 support area. However, the crypto-king is holding just below the Tenkan-sen line which is still sloping southwards well underneath the Kijun-sen […]

Kadena (KDA) – Expected to significantly intensify the negative bearing

Posted on Wednesday, April 27 2022 at 9:17 pm GMT+0000

Kadena (KDA) was forced to move back after marking a slight recovery a couple of days ago, thanks to resistance from the 55-period exponential moving average which has been curbing upside movements almost since the beginning of April. Moreover, the persistent negative bearing of the 20- and 55-period exponential moving averages is sponsoring the current […]

Stellar (XLM) – Expected to surrender extra ground

Posted on Tuesday, April 26 2022 at 8:46 pm GMT+0000

Stellar (XLM) built the foundation for a new bearish wave after the recent dive below the 0.186 support level which managed to mute negative pressures earlier this month. The falling Tenkan-sen line acted as a tough resistance line in Tuesday’s session and pressed the price harshly lower. Moreover, it is still diving well below the […]

Bitcoin Futures (BTC1) – Extending April’s losing streak to almost 20%

Posted on Monday, April 25 2022 at 9:21 pm GMT+0000

Bitcoin Futures (BTC1) started the week in the red after falling notably for three consecutive sessions reducing their distance with the January low at 33,000. The crypto-king is extending April’s losing streak to almost 20%, and Monday’s price movements that forced the liquidation of $87.00 million in positions are reflecting the gloomy mood in the […]

Bitcoin (BTC) – Tiptoeing alongside the lower line of the regression channel

Posted on Sunday, April 24 2022 at 9:09 pm GMT+0000

Bitcoin (BTC) is tiptoeing alongside the lower line of the regression channel pulled from January lows after multiple failed attempts last week to recover beyond the 50-day simple moving average. The aforementioned line managed previously this month to halt the sell-off triggered by the 200-day simple moving average and seems stubbornly trying to prevent a […]

Ethereum (ETH) – Switched to a recovery operation; a move above the 3,230 would bolster positive tendencies

Posted on Thursday, April 21 2022 at 9:24 pm GMT+0000

Ethereum (ETH) switched to a recovery operation on Monday after halting its down-leg at a one-month low of 2,880 and near the upper surface of the Ichimoku cloud. The second-largest cryptocurrency gained further traction in the following session and sliced through the Tenkan-sen line. Currently, momentum oscillators are favoring further price advances. The ROC is […]

Terra (LUNA) – Repainted a higher low keeping its bullish outlook intact

Posted on Wednesday, April 20 2022 at 9:26 pm GMT+0000

Terra (LUNA) staged a spectacular upturn this week, bouncing more than 25% from the vicinity of the lower surface of the Ichimoku cloud, to swiftly shatter it from the upside slicing through the Tenkan-sen line. However, it seems like the bulls are taking a breather after hitting the Kijun-sen line. The oscillators are feeding prospects […]

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