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The Week Ahead: Central Banks Meetings & Big Tech Earnings Eyed

Posted on Monday, October 24 2022 at 6:31 am GMT+0000

Weekly Wrap-Up 📈 Wall Street closed sharply higher and benchmark Treasury yields hit pause on Friday following signals that the Federal Reserve might consider less aggressive inflation-curbing tactics after November. Stocks rallied after U.S. Treasury Secretary Janet Yellen said inflation is not becoming embedded in the economy, and San Francisco Federal Reserve President Mary Daly […]

Bitcoin (BTC) – Downside risks keep lingering in the background despite the latest stabilization

Posted on Sunday, October 23 2022 at 9:07 pm GMT+0000

Bitcoin (BTC) continues to drift sideways with weak momentum, painting a series of tiny neutral candlesticks just below the 20-day exponential moving average and the 20,000 barrier. Glancing at the oscillators, they are indicating that the directional impetus vanished. The MACD is following a horizontal path beneath the zero mark. Moreover, the ROC and the […]

Crypto.com (CRO) – Could be setting the stage for a fresh bearish wave

Posted on Wednesday, October 19 2022 at 9:30 pm GMT+0000

Crypto.com (CRO) was forced to move back following the recent recovery thanks to resistance from the upper-line of the regression channel stretched from the August 3rd peak and the adjacent 40-day simple moving average. The bearishly charged 40- and 100-day simple moving averages are safeguarding the medium-term negative structure and the oscillators are hinting at […]

Ripple (XRP) – Medium-term uptrend seems to be languishing, and a reversal is looming

Posted on Tuesday, October 18 2022 at 8:55 pm GMT+0000

Ripple (XRP) has been losing ground over the last couple of days after failing to reach the 4-month high of 0.558 posted on September 23rd and eventually destroyed the sequence of higher tops on the daily chart. The recent setback has sent the price below the Ichimoku lines, which are now on the verge of […]

Chainlink (LINK) – Will likely keep attracting buying interest in the short-term

Posted on Monday, October 17 2022 at 8:51 pm GMT+0000

Chainlink (LINK) painted a higher low and shot aggressively higher during the weekend to erase all of last Friday’s losses. The move confirmed a bullish trend reversal pattern on the four-hour chart. The expansion of the Bollinger bands is showing that volatility has been restored, while the momentum oscillators are suggesting an increase in the […]

Bitcoin (BTC) – Odds remain on the bears side despite the recent price stabilization

Posted on Sunday, October 16 2022 at 9:05 pm GMT+0000

Bitcoin (BTC) continues to tiptoe across the 19,000 zone, after failing to step into the $20,000 area following an impressive 10% short squeeze bull run. The short squeeze was catalyzed last Thursday, after the crypto-king fell 10% in less than 4 hours upon releasing the U.S. September CPI data that came in higher than expected. […]

Bitcoin (BTC) – Odds are still in bears’ favor despite the latest bounce

Posted on Thursday, October 13 2022 at 8:30 pm GMT+0000

Bitcoin (BTC) almost touched September’s three-month low of 18,100 after the release of the U.S. CPI data, before bouncing higher to erase all of its losses for the session in the following few hours. However, the medium-term technical picture remains gloomy as the crypto-king keeps hovering below the descending trendline stretched from the August 15th […]

Bitcoin (BTC) – Experiencing a scarce period of low volatility, which is expected to be followed by an aggressive sell-off

Posted on Wednesday, October 12 2022 at 8:53 pm GMT+0000

In today’s report, we follow a slightly different approach when analyzing the medium-term technical outlook for Bitcoin (BTC), as we investigate its price volatility in depth. The crypto-king has been relatively stagnant in the past few weeks, hovering in a tight range of 18,100 – 20,500, but still holding beneath the descending trendline stretched from […]

Gala (GALA) – Expected to extend its bearish cycle in the near future

Posted on Tuesday, October 11 2022 at 8:29 pm GMT+0000

Gala (GALA) started the second week of October on the wrong foot, particularly with a strong dip from the tough resistance area linking the 20-day exponential moving average, the upper line of the regression channel stretched from the August 15th peak, and the mid-July bottom. Technically, the sinking 20- and 55-day exponential moving averages are […]

Crypto.com (CRO) – Expected to keep attracting selling interest in the near-future

Posted on Monday, October 10 2022 at 8:35 pm GMT+0000

Crypto.com (CRO) has been free-falling since early August and erased almost all of the summer rally. Lately the bulls staged a minor comeback, but their efforts to claim control of the reins fizzled out near the 55-day exponential moving average, and the price is slipping back towards the last bottom posted on the 21st of […]

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