Sandbox’s (SAND) recent recovery from a more than 8-month low of 0.733 has snagged near the upper line of the regression channel stretched from July’s peak, as downside forces remain a frontrunner in the metaverse and gaming ecosystem platform. The negative bearing of the 40- and 100-day exponential moving averages is endorsing the medium-term bearish […]
Continue ReadingAxie infinity’s (AXS) recent recovery from the 11.64 low tagged on the 19th of September snagged around the upper-line of the regression channel stretched from the 3rd of September top, and the price reversed back lower. The aforementioned bullish attempt did not harm the short-term negative structure, which is safeguarded by the negatively charged 50- […]
Continue ReadingNEAR Protocol (NEAR) has been creeping lower over the last couple of days, coming close to confirming a bearish trend reversal pattern after the summer rally from the mid-June 10-month low hit a snag in the vicinity of the tough late May resistance of 6.55. As the price is now hovering near the July 26th […]
Continue ReadingAvalanche (AVAX) is extending the one-and-a-half month decline beneath the exponential moving averages and the descending trendline stretched from the August 8th peak. The negative charge of the 20- and 55-day exponential moving averages is backing the bearish picture in the coin and the momentum indicators are clearly leaning to the downside. The fresh bearish […]
Continue ReadingEthereum Classic (ETC) is currently confronting the lower surface of the Ichimoku cloud, having reacted on Monday to the tough support zone of 24.58, linking the July 23rd peak and the return line of the descending channel stretched from the August 13th high. The mid-June to mid-August positive impetus, which has overshot the price by […]
Continue ReadingLitecoin (LTC) reversed sharply lower last week after failing to close above the August 14th high, to activate a Bull Trap reversal pattern, and put an end to the last three-months minor uptrend. As the price is now hovering beneath the ascending regression channel stretched from the June 14th bottom, the oscillators are sending clear […]
Continue ReadingBitcoin (BTC) could barely rotate since the rejection near the upper-Bollinger band and the early August low of 22,400 on Tuesday and has been since tiptoeing just beneath the 20-day simple moving average, refusing to show any recovery appetite. The mid-August decline critically degraded the medium-term technical picture. And despite the recent horizontal path followed […]
Continue ReadingBinance Coin (BNB) is re-challenging the 3/1 Gann fan angle stretched from the June 18th bottom which managed to curb downside movements the previous week. The famous coin’s volatility has eased over the last few days as reflected by the squeezed Bollinger bands, while the oscillators are conveying weak signals in the directional impetus. The […]
Continue ReadingEthereum (ETH) plummeted to a fresh one-week-low of 1,580, penetrating the ascending regression channel stretched from the August 29th bottom to meet the 3/1 Gann fan angle. While the second largest cryptocurrency awaits “The Merge”, expected to be completed on Thursday, its short-term technical picture seems a bit grim. Specifically, the 20-and 55-exponential moving averages […]
Continue ReadingFlux (FLUX) reversed sharply lower after failing to overrun the 6th of September intraday top and is now in the process of activating a double-top formation. A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two […]
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