Technical Analysis from me, will mostly be doing Bitcoin / Altcoin.
2 Oct 2020 1 minute read 3 comments pheonixdown-dee
The Binance Coin (BNB) price was rejected on Sept. 30 and initiated a drop that is still ongoing. While a short-term bounce is expected, the direction of the longer-term trend is unclear. Creation of a Lower High On Sept. 14, the BNB price reache...
2 Oct 2020 1 minute read 9 comments pheonixdown-dee
The Uniswap Token (UNI) price halted its decrease on Sept 22, but the resulting upward movement was weak and has already retraced. A drop below $3.78 is expected to accelerate the rate of decrease. UNI has been decreasing since Sept. 25, when the pri...
30 Sep 2020 1 minute read 6 comments pheonixdown-dee
Bitcoin (BTC) has been rejected by the $11,000 level multiple times in the past few weeks but has managed to avoid getting stuck under $10,000. It is possible that BTC could drop back slightly to $10,550 before resuming its upward movement. Bit...
28 Sep 2020 2 minute read 2 comments pheonixdown-dee
The Cardano (ADA) price has been increasing rapidly since it reached a low on Sept 23. However, the price has yet to clear a significant resistance level and has not confirmed the upward trend. Current Movement The ADA price has been falling...
25 Sep 2020 2 minute read 5 comments pheonixdown-dee
The ChainLink (LINK) price increased by 41% on Sept. 24. While the price has broken out from a bullish pattern, the current movement is still more likely to be a correction than the beginning of a new upward movement. LINK Bounces at Support Th...
25 Sep 2020 2 minute read 9 comments pheonixdown-dee
The Ether (ETH) price began an increase on Sept. 24 which is still ongoing. However, the price has not yet confirmed that it has begun an upward trend, making it likely that the current increase is corrective. Bullish Engulfing Candlestick The ETH...
25 Sep 2020 2 minute read 8 comments pheonixdown-dee
On Sept. 24, the Bitcoin (BTC) price created its first higher low since the Sept. 4 drop with a bullish engulfing candlestick. It is possible that this was the beginning of a new upward movement for BTC. Bullish Engulfing Candlestick On Sept. 25, t...
24 Sep 2020 1 minute read 15 comments pheonixdown-dee
The Tezos (XTZ) price has been decreasing rapidly since Aug. 13 and has broken down from several crucial support levels. Unless the price is successful in reclaiming them, the trend is considered bearish. Breakdown From Long-Term Support The XT...
23 Sep 2020 2 minute read 1 comment pheonixdown-dee
The Bitcoin (BTC) price has been increasing since reaching a low on Sept 21. However, the increase looks corrective and BTC is expected to complete another small downward move before eventually resuming its upward movement. After reaching a low of $1...
21 Sep 2020 1 minute read 5 comments pheonixdown-dee
The Uniswap (UNI) price was subject to a rapid increase on Sept 17, but reached a top the next day and has been decreasing since. The recent breakout suggests that the price is likely to continue its upward movement. UNI Breakout The UNI price has...
