Latest Posts with Technical Analysis tag

Technical Analysis

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Bitcoin Holds Steady Above $11,200 Support (TA - 13th of October)

13 Oct 2020 2 minute read 5 comments pheonixdown-dee

Bitcoin (BTC) has broken out from a crucial resistance level and validated it as support afterward.   After a possible short-term decrease, the price is expected to resume its upward movement. BTC Trading Range The Bitcoin price has been increasing s...

Bulls vs Bears - Crypto Whiteboard 101

30 Oct 2020 2 minute read 5 comments The Part Time Economist

As a new cryptocurrency investor, you are likely to hear the terms bull market and bear market. In this article, I'd like to provide a general overview of what bull markets and bear markets are, the differences between them, some typical trading stra...

Ethereum Gets Rejected at $400 – What’s Next? (TA - 16th of October)

16 Oct 2020 2 minute read 3 comments pheonixdown-dee

he Ethereum (ETH) price has been consolidating inside both a long- and short-term range since the beginning of September. Until the price moves outside of this, the direction of the trend remains unclear.   Long-Term Levels The Ethereum price is...

Bitcoin Gears Up for Another Attempt at Moving Above Resistance (TA - 5th of October)

5 Oct 2020 2 minute read 5 comments pheonixdown-dee

Bitcoin (BTC) is still trading above an important long-term support level and is expected to eventually make another attempt at breaking out above $11,200. Overcoming this resistance, or rejection from it, will likely determine the direction of the m...

Link Finally Breaks Out From 52 Day Resistance Line (TA - 14th of October)

14 Oct 2020 2 minute read 8 comments pheonixdown-dee

On Oct 8, the ChainLink (LINK) price broke out from a descending resistance line that had been in place for 52 days. While a short-term decline could occur, the price should resume its upward move afterward.   LINK Breaks Out From Resistance The...

$11K BTC & $400ETH Soon? - What Charts are Saying, and Where are The Next Stops?

1 Oct 2020 7 minute read 0 comments CryptoChartWizard91

Hello traders! Despite Bitcoin dropping by a total of 7.3% and Ethereum falling by a steeper 15% over the past month - there are some signs that we might be heading out of this phase of consolidation.  In this analysis, I have many fundamentals to co...

XTZ Targets Closest Support After Triangle Breakdown (TA - 28th of October)

28 Oct 2020 2 minute read 13 comments pheonixdown-dee

The Tezos (XTZ) price has been falling rapidly since the beginning of August and has just broken down from a neutral pattern. The price should decline until it reaches the support levels outlined below.   Descent to Support The XTZ price has been...

BAT Targets $0.30 After Wedge Breakout (TA - 23rd of October)

23 Oct 2020 1 minute read 2 comments pheonixdown-dee

The Basic Attention Token (BAT) price has possibly completed a bearish impulse pattern with a breakout from the descending wedge it had been trading in for the past month.   If true, the price is expected to continue moving upwards in either an upwar...

LINK’s Breakout Could Eventually Take It to $15 (TA - 24th of October)

24 Oct 2020 2 minute read 9 comments pheonixdown-dee

The ChainLink (LINK) price has broken out from a downtrend line that had been in place for more than two months. Despite this, the price has failed to considerably increase after the breakout and has yet to clear a crucial resistance level, which...

Bitcoin Reaches Highest Weekly Close in Nearly Three Years (TA - 26th of October)

26 Oct 2020 2 minute read 2 comments pheonixdown-dee

During the week of Oct 19-26, Bitcoin (BTC) reached a close above $13,000. While the long-term trend is bullish, the short-term chart has begun to show weakness. Whether the price breaks out or down from the current parallel channel will likely d...