The trinity is a combination of some of the finest indicators in the industry. The RSI, MOVING AVERAGE and BOLLINGER BANDS all work in close proximity with each other, to give a rather compelling analysis of the market, the accuracy of these three indicators can build the confidence of any beginner trader when placing trades. watching the response of BTCUSD to...
The daily chart points out two important factors that have shaped the price narrative recently. The first is a descending trend from the 7th of June, exerting downside pressure on the price. This is visible at $0.223 and coincidently aligns with a horizontal resistance level, which adds to the validity of this obstacle. Secondly, the key 200 DMA below the price...
Bitcoin is experiencing a downward trend after tweets made by tesla founder Elon musk a few days back. Now is the best time to buy the Dip
LTC seems to have found some support on the chart just below the $300 level. The Litecoin price is setting up for a potential run to $339. The price has run into the support of an ascending trendline on the 2-hour chart at $298. For the moment, the trend is holding, and LTC appears to be putting in a bottom above the big figure. Additionally, it is now above a...
The 2-hour chart shows us that YFI is close to breaking below a major trend line. This trend has been in place from the 13th of May low at $60,487. I consider this to be an important level of support, as a clear break has the potential to push the Yearn Finance price back to $50,000. A series of lows from early April provide support around the $50k mark. If the...
The test of ascending trend line in. place from March has so far held. This, to me, looks encouraging. The price is running into some resistance at $421. However, I expect this level to be soon cleared, putting XMR on a path to $450. A descending trend line at $450, from the April high, offers resistance. If the Monero price can clear this resistance, there is a...
Few days after the meme coin reached its ATH of $0.00003919 the cryptocurrency has dropped -37.88%. Do you see Shiba reaching the 1 cent in the need future?
Since the beginning of 2021, Stellar has seen drops of >45% on 4 separate events. Bulls may then be sure to go deal chasing after the new steep markdown. The image in the more drawn out term stays hazy. We can look to the brief timeframe casings to give us exchanging openings. On the 4 hour chat, we see overhead opposition at $0.45113. The following level on the...
The daily chart shows that the Theta price formed a double-top pattern at $15.87 last week. In technical analysis, this pattern is usually a bearish signal. It basically means that the momentum has started to fade. At the same time, Theta has moved between the 25-day and 50-day exponential moving averages while the Average True Range (ATR) has continued to...
Hammer head candlesticks indication showing possibility of a bearish downtrend.
The charts is currently showing good signs for long buy for futures traders.