During the previous week ADA was following general market sentiment, moving out of its side trading and was traded at the lower ground. Coin started the week modestly below the resistance line at $0.6, and ended the week at its lowest weekly level of $0.44. Selling orders were dominant during the second half of the week, which also continued during week-end...
Two weeks ago Binance Coin reached a clear overbought market side, hence, it was expected that short reversal is in store for this coin. Previous week BNB started around level of $333 and turned to the downside, reaching a minimum weekly level at $276. Support line at $250 has not been tested on this occasion. Initial target for BNB was support line at $300,...
During the previous week XRP continued with a side trading which started as of the end of May this year. Generally negative market sentiment pushed the coin to the downside as of the end of the week, to the level of $0.33. Still, the highest level reached during the week was $0.39. Resistance line at $0.4 has not been clearly tested. It is also interesting to...
Two weeks ago Ether clearly reached the overbought market, hence, short term reversal was expected based on technical analysis. However, a drop during the previous week was influenced by the general negative market sentiment, in the light of negative economic data related to Germany and China. Although the coin managed to reach the psychological $2K level two...
First half of the previous week was pretty positive for BTC as the coin made a move toward the $25K resistance line to test it for the first time within the last two months. However, during the second half of the week BTC moved to the down side and to the $20K support line. Analysts are assuming that BTC`s drop as of the end of the week is a result of big sale...
Last week in the news After two weeks of rebound, markets performed with a short reversal during the previous week. Equity markets both in the EU and US finished the week lower from the week before. Similar situation was also with the crypto market. The only gainer during the week was USDollar. Bitcoin is ending the week below $22K, Ether modestly reverted to...
It was a very good week for LINK. Coin found strength to make a move toward the long term resistance line at $9.0. LINK finished the previous week by testing this level. At the same time, a clear overbought market has been reached, which decreases the probability for this level to be further breached to the upside. Nevertheless, LINK made significant progress in a...
Although side trading continues for ADA, still, during the previous week, ADA made some short moves to the higher grounds. Those moves were not so significant, but they show that there is still some investor’s interest for this coin, which might gradually lead ADA toward next resistance at $0.6. ADA started the previous week at $0.5 support line and managed to...
Binance Coin continues to gain in strength. During the previous week, the coin continued to move in the overbought market, increasing its price to the level of $335, where the coin is finishing the week. Next resistance line at $350 has not been tested during the week, leaving this level for the future period. During the whole week RSI was moving above level of...
As it was expected, XRP continued with side trading for another week in a row. It is interesting that from May this year, Friday trading sessions have significantly increased trading volumes. This might be an indication that “whales” are on the move during these days in order to maintain the price of XRP. However, this is only an assumption based on chart data,...
There have been some interesting developments with ETH during the previous period. Forthcoming “merge” fork is evident on the charts, but also on the futures market. Since it has been announced that Ethereum is preparing to improve the network, the price of ETH was continuously gaining in strength, with a clear reason. However, futures trading on Friday revealed...
There has been increased optimism on the financial markets during the previous week, supported with slow down of inflation in the US. Markets perceive these figures through potential moves of the FED, where expectations are in terms of slowing down the monetary tightening. However, some analysts are pointing that it might be too early to expect that the FED will...
Last week in the news Latest data show that the inflation in the US is slowing down. This news brought some relief to financial markets through the perception that further FED's monetary tightening might slow down. This was a long-awaited boost for both equities and the crypto market. Bitcoin ended the week nearing the $25K resistance; Ether reached...
Two weeks ago LINK finally managed to move from channel trading between levels of $5 and $7. Long term resistance line at $8 has been reached, but the coin did not have strength during the previous week to break this level, although it has been tested on several occasions. Weekly trading range was between $7 support and $8 resistance. In line with spot price,...
ADA continues to be in the mood of side trading. This is supported by significantly decreased daily trading volumes, which don’t have strength to push the price to any side. This is also reflected in technical indicators, which are “freezing” for some time now. During the week RSI moved from 51 to 55. The indicator shows that the market is still eyeing the...
Another positive week is behind BNB. The coin managed to reach another currently significant target of $300 resistance line to be clearly tested and breached as of the end of the week. Although BNB started the week around level of $275, dominant buying orders have pushed the price to the highest weekly level at $320. With this move the overbought market has been...
XRP continues with its modest moves. Side trading has been the dominant way for this coin for some time now. However, the target of $0.4 resistance was reached two weeks ago, and the coin continues to trade within this range. During the previous week the coin was moving between levels $0.36 and $0.38. Trading volumes continue to be decreased with equal...
It was a relatively flat week for ETH, as its price was following general market sentiment during the previous week. Coin was holding strongly to the $1.7K support line, although there has been some pressure to the downside. Weekly trading range for ETH was $1.560 up to $1.750. Certainly, the forthcoming “Merge” is still strongly supporting the price of the...