Although LINK started the previous week in a positive manner, heading toward the upside, still the highest level reached was $7.1. Long term resistance line has not been tested on this occasion. By following general market sentiment, price soon reverted to the downside, to the level of $5.88. Coin is finishing the week testing the support line at $6, but without...
As it has been expected, ADA continued with side trading during the previous week. This is sort of typical behavior of this coin, after prior strong price moves. During the previous weeks, the price of ADA reached historically lowest levels, after which, the coin started its side trading around level of $0.45. Relative Strength Index is a reflection of the side...
General negative market sentiment is continuing to impact the price of BNB coin. During the previous week, the coin was making modest moves between levels of $242 down to $204. Support line at $200 has not been clearly tested on this occasion. As of the end of the week buying orders started to emerge, which stopped the price of moving further to the downside. RSI...
XRP significantly slowed down volatility during the previous week. Market was side trading this coin. Considering general negative market sentiment, side trading sometimes might be a good thing. It suggests that the $0.3 support line is the current bottom for this coin and there is no strength to move the coin further to the downside. Highest level reached during...
Market continues to punish ETH without any obvious reason. Since the beginning of this year ETH lost almost 72% in value, while BTC lost around 60% for the same period of time. There is no rational reason for such a loss in value for ETH, except only to comply with saying that the market is always right. Market is still in a sort of vacuum when the price of...
Markets do not favour uncertainty, in which sense, capital preservation currently plays a more important role from returns on capital. Last week there was a further decrease in the value of both equities and crypto currencies, but the only assets that gained in value were US Treasury bonds. Capital flow currently goes to Treasury bonds as a means of capital...
Last week in the news Financial markets ended the second quarter with extended losses, pricing high inflation, fears of recession and monetary moves. So called “crypto winter” is still holding. Bitcoin is finishing the week testing $20K support, while Ether is still holding modestly above $1K. Implications of crypto market losses since the beginning of this...
Two weeks ago LINK reached its lowest level at $5.5 and started a short price reversal to the upside. However, moves to the upside were extremely shy, so LINK managed to reach its highest weekly level at $7.3. Long term resistance line at $8 has not been tested on this occasion. At this moment, it is more than evident that the market is lacking strength for clear...
During the previous week ADA managed to regain some of the value compared to the week before. However, it was such a shy move, which shows that ADA is still missing market strength to make real rebound and erase losses from the previous period. ADA started the week testing resistance line at $0.50, then reverted to the downside and $0.45 level, in order to finish...
During the previous week there was positive news for Binance exchange, that the company is planning to expand its business introducing a platform for VIP and institutional clients. It was also positive that the company is hiring professionals from the crypto industry during a period of time when the majority of its competitors are decreasing in number of...
It was a positive week for XRP, as the coin managed to regain some 20% in value within a single week. After a strong push of the price since the end of March this year, it seems that XRP is ready to finally stabilize the price, after reaching a minimum level at $0.30. During the first part of the week, XRP was traded sideways, without strength to make a move...
Ether is finally picking up some of the strength, which was significantly lost during the previous period. In relative terms, the coin outperformed Bitcoin, but this time in a positive manner, gaining more than 26% in value in a single week. At the same time, ETH short term futures were up by some 11%, expressing market positive expectations for this coin in the...
During the previous week modest rebound on financial markets was evident; however, higher level of optimism is missing. For some time, inflation fears were driving the market sentiment, while recently fears of recession were the main topic among financial professionals. Coming potential slowdown in economic activity will impact profits, which could be a major...
Last week in the news Markets were closed higher on Friday, after a period of strong negative sentiment caused by FED`s moves and rhetoric around surging inflation. The US equity market was up by some 3% on Friday. Bitcoin moved above the $20K support line, while Ether manages to hold above $1K. Regardless of Friday`s modest rebound on financial markets, the...
During the previous week LINK lost some 20% in value from the week before. If we take into account general market circumstances and strong downtrend on the crypto market, this was not such a bad performance. This comes especially as LINK was traded in a sort of mixed mode, with equal share of both selling and buying orders. Of course, there is some probability...
If we take into account general market sentiment and developments during the previous week, it could be noted that ADA outperformed the market by dropping less than many other coins. The price went down from $0.56 to $0.44, where on Tuesday and Wednesday buying orders dominated the market. Regardless of the drop in the price, ADA was traded in a mixed mode, which...
Within a single week BNB lost some 29% in value. This came as a result of the negative market sentiment and general push of asset prices to the downside. BNB started the week testing $250 support line but soon managed to break it and finish the week around $190 next support. During the whole week RSI was moving in the oversold territory, around level of 23....
During the previous week XRP was following general market sentiment and finished the week 17% lower from the end of a week before. On a positive side, XRP managed to lose lower compared with major coins. This probably comes from the fact that XRP previously was following a continued down trend, where the price was already adjusted to the future market...