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Articles by CryptoVizArt

Massive XRP Move Incoming Following 7% Weekly Push? (Ripple Price Analysis)

5 days ago

XRP’s price has been confined within a multi-month sideways triangle pattern, recently converging at a pivotal resistance area near the 200-day moving average and the triangle’s tightening range.
As a result, a breakout seems imminent, poised to determine Ripple’s future trajectory.

By Shayan
The Daily Chart
An analysis of the daily chart unveils XRP’s gradual ascent, resulting in its encounter with a critical resistance zone. It encompasses the significant 200-day moving average, positioned at $0.5664.
Simultaneously, the price has approached the narrowing range of the triangle pattern, heightening the potential for an imminent breakout in either direction.
However, given the formidable resistance currently faced by the price, a rejection appears most likely, potentially

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Ethereum Explodes Toward $3K: Two Things to Watch This Week (ETH Price Analysis)

5 days ago

Ethereum has recently surged with notable momentum, signaling a bullish uptrend.
This increase has seen the price reclaim a critical resistance level, reflecting strong buyer confidence and market participant optimism.

By Shayan
The Daily Chart
A thorough analysis of Ethereum’s daily chart reveals a significant shift in market sentiment, characterized by an impulsive uptrend and heightened bullish momentum.
Accordingly, the price has approached a crucial multi-year resistance zone – the psychological barrier at $2.9K and successfully surpassed it.
This indicates a prevailing bullish sentiment among market participants, with buyers dominating the market. The trend appears sustainable, with eyes set on surpassing the major yearly swing high at $3.6K. However, it’s worth

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Can BTC Bulls Continue the Rally Above $52K or is a Correction Imminent? (Bitcoin Price Analysis)

5 days ago

Bitcoin’s price has been rallying consistently over the last few weeks, breaking past several resistance levels. Yet, some worrying signs are starting to emerge.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has rallied toward the $52K resistance level after a rebound from $40K earlier in January. While the market is testing the $52K level, the Relative Strength Index is demonstrating a clear overbought signal.
This could point to a potential consolidation or correction in the coming weeks. Yet, the $47,500 level can provide support and prevent a deep drop.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour timeframe, the price is currently hovering around the $52K resistance level. The market structure is clearly bullish, as the

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Here’s the First Support in Case BTC Corrects Following the Surge Above $52K (Bitcoin Price Analysis)

9 days ago

After experiencing heightened buying pressure and a robust surge, Bitcoin’s price has breached a significant resistance region, notably the psychological threshold of $50K and the upper boundary of the multi-month ascending channel.
This signals a notable bull market, with investors eyeing the possibility of Bitcoin reaching new all-time highs in 2024.
Technical Analysis
By Shayan
The Daily Chart
Upon careful examination of the daily chart, it’s clear that Bitcoin’s price has embarked on a remarkable, bullish surge, successfully reclaiming the substantial $50K resistance region and surpassing the upper boundary of a long-standing ascending channel.
This indicates a prevailing bullish sentiment among market participants, with anticipation mounting for Bitcoin to set new

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Here’s When XRP Can Surge to $0.6 as Crypto Markets Recover (Ripple Price Analysis)

16 days ago

Ripple has been enduring a consistent downtrend characterized by low volatility and a lack of momentum in its price movement.
However, it has recently found itself at a pivotal support region near the $0.50 mark, potentially poised for a phase of sideways consolidation before its next significant move.

By Shayan
The Daily Chart
Upon a close examination of the daily chart, Ripple’s price trajectory reveals a gradual decline, resulting in its arrival at a crucial support area.
This support zone encompasses the static level of $0.5 and the lower boundary of a multi-month triangle pattern. Given Ripple’s current low volatility and lack of momentum, the most likely scenario in the short term is a period of sideways consolidation before the next directional move.
However, an

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Ethereum Pushes for $2.5K as The Bulls Come Back in Town (ETH Price Analysis)

16 days ago

Ethereum’s recent price action has seen it find support around the critical 100-day moving average, signaling a shift in market sentiment from bearish to bullish. ETH has embarked on a bullish retracement and has now reached a pivotal resistance region, setting the stage for its next move.

By Shayan
The Daily Chart
A comprehensive examination of Ethereum’s daily chart unveils a shift in market sentiment, with the significant 100-day moving average at $2225 providing robust support. Concurrently, Ethereum experienced a rebound, propelling the price toward a critical resistance region, which encompasses the lower boundary of the expanding wedge pattern and the static $2.6K price zone.
Should ETH surpass this critical resistance, it could herald a new phase of bullish

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How Low Will XRP Crash if $0.5 Fails? (Ripple Price Analysis)

22 days ago

Ripple’s recent downtrend has persisted, resulting in the price falling below both the 100 and 200-day moving averages.
Despite this decline, XRP has reached a substantial support region, marked by the triangle’s lower boundary at $0.5, and a short-term reversal is anticipated.

By Shayan
The Daily Chart
A thorough examination of the daily chart reveals a pronounced decline in Ripple’s price, ultimately leading to its arrival at a critical and decisive support region. This support encompasses the static level of $0.5 and the lower boundary of the multi-month triangle. This particular range has effectively blocked bearish attempts over the past year, highlighting heightened demand near the $0.5 threshold.
Consequently, a bullish rebound is expected for Ripple, retracing

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Alarming Similarities With Previous ETH Patterns Emerge: Will $2.3K Hold? (Ethereum Price Analysis)

22 days ago

Ethereum’s price has been rapidly declining recently following a rejection from the $2,750 resistance level. While a further drop is probable in the short term, the overall bullish trend might not be over.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the Ethereum price has been oscillating inside a large ascending channel. The higher boundary of the pattern, paired with the $2,750 resistance level, has rejected the price to the downside.
The market has since dropped below the $2,400 level and is currently retesting it. In case the price fails to climb back above, the likelihood of a further drop toward the 200-day moving average located around the $2,000 level will be significant.
Source: TradingViewThe 4-Hour Chart
The 4-hour chart shows the

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Bitcoin Price Analysis: This Needs to Stop for BTC to Finally Reach $48K Soon

22 days ago

After months of recovery, Bitcoin’s price has failed to break above $48K and has been decisively rejected to the downside.
Yet, the uptrend may be far from over.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been rejected from the $48K resistance level. Yet, the $40K support zone has held the market, preventing a deeper drop. The price consolidates between these two price levels, and breaking out in either direction is likely to dictate the market trend.
If the market breaks the $48K level to the upside, Bitcoin will likely make a new all-time high in the coming months. However, a drop below the $40K level will likely result in a decline toward the 200-day moving average, around the $35K mark.
Source: TradingViewThe 4-Hour Chart

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Bearish Signs Appear as BTC Unable to Claim $43K Successfully (Bitcoin Price Analysis)

24 days ago

After encountering a significant rejection at the $48K resistance level, Bitcoin has recently discovered support near the crucial 100-day moving average, prompting a slight retracement. However, if a pullback materializes, the most likely scenario would involve a renewed bearish leg, targeting significant support at $38K.
Technical Analysis
By Shayan
The Daily Chart
Upon analyzing the daily chart, it becomes apparent that following Bitcoin’s recent setback from the pivotal $48K level, the price sought support around a crucial range defined by the middle boundary of the ascending channel and the significant 100-day moving average at $39K.
Consequently, a slight correction ensued, retracing the price toward the existing fair value gap (FVG) bounded within the $43,578 and

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Is XRP on the Verge of a Massive Bounce? (Ripple Price Analysis)

26 days ago

Ripple’s price has been confined within a symmetrical triangle pattern since the latter half of 2023. However, a recent sharp decline has brought the price to the lower boundary of the triangle, where it may find support in the coming days. The subsequent breakout from this triangle pattern will play a pivotal role in shaping Ripple’s future prospects.

By Shayan
The Daily Chart
A comprehensive analysis of the daily chart shows a noticeable downturn in Ripple’s price, following a successful pullback to the broken 100 and 200-day moving averages.
However, the current price has reached a critical and decisive support region, encompassing the static support level of $0.5 and the lower boundary of the multi-month triangle. This support range is a robust defense against

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Ethereum Pushes Above $2.3K as Bulls Make a Stand, What’s Next? (ETH Price Analysis)

26 days ago

Ethereum’s price has been dropping over the last couple of weeks following a decisive rejection from a significant resistance level. Yet, there are several support levels nearby.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been forming a large ascending channel over the last year. It has recently tested the higher boundary of the channel, which coincided with the $2,750 resistance level and failed to break above. The resulting rejection has been gruesome, and the market has even fallen below the $2,400 support zone.
With the Relative Strength Index showing values below 50%, the price seems likely to decline toward the 200-day moving average, located around the $2,000 level.
Source: TradingViewThe 4-Hour Chart
The 4-hour timeframe

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Bitcoin Soars Toward $43K: How High Can it Get? (BTC Price Analysis)

26 days ago

Bitcoin’s prolonged downward correction has encountered a pause in the vicinity of a significant support area, primarily defined by the 200-day moving average, sparking a slight rebound. However, the recent uptick appears to lack the necessary momentum, suggesting a potential phase of sideways consolidation.
Technical Analysis
By Shayan
The Daily Chart
A thorough examination of the daily chart reveals a temporary halt in Bitcoin’s recent correction near a pivotal support range, indicated by the middle boundary of the ascending channel and the crucial 200-day moving average at $39K. This support prompted an uptick in demand, leading to a slight upward retracement.
With the strength of this support range and the possible presence of substantial demand, it is anticipated to

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Bitcoin Price Analysis: Are the Bulls Back or Will BTC Stall at $42K?

29 days ago

Bitcoin’s price has been making lower highs and lows recently, following a decisive rejection from the significant $48K level.
Investors are now wondering whether the uptrend is over or a new all-time high is still on the cards.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been formed and broken below an ascending channel below the $48K resistance level. This is a corrective (or bearish reversal) pattern, especially in case the price fails to climb back inside the channel.
Currently, The $40K support zone is preventing the market from dropping lower. Yet, with the Relative Strength Index showing values below 50%, the probability of further decline is still considerable.
It’s worth noting that, at the time of this writing, BTC’s price

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How Low Can XRP Plummet if $0.50 Support is Lost? (Ripple Price Analysis)

January 25, 2024

Ripple’s price is continuing its downward momentum on both the USDT and BTC pairs. According to technical analysis, the price is yet to reach a potential turning point on either chart.
Technical Analysis
By TradingRage
Ripple Price Analysis: The USDT Paired Chart
Against USDT, the price has been trapped inside a descending channel over the last few months. Since the breakdown of the 200-day moving average (currently located around the $0.60 mark), the market has been dropping consistently.
However, XRP has yet to reach significant support. While the Relative strength index is entering the oversold region, the market is unlikely to rebound before retesting the channel’s lower boundary.
Source: TradingViewThe BTC Paired Chart
Things are looking quite similar against BTC. The

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Interesting Metric Sparks Hopes for Reversal as ETH Clashes With $2.2K Support (Ethereum Price Analysis)

January 25, 2024

After facing rejection from the formidable resistance zone at $2.6K, Ethereum underwent a substantial downturn, breaking through multiple critical support levels.
However, it has now landed at a substantial and decisive range, suggesting the possibility of a bullish reversal.

By Shayan
Ethereum Price Analysis: The Daily Chart
A detailed analysis of Ethereum’s daily chart reveals a notable rejection after attempting to surpass the $2.6K resistance, resulting in a 20% decline. Concurrently, the price breached two vital support zones, the upper boundary of the multi-month ascending wedge and the lower boundary of the short-term expanding wedge, signaling prevalent selling pressure in the market.
This negative sentiment is further underscored by a significant bearish

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Is Bitcoin About to Drop Lower or is the Worst Over Following the Crash Below $39K? (BTC Price Analysis)

January 24, 2024

Bitcoin’s retracement has expanded, driven by heightened selling pressure, pushing the price toward a pivotal and decisive support region that includes the critical 200-day moving average and the middle boundary of the ascending channel.
The price action within this significant range holds paramount importance in shaping Bitcoin’s future trajectory.
Technical Analysis
By Shayan
Bitcoin Price Analysis: The Daily Chart
Upon analyzing the daily chart, it becomes evident that Bitcoin’s recent correction has extended, resulting in a notable decline. However, the retracement’s downward momentum has been temporarily halted upon reaching a crucial support range, marked by the middle boundary of the ascending channel and the pivotal 200-day moving average at $39K, providing robust

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Is BTC About to Break Below $40K or is the Bull Market Going to Conitnue? (Bitcoin Price Analysis)

January 21, 2024

Despite positive developments such as the approval of Bitcoin spot ETFs by the U.S. Securities and Exchange Commission, Bitcoin’s price encountered significant rejection, resulting in a notable 17% decline.
However, as the cryptocurrency approaches a crucial support region, there is potential for a renewed bullish movement.
Technical Analysis
By Shayan
The Daily Chart
Analyzing the daily chart, Bitcoin’s attempt to overcome the substantial resistance at $48K was met with rejection, leading to a 17% decline towards a critical support region. It includes the middle boundary of the ascending channel and the pivotal 200-day moving average at $39K, serving as robust support for Bitcoin buyers.
If the retracement persists, the price is anticipated to find support around $39K,

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Bull Market Over for ETH Following Drop to $2.4K? (Ethereum Price Analysis)

January 19, 2024

Ethereum’s price has been on the rise over the last few months, breaking through resistance levels one by one. Yet, the cryptocurrency might have reached a potential turning point.
Technical Analysis
By TradingRage
Ethereum Price Analysis: The Daily Chart
On the daily chart, the market has been acting very bullish since breaking the 200-day moving average to the upside. It has been making consistently higher highs and lows, with the Relative Strength Index showing values above 50% the whole time.
Yet, the $2,700 resistance level decisively rejected the price to the downside last week. The market is currently consolidating below the mentioned level. Meanwhile, considering the availability of several support levels, investors can still be optimistic about the short-term

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XRP Bears Target $0.5 as Bulls are Nowhere to be Seen (Ripple Price Analysis)

January 19, 2024

Ripple’s price action against both USDT and BTC has been bearish for the last few months. Analyzing the charts might provide clues on the potential direction of the market in the short term.
Technical Analysis
By TradingRage
Ripple Price Analysis: The USDT Paired Chart
Against USDT, XRP has been on the decline since getting rejected from the resistance $0.7 level. The price has been trapped inside a descending channel, failing to break it to the upside on multiple occasions.
The 200-day moving average, located near the $0.6 price mark, has also been broken, and the market seems more likely to drop toward the channel’s lower boundary and even the $0.43 support area in the upcoming weeks.
Source: TradingViewThe BTC Paired Chart
The BTC paired chart demonstrates a similar

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Bitcoin ETF Aftermath: Is $50K Next? (BTC Price Analysis)

January 12, 2024

Bitcoin’s price has undergone a consistent surge following the recent announcement of SEC ETF approval, reaching a crucial resistance region.
This price range includes the upper boundary of the ascending channel and the static resistance at $48K, presenting challenges in reclaiming this significant level.
Technical Analysis
By Shayan
The Daily Chart
A comprehensive analysis of the daily chart reveals a sustained uptrend in the price, approaching a substantial resistance zone. It is defined by the upper boundary of the ascending channel and the critical $48K threshold, forming a robust barrier for Bitcoin buyers. A successful breakthrough in this crucial area could initiate a profound uptrend, potentially achieving a new all-time high (ATH) for Bitcoin.
However, if sellers

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Calm Before the Storm? XRP Looking Primed for Big Move But Which Way? (Ripple Price Analysis)

January 10, 2024

Ripple has recently faced heightened selling pressure, propelling the price below a crucial support region that includes the wedge’s lower boundary and the 100-day and 200-day moving averages.
However, a completed pullback has recently emerged, confirming the validity of the breakout.

By Shayan
The Daily Chart
The daily chart reveals a pronounced drop in Ripple’s price, breaching its multi-month sideways consolidation range. This occurrence initiated a substantial number of sell-stop orders, intensifying selling pressure and pushing the price below a crucial support area. This support area encompasses the 100-day and 200-day moving averages, along with the lower boundary of the wedge.
Despite this, the cryptocurrency found support at the $0.499 threshold and retraced back

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Is Bitcoin on the Verge of a Massive Rally Following the Surge to $46K? (BTC Price Analysis)

January 8, 2024

Bitcoin’s price is continuing its gradual rise toward the $48K resistance level following a few weeks of consolidation. While the trend lacks momentum, the price might be about to begin an aggressive rally higher.
Technical Analysis
By TradingRage
The Daily Chart
On the daily timeframe, the price has been consolidating above the $40K level for the last few weeks. However, it is climbing higher, approaching the $48K resistance zone.
Meanwhile, the Relative Strength Index is also demonstrating values above 50%, pointing to the fact that the momentum is in favor of the buyers. As a result, a rally toward the $48K level seems probable in the coming weeks.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour chart, it is evident that the price action has been very choppy

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ETH Uncertain Above $2.2K but is a Drop Toward $2,000 in Play? (Ethereum Price Analysis)

January 7, 2024

Ethereum’s price is currently finding it difficult to rally higher following weeks of aggressively bullish price action. Yet, there are still several support levels nearby that could keep the cryptocurrency from dropping lower.
Technical Analysis
By TradingRage
The Daily Chart
On the daily timeframe, the price has been on the rise since breaking above the 200-day moving average and the large descending channel. While ETH is still trading above the key $2,000 level, it is going through a consolidation phase below the $2,400 level, failing to climb higher.
The Relative Strength Index is also hovering around the 50% level, pointing to an equilibrium in momentum. As a result, the short-term price action heavily depends on whether the cryptocurrency drops below the $2,000 level

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XRP Crashes 10% Weekly, How Long Can it Go? (Ripple Price Analysis)

January 7, 2024

Following an extended period of sideways consolidation, the price underwent an unforeseen impulsive cascade, breaching the lower boundary of the range.
Consequently, the market appears to have transitioned into a phase of successive bearish movements, signaling prevailing negative sentiment.

By Shayan
Ripple Price Analysis: The Daily Chart
Examining the daily chart reveals that Ripple has decisively broken below its multi-month sideways consolidation range, experiencing a significant 22% cascade that triggered numerous sell-stop orders. This led to a substantial long-squeeze event, propelling the price below a critical support region encompassing the 100-day and 200-day moving averages, as well as the $0.57 static support range. This support range is pivotal, and a

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Quick Flush or a Sign of Deeper Correction for BTC: Yesterday’s Crash In-Depth (Bitcoin Price Analysis)

January 4, 2024

Bitcoin’s price experienced a massive drop yesterday, fluctuating over 10% in 24 hours. While the cryptocurrency has yet to break below any significant support level, analyzing the root of this move and what it means for the market is essential.
Yesterday’s crash, albeit caused by a questionable report, provides some insightful data from a technical perspective.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, it is evident that the price has been consistently making higher highs and lows for months, rising above $40K once more. The bullish trend has especially gained momentum since breaking back above the 200-day moving average. However, the price is now trading so far above the moving average, which is located around the $32K mark. This significant

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Massive XRP Move Becomes More Likely: What’s the Next Target? (Ripple Price Analysis)

January 2, 2024

Ripple’s price has been navigating an extended sideways consolidation phase, displaying slight volatility. As the price approaches the narrow confines of the symmetrical triangle pattern, the potential for a significant move in either direction becomes increasingly likely.

By Shayan
Ripple Price Analysis: The Daily Chart
A closer look at the daily chart reveals a robust support region comprising the 100-day and 200-day moving averages, along with the lower boundary of the wedge at $0.58. This level has effectively halted multiple bearish attempts, underscoring the existence of substantial demand. Notably, the recent occurrence of a golden cross, where the 100-day moving average crosses above the 200-day moving average, signals a bullish outlook for Ripple’s long-term

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Is Ethereum Finally Going to Break Above $2.4K? (ETH Price Analysis)

January 2, 2024

Ethereum’s price has encountered a significant obstacle at the critical $2.4K resistance, leading to an extended consolidation phase within this pivotal range.
This situation and the bullish sentiment in the futures market have heightened expectations for a potential bullish breakout.

By Shayan
Ethereum Price Analysis: The Daily Chart
A detailed examination of Ethereum’s daily chart reveals an ascending consolidation period, with the price approaching a substantial resistance at $2.4K. This zone includes the static $2.4K resistance and aligns with the upper boundary of a multi-month wedge pattern, forming a robust barrier. Despite this, ETH is displaying bullish momentum, attempting to break above this crucial range. A successful breach could see the price reclaim the

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Is the Bitcoin Bull Rally Dead? Important Pattern Starting to Shape Up (BTC Price Analysis)

December 31, 2023

Bitcoin’s price has been consolidating for a while now, failing to continue the significant bullish momentum observed over the past few months. Yet, things are still looking positive for BTC in the short term.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been aggressively attacking and breaking through resistance levels one at a time. Yet, the market is currently consolidating above the $40K level as the bullish momentum has faded away. The decrease in the relative strength index confirms this idea.
However, the RSI is still showing values above 50%, pointing to the fact that the momentum has yet to shift bearish. Therefore, with a strong support level at $40K, the price is still likely to reach the $48K resistance zone in the coming

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XRP on the Verge of a Major Breakout, but in Which Direction? (Ripple Price Analysis)

December 29, 2023

Ripple’s price has been consolidating against USDT during the past few weeks while remaining clearly bearish against BTC. Analyzing both pairs might provide clues on the future price trend.
Technical Analysis
By TradingRage
Ripple Price Analysis: The USDT Chart
Against USDT, the price has been trapped inside a triangle pattern since November and is yet to break out. While the $0.6 support level has been providing support and preventing a more profound decline, the price has not been able to rebound to the upside and reach the $0.7 resistance zone.
The relative strength index also hovers around the 50% level, offering little insight into the future price direction. Therefore, a breakout to either side would determine whether the price will drop or rally higher.
Source:

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