Tag Archives: Price Analysis

ADA/USD – Bulls Continue To Defend $2 Key Support Levels: $2, $1.88, $1.80Key Resistance Levels: $2.60, $2.70, $2.80. ADA found support at $2 last week, provided by a .618 Fib Retracement. From there, it rebounded through the week until resistance was met at $2.50 (bearish .5 Fib). Since hitting this level, ADA has rolled over and returned back to around $2. ADA must this level throughout the week to prevent any further declines. It must also break the $2.50 resistance for a...

Ethereum Ethereum is down a sharp 21% this week as the coin sits beneath $3000. The sell-off started on Monday when ETH slipped beneath the neckline of a head & shoulders pattern and the 50-day MA. Initially, the market found support at $3000 but would continue to fall beneath it on Tuesday to find support at $2770 (.786 Fib Retracement). ETH did rebound on Wednesday and Thursday as it climbed back above $3000. However, it lost another sharp 9% today, causing it to break...

ADA/USD – Buyers Rebound From $1.88 Support Key Support Levels: $$2.00, $1.88, $1.80.Key Resistance Levels: $2.20, $2.40, $2.50. ADA bounced by a total of 6% over the past 24 hours since finding support at $2.00 yesterday. The cryptocurrency had broken beneath the 50-day MA on Monday and spiked lower on Tuesday until support was met at $1.88, provided by a 1.414 Fib Extension. The buyers regrouped at $1.88, allowing them to push toward $2.00 when the daily candle closed....

SOL/USD – SOL Heading Lower Inside Descending Price Channel. Key Support Levels: $130, $123, $121.Key Resistance Levels: $150, $160, $180. SOL is down a sharp 18.5% this week as it continues to trend lower inside a descending price channel. It managed to set a new ATH price in the first week of September at $216. Since then, SOL rolled over to form the falling price channel. On Saturday, the cryptocurrency attempted to break the upper angle of the price channel but failed to...

ADA/USD – Buyers Battle To Defend $2 Key Support Levels: $2.05, $2.00, $1.88.Key Resistance Levels: $2.21, $2.33, $2.40. ADA managed to find support at $2 today as it rebounded from the .618 Fib level. The cryptocurrency is still down 10% over the week, $2 is looking to be a promising threshold for the bulls. The cryptocurrency developed strong support at $2.40 last week but fell beneath it over the weekend. During the market capitulation yesterday, ADA dropped below the...

DOT/USD – DOT Breaks Bearish .618 Fib. Key Support Levels: $35.30, $32.55, $30.Key Resistance Levels: $38.65, $40, $42.10. DOT surged above resistance at $30 toward the end of August as it started to climb higher in the first week of September to reach resistance at $35.30 (bearish .618 Fib). However, it could not overcome this level and ended up falling into the 200-day MA around $27.50 during the market crash last week. Since then, DOT solidified the support at the 200-day...

ADA/USD – Bulls Battle To Defend .382 Fib. Key Support Levels: $2.35, $2.20, $2.00.Key Resistance Levels: $2.60, $2.70, $2.80. ADA fell from near $3 last week to spike as low as $1.97 (.618 Fib) during the flash crash. By the end of the week, ADA had established support at $2.35 (.382 Fib) and rebounded from there over the weekend. Unfortunately, ADA could not close above resistance at $2.80 and ended up reversing from there to head back into the $2.35 support, where it...

Ethereum Ethereum dropped a sharp 10% this week as the cryptocurrency currently sits at around $3400. The cryptocurrency surged to $3975 last Friday, where it met the resistance at a 1.272 Fib Extension level. It was unable to overcome it over the weekend and eventually collapsed from there on Tuesday during the market wipeout. ETH dropped as low as $3000 during the sell-off but eventually recovered by the end of the day to close the daily candle at $3428 (.382 Fib). It held...

ADA/USD – ADA Spikes Lower Into .382 Fib Key Support Levels: $2.50, $2.26, $2.00.Key Resistance Levels: $2.76, $3.00, $3.20. ADA has been battling the $3.00 resistance level since the end of August. The coin was trading inside an ascending price channel throughout the entire month, which allowed it to surge above the $3 level. In September, ADA fell beneath the price channel after failing to overcome $3 after multiple attempts over the weekend. Yesterday, it fell into the...

Ethereum Ethereum is up by a very solid 27% over the past week of trading as the cryptocurrency makes its way back to the $4000 level. The cryptocurrency was trading inside an ascending triangle pattern since hitting resistance at $3350 (bearish .618 Fib) earlier in August. On Tuesday, ETH finally surged beyond $3350 to reach $3400. It continued higher throughout the week and continued to surge today to reach the current $3975 resistance (1.272 Fib Extension). Looking ahead,...