Tag Archives: Price Analysis

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,...

ADA/USD – ADA Bounces From Ascending Price Channel Support Key Support Levels: $2.95 – $3, $3.20, $3.42.Key Resistance Levels: $2.72, $2.58, $2.50. ADA has been trading inside an ascending price channel for the entire period of August. The cryptocurrency recently hit resistance at $2.95, provided by a 1.272 Fib Extension, and rolled over from there over the weekend. Cardano’s price found support at the lower boundary of the ascending price channel and has since rebounded back...

Bitcoin (BTC) Bitcoin is up a small 1% this week after getting rejected trying to breach above the $50,000 mark on Monday. The current high since May now lies at $50,500. Unfortunately, BTC was unable to sustain this level and ended up closing the daily candle beneath $50K. Following the rejection, BTC headed sharply lower: Yesterday it fell back beneath $47,800, recording its weekly low amid $46.3k, however, the bitcoin price managed to close the day on top of the crucial...