Tag Archives: Price Analysis

We saw another week of relatively choppy price action as the major cryptocurrencies failed to chart any serious gain. On the opposite – with a few exceptions, most of the coins underwater. Bitcoin Bitcoin is down by a total of 4.7% this week and is trading inside an ascending price channel as it battles to remain above the upper boundary at around $36,600. The cryptocurrency had an interesting week of trading after meeting the resistance at $40,760 (bearish .382 Fib) last...

ADA/USD – ADA Breaks Crucial $1.80 Resistance Key Support Levels: $1.80, $1.71, $1.60/Key Resistance Levels: $2.00, $2.15, $2.30. ADA found support at $1.40 (.5 Fib) over the weekend and rebounded higher. On Monday, it broke above a descending trend line and climbed above the 20-day MA. It was trying to break resistance at $1.80 (bearish .618 Fib) over the past three days but failed to close a daily candle above the level until today. The resistance at $1.80 stalled the...

BNB/USD – BNB Makes Attempt At Symmetrical Triangle Upper Boundary Key Support Levels: $320, $305, $280.Key Resistance Levels: $360, $388, $400. BNB is currently trading inside a short-term symmetrical triangle pattern. It had rebounded from support at $255 during the capitulation week and pushed higher to meet resistance at $388 (bearish .382 Fib) last week. From there, it headed lower throughout the rest of last week and eventually found support at $305 (.786 Fib). This...

ADA/USD – Bulls Break Higher Above 50-day MA Key Support Levels: $1.50, $1.38, $1.35.Key Resistance Levels: $1.70, $1.80, $2.00. ADA dropped beneath $1.50 (50-day MA) over the weekend but managed to find solid support around $1.35 (100-day MA). This level was further bolstered by a rising trend line that has been in play since the end of April. More specifically, ADA closed the Saturday daily candle above $1.40 (.5 Fib) and rebounded back above $1.50 yesterday. Today, it has...

ADA/USD – Bulls Battle To Maintain $1.50 Key Support Levels: $1.50, $1.38, $1.30, $1.23. Key Resistance Levels: $1.50, $1.60, $1.80. After dropping from the ATH at $2.50 earlier in the month during the crypto washout of May-19, ADA found support and surged higher from $1.23 at the beginning of the week to reach resistance at $1.80 (bearish .618 Fib) on Wednesday. There, it encountered solid resistance and ended up rolling over from there. As of now, the bulls attempt to...

It was another tough week in the cryptocurrency market where almost everything is trading in the red. Here’s how some of the major coins performed over the past seven days: Bitcoin Bitcoin is down by a total of 10.3% over the past seven days of trading as it currently sits around $36,000. The cryptocurrency had spiked as low as $31,185 (downside 1.618 Fib Extension) on Sunday, but the buyers managed to close the daily candle at $34,760 (downside 1.414 Fib Extension). From...

BNB/USD – BNB Rebounds From $255 .886 Fib Support. Key Support Levels: $360, $305, $280.Key Resistance Levels: $388, $400, $442. BNB had already dropped from $680 to reach as low as $560 before the market capitulation last Wednesday. During the crypto-wide sell-off, BNB continued to fall beneath $500 until support was reached at the 200-day MA around $280. It continued to decrease during the remainder of last week until lower support was found at $255 (.886 Fib) on Sunday....

ADA/USD – ADA Reverses At $1.56 Resistance Key Support Levels: $1.45, $1.40, $1.30.Key Resistance Levels: $1.6, $1.75, $1.80. Like most cryptocurrencies, ADA saw a drastic 63% price drop from a high of $2.52 to a low of $0.91 in May. It quickly rebound from the Wednesday price crash to $0.91 as it closed the daily candle above the 50-day MA. Unfortunately, during the remainder of last week, ADA slowly declined into the 100-day MA around $1.30. Yesterday, it found support at...

The past seven days were particularly volatile and, unfortunately for many, bears had the upper hand. Bitcoin dropped to a price not seen since January, while the rest of the market followed. Bitcoin Bitcoin is down another 18.5% this week as it trades near $40,900. The cryptocurrency is now down by a total of around 35% from the $64,895 all-time high set in April. BTC saw an extremely volatile week in which prices dropped as low as $30,000 on Wednesday – hitting levels not...

ADA/USD – ADA Battling To Stay Above 20-day MA Key Support Levels: $1.66, $1.45, $1.40.Key Resistance Levels: $1.80, $2.00, $2.20. ADA set a new ATH price last weekend as it surged into resistance at $2.52 (1.414 Fib Extension). Unfortunately, it could not continue past this level and ended up rolling over at the start of the week to hit $2.00 by Tuesday. On Wednesday, the BTC market crash called every cryptocurrency to capitulate. During this time, ADA slipped beneath the...