Tag Archives: Price Analysis

This week saw nothing but green on the cryptocurrency markets as it seems everything is surging. Ethereum charted a new ATH, as well as many other altcoins, while Bitcoin attempts to reclaim $38K.BitcoinBitcoin saw a 15% price surge this week as the sentiment starts to turn bullish again for the primary cryptocurrency. The coin had been in a consolidation phase since hitting its ATH price at $42,000 last month. Since then, it has pretty much traded sideways within the confines of a descending...

AAVE/USD – Bulls Turn Parabolic Above Ascending Price ChannelKey Support Levels: $445, $400, $378.50.Key Resistance Levels: $500, $520, $548.Aave has turned parabolic after managing to surge by a whopping 72% over the past week alone. The cryptocurrency had been rising throughout January as it remained confined within an ascending price channel.Yesterday, AAVE surge by a total of 27%, allowing the cryptocurrency to reach the upper boundary of this price channel. The further 45% price hike...

BNB/USD: Fresh ATH, $50 Next?Key Support Levels: $48, $47, $46.16.Key Resistance Levels: $50, $51.50, $52.71.Binance Coin had recorded its previous ATH on January 19th, 2021, when it managed to hit the $47 level. From there, it started to head lower until support was found at $38 on January 21st, which allowed BNB to rebound.Over the past week, BNB had climbed by a total of 17%. However, today alone, BNB added 9% to its price to break $47 on the way to a new all-time high price of $49.70, as...

LINK/USD: Short Term Symmetrical TriangleKey Support Levels: $22.4, $22, $20.77.Key Resistance Levels: $24, $24.70, $25.65.LINK started the past week following a strong bullish momentum as it surged to a new ATH price of $25.65 on Monday. However, it failed to close a daily candle above resistance at $24.85 and started to head lower from there.By Wednesday, LINK had dropped into the support at $20.77, the previous ATH Price. It rebounded from there and spiked back above $26 but could not...

BitcoinBitcoin is up by a cool 20% over the past week as it currently trades near the $35,700 handle. The number 1 ranked cryptocurrency had been trapped within a range for the majority of the week as it oscillated between $33,000 and $30,000.Looking at the larger picture, Bitcoin was trading within a descending triangle pattern since hitting the new ATH price at $42,000 in early January 2021. It had spiked beneath the lower boundary of this triangle at $30,000 throughout the week but managed...

During the past seven days, we saw an extended correction in Bitcoin’s price which failed to recover to its previous all-time highs. However, while BTC is down, a lot of altcoins started popping and gaining some serious value. For this week’s analysis, we’ve decided to take a closer look at Bitcoin, Ethereum, Ripple, Polkadot, and Chainlink.BitcoinBitcoin is down by a further 18% this week, dropping by a steep $10,900 to reach a low at $28,900. The cryptocurrency was trading at the upper...

LINK/USD – LINK Retreats From New $24.70 ATHKey Support Levels: $19.20, $18, $17.52.Key Resistance Levels: $20.77, $21.57, $22.82.Despite dropping 20% over the past four days, LINK is still up by a strong 25.6% this week. It had surged higher to break the previous ATH price and set a new one at $24.70.There, it ran into resistance at a 1.272 Fib Extension ad started to head lower. Today, it dropped by a steep 10% as it fell from above $22 to reach the current $19.85 level. Nevertheless, LINK...

DOT/USD – DOT Sets New ATH At $18.15.Key Support Levels: $17.30, $16, $15.35.Key Resistance Levels: $18.15, $18.65, $19.55.Today, DOT surged by 30.5% to set a new ATH price at $18.15. The cryptocurrency is now up by a total of 88% this week after bouncing from support at $8 on Wednesday. From there, it continued higher until it hit resistance at $15.10 (1.618 Fib Extension) on Thursday.It stalled at this resistance yesterday, but today’s 30.5% price surge allowed it to break beyond $15.10 as...

This week has been particularly volatile. Bitcoin went on a massive correction, jumped back to $40K, and dropped again just a few hours ago. The majority of the altcoins followed. Polkadot (DOT), however, went on an impressive rally as can be seen in the below ROI chart for the coins we’ve selected this week.BitcoinBitcoin is down by a concerning 13.8% over the past week as it currently trades beneath $36,000. The downturn for Bitcoin started on Monday when it dropped by a steep 25% to reach...

LINK/USD – LINK Sets Fresh ATH Above $20.77Key Support Levels: $20.77, $20, $19.17.Key Resistance Levels: $21.57, $22.82, $24, $24.70.At the start of January, LINK started to surge higher but became stuck by resistance at $19.17 (bearish .886 Fib Retracement). From there, it started to head lower until support was found at $13 a couple of days ago.LINK bounced from the support at $13.06 on Wednesday and started to push higher. It closed the daily candle yesterday at around $18 and continued...