Tag Archives: Price Analysis

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...

DOT/USD – DOT Setting Fresh ATH Above $11.Key Support Levels: $12, $11.60, $11.Key Resistance Levels: $13, $13.37, $14.08.DOT started to surge higher toward the end of 2020 when it bounced from support at $4.50 (100-days EMA) to reach $9.65 by the end of the year. In 2021, it struggled to break resistance around $10.20 for the first week of January and eventually rolled over earlier this week to drop into the $8.00 support.From there, the cryptocurrency rebounded yesterday as it broke above...

XLM/USD – Bulls Defend Support at $0.27Key Support Levels: $0.27, $0.257, $0.224.Key Resistance Levels: $0.3, $0.325, $0.35.XLM seems to be holding strong at the $0.27 support over the past three days after it surged as high as $0.45 last week. The cryptocurrency could not break a daily candle above $0.35 and started to head lower from there. Nevertheless, it’s up about 50% since the open seven days ago and it’s now facing an important resistance.During the BTC intra-day price drop on Monday,...

BitcoinAfter a substantial 44% price surge this week, Bitcoin continued to set new ATH prices today at $42,000. The cryptocurrency started the year off underneath the $30,000 level after a strong performance in December 2020.From there, it broke $30,000 last Saturday as it continued to push higher. On Monday, there was a brief spike lower toward $28,000, but this was quickly bought up as traders closed that daily candle above $32,000.Throughout the rest of the week, BTC continued to set new...