Tag Archives: Price Analysis

ADA/USD – New Monthly High and Attempt Break Above 2019 HighsKey Support Levels: $0.104, $0.1, $0.0974.Key Resistance Levels: $0.114, $0.12, $0.123.Cardano bounced from the support at $0.0932 (.5 Fib Retracement) this week, which allowed it to surge by 15%. On the way up, ADA broke above resistance at $0.1 to close the daily candle at the $0.104 resistance yesterday. A bearish .382 Fib Retracement level provided this resistance.Today, ADA continued higher above $0.104 as it makes its pace...

BitcoinBitcoin saw a 5.6% price increase over the past seven days as it finally breaks above the $11,000. The cryptocurrency was trading within a symmetrical triangle pattern since mid-September and struggled to break above this consolidation until yesterday.BTC was trading at the 100-days EMA last Friday as it rebounded from here and started to push higher. On Monday, the coin reached the upper boundary of the triangle and was rejected. This caused it to head toward the lower boundary on...

BNB/USD – Bulls Head Back Toward October HighsKey Support Levels: $27.17, $26, $25.Key Resistance Levels: $30, $31, $32.5.In the last week of September, Binance Coin dropped into the support at $23 and rebounded to reach as high as $29.30 by the end of the month. As October started, BNB headed lower from this resistance but managed to find strong support at the $26 level. A .5 Fib Retracement further bolstered this level at the $25.77 mark.BNB bounced from $26 over the past couple of days and...

BitcoinOver the past seven days, Bitcoin dropped by a total of 2% as it currently trades around the $10,500 level. The week was pretty interesting after it rebounded from a 6-month-old rising trend line last week. After bouncing, it continued higher to reach as high as $10,900 at the start of October.Unfortunately, Bitcoin failed to break resistance at a falling trend line, and it rolled over yesterday to drop back into the support at a long-term rising trend line. These two trend lines...

ADA/USD – Bulls Rebound From 6-Month-Old Rising Trend LineKey Support Levels: $0.1, $0.095, $0.087.Key Resistance Levels: $0.105, $0.114, $0.12.Cardano dropped from $0.125 in early September to initially reach the support at $0.087 (.5 Fib). The coin eventually penetrated beneath this level as we moved deeper into September and it headed lower into the support at $0.075 (downside 1.272 Fib Extension). The support there was bolstered by a 6-month-old rising trend line which allowed ADA to...

Chainlink has now dropped by a total of 27% over the past week as it crashes beneath $9.00 today.The coin is trading at support at the July high-day closing price as the bulls attempt to stall the downtrend.Against Bitcoin, LINK has fallen into the support at the .618 Fib Retracement at 0.000826 BTC.LINK/USD – Bearish Momentum Reaches Oversold ConditionsKey Support Levels: $8.67, $8.05, $7.66.Key Resistance Levels: $9, $10, $10.40.Five days ago, LINK penetrated beneath crucial support at the...

Bitcoin Bitcoin saw a positive 6% price increase this week as it edges its way toward the $11,000 level. The cryptocurrency was trading within a symmetrical triangle pattern last week after consolidating prior for 10-days. This symmetrical triangle broke over the weekend – providing the first signal that BTC was about to push higher. After breaking above, Bitcoin continued to push beyond resistance at $10,600 as it reached resistance at $11,051 (bearish .5 Fib Retracement)...

Binance Coin surged by an impressive 55% this week to a fresh 14-month high, surpassing $32.50.Against Bitcoin, BNB also created a fresh 14-month high as it reached over the 0.003 BTC mark.The latest price increase allowed Binance Coin to escalate back into the top-7 cryptocurrencies by market cap.BNB/USD – Bulls Set Fresh 2020 Highs At $32.57Key Support Levels: $28.38, $27.17, $25.75.Key Resistance Levels: $30, $32.57, $34.37.At the beginning of September, the drop in the price of Bitcoin...

BitcoinBitcoin moved sideways this week as a consolidation pattern appeared in the form of a symmetrical triangle. This triangle is best seen on the hourly charts and is highlighted by the white boundaries.The cryptocurrency dropped by a steep 15% in September from $12,000 to the current $10,260 level. The $10,000 level provided strong support throughout the week and allowed the bulls to start to edge higher again. However, it is still trapped within the confines of the symmetrical triangle,...

Tron saw a healthy 12% price hike today as it reached the $0.0326 level.While the entire top 20 sees negative figures over the past week, Tron managed to remain in the positive by a total of 5%.Against Bitcoin, TRX headed higher since the weekend after it rebounded from 288 SAT to reach 330 SAT today.TRX/USD: TRX Bulls Defend $0.03 With EaseKey Support Levels: $0.032, $0.03, $0.028Key Resistance Levels: $0.035, $0.04, $0.0436.TRX was pushing higher toward the end of August and managed to...