Cardano has traded within a down-channel for a month now, with a solitary breakout rejected immediately at $2.37-resistance. Presently challenging the mid-line  of its pattern, ADA needed to tackle its 20-SMA (red) in order to register a new high at the upper trendline. However, weak readings on the RSI and Awesome Oscillator positioned ADA forContinue reading “Why Cardano traders should bid adieu to a possible bullish week ahead”

Tron is set for a bullish week after its price bounced back from a bottom sloping trendline which functioned as support. After overcoming a near-term hurdle present at the 20-SMA (red), TRX would need to overcome some key swing highs to set a fresh local high at the 78.6% Fibonacci level. At the time ofContinue reading “Why Tron is all set for a week of bullish action”

At a time when the top 10 cryptocurrencies traded sideways due to Bitcoin indecision at $59,000, Avalanche continued its rally. It went on to add more value to its staggering rally which has already lifted the price by over 350% since early-September. However, a series of lower peaks on the RSI suggested that AVAX wasContinue reading “Why Avalanche is due for a possible 17-25% correction”

GALA coin was experiencing a massive rally following a down-channel which lasted between 16 September to 16 November. The Ethereum token, which is used as a medium of exchange between Gala games and its participants, has surged by over 340% since its breakout. However, a bearish divergence along the RSI exposed GALA to a near-termContinue reading “GALA set to correct after signalling bearish divergence on the RSI”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Dogecoin has had a woeful November so far. Wider market corrections have slowly eroded DOGE’s value by a total of 26% in the last 20 days. The candles now sit below their daily 20,Continue reading “Dogecoin could accommodate a 16% decline before the next rally”

Following a rebound from the lower trendline of a descending channel, Solana projected its next pit-stop around the $290-mark. A convincing close above the daily 20-SMA (red) would provide confirmation of the favorable outlook and an extension towards the 461.8% Fibonacci level. Should SOL falter at the mid-line of its pattern, the 300% Fibonacci levelContinue reading “This presents major hurdle for Solana, on its way to $300”

Gridlocked between the 20-SMA (red) and 200-SMA (green), Shiba Inu’s price was in a sensitive spot. On one end, an upwards breakout would see SHIB extend its value to the 38.2% Fibonacci level and on the other, a large sell-off would drag its price back to the lower trendline. Shiba Inu 4-hour Chart Shiba InuContinue reading “These Moving Averages can help Shiba Inu traders determine their investment decisions”

While the last 8 days have been rough for Bitcoin Cash, its streak of higher lows remained intact. Following a 26% decline between 11-18 November, a bullish crossover along the MACD and an oversold RSI underpinned BCH’s recovery. The last couple of days have accounted for an 8% surge and more upside awaits BCH overContinue reading “Bitcoin Cash ready for an extended recovery but…”

Ethereum Classic sits on the precipice of an additional 30% market decline as bears prepare to turn the screws below the $43.7 support. For the moment, a lower sloping awaited a fourth retest, should ETC fall prey to near-term woes. From there, a small window of opportunity would present itself but ETC would need toContinue reading “Here’s how Ethereum Classic bulls can negate an additional 30% sell-off”

Chainlink has laid the ground for a recovery following an oversold RSI and a bullish crossover on the MACD. A move above the 4-hour 20-SMA and 38.2% Fibonacci level would open a route towards the $34-mark, provided bulls are able to successfully negotiate past certain swing highs at $30 and $31.5. At the time ofContinue reading “While Chainlink prepares for recovery, long bets still not ideal; Here’s why”

Polkadot has extended losses by 33% over the last two weeks, due to which its 4-hour MACD languished at a near 6-month low. Meanwhile, short-mid term moving average lines have failed to offer any pushbacks after DOT weakened below a long serving upper trendline . Should a recovering RSI now falter around the mid-line, DOT’sContinue reading “Polkadot can make a comeback once it finds itself at this support region”

MANA was positioned for a near-term correction after flashing overbought readings on the 4-hour RSI and Bollinger Bands. The 20-SMA (red) and 50-SMA (yellow) along with the Visible Range’s POC at the 38.2% Fibonacci level were MANA’s best bet for an immediate recovery and an ideal long entry for bullish traders. At the time ofContinue reading “MANA presents ‘ideal’ opportunity for long entry in this region, before next rally”