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Cryptocurrencies

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Technical Analysis – ETHUSD pauses retreat but negative bias holds

Posted on April 28, 2022 at 2:39 pm GMT

ETHUSD (Ethereum) has been trending downwards since early April when the 3,570 region rejected its upside impetus. Although the cryptocurrency found its feet in the last couple of sessions, it currently appears to be lacking the necessary momentum to storm higher. The short-term oscillators reflect that the bearish forces are retaining control. The MACD histogram is currently below both zero and its red signal line, while the RSI is hovering beneath its 50-neutral threshold. Should negative momentum intensify further, the price could challenge the recent [..]

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Technical Analysis – BTCUSD extends sideways move but downside risks linger

Posted on April 22, 2022 at 10:28 am GMT

BTCUSD (Bitcoin) has been trending downwards since late March when further price advances got curbed at the 48,000 region. Although the price has managed to halt its decline and is currently experiencing a consolidation phase, the technical picture seems to be deteriorating for the cryptocurrency. The momentum indicators suggest that bearish forces continue to hold the upper hand. Specifically, the MACD histogram is currently beneath both zero and its red signal line, while the RSI is hovering in the negative zone. Should selling interest intensify further, [..]

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Technical Analysis – ETHUSD rebounds after 50-SMA rejects decline; bias bearish 

Posted on April 14, 2022 at 1:06 pm GMT

ETHUSD (Ethereum) has been experiencing a downside correction after its short-term uptrend stalled at the 3,590 region last week. Although the 50-day simple moving average (SMA) paused the price’s recent pullback, it seems like the cryptocurrency lacks the necessary momentum to push higher. The short-term oscillators reflect that bearish forces retain control. The MACD histogram is currently below its red signal line but above zero, while the RSI is hovering beneath its 50-neutral threshold. Should negative momentum intensify further, the [..]

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Technical Analysis – BTCUSD falls below 45,000; bias weakens

Posted on April 7, 2022 at 7:28 am GMT

BTCUSD (Bitcoin) extended its pullback from the 200-day simple moving average (SMA) below the key 45,000 barrier on Wednesday, raising speculation that selling pressures could further grow in the short term. The momentum indicators endorse the negative momentum in the popular crypto as the MACD has slid beneath its dashed signal line, while the RSI is set to cross below its 50 neutral mark. The 50-day SMA is nearby at 41,744 and unless it stands firm, the bears could pick up steam towards the [..]

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Bitcoin and major altcoins enter a new consolidation phase – Cryptocurrency News

Posted on April 5, 2022 at 1:40 pm GMT

Bitcoin started the week and new quarter at higher levels than those observed at the beginning of the year, erasing its first quarter downtrend. However, despite its recent surge, the king of cryptocurrencies has been rangebound in the last couple of days, with the decline in volatility probably hinting that investors are scrutinizing the current complex market conditions to decide its future price direction. Although most altcoins seem to be following Bitcoin’s price action, there have been a few outperforming [..]

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Technical Analysis – XRPUSD capped by its 200-SMA; bullish bias holds

Posted on March 31, 2022 at 7:35 am GMT

XRPUSD (Ripple) has been gaining ground after its downtrend halted at the six-month low of 0.5500. Although the short-term picture has been improving for the cryptocurrency, the price is currently being held down by its 200-day simple moving average (SMA). The short-term oscillators reinforce the view that bullish forces remain in control. Specifically, the RSI is hovering above its 50-neutral threshold, while the MACD histogram is currently beyond both zero and its red signal line. Should the price continue its [..]

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Bitcoin storms to 2022 peak dragging broader crypto markets higher – Cryptocurrency News

Posted on March 28, 2022 at 2:30 pm GMT

Bitcoin price has been rallying in the past week, trading comfortably above the $47,000 mark in the current trading session. This recent uptrend is largely attributed to a wave of short position liquidations on cryptocurrency exchanges as transaction volume exceeded $120 billion in the past 24 hours. Moreover, most major altcoins exploded to fresh highs, benefiting from Bitcoin’s significant upside breakout. Is this the start of a bullish cycle for cryptocurrencies even though the dust from the war has not settled yet? [..]

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Technical Analysis – ETHUSD ticks upwards but its rangebound pattern holds

Posted on March 24, 2022 at 8:27 am GMT

ETHUSD (Ethereum) has been moving sideways since the beginning of 2022, when its downside trajectory halted. However, the technical picture seems to be improving for the cryptocurrency, with the ascending 50-day simple moving average (SMA) endorsing a bullish near-term bias. The momentum indicators suggest that bullish forces have gained the upper hand. Specifically, the RSI is hovering above its 50-neutral mark, while the MACD histogram is currently beyond zero and its red signal line. Should buying interest intensify further, the recent [..]

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Bitcoin extends sideways move as investors digest Fed’s tightening and war developments – Cryptocurrency News

Posted on March 21, 2022 at 4:51 pm GMT

The ongoing war between Russia and Ukraine has attracted significant buying interest for Bitcoin and most major cryptocurrencies. On the one hand, Russian oligarchs are likely using cryptocurrencies as a wealth preservation tool and a way to evade financial sanctions, while the Ukrainian side is receiving cryptocurrency donations as humanitarian aid. Therefore, considering the surging demand driven by diverse factors, why does Bitcoin fail to rally? Regulatory issues continue to undermine crypto transactions The Central Bank of Russia (CBR) advised major Russian [..]

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Technical Analysis – BTCUSD sets up for next round of volatility

Posted on March 17, 2022 at 4:31 pm GMT

BTCUSD (Bitcoin) has been following a neutral trajectory since the end of January, driving back and forth between the 45,855 and 32,950 boundaries, though a symmetrical triangle started to become evident in March, suggesting that the next round of volatility could soon commence. The momentum indicators provide little clue about which direction the market will take as the RSI keeps fluctuating around its 50 neutral mark, and the MACD is stable just below zero. Yet as long as the former [..]

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