Published 2 hours ago The V-Top reversal from the $5.7 resistance plummeted the Apecoin price below the $5 support. The altcoin is currently in a retest phase, and the post-retest fall may pull the prices to $4.42 support. Moreover, this level also acts as neckline support for head and shoulder pattern.
Ripple [XRP] is ending the week on a healthy note after what has overall been a bearish week for the crypto market. It experienced noteworthy sell pressure but its bullish performance on 16 September has allowed it to decouple from correlation with the rest of the market. XRP rallied by roughly 8.92% rally on 16 September, recovering from the downside that it registered earlier in the week. Its charts indicate that the bounce back occurred after a retest of its...
Published 1 hour ago The rising Stellar (XLM) price projects a recovery possibility with a double bottom pattern at the $1 mark. With sustained buying, the bulls will retest thW neckline resistance of $1.3 after a 3.3%. However, this low volume recovery lessens the confidence for a bullish breakout, and thus, the interested buyer should wait for a daily candle closing above $1.3.
Published 2 hours ago The XRP/USDT pair has been wavering in a sideways rally for the past four months. However, following the April-May bloodbath, this consolidation represents an inverted pennant pattern. As per the technical setup, this pattern offers a small break or rest period for XRP sellers before resuming the price correction.
As the SEC and Ripple case continues to drag on, new developments are surfacing week-in and week-out. New anonymous players are joining the lawsuit to restrict the exposure to their respective organizations. Safe to say that the case has been brought into life after the release of Motion of Summary Judgement by both parties. At present, a couple of third parties have filed redactions from the SEC and Ripple summary judgements.
As more mainstream financial institutions on the Wall Street enter the crypto financial market, the correlation between cryptocurrencies represented by BTC and ETH and NSDQ increases. The strong interest rate hike by the Federal Reserve and the surge in the US dollar index have brought a more volatile market for the crypto trading.
Chiliz’ CHZ joined the list of the top best performing cryptocurrencies as the weekend rolled in. It managed to pull off a rally by as much as 8.3% in the last 24 hours. This performance would normally be considered mundane in the crypto world but it is trading against the overall market direction. CHZ’s performance is noteworthy because it is among the few cryptocurrencies currently overcoming the prevailing bearish conditions. Chiliz announced on 15 September that it is about to...
Terra Classic [LUNC] is among the more interesting cryptocurrencies that has been in our watch list especially in the first half of September. It has undergone a retracement since then as expected but there are still opportunities around this cryptocurrency. About a week ago, LUNC’s Relative Strength Index (RSI) demonstrated some weakness in the form of lower highs as the price soared. Thus, giving way for short opportunities. That was about a week ago when the price was at the...
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