Bitcoin continues to build exceedingly high expectations for November. Heading into a new month on the back of a 30% Return on Investment seen in October, the crypto community seems to be eagerly awaiting the possibility of $100K soon. However, a bird’s eye view of BTC’s 4-hour chart indicated a period of distress. Over theContinue reading “Considering possible scenarios for a Bitcoin break-out in November”

Ethereum Classic was gradually getting back to its feet after a torrid sell-off on 27 October erased 13% of its value and caused a single candlewick drop to 3-month low. Underpinned by a recuperating MACD and RSI, Ethereum Classic did regain footing above $50. However, it needed to overturn its 38.2% Fibonacci level to transitionContinue reading “Is this the only viable trading strategy for Ethereum Classic right now”

Solana has been rather sluggish since showering investors with gains of 42% during late-October. An ATH tagged at $219 was countered by profit-taking , forcing bulls to stay vigilant at a support zone of $177-$185. However, a gradual recovery has been underway since. Now that a descending triangle was negated and the RSI and AwesomeContinue reading “Recovering from a sluggish pace, Solana has these milestones to watch out for”

A series of higher highs and higher lows have set Chainlink up for success as it prepares for a decisive close above the 50% Fibonacci level. However, a risk-off broader market and MACD’s sell signal was expected to keep LINK grounded within a strong support zone before the breakout. At the time of writing, LINKContinue reading “This support zone can maintain Chainlink’s bullish outlook”

While XRP managed to recover lost ground following the 14% plummet on 27 October, the alt was yet to assert itself above key price levels. The next few days would see XRP challenge some crucial near-term barriers, helped by a recovering MACD and RSI. Should upwards pressure waver at these barriers, XRP’s foothold above theContinue reading “After reclaiming the $1-mark, this will help XRP climb up the charts”

Tezos has been itching to break out of its parallel channel which lasted for almost the entirety of October. Over the last five days, bulls formulated two attacks on the upper trendline but sellers responded at certain resistance points, upholding XTZ’s larger downtrend. With another lower low looking imminent, XTZ was expected to tag itsContinue reading “Tezos may need more than mini-rallies to overturn a this trend”

Boasting gains of nearly 100% since mid-October, MATIC has lured investors with its staggering rally. With a symmetrical triangle breakout providing the catalyst of a huge price swing, MATIC climbed to the $2-mark for the first time in nearly 5-months. The alt was now battling a near-term correction in order to stretch its reach aboveContinue reading “MATIC: Traders can place long bets in this zone, before a move towards $3”

Polkadot looked solid since commencing an uptrend during end-September. With a percentage rise of 80% over the last 30 days, DOT just needed to record an additional 17% increase to tag its May ATH. However, a broader market correction combined with red flags on the MACD and RSI suggested some sideways action before DOT breaksContinue reading “Gauging Polkadot’s near-term price action, as new ATH draws closer”

Binance Coin has taken shape within a rising wedge since early-September, snapping consecutive higher highs and higher lows. As the price approached the apex of its wedge following a near 10% surge, contradicting signals between the MACD and RSI suggested that observers might have to wait for a breakout above the 61.8% Fibonacci level. Nevertheless,Continue reading “Binance Coin awaits potential 25% surge from this rising wedge”

Although Cardano drifted within a tight channel in October, sellers have managed to bust open the cracks in the market. The period between 27 October-28 October, saw ADA shed nearly 13% of its value due to a symmetrical triangle breakdown, before a broader market recovery rescued the alt from monthly lows. Despite some buy signalsContinue reading “What will it take for Cardano to reach for the $2.14 – $2.23 zone once again “

Shiba Inu’s phenomenal bull run during October propelled it into the upper echelons of mid-large cap cryptos. For a brief moment, SHIB overtook the likes of Polkadot and Dogecoin on the crypto ladder, before slipping down to the 10th position post a correction. The digital asset finally hit pause after snapping an ATH at theContinue reading “What’s next for Shiba Inu, as it steps on the brakes for now”

Dogecoin was back amongst the gains after recording a 27% jump over the last 24 hours. More importantly, DOGE breached the upper trendline and paved for an extended rally. The coming days would see DOGE challenge some critical price areas to maximize its value. In case DOGE bulls can gather numbers above $0.38, expect DOGEContinue reading “Mapping Dogecoin’s path to $0.445”