With Bitcoin snapping a fresh ATH above $67,000, market observers now awaited the world’s largest altcoin- Ethereum, to enforce a similar outcome. Currently challenging the upper trendline of its horizontal channel, Ethereum awaited a 60% run up from the breakout point, bringing its price close to $7K. However, a failed breakout attempt could transpire intoContinue reading “Ethereum can aim for $6,500 over the next few months BUT…”

Gavid Wood recently indicated that the DOT treasury currently has 18.9 Million tokens (amounting to $836.9 Million at press time) ready to spend on development of the ecosystem. The fund’s revelation came right before Polkadot’s parachain auctions go live in November, possibly to fuel development prior to the much anticipated event. With the coming weeksContinue reading “What to expect from Polkadot’s price action before parachain auctions go live”

AVAX finally broke out of a descending channel which lasted for nearly a month after September’s ATH. However, MACD’s bearish crossover and an overbought RSI signaled a premature end to AVAX’s price progression. If so, expect AVAX to ease at a support zone between $61.7-$65.2, before gathering momentum for the next upcycle. At the timeContinue reading “This is where Avalanche could stabilize before the next hike”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Binance Coin has extended its horizontal channel for a 10th straight day after rebounding from a near 2-wk low on 12 October. With bears formulating yet another attack at the lower trendline, BNB seemedContinue reading “Binance Coin: Short-sellers can bag 7% profits if this happens”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice A brief pickup yesterday fueled hopes of a northbound breakout for Cardano. However, the move ended in somewhat of a disappointment as sellers remained vigilant at $2.30. Now trading back within the confines ofContinue reading “What Cardano traders must do to be on the safer side”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice October has come bearing gifts for crypto-investors. With Bitcoin hitting a new ATH at $67K and Ethereum not too far behind with fresh levels of its own, investors are geared for an upcoming altContinue reading “Dogecoin’s rally will wait until it negates this bearish setup”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice MATIC was traversing within a horizontal channel after raking in gains post a symmetrical triangle breakout. Bearish divergence on the RSI, along with the 20 and 50-SMA’s interplay, hinted at some southbound price actionContinue reading “Here’s what’s riding on MATIC’s near-term price action”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice LUNA’s price has progressed well over the last couple of days after negating a bearish descending triangle setup on the chart. Arguably, the final hurdles that lay in its path to a new ATHContinue reading “LUNA looks to clear ‘final hurdles’ in anticipation of newer price levels”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice XRP has left its investors rather displeased with the lack of movement recorded over the past couple of weeks. The alt seems to be on standby while the likes of Solana, MATIC, Cardano, andContinue reading “Why XRP needs to break north and should traders be wary”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice With Bitcoin now trading above its May ATH, the market is in anticipation of fresh milestones above the $67k-mark. The Fibonacci Extension tool can be used to plot BTC’s early-September drawdown from $53,000 to $40,000Continue reading “What Bitcoin needs to do before challenging $70,000”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Not yet part of the altcoin rally, Shiba Inu, at press time, was consolidating within a bull pennant and awaited a breakout to catch up to its peers. A decisive close above $0.00003001 wouldContinue reading “Shiba Inu: Why it’s best traders remain on the lookout”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin’s rally to a new ATH spurred the altcoin market to higher levels prior to the weekend. The latest addition to the top-10 squad – Solana – led the charge among altcoins after registeringContinue reading “A 17% hike in 24 hours, but what’s next for Solana”