Technical Analysis

Technical analysis is a widely used methodology in the world of cryptocurrencies, encompassing the evaluation of various factors to predict price movements and make informed investment decisions. It involves analyzing historical price data, trading volume, and market trends to identify patterns and trends that may repeat in the future. By utilizing statistical tools and chart patterns, technical analysis aims to provide insights into potential price direction and timing. For individuals involved in the crypto space, technical analysis serves as a valuable tool to understand market sentiment and make informed trading decisions. Companies and protocols within the blockchain networks also employ technical analysis to assess market conditions and optimize their strategies. Moreover, crypto exchanges utilize technical analysis to provide users with comprehensive trading tools and indicators, enabling them to make data-driven decisions.

Markets

Bitcoin Holding Support Above $37K; Resistance at $45K

BTC appears to be oversold on intraday charts.

By Damanick DantesApr 18, 2022

Bitcoin four-hour price chart shows support/resistance with RSI on bottom (Damanick Dantes)

Markets

Market Wrap: Cryptos Mixed Amid NFT Slowdown, Meme Coins Surge

During a shortened week in traditional markets, with U.S. stock exchanges closed on Friday, bitcoin struggled for direction, hovering around $40K, while DOGE and SHIB experienced wild swings.

By Damanick Dantes, Angelique ChenApr 15, 2022

Una nueva clase de tokens de memes creados durante la semana pasada les devolvió mucho de su capital inicial a los primeros inversores. (Getty Images)

Markets

Bitcoin Neutral, Support at $37K and Resistance at $46K

Bullish countertrend signals require weekly price closes above $40K.

By Damanick DantesApr 14, 2022

Bitcoin weekly chart shows support/resistance. (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Holding Support at $40K; Resistance at $43K-$47K

Selling pressure has weakened, which could pave the way for a price bounce.

By Damanick DantesApr 13, 2022

Bitcoin daily chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Stabilizes at $40K Support, Resistance at $43K-$47K

Selling pressure could fade over the next few days.

By Damanick DantesApr 12, 2022

Bitcoin daily chart shows support/resistance levels (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Approaches Support Zone at $37K-$40K

BTC is not yet oversold and is roughly two days away from a pause in selling pressure.

By Damanick DantesApr 11, 2022

Bitcoin daily price chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Stalls Below $48K Resistance; Support at $40K-$43K

The current pullback appears to be temporary ahead of seasonal strength.

By Damanick DantesApr 8, 2022

Bitcoin weekly price chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Stabilizes at $43K Support; Resistance at $45K-$48K

Range-bound price action could persist for a few days.

By Damanick DantesApr 7, 2022

Bitcoin daily chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Extends Pullback Toward $40K-$43K Support

BTC broke below a monthlong uptrend.

By Damanick DantesApr 6, 2022

Bitcoin daily chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Range-Bound; Support at $43K-$45K

Buyers could remain active on pullbacks into the Asia trading day.

By Damanick DantesApr 5, 2022

Bitcoin daily price chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)
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Latest Crypto News

Today
7:00 PM
Positive
Solana’s new phase is ‘much more about finance,’ says Backpack CEO Armani Ferrante
The Solana ecosystem has spent the past year doubling down on a financial infrastructure, Backpack CEO Armani Ferrante told CoinDesk.
5:48 PM
Negative
Bitcoin slips below $88,000 amid government shutdown risk and ahead of Fed's first rate decision of the year
Bitcoin and major tokens weakened Sunday as markets positioned ahead of the Federal Reserve’s next rate decision and a heavy slate of Magnificent Seven earnings.
5:23 PM
Neutral
Here's what Fed's highly anticipated rate decision this week means for bitcoin and the dollar
Powell could signal a "dovish pause," but his comments on other issues may temper the bullish reaction in BTC and other risk assets.

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