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 Fades From Resistance; Support at $40K

Downside could persist into the Asia trading day.

By Damanick DantesMar 2, 2022

Volatility fades. (meriç tuna/Unsplash)

Markets

Bitcoin Bounce Stalls, Resistance Between $44K and $46K

Buyers could remain active at lower support levels, particularly at $40K.

By Damanick DantesMar 1, 2022

Bitcoin's four-hour chart shows nearby resistance with RSI on the bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Rises Past $40K; Resistance at $43K and $46K

The price jump reflects short-term bullish activity, although upside appears limited.

By Damanick DantesFeb 28, 2022

Bitcoin four-hour chart shows support/resistance. (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Price Jump Faces Resistance at $40K-$46K; Support at $35K

For now, selling pressure has waned, which supports a short-term price bounce.

By Damanick DantesFeb 25, 2022

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

Markets

Bitcoin Selling Intensifies; Support at $30K Could Stabilize Correction

There are initial signs of downside exhaustion, although upside appears limited.

By Damanick DantesFeb 24, 2022

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

Markets

Bitcoin Bounce Fades; Minor Support at $30K-$36K

Sellers could remain active over the short term.

By Damanick DantesFeb 23, 2022

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

Markets

Bitcoin Downtrend Persists; Support at $30K

BTC is 43% off its all-time high near $69K, and upside appears limited.

By Damanick DantesFeb 22, 2022

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

Markets

Bitcoin Under Pressure, Lower Support at $30K-$35K

Momentum signals remain negative, indicating consistent selling pressure over the past month.

By Damanick DantesFeb 18, 2022

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

Markets

Bitcoin Pullback Deepens; Minor Support at $38K-$40K

Sellers remain active at resistance levels, maintaining the short-term downtrend.

By Damanick DantesFeb 17, 2022

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

Markets

Bitcoin Rangebound; Initial Support at $40K

Indicators are neutral as BTC's latest price jump pauses.

By Damanick DantesFeb 16, 2022

Bitcoin four-hour chart shows support/resistance levels (Damanick Dantes/CoinDesk, TradingView)
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