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 Stabilizes After Sell-Off, Resistance Near $45K-$50K

Oversold signals remain intact, although upside is limited.

By Damanick DantesJan 6, 2022

El gráfico de precios diarios de bitcoin muestra el soporte/resistencia y, en la parte inferior, el índice de fuerza relativa (RSI, por sus siglas en inglés) sobrevendido (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Steady Near $45K Support; Resistance at $53K

BTC is at the bottom of a month-long price range, and upside appears limited.

By Damanick DantesJan 5, 2022

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

Markets

Bitcoin Declines Toward Support at $44K-$45K as Analysts Await Price Bounce

Some price-chart indicators show the potential for a short-term bounce if support holds.

By Damanick DantesJan 4, 2022

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

Markets

Bitcoin Stuck in Range Between $45K Support and $52K Resistance

Price indicators suggest limited downside over the short term as selling pressure slows.

By Damanick DantesJan 3, 2022

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

Markets

Bitcoin Limited to $50K-$55K Resistance as Momentum Slows

Short-term buying could be limited given negative momentum on the weekly chart.

By Damanick DantesDec 17, 2021

Bitcoin weekly price chart (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Oversold Near $46K Support; Resistance at $55K

The cryptocurrency could see a brief price bounce, although sellers remain in control.

By Damanick DantesDec 16, 2021

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

Markets

Bitcoin Rises Toward $50K; Resistance Seen Around $52K

Momentum is also stabilizing after several weeks of low trading volume.

By Damanick DantesDec 15, 2021

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

Markets

Bitcoin Holds Short-Term Support at $46K; Resistance at $50K

The tight price range could persist into the Asia trading day.

By Damanick DantesDec 14, 2021

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

Markets

Ether Breaks Short-Term Bullish Trendline; Support Below $3.3K

The broader outlook remains constructive, one analyst said.

By Omkar GodboleDec 14, 2021

Ether's daily price chart on Dec. 14 showing a dive out from the bullish trendline (TradingView)

Markets

Bitcoin Drifts Lower, Risks Testing $40K Support

A breakdown could damage the intermediate-term trend despite oversold signals.

By Damanick DantesDec 13, 2021

Bitcoin daily price chart shows support/resistance with oversold RSI in second panel. (Damanick Dantes/CoinDesk, TradingView)
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Latest Crypto News

Today
2:11 AM
Negative
Gold tops $5,000 as bitcoin stalls near $87,000 in widening macro-crypto split: Asia Morning Briefing
Bitcoin’s onchain data points to supply overhang and weak participation, while gold’s breakout is priced by markets as a durable macro regime shift.
Yesterday
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.

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