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 Rallies Above $47K, Resistance at $50K

Technical indicators show improving upside momentum.

By Damanick DantesOct 1, 2021

Bitcoin daily price chart (CoinDesk, TradingView)

Markets

Bitcoin Rising Toward $45K Resistance, Support at $40K

Downside momentum is starting to wane after a volatile month.

By Damanick DantesOct 1, 2021

Bitcoin four-hour price chart (CoinDesk, TradingView)

Markets

Bitcoin Consolidates Above $40K Support, Resistance at $45K

Indicators show a period of consolidation could persist given strong resistance above $45K.

By Damanick DantesSep 29, 2021

Bitcoin hourly chart (CoinDesk, TradingView)

Markets

Bitcoin Declines From Resistance, Approaches $40K Support

The intermediate-term trend is weakening, although support at $40K could stabilize the pullback.

By Damanick DantesSep 28, 2021

Bitcoin four-hour price chart (CoinDesk, TradingView)

Markets

Analysts Turn Negative on Ether as Weekly Chart Tips Bearish

Some price-chart readers see the potential for a steep drop in the next few weeks.

By Omkar GodboleSep 27, 2021

Ether's daily and weekly charts showing bearish indicators. (TradingView/CoinDesk)

Markets

Bitcoin Above $42K Support, Resistance at $46K-$48K

Buyers could remain active at support level as the sell-off stabilizes.

By Damanick DantesSep 27, 2021

Bitcoin four-hour price chart (CoinDesk, TradingView)

Markets

Bitcoin Trending Lower on China Crackdown, Support at $36K-$40K

BTC registered a series of lower price highs this month as buyers take profits.

By Damanick DantesSep 24, 2021

Bitcoin daily price chart (CoinDesk, TradingView)

Markets

Bitcoin Recovering, Faces Short-Term Resistance Near $46K

Upside appears to be limited as the largest cryptocurrency trades at $43,700.

By Damanick DantesSep 23, 2021

Bitcoin four-hour price chart (CoinDesk, TradingView)

Markets

Since ‘Golden Cross,’ Bitcoin Is Down 12%; Blame the Fed?

The ostensibly bullish price-chart indicator hasn’t yet produced much in the way of gains for traders of the largest cryptocurrency.

By Omkar GodboleSep 22, 2021

The golden cross in bitcoin's price chart has yet to produce much glory. (Unsplash, modified by CoinDesk)

Markets

Bitcoin Oversold at Support, Resistance at $47K

Bitcoin is the most oversold in two months as buyers defend $40K support.

By Damanick DantesSep 22, 2021

Bitcoin daily price chart (CoinDesk, TradingView)
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