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.

Bitcoin Holds Support; Approaching $50K Resistance

Bitcoin's uptrend is improving despite brief pullbacks.

By Damanick DantesAug 16, 2021

Bitcoin four-hour chart

Ether Upside Strengthens Relative to Bitcoin

The ETH/BTC ratio is holding support above 0.05 and could face initial resistance near 0.08.

By Damanick DantesAug 13, 2021

Weekly chart of ether-bitcoin (ETHBTC) price ratio.

Ether Holds Long-Term Support Ahead of All-Time High

The uptrend for ether is strengthening after the cryptocurrency avoided a breakdown below a crucial support threshold.

By Damanick DantesAug 12, 2021

Ether weekly price chart shows the cryptocurrency trading above its 40-week moving average.

Bitcoin Avoids Bear Market, Long-Term Uptrend Intact

Resistance near $50,000 to $55,000 could stall the recovery given short-term overbought signals.

By Damanick DantesAug 11, 2021

Bitcoin weekly price chart

Bitcoin Upside Stalls; Lower Support at $38K-$40K

Bitcoin is up about 20% over the past week, compared to a 25% rise in ether, the world’s second-largest cryptocurrency by market value.

By Damanick DantesAug 10, 2021

Bitcoin four-hour chart

Market Wrap: Bitcoin Rallies Ahead of Senate Compromise

Bitcoin and ether remain well bid as U.S. senators reach a compromise on the crypto provision of the infrastructure bill.

By Damanick Dantes, Frances YueAug 9, 2021

Bitcoin 24-hour price chart, CoinDesk 20

Bitcoin Holds Support; Next Resistance at $50K

Buyers could remain active on pullbacks this week as bitcoin cleared important technical levels.

By Damanick DantesAug 9, 2021

Bitcoin daily chart

Bitcoin Returns Above $40K; Faces Resistance at $45K-$50K

Strong overhead resistance could limit price rallies into next week.

By Damanick DantesAug 6, 2021

Bitcoin daily chart

Market Wrap: Ethereum Hard Fork Rally Outperforms Bitcoin

Ether is up 3% over the past 24 hours.

By Damanick Dantes, Frances YueAug 5, 2021

Ether 24 hour price chart, CoinDesk 20

Bitcoin Oversold Bounce Fades, Support at $34K-$36K

Initial support around $34K could stabilize the pullback.

By Damanick DantesAug 5, 2021

Bitcoin four-hour chart

Latest Crypto News

Yesterday

9:00 PM

Negative

Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold

Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash.

7:22 PM

Positive

Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business

Brian Armstrong returns from World Economic Forum with message: traditional finance is taking crypto seriously

6:00 PM

Positive

Agora's Nick van Eck bets on stablecoin boom in enterprise payments

Agora CEO Nick van Eck sees stablecoin adoption shifting to real-world business for cross-border payments.

5:24 PM

Neutral

Ethereum treasury firm buys jet engines amid tokenization push after selling ETH

ETHZilla is betting on bringing real-world assets on blockchain rails after it sold at least $114.5 million of its ETH stash over the past months.

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