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

These 3 Charts Explain the 'Coinbase Premium' on Its Stock Price

Coinbase is not an "exchange." Its valuation points to different analogies in traditional finance and the desire for a passive, diversified investment in crypto.

By Galen MooreApr 16, 2021

Coinbase revenue vs. bitcoin price (quarterly chart)

Markets

Bitcoin Recedes From All-Time High; Approaching Support

BTC is roughly 7% lower from its all-time high, similar to the April 1 pullback.

By Damanick DantesApr 16, 2021

Markets

Bitcoin Struggles Around All-Time High Resistance; Support Within Reach

BTC buyers take profit, but selling should be limited around $61K support.

By Damanick DantesApr 15, 2021

Hourly BTC chart shows support and resistance levels with RSI.

Markets

Bitcoin Pauses After Breakout to All-Time High, Support Around $62K

BTC buyers have taken some profit, but support is nearby.

By Damanick DantesApr 14, 2021

Markets

Bitcoin Breaks to All-Time High, Ending Three Months of Consolidation

Bitcoin made a fresh all-time high after breaking above $60K and ending three months of consolidation. Next resistance around $68K-$70K.

By Damanick DantesApr 13, 2021

Markets

Bitcoin Struggles Near $60K; Short-Term Support Around $58K

Bitcoin struggled near $60K again; support is nearby around $58K as buyers take some profit.

By Damanick DantesApr 12, 2021

Markets

XRP's Price Can Go ‘Boatload’ Higher: Veteran Analyst Peter Brandt

XRP has rallied by over 50% so far this week, for a market value of $37 billion.

By Omkar GodboleApr 9, 2021

Does the XRP chart look like an inverted head and shoulders?

Markets

Bitcoin Holds Support; $60K Resistance Within Reach

BTC is attempting to break above a series of lower price highs since April 1, which suggests buyers are gaining strength as sellers retreat.

By Damanick DantesApr 9, 2021

Markets

Ether’s Record Run Came With Less Support Than Bitcoin’s, Blockchain Analysis Shows

Philip Gradwell of Chainalysis said on CoinDesk TV that “relatively little” ether was bought above $1,850 and even less was bought at $2,000 or above.

By Muyao ShenApr 8, 2021