ADA/USD Approaching Support at $1

Cardano is approaching support again at the key $1 mark (USD). If price is successfully able to break below this mark it is likely that the cryptocurrency will see sustained downside for a longer period of time. Price is holding below the resistance trendline, and was unable to sustain upside into the resistance on theContinue reading “ADA/USD Approaching Support at $1”

SAND/USD Downside? 7 Feb 2022

SAND / USD is currently at resistance in a bearish flag pattern. Technically this pattern is a bearish correction pattern. Price is also at longer term trendline resistance, and structural resistance too. The RSI is indicating overextended upside, and has generated a sell signal too.

BTC/USD Downside! 3 Feb 2022

BTC/USD has now broken the corrective trendline, and we’re looking for the bearish market to continue to the downside. Downside target: $30,200 Violated above: $39,200

ADA/USD Upside – 16 Jan 2022

ADA is making a rebound today out of the daily trendline resistance. I am looking for support to hold, and price to make a bounce in the trading session later today. Technically I’m looking for price to bounce from the key figure of $1.50, which is just above yesterdays Asia Session high & the EUContinue reading “ADA/USD Upside – 16 Jan 2022”

ADA/USD Downside? 17 Jan 2022

Cardano (ADA) has enjoyed a multi day rally however is now losing momentum. Price has been in a bearish market for the last 6 months, and we anticipate this long term trend to continue. Technically price has pulled back into a key structure zone, which is now acting as resistance. Price has also formed aContinue reading “ADA/USD Downside? 17 Jan 2022”

BTC/USD Bouncing from trendline support – what next?

BTC/USD has made a rebound from the daily trendline support, but is still capped by the resistance trendline. We are anticipating upside on bitcoin today on the short term timeframe, but overall are bearish. We’re looking for price to fill the inbalance on the 1H chart (see below). The RSI has also breached overextended levels,Continue reading “BTC/USD Bouncing from trendline support – what next?”

BNB/USD Downside? 10 Jan 2022

BNB (Binance Coin) is trending to the downside currently. Price has pulled into resistance at structure and the 50 hour moving average. I’m looking for downside from the current market price, targeting the 390 dollar mark. My stop is place conservatively above the previous highs, at 460. Violated above: 460 Downside Target: 390

BTC/USD Downside? 3 Jan 2022

Hi all and welcome to the 2022 trading year! We’re kicking off the year by shorting bitcoin. Technical analysis and king shaun lee (@ezracapital on instagram) also has similar bias. Price is holding below the two trendlines (mid & short term) and the structure is bearish. Downside target: 40,000 USD Violated above: 48,400 USD

Money Flowing Out Of Crypto Markets At Record Speed

Digital Asset investments funds saw outflows of USD 142 million last week in the largest weekly outflow on record. Investors pulled money out of funds focused on bitcoin, Ethereum, Solana, Polkadot and other key crypto’s as the market turned red. After a 17 consecutive week run of inflows the tide of investment changed, and reversedContinue reading “Money Flowing Out Of Crypto Markets At Record Speed”

Alt Coins Perform In A Red Market, Inflation Concerns Push Prices Lower

The market is moving. Bitcoin has stabilised slightly around the $47,000 mark following a multi day bear rally. Since printing ATH at $69,000 (Glad to see that crypto traders have a sense of humour) on the 10th of November BTC has dropped to $41,967 and has now stabilised above $45,000. That is a drop ofContinue reading “Alt Coins Perform In A Red Market, Inflation Concerns Push Prices Lower”