Axie Infinity is holding the $45 support level today, after a multi-week tumble. Price has tumbled around 30% over the last two weeks after losing $625M to a hacking incident. AXS/USD broke the descending trendline earlier this year, after a multi month bearish market. Price has now traded back into support, raising the question “shouldContinue reading “AXS/USD at Key Support”
The Crypto King, Bitcoin, has dropped below the $40,000 mark again. Price broke below the 50 and 100 day supports yesterday, closing the day down -$3197 (7.54%) from the daily high. Despite the sell-off Bitcoin bulls still have a few reasons to remain hopeful. The first is that during todays trading price has held aboveContinue reading “Bitcoin Teetering At Between Support Pivot & MA Resistance”
Q9 Capital, a crypto investment platform for individuals and institutions, has launched Auto-Invest to deliver systematic investment strategies to the digital asset market and address the growing demand for convenient portfolio management tools in the sector. Traditional finance is awash with passive investment strategies such as exchange traded funds (ETFs) and robo-advisors that have enabledContinue reading “Q9 Launches Automated Portfolio Investments for Crypto Investors”
Crypto.com have been crushing it lately. Over the last two weeks they have announced that they are the main sponsor of the FIFA World Cup Qatar 2022, and a new partnership with Cardlytics, a cash back rewards platform. Is it a great time to buy CRO (Crypto.com’s coin)? It just might be… Crypto.com and FIFAContinue reading “Crypto.com Partnership to Send CRO on a bull run?”
In Q1 we saw some very bearish action for a lot of cryptocurrencies, and one of the bigger losers, Cardano (ADA), dropped around 40% during Q1, before making a recovery. Towards the end of the quarter cryptocurrencies made significant recoveries, with Bitcoin trading back into the quarter open level. Below you can see how Bitcoin,Continue reading “Q1 Close – Crypto Market Recap”
Cardano is at the YTD open price, which we anticipate to act as a resistance. Technically price is also at a support / resistance structure, and the stochastic and RSI are both at overextended levels. Downside target: $0.70 Violated above: $1.40 Entry: At market.
Crypto holders globally have been excited with the recent upturn in popular cryptocurrency markets. A group of US lawmakers have declared that the US Treasury Department may be the right entity to create a digital dollar – not the Federal Reserve. The “ECASH” bill (introduced 28/3/22), as it is being branded, would authorize just that.Continue reading “Crypto Appears Bullish As US Lawmakers Introduce “ECASH” Bill”
Ethereum looks set to take another beating in the coming week, with price still being held below the resistance trendline. Ethereum is currently trading at 2,547 USD, and the resistance trendline lies just above price, capping the upside. We’re looking for a break below the support trendline, with sustained downside to the 1800 level. Entry:Continue reading “ETH/USD – Ready To Drop Again?”
LTC/USD has traded into a key resistance level at the $100 mark. We’re looking for price to bounce from this price towards the downside. Technically price is holding the downtrend, and the $100 figure has been a support / resistance level historically. Downside target: $92.00 Violated above: $104.00 Entry: At Market
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.