Bitcoin Teetering At Between Support Pivot & MA Resistance

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”

Crypto.com Partnership to Send CRO on a bull run?

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?”

Q1 Close – Crypto Market Recap

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”

ADA/USD Downside – 30 March 2022

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 Appears Bullish As US Lawmakers Introduce “ECASH” Bill

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”

LTC/USD DOWNSIDE PENDING NOW!

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

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 Downside? 17 Dec 2021

Bitcoin is in a very red market this week, and we’re looking for the downside to continue further, below the $40,000 mark. Technically the coin is holding below the 50% fibo level resistance. The RSI is also now trading at bearish levels, as is the MACD. Price is also capped below the resistance trendline. DownsideContinue reading “BTC/USD Downside? 17 Dec 2021”

ADA/USD STRIKES SUPPORT! Upside To Come?

The cryptocurrency market is on sale at the moment and Cardano (ADA) is no exception. Price has taken a plunge into a key demand zone around the $1.20 – $1.00 price zone. At this price ADA is certainly deemed cheap, and these relatively low prices won’t last for long. Technically speaking The RSI is showingContinue reading “ADA/USD STRIKES SUPPORT! Upside To Come?”

SOL/USD Upside – 29 Nov 2021

SOL/USD has retraced into the 50% fibonacci support level and trendline support. We’re looking for price to continue upside into the 250 level. Upside Target: 250 Violated below: 180