BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin slipped below the 34,000 mark on Friday, as markets consolidated ahead of U.S. consumer sentiment figures.
BTC/USD fell to a low at 33,762.32 earlier in today’s session, which comes following a peak at 34,649.40 the day before.
bitcoin continued to pull away from a recent 18-month high, as bears began to gradually seize market sentiment.
This comes as the relative strength index (RSI) remained in overbought territory, with a current reading of 83.68.
Bulls in the market seem reluctant to let go of their positions and have gone on to once again push BTC above 34,000.
BTC remains nearly 15% higher than at the same time last week, despite the recent price consolidation.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- ethereum (ETH) was mostly higher, leading prices back above the 1,800 level.
ETH/USD peaked at 1,865.10 earlier in today’s session, following a low at 1,781.49 on Wednesday.
ethereum rose to its highest level since August when the price hovered below 1,880.
The cryptocurrency has now traded in the green for seven straight sessions, adding nearly 20% to its value during this period.
the 10-day (red) moving average continued to race ahead of its 25-day (blue) counterpart, which is a sign that momentum remains bullish.
the RSI is at 74.90, which could cause current buyers to soon begin to capture gains.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin once again fell below the 35,000 level on Thursday, after a brief stint above this level on Wednesday.
Following a high of 35,133.76 late in yesterday’s session, BTC/USD dropped to an intraday low of 34,151.88 earlier today.
The move saw bitcoin continue to trade close to its strongest point since May 2022, when the price was over 37,000.
bitcoin is now trading at 33,990.55, which comes as the relative strength index (RSI) failed to penetrate the 90.00 zone.
the index is at a reading of 82.99, which remains significantly overbought in the medium term.
Should sentiment begin to truly shift bearish, a floor at 31,000 is the likely target for bears in the market.
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SHIB/USDTR 1DAY UPDATE BY CRYPTOSANDERS Hello friends, welcome to this SHIB/USDT update from Crypto Sanders.
Chart Analysis:- Shiba Inu (SHIB) was another notable gainer on Thursday, as price rose for a second consecutive day.
Following a low of 0.000007429 on Wednesday, SHIB/USD rallied to an intraday high of 0.000008208 earlier today.
today’s gains have sent SHIB to its highest level since August after the price rose by nearly 10% today.
earlier gains have somewhat faded, as a result of the RSI failing to break out of a ceiling at 70.00.
price strength now sits at 69.15, with a floor at 61.00 a likely target should momentum begin to shift.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SOL/USDT update from Crypto Sanders.
Chart Analysis:- Solana (SOL) also rallied higher in today’s session, after climbing above the 33.00 level earlier in the day.
SOL/USD climbed to a high of 33.69 on Wednesday, which comes a day after falling to a low of 29.70.
Today’s surge in price pushed solana to its highest level since last November and comes after a breakout on the RSI.
Price strength broke out of a ceiling at the 73.00 mark, with the index now tracking at a reading of 77.05.
This is a marginal decline from a high of 82.00 earlier this week, which was also a key point of resistance.
In order to move towards a possible target at 35.00, bulls will need to force a surge past the aforementioned 82.00 point.
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LINK/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this LINK update from Crypto Sanders.
Chart Analysis:- Chainlink (LINK) was a notable gainer on Wednesday, as the token rose by as much as 9% in today’s session.
Following a low of 9.84 on Tuesday, LINK/USD rallied to an intraday peak at 11.55 earlier in the day. the cryptocurrency climbed to its strongest point since last year when its price peaked at over 12.00.
the latest surge in price has kept the relative strength index (RSI) above the 80.00 level.
the index is tracking at 81.87, which is its highest point since August 2020, which is deep in overbought territory.
LINK is trading at 11.11,
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) retreated below the 1,800 level on Wednesday, snapping a six-day winning streak.
Following a high of 1,852.68 during yesterday’s session, ETH/USD fell to a low of 1,758.69 earlier in the day.
ETH has since rebounded, marginally, and is now trading at $1,784.57, which is over 3% lower than Tuesday’s peak.
sentiment remains largely positive, with the 10-day (red) moving average extending its upward trend versus its 25-day (blue) counterpart.
Although the RSI in ethereum is also overbought, and tracking above 70.00, bulls could attempt to push the price above $1,900 in this upcycle.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin was trading lower on Wednesday, as traders appeared to have finally decided to secure profits, following recent gains
BTC/USD slipped to an intraday low of 33,278.40 late in yesterday’s session, after an earlier peak above the 35,000 mark.
Although bulls have since pushed the cryptocurrency higher, with the price now at 34,246.74, it remains below the heights seen on Tuesday.
One reason for this is the relative strength index (RSI), which was significantly overbought on Tuesday, tracking around 89.00.
the index is at a reading of 87.22, which is marginally lower, but still remains primed for a reversal.
Today’s speech could be the storm that traders are waiting to clear, before either intensifying recent momentum or selling off further.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) reached 1,800 for the first time in several months, after being the beneficiary of general sentiment around crypto.
ETH/USD rallied to an intraday high of 1,845.99 earlier today, a day after trading at a bottom of 1,664.58.
ethereum reached its highest point since August 13, when the price was marginally below 1,860.
The move saw ethereum climb for a fifth straight session, as the RSI broke out of a resistance at 60.00.
ETH is now severely overbought, with the index now tracking at 76.79.
Bulls broke a ceiling of 68.00 over the last several hours, however it is unlikely that this will be sustained, as profit takers begin to loom.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin bulls pushed the cryptocurrency over the 35,000 level on Tuesday, as momentum over a potential ETF approval intensified.
Following a low of 30,433.32 to start the week, BTC/USD surged to a peak at 35,150.43 earlier in the day.
This resulted in bitcoin climbing to its highest level since May 7, 2022, when the price was trading above 36,000.
Earlier gains have somewhat eased due to several factors, one of which being the relative strength index (RSI) moving deep into overbought territory.
the index is tracking at the 88.60 mark, which is its strongest reading since the start of the year.
BTC is now trading at 34,528.51, as traders have likely started closing off positions, in order to secure profits.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SOL/USDT update from Crypto Sanders.
Chart Analysis:- Solana (SOL) surged significantly higher in today’s session, after finally breaking its long-term ceiling at 25.00.
After trading at a bottom of 24.17 on Thursday, SOL/USD jumped to an intraday high of 27.29 earlier today.
Friday’s move is the highest point that solana has hit since July 20, when the price peaked at 27.35.
As a result of this strong sentiment, SOL has risen into overbought territory, with the RSI climbing to a current reading of 74.60.
A point of resistance now awaits current bulls at the 75.00 mark, and should they prevail, solana could capture 28.00.
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XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this XRP update from Crypto Sanders.
Chart Analysis:- XRP rose to a two-week high on Friday, following a decision by the Securities and Exchange Commission (SEC) to drop its case against Garlinghouse and Larsen.
XRP/USD peaked at 0.5291 earlier in the day, which comes following a low at 0.4831 the day prior.
As a result of today’s high, the ripple rose to its highest point since October 5, when the price peaked at 0.5325.
Earlier gains have now eased, which comes as the relative strength index (RSI) failed to move beyond a ceiling of 57.00.
At the time of writing, price strength is now tracking at 56.32, with the next visible floor at the 50.00 level.
The 10-day (red) moving average has also begun to trend upward, increasing the chances of an upward crossover in the upcoming days.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) was also higher on Friday, with the cryptocurrency once again rising above the 1,600 level.
Following a low of 1,553.03 on Thursday, ETH/USD jumped to a peak at 1,628.61 earlier in the day.
This resulted in ethereum climbing to its highest point since the start of the week, when price was over 1,640.
Today’s hump comes days after bulls rejected a breakout below a support point of 1,540, and they now look to be targeting resistance of 1,650.
In order to get there, the RSI, which is currently reading at 51.81, will need to move beyond its own ceiling at 55.00.
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|BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin surged to a multi-month high in today’s session, as markets remained optimistic that the SEC could soon approve several spot bitcoin exchange-traded funds (ETFs).
BTC/USD surged above 30,000 as sentiment grew, reaching 30,104.09 earlier today.
This comes following a low of 28,449.96 on Thursday, with today’s peak the strongest point Bitcoin has hit since July 23.
the breakout of a ceiling at 69.00 on the relative strength index (RSI) also contributed to the gains.
price strength is now at 71.14, which is in overbought territory.
There has also been some slight profit-taking in the market, with bitcoin now trading at 29,475.77.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) on the other hand, fell for a third straight session, as the cryptocurrency collided with a long-term floor.
After hitting a high at 1,580.26 on Wednesday, ETH/USD plunged to an intraday low of 1,543.59 earlier today.
The move saw the world’s second-largest cryptocurrency close in on a support point at the $1,540 mark.
This comes as the 10-day (red) moving average continued to trend lower and extend its downward cross with the 25-day (blue) trend line.
The last time bears forced a breakout below the aforementioned floor, ethereum went on to fall to a seven-month low.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin snapped a two-day losing streak on Thursday, as markets reacted to comments on spot bitcoin ETFs from SEC Chair Gensler.
BTC/USD peaked at 28,566.75 on the news, following a low of 28,174.25 during Wednesday’s session.
Today’s move comes as bitcoin bulls pushed the price back above a recent floor at the 28,200 level.
the bounce comes as the 14-day relative strength index (RSI) jumped to a support point of its own at 63.00.
the index is tracking at 64.35, which is marginally below the next point of resistance at 65.00.
In order for bullish momentum to intensify, this ceiling will first need to be broken in the coming hours or days.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:- ethereum (ETH) made slight gains on hump day, as it continued to hover around the 1,580 mark.
Following a low of 1,554.40 on Tuesday, ETH/USD climbed to an intraday peak of 1,584.73 during the day.
Earlier gains have since eased, with ethereum now trading at 1,577.40, with short-term bulls still targeting the 1,600 zone.
This may be difficult to achieve as momentum appears bearish, with the 10-day (red) moving average continuing to trend downwards.
Whilst at a reading of 45.75, a ceiling awaits ETH’s price strength at the 49.00 zone, and should it move beyond this, there will likely be an influx of bulls.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) bulls consolidated recent gains on Wednesday, as traders appeared to be capturing profits following recent highs.
BTC/USD edged to a low of 28,172.91 earlier in today’s session, which comes a day after a high of 28,889.01.
Today’s price consolidation comes after the world’s largest cryptocurrency rose to as high as 30,000 earlier in the week.
the decline comes as the 14-day relative strength index (RSI) maintains its position marginally above a floor at the 62.00 level.
the index is tracking at a reading of 62.28, after a failed breakout from a resistance of 65.00 on Monday.
Price may continue to consolidate until either the aforementioned floor or ceiling is broken.
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SHIB/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SHIB update from Crypto Sanders.
Chart Analysis:- (SHIB) rallied for a third straight session on Saturday, as the meme coin jumped nearly 4% higher in the day.
Following a low of 0.000006828 on Friday, SHIB/USD climbed to a peak of 0.000007099 to start the weekend.
This is the highest point that SHIB has hit since Monday, when the price was trading at a high of 0.00000721.
The rally started after bulls rejected a breakout of a floor at 0.00000670 earlier this week, and they now look to be taking the coin to a resistance level of 0.00000760.
it appears that the surge has resulted in the relative strength index (RSI) moving above its own ceiling at 45.00.
price strength is at a reading of 46.39, with the next visible point of resistance at 51.00.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) is largely unchanged at the time of writing, as the cryptocurrency consolidated to start the weekend.
ETH/USD reached a high of 1,571.75 on Friday, it has since fallen to a current reading of 1,546.80.
This is slightly higher than yesterday’s low at $1,538.09, marginally above a support point of 1,535.
The drop in price coincides with the RSI failing to breach its own point of resistance at the 40.00 mark.
price strength is at the 37.46 level, with the 10-day moving average trending downwards.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) retreated below the 27,000 level to start the weekend, after a late surge in price on Friday.
Following a low of 26,686.32 earlier in Friday’s session, BTC/USD peaked at a high of 27,092.70 as the day progressed.
BTC has since slipped, and is currently trading at 26,866.74, it is still higher than yesterday’s bottom.
The consolidation comes as the relative strength index (RSI) continues to hover above a floor at the 45.00 mark.
Whilst now tracking at 46.72, the next target is likely to be at a ceiling of 50.00, and if hit, bitcoin will be back above 27,000.
bitcoin is trading 4% lower than at the same point last week.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:- ethereum (ETH) remained in the red, following the recent decision by the Ethereum Foundation to trade 1,700 tokens.
After a high of 1,596.97 to start the week, ETH/USD retreated to a low of 1,553.01 late in yesterday’s session.
This saw the cryptocurrency hit a one-month low, prompting bulls to buy the dip, and pushing the price to a current reading of 1,580.44.
it seems that the recent decline has pushed the 10-day (red) moving average close to a downward cross with its 25-day (blue) counterpart.
In the event that this occurs, there will likely be further sell-offs, with ethereum almost certainly falling below 1,500.
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