MATIC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this MATIC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Polygon (MATIC) also hit multi-week highs on Wednesday.
MATIC/USD reached 0.5486 at the start of today's session, bouncing back from a low of 0.536 a day earlier.
The move pushed Polygon to its strongest level since September 8, when the token reached a high of 0.5586.
Earlier gains have faded, and the RSI appears to have failed to break out of its range at the 49.00 mark.
Currently, price strength stands at 47.34, however, momentum remains largely bullish ahead of a potential moving average crossover.
The 10-day (red) and 25-day (blue) trend lines are on the verge of moving up, which could lead to a fresh surge in prices.
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XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, formerly Ripple, was a notable gainer in today’s session, as the token raced to a multi-week high.
Following a low of 0.5092 on Tuesday, XRP/USD raced to an intraday peak at 0.5233 earlier in the day.
As a result of the surge in price, XRP climbed to its highest point since August 31, when the price peaked at 0.5285.
the move came as the relative strength index (RSI) broke free of a ceiling at 48.00.
At the time of writing, the index is tracking at 50.66, with bulls possibly targeting a ceiling at 58.00.
In the event traders reach this target, there is a strong chance XRP will move above 0.5500.
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ETH/USDT 8HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) also slipped lower during today’s session, which can also be attributed to traders opting to secure gains.
Following a high of 1,669.02 on Tuesday, ETH/USD dropped to a low of 1,621.36 earlier in the day.
the world’s second-largest cryptocurrency fell close to a support point of 1,620.
Price has since rebounded, with ethereum trading at 1,631 at the time of writing, owing to bulls choosing to reject a breakout.
An earlier failed breakout attempt seems to be the reason for the decline, with the RSI unable to rise above a ceiling of 49.00.
Price strength now sits at 45.72, with a floor of 40.00 as a possible target for short sellers.
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BTC/USDT 8HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin started the day trading marginally lower, as markets prepared for the highly anticipated Federal Reserve interest rate decision.
BTC/USD dropped to an intraday low of 26,918.32 on Wednesday, following a peak at 27,488.76 the day prior.
the FOMC will give an economic forecast, which could provide some forward guidance on future policy decisions.
One of the catalysts for the drop in price was the relative strength index (RSI), which fell below a ceiling at the 60.00 mark.
The index is now tracking around the 57.08 level and is moving towards a support point at 55.00.
momentum remains largely bullish, with today’s decline largely due to profit-taking ahead of the Fed announcement.
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ETH/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ETH successfully retested above the descending triangle with a decent volume and it also breakout the Ichimoku cloud. Currently, it is retesting above the Ichimoku cloud and an effective retest would confirm the continuation of the bullish move.
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BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- BTC successfully retested above the descending triangle with a decent volume and it also breakout the Ichimoku cloud. Currently, it is retesting above the Ichimoku cloud and an effective retest would confirm the continuation of the bullish move.
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Current Market Status AND September Outlook. !!Hello, welcome to this BTC monthly update by CRYPTO SANDERS.
CHART ANALYSIS:- Current Market Status
The first fortnight of September has been largely non-eventful, with bitcoin mostly
consolidating below 26,500.
This comes as volatility in the market hovered close to a five-year low in August, with trading volume amongst exchanges falling by 52 billion.
as we move into the fall, there has been a slight rise in volatility, mostly led by a rise in both inflation and retail sales in the United States.
Markets have used this as confirmation that the Federal Reserve will hike rates later this week, which could lead to dollar strength.
September Outlook
Bitcoin peaked at 27,414.73 earlier in today’s session, following a low of 24,900 exactly a
week ago.
This has seen BTC/USD reach its highest level since August 31, 2023, and comes as the 10-day (red) and 25-day (blue) moving averages near an upward cross.
From the chart, the potential for this move has been on the cards for a while, however, it has finally taken place as volatility returned to the market.
Additionally, the relative strength index has now also moved past a key point of resistance at 53.00, which has been a thorn in the sight of bulls for the past few weeks.
The next real ceiling lies at 65.00, and should bulls be targeting this, there is a chance bitcoin (BTC) ends the month above 28,300.
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BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BCH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Another big mover on Monday was Bitcoin Cash (BCH), which surged by as much as 5% in today’s session.
Following a low of 205.78 on Sunday, BCH/USD rallied to an intraday high of 221.88 to start the week.
bitcoin cash briefly broke out of a ceiling at 222.00, hitting a three-week high in the process.
This surge has pushed price strength to a collision with a resistance level of its own, at the 60.00 mark.
The index is tracking marginally above this point at 61.44, which is the highest area it has hit since July.
Should it continue to move past the aforementioned ceiling, there is a chance that BCH will be near 240.00 in the coming days.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana bulls pushed the token toward the 20.00 level on Monday, as markets geared up for a key week of U.S. economic data
SOL/USD peaked at 19.95 to start the week, which comes following a low of 18.65 the day prior.
This surge in price pushed solana to its strongest level since September 8 when the price was last above 20.00.
Looking at the chart, the move comes as the 14-day relative strength index (RSI) rose above a key ceiling at the 49.00 mark.
the 50.45 mark with the next visible ceiling at 53.00
In the event price strength rallies beyond this point, SOL will likely be tracking around 20.50.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) also moved higher to start the week, as traders rejected a breakout below the 1,600 point.
Following a low of 1,609.96 on Sunday, ETH/USD rose to an intraday high of 1,653.07 earlier in the day.
This has resulted in ethereum surging to its highest point in the past ten days, closing in on a recent resistance of 1,660 in the process.
Although price strength in ETH has also surpassed an obstacle of its own, it is on the cusp of colliding with another at the 50.00 mark. The index currently sits at a reading of 49.61.
It is likely that a breakout above this mark could lead ETH back above 1,700.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin surged to a multi-week high on Monday, as traders began to anticipate the upcoming Federal Reserve meeting.
BTC/USD rallied to an intraday high of 27,222.98 earlier today, following a low of 26,415.52 the day prior.
bitcoin climbed to its strongest point since August 31, when price peaked at 27,576.
Despite the rise in momentum, bulls may not be satisfied and are likely targeting a ceiling at the 28,000 mark.
Monday’s gain comes as the relative strength index (RSI) jumped past a ceiling of 53.00, and is now residing at 58.25.
A resistance level of 60.00 will likely be the next primary target for bulls in the market.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana (SOL) maintained a bull run of its own today, as it too rose higher for a fourth consecutive day.
Following a low of 18.77 on Thursday, SOL/USD edged to a high of 19.26 earlier in today’s session.
The rally saw solana once again break out of a ceiling at 19.20, however like yesterday bulls were unable to maintain this move.
SOL has since edged lower and is now trading at 18.95, with the RSI hovering near a hurdle of its own.
The index is now tracking at 41.98, which is just below the aforementioned resistance level of 42.00.
In order to push towards 20.00, solana bulls need to force a breakout in the coming days.
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XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP was a notable gainer on Friday, as the cryptocurrency climbed higher for a fourth straight session.
XRP/USD peaked at a high of 0.5051 earlier in the day, which comes a day after trading at a low of 0.4824.
As a result of today’s gains, XRP, formerly Ripple, rose to its highest point since September 1, when the price traded at a high of 0.5115.
the move occurred after the token broke out of a resistance level at 0.4920.
This took place as the relative strength index (RSI) briefly escaped a ceiling of its own around the 38.00 mark.
Price strength now sits at 38.42, with the next visible point of resistance at 42.00.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) rose for the fourth consecutive session as the cryptocurrency remained above the 1,620 support level.
ETH/USD reached a peak of 1,640.52 on Friday, just 24 hours after the price hit a low of 1,618.73.
The above highs took the world's second-largest cryptocurrency to its strongest level in seven days.
Earlier gains have faded somewhat, as traders failed to break the key resistance level of 47.00 on the RSI indicator.
The index is now at a reading of 44.41, with a support point of 40.00 as a potential target.
Sentiment looks bullish, as the upside potential between the 10-day (red) moving average and its 25-day (blue) counterpart remains high.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin remained near a two-week high on Friday, as traders continued to digest the latest US retail sales figures.
Following a low of 26,285.50 on Thursday, BTC/USD rallied to an intraday high of 26,774.62 earlier in today’s session.
This peak saw bitcoin trade at its strongest point since August 31, when the price peaked over the 27,500 mark.
it appears that today’s bullish sentiment comes as the relative strength index (RSI) moved towards a ceiling of 52.00.
price strength is tracking at 51.96, which has led some previous bulls to abandon their positions.
BTC has now retreated to a current level of 26,617.31, however, traders will likely make another run towards 27,000 in the coming days.
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XRP/USDT 1DAY UPDATE !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Detailed examination reveals a multi-week consolidation phase that unfolded after a bullish bounce above the 200-day MA in mid-August. Ripple price saw minor volatility during this consolidation period, remaining close to the 200-day moving average, at around $0.51.
However, the scale tilted in favor of sellers as supply outstripped demand, leading to increased selling pressure and, as a result, a drop below the 200-day moving average. This MA is generally considered an important level of support or resistance, and its violation underlines the prevalence of bearish sentiment in the market, with the potential for further downside.
While a slight upward retracement, creating a pullback towards the broken MA remains a possibility, the overall outlook for Ripple is bearish, with the next likely destination being the critical support area at $0.42. Therefore, the upcoming price action is extremely important, as it could potentially determine the path forward for Ripple.
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SOL/USDT 1DAY UPDATE !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana (SOL) rose for a third consecutive day on Thursday, as the price moved closer to the coveted 20.00 mark.
SOL/USD surged by as much as 5% in today’s session, hitting an intraday peak of 19.27 in the process.
This move comes a day after the world’s ninth-largest cryptocurrency traded at a bottom of 17.96.
Earlier gains in price have started to ease in the last few hours after the RSI closed in on a ceiling of 43.00.
it is at a reading of 41.05, with the token marginally below today’s high, sitting at 18.84.
Although 20.00 is still clearly the short-term target, it will likely take a significant amount of bullish momentum to get there.
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TRX/USDT 1DAY UPDATE !!hello, welcome to this TRX/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Tron (TRX) rose to a multi-week high on Thursday, on the back of reports claiming that the blockchain sees nearly 5 million daily transactions.
TRX/USD peaked at 0.08322 earlier in the day, which comes following a low of 0.08043 the day before.
As a result of today’s gains, tron has now risen to its highest point since July 30, when the price traded at a high of 0.08395.
it appears that bulls are attempting to reach a ceiling at 0.08600, however, a hurdle on the relative strength index (RSI) seems to be preventing this.
Price strength is currently tracking at 67.89, which is marginally below a ceiling at the 68.00 level.
In order for bulls to capture their price target, this aforementioned resistance point will need to be broken.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Additionally, ethereum (ETH) was also in the green on Thursday, as price rose above a recent support point.
ETH/USD reached a high of 1,635.82 earlier in today’s session, less than 24 hours after trading at a low of 1,593.11.
The move resulted in the world’s second-largest cryptocurrency climbing above a key price floor at 1,620.
today’s rally coincided with the RSI moving past a ceiling of its own at the 40.00 mark, and it now sits at 44.00.
This latest rebound has increased the possibility of an upward cross, and should this happen, ETH will be trending closer to 1,700.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin remained in the green for a second consecutive session, ahead of the upcoming U.S. retail sales report. Consumer spending is expected to fall lower, which comes as inflation increased last month.
Following a low of 26,084.80 on Wednesday, BTC/USD surged to a peak of 26,529.50 earlier in today’s session.
Looking at the chart, the surge comes as the relative strength index (RSI) broke out of a ceiling at 45.00.
price strength is tracking at 49.04, which is marginally below a ceiling at the 53.00 mark.
Should it move beyond this, there is a good chance that bitcoin will rise above the $27,000 level in the coming days.
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TON/USD 12hour UPDATE BY CRYPTO SANDERS !!hello, welcome to this TON/USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Toncoin (TON) was one of today’s biggest movers, as markets were buoyed by the news that it was partnering with Telegram.
Following a low of 1.73 on Tuesday, TON/USD rose to an intraday peak of 1.95 earlier in the day.
This surge resulted in toncoin rising by as much as 13%, nearing a recent high of 2.05 in the process.
the move led to the relative strength index (RSI) colliding with a ceiling at the 66.00 level.
Earlier gains have since faded as a result of a failed breakout beyond this point, leading to TON now trading at 1.93.
In order to move above 2.00, the aforementioned ceiling on the RSI must first be broken.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin was once again trading above the 26,000 level in today’s session, as markets prepared for the upcoming U.S. inflation report.
Following a low of 25,781.12 on Tuesday, BTC/USD rose to an intraday peak of 26,451.94 earlier in the day.
The move comes as the world’s largest cryptocurrency continued to move away from a recent three-month low.
Wednesday’s surge in price comes as the 14-day relative strength index (RSI) jumped past a ceiling of 44.00.
the index is tracking at a reading of 47.23, with the next visible point of resistance at the 50.00 mark.
If this level is reached, there is a good chance that BTC will be trading closer to 27,000.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana (SOL) was also in the green during today’s session, as it rebounded from a recent multi-month low.
SOL/USD peaked at 18.66 on Tuesday, which comes a day after the token bottomed out at 17.46.
Monday’s low saw solana fall to its lowest point since June 30, when the price was at a low of 17.12.
Earlier gains have somewhat faded, however, as bulls were unable to penetrate the ceiling at the 19.00 mark.
This has led to traders opting to secure their profits, instead of keeping positions open at this point of uncertainty.
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