ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) rose marginally after the Paypal news, with the price moving away from a recent support point.
Following a low of 1,804.72 to start the week, ETH/USD jumped to an intraday high of 1,836.06 on Tuesday.
Despite the slight rise in price, ethereum continues to trade below a recent resistance level of 1,850.
A positive for bulls, however, comes as the 14-day relative strength index (RSI) broke out of its ceiling at the 43.00 mark.
Currently, the index is tracking at a reading of 43.88, with the next resistance zone near the 50.00 point.
In the event this target is reached, ETH will likely be back above 1,900.
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BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) was back in the green on Tuesday, as the cryptocurrency made marginal gains during today’s session.
The move came as Paypal announced its USD stablecoin, which will be hosted on the ethereum blockchain.
Following the news, CEO Dan Schulman said: “Our commitment to responsible innovation and compliance, and our track record delivering new experiences to our customers, provides the foundation necessary to contribute to the growth of digital payments through Paypal USD.”
BTC/USD rose to a peak of 29,402.65 on the news, following a low of 28,724.14 the day prior.
Today’s peak sees bitcoin trade at its highest point since last Wednesday when it was above 30,000.
Tuesday’s rally has also brought the 10-day (red) moving average to the cusp of an upwards crossover with its 25-day (blue) counterpart.
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BCH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BCH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin cash (BCH) rose by as much as 5% to start the week, despite the wider market mostly trading lower.
BCH/USD jumped to a peak of 242.29 earlier in today’s session, following an earlier low of 219.27.
The move came after BCH briefly broke out of a support point at 220.00, with traders swooping in to buy the dip.
Another catalyst to the surge appears to be the 14-day relative strength index (RSI) moving past a ceiling of 48.00.
Currently, price strength is tracking at 49.48, which is marginally below the next point of resistance at 50.00.
In the event this level is breached, there is a strong possibility that BCH could move towards 260.00.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) was also largely unchanged on Monday, with price trading near a support level of 1,820.
ETH/USD peaked at 1,842.52 earlier in today’s session, following a move to a bottom at 1,824.12 on Sunday.
The price has since tailed off, with ethereum now trading around the 1,833.08 mark,
ETH’s lack of movement comes as the RSI has been unable to break out of a ceiling at the 43.00 zone.
Price strength is now at 42.11, with the next visible floor at 41.00, in the event bears capture market momentum.
Should this occur, a move below 1,800 could be the target.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) continued to hover near the 29,000 level to start the week, as market volatility was mostly muted on Monday.
After Sunday’s low at 28,963.83, BTC/USD jumped to a high of 29,166.82 earlier in today’s session.
The world’s largest cryptocurrency has mostly been trading between a support level of 28,800 and a resistance of $29,500 for the majority of the last week. the relative strength index (RSI) is also tracking near a floor of its own around the 42.00 mark.
In addition to this, the 10-day (red) moving average has begun to flatline following a downtrend, which is a sign of price stagnation.
Consolidation could likely continue until Wednesday’s inflation report in the United States.
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SHIB/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this SHIB/USDT 1DAY chart update by CRYPTO SANDERS.
CHART ANALYSIS:-Shiba Inu (SHIB) jumped to a three-month high on Saturday, with prices surging by as much as 10%.
Following a low of 0.000008551 on Friday, SHIB/USD surged to a peak of 0.000009509 earlier in today’s session.
This resulted in the meme coin climbing to its strongest point since May 6, when the price reached a high of 0.00001007.
the move comes as the 14-day relative strength index (RSI) moved past a resistance level of 67.00.
the index is tracking at 73.62, which is its highest level since February.
Should momentum continue throughout the weekend, the next target for bulls is likely to be a ceiling at 0.00001025.
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DOGE/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this DOGE/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- dogecoin (DOGE) also rose higher today, snapping a three-day losing streak in the process.
DOGE/USD rallied to a high at 0.07628, less than 24 hours after the meme coin was at a low of 0.07279.
As a result of this surge in price, DOGE is now trading at its highest point since Wednesday, after breaking out of a resistance zone of 0.0760.
This coincided with the RSI moving past its own ceiling at the 52.00 mark. It is currently at a reading of 55.84.
Despite today’s rally, dogecoin is still trading nearly 3% lower than at the same point last weekend.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) remained above the 1,800 level, despite bearish sentiment intensifying on Saturday.
ETH/USD dropped to a bottom at 1,817.41 earlier in today’s session, following a peak of 1,847.91 the day prior.
The decline saw ethereum drop close to Tuesday’s low at 1,812, which was the weakest point the cryptocurrency had hit since June 21.
This latest downturn comes as price strength moved below a key support point at the 43.00 mark.
the index is tracking at 41.57.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) dropped to below the 29,000 level on Saturday, as traders continued to digest the latest nonfarm payrolls report.
Following a high of 29,302.08 on Friday, BTC/USD slipped to a bottom of 28,885.34 earlier in today’s session.
This was the first time since Tuesday that the world’s largest cryptocurrency had fallen below 29,000.
Saturday’s decline came as the relative strength index (RSI) moved to a long-term support level of 42.00.
The index is currently tracking marginally below this point, as bears attempt to maintain the current downward momentum.
However, the price has since consolidated, and as of writing is trading above today’s low, with a current price of 29,022.59.
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XRP/BTC 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/BTC update by CRYPTO SANDERS.
CHART ANALYSIS:- Against BTC, XRP’s price has been decisively rejected to the downside by the 2,800 SAT resistance level. The cryptocurrency is currently on a steep downtrend towards the 2,200 SAT area.
In case the level holds, XRP is likely to attempt the 2,800 SAT area again in the next few weeks. Conversely, a breakout below the mentioned level would result in a deeper pullback, with the 50-day moving average being the probable short-term target.
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XRP/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- against USDT, the price has been constantly declining after being rejected from the $0.9 resistance level. The market is likely targeting the 50-day moving average around the $0.6 support level.
The 200-day moving average trending near the $0.5 mark is also another key support that the price would test in case of a breakdown of the 50-day MA. In any case, the market seems more likely to rebound from these levels and start a new bullish phase.
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SOL/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana (SOL) returned to the green during today’s session, snapping a two-day losing streak in the process.
After falling to a bottom of 22.52 on Thursday, SOL/USD climbed to a high of 23.13 earlier in today’s session.
Despite today’s rebound in price, Solana is still trading almost 7% lower than at the same point last week.
The rally began after the RSI bounced from a support level at the 45.00 mark, rising to a current reading of 49.04.
Bulls are likely targeting a move back above the 25.00 level, however, they will first need to move beyond an upcoming wall of 50.00 on the indicator.
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SHIB/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this SHIB/USDT 1DAY chart update by CRYPTO SANDERS.
CHART ANALYSIS:-Shiba Inu (SHIB) rose by over 5% on Friday, on the news that Binance was adding the asset to its Flexible and VIP Loan services.
SHIB/USD hit an intraday peak of 0.000008677 on the news, a day after trading at a low of 0.000008226.
The move resulted in the meme coin hitting its highest point since Monday when it peaked at 0.00000872.
One of the catalysts for the surge also seemed to be a breakout of the 60.00 level on the 14-day relative strength index (RSI).
the index is tracking at 62.20, which is marginally below a higher ceiling of 63.00
Earlier gains have already eased, with traders likely securing profits in anticipation of a collision with this zone.
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XRP/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, formerly Ripple, remained in the red during today’s session, as the price fell to a multi-week low.
Following a high of 0.6971 the day prior, XRP/USD slipped to an intraday low of 0.6589 earlier in the day.
This is the weakest point that XRP has hit since July 13, when the token was trading below 0.4700.
That day also saw XRP hit its highest point since December 2021, after it was ruled by a U.S. judge not necessarily to be a security.
sentiment has been largely bearish, with the latest sell-off coming as the relative strength index (RSI) broke out of a floor at 49.00.
the index is tracking at 48.60, with the next visible point of support at 45.00.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) also moved lower earlier in the day, dropping below a support point of 1,850 in the process.
ETH/USD bottomed out at 1,822.35 during today’s session, following Wednesday’s high at 1,860.19.
As a result of today’s decline, ethereum moved back towards a four-week low at 1,812.
The slippage took place after the RSI fell below a floor at the 45.00 level, and it is now at a reading of 41.93.
Should momentum continue to drop, the next price target will likely be the 1,795 level.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) dropped below the 29,000 zone in today’s session, as bulls appeared to have abandoned their positions following Wednesday’s gains.
After peaking at 29,988.00 yesterday, BTC/USD slipped to an intraday low of 28,946.51 earlier in the day.
This comes as the bullish sentiment surrounding Microstrategy’s latest BTC investment seems to have already faded.
In addition to this, the relative strength index (RSI) failed to move past a key ceiling at 50.00, and has bounded off a floor at 42.00.
the index is tracking at 42.79, with BTC climbing back above the 29,000 mark as a result.
Price may now consolidate, as traders’ attention turns to Friday’s nonfarm payrolls report.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) rebounded from Tuesday’s losses, climbing above the 1,850 level on hump day.
ETH/USD rallied to a high of 1,877.51 earlier in today’s session, following up from a low of 1,817.92 the previous day.
The move saw ethereum bounce back from yesterday’s one-month low and comes as the RSI found a stable floor at 45.00.
the index is now tracking at 45.67, with the next visible resistance level at 50.00
A jump to this point will likely increase ethereum trading above $1,900.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) moved closer to 30,000 on Wednesday, following news that Microstrategy added 12,333 BTC to its books in Q2.
After trading at a low of 28,657.02 on Tuesday, BTC/USD jumped to a high of 29,988.00 earlier in today’s session.
This is the highest point that the cryptocurrency has hit since July 24, which is the last time price traded above 30,000.
After its filings, Microstrategy CFO Andrew Kang said: “Our bitcoin holdings increased to 152,800 bitcoins as of July 31, 2023, with the addition in the second quarter of 12,333 bitcoins being the largest increase in a single quarter since Q2 2021.”
BTC’s 10-day (red) moving average has now started to gradually shift direction, after an extended downtrend.
In addition to this, the relative strength index (RSI) has found a firm support point at the 46.00 level, with price strength now tracking at 47.11.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin (BTC) was in the green to start the week, with the price trading at its highest point since last Friday.
Traders are optimistic heading into August, which has historically been a bullish month for the cryptocurrency.
BTC/USD hit an intraday high of 29,489.87, which comes following a low at 29,059.50 during Sunday’s session.
Bitcoin bulls rejected a breakout below the 29,000 mark, just as the relative strength index (RSI) closed in on a collision with a resistance level at 46.00.
This ceiling appears to be a major obstacle preventing price from moving towards its obvious target at the 30,000 mark.
At the time of writing, the RSI is tracking at 45.97 with bitcoin at 29,362.66.
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TRX/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this TRX/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Tron (TRX) extended a recent bull run for a fourth day, with today’s move taking the token to its highest point since last Sunday
Following a low of 0.08221 on Thursday, TRX/USD climbed to an intraday high of 0.08417 earlier in today’s session.
Tron bulls appear to be targeting a resistance level at 0.0860, which was last hit during last Saturday’s peak of 0.0943.
Since hitting that 20-month high TRX has mostly consolidated, however bullish momentum seems to be gradually returning.
This comes after the relative strength index (RSI) moved beyond a ceiling of its own at 63.00, and is now tracking at 64.84.
If the current sentiment remains, TRX could reach 0.0860 in the coming days.
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SHIB/USDT 1DAY UPDATE BY CRYPTO SANDERS !!
Hello, welcome to this SHIB/USDT 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Shiba Inu (SHIB) rallied to a two-week high on Friday, after breaking out of a key resistance level.
SHIB/USD surged to a peak of 0.000008217 earlier in today’s session, following Thursday’s low at 0.000007754.
Friday’s move came as shiba inu broke out of a key resistance level at the 0.000008000 mark, hitting its highest point since June 15 in the process.
Another reason for today’s action appears to be the relative strength index (RSI) moving above a ceiling of 55.00.
Currently, price strength is tracking at the 60.09 level, which is marginally below a ceiling of 61.00.
Should the Bulls manage to race past this point, there is a good chance the next target price will be 0.000008500.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) traded above its own support point at 1,850 on Friday, as the cryptocurrency continued consolidating.
ETH/USD dropped to a bottom at 1,855.32 earlier in today’s session, a day after peaking at 1,878.43.
The price consolidation comes as the RSI failed to move above a current resistance level of 48.00.
As of writing, the index is on the cusp of crossing this line, however, momentum is still relatively weak.
There could likely be a spark later in the day, depending on how traders react to the University of Michigan Consumer Sentiment report.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) continued to trade above the 29,000 mark on Friday, despite bearish pressure intensifying in today’s session.
After hitting a high of 29,520.71 on Thursday, BTC/USD dropped to an intraday low of 29,099.35 earlier in the day.
The move saw bitcoin briefly fall below a support point at 29,200, however, prices have since climbed back above this point.
This latest slippage comes as the 10-day (red) moving average continued its downward cross versus its 25-day (blue) counterpart.
In addition to this, the relative strength index (RSI) neared a breakout below a floor at 41.00, however, it has so far avoided this.
Should this occur, BTC's next possible destination could be 28,000.
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