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LTC/USDT 1DAY UPDATE !!Welcome to this quick LTC/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason for Analysis:-Litecoin (LTC) also moved higher in today’s session, with price climbing by as much as 7%. Following a low of 81.75 on Sunday, LTC/USD raced to an intraday high of 87.54 earlier in the day. This jump resulted in the token reaching its highest point since March 6, which is the last time LTC was trading close to the 90.00 mark. a breakout of the RSI has also occurred here, with a ceiling at 51.00 being broken. price strength is now at the 54.15 mark, with the next visible point of resistance being 58.00. There is a strong possibility that litcoin could move above 90.00 in the coming days. Hit the like button if you like it and share your charts in the comments section. Thank you...
by CryptoSanders9563
SOL/USDT 1DAY UPDATE !!Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this CHART ANALYSIS: Solana (SOL) rose to a one-week high on Monday, as momentum shifted following a recent bear run. SOL/USD surged to a peak of 21.49 earlier in today’s session., which comes after Sunday’s low of 20.65. As a result of this rally, Solana moved to its strongest point since last Monday, when the price was close to 22.00. One of the catalysts of today’s gains came as the 14-day relative strength index (RSI) broke out of a ceiling at 45.00. The index is now tracking at 48.31, which is its highest reading in almost ten days of trading. Should current sentiment extend throughout the week, there is a good chance SOL will be near its long-term resistance at 24.00. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you.....
by CryptoSanders9563
Bitcoin Price Analysis for MayHello, welcome to this BITCOIN update by CRYPTO SANDERS. CHART ANALYSIS:- Current Market Status At the halfway point of May, bitcoin has fallen to a two-month low, as market sentiment shifted bearish, following April’s strong gains. With several key data points all being released in a short window, it was somewhat expected that price uncertainty would be present. The Fed increased interest rates by 25 basis points, days after non-farm payrolls rose to 253,000, versus expectations of 180,000. Since then, inflation fell to 4.9% in April, with many still uncertain as to what the Federal Reserve will do during June’s meeting. May Outlook Bitcoin (BTC) fell to a low of 25,810 last Friday, which came after a breakout occurred at a key price floor of 26,500. This move saw the world’s largest cryptocurrency plunge to its weakest point since March 17, when the price was below $25,000. Since then, BTC has somewhat rebounded, climbing to a peak of 27,527.51 earlier in today’s session. From the chart, one of the catalysts for this move was the 14-day relative strength index (RSI), which rose above a ceiling of 42.00. The index is now tracking at 44.66, with Bitcoin reentering its own support point at 27,500, with bulls seemingly targeting 28,000 in the near term. A big test will be what happens when the RSI reaches a ceiling at 48.00, should it move beyond this, not only will BTC be above 28,000, but, there is a good chance that it could hit 30,000 before the month’s end. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) also posted gains at the start of the week, as it surpassed the $1,800 mark in today's session. ETH/USD reached a high of 1,834.94 on Monday, after falling down to 1,787.54 in less than 24 hours. This is the second day that ETH has gained, and it comes after a recent eight-day losing streak. This resulted in Ethereum falling to its weakest point since March, however, it now appears that momentum has now shifted. Price strength has also increased on Ethereum, climbing above a key point of resistance at the 44.00 level. The index is now tracking the 45.85 mark with the next range at the 50.00 level. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) jumped back above the 27,000 level to start the week, as sentiment showed glimpses of shifting after last week’s bear run. Following a low of 26,762.25 on Sunday, BTC/USD raced to an intraday peak of 27,521.62 earlier in today’s session. The move saw the world’s largest cryptocurrency continue to move away from a floor of 26,500, and a recent two-month low. Monday’s rise in price sees Bitcoin move higher for a second straight day, breaking out of a ceiling on the relative strength index (RSI) in the process. price strength is now tracking at 43.66, which is marginally above the aforementioned resistance at 43.00. Bulls will now likely be looking to reenter the 28,000 level, which was last hit this past Thursday. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) was back above a key price level to start the weekend, as it once again rose above the 1,800 mark. ETH/USD hit a peak of 1,816.06 in today’s session, less than 24 hours after declining to a low of 1,747.94. Bulls have seemingly taken yesterday’s move to a multi-week low as an opportune moment to increase position sizes in ETH. this was helped by the fact that RSI found a stable point of support, which in the case of ethereum was at the 41.00 zone. From the floor, price strength is now taking close to a ceiling at 45.00, and should this be broken, ETH will possibly move back above a key point at 1,830 Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
4
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) moved away from a recent two-month low on Saturday, as bulls opted to buy the recent dip. After falling to a low of 25,878.43 on Friday, BTC/USD rose to an intraday high of 26,989.07 earlier in the day. Today’s rebound sees bitcoin jump back above a key support point at 26,500, following Friday’s breakout. From the chart, it appears that this took place as the 14-day relative strength index (RSI) found a floor of its own at 36.00. price strength is tracking at 37.99, with a ceiling of 43.00 as a possible target. Should bulls lead the charge to this point, it is likely that Bitcoin will be back above the 27,000 level this weekend. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- ethereum (ETH) was also in the red on Friday, as bears continued to control market sentiment. ETH/USD slipped to a low at 1,742.40 on Thursday, following an earlier peak of 1,835.62 the day prior. today’s drop in price saw the world’s second-largest cryptocurrency hit its lowest point since March. A major catalyst to the move was also a breakout on the RSI, which fell out of a support point at the 44.00 zone. Currently, the index is at a reading of 39.04, which is its weakest level since March 11, when ETH traded below 1,500. Ultimately, this could be a long-term positive for bulls, who may move to buy the current dip in price. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
5
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) dropped below the 27,000 level in today’s session, pushing prices to a seven-week low. Following a high of 27,589.92 on Thursday, BTC/USD slipped to an intraday bottom at 26,166.87. As a result of this drop, bitcoin fell to its lowest level since March 17, when the price was below the 25,000 mark. Overall, this latest sell-off coincided with the 14-day relative strength index (RSI) breaking out of yesterday’s floor of 43.00. price strength is tracking at 35.07, which is its lowest point in over two months. Should momentum continue in this current trajectory, there is a possibility that BTC could move toward 25,000 this weekend. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
3
SHIB/USD 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) neared a five-month low on Friday, as markets reacted to the news that Elon Musk will be stepping down as CEO. Musk, who acquired the social media company last year, has been at the helm since the takeover but has found a long-term replacement. Following a high of 0.000008746 on Thursday, SHIB/USD dropped to a bottom of 0.000008549 earlier in the day. As a result of this sell-off, Shiba inu moved close to Monday’s low at 0.00000835, which was the weakest point the meme coin has hit since January. Looking at the chart, this latest move occurred as the relative strength index (RSI) moved deep into oversold territory, with a current reading of 23.02. However, this gives hope to longer-term bulls that a reversal could be on the cards. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
COINBASE:SHIBUSD
by CryptoSanders9563
MATIC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this MATIC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Polygon (MATIC) which is currently the world’s tenth-largest cryptocurrency, fell for a fifth straight day. MATIC/USDT plunged to a bottom at 0.866, less than a day after the token was trading near 0.90. This latest decline in price has pushed Polygon to its lowest point since January 11, when it traded at 0.84. Looking at the chart, this spell of sell-offs has sent the RSI below 30.00, which is deep in oversold territory. The last time price strength tracked this low was back in July 2022, which may give bulls optimism that a reversal could be soon approaching. MATIC is now trading at 0.8723, which is marginally higher than its earlier lows. Hit the like button if you like it and share your charts in the comments section. Thank you
M
by CryptoSanders9563
6
TRON/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this TRON/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- TRON (TRX) soared as much as 2% on Wednesday as the token moved closer to breaking into the top 10 of cryptocurrencies. TRX/USD climbed to an intraday peak of 0.07031 in the first session after hitting a low of 0.06841 on Tuesday. As a result of this jump, TRX is now trading slightly above the long-term resistance at 0.070. It appears that the bulls may aim to not only break above this range but also move up to 0.072, which will take the coin to a three-month high. One of the main hurdles stopping this move is the Relative Strength Index (RSI), which is currently tracking at 59.67, below the 60.00 resistance. If and when price strength moves beyond this point, more bulls will likely re-enter the market. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin continued to consolidate on Wednesday as markets awaited the latest inflation report from the United States. After hitting a high of 27,824.39 on Tuesday, BTC/USD fell to a low of 27,375.60 earlier in today's session. Today's move pushed Bitcoin closer to the key 27,300 support point, although the price bounced back again. Overall, it appears that the previous decline was followed by a breakout in the Relative Strength Index (RSI). Price strength moved below a floor at 43.00 with the index tracking at 42.63 at Bitcoin is now trading at $27,430.96. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- ethereum (ETH) was also in the red on Monday, with prices plunging below 1,900 Following a high of 1,934.00 on Sunday, ETH/USDT dropped by almost 100, hitting a low of 1,839.89 earlier in the day. Similar to Bitcoin, today’s decline saw the world’s second-largest cryptocurrency fall for its third consecutive day. it appears that ethereum bears are now attempting to take the RSI to its own point of support at 45.00. Currently, the index is at the 47.02 level, having recently moved below a higher support point of 49.00. Should price strength hit the target of 45.00, there is a possibility that ETH will be trading under 1,800. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
5
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- The number of jobs added to the U.S. economy came in higher than expected, in many’s eyes justifying the Federal Reserve’s decision to hike interest rates by 0.25%. As a result, BTC/USDT fell to an intraday low of 27,691.26 earlier in today’s session, following a peak of 29,119.38 the day prior. Overall, BTC has now fallen for a third straight session, with this latest drop sending prices to a one-week low. One of the catalysts for the decline was a breakout that took place on the relative strength index (RSI), which fell below a floor of 47.00. the index is tracking at 44.32, with a floor of 42.00 a potential target for bears. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this CHART ANALYSIS: Solana (SOL) remained in the red as the coin extended its recent decline to a third session. After hitting a high of 22.74 on Sunday, SOL/USDT fell to a low of 21.01 earlier in the day. Monday's price drop has sent SOL to its long-term support point of 21.00, resulting in its lowest level since April 26. The coin has rebounded from the previous lows as the RSI has found its own floor at the 44.00 mark. As of writing, price strength is tracking at 44.57, with a range of 49.00 a potential target for the bulls. If momentum picks up, and more bulls re-enter the market, this could lead SOL to climb above 22.00. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you.....
by CryptoSanders9563
XRP/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this XRP/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- XRP, formerly known as Ripple, fell as much as 5% on Monday, while the global market cap fell more than 3% daily. XRP/USDT fell to a low of 0.4333 to start the week in less than 24 hours after touching a high of 0.4606. As a result of this decline, XRP moved to its lowest point since March 25, breaking the 0.4360 floors in the process. Looking at the charts, the slippage came in the form of the Relative Strength Index (RSI), which broke out from a floor of 39.00. At the time of writing, the index is tracking 36.04, with XRP at 0.4365. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA/USDT update by CRYPTO SANDERS. CHART ANALYSIS:-Cardano formed a bearish head and shoulders formation, which is about to resolve soon. If confirmed, that would mean the price could break lower. ADA also lost 5.4% of its valuation this past week. The key support at 38 cents is critical for this cryptocurrency as it will determine the price action in the weeks to come. The Bears appear to have the upper hand right now, but things could still go either way. Looking ahead, expect volatility to increase as the price approaches the key support. If buyers cannot defend this critical level, then ADA could fall towards 35 cents next. The key resistance is at 41 cents should buyers suddenly return. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
4
XRP/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this XRP/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- XRP is in red and has closed the past seven days with a 1.5% loss. The price appears on its way to test the key support at 43 cents. This would be the second time XRP tests this support, and could turn out to be a bearish move if buyers don’t return. The key resistance is quite some distance away at 48 cents. The momentum indicators, such as the MACD and RSI, are also bearish, with the RSI falling under 50 points. XRP’s failure to sustain its price above 50 cents in April was a bearish signal, and the market did not hesitate to react. Looking ahead, bears appear to have the upper hand right now, and a break of the key support could see this cryptocurrency go to 40 cents next. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
3
ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum Analyzing the daily chart, the price previously formed a higher pattern before experiencing a significant decline. The 50-day moving average at $1.8K acted as a support level, casting a significant shadow on the daily charts and substantial volatility on the lower time frames. Currently, ETH is confined within a narrow dynamic range between the 50-day EMA, which is currently at $1931, and the key resistance area at $2K. If the price manages to overcome the $2K resistance and surpass its previous high at $2.1K, it could potentially trigger an extended rally. Conversely, if there is a break below the 50-day EMA, the 100-day moving average at $1.7K will become a primary support level. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin After finding support at the 50-day moving average of around the price started a steady increase, aiming to cross the $30K area for the second time. However, bitcoin failed to overcome this important resistance area, resulting in a slight decline. Nevertheless, BTC price is currently consolidating within a tight range of the 50-day moving average at $28K and $30K. A breakout beyond the $30K area would significantly impact market sentiment, as it is a key psychological resistance. Conversely, a drop below the 50-day moving average could result in volatility and consolidation in the lower price ranges. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) also made a comeback on Hump Day as the bulls started re-entering the market. ETH/USD reached a peak of 1,879.76 on Wednesday, having dropped below nearly 1,800 the day before. This move allowed Ethereum bulls to briefly propel the price above the 1,875 ceiling before retreating as the session matured. Earlier gains were pared down as price strength was unable to overcome a key point of resistance at 48.00, with the index now tracking at 46.99. Despite this, there is still some optimism that Ethereum could move above 2000 later today, ETH is trading at 1,900. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
6
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) rebounded on Wednesday as all attention in the market turned to today's Federal Reserve rate decision. After a low of 27,935.73 on Tuesday, BTC/USD rose to a high of 28,881.30 earlier in the day. This came after Bitcoin rejected a breakout below its long-term floor at 27,600 to start the week. Overall, momentum is little changed, as the 10-day (red) moving average has moved closer to its 25-day (blue) counterpart. Should this crossover to the upside occur, it could be a sign that the bulls need to increase the pressure, potentially taking BTC above 30,000. For this to happen, the Relative Strength Index (RSI) must first cross the ceiling of the 52.00 mark. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you.
BITSTAMP:BTCUSD
by CryptoSanders9563