MATIC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this MATIC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Polygon (MATIC) was another notable mover on Thursday as the coin also reversed course today.
MATIC/USD touched a peak of 0.8895 at the start of the day, which comes less than 24 hours after trading as low as 0.8591.
As a result of today's surge, MATIC is up 3%, moving away from the recent low of 0.8390 in the process
Earlier gains have been pared down somewhat, which comes when the RSI hits the ceiling of 45.00
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TRX/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this TRX/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Tron (TRX) was slightly higher on Thursday as the coin moved back to one-year highs.
TRX/USD climbed to an intraday high of 0.07819 earlier today after hitting a low of 0.07651
The move came as prices recovered after yesterday's fall, resulting in profit booking.
the upside came as the 14-day Relative Strength Index (RSI) found a support point.
The floor above was at the 70.00 level, which is already deep in overbought territory.
Price strength now tracking 70.42, bears may try to send the coin higher in the coming days.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) Ethereum (ETH) climbed slightly higher on Monday as it bounced off key support points once again.
After a low of 1,793.22 on Sunday, ETH/USD climbed to a peak of 1,820.25 at the start of the day.
The drop saw Ethereum near its recent price bottom at the the1,790 though bulls used this as a signal to re-enter the market.
Nevertheless, the earlier gains have been pared down to some extent, with the index currently trading near the all-time high of 46.00.
For the momentum to accelerate fully, this resistance would need to be broken, which is unlikely to happen until a debt ceiling agreement is reached.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) started the week in consolidation as the market remains hopeful of a deal to raise the debt ceiling in the United States.
BTC/USD fell to a one-day low of 26,549.73, less than 24 hours after hitting a high of 26,986.08.
Monday's move is the third day in a row that BTC has traded below the 27,000 mark.
From the charts, it appears that BTC has now found a solid floor at 26,300, with the price hovering slightly above that point.
To make a significant move, it needs to break the upper limit of 44.00 on the Relative Strength Index (RSI) or the support at 39.00.
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TRX/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this TRX/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Tron (TRX) rose close to an eleven-month high to start the week, following a recent four-day bull run.
TRX/USD rose to a peak of 0.07841 earlier in the day, which comes a day after trading at a low of 0.07271.
As a result of Monday’s move, TRON climbed to its strongest point since June 10 last year.
One of the catalysts of the surge appears to be a breakout that transpired on the relative strength index (RSI).
The index moved beyond the ceiling of 69.00, and as of writing, is tracking at 77.17.
Now in overbought territory, there could be some profit-taking, however, a target of $0.080 still remains a possibility.
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ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Cardano (ADA) ended a four-session losing streak on Monday.
After a low of 0.3573 on Sunday, ADA/USD rose by 2% today, reaching a high of 0.3732.
Today's price rebounded as the bulls rejected the breakout of a floor at the 0.3570 mark.
This coincided with consolidation at an important support point of the RSI, with price strength moving away from the 40.00 mark.
The index is now tracking at 44.29, with a higher range of 49.00 a potential target for the ADA bulls.
If this area is reached, there are relatively good chances that Cardano will trade above $0.3800.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) also trended higher, racing back over the 1,800 level in today’s session.
ETH/USD hit a high of 1,834.27 earlier today, which comes less than 24 hours after falling to a bottom at 1,786.67.
This has resulted in the world’s second-largest cryptocurrency bouncing from a support point at the $1,790 mark
the RSI on ethereum has still yet to move which is at the 47.00 mark.
Price strength is currently at the 45.10 level, and should it cross the line of 47.00, more bulls will likely reenter the market.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN update by CRYPTO SANDERS.
CHART ANALYSIS:- After a low of 26,600.14, BTC/USD rose to a high of 27,465.93 earlier in the day.
Following the recent breakout, this move saw Bitcoin once again climb above the key 27,300 resistance.
the uptrend also extended further with the 14-day Relative Strength Index (RSI) above the 42.00 range.
price strength is tracking at 44.58, and moving closer to the higher resistance area of 49.00.
If the bulls lead the index toward this point, there is a high probability that BTC will reach 28,000.
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ETHEREUM/USDT UPDATE !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) was broadly stable on Tuesday, despite a brief breakout below the 1,800 level.
ETH/USD touched a high of 1,845.70 at the start of the day, leading from a low of 1,797.84 to start the week.
The world's second-largest cryptocurrency has since declined, trading at 1,820.12.
It is close to the lowest price of 1,820, maintained since last Wednesday when the price was on its fifth day of a six-day decline.
Firming up in prices has also contributed to the current volatility. The index is hovering below the critical resistance level.
Should it move beyond a reading of 45.00, there are good chances that ETH bulls will make another run toward the 1,900 level.
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BITCOIN/USDT UPDATE !!Hello, welcome to this BITCOIN update by CRYPTO SANDERS.
CHART ANALYSIS:- consolidated in today’s session, as markets were preparing for the release of the latest U.S. retail sales figures.
As inflation falls, sales for April are expected to rise by 0.8%, following two consecutive months of declines.
Following an earlier high of 27,646.35, BTC/USD slipped to an intraday low of 26,878.95 on Tuesday.
Price has since rebounded, bitcoin is trading at 27,040.23.
A failed breakout of the 42.00 mark on the relative strength index (RSI) appears to have played a pivotal role in today’s decline.
tracking at 41.06, with a floor at 38.00 a potential target, should momentum continue to depreciate.
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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