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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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) After hitting a high of 1,851.19 to start the week, ETH/USD fell to a low of 1,809.19 at the start of the day. Yesterday's decline saw the world's second-largest cryptocurrency down from its long-term price bottom at 1,830.
ETH has rebounded from this floor, as the sentiment remained relatively stable despite the earlier decline.
This happened despite the RSI trading under its own support point at 45.00 with a current reading of 44.30.
More moves could follow after the Fed's decision, with a possible move above 1,900 still on the cards.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) fell below 28,000 on Tuesday as markets prepared for the upcoming Federal Open Market Committee (FOMC) decision.
BTC/USD slipped to a low of 27,680.79 earlier in today's session, which came less than 24 hours after trading as high as 28,626.28.
Bitcoin tumbled to its recent low of around 27,600, hitting a six-day low in the process.
The decline comes when the Relative Strength Index (RSI) broke below a floor of its own at 50.00.
Tracking at 46.17, the next visible support point is at 43.00.
Bitcoin has since moved back above 28,000 and is currently trading at 28,525.91.
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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) was another notable mover on Monday, as the token fell for a third consecutive day.
Following a high of 23.93 on Sunday, SOL/USD slipped to a bottom of 22.05 earlier in the day.
This bearish spell started after bulls were unable to force a breakout beyond a ceiling at the 24.00 mark.
One of the catalysts for this was the RSI, which also failed to surge past a key resistance level at 55.00
As of writing, price strength is tracking at 48.58, with the next visible floor at the 45.00 zone.
This is not a piece of financial advice.
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LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS 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) was down for a second straight session on Monday, as markets prepared for the upcoming United States Federal Reserve policy decision.
LTC/USD dropped to a low of 86.83 earlier in today’s session, which comes 24 hours after trading at a high of 91.39.
Today’s drop in price has pushed litecoin to its weakest point since last Wednesday when the token was at a low of 84.21.
Looking at the chart, Monday’s move came as the relative strength index (RSI) fell to a support level of 44.00.
At the time of writing, the index is tracking at 44.80, with an upcoming ceiling of 50.00 a potential target for bulls.
Should this point be hit, there is a strong possibility that LTC will move back above the 90.00 mark.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was also in the red, as prices plunged for a second consecutive session.
ETH/USD dropped to a bottom at 1,829.41 earlier in the day, less than 24 hours after trading at a peak of 1,938.42.
Similar to BTC, today’s slippage sent ethereum below its own point of support at the 1,830 level.
ETH has since rebounded from this floor, as bulls opted to buy the dip, rather than continuing to flee positions.
This was helped by the fact that the RSI here also collided with a support zone at 45.00, and it continues to track beyond this point.
Bulls will likely be targeting re-entry above 1,900 in the upcoming days.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) continued to trade lower on Monday, as markets consolidated ahead of a pivotal week of economic events.
Following a high of 29,952.03 on Sunday, BTC/USD slipped to an intraday low of 28,360.50 earlier today.
This move saw Bitcoin briefly fall below a critical support point at 28,500, hitting its lowest point since April 27.
Overall, bitcoin remains nearly 4% higher than at the same point last week, when prices were close to the 27,000 mark.
As a result of today’s sell-off, the relative strength index (RSI) has dropped to a floor of its own at 50.00.
The index is now tracking at 50.09, with BTC rebounding from its earlier low, and currently trading at 28,591.66.
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USDT.DOMINANCE UPDATE Hello, welcome to this usdt.dominance update by CRYPTO SANDERS.
CHART ANALYSIS;-USDT.DOMINANCE It got rejected by the horizontal resistance of the rectangular channel. Currently, it is forming above the mid-range, where the MA 100 is also acting as a support.
Now it will break the mid-range from here or after retesting the Ichimoku cloud, and this will be a bullish signal for the market as it moves in the opposite direction.
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ADA/USDT 1DAY UPDATEHello, welcome to this ADA/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Cardano managed to hold onto a price above 40 cents, despite the most recent correction that saw it test the support at 38 cents. This also allowed ADA to book a minor increase in the price of 1.4% this week.
The biggest challenge for ADA is to move above 40 cents which is the key resistance at this time. If the overall market remains bullish, then this cryptocurrency could explore higher levels.
Looking ahead, Cardano is found in an uptrend, and so far, buyers have the upper hand. As long as they can defend the support at 38 cents, the price has a good chance to move higher over time.
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XRP/USDT 3DAY UPDATE BY CRYPTO SANDERSHello, welcome to this XRP/USD update by CRYPTO SANDERS.
CHART ANALYSIS XRP:-XRP has successfully tested the support at 44 cents, and the price closed in green every daily candle since then. At the time of this post, the price is found at a similar level to last week. For this reason, buyers will have to show more strength to book a profit.
The key resistance is at 53 cents, and this cryptocurrency was rejected twice at this price level in March and April. Nevertheless, the more a level is tested, the more likely it is to break. Should buyers manage to bring the price back to this key level, then a breakout could take place.
Looking ahead, XRP remains bullish so long as the support at 44 cents holds. With the MACD curving up on the daily timeframe, it would seem that buyers are eager to see the price move higher.
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BTC/USDT 3DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) Ethereum is determined to not give up and has found good support at 1,800. Despite this show of force from buyers, ETH still lost 1.8% of its valuation this past week.
The current target and key resistance are at 2,000, which is a psychological level where the price was rejected in the past. Therefore, if buyers are successful in pushing this cryptocurrency higher, then they will likely face stiff resistance at that level
Looking ahead, Ethereum has managed to maintain its uptrend by making a higher high and a higher low. Market participants should only get concerned if the key support at 1,800 is lost. Unless that happens, ETH has a good chance to test the key resistance at 2,000.
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