BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) remained above $22,000 on Wednesday, with traders continuing to digest the latest inflation report in the United States.
Following a low of $21,632.39 on Tuesday, BTC/USD rallied to an intraday peak of $22,293.14 earlier today.
Today’s move pushes the world’s largest cryptocurrency back toward a key resistance level of $22,500.
Looking at the chart, the 14-day relative strength index (RSI) also appears to be edging closer to a ceiling of its own at 60.00
As of writing, price strength is currently at a reading of 51.96, which is its strongest point in the last seven days.
Should this momentum be maintained, there is a strong possibility that BTC could not only break $22,500 but could also collide with the $23,000 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) climbed back above $1,500 on Tuesday, as it also reentered a recent support point.
Following a low of $1,470.02 to start the week, ETH/USD rallied to a peak of $1,514.08 earlier in today’s session.
As a result of this move, the world’s second-largest cryptocurrency is once again trading above its long-term floor at $1,505.
Despite this, overall market momentum remains bearish, with the 10-day (red) moving average (MA) extending its death cross with its 25-day (blue) counterpart.
What has somewhat helped to ease the current market sentiment is the floor of 44.00 on the RSI indicator.
Should the floor break, there is a strong possibility that ethereum will be heading for the $1,450 mark.
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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 from recent losses in today’s session, as prices moved closer to the $22,000 level.
BTC/USD hit an intraday high of $21,849.01 earlier in the day, which comes after falling to a low of $21,460.09 on Monday.
Today’s action saw bitcoin snap a two-day losing streak, and comes as prices rejected a full breakout of a floor at $21,500.
Looking at the chart, the 14-day relative strength index (RSI) also rejected a break of its own, with the index remaining above its support at 44.00.
As of writing, price strength is at a reading of 47.86, with a resistance of 50.00 nearby.
In order for BTC bulls to take the price above the $22,000 mark, this point of resistance will need to be broken.
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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) fell to a one-month low to start the week, with prices moving below the $1,500 mark.
Less than 24 hours after trading at the peak of $1,545.55, ETH/USD bottomed out at a low of $1,477.73 earlier today.
Monday’s plunge has seen the world’s second-largest cryptocurrency hit its weakest point since January 14.
This latest slippage in price comes as the RSI failed to stay above a long-term floor at the 44.00 level.
As of writing, price strength is currently tracking at 42.26, the lowest reading since December 28.
Should this downward trend continue, it is highly likely that ethereum could collide with support at $1,450.
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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 close to a multi-week low on Monday, as market sentiment remained bearish ahead of the upcoming U.S. inflation report.
Following a high of $22,060.99 on Sunday, BTC/USD dropped to an intraday low of $21,539.50 to start the week.
As a result of the decline, bitcoin remains close to its lowest point since January 20, which is the last time prices were under $21,000.
Looking at the chart, today’s move comes as the 14-day relative strength index (RSI) maintains its proximity to a support point at 44.00.
At the time of writing, the index is currently tracking at 45.80, with a resistance level of 50.00 an ideal target for remaining bulls.
Should this target be captured, bulls could extend this rally, and move to regain market momentum.
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ADA/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ADA/USDT chart update by CRYPTO SANDERS.
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CHART ANALYSIS:-Cardano (ADA) extended its own recent sell-off on Friday, with prices falling for a third straight session.
ADA/USD dropped to an intraday low of $0.3558 earlier today, which comes after prices peaked at $0.3896 on Thursday.
As a result of this drop, ADA slipped to its weakest point since January 25, breaking out of a floor at $0.3590 in the process.
Since falling from this point of support, ADA has somewhat rallied, with bulls moving to buy the dip in price.
This took place as the RSI leveled out at a floor of 46.70, with Cardano currently at $0.3611.
If this floor on the indicator continues to hold firm, there could be a rally over the week, with bulls re-entering the market.
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SOL/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS: Solana (SOL) prices plunged during today’s session, which comes as bears have seemingly recaptured market sentiment.
Following a high of $22.90 on Thursday, SOL/USD moved to an intraday low at $20.20 earlier in the session.
This drop resulted in the token hitting its lowest point since January 19, when Solana last collided with a floor at $20.00.
Since hitting a peak of 87.67 on the 14-day relative strength index ( RSI ) back on January 13, price strength has consistently declined.
As a result of this, the index is now tracking at 44.21, which is its weakest point since January 2 when SOL was under $10.00.
Ultimately, this has its positives, as longer-term bulls may see this as a sign that prices are gradually moving in the right direction.
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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 in today’s session, as it fell below the $1,600 level.
Following a high of $1,643.64 on Thursday, ETH/USD slipped to a bottom at $1,536.59 earlier in the day.
Like with BTC, this move pushed the world’s second-largest cryptocurrency to its lowest point since late January.
Overall, ETH has now fallen for a third consecutive day, with the latest drop resulting in prices breaking out of a floor at $1,600.
Traders now seem to be targeting a lower point of support at $1,515, which has not occurred so far, thanks to some resistance in price strength.
The RSI has collided with a floor at 46.75, which is its lowest point since January 3 and has helped calm earlier declines.
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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 ) extended recent declines on Friday, with prices falling below the $22,000 mark for the first time in several weeks.
BTC/USD fell to an intraday low of $21,754.13 earlier today, which comes less than 24 hours after trading at $22,770.22.
As a result of this drop, bitcoin moved to its weakest point since January 20, when the price bottomed at $20,865.
From the chart, the sell-off took place following a break out of a resistance level at $22,500, which had mostly held firm since late January.
In addition to this, the 14-day relative strength index(RSI) also dropped, falling to its lowest point in over a month.
After weeks in overbought territory, price strength has started to subside, which could act as a long-term positive for bulls, whose next target will likely be $25,000.
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BNB/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BNB/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Binance coin Hello friends BNB/USDT forming an inverse head and shoulders pattern and the good news 200 moving average and 50 moving average crossover to the golden crossover
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BTC/USDT 8HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders.
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Chart Analysis:- BTC is above the 100MA 8hr chart if BTC bounces from here we could see BTC go as high as $22300. This chart will be invalidated if BTC breaks $21,600
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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 saw a slight resurgence snapped, with market sentiment shifting in a bearish direction.
ETH/USD has bottomed at $1,615.06 so far on Thursday, which comes less than 24 hours after reaching a high of $1,678.09.
Yesterday’s move saw the world’s second-largest cryptocurrency break out of a ceiling at $1,675, however, it was unable to sustain this momentum.
Looking at the chart, bears seem to be targeting a floor at $1,600 for ETH, however, all advances to this point have so far been rejected.
This comes as the RSI appears to have found a relatively stable floor at the 57.00 mark, which has given confidence to nervous bulls.
At the time of writing, ethereum has rebounded from earlier lows and is currently trading at $1,626.90.
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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 ) slipped to a two-week low on Thursday, with prices falling below $23,000.
Following a high of $23,191.32 on hump day, BTC/USD plunged to an intraday low of $22,458.26 in today’s session.
The decline sent bitcoin to its lowest level since January 26, as prices broke out of a critical support point at $22,500.
As can be seen from the chart, the sell-off came as the 14-day relative strength index (RSI) fell to a one-month low, after moving below a floor of its own.
The index is currently tracking at 56.50, which is marginally under its recent support level of 58.00 mark.
Since this bottom, bulls have moved to buy the dip, with BTC now trading at $22,540..04, as of writing.
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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) extended recent gains today, with prices breaking out of a key resistance point in the process.
Following a low of $1,628.67 on Tuesday, ETH/USD jumped to a peak of $1,688.53 during the hump-day session.
As a result of today’s gains, the world’s second-largest cryptocurrency climbed past a resistance level of $1,675.
Similar to bitcoin, this move pushed ETH to its highest point since Saturday, with the RSI also hitting a four-day peak.
At the time of writing, the index is at a reading of 62.97, which is slightly below a ceiling of 64.00.
ETH bulls will likely attempt to break this resistance in the coming days, which will inevitably mean prices move back above $1,700.
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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 ) Bitcoin (BTC) moved higher on Wednesday, following comments from Federal Reserve Chair Jerome Powell.
Speaking yesterday, Powell stated, “The reality is we’re going to react to the data. So if we continue to get, for example, strong labor market reports or higher inflation reports, it may well be the case that we have to do more and raise rates more than is priced in.”
BTC/USD rose to an intraday high of $23,367.96 earlier today, less than 24 hours after hitting a low of $22,781.95.
Looking at the chart, the move pushed bitcoin to its strongest point in four days and came as the 14-day relative strength index (RSI) ran into a ceiling.
The index rose to a ceiling at 65.00, however, momentum was not strong enough to break out of this point.
As of writing, the index is tracking at 62.92, with BTC falling from earlier highs, and currently trading at $23,195.36.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum Since rejecting a move below $1,600 on Monday, ethereum (ETH) has continued to find stability, with prices edging higher today.
ETH/USD moved to a peak of $1,653.72 to start the day, which comes less than 24 hours after falling to a bottom at $1,611.32.
As a result of this surge, the world’s second-largest cryptocurrency looks to be heading toward a ceiling of $1,670.
One of the reasons behind this jump has also been the RSI, which failed to move below a floor at 58.00, and is now at a reading of 60.16.
In addition to this, the 10-day (red) moving average continues to be upward-facing, which traders see as a bullish signal.
If this momentum persists, there is a strong possibility that ethereum could be trading close to $1,700 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 ) rebounded from Monday’s lows in today’s session, with prices racing back above the $23,000 level.
Following a low of $22,692.03 to start the week, BTC/USD raced to an intraday high of $23,119.28 earlier in the day.
The move comes as bitcoin bulls rejected a move towards a long-term support point at $22,500, and instead bought the dip.
Looking at the chart, today’s rebound sees BTC snap a five-day losing streak, which came following a six-month high last Thursday.
Tuesday’s reversal also coincided with the 14-day relative strength index (RSI) bouncing from a floor of its own at 60.00.
As of writing, the index is tracking at 62.04 and seems to be on course to collide with a ceiling of 68.00.
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#BTC/USDT 2hour update !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders.
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Chart Analysis:- hello friend welcome to btc 2hr update btc is forming a bearish expanding pattern expect btc to fall from here so close your positions open long positions and short only after seeing the market face.
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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 moved lower on Monday, however, prices were able to remain above the $1,600 level despite the decline.
Following a high of $1,665.26 on Sunday, ETH/USD dropped by as much as 2% in today’s session, hitting a low of $1,616.30 in the process.
As a result of this sell-off, ethereum moved closer to its recent support level of $1,600. However, bulls have so far rejected a collision.
This has been helped by the RSI, which has found its own floor at 58.00, providing a soft landing for previous bulls.
ETH has since rebounded from earlier losses, and at the time of writing, is trading at $1,630.55.
Should this RSI floor of 68.00 hold, ethereum bulls may attempt to make another move toward $1,700 as the week progresses.
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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 ) started the week falling to a seven-day low, as market sentiment began to shift downwards.
BTC/USD has now fallen lower for five straight sessions, with today’s decline taking prices to a bottom of $22,734.48.
This drop saw bitcoin hit its weakest point since January 30, when prices were trading at a floor of $22,500.
Looking at the chart, the world’s largest cryptocurrency appears to be heading toward this point of support again.
Recent declines in BTC have come as the 14-day relative strength index (RSI) broke out of a floor at 68.00. It is now tracking at 61.15.
This is the lowest reading for the index in nearly a month and comes following an extended streak in overbought territory.
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#BTC/USDT 2hour update !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders.
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Chart Analysis:- hi everyone BTC 2-hour update welcome guys as you see btc is going towards a similar RSI opposite flag pattern showing bear divergence if BTC bounces from $23150 we will see BTC as a will see making new high maybe BTC break $23000 the chart will be invalidated
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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) rose marginally higher on Saturday, remaining close to a resistance level of $1,700 in the process.
ETH/USD hit a high of $1,670.70 to start the weekend, as the world’s second-largest cryptocurrency bounced away from Friday’s low at $1,634.49.
Following a surge to $1,714 on Thursday, which was the strongest point for ETH since September, prices have moved into consolidation.
Looking at the chart, Saturday’s climb has pushed the RSI closer to a resistance of its own at 68.00, with the index currently tracking at 64.35.
ETH will likely reach the $1,700 mark should price strength recapture this ceiling.
The 10-day (red) moving average appears to be upwards facing, which could be a positive sign for bulls anticipating upcoming surges.
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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) moved lower to start the weekend, as traders continued to secure gains following a recent climb to a six-month high.
Following a high of $23,678.10 on Friday, BTC/USD fell to an intraday low of $23,279.96 earlier in Saturday’s session.
Today’s decline sees bitcoin fall for a third straight day and comes following Thursday’s high of $24,262, which was BTC’s highest point since early-August last year.
As a result of recent declines, bitcoin’s 14-day relative strength index (RSI) is now tracking at 68.41.
This is marginally above a point of support at 68.00, which is a level that has not been broken since January 11.
Should this floor fail to hold during today’s session, bearish sentiment will likely continue to rise, pushing prices below $23,000 in the process.
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