ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Ethereum (ETH) was also marginally higher in today’s session, with prices continuing to trade below a long-term ceiling
ETH/USD hit a high of $1,342.76 earlier in the day, less than 24 hours after trading at a low of $1,324.97.
Overall, ethereum remains below a resistance point of $1,350, with many expecting prices to move after the release of U.S. inflation figures tomorrow.
As can be seen from the chart, the consolidation below this price ceiling comes as the RSI continues to trade under a hurdle of its own.
Price strength is now tracking at the 68.73 level, which is under a point of resistance at the 70.00 mark.
ETH bulls are likely still targeting a move beyond $1,400, however, in order for this to happen, the RSI level of 70.00 must first be overcome.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Ethereum (ETH) also rallied to a multiple-week high on Monday, with prices climbing above a recent ceiling at $1,300.
ETH/USD raced to an intraday high of $1,324.01 earlier in today’s session, which comes less than 24 hours after trading at a low of $1,261.95.
Similar to bitcoin, today’s rally pushed ethereum to its highest point since mid-December, when the coin was above $1,350.
As can be seen from the chart, an upwards crossover of moving averages has also occurred here, with the RSI gaining momentum as well.
Currently, the index is tracking at 66.81, which is its strongest point since October 29, when ETH was trading upwards of $1,500.
Should bullish sentiment remain throughout the week, ethereum will likely climb past the $1,400 level.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- Bitcoin(BTC) moved above the $17,000 level to start the week, as markets shifted their focus to this week’s U.S. inflation report.
Following a low of $16,928.18 on Sunday, BTC/USD surged to a peak of $17,283.72 earlier in today’s session.
The move saw BTC climb to its highest point since December 16, when price was at a high of $17,525.
Looking at the chart, today’s high came as the 10-day (red) moving average finally crossed over its 25-day (blue) counterpart.
In addition, the 14-day relative strength index (RSI) marginally moved past its current resistance level of 60.00.
As of writing, the index is tracking at 60.46, with the following visible ceiling at the 63.00 zone.
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APE/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this APE/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Apecoin (APE) was another big mover in today’s session, extending recent gains to a fifth consecutive day.
Following a low of $4.50 to start the week, APE/USD raced to an intraday peak of $4.98 earlier in the day.
The move pushed apecoin to its highest level since November 5 and came following a breakout of a price ceiling at $4.60.
As a result of today’s surge, the RSI on the APE chart is now at its strongest point on record, with a reading of 79.09.
This means that prices are now deep in overbought territory, which could mean that bears are preparing for reentry.
Despite this potential reversal, bulls are seemingly still targeting a ceiling at $5.30, which hasn’t been hit since October 11.
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SHIB/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this SHIB/USDT 1DAY chart update by CRYPTO SANDERS.
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CHART ANALYSIS:-Shiba Inu (SHIB) was one of Tuesday’s notable gainers, as prices of the token rose for a sixth straight session.
SHIB/USDT surged to a high of $0.000009593 earlier in the day, less than 24 hours after trading at a low of $0.000008603.
As a result of this latest surge in price, Shiba Inu climbed to its highest point since December 5.
From the chart, it appears as though today’s rally came following an upwards crossover of the 10-day (red) and 25-day (blue) moving averages.
In addition to this, the 14-day relative strength index (RSI) has risen above a recent ceiling of 65.50.
Currently, the index is tracking at 67.50, with the following visible ceiling at the 73.00 zone.
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BTC/USDT 4HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders.
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Chart Analysis:-BTC attempted to break the horizontal red resistance and was able to trade above it. Now it is trading above it again.
Here we need a successful retest above the horizontal red resistance to confirm another bullish move.
If it continues to decline from here, it will do some correction towards the horizontal support from where we can expect a bounce back.
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BTC/USDT 4HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders.
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Chart Analysis:-BTC attempted to break the horizontal resistance but couldn't able to give a close above it. Now it is again trading below it.
Here we've to wait for a successful breakout above the horizontal resistance to confirm a further bullish move.
If it continues to reject from here, it will take some correction toward the horizontal support from where we could expect a bounce back.
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BTC/USDT 4HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders.
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Chart Analysis:-BTC effectively proceeded with its bullish move after breaking out the cup and handle pattern and successfully retesting above the MA100 support.
Presently, it is close to the half-retracement level of the long descending move. This is likewise a previous horizontal resistance level.
The bulls are showing strength. We've to wait for a successful breakout above the horizontal resistance, which would confirm the continuation of the bullish move.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Ethereum (ETH) also moved higher to start the weekend, with prices moving gradually closer to $1,300.
Following a low of $1,240.95, ETH/USD raced to an intraday high of $1,273.22, which is its highest point since December 17.
Today’s move comes as an upwards crossover of moving averages has recently occurred, with the 10-day (red) trend line moving higher versus the 25-day (blue) line.
Typically such a move is a sign of current and future bullish momentum, and this could likely tempt more bulls to re-enter the market.
The next target will undoubtedly be the aforementioned $1,300 ceiling, which will likely be hit once the RSI climbs past its current ceiling at 59.00.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- Bitcoin ( BTC ) mostly consolidated on Thursday, as the price failed to break out of the critical level of $17,000 yesterday.
Following a high of $16,964.59 on hump day, BTC /USD slipped to an intraday low of $16,789.75 earlier in the session.
The drop comes as markets reacted to the latest FOMC minutes, where the Fed has seemingly agreed to maintain interest rate hikes.
This comes as the bank expects a more aggressive rise in inflation, forecasting consumer prices to be at 3.5% in 2023, higher than the 3.1% previously expected.
Looking at the chart, the decline in price also comes as the 14-day relative strength index ( RSI ) moved below a resistance zone of 51.00.
As of writing, the index is now tracking at 49.14 and seems to be moving toward a support level of 46.00.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS Ethereum / U.S. Dollar (BIHello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Ethereum (ETH) also consolidated in today’s session, with momentum marginally shifting on Thursday.
ETH/USD dropped to a bottom of $1,246.21 earlier in the day, which comes less than 24 hours after hitting a high of $1,264.81.
Despite the drop, sentiment remains somewhat bullish, as ETH continues to trade above its long-term resistance level at $1,230.
From the chart, the 10-day (red) and 25-day (blue) moving averages also remain close in proximity, maintaining chances of an upwards crossover.
This seems to be one of the factors in place that is keeping bullish sentiment alive. However, with the RSI now falling lower, this could begin to change.
Since failing to break out of a ceiling at the 57.00 level, price strength is now tracking at 55.40.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- Bitcoin (BTC) mostly consolidated on Thursday, as the price failed to break out of the critical level of $17,000 yesterday.
Following a high of $16,964.59 on hump day, BTC/USD slipped to an intraday low of $16,789.75 earlier in the session.
The drop comes as markets reacted to the latest FOMC minutes, where the Fed has seemingly agreed to maintain interest rate hikes.
This comes as the bank expects a more aggressive rise in inflation, forecasting consumer prices to be at 3.5% in 2023, higher than the 3.1% previously expected.
Looking at the chart, the decline in price also comes as the 14-day relative strength index (RSI) moved below a resistance zone of 51.00.
As of writing, the index is now tracking at 49.14 and seems to be moving toward a support level of 46.00.
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SOL/USDT 4Hr UPDATE !!Hello, welcome to this SOL/USDT chart update by CRYPTO SANDERS.
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CHART ANALYSIS:-Solana's price action over the past 30 days can only be described as a crypto roller coaster. After plunging below $10, it rebounded sharply and entered a significant rally on Monday, when the price rallied, closing with a 37% gain over the past seven days. This makes it the best-performing altcoin on our list this week.
After finding good support at $9.5, Solana entered a sustained rally that did not stop until $14. Key resistance is found at $15, and seeing its performance this week would be even more surprising to see a break above this level.
Looking ahead, a test of the key resistance appears probable. But for this to happen, the overall market needs to turn bullish or at least remain neutral. Otherwise, Solana could be dragged down to $10.
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LTC/USDT 4Hr UPDATE !!Hello, welcome to this LTC/USDT chart update by CRYPTO SANDERS.
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CHART ANALYSIS:-LTC is one of the oldest altcoins in the market, having been launched in 2011. While it may not be flashy or new, its price action has been quite impressive of late. Litecoin has managed to go up steadily since June 2022. This is what some altcoins have achieved during this bear market.
Somehow, Litecoin closed the last week with a price increase of around 10% after breaking $70 once again. The bulls are eager to push this cryptocurrency higher, and they may even challenge the key resistance at $80.
Looking ahead, LTC is one of the few cryptocurrencies that is well-positioned to make higher highs. Right now, its biggest challenge is breaking above $80. Perhaps this second attempt could be successful, which could propel the cryptocurrency toward $100.
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ADA/USDT 4HOUR UPDATE !!Hello, welcome to this ADA/USDT chart update by CRYPTO SANDERS.
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CHART ANALYSIS:-Cardano surprised the market this week with a strong performance that saw the price increase by 11.4%. This momentum could continue, but the key resistance at 30 cents will be an important obstacle to overcome.
After finding good support at 24 cents, ADA managed to quickly recover some of the recent losses and continued to move higher every day. The volume and indicators support a continuation of this price action, but it’s important to see how buyers will manage the abovementioned resistance level.
Looking ahead, a test of $0.30 seems probable.
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XRP/USDT 4Hr UPDATE !!Hello, welcome to this XRP/USDT chart update by CRYPTO SANDERS.
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CHART ANALYSIS:-XRP has been making lower lows after a significant decline on Monday when the price briefly hit 30 cents. This led to a decrease of about 2.2% during the past seven days.
This week, the volume is in red, and sellers dominated the chart. This gives little hope of a reversal at this time, particularly when the key support at 33 cents is put again under pressure. Considering this price action, a break to the downside seems somewhat likely.
Since the spike on Monday could be indicative of things to come, it’s quite likely that XRP will have to revisit the 30 cents support before it can hope to reverse the current downtrend. Buyers don’t appear confident to stop this selling pressure.
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BTC/USDT 8HOUR UPDATE BY CRYPTO SANDERSHello and welcome to this BTC /USDT chart update by Crypto Sanders.
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Chart Analysis:-
BTC is going up level by level. Recently it breakout the cup and handle pattern after hunting stops below the local support. It is rejected from the range high resistance, and now it is trading over the horizontal support, where MA 100 is also acting as support.
A further bullish move is normal if it effectively retests the horizontal support and breakout the range high with a stable volume.
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BTC/USDT 2HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders.
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Chart Analysis:- The price is still consolidating in a handle. The wicks are showing uncertainty between bulls and bears in between the local support and horizontal resistance.
Here we've to sit tight for a successful breakout of the horizontal resistance, which will confirm an upward direction in it.
As BTC is trading level by level, if it effectively breakdown the local support, then a range play is expected between the mid-range and local support.
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DOT/USDT 3DAY UPDATE BY CRYPTO SANDERS Hello, welcome to this DOT/USDT 3DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-DOT is moving in a long-falling wedge and presently holding over its strong horizontal support, from where we've previously seen a huge bullish rally.
RSI is in the oversold area, printing bullish divergence. We've to keep an eye on a solid breakout, which will confirm a pleasant bullish rally in it.
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BTC/USDT 4HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders.
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Chart Analysis:- BTC bounced from the local support after a successful retest but got rejected after hunting stops above horizontal resistance and MA 200.
It has also formed a cup and handle pattern, which is technically a bullish pattern. Currently, the price is consolidating in a shape of a handle.
A solid breakout of the horizontal resistance would be a bullish continuation sign in it, and the invalidation of the handle is a breakdown of the local support with a retest below it.
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BTC/USDT 1HOUR UPDATEHello and welcome to this BTC/USDT chart update by Crypto Sanders.
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Chart Analysis:- Hello Traders Welcome to BTC 1hr Update BTC Trading Inside Parallel Channel BTC Downside Breakdown Parallel Channel We Can Also See BTC $16600 to $16400 Today
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BTC/USDT 1HOUR UPDATE:-Hello, welcome to this BTC /USDT chart update by CRYPTO SANDERS.
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CHART ANALYSIS:-hello traders welcome to btc 1hr update btc is trading inside the parallel channel if btc downside breakdown the parallel channel we can still see btc $16600 to $16400 today and if btc breakouts the parallel channel today we can see a new high in btc stay connected with us for such updates
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Ethereum (ETH) mostly consolidated on Tuesday, with prices continuing to trade above the $1,200 point.
Following a low of $1,212.49 to start the year, ETH/USD hit a peak of $1,219.86 earlier in today’s session.
As a result of today’s move, ethereum moved closer to a resistance level of $1,230, which has been in place since December 16.
Looking at the chart, ethereum was unable to recapture this ceiling, as the RSI of 14 days failed to break out of resistance at 49.00.
As of writing, the index is tracking at 48.90, with bulls remaining close to this point ahead of tomorrow’s FOMC report, which could be the trigger to a potential price surge.
After tomorrow’s report, attention will turn to Friday’s U.S. nonfarm payrolls (NFP), which could also be a catalyst for market moves.
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