BONK/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BONK/USDT update from Crypto Sanders.
Chart Analysis:- The surprise of the past two months is BONK, the biggest meme token on the Solana network. The price has not stopped pumping since late October and booked an eye-popping 187% increase this week alone.
With such a performance, it is almost impossible to guess where BONK will top or decide to correct. Considering the market sentiment after a 70x increase from its all-time low, this Solana token could continue to rally.
Looking ahead, meme tokens are back in the spotlight, and BONK holders have the time of their lives.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum has displayed significant bullish signals, with the price exhibiting a robust uptrend that retraced above the pivotal resistance level of 2.1K. Despite a temporary setback, the cryptocurrency maintained its upward trajectory, reaching an annual peak of 2.4K. This PA suggests a revived bullish market, reflecting renewed demand and heightened buying interest among market participants.
It’s crucial to acknowledge that short-term corrections typically follow each bullish surge. As evident from the chart, Ethereum’s upward momentum faced rejection upon hitting the upper boundary of the wedge, resulting in a 10% decline.
The divergence between the price and the RSI indicator also supports the likelihood of a brief retracement before initiating the next bullish move. In such a scenario, the 2K support zone is anticipated to be Ethereum’s next destination in the daily timeframe.
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BTC/USDT 2DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- the price has been blowing past resistance levels one by one. Yet, today’s action has been very bearish, as the daily candle looks very bearish. The price has dropped around 10% today before rebounding from the 40K support level.
In case this level holds, it could initiate a rebound, and the market might rally toward the next significant resistance level, which is located at the 48K mark. On the other hand, a bearish breakout could result in a drop to the 38K and potentially the 31K zone.
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ADA/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ADA/USDT update from Crypto Sanders.
Chart Analysis:- Cardano landed on its key support at 38 cents this week and, in the process, also registered a 3% loss in valuation. If bulls hold here, then ADA could end its correction.
The current resistance is found at 41 cents, and it may take some time before this cryptocurrency tests it again.
ADA has a good opportunity to reverse and end its correction at this level. If it fails and the current support falls, then the price is likely to go to 35 cents next.
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XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this XRP/USDT update from Crypto Sanders.
Chart Analysis:- XRP is still in a downtrend, but the price found good support at 57 cents. Bearish momentum decreased in the past few days and the price only fell by 2% compared to last week.
If buyers return, then this correction may be coming to an end. However, any renewed rally will have to face the resistance at 68 cents.
this cryptocurrency is well-positioned to resume its uptrend in December if the overall market remains bullish.
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BNB/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BNB/USDT update from Crypto Sanders.
Chart Analysis:- Unfortunately, BNB’s price fell by 3% this week after buyers were unable to regain control. The momentum remains bearish as the price continues to make lower lows.
The level at $230 turned into a resistance this past week, and it is unlikely to see a reversal any time soon. At best, this cryptocurrency could aim to reclaim $230 as support.
If nothing changes, then BNB could drop back to levels not seen since early October, when the price was found at $200. This is also the strongest support on the chart right now
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum appears determined to break the resistance at $2,140 which was tested twice since early November. Today’s price is found at the same level as last week when buyers had their last attempt at a breakout.
The support at $2,000 held well this week, which gives hope that ETH may break away from its current formation and make new local highs.
the momentum remains bullish, and should buyers manage to put the current resistance behind them, then the next key target will be found at $2,500.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- As the daily chart depicts, the price has been demonstrating strong bullish momentum over the recent months. Yet, the market is currently testing the $38K resistance level and is yet to break convincingly.
If a bullish breakout occurs, there would be little resistance preventing the price from reaching the next key level, which is located around the FWB:41K mark.
However, with the relative strength index showing a clear bearish divergence between the recent highs, there is also the possibility of a pullback in the coming weeks. In this case, the $34K and the $30K levels would be potential targets.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Turning to ethereum (ETH), the second giant in the crypto realm, we observe a substantial week-on-week gain of 17.4% with the price currently at 2,097. Ethereum’s oscillators, however, send warning signals with an RSI at 80.3, signaling a possible correction, and an overly bullish Stochastic at 90.6 resting at neutral. The CCI exacerbates this caution with a high 262.3, reinforcing the bearish sentiment.
Ethereum’s moving averages paint a more positive outlook, much like Bitcoin’s, with all indicators from the 10-day to the 200-day averages signaling strong upward momentum. The disparity between the shorter-term EMA at 1,937.7 and the longer-term SMA (200-day) at 1,777.4 suggests that while ether’s immediate trend is still bullish, there’s potential overheating that could prompt a near-term correction.
The market capitalization of ether stands at 252 billion, underscoring its significant growth over the past month by 33.1%. The volume and market cap showcases Ethereum’s liquidity and trader interest, indicating a healthy market for ETH. However, the inflated oscillator values raise concerns about sustainability and call for vigilance among traders against possible volatility.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin’s recent price action reflects a positive uptrend with its value piercing through the 37,000 resistance zone yesterday only to settle at just above that range. The oscillators present a mixed bag of signals with the relative strength index (RSI) at a high 83, suggesting that BTC may be entering overbought territory despite a neutral stance. Meanwhile, the Stochastic holds at 74, maintaining neutrality, and the commodity channel index (CCI) stands at 162, hinting at a continued bullish run albeit within a neutral zone.
Moving averages for bitcoin reveal a strong consensus for bullish sentiment. The exponential moving averages (EMAs) and simple moving averages (SMAs) across various time frames (10, 20, 30, 50, 100, and 200 days) all signal bullish sentiment. This unanimous direction indicates a firm trend upwards, with shorter-term EMAs like the 10-day at 35,481 reinforcing recent gains and longer-term averages such as the 200-day EMA at 28,496 confirming a solid upward trajectory over a more extended period.
The potency of Bitcoin’s bullish trend is further evidenced by its market behavior, showing a strong 7.5% increase over the last week and an impressive 34.9% rise over the past month. Such momentum will likely attract a speculative surge, driving prices to new heights before any potential corrective actions take root. Investors may view this as a testament to Bitcoin’s resilience and a beacon of its inherent value proposition amidst the market’s ebb and flow.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USD update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) dropped 2.8% to 1,785 during the past 24 hours, with 13.19 billion worth of ether changing hands over 24 hours. The RSI of 61.4 implies that ethereum has room to rise before overbought conditions materialize.
Meanwhile, the Stochastic level of 79.9 indicates the crypto asset is approaching overbought territory on the daily chart. The CCI reading of 51.4 reflects ether trading in the middle of its band. The 10-day SMA at 1,800 is close resistance, while the 50-day and 100-day SMAs at 1,656 and 1,693 denote some leftover bullish momentum.
Ethereum has witnessed a significant uptick in exchange inflows, reaching a five-month high with a surge of nearly 130,000 ether deposited into exchanges. Over the past fortnight, it has risen more than 10% and over the past month, over 8%. Ether recorded 13.19 billion in 24-hour trade volume on Friday.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin fell 3.3% to 34,195 amid a light trading volume of 20.79 billion over the last 24 hours. The relative strength index (RSI) reading of 70 indicates bitcoin is approaching overbought levels, while the Stochastic oscillator of 86 suggests the crypto may be due for some more pullback.
The commodity channel index (CCI) of 60 reflects that BTC is still trading within the upper half of its recent price range. The ten-day simple moving average (SMA) of 34,494 represents near-term resistance, while the longer-term 50-day and 100-day SMAs of 29,072 and 28,261 signal ongoing positive momentum.
the RSI’s descent towards a bearish divergence, coupled with the absence of any forthcoming spot bitcoin exchange-traded fund (ETF) announcements, hints that a downward price correction could be on the horizon. Should this occur, the 33,000 and 32,500 levels are likely to emerge as critical support thresholds to keep an eye on.
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ETH/USDT UPDATE !!Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:- ethereum’s (ETH) price is coasting along at 1,796 per unit. ETH has witnessed a 24-hour range of 1,786 to 1,827 per ether. Ethereum’s volume is higher than BTC’s today with 10.56 billion traded over the last 24 hours. In terms of market dominance, ETH’s market valuation amounts to 16.4% of the 1.3 trillion crypto economy.
Ethereum presents a more tempered growth story, with a 3.9% increase in price over the past month. The oscillators, with an RSI of 67 and Stochastic of 76, do not indicate an extreme market condition, suggesting a more stable and neutral environment compared to Bitcoin. The moving averages, with an EMA of 1,771 and an SMA of 1,792, provide additional support for a positive outlook, though the growth is not as pronounced as that of Bitcoin.
The steadier price movement of Ethereum, coupled with the less extreme oscillator values, positions ETH as a potentially less volatile option in the current market. However, traders should still exercise caution and consider a range of indicators and market conditions before making trading decisions. The positive trend indicated by the moving averages is a promising sign, but it is crucial to remain vigilant and stay updated with market developments.
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BTC/USDT UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) is exchanging hands at 34,388.22 per unit. The leading crypto asset has recorded a 24-hour range between 34,174 and 34,703 per BTC. Bitcoin commands approximately $8.97 billion in global trade volume on Wednesday, and its market cap dominates by 50.9%.
Bitcoin’s current state reflects a strong bullish momentum, underscored by its significant price surge over the last fortnight. The relative strength index (RSI) at 79 and Stochastic at 75 both point toward overbought conditions, signaling the potential for a price correction or consolidation in the near term. However, the moving averages tell a different story; with the exponential moving average (EMA) at 33,586 and simple moving average (SMA) at 34,173, both indicators suggest a bullish signal, reinforcing the prevailing upward trend.
Despite the positive price movement, the discrepancy between the oscillators and moving averages necessitates caution. The overbought conditions indicated by the RSI and Stochastic could lead to increased volatility, and traders should be prepared for potential short-term price fluctuations. The moving averages, while bullish, could also be interpreted in conjunction with the caution signals shown by the two oscillators.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) Ethereum (ETH) continued to hover around the 1,800 level, despite a slight stint below this point during today’s session.
ETH/USD fell to a low of 1,784.95 earlier in the day, which came following a peak at 1,829.25 on Monday.
Bulls have since bought this earlier dip, pushing ethereum to a current reading around the 1,813.25 region.
it appears that the rally came as the RSI bounced from 68.00. It is now tracking at 71.65.
A ceiling at 75.00 now awaits traders and should strength move beyond this, ETH will likely move closer to 1,900.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- \Bitcoin consolidated on Tuesday, as markets braced themselves for the upcoming consumer confidence report from the United States.
Following a high of 34,843.94 to start the week, BTC/USD slipped to an intraday low of 34,083.31 in today’s session.
This has resulted in the world’s largest cryptocurrency hovering below a key price point of 35,000.
the relative strength index (RSI) tracked above a floor at 79.00, which is deep in bull territory.
Price strength is now sitting at 82.02, with the next visible point of resistance being at the 88.00 mark.
many see BTC as being overcooked, with a more long-lasting reversal potentially on the cards.
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TON/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this TON/USD update from Crypto Sanders.
Chart Analysis:- Toncoin (TON) was another notable gainer on Tuesday, climbing to a one-month high during the day.
TON/USD hit a high of 2.23 earlier in the day, which comes a day after trading at a low of 2.09.
toncoin rose to its highest point since September 28, when price was above 2.30.
recent gains have pushed price strength above a ceiling at 59.00, and the index is now tracking at 61.62.
The next visible point of resistance is at the 71.00 point, and if hit, there is a good chance TON moves towards 2.60.
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XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this XRP/USDT update from Crypto Sanders.
Chart Analysis:- XRP, formerly ripple, was a strong gainer on Tuesday, as the token rose by as much as 8% in today’s session.
Following a low of 0.5634 to start the week, XRP/USD raced to an intraday high of 0.6127 earlier today.
the world’s fifth-largest cryptocurrency rose to its highest level since August 15.
Today’s move saw XRP climb for a third straight day, pushing the token to a ceiling of 0.6400.
it appears that the relative strength index (RSI) has broken a resistance point of 73.00, and is now sitting at 75.08.
In order to reach the resistance above level, the index will likely need to reach a ceiling at or above 80.00.
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AVAX/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this AVAX/USDT update from Crypto Sanders.
Chart Analysis:- Avalanche (AVAX) made sizable gains to start the week, moving by as much as 6% higher during the day.
AVAX/USD peaked at 11.60 on Monday, which comes less than 24 hours after falling to a bottom at 10.92.
This has resulted in the avalanche rising to its strongest point since October 7, when the price last surpassed a ceiling at 11.70.
Earlier gains have marginally faded, with AVAX now sitting at 11.57, and this comes as the RSI hit a ceiling at 70.00.
Price strength is now hovering at 69.40, however, bulls will likely look to break this mark and force a move above 70.00 in the coming days.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) rose above the 1,800 level to start the week, following a second straight day in the green.
1,779.36 on Sunday, ETH/USD rose to a high of 1,827.13 earlier in today’s session.
the world’s second-largest cryptocurrency rose to its highest point since last Thursday.
the rally came as the RSI neared its long-term resistance level of 75.00.
the index is tracking at 72.20, with ethereum marginally below its earlier peak at 1,817.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- bitcoin remained near the 35,000 level, ahead of a key week of economic data from the United States.
BTC/USD peaked at the 34,743.26 mark to start the week, after falling to a low at 34,173.38 on Sunday.
Bitcoin is moving closer to an 18-month high at 35,157, which was last struck on October 25.
Since hitting a low of 33,400 on Friday, BTC has made consecutive gains, which comes after the relative strength index (RSI) found a stable floor at 79.00. the index is tracking at 82.52, which is still significantly above the overbought mark.
Should the price continue to increase, there is a good chance that price strength will edge closer to a ceiling at 87.00.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) rebounded from Friday’s drop, making a run back towards the 1,800 level to start the weekend.
ETH/USD peaked at 1,796.57 on Saturday, after the price fell to a low of 1,751.44 less than 24 hours ago.
This climb means the world’s second-largest cryptocurrency has traded higher for nine of the last ten sessions.
this latest rally comes as the 10-day (red) moving average continues its uptrend versus its 25-day (blue) counterpart.
the RSI found a floor at 68.00, using it as a springboard to a current reading of 69.94.
Bulls will likely make further runs towards 1,800, despite overall price strength being overbought.
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