BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin was trading lower on Wednesday, as traders appeared to have finally decided to secure profits, following recent gains
BTC/USD slipped to an intraday low of 33,278.40 late in yesterday’s session, after an earlier peak above the 35,000 mark.
Although bulls have since pushed the cryptocurrency higher, with the price now at 34,246.74, it remains below the heights seen on Tuesday.
One reason for this is the relative strength index (RSI), which was significantly overbought on Tuesday, tracking around 89.00.
the index is at a reading of 87.22, which is marginally lower, but still remains primed for a reversal.
Today’s speech could be the storm that traders are waiting to clear, before either intensifying recent momentum or selling off further.
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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) reached 1,800 for the first time in several months, after being the beneficiary of general sentiment around crypto.
ETH/USD rallied to an intraday high of 1,845.99 earlier today, a day after trading at a bottom of 1,664.58.
ethereum reached its highest point since August 13, when the price was marginally below 1,860.
The move saw ethereum climb for a fifth straight session, as the RSI broke out of a resistance at 60.00.
ETH is now severely overbought, with the index now tracking at 76.79.
Bulls broke a ceiling of 68.00 over the last several hours, however it is unlikely that this will be sustained, as profit takers begin to loom.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin bulls pushed the cryptocurrency over the 35,000 level on Tuesday, as momentum over a potential ETF approval intensified.
Following a low of 30,433.32 to start the week, BTC/USD surged to a peak at 35,150.43 earlier in the day.
This resulted in bitcoin climbing to its highest level since May 7, 2022, when the price was trading above 36,000.
Earlier gains have somewhat eased due to several factors, one of which being the relative strength index (RSI) moving deep into overbought territory.
the index is tracking at the 88.60 mark, which is its strongest reading since the start of the year.
BTC is now trading at 34,528.51, as traders have likely started closing off positions, in order to secure profits.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SOL/USDT update from Crypto Sanders.
Chart Analysis:- Solana (SOL) surged significantly higher in today’s session, after finally breaking its long-term ceiling at 25.00.
After trading at a bottom of 24.17 on Thursday, SOL/USD jumped to an intraday high of 27.29 earlier today.
Friday’s move is the highest point that solana has hit since July 20, when the price peaked at 27.35.
As a result of this strong sentiment, SOL has risen into overbought territory, with the RSI climbing to a current reading of 74.60.
A point of resistance now awaits current bulls at the 75.00 mark, and should they prevail, solana could capture 28.00.
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XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this XRP update from Crypto Sanders.
Chart Analysis:- XRP rose to a two-week high on Friday, following a decision by the Securities and Exchange Commission (SEC) to drop its case against Garlinghouse and Larsen.
XRP/USD peaked at 0.5291 earlier in the day, which comes following a low at 0.4831 the day prior.
As a result of today’s high, the ripple rose to its highest point since October 5, when the price peaked at 0.5325.
Earlier gains have now eased, which comes as the relative strength index (RSI) failed to move beyond a ceiling of 57.00.
At the time of writing, price strength is now tracking at 56.32, with the next visible floor at the 50.00 level.
The 10-day (red) moving average has also begun to trend upward, increasing the chances of an upward crossover in the upcoming 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) was also higher on Friday, with the cryptocurrency once again rising above the 1,600 level.
Following a low of 1,553.03 on Thursday, ETH/USD jumped to a peak at 1,628.61 earlier in the day.
This resulted in ethereum climbing to its highest point since the start of the week, when price was over 1,640.
Today’s hump comes days after bulls rejected a breakout below a support point of 1,540, and they now look to be targeting resistance of 1,650.
In order to get there, the RSI, which is currently reading at 51.81, will need to move beyond its own ceiling at 55.00.
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|BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin surged to a multi-month high in today’s session, as markets remained optimistic that the SEC could soon approve several spot bitcoin exchange-traded funds (ETFs).
BTC/USD surged above 30,000 as sentiment grew, reaching 30,104.09 earlier today.
This comes following a low of 28,449.96 on Thursday, with today’s peak the strongest point Bitcoin has hit since July 23.
the breakout of a ceiling at 69.00 on the relative strength index (RSI) also contributed to the gains.
price strength is now at 71.14, which is in overbought territory.
There has also been some slight profit-taking in the market, with bitcoin now trading at 29,475.77.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) on the other hand, fell for a third straight session, as the cryptocurrency collided with a long-term floor.
After hitting a high at 1,580.26 on Wednesday, ETH/USD plunged to an intraday low of 1,543.59 earlier today.
The move saw the world’s second-largest cryptocurrency close in on a support point at the $1,540 mark.
This comes as the 10-day (red) moving average continued to trend lower and extend its downward cross with the 25-day (blue) trend line.
The last time bears forced a breakout below the aforementioned floor, ethereum went on to fall to a seven-month low.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin snapped a two-day losing streak on Thursday, as markets reacted to comments on spot bitcoin ETFs from SEC Chair Gensler.
BTC/USD peaked at 28,566.75 on the news, following a low of 28,174.25 during Wednesday’s session.
Today’s move comes as bitcoin bulls pushed the price back above a recent floor at the 28,200 level.
the bounce comes as the 14-day relative strength index (RSI) jumped to a support point of its own at 63.00.
the index is tracking at 64.35, which is marginally below the next point of resistance at 65.00.
In order for bullish momentum to intensify, this ceiling will first need to be broken in the coming hours or days.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:- ethereum (ETH) made slight gains on hump day, as it continued to hover around the 1,580 mark.
Following a low of 1,554.40 on Tuesday, ETH/USD climbed to an intraday peak of 1,584.73 during the day.
Earlier gains have since eased, with ethereum now trading at 1,577.40, with short-term bulls still targeting the 1,600 zone.
This may be difficult to achieve as momentum appears bearish, with the 10-day (red) moving average continuing to trend downwards.
Whilst at a reading of 45.75, a ceiling awaits ETH’s price strength at the 49.00 zone, and should it move beyond this, there will likely be an influx of bulls.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) bulls consolidated recent gains on Wednesday, as traders appeared to be capturing profits following recent highs.
BTC/USD edged to a low of 28,172.91 earlier in today’s session, which comes a day after a high of 28,889.01.
Today’s price consolidation comes after the world’s largest cryptocurrency rose to as high as 30,000 earlier in the week.
the decline comes as the 14-day relative strength index (RSI) maintains its position marginally above a floor at the 62.00 level.
the index is tracking at a reading of 62.28, after a failed breakout from a resistance of 65.00 on Monday.
Price may continue to consolidate until either the aforementioned floor or ceiling is broken.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SOL update from Crypto Sanders.
Chart Analysis:-Solana (SOL) extended its own gains to start the weekend, as the cryptocurrency finally rose above 22.00.
SOL/USD peaked at 22.20 earlier in today’s session, which comes following Friday’s low at the 21.39 level.
Earlier gains have since eased as the day matured, which came after bulls began to close previous positions.
One reason for this can be attributed to the RSI, which collided with a ceiling around the 53.00 region.
the index is tracking at 53.02, with solana trading at 21.92, as momentum begins to shift.
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SHIB/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SHIB update from Crypto Sanders.
Chart Analysis:- (SHIB) rallied for a third straight session on Saturday, as the meme coin jumped nearly 4% higher in the day.
Following a low of 0.000006828 on Friday, SHIB/USD climbed to a peak of 0.000007099 to start the weekend.
This is the highest point that SHIB has hit since Monday, when the price was trading at a high of 0.00000721.
The rally started after bulls rejected a breakout of a floor at 0.00000670 earlier this week, and they now look to be taking the coin to a resistance level of 0.00000760.
it appears that the surge has resulted in the relative strength index (RSI) moving above its own ceiling at 45.00.
price strength is at a reading of 46.39, with the next visible point of resistance at 51.00.
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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) is largely unchanged at the time of writing, as the cryptocurrency consolidated to start the weekend.
ETH/USD reached a high of 1,571.75 on Friday, it has since fallen to a current reading of 1,546.80.
This is slightly higher than yesterday’s low at $1,538.09, marginally above a support point of 1,535.
The drop in price coincides with the RSI failing to breach its own point of resistance at the 40.00 mark.
price strength is at the 37.46 level, with the 10-day moving average trending downwards.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) retreated below the 27,000 level to start the weekend, after a late surge in price on Friday.
Following a low of 26,686.32 earlier in Friday’s session, BTC/USD peaked at a high of 27,092.70 as the day progressed.
BTC has since slipped, and is currently trading at 26,866.74, it is still higher than yesterday’s bottom.
The consolidation comes as the relative strength index (RSI) continues to hover above a floor at the 45.00 mark.
Whilst now tracking at 46.72, the next target is likely to be at a ceiling of 50.00, and if hit, bitcoin will be back above 27,000.
bitcoin is trading 4% lower than at the same point last week.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:- ethereum (ETH) remained in the red, following the recent decision by the Ethereum Foundation to trade 1,700 tokens.
After a high of 1,596.97 to start the week, ETH/USD retreated to a low of 1,553.01 late in yesterday’s session.
This saw the cryptocurrency hit a one-month low, prompting bulls to buy the dip, and pushing the price to a current reading of 1,580.44.
it seems that the recent decline has pushed the 10-day (red) moving average close to a downward cross with its 25-day (blue) counterpart.
In the event that this occurs, there will likely be further sell-offs, with ethereum almost certainly falling below 1,500.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) continued to trade below the 28,000 level on Tuesday before last month’s FOMC minutes were released.
BTC/USD peaked at 27,715.85 earlier in the day, less than 24 hours after hitting a low of 27,302.56.
although mid-term momentum appears bullish, bears seem to be looking to hit the 27,000 mark in the short term.
The relative strength index (RSI) of 14 days remains on a downward trend, with a current reading of 54.95.
This comes as price strength attempts to find a floor, following a move away from a resistance level of 60.00.
BTC is trading at 27,518.86, however, volatility will likely increase as we near tomorrow’s economic release.
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SHIB/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SHIB update from Crypto Sanders.
Chart Analysis:-Shiba Inu (SHIB) fell to a multi-month low to start the week, as markets slipped due to growing tensions in the Middle East.
SHIB/USD dropped to an intraday low of 0.000006894 on Monday, less than 24 hours after the price peaked at 0.000007221.
Today’s decline saw the meme coin fall to its weakest point since June 16, the last time the cryptocurrency slipped below a floor at 0.00000690.
The relative strength index (RSI) also dropped below a support point at the 37.00 mark.
price strength is tracking at 34.90, and appears to be moving towards the 30.00 region.
Should it drop below this point, SHIB will enter the oversold zone, which could then prompt bulls to buy the dip potentially.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SOL update from Crypto Sanders.
Chart Analysis decided to take a break this week and did not make a second attempt to break the resistance at $25. Nevertheless, it still managed to book a 15.6% price increase, making it the best performer on our list.
There is good support at $22, and buyers should return there if the price continues its current correction. Overall, SOL remains in a clear uptrend, and it could try to break the resistance at a later time after this pullback ends.
Solana still has a good opportunity to explore higher levels later in October. The current targets on the chart are $25, $28, and $30.
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XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this XRP update from Crypto Sanders.
Chart Analysis, Ripple, was another notable mover on Monday, falling by over 4% in today’s session.
After reaching a high of 0.5218 on Sunday, XRP/USD plunged to a bottom at 0.4975 earlier in the day
This resulted in the world’s fifth-largest cryptocurrency moving to its weakest point since September 18.
Monday’s move occurred as the RSI retreated towards a support level at the 43.00 mark for the first time in three weeks.
the index is now at a reading of 43.60, with ripple trading at 0.5014, following a three-day losing streak.
In the event that the RSI falls under 43.00, XRP will likely edge below 0.5000 in the upcoming days.
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ADA/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ADA update from Crypto Sanders.
Chart Analysis, Cardano finally managed to move above 25 cents, and the price has been rallying ever since confirming this level as support. This allowed the price to close the week with a 5% increase.
The next resistance on the chart is found at 28 cents. If this momentum is maintained, ADA could reach this later next week. This is a welcomed change in the price action since Cardano has been stuck in a downtrend for the past three months.
ADA has a good opportunity to capitalize on these recent gains and push higher, provided the overall market does not turn bearish.
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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) suffered heavy losses to start the week, with the price falling under the 1,600 zone.
ETH/USD moved to a bottom at 1,590.34 earlier in today’s session, which came a day after peaking at 1,638.90.
it appears that sellers are looking to push the world’s second-largest cryptocurrency to a floor at 1,560, before possibly taking profits.
Ethereum is now trading at a two-week low, with the RSI also hovering around its weakest point since late September.
Price strength is now tracking at 41.65, after recently slipping below a point of support at the 43.00 level.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) slipped for a second straight session on Monday, with traders retreating from high-risk assets, as tensions in the Middle East escalated.
Following a peak of 27,999.55 on Sunday, BTC/USD dropped to an intraday low of 27,445.89 earlier in the day.
bitcoin has been edging lower since Friday after bulls failed to orchestrate a break out above a ceiling at 28,300.
it now appears that momentum has shifted bearish, with bitcoin heading for a support point at 27,000.
The 14-day relative strength index (RSI) has also been on the decline, moving away from its resistance of 60.00, and is now tracking at 54.35
A target of 45.00 on the RSI will likely need to be hit if bears are to push BTC below the 27,000 level in the coming days.
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