XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, formerly Ripple, was one of today’s biggest movers, climbing by as much as 5% earlier in the day.
Following a low of 0.5036 yesterday, XRP/USD raced to a peak of 0.5455 during Friday’s session.
This resulted in the token hitting its highest point since August 29, which is the last time the price hit a ceiling of 0.5490.
it appears that the move came as the 14-day relative strength index (RSI) rose beyond a ceiling of its own at 56.00.
the index is tracking at 58.67, with the next visible point of support near the 60.00 mark.
In the event the 60.00 ceiling is broken, there is a good chance that XRP will climb beyond 0.5500.
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ETHEREUM UPDATE !!Hello friends, welcome to this Ethereum update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) continued to trend higher on Friday, breaking out of a key resistance level in the process.
ETH/USD peaked at 1,687.28 earlier in today’s session, which comes a day after trading at a low of 1,620.68.
This surge has resulted in ethereum climbing over a long-held ceiling at $1,670, hitting a one-month high in the process.
The latest uptrend coincided with the relative strength index moving beyond a ceiling of its own at 57.00. It is now tracking at 58.61.
Bulls will likely remain unsatisfied until they take ethereum back above 1,700, which hasn’t happened since the end of August.
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BITCOIN UPDATE !!Hello friends, welcome to this Bitcoin update from Crypto Sanders.
Chart Analysis:- Bitcoin remained above the 27,000 level on Friday, following a late rise in bullish sentiment towards the end of Thursday’s session.
Following a low of 26,424.95 on Thursday, BTC/USD raced to an intraday high of 27,259.50 earlier in the day.
bitcoin rose to its highest level since September 20, when its price peaked at 27,393.00.
However, earlier gains have since edged lower, mainly due to a collision in the relative strength index (RSI).
the index could not push past a resistance level of 58.00 and has since fallen to a reading of 56.57.
Traders could be awaiting the release of this afternoon’s consumer sentiment report in the United States, prior to deciding their next move.
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Major updates of Litecoin halving !!Hello friends, welcome to this Litecoin update from Crypto Sanders.
Chart Analysis:- Litecoin (LTC) has already experienced several halving events. Litecoin halving events occur approximately every four years, similar to Bitcoin, and they are designed to halve the block reward for miners.
First halving: occurred on August 25, 2015 – Block reward reduced from 50 LTC to 25 LTC.
Second halving: occurred on August 5, 2019 – Block reward reduced from 25 LTC to 12.5 LTC.
Third Halving: Occurred on August 6, 2023 – Block reward reduced from 12.5 LTC to 6.25 LTC. (This event is estimated based on a four-year half cycle.)
For the latest information on Litecoin halving events and its current status, I recommend checking a reliable cryptocurrency news source or the official Litecoin website.
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Can ETH Bounce From Here? Note the update !!Hello friends, welcome to this ETHEREUM update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) peaked at a one-week high earlier in the day, as the price remained above a key level of resistance.
After trading at a low of 1,585.37 on Wednesday, ETH/USD raced to an intraday peak at 1,635.46 during today’s session.
ethereum hit its highest point since September 20, when the price reached a high of 1,649.
This surge comes as the RSI continued to track above a ceiling at the 48.00 mark.
The 10-day (red) moving average also now appears to be nearing its 25-day (blue) counterpart, which is another sign of pending bullish sentiment.
An upward crossover will likely result in ethereum moving above 1,700.
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Can BTC Bounce From Here? Note the update !!Hello friends, welcome to this Bitcoin update from Crypto Sanders.
Chart Analysis:- After strong gains a day earlier, Bitcoin fell marginally on Thursday as crypto markets consolidated.
BTC/USD fell to an intraday low of 26,111.46 less than 24 hours after getting close to a breakout above the 27,000 level.
Overall, it appears that as the market approaches a point of uncertainty, traders have opted for safe profits.
On the 14-day Relative Strength Index (RSI) this area appears to be 51.00.
Strength in price is seen at 49.64 level, Bitcoin is now trading at 26,481.46.
Should the bulls move beyond this point, there is a good chance that the price could move back above 27,000.
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BNB/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BNB/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- BNB, formerly Binance coin, was another big mover on Tuesday, as the token rose for a back-back session.
BNB/USD reached a high of 213.19 earlier in the day, after starting the week at a low of 208.02.
the native token of cryptocurrency exchange Binance now seems to be pushing for a ceiling of 220.
BNB bulls will need to surpass an upcoming resistance point of 47.00 on the RSI indicator.
BNB is now at a reading of 44.41, with the token trading marginally lower at 211.74.
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BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BCH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin cash (BCH) was a notable gainer in today’s session, as the cryptocurrency climbed for a second straight day.
Following a low of 206.86 to start the week, BCH/USD peaked at 213.89 earlier in today’s session.
The move saw bitcoin cash close in on a resistance level of 225, which was last reached on September 18.
the move comes as the 10-day (red) moving average remained above its 25-day (blue) counterpart.
the relative strength index (RSI) has broken out of a ceiling at 52.00 and is now tracking at 54.50.
A point of resistance at 60.00 now seems to be the next target for bulls, and if hit, BCH will more than likely be above 225.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) also rose higher on Tuesday, after dropping to a key support point to start the week.
Following a low of 1,565.03 on Monday, ethereum rallied to an intraday high of 1,598.10 less than 24 hours later ETH bulls rejected a breakout below a floor at 1,565, but they also used this as a point of reentry, buying the dip in price.
the surge came as the floor of the RSI also held firm, acting as a springboard for traders.
ETH continues to hover below the 1,600 level, however, this could change following this afternoon’s consumer confidence report.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin was back in the green on Tuesday, as its price rebounded from a multi-week low during yesterday’s session.
BTC/USD peaked at 26,421.51 earlier today, which comes following a low of 26,011.47 the day prior.
Monday’s low saw the world’s largest cryptocurrency trade at its weakest point since September 13, after dropping below 25,800.
it appears that the rebound in price came as a result of the relative strength index (RSI), finding a floor of its own at 45.00.
price strength is now tracking at 45.84, with the next visible point of resistance at the 55.00 mark.
Should bulls reach the 55.00 level, there is a strong possibility that BTC will move close to the 27,000 zone.
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XLM/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this XLM/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Stellar (XLM) was also in the green in today’s session, after two consecutive days of price declines.
XLM/USD peaked at 0.1154 earlier in the day, which comes less than 24 hours after falling to a low of 0.1122.
As a result of the decline, bulls continued to push the token away from a recent floor at 0.1100, and back on course toward resistance at 0.1320.
Today’s rebound was helped by the RSI reaching a floor of its own at 37.00, and it is now tracking at 39.87.
A ceiling at 44.00 now awaits bulls and could be the main hurdle preventing further gains this weekend.
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XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP was back in the green on Friday after the Bulls abruptly ended a three-day win streak during yesterday’s session.
Following a low at 0.5025 on Thursday, XRP/USD moved to a peak at 0.5134 earlier in the day.
The surge saw XRP, formerly Ripple, once again make strides towards a key resistance level at 0.5450.
it appears that the rebound came as the relative strength index (RSI) climbed back above a ceiling of 47.00.
price strength is now sitting at 48.72, with the next visible ceiling near the 54.00 region.
In the event this target is hit, there is a strong likelihood that XRP will move above 0.5400.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) fell below the 1,600 level in today’s session, as bearish pressure continued to intensify.
Following a high of 1,601.54 on Thursday, ETH/USD slipped to an intraday low of 1,573.31 later in the day.
This was the lowest point ethereum had fallen to since September 12, when the price bottomed out at 1,549.
Bulls have since bought this dip, with the world’s second-largest cryptocurrency rebounding to a current level of 1,597.46.
the 10-day (red) and 25-day (blue) moving averages have neared one another, with the prospect of an upward cross seeming imminent.
Should this occur, there could be a bull run in ETH this weekend.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- After falling to its lowest point since Monday late in yesterday’s session, bitcoin (BTC) was marginally higher today.
BTC/USD fell to a low of 26,389.30 on Thursday, and at the time of writing, has rebounded to 26,641.77.
still remains below yesterday’s peak of 26,786.10 and almost 1,000 away from a recent three-week high.
The decline comes as the 14-day relative strength index (RSI) fell to a one-week low in the last 24 hours, before finding a stable floor.
price strength is tracking at 50.77, which is marginally above the aforementioned support at 50.00.
Should bulls opt to reenter after recent days of consolidation, they will likely target the 56.00 level on the indicator.
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TON/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this TON/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Toncoin (TON) fell by as much as 7% on Thursday, after recently climbing to its highest point in nine months.
TON/USD dropped to a low of 2.31 earlier in the day, after peaking at 2.49 less than 24 hours ago.
The drop came as toncoin bulls seemingly opted to secure gains, following a recent surge to its strongest point since late January.
After tracking deep in the overbought region in the past few days, toncoin’s RSI is now sitting at 65.19.
It appears that the next support point for price strength could be at 56.00, which may mean more profit-taking could be on the cards.
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SHIB/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this SHIB/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Shiba Inu (SHIB) moved lower during today’s session, as the Bears ended a three-day winning streak.
After peaking at 0.000007527 on Wednesday, SHIB/USD slipped to a bottom of 0.00000725 earlier in the day.
The decline came as bulls were unable to move beyond a ceiling at 0.00000755, giving way to downward pressure in the process.
it appears that the shift in momentum came after the relative strength index (RSI) failed to break a key ceiling.
The index was unable to penetrate a resistance level of 43.00 and is now tracking at a reading of 40.09.
Should the price continue to fall in the coming days, the landing spot could likely be a point of support at 0.00000710.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) neared a drop below a key price level in today’s session, hitting a one-week low in the process.
ETH/USD slipped to an intraday low of 1,606.18 earlier in the day, following Wednesday’s peak at 1,639.35.
Thursday’s decline pushed ethereum to its weakest point since September 13, which was the last time price was below 1,600.
Since failing to break out of a ceiling at 49.00, the RSI has moved closer into oversold territory and now tracks at 41.52.
Bears seem to be looking to land at a point of support at 35.00, which could lead ETH to hit the 1,575 floor.
Bulls are possibly still waiting in the wings, as the 10-day (red) and 25-day (blue) moving averages have still not crossed.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin fell for a second consecutive day after the U.S. Federal Reserve interest rate decision.
Following a high of 27,289.77 on Wednesday, BTC/USD dropped to a low of 26,703.77 earlier in today’s session.
The Fed’s decision to pause has led to dollar strength, with USD hitting its most substantial level since April versus the British pound.
As a result of the BTC drop, the 14-day relative strength index (RSI) fell below a support point at the 55.00 level.
Price strength now stands at 52.45, and appears to be heading for a lower floor near the 45.00 region.
Should the index fall to this floor, there is a good chance that Bitcoin could be hovering near 26,000.
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MATIC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this MATIC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Polygon (MATIC) also hit multi-week highs on Wednesday.
MATIC/USD reached 0.5486 at the start of today's session, bouncing back from a low of 0.536 a day earlier.
The move pushed Polygon to its strongest level since September 8, when the token reached a high of 0.5586.
Earlier gains have faded, and the RSI appears to have failed to break out of its range at the 49.00 mark.
Currently, price strength stands at 47.34, however, momentum remains largely bullish ahead of a potential moving average crossover.
The 10-day (red) and 25-day (blue) trend lines are on the verge of moving up, which could lead to a fresh surge in prices.
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XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, formerly Ripple, was a notable gainer in today’s session, as the token raced to a multi-week high.
Following a low of 0.5092 on Tuesday, XRP/USD raced to an intraday peak at 0.5233 earlier in the day.
As a result of the surge in price, XRP climbed to its highest point since August 31, when the price peaked at 0.5285.
the move came as the relative strength index (RSI) broke free of a ceiling at 48.00.
At the time of writing, the index is tracking at 50.66, with bulls possibly targeting a ceiling at 58.00.
In the event traders reach this target, there is a strong chance XRP will move above 0.5500.
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ETH/USDT 8HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) also slipped lower during today’s session, which can also be attributed to traders opting to secure gains.
Following a high of 1,669.02 on Tuesday, ETH/USD dropped to a low of 1,621.36 earlier in the day.
the world’s second-largest cryptocurrency fell close to a support point of 1,620.
Price has since rebounded, with ethereum trading at 1,631 at the time of writing, owing to bulls choosing to reject a breakout.
An earlier failed breakout attempt seems to be the reason for the decline, with the RSI unable to rise above a ceiling of 49.00.
Price strength now sits at 45.72, with a floor of 40.00 as a possible target for short sellers.
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BTC/USDT 8HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin started the day trading marginally lower, as markets prepared for the highly anticipated Federal Reserve interest rate decision.
BTC/USD dropped to an intraday low of 26,918.32 on Wednesday, following a peak at 27,488.76 the day prior.
the FOMC will give an economic forecast, which could provide some forward guidance on future policy decisions.
One of the catalysts for the drop in price was the relative strength index (RSI), which fell below a ceiling at the 60.00 mark.
The index is now tracking around the 57.08 level and is moving towards a support point at 55.00.
momentum remains largely bullish, with today’s decline largely due to profit-taking ahead of the Fed announcement.
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ETH/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ETH successfully retested above the descending triangle with a decent volume and it also breakout the Ichimoku cloud. Currently, it is retesting above the Ichimoku cloud and an effective retest would confirm the continuation of the bullish move.
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