BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Volatility was back in cryptocurrency markets on Friday, as bitcoin (BTC) bulls pushed the price above the 26,000 level.
BTC/USD peaked at 26,414.01 earlier in today’s session, however, this was short-lived, as the price now sits at 25,795.12.
Today’s move was the highest BTC has hit since last Thursday, and came following a breakout of a ceiling at 26,400.
previous bulls seem to have immediately liquidated their positions after the price moved beyond this point.
The relative strength index (RSI) also hit a resistance level of its own at 45.00, before retreating to a current reading of 39.18.
this drop shows that market sentiment remains bearish, despite the slight spark seen earlier in the day.
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XLM/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XLM/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Stellar (XLM) also hovered in the green, as the price remained near a resistance level of 0.1300.
XLM/USD rose to a peak of 0.1243 earlier in the day, which comes following a low of 0.1178 the day prior.
The move comes as the 10-day (red) moving average approaches an upward crossover with its 25-day (blue) counterpart.
the RSI is on the cusp of breaking out of a key resistance level of 50.00, which has been held for close to a month.
Bulls will potentially aim to penetrate this point in the coming days, taking the price near a ceiling of $0.1400.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin was trading marginally lower on Thursday, as the cryptocurrency moved below a key point of support.
BTC/USD bottomed out at 25,404.36 earlier in the day, less than 24 hours after peaking at 25,953.02.
The decline saw Bitcoin fall under a price floor of 25,600 before bulls intervened to send the cryptocurrency higher.
BTC is now trading at 25,701.34, which sees its price below 26,000 for a third straight day.
Although sentiment has been mostly bearish, price stability has largely remained, with traders so far avoiding a drop under 25,000.
This could be tested as we head towards next week, with several key economic announcements set to be released in the United States.
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XRP/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- A closer look at the daily chart shows a notable drop in XRP price due to elevated selling pressure and an increasing bearish sentiment.
The price slipped beneath the crucial 100-day MA at 0.55, reaching the 200-day moving average at 0.5. This downward movement has disrupted the bullish trend, resulting in a rejection.
a sudden rebound pushed the price back above the 200-day moving average (the Grayscale’s win over the SEC pump), only to reencounter rejection, leading to another dip below the significant MA. This particular support area carries substantial weight, and if support holds, it has the potential to halt further declines.
Nevertheless, a breakdown below the 200-day MA, followed by a subsequent pullback, could signal the beginning of a medium to long-term bearish trend.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) remained close to the 1,630 level during today’s session, despite attempts by bears to force a breakout below 1,600.
ETH/USD has climbed away from an earlier low of 1,610.14 on Wednesday, with the price going on to peak at 1,635.29.
the 10-day (red) and 25-day (blue) moving averages seem set for an imminent upwards cross, however price has yet to react to the prospect.
Ethereum’s price strength now sits at a reading of 36.80, marginally above a floor of 36.00, however, a ceiling of 44.00 is likely the real target for traders.
Should a reversal happen in the coming days, a move to this point of resistance will be enough to send ETH past 1,700.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin’s consolidation continued on Wednesday, as bulls remained on the sidelines, despite the prospect of a “death cross.”
The term refers to an entangling between moving averages, in this instance the 10-day (red) and 25-day (blue) trendlines.
Despite the potential for this to occur, BTC/USD bottomed out at 25,628.61, which is marginally lower than Tuesday’s high of 25,858.37.
price consolidation comes as the relative strength index (RSI), flatlines close to a support of its own at 35.00.
Bulls have so far rejected a move below this point, however, in the event that this occurs, BTC could fall below 25,000.
Longer-term Bitcoiners could be hoping for this, as a means of buying at an even lower rate.
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DOGE/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this DOGE/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Dogecoin ended an 8-day losing streak as prices rebounded from a recent point of support.
Following a low of 0.06246 DOGE/USD rallied to an intraday peak of 0.06422 earlier in today’s session.
The move comes as the meme coin surged from a floor at 0.0620, with bulls now likely targeting a ceiling of 0.0680.
the bounce in price comes as the 14-day relative strength index (RSI) rose from a floor of 39.00.
the index is tracking at 42.66, with the next point of resistance around 47.00.
In the event that this is broken, there is a good chance that DOGE will move back towards 0.07000.
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XLM/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XLM/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XLM was one of the biggest movers, as the cryptocurrency rose by as much as 7% in today’s session.
After trading at a low of 0.1147 on Sunday, XLM/USD moved to an intraday peak of 0.126 earlier in the day.
This surge sees a stellar climb higher for a second consecutive day, following a rebound from a floor of 0.110.
Earlier gains have already begun to ease, which comes due to the relative strength index (RSI) colliding with a ceiling of 49.00.
the index is now tracking at 49.48, with the next point of resistance around 54.00.
Overall, bulls seem to have set their sights on the 0.135 level.
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ETH/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- 4-hour timeframe, it becomes evident that the downward trajectory was momentarily halted when Ethereum reached the substantial 1.6K support region. This indecision led to a brief consolidation phase marked by low volatility. However, the price experienced a sudden surge (the Grayscale pump), marked by the emergence of a substantial green candle.
However, buying pressure weakened as the price ascended and approached the critical 61.8% Fibonacci retracement level, prompting a reversal. Consequently, the price embarked on another impulsive retracement, driving it back towards the 1.6K range. Furthermore, Ethereum has formed a bearish continuation flag pattern, and it is currently attempting to breach the lower boundary of this pattern.
Because the 1.6K threshold holds significant psychological importance, if sellers successfully push the price below this critical level, the market could potentially witness another quick and steep plummet toward lower price thresholds.
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BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- 4-hour chart, the recent price action becomes a lot clearer. The market has recently been rejected from the 27,500 short-term resistance level and has been declining towards the 25K support area.
The RSI indicator is also showing values below 50%, emphasizing the current bearish momentum in price. Therefore, if the 25K level breaks down, things can get ugly quickly.
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ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) narrowly avoided a move below 1,600 over the last 24 hours, despite market sentiment seemingly remaining bearish.
Following a drop to a bottom of 1,603.03 on Sunday, ETH/USD climbed to a peak of 1,650.71 to start the week.
The price of the world’s second-largest cryptocurrency has since slipped, and as of writing is now trading at 1,633.67.
After almost dropping below 1,600, downward momentum eased as Ethereum’s RSI found a stable support point of 36.00.
price strength is now tracking at a reading of 36.79, with the 10-day (red) and 25-day (blue) moving averages on the cusp of an upward cross.
RSI remains above 36.00, there is a good chance that ETH will move above 1,700 in the coming days.
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XRP/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- the price has held above the 200-day moving average, around the $0.5 mark, over the past few weeks. However, the price is currently testing the 200-day moving average. If this moving average breaks down, the price will drop quickly towards the $0.43 level.
On the other hand, if the price rebounds from the 200-day MA, this could lead to a bullish move towards the $0.55 resistance zone. Yet, given the RSI indicator showing values below 50%, it is more likely that the bearish scenario will play out.
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ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- After almost falling below 1,600 on Friday, ethereum (ETH) was mostly higher to start the weekend’s session.
ETH/USD peaked at 1,650.71 earlier in the day, but momentum has since dropped, with the price now at 1,635.02.
The world’s second-largest cryptocurrency has not been able to move back above 1,650, which has been a point of price support.
it appears that ETH managed to avoid dropping under 1,600 due to the relative strength index (RSI) colliding with a floor at 36.00.
price strength is now tracking at a reading of 37.04, with the next visible ceiling at 49.00.
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BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin continued to trend lower on Saturday, as the bears were once again in control of crypto market sentiment.
Following a high of 28,148 on Tuesday, BTC/USD started the weekend falling to a low of 25,362.61.
The decline has come as a result of profit-taking, and also the changing economic climate in the United States.
Consumer spending is slowing, whilst the labor market remains tight as a result of increasing interest rates.
today’s decline pushed bitcoin below a key support point of 25,600, however, bulls have since reentered.
BTC is now trading at 25,818.66, with a target of 26,000 likely to be present throughout the weekend.
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ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) bulls made an appearance over the past 24 hours, pushing prices above 1,700 in the process.
ETH/USD rose to an intraday high of 1,742.64 during Tuesday’s session, after trading by as much as 100.00 lower earlier in the day.
this saw ethereum move to its highest level in almost two weeks, and close to a resistance level of 1,750.
This rally has since lost momentum, with price strength running into a wall at the 49.00 mark, and is now at a reading of 46.85.
A floor of 41.00 now awaits if bulls continue to capture recent profits, giving way to bears to reenter.
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BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin moved back over the 28,000 level during the last several hours, following Grayscale’s court win over the Securities and Exchanges Commission.
After trading at a low of 25,998.08 earlier in the day, BTC/USD peaked at 28,089.34 late on Tuesday.
This pushed the world’s largest cryptocurrency to its highest point since August 17, when the price was on the cusp of 29,000.
Earlier gains have since fallen, as traders have seemingly captured profits, with bitcoin now trading at 27,353.52.
this comes as the relative strength index (RSI), reached a ceiling of 53.00, before falling lower.
the index is now tracking at 48.52.
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DOGE/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this DOGE/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- dogecoin (DOGE) was also in the green to start the weekend, as it bounced from a floor of its own.
After trading at a low of 0.06079 during Friday’s session, DOGE/USD surged to a peak of 0.06385 earlier in the day.
The jump in price came as the meme coin moved away from a support point of $0.0600, which is near a recent two-month low.
Similar to XLM, the RSI on the dogecoin chart has bounced from a support point at the 30.00 mark, and is now tracking at 34.13.
The next visible point of resistance is at the 44.00 mark, and should this point be hit, DOGE will likely be near 0.06600.
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XLM/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XLM/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Stellar (XLM) rose higher on Saturday, following a recent six-day losing streak which pushed the price to a multi-month low.
XLM/USD climbed to an intraday peak at 0.12 earlier in today’s session, which comes following a low of 0.1115 the day prior.
The move comes as Stellar continued to move away from a support point at 0.110, which was hit on Thursday.
This was the first time the price collided with this floor since mid-June and comes as the relative strength index (RSI) hit its own floor at 30.00.
the index has also rebounded and is now tracking at 34.84, which is marginally below a ceiling of 36.00.
Should it push past this point, the next likely price target will be around a ceiling of $0.1340.
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ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) was marginally higher on Saturday, as the price rebounded from a recent move below 1,600.
Following a high of 1,695.45 on Friday, ETH/USD fell to a bottom of 1,644.93 to start the weekend.
On Thursday, ethereum dropped to a low of 1,540, which was its weakest point since March 12, when the price was trading below the 1,459 level.
The 10-day (red) moving average is now firmly on a downward trend, after appearing as though it was nearing an upwards cross earlier in the week.
ethereum seems to have found a firm floor around the 1,660 level.
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BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bears continued to circle Bitcoin (BTC) to start the weekend, as the cryptocurrency had its biggest one-day decline since the collapse of FTX.
BTC/USD dropped to a low of 25,668.92 on Saturday, which comes less than 24 hours after trading at a high of 26,598.65.
bitcoin remains close to a two-month low, with some traders targeting a breakout below 25,000.
the relative strength index (RSI) is deep in bearish territory, with a current reading of 18.56.
Price strength hasn’t tracked below 20.00 since January last year, which for some was the beginning of the so-called “crypto winter”.
Should there be further declines this weekend, the target will likely be a support point of 24,900.
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XRP/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, formerly Ripple, had significant declines on Friday, falling to a multi-month low of its own.
After climbing to a high of 0.5852 on Thursday, XRP/USD dropped to an intraday low of 0.4681 later in the session.
The move saw XRP dive to its weakest point since May 16, when the price traded around the 0.4300 region.
This drop saw the token marginally break out of a critical support point at 0.4600, wiping out all gains accrued following the ripple ruling.
price strength is now oversold, which prompted bulls to reenter, pushing XRP slightly higher.
the token is trading at 0.5087.
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LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this LTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Litecoin (LTC) fell by as much as 15% on Friday, as a red wave washed over the cryptocurrency market.
LTC/USD fell to a low of 61.76 late on Thursday, which came following a high of 74.73 earlier in the day.
This decline pushed LTC to its lowest point since December 19, when the price traded to a low of 61.00.
As a result of this sell-off, the relative strength index (RSI) fell below the 30.00 level, which means the price is oversold.
the index is tracking at 18.21, its weakest point since November 2018.
The price has since moved away from earlier lows and is currently trading at 64.80.
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ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) also moved significantly lower following the news, slipping below 1,600.
ETH/USD dropped to an intraday low of 1,551.71 on Friday, down nearly 200.00 from Thursday’s peak.
This is the weakest reading for ethereum since March 12, when the price was trading below the 1,459 level.
today’s sell-off has moved the RSI into a bear zone, with a current reading of 21.30.
This could work in favor of bulls looking to buy the dip, and to a degree already has, with ETH now trading at 1,661.05.
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