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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BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) bears pushed the cryptocurrency to a two-month low on Friday, following the news that Spacex had liquidated its holdings in BTC.
After peaking at 28,525.11 during Thursday’s session, BTC/USD plunged to a bottom at 25,409.11 late last night.
This was the weakest point that Bitcoin had fallen to since June 16, when the price was near a breakout below 25,000
it appears that the sell-off came as the 14-day relative strength index (RSI) fell deep into oversold territory.
The index is now tracking at 20.10, the lowest level it has hit since January 2022, which ironically was when Tesla began to sell off its own holdings in Bitcoin.
Price has somewhat rebounded from earlier lows, and is now trading at 26,041.67.
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SOL/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana (SOL) surged higher on Tuesday, as sentiment in the token has remained largely bullish in recent days.
SOL/USD peaked at 25.24 during today’s session, which follows up from a low of 24.35 to start the week.
This climb saw solana trade at its highest point since July 29, when the price reached a high of 25.39.
The move came as the 10-day (red) moving average crossed over its 25-day (blue) counterpart.
Should upward momentum continue to intensify, the next target for traders will likely be around the 26.00 mark.
At the time of writing, SOL is trading at 24.82.
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TON/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this TON/USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Toncoin (TON) was also in the green in today’s session, as the price climbed for a sixth-consecutive session.
the rally came as the 10-day and 25-day moving averages neared an upwards cross.
One area of concern for bulls is the current reading of the RSI indicator, which is tracking at 66.91.
This is the highest area it has reached in the coin’s history, meaning it is greatly overbought, with bears potentially waiting to take advantage of this.
Following a low of 1.42 to start the week, TON/USD raced to an intraday peak of 1.49 earlier in the day.
As a result of today’s surge in price, toncoin moved to its strongest level since July 23, and closer to a ceiling of 1.50.
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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) has remained largely unchanged in the past few days, rising by 0.11% in the past week.
ETH/USD bottomed out at 1,837.21 so far during today’s session, which is almost 20.00 lower than Monday’s high.
Price has mostly consolidated around a support point of 1,830 in however, the prospect of a moving average crossover is keeping bullish hopes alive.
The 10-day (red), and 25-day (blue) moving averages are on the cusp of an upwards crossover, which could likely send prices above 1,900.
there will first need to be a breakout above a ceiling on the RSI indicator for this to take place.
On this occasion, the resistance point is at 47.00, and the index is currently tracking at 45.23.
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BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) Bitcoin (BTC) was trading in the red for the majority of the day, as price consolidated prior to the release of U.S. retail sales data.
After peaking at 29,660.25 to start the week, BTC/USD fell to a low of 29,272.35 earlier in today’s session.
Since moving above 30,000 on August 8, the world’s largest cryptocurrency has mostly trended sideways.
One reason for a lack of direction appears to be due to the relative strength index (RSI) tracking between a support and resistance of its own.
The index is currently at a reading of 47.57 and has mostly moved between a floor at 47.00, and a ceiling at 49.00 in recent days.
For bulls, a breakout above the 49.00 zone will also likely be the straw needed to break the camel’s back.
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DOGE/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this DOGE/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Dogecoin went down for the second session in a row.
DOGE/USD started the week down to a low of 0.07409, having touched a high of 0.07615 the day before.
Since hitting a multi-week high of 0.0776 on Saturday, Dogecoin has traded mostly in the red, seemingly due to massive profit-taking.
This phase of bearish pressure seems to be pushing the price toward key support near the 0.0730 area.
the 14-day Relative Strength Index (RSI) is hovering near its own floor, at 50.00.
the price strength is seen at 50.35, MEM coin is now trading at 0.07458.
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LINK/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this LINK/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Chainlink (LINK) snapped a four-day losing streak on Monday, despite the global market cap mostly tracking lower to start the week.
Following a low of 7.32 on Sunday, LINK/USD jumped to a peak of 7.54 earlier today.
Monday’s move sees the chainlink edge closer to a key resistance level of 7.65, which was last truly broken on July 30.
an upward crossover between the 10-day (red) and 25-day (blue) moving averages looks imminent.
there is a strong possibility that Chainlink may not only move past the aforementioned ceiling but closer to the 8.00 level.
LINK is tracking at 7.38.
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XRP/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, which fell by as much as 5% during today’s session.
After peaking at 0.6623 during yesterday’s session, XRP/USD plunged to a bottom at the 0.6253 level.
XRP, formerly Ripple, has been on the decline since its peak of 0.9479 on July 13, which was a 20-month high.
The latest drop coincided with the RSI failing to break out of a key resistance zone at the 46.00 region.
In the event momentum remains bearish throughout the week, XRP could be moving towards 0.5000.
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LINK/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this LINK/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Chainlink (LINK) was back in the red during today’s session, as bulls retreated following a recent three-day win streak.
After moving to a peak of 7.86 on Wednesday, LINK/USD slipped to a floor of 7.57 earlier in the day.
Thursday’s decline sees Chainlink slip away from a move toward a long-term ceiling at the 8.00 level.
One reason for the drop-off appears to be due to a collision with a ceiling of 58.00 on the relative strength index (RSI).
Currently, price strength is at a reading of 57.27, with the next visible floor at the 52.00 mark.
Should bears hit this target, LINK will likely be trading at 7.00.
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SOL/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana (SOL) remained in the green for a third consecutive session, as it continued its push towards 25.00.
SOL/USD jumped to a high of 24.91 on Wednesday, a day after falling to a bottom at the 23.21 level.
this saw the cryptocurrency climb to a ten-day high, and close in on a collision with the 25.00 ceiling.
This comes as the price strength nears its own resistance point at 60.00. It is currently reading at 58.27.
In the event it hits the 60.00 zone, there is a strong possibility solana will be trading above 25.00.
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SHIB/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this SHIB/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Shiba Inu (SHIB) was one of Wednesday’s notable movers, as the meme coin rose by over 10% during the day.
Following a low of 0.000009027 on Tuesday, SHIB/USD rallied to an intraday peak at 0.00001002 earlier in today’s session.
This is the second straight price rise for SHIB, and it has pushed the coin to its highest level since Sunday.
As a result of the surge in momentum, the 14–day relative strength index (RSI) has now collided with a ceiling of 66.00.
the index is tracking at 65.67, with Shiba Inu also falling from its previous high.
SHIB/USD is now trading at 0.000009749.
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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 also in the red during today’s session, as the price fell lower for a second consecutive day.
Following a high of 1,869.74 on Wednesday, ETH/USD slipped to a bottom of 1,845.49 earlier in the day.
Price slightly rebounded following the latest U.S. consumer price index, which marginally rose in July.
The recent volatility in ethereum comes as the RSI was unable to break out of a ceiling at the 51.00 mark.
Ethereum’s price strength is sitting at 49.12, with a price of 1,856.44.
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BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) gave up recent gains on Thursday, as markets reacted to the latest U.S. inflation report.
BTC/USD dropped to an intraday low of 29,376.80 earlier in today’s session, following a peak at 30,093.44 the day prior.
The decline sees Bitcoin retreat from its highest level since July 20, when the price peaked at a level of 30,421.
One of the reasons for the drop appears to be the 14-day relative strength index (RSI) falling below a recent ceiling of 51.00
the index is now tracking at a reading of 50.51, with a floor of 41.00 the next visible target.
In the event that price strength reaches this level, there is a good chance that BTC will fall below the 29,000 mark.
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SOL/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana (SOL) also made strong gains on Tuesday, with bulls pushing price towards the 24.00 level.
After starting the week at a low of 22.49, SOL/USD raced to an intraday peak of 23.68, earlier in the day.
Momentum seems to have shifted in favor of the bulls, with solana now trading at its highest point since last Wednesday.
This is now the third consecutive day that SOL has edged higher, resulting in the RSI nearing a collision with a ceiling at 53.00
Currently, price strength is tracking at 51.87, with a move to the aforementioned target likely to result in SOL moving above 24.00.
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LINK/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this LINK/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Chainlink (LINK) was one of Tuesday’s biggest movers, as the price surged by as much as 4% during the session.
LINK/USD hit an intraday peak of 7.42 earlier in the day, following a low of 7.00 to start the week.
Yesterday’s bottom was also a long-term support point, with bulls choosing to reject a breakout on this occasion.
This comes as the 14-day relative strength index (RSI) continued to move away from a floor at the 48.00 mark.
price strength is tracking at 52.20, close to a resistance zone of 53.00.
In the event this level is breached, there is a strong possibility that LINK could move towards 7.50.
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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) rose marginally after the Paypal news, with the price moving away from a recent support point.
Following a low of 1,804.72 to start the week, ETH/USD jumped to an intraday high of 1,836.06 on Tuesday.
Despite the slight rise in price, ethereum continues to trade below a recent resistance level of 1,850.
A positive for bulls, however, comes as the 14-day relative strength index (RSI) broke out of its ceiling at the 43.00 mark.
Currently, the index is tracking at a reading of 43.88, with the next resistance zone near the 50.00 point.
In the event this target is reached, ETH will likely be back above 1,900.
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BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) was back in the green on Tuesday, as the cryptocurrency made marginal gains during today’s session.
The move came as Paypal announced its USD stablecoin, which will be hosted on the ethereum blockchain.
Following the news, CEO Dan Schulman said: “Our commitment to responsible innovation and compliance, and our track record delivering new experiences to our customers, provides the foundation necessary to contribute to the growth of digital payments through Paypal USD.”
BTC/USD rose to a peak of 29,402.65 on the news, following a low of 28,724.14 the day prior.
Today’s peak sees bitcoin trade at its highest point since last Wednesday when it was above 30,000.
Tuesday’s rally has also brought the 10-day (red) moving average to the cusp of an upwards crossover with its 25-day (blue) counterpart.
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BCH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BCH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin cash (BCH) rose by as much as 5% to start the week, despite the wider market mostly trading lower.
BCH/USD jumped to a peak of 242.29 earlier in today’s session, following an earlier low of 219.27.
The move came after BCH briefly broke out of a support point at 220.00, with traders swooping in to buy the dip.
Another catalyst to the surge appears to be the 14-day relative strength index (RSI) moving past a ceiling of 48.00.
Currently, price strength is tracking at 49.48, which is marginally below the next point of resistance at 50.00.
In the event this level is breached, there is a strong possibility that BCH could move towards 260.00.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) was also largely unchanged on Monday, with price trading near a support level of 1,820.
ETH/USD peaked at 1,842.52 earlier in today’s session, following a move to a bottom at 1,824.12 on Sunday.
The price has since tailed off, with ethereum now trading around the 1,833.08 mark,
ETH’s lack of movement comes as the RSI has been unable to break out of a ceiling at the 43.00 zone.
Price strength is now at 42.11, with the next visible floor at 41.00, in the event bears capture market momentum.
Should this occur, a move below 1,800 could be the target.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) continued to hover near the 29,000 level to start the week, as market volatility was mostly muted on Monday.
After Sunday’s low at 28,963.83, BTC/USD jumped to a high of 29,166.82 earlier in today’s session.
The world’s largest cryptocurrency has mostly been trading between a support level of 28,800 and a resistance of $29,500 for the majority of the last week. the relative strength index (RSI) is also tracking near a floor of its own around the 42.00 mark.
In addition to this, the 10-day (red) moving average has begun to flatline following a downtrend, which is a sign of price stagnation.
Consolidation could likely continue until Wednesday’s inflation report in the United States.
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