BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin moved above the 30,000 level in today’s session, ahead of a testimony by the chair of the Federal Reserve, Jerome Powell.
Powell will be speaking today for the first time since the Fed’s decision to keep interest rates unchanged in June.
BTC/USD hit a peak at 30,737.33 earlier in the day.
This is the strongest point that Bitcoin has hit since April 14, when the price reached a top at 31,050.
Another major catalyst for the move was a crossover of moving averages (MA), with the 10-day (red) MA, moving above its 25-day (blue) counterpart. the relative strength index (RSI) has also marginally broken out of a ceiling at 70.00 and is now tracking at 70.88.
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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 marginally in the green in today’s session, with price hovering close to a recent support point.
ETH/USD hit an intraday peak of 1,748.64 earlier in the day, before retreating to a low less than 24 hours after climbing from a floor at 1,705.81.
ethereum has slipped back to a support point at 1,725, a point where it has consolidated for the past four days.
this retreat occurred as the RSI ran into a ceiling of its own at the 44.00 mark.
the index now sits at the 42.21 mark, and appears to be heading to a lower floor at 40.00.
Should strength fall below that mark, there is a good chance that ETH will drop below 1,700 in the coming days.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin rose to a two-week high on Tuesday, as bullish sentiment made a gradual return to the marketplace.
Following a low of 26,338.54 to start the week, BTC/USD rose to an intraday high of 27,147.47 on Tuesday.
bitcoin rose to its strongest point since June 7, when it peaked at 27,402.
it appears that today’s rally coincided with the relative strength index (RSI) also breaking out of a ceiling of its own at the 50.00 mark.
Price strength now stands at 51.71 with the next visible resistance level at 57.00.
In the event bulls are able to send the index to this point, there is a good chance that BTC will be above 28,500.
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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) also rebounded strongly to start the weekend, days after falling to a three-month low
Following a low of 1,653.17 on Friday, ETH/USD raced to an intraday peak at the 1,766.76 level earlier today.
ETH fell to a bottom at 1,620 on Thursday, which was the weakest point that the price had hit since March 13.
a breakout of the RSI was one of the triggers of the move, with price strength climbing past a ceiling of 41.00.
The index is currently at a reading of 43.79, with the next resistance level at the 50.00 mark.
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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) surged on Saturday, as bulls of the cryptocurrency moved to buy the recent dip in price.
BTC/USD rose to a high of 26,769.39 to start the weekend, which comes less than a day after trading at a low of 25,245.36.
The move pushed the price to its highest point since May 8, a day when the price was at a peak of 26,820.
Looking at the chart, the rally came when the 14-day relative strength index (RSI) finally broke out of a key ceiling at 43.00.
the index is tracking at 50.55, which is close to a new resistance at the 51.00 level.
Traders are likely targeting the 27,300 level and could hit this if the momentum continues to be bullish this 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) moved marginally higher, however, it continued to trade below 1,800.
ETH/USD jumped to a high of 1,757.89 earlier in today’s session, which comes a day after the price was at a bottom of 1,723.09.
The latest surge came as bulls took charge at a floor of 1,730, with the RSI bouncing from a floor of its own at 38.00.
price strength is tracking at 39.33, with the next visible point of resistance being 43.00.
Should the index move beyond the aforementioned ceiling, there is a strong possibility that ETH will climb to 1,800.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ahead of the upcoming inflation report in the United States, bitcoin (BTC) moved back above the 26,000 level.
Following a low of 25,686.04 to start the week, BTC/USD raced to a peak of 26,261.14 earlier today.
The move saw Bitcoin near a recent resistance level at 26,300,
one of the last hurdles stopping bulls from moving toward 27,000
In order to get towards this level, a ceiling on the relative strength index (RSI) will also need to be broken.
47.00 level on the indicator, and as of writing, price strength is currently tracking at 44.02.
The 10-day (red) moving average will need also to shift course, and divert away from its current downward path.
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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) started the weekend trading below 26,000, as traders continued to react to the fallout of the SEC’s cryptocurrency crackdown.
The latest domino to fall came from Robinhood, which moved to delist several altcoins from its platform, including Solana and Cardano.
BTC/USD fell to an intraday low of 25,502 in the news, a day after the price peaked at 26,770.
the latest downturn came as the 14-day relative strength index (RSI) fell toward a floor at 39.00
the index is tracking marginally above this point at 40.06.
In addition to this, the 10-day (red) moving average has extended its low cross versus its 25-day (blue) counterpart, putting further emphasis on the current bearish sentiment.
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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) moved marginally higher during Friday’s session, as the focus for traders begins to be next week’s Fed rate decision.
Following a low of 26,339.32 on Thursday, BTC/USD jumped to an intraday peak of 26,797.51 earlier today.
The move comes as bulls bounced from a price floor at 26,300, with a ceiling at 27,200 now a potential target.
In order to get closer to this point, the 14-day relative strength index (RSI) will need to move past a ceiling at 47.00
the index is tracking at 46.21, with bitcoin trading around the 26,600 level. the 10-day (red) moving average remains in a downtrend, following a cross with its 25-day (blue) counterpart.
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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) edged lower in today’s session, a day after prices neared a breakout above the 1,900 level.
Following a high of 1,896 on Wednesday, ETH/USD dropped to an intraday low of 1,822.30.
ethereum moved below a key support point of 1,830, before bulls moved to stabilize this level.
it appears that bulls decided to reenter the market as the RSI found its own floor at 47.00.
Currently, the index is at a reading of 48.52, which is marginally below a ceiling at 49.00.
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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) consolidated during Thursday’s session, as market volatility remained high ahead of next week’s Federal Reserve interest rate decision
BTC/USD slipped to a low of 26,146.99 earlier in the day, which comes less than 24 hours after trading at 26,897.25.
Today’s move saw the world’s largest cryptocurrency briefly break out of a key support point at 26,300.
BTC bulls have moved to buy the dip in price, with the cryptocurrency now once again above this floor.
This comes as the relative strength index (RSI) pivots from a recent free fall, and is now en route to a ceiling at 47.00.
the index is tracking at 44.87, which comes as the 10-day (red) moving average fell below its 25-day (blue) counterpart.
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PEPE/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this PEPE/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Pepe (PEPE), which is known for being a deflationary meme coin, rose by over 13% in today’s session.
Following a low of 0.0000009764 on Tuesday, PEPE/USD made a move to a peak of 0.000001257 earlier today.
pepe briefly broke out of a price ceiling at 0.000001200, however was unable to sustain the move.
the coin is currently trading at 0.000001135, which comes as the relative strength index (RSI) sits below its own ceiling.
The index is tracking at 49.15, which is marginally below a key level of resistance at the 53.00 mark.
Should bulls push past this point, there is a good chance that PEPE will make another move above 0.000001200
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ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Cardano (ADA) plunged to a three-month low on Thursday, as traders remained nervous, following the recent U.S. Securities and Exchange Commission (SEC) lawsuits.
After a high of 0.3376 on Wednesday, ADA/USD dropped to a bottom at 0.3196 earlier in today’s session.
The drop pushed the token to its lowest level since March 15, when price was at a bottom of 0.3166.
this decline came as the relative strength index (RSI) moved deep into oversold territory, falling to a low below 30.00.
The index has since rebounded, and is tracking at 34.21, which is marginally above a key level of resistance at the 33.00 mark.
Should this upward momentum continue, bulls will look to recapture the 0.3500 level.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS.
CHART ANALYSIS:- Solana (SOL) also fell big in today’s session, losing over 9% of its value.
After a high of 21.54 to start the week, SOL/USD slipped to an intraday low of 19.42 earlier today.
Following the plunge in price, Solana fell to its lowest point since May 27, when it was last below 20.00.
today’s decline came as a result of a breakout that occurred on the RSI indicator.
Price Strength fell below a key point of support at 42.00, and is currently at a reading of 40.63.
In the event that bearish pressure intensifies, the next target could be a lower floor at 18.50.
This is not a piece of financial advice.
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DOGE/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this DOGE/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Dogecoin (DOGE) fell to a three-month low on Tuesday, as traders continued to react to the news that the SEC had sued both Binance and Coinbase.
The Coinbase suit alleges that the exchange has been operating as an unregistered broker, whilst Binance has been accused of violating U.S. securities laws.
DOGE/USD dropped to a low of 0.06483 on the news, which is its weakest point since March 10.
The sell-off comes a day after the meme coin was trading at a peak of 0.07163, but it has gone on to drop by over 7%.
the decline came as the relative strength index (RSI) moved below a floor of 33.00
the index is deep in oversold territory and is currently tracking at 29.33.
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LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS Welcome to this quick LTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Litecoin (LTC) was one of Monday’s biggest losers, as prices fell by as much as 5%.
Following a high of 96.36 on Sunday, LTC/USD sank to an intraday bottom at the 91.79 level.
This drop sees Litecoin fall for a second consecutive session, after a false breakout of a ceiling at 96.00
prices were relatively overbought, with the RSI hovering close to a ceiling at 62.00, prior to the decline.
Previous LTC bulls likely shifted their positions due to the proximity to the aforementioned resistance point.
the index is now tracking at 52.00 after this sell-off, with a floor at 50.00 as a potential landing zone.
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XRP/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, formerly Ripple, remained near a multi-month high on Monday, despite today’s bearish sentiment.
XRP/USD rose to a peak of 0.5447 to start the week, which is marginally lower than Sunday’s high at 0.5466.
ripple remains close to its highest level since March 30, which saw markets peak at 0.5575.
the drop off from Sunday comes as traders opt to secure gains, which coincides with the relative strength index (RSI) dropping out of a support point.
Price strength fell below the floor at 69.00 earlier in the day, and is currently tracking at 67.75.
Should momentum continue in this direction, XRP bears will likely target a floor at 0.5090.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) was also a victim of the recent storm surrounding the market, with prices dropping below 1,800.
Following a high at 1,870.82 to start the week, ETH/USD slipped to an intraday low of 1,780.21 earlier today.
the decline in ETH was relatively muted, with prices hitting a ten-day low.
ethereum is now down by 6% in the last seven days, while Bitcoin has lost over 8% of its value within that same period.
Ethereum’s RSI reading currently sits close to a support point at 42.00.
bulls have moved to buy the earlier dip, with ETH now trading at 1,814.38.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) sank to a multi-month low on Tuesday, as markets reacted to the news that Binance has been sued by the SEC.
BTC/USD dropped to a bottom at 25,445.17 earlier in today’s session, a day after trading at a high of 26,810.22.
This decline pushed Bitcoin to its weakest point since March 17, when it was at a low of 24,946.
the drop in price coincided with the 14-day relative strength index (RSI) falling below a floor of 38.00.
the index is tracking at 36.12, its weakest point since mid-March.
Despite a recent upwards crossover of moving averages (MA), the 10-day trendline has now firmly shifted direction.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) also suffered from the day’s volatility, with prices again moving below 1,900.
ETH/USD dropped to a bottom at 1,864.17 to start the week, a day after trading at 1,912.21.
The decline is the third day the world’s second-largest cryptocurrency has fallen lower.
Should bears continue to control market sentiment, ETH will likely hit a floor at the 1,830 level.
Price strength is currently at a reading of 51.57, with a point of support close, at the 51.00 zone.
If this level is broken, there will likely be an influx of bearish activity.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) was trading below the 27,000 level on Monday, as crypto market volatility remained high to start the week.
Following a high of 27,407.02 on Sunday, BTC/USD slipped to an intraday low of 26,712.73 earlier in today’s session.
the relative strength index (RSI) fell below a recent support point at the 47.00 level.
The index is now tracking at 44.43, which is marginally above an upcoming floor at the 43.00 mark.
Should bears retreat to this point, there is a strong possibility that BTC could collide with a floor of its own at 26,300.
there is still some optimism from bulls that a recent upwards cross of moving averages could point to an upcoming shift in momentum.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) also moved higher in today’s session, climbing closer to the 1,900 level in the process.
ETH/USD jumped to an intraday high at 1,896.62 earlier in the day, less than 24 hours after hitting a low of 1,851.96.
Friday’s rally saw the world’s second-largest cryptocurrency end a two-day downturn, following a bounce from a floor of 1,830 on Thursday.
a bounce on the RSI also took place, with price strength jumping from support at 51.00.
The next visible point of resistance now appears to be at 59.00, and should ETH reach this point, the price will be closer to $1,930.
ethereum is trading at 1,903.49.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin (BTC) snapped a four-day losing streak on Friday, after it was reported that the U.S. Senate had passed the bill to increase the debt ceiling.
This comes ahead of Monday’s deadline, which could have resulted in the government running out of cash, had the bill not been approved.
BTC/USD raced to a peak of 27,203.32, which comes a day after dropping to a bottom at 26,574.64.
it appears that this move took place after bears were unable to break a long-term floor at 26,500, prompting bulls to reenter the market.
the relative strength index (RSI) moved above a floor of its own at 46.00, and is currently tracking at 48.12.
The next test to see if bitcoin can sustain this momentum will come at the 27,500 ceiling. If passed, there is a good chance that price will be above 28,000 this weekend.
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