ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also edged lower, with price nearing a breakout below the 1,900 mark.
Two days after hitting a peak at 2,105, ETH/USD dropped to a low of 1,904.42 earlier in today’s session.
This decline has resulted in the world’s second-largest cryptocurrency now trading at its lowest level in eight days.
Overall, ethereum is trading nearly 10% lower than at the same time last week, when it rose above 2,000 for the first time since last May.
The RSI has also significantly dropped, with the index breaking out of a floor at the 53.00 level, and it is now at a reading of 49.46.
Should momentum continue to fall, bears will likely be targeting a point of support at 44.50.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) moved lower for a third consecutive session on Friday, as prices slipped below the 28,000 mark.
Following a high of 28,906.25 on Thursday, BTC/USD dropped to an intraday low of 27,855.96 earlier in the day.
As a result of this move, bitcoin fell to its weakest point since April 9, which was the last time price hit a floor of 27,800.
Since nearing this point, BTC bulls have reentered the market, and have pushed prices back above 28,000.
One of the catalysts for today’s drop came as the 14-day relative strength index (RSI) fell to a floor of its own at 46.00.
The index has marginally risen from this low and is tracking at 46.35 when writing.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) slipped to a one-week low in today’s session, as traders attempted to find a point of support.
Following a high of 2,005.44 on Wednesday, ETH/USD dropped to a bottom at 1,928.58 earlier in the day.
As a result of this drop, ethereum fell to its weakest point since April 13, a day which saw ETH hover marginally above 1,900.
At the time of writing, ETH has rebounded, which appears to be due to its RSI bouncing from a floor at 52.00.
Ethereum is currently trading at 1,945.58, with the index at the 54.54 level, below an upcoming ceiling of 58.00.
If bulls were to take price strength to, or above, 58.00, there is a good chance that ETH will be back over the 2,000 level.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- was once again in the red on Thursday, as traders continued to secure gains from last week’s bull run.
BTC/USD fell to an intraday low of 28,596.91 earlier in today’s session, which comes a day after hitting a high of 29,509.35.
This is the lowest point that Bitcoin has hit since April 10, when the price traded at a bottom of around 28,100.
Looking at the chart, Thursday’s move saw BTC fall under a recent floor at \28,600, with the relative strength index (RSI) also dropping toward a floor of its own.
At the time of writing, the index is now tracking at 51.47, which is marginally above the aforementioned support at 50.00.
BTC has already moved away from earlier lows and is currently trading at 28,837.95, as of writing.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was back above the 2,100 level in today’s session, as the token remains near an eleven-month high.
Following a low of 2,057.65 to start the week, ETH/USD raced to an intraday high of 2,109.58 earlier in the day.
Today’s peak is marginally lower than Sunday’s high of 2,142, which is the strongest point that ethereum has hit since last May.
this rebound took place as the RSI jumped from its own support point at 68.00.
As of writing, the index is now at the 70.24 mark, with a resistance point of 75.00 a possible destination.
Should it hit the mark, there is a good chance that ethereum could move over 2,200.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) rebounded from a one-week low on Tuesday, as markets reacted to the latest gross domestic product (GDP) report from China.
BTC/USD dropped to a low of 29,154.85 earlier in today’s session, before climbing to a peak of 29,944.78 as the day matured.
The low sent Bitcoin to its lowest point since April 10, which is when the price was last below 29,000.
Looking at the chart, the rebound has come as the 14-day relative strength index (RSI) bounced from a floor of 59.00.
Currently, price strength is tracking at the 61.91 mark, with the next visible ceiling at the 65.00 level.
BTC will likely be trading above 30.235 should the RSI reach this upcoming destination.
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ADA/USD 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ADA /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Cardano (ADA) rose for an eighth straight session on Friday, with today’s gains sending the token to a seven-month high.
ADA/USD raced to an intraday peak of 0.4441 earlier in today’s session, after trading at a low of 0.4115 on Thursday.
Friday’s surge in price saw Cardano climb to its strongest point since September 27, when prices hit a high of 0.4631.
Looking at the chart, today’s jump came following a breakout of a key resistance level of 0.4230.
the relative strength index (RSI) also moved beyond its own ceiling at 65.00 and is currently tracking at 71.06.
An upcoming ceiling at 72.00 now awaits ADA bulls, and should they fail to move past this point, earlier gains may fade.
This is not a piece of financial advice.
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XRP/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this XRP/USD 1DAY chart update by CRYPTO SANDERS.
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CHART ANALYSIS:-XRP, formerly Ripple, was once again in the green, as the token continued to move away from a recent price floor.
Following a low of 0.5092 on Thursday, XRP/USD rose to a high of 0.5438 earlier in the day.
As a result of today’s move in price, XRP moved to its highest level since March 29, when the token hit a then eleven-month high of $0.5848.
From the chart, it appears that one catalyst for the move was the 14-day RSI bouncing from a floor at 57.00.
Price strength is now tracking at 62.97, which is marginally below a point of resistance at the 63.00 mark.
At the time of writing, XRP is trading at 0.5274, which is slightly lower than its earlier peak.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) continued to climb higher as the price climbed above 2100 following its recent Shepela update.
After a low of 1,987.05 on Thursday, ETH/USD rose to a high of 2,126.32 in today's session.
As a result of today's increase in price, the world's second-largest cryptocurrency has reached its highest level since last May.
The latest rally came when the bulls broke the key resistance level of 2,030, with the RSI crossing its own hurdle at the 72.00 mark.
Like BTC, ETH's RSI is also overbought, with the index reading 75.29 at the time of writing.
A higher range at 80.00 now awaits the current uptrend in the market.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) was again in the green on Friday as traders pushed the price closer to the 31,000 mark.
BTC/USD rose to 30,848.46 in today's session, a day after trading at a low of 30,160.59.
The move resulted in Bitcoin reaching its most critical point since June 7, when it hit 31,549.
The Relative Strength Index (RSI) has moved into the overbought zone.
The index is tracking at 72.18, slightly higher than the peak of 72.
If the index moves above the reading of 73.00, there is a high probability that BTC will trade above 31,000.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum Buoyed by the Shanghai update, Ethereum outperformed BTC in today's session, gaining nearly 7% in the process.
ETH traded at 1,882.37 in today's session, up from a peak of 2,007.05 a day earlier.
As a result of today's increase in value, the world's second-largest cryptocurrency reached its highest level since last August.
The 75.00 resistance level appears to be the next hurdle for the bulls, and should the momentum continue in the uptrend, ETH could move above 2100 this week.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-It continued to trade above 30,000 on Thursday as crypto markets remained buoyed by the latest US inflation report, which fell to 5%.
After hitting a low of 29,725.57 on Wednesday, BTC/USD rose to a one-day high of 30,462.48.
The move kept Bitcoin close to its ten-month high of 30,584 during Tuesday's trading session.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum fell below the 1900 level during today's session, losing almost 3% in the process.
After hitting a high of $1923.81 on Tuesday, ETH/USD fell to a low of $1860.04 earlier in the day.
Today's move came as ETH declined below the key 1915 resistance level, with the 1830 bottom a potential target for sellers.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Prior to the report, BTC/USD fell to a one-day low of 29,865.20, which comes less than 24 hours after trading at a high of 30509.08.
This comes after a massive jump in price on Tuesday, which saw Bitcoin climb to its highest point in ten months.
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SOL/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this CHART ANALYSIS: Solana (SOL) The weekend was recorded slightly higher, although price uncertainty was also higher.
SOL/USD topped out at $20.71 to start the weekend a day after sitting at a low of $20.33.
Saturday's activity shows Solana hovering near the long-term bottom at $20.15, and it follows a crossover of the moving averages (MAs).
The 10-day (red) MA moved below its 25-day (blue) counterpart at the start of the week, though it was unable to extend its distance from the trendline.
The 14-day RSI is staying close to its own support point at 46.00.
Unless there is a breakout or a move above the resistance, the SOL trend is likely to remain sideways.
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ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- Cardano It bounced for the second consecutive session as the coin moved away from the recent support points.
After a low of $0.3783 on Friday, ADA/USD rose to a one-day high of $0.3902 to start the weekend.
After an unsuccessful breakout attempt, Cardano moved further away from the recent bottom at $0.3775.
Bulls rejected the breakout after the 14-day Relative Strength Index (RSI) bounced off a floor at 55.00.
The index is tracking traders at 56.96 with a potential target at 60.00.
Should they reach this destination, there are good chances that ADA will trade above $0.4000.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum The price started today's session in the green as it attempted to move back toward the 1900 level.
After a low of 1845.99 on Friday, ETH climbed to a peak of 1879.11 to start the weekend.
The world's second-largest cryptocurrency broke a two-day losing streak after holding above a floor at 1830.
Ethereum price strength remains below support at 61.00.
The 14-day RSI is tracking at 60.42, and should there be a breakout, the price would be more likely to move above 1900.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) There was a move back above the 28000 level on Saturday as the market continued to react to the latest NFP report.
Payrolls came in at 236,000, marginally lower than the 240,000 many were expecting.
After trading at a low of 27814.00 BTC/USD rose to a high of 28159.86 in today's session.
An increase in price comes when the Relative Strength Index (RSI) bounces off its low at 58.00.
The index is tracking at 59.07, which has helped delay the inevitable downward cross with the 10-day (red) moving average and its 25-day (blue) counterpart.
BTC is trading at 28,059.28.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was also lower today, as prices slipped from an eight-month high the day prior.
Following a high of $1,924.47 on Wednesday, ETH/USD dropped to an intraday low of $1,859.00 earlier in the day.
As a result of this decline, ethereum has fallen from its strongest point since Aug. 17, when the price peaked at $1,957.
today’s drop resulted from the RSI hovering below a recent support point of 61.00.
Overall, it appears that earlier bulls have moved to take profits, ahead of the upcoming uncertainty in the market.
At the time of writing, ethereum is trading at $1,871.63.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) was once again trading under $28,000 on Thursday, as markets began to prepare for tomorrow’s non-farm payrolls report.
BTC/USD dropped to an intraday low of $27,831.56 in today’s session, which comes less than 24 hours after trading at a high of $28,714.22.
The move came as bitcoin bulls were unable to sustain a breakout of a key resistance level of $28,500.
Looking at the chart, this latest drop in price came as the 14-day relative strength index (RSI) dropped below a floor of 58.00.
As of writing this, the index is now tracking at 57.80, with the 10-day (red) moving average nearing a downward cross with its 25-day (blue) counterpart.
Should sentiment remain bearish, there is a strong possibility that BTC will fall to a floor at $27,000.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was also in the green, with prices climbing to a fresh eight-month high.
ETH/USD moved to a high of $1,921.27 earlier in the day, which comes a day after trading at a low of $1,855.37.
As a result of this rally, ethereum went back to its strongest point since August 17, when the price hit a peak of $1,957.
This latest surge has pushed price strength to a current reading of 65.87, which is marginally below a ceiling of 66.00.
Due to this, some earlier bulls have moved to take profits, which has led to ETH falling from the day’s high.
At the time of writing, ethereum is trading at $1,915.88.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) broke out of a key resistance level on Wednesday, with traders now targeting a move beyond the $29,000 mark.
Following a low of $27,979.75 on Tuesday, BTC/USD moved to an intraday high of $28,739.24 earlier in today’s session.
The move saw Bitcoin climb above a recent ceiling of $28,500, hitting a four-day high in the process.
Overall, it appears that the move occurred once the relative strength index (RSI) bounced from a recent floor at 58.
As of writing, the index is tracking at 62.48, with the next visible ceiling of 65.00 as a possible target for bulls.
There is a strong possibility that BTC will be above $29,000 if and when this resistance point is hit.
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SHIB/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this SHIB/USDT 1DAY chart update by CRYPTO SANDERS.
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CHART ANALYSIS:-Shiba Inu (SHIB) moved to a three-week high in the past several hours.
Following a low of $0.00001065 to start the week, SHIB/USD climbed to a peak of $0.00001157 yesterday evening.
This resulted in prices jumping by as much as 6%, hitting their highest level since March 14 in the process.
the move seemingly took place following a breakout of a key resistance level of 55.00 on the RSI indicator.
Price strength is now tracking at 55.76, and appears to be heading towards a higher ceiling at 58.00.
Should it reach its apparent target, SHIB will likely move beyond March’s high of $0.00001184.
This is not a piece of financial advice.
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