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.
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DOGE/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this DOGE/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Dogecoin (DOGE) was one of today’s biggest gainers, as markets continued to react to Twitter’s logo change.
DOGE/USD raced to a high of $0.1026 late on Monday, following a low of $0.07663 earlier in the day.
As a result of this move, the meme coin rose to its strongest point since December 5, when it hit a peak of $0.1118.
Looking at the chart, Tuesday’s surge appears to coincide with the relative strength index (RSI) breaking out of a ceiling at 70.00.
At the time of writing, the index is tracking at 73.45, which is its highest reading since November.
Overall, dogecoin is up over 30% at the time of writing, and nearly 40% higher than at the same time last week.
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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 mostly higher in today’s session, as bullish sentiment made an unexpected return.
Following a low of $1,771.15 to start the week, ETH/USD climbed to an intraday high of $1,871.35 on Tuesday.
Tuesday’s rally saw bulls push ethereum back to its strongest point since August 17, when the price hit a peak of $1,957.
One of the catalysts for today’s surge appears to be a breakout at the 61.50 zone on the RSI indicator.
Currently, price strength is tracking at 62.54, with an upcoming ceiling of 65.00 a possible destination for bulls.
Should this point be hit, there is a good chance ETH will be trading at $1,900.
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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 ) continued to trade close to a key resistance level on Tuesday, as volatility in the market remained high.
BTC/USD rose to a peak of $28,433.74 earlier in today’s session, which follows up from a low of $27,276.72 on Monday.
As a result of today’s surge, bitcoin moved near its recent price ceiling of $28,500, however, bulls were not able to reach this point.
Looking at the chart, this seems to be because the relative strength index (RSI) continued to hover near a floor of 60.
As of writing, the index is tracking at 61.00, with the next visible ceiling of 65.00 as a possible target for buyers.
Should this level be reached, there is a strong possibility that BTC will be trading above $28,500.
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BCH/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BCH/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin cash (BCH) was another notable gainer to start the week, as the token moved to a ten-day high.
BCH/USD hit a peak of $129.15 on Monday, a day after the price was trading at a low of $120.54.
This rally sent BCH to its strongest point since March 24, when it rose to a peak at $132.05.
Earlier gains have since slipped, as the RSI collided with a ceiling at the 51.00 mark. Currently, the index is tracking at 50.59, following a rally from a support point of 47.00.
Overall, bitcoin cash is now up 5.78% from the same point last week.
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ADA/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ADA /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Cardano (ADA) snapped a two-day losing streak to start the week, despite the global market cap mostly consolidating on Monday.
Following a low of $0.3729 on Sunday, ADA/USD surged to an intraday high of $0.4035 earlier in today’s session.
Today’s move saw Cardano near Friday’s high of $0.4093, which was its highest point since mid-February.
Looking at the chart, the climb in price coincided with the relative strength index (RSI) moving towards a ceiling of its own at 60.00.
At the time of writing, the index is tracking at 58.91, after moving away from a floor at 56.00.
Should price strength move past the upcoming ceiling at 60.00, then there is a strong chance ADA will recapture a fresh multi-month high.
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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) continues to trade above the $1,800 level, with traders still targeting a breakout above a key resistance level.
ETH/USD rose to a high of $1,819.29 earlier in today’s session, which comes after an earlier bottom at $1,765.52.
As a result of today’s jump, ethereum bulls attempted to move towards a ceiling at $1,825, however, momentum has since eased.
This comes as earlier bulls seemingly abandoned their positions as the RSI ran into a wall at the 60.00 level.
At the time of writing, price strength is now at the 57.77 mark, with the next visible ceiling around the 62.00 regions.
In addition to this, the 10-day (red) moving average is now nearing a downward cross with its 25-day (blue) counterpart, which could signal upcoming price weakness.
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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 ) started the week consolidating around the $28,000 level, as volatility in crypto markets remained high.
Following a low of $27,607.67 earlier in today’s session, BTC/USD rose to a peak at $28,475.62 as the day progressed.
The move saw bitcoin move closer to a recent resistance level of $28,500, which was broken over the weekend.
The recent price consolidation comes as the 14-day relative strength index (RSI) failed to move beyond a ceiling of 65.00.
As of writing, the index is tracking at 62.00, which is also a key point of support for traders.
Overall, the world’s largest cryptocurrency is now trading 1.46% higher than at the same time last week.
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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 higher to start the weekend, with prices once again climbing above the $1,800 level.
Following a low of $1,789.76 on Friday, ETH/USD raced to a peak at $1,844.68 earlier in today’s session.
As a result of the move, the world’s second-largest cryptocurrency jumped over a ceiling at the $1,825 zone.
From the chart, this seemingly coincided with the RSI breaking free of a resistance of its own at 59.00.
At the time of writing, price strength is now at the 60.15 mark, with the next visible ceiling around the 62.00 regions.
Should the RSI move closer to this point, ethereum bulls will send prices toward a long-term target of $1,900.
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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 ) rose towards $29,000 on Saturday, as markets continued to react to yesterday’s consumption expenditure (PCE) figures in the United States.
PCE climbed to 0.3% in March, less than the 0.4% markets were expecting, showing that inflation was slowing.
BTC/USD rose to an intraday high of $28,802.46 earlier in today’s session, which comes a day after trading at a low of $27,854.63.
Looking at the chart, the move saw BTC briefly breakout of a long-term resistance level of $28,500.
Earlier gains have since declined, which comes as the 14-day relative strength index (RSI) failed to move beyond a ceiling at 65.00.
As of writing this, the index is now tracking at 63.65, with a floor of 62.00 a possible target for sellers.
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LINK/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this LINK/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-chainlink (LINK) rebounded from Thursday’s losses in today’s session, with the token climbing by as much as 5%
Following a low of $7.17 yesterday, LINK/USD raced to an intraday high of $7.65 on Friday.
As a result of the rally, chainlink once again moved above its long-term resistance at $7.55, hitting a one-week high in the process.
Looking at the chart, today’s breakout coincided with the RSI climbing past a ceiling of its own at 55.00
As of writing, the index is tracking at 57.54, which is marginally below a higher hurdle of 58.00 points.
Should bulls move beyond this point, then there is a good chance that LINK will move toward $8.00.
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ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA/USDT chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Cardano (ADA) surged to a six-week high in today’s session, as markets reacted to the latest University of Michigan consumer sentiment report.
Sentiment in the United States fell to a reading of 62 in March, from a final sum of 67 the month prior.
ADA/USD surged to a peak of $0.4025 earlier in today’s session, following a low of $0.3709 on Thursday.
This move saw Cardano climb to its strongest point since February 21, when the token reached a high of $0.4061.
Overall, the surge came as the 14-day relative strength index (RSI) moved beyond a ceiling at the 60.00 mark.
At the time of writing, the index is tracking at 63.67, which is close to the highest point of resistance at 64.00.
This is not a piece of financial advice.
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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 once again trading below $1,800, as prices failed to break out from a recent key resistance point.
Following a high of $1,827.28 on Thursday, ETH/USD fell to an intraday low of $1,766.25 in today’s session.
Friday’s sell-off transpired as ETH bulls were unable to move beyond a long-term ceiling at $1,830.
The world’s second-largest cryptocurrency is now trading at $1,795.69, which seemingly suggests that some bullish sentiment still remains in the market.
This seems to be a result of price strength failing to drop below a floor at 52.00, and it has since moved to a reading at 57.35.
Should the RSI surge past the 58.00 mark, which is the next visible point of resistance, then ETH will likely be back above $1,800.
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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 ) fell below the $28,000 level on Friday, as markets consolidated ahead of a key day of economic data.
BTC/USD slipped to an intraday low of $27,583.72 in today’s session, which comes a day after the price rose to a high of $28,683.53.
The decline came as traders were unable to sustain a breakout above the $28,500 level, following a nine-month high the day prior.
Overall, it appears that earlier bulls moved to secure gains, as the 14-day relative strength index (RSI) collided with a ceiling at 65.00.
As of writing, the index is tracking at the 60.84 level, which is marginally above a lower floor at 59.00.
BTC is now trading at $27,928.58, however, there will likely be some movement following this afternoon’s data release.
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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 trade above $1,800 on Thursday, however sentiment shifted after it failed to sustain a breakout at a key point.
ETH/USD rose to a high of $1,827.28 on Thursday, which comes less than 24 hours after the price was at a low of $1,776.64.
Although marginally moving above its aforementioned ceiling at $1,825, ethereum bulls were unable to maintain upward momentum.
As of writing, ETH is trading at $1,800.78, which coincides with the RSI hovering around its recent resistance level at 58.00.
The index is currently tracking at 58.25, with a move below the 58.00 level almost certainly triggering further declines.
Momentum also appears to be slowing, with the 10-day (red) moving average nearing a downward crossover.
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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 to its highest point in nine months, despite cryptocurrencies mostly consolidating ahead of the upcoming U.S. GDP report.
Following a low of $28,155.83 on Wednesday, BTC/USD raced to an intraday peak of $29,159.90 earlier in the session.
As a result of this surge in price, bitcoin climbed above the $29,000 level for the first time since June 10.
Looking at the chart, the move came as BTC briefly broke out of resistance at $28,500, with the relative strength index (RSI) moving past a similar threshold.
As of writing, the index is tracking at the 65.27 level, which is marginally above its ceiling of 65.00.
Overall, BTC bulls have moved to secure some of their earlier gains, with the price now trading at $28,582.20.
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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 back in the green in today’s session, with prices rising back above the $1,800 level.
ETH/USD rose to a high of $1,825.60 on Wednesday, which comes less than 24 hours after the price was below $1,700.
As a result of today’s rally, ethereum was able to briefly rise above a recent resistance point at the $1,820 level.
Price has since retreated from this point, which comes after the RSI collided with a ceiling at the 58.00 mark.
Although price strength is now tracking at 58.52, overall market momentum seems to be preparing for consolidation.
The 10-day (red) moving average (MA) is now trending sideways, and should the RSI fall back below 58.00, the chances of a downward cross with the 25-day (blue) MA will greatly increase.
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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 ) once again moved above the $28,000 level on Wednesday, as markets reacted to the latest consumer confidence report in the United States.
The increase in confidence is seen by some as validating the Federal Reserve’s recent decision to hike rates marginally.
Following a low of $26,677.82 on Tuesday, BTC/USD raced to an intraday peak of $28,619.54 earlier today.
This latest surge in price occurred as the relative strength index (RSI) continued to move away from a recent floor at the 60.00 mark.
As of writing, the index is tracking at the 64.27 level, marginally below its upcoming ceiling of 65.00.
Earlier gains have slightly eased as BTC edged closer to this point of resistance, with the price now trading at $28,423.03.
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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) also moved lower on Tuesday, after nearly climbing back above $1,800 to start the week.
Following a high of $1,797.88 on Monday, ETH/USD dropped to a bottom at $1,690.52 earlier in today’s session.
Similar to bitcoin, this decline sent ethereum to its weakest point since March 17, when prices fell to a floor at $1,666.
The drop comes following a drop in price strength, which saw the RSI move to its lowest level in two weeks.
As of writing, the index has now bounced back from this floor at 51.00 and is currently tracking at 54.50.
Overall, ETH is down 1.52% over the last seven days.
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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 ) fell below $27,000 in today’s session, as markets reacted to the news that the CFTC had filed a lawsuit against Binance.
BTC/USD fell to an intraday low of $26,606.69 on the news, which comes a day after trading at a peak of $27,979.07.
As a result of today’s sell-off, the world’s largest cryptocurrency fell to its lowest level since March 17.
Looking at the chart, this drop comes after a recent floor at the $27,100 mark was broken, which coincided with the relative strength index (RSI) also experiencing a breakout.
As of writing, the index is now tracking at the 58.51 level, which is marginally below its support at 60.00.
Overall, bulls have somewhat reentered the market, and as of writing, bitcoin is trading at $27,126.85.
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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) largely consolidated on Monday, as prices moved away from a key price floor in today’s session.
ETH/USD jumped to a peak of $1,797.88 earlier in the day, which comes less than 24 hours after falling to a low of $1,748.44.
Since hitting a seven-month high of $1,861 last Thursday, the world’s second-largest cryptocurrency has mostly traded below $1,800.
Overall, ethereum is down 1.19% from the same point last week, with prices mostly moving between a floor of $1,730, and a ceiling of $1,820.
The 10-day (red) moving average has now begun to shift direction, with upwards momentum now fading.
Prices may continue to trend sideways heading into April unless some unexpected news moves markets.
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