ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was back in the green in today’s session, with prices nearing $1,700 following yesterday’s sell-off.
ETH/USD rose to a peak of $1,674.60 earlier in the day, which comes after bottoming out at $1,604.80 on Wednesday.
The move saw ethereum come within touching distance of its long-term ceiling at $1,675, however, bullish pressure was not sustained.
Since hitting this earlier high, prices have gone on to slip, with ethereum now trading at $1,665.75.
This coincides with the RSI indicator running into a hurdle, in the form of the 57.00 resistance point.
At the time of writing, the index is tracking at 56.10.
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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 back above $24,000 on Thursday, as cryptocurrency markets rebounded following the latest FOMC minutes.
Following a low of $23,644.32 on Wednesday, BTC/USD surged to an intraday high of $24,572.09 earlier in the day.
As a result of this, the world’s largest cryptocurrency broke out of a key resistance level at the $24,200 point.
This rebound also came as the 14-day relative strength index (RSI), bounced from a floor of its own at 59.00
Currently, the index is tracking at a reading of 59.90, with the next visible point of resistance at the 66.00 zone.
Should bulls attempt to reach this level, there is a strong chance that bitcoin will be trading above $25,000.
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MATIC/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this MATIC/USDT 1DAY chart update by CRYPTO SANDERS.
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CHART ANALYSIS:-Polygon (MATIC) was one of last week’s big movers, however, it has now fallen for a fourth straight session.
MATIC/USD dropped to a bottom at $1.41 on Tuesday, less than a day after the price was trading at $1.50.
On Saturday, polygon bulls pushed prices deep into the overbought territory by leading the token to its strongest point since last April.
As a result of this overbuying, bears saw this as an opportunity to reenter the market, sending the RSI from a high of 75.10 to a current reading of 62.70.
The index is now hovering marginally above a floor at 62.00, and should this be broken, bears could attempt to extend recent declines.
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BCH/USD 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BCH/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin cash (BCH) surged to a fresh multi-month high on Tuesday, despite sentiment in crypto markets turning bearish.
Following a low of $143.19 to start the week, BCH/USD moved to an intraday high of $152.71 in today’s session.
As a result of this surge, bitcoin cash moved to its highest point since July 31, which is the last time price was above $150.00.
Overall, BCH is up nearly 20% in the last seven days, with today’s gains following a breakout on the relative strength index (RSI).
Price strength moved beyond a ceiling at 68.00, and at the time of writing, is tracking at 69.88.
Despite the next visible ceiling being at 71.00, earlier gains have begun to ease, with bulls opting to secure profits.
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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 in the red for a second consecutive session, breaking out of a key support point in the process.
Following a high of $1,682.78 on Tuesday, ETH/USD slipped to a bottom of $1,628.69 earlier in the day.
Today’s drop came as ethereum moved further below a long-term support zone at the $1,675 mark, with $1,625 acting as an interim floor.
Since hitting this low, bulls have somewhat reentered the market, with ethereum now trading at $1,643.32.
Price strength has also plunged, with a floor of 57.00 giving way earlier in the session, with the RSI now tracking at 53.76.
Overall, ethereum is still trading nearly 6% higher from the same time last week.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) extended recent declines on Wednesday, as markets began to anticipate the upcoming FOMC minutes report.
Today’s report will shed light on the Federal Reserve’s current view of the U.S. economy, in light of last month’s 25-basis-point hike.
As a result, BTC/USD fell to an intraday low of $23,902.54 on hump day, less than 24 hours after hitting a high of $24,824.10.
The decline comes following two breakouts, first the 14-day relative strength index (RSI) moving below a support point at 61.00, plus prices falling under $24,200.
Currently, the index is tracking at a reading of 59.24, which is its weakest point since February 14.
A floor at 58.00 awaits remaining bulls, which could potentially help ease the current bleeding in prices.
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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 in today’s session, as bears pushed prices below the $1,700 level.
ETH/USD plunged to an intraday low of $1,671.98 on Tuesday, less than 24 hours after trading at a peak of $1,714.29.
Today’s drop sees ethereum move below its long-term support point at the $1,675 mark, which has been mainly stable for the past week.
the decline in prices comes as the 14-day RSI retreated from a recent ceiling at 61.00.
As of writing, the index is now tracking at a reading of 57.28 and appears to be rapidly nearing a floor of 57.00.
Should bears hit this bottom, ETH will likely be trading below $1,650.
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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) has mostly traded higher in the past 24 hours, with prices remaining above $1,700.
ETH/USD moved to a peak of $1,718.95 earlier in the day, which comes after falling to a low of $1,659.30 on Sunday.
Like with bitcoin, the gain took place as prices bounced from a recent floor — on this occasion the $1,675 mark.
An upwards crossover of moving averages has also occurred in today’s session, which is usually a sign of a change in market momentum.
Should this be the case, then there is a strong possibility that ethereum bulls could target $1,800, which hasn’t been hit since September.
In order to potentially move towards this level, an upcoming hurdle of 67.00 on the RSI indicator must first be overcome.
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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 ) remained close to the $25,000 level to start the week, as market sentiment shifted towards bulls.
Following a high of $25,093.06 on Sunday, BTC/USD is currently trading at $24,808.03 at the time of writing.
Monday’s move comes as prices bounced from a recent support point at $24,200, and now appear to be on course for a ceiling $1,000 away.
Overall, the catalyst of this surge appears to be the 10-day (red) moving average, which crossed its 25-day (blue) counterpart over the weekend, in a move known as a “death cross.”
In addition to this, the relative strength index (RSI) once again moved beyond a resistance point at 64.00.
As of writing, the index is currently tracking at 65.88, which is marginally below a hurdle at 66.00, and this could be a reason why BTC has fallen from earlier highs.
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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 ) BTC has also formed an Adam and Eve chart pattern and attempting to break out its neckline and making it weak in each attempt of breakout.
We've to wait for a breakout with a successful retest above it, which would confirm a strong bullish rally in the market.
If the bottom is closed then the chat will be invalid
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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) rose back above the $1,700 level to start the weekend, with bulls returning to the fold.
ETH/USD moved to a peak of $1,716.78 earlier in the day, which comes less than 24 hours after trading at a low of $1,656.28.
The world’s second-largest cryptocurrency climbed back above a price ceiling of $1,675 following the move.
At the time of writing, earlier gains have somewhat eased, resulting from the RSI colliding with a ceiling at 63.00.
Since this collision, price strength is now hovering at a reading of 60.44, with ethereum trading at $1,693.41.
If bulls fail to move beyond this hurdle, it is unlikely that ETH will re-capture the $1,700 this weekend.
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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 toward the $25,000 mark on Saturday, as crypto markets rebounded from yesterday’s declines.
Following a low of $23,712.05 on Friday, BTC /USD raced to an intraday high of $24,924.04 earlier in the day.
As a result of this move, bitcoin once again broke out of its long-term resistance level at the $24,200 point.
the 14-day relative strength index ( RSI ) also moved back above its own resistance level at 65.00, after tracking near the 61.00 mark on Friday.
As of writing this, price strength is currently at a reading of 65.29, with a ceiling at 70.00 a possible target for bulls.
The 10-day (red) moving average has also fully shifted course, and looks to be nearing an upward cross with its 25-day (blue) counterpart.
Should this occur, BTC could be above $26,000 before the end of the weekend.
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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) decline was more on the subtle side, with prices remaining relatively close to the $1,700 mark.
Following a high of $1,732.80 on Thursday, ETH/USD is currently trading at $1,636.17 in today’s session.
Similar to BTC, ETH fell below a key resistance level of $1,675 on its way to its current price point.
The decline coincided with the RSI failing to break out of a ceiling at 60.00. It is currently tracking at 58.90.
A positive, however, is that the 10-day (red) moving average is no longer downward facing, with the potential for a swift upwards cross faintly on the cards.
Should this occur, there is a strong possibility that ethereum will not only move back above $1,700 but potentially closer to $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 sharply below a high above $25,000 on Friday, as crypto markets moved into consolidation.
BTC/USD dropped to an intraday low of $23,460.76 during today’s session, which comes a day after hitting a high of $25,134.12.
The sell-off seems to have occurred as a result of bitcoin bulls being unable to maintain a breakout of a ceiling at $24,200.
Looking at the chart, the 14-day relative strength index (RSI) also moved back below its own resistance level at 65.00.
As of writing, price strength is currently at a reading of 61.89, which isn’t too far off from a support of 59.00.
BTC has already begun to rebound from its earlier lows, with prices now trading at $23,820.98 at the time of writing.
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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 ) raced to a multi-month high on Thursday, as prices moved closer to the long-coveted $25,000 mark.
Following a low of $22,664.48 on Wednesday, BTC/USD rose to an intraday high of $24,769.24 earlier today.
Today’s move pushes the world’s largest cryptocurrency above a ceiling at $24,200, hitting its strongest point since August 20 in the process.
Looking at the chart, the 14-day relative strength index (RSI) also moved past a ceiling of its own at 65.00
As of writing, price strength is currently at a reading of 69.36, which is its strongest point in nearly two weeks.
The next visible point of resistance appears to be at the 75.00 mark, and should bulls make a run for this level, BTC will likely move well past $25,000.
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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 in today’s session, as prices broke out of a recent point of resistance.
ETH/USD hit a high of $1,562.03 earlier in the day, which comes less than 24 hours after trading at a bottom of $1,501.80.
As a result of this move, ethereum briefly broke out of a price ceiling at $1,550, after bouncing off a floor of $1,505.
Earlier gains have somewhat eased, with ETH now trading at $1,557.25, which is marginally higher than the aforementioned ceiling.
At the time of writing, the RSI is hovering at 49.86, which is below a ceiling of its own at 50.00.
In order for ethereum bulls to head back toward the $1,600 mark, this ceiling will first need to be broken.
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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 ) remained above $22,000 on Wednesday, with traders continuing to digest the latest inflation report in the United States.
Following a low of $21,632.39 on Tuesday, BTC/USD rallied to an intraday peak of $22,293.14 earlier today.
Today’s move pushes the world’s largest cryptocurrency back toward a key resistance level of $22,500.
Looking at the chart, the 14-day relative strength index (RSI) also appears to be edging closer to a ceiling of its own at 60.00
As of writing, price strength is currently at a reading of 51.96, which is its strongest point in the last seven days.
Should this momentum be maintained, there is a strong possibility that BTC could not only break $22,500 but could also collide with the $23,000 mark.
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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) climbed back above $1,500 on Tuesday, as it also reentered a recent support point.
Following a low of $1,470.02 to start the week, ETH/USD rallied to a peak of $1,514.08 earlier in today’s session.
As a result of this move, the world’s second-largest cryptocurrency is once again trading above its long-term floor at $1,505.
Despite this, overall market momentum remains bearish, with the 10-day (red) moving average (MA) extending its death cross with its 25-day (blue) counterpart.
What has somewhat helped to ease the current market sentiment is the floor of 44.00 on the RSI indicator.
Should the floor break, there is a strong possibility that ethereum will be heading for the $1,450 mark.
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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 recent losses in today’s session, as prices moved closer to the $22,000 level.
BTC/USD hit an intraday high of $21,849.01 earlier in the day, which comes after falling to a low of $21,460.09 on Monday.
Today’s action saw bitcoin snap a two-day losing streak, and comes as prices rejected a full breakout of a floor at $21,500.
Looking at the chart, the 14-day relative strength index (RSI) also rejected a break of its own, with the index remaining above its support at 44.00.
As of writing, price strength is at a reading of 47.86, with a resistance of 50.00 nearby.
In order for BTC bulls to take the price above the $22,000 mark, this point of resistance will need to be broken.
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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) fell to a one-month low to start the week, with prices moving below the $1,500 mark.
Less than 24 hours after trading at the peak of $1,545.55, ETH/USD bottomed out at a low of $1,477.73 earlier today.
Monday’s plunge has seen the world’s second-largest cryptocurrency hit its weakest point since January 14.
This latest slippage in price comes as the RSI failed to stay above a long-term floor at the 44.00 level.
As of writing, price strength is currently tracking at 42.26, the lowest reading since December 28.
Should this downward trend continue, it is highly likely that ethereum could collide with support at $1,450.
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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 multi-week low on Monday, as market sentiment remained bearish ahead of the upcoming U.S. inflation report.
Following a high of $22,060.99 on Sunday, BTC/USD dropped to an intraday low of $21,539.50 to start the week.
As a result of the decline, bitcoin remains close to its lowest point since January 20, which is the last time prices were under $21,000.
Looking at the chart, today’s move comes as the 14-day relative strength index (RSI) maintains its proximity to a support point at 44.00.
At the time of writing, the index is currently tracking at 45.80, with a resistance level of 50.00 an ideal target for remaining bulls.
Should this target be captured, bulls could extend this rally, and move to regain market momentum.
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ADA/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ADA/USDT chart update by CRYPTO SANDERS.
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CHART ANALYSIS:-Cardano (ADA) extended its own recent sell-off on Friday, with prices falling for a third straight session.
ADA/USD dropped to an intraday low of $0.3558 earlier today, which comes after prices peaked at $0.3896 on Thursday.
As a result of this drop, ADA slipped to its weakest point since January 25, breaking out of a floor at $0.3590 in the process.
Since falling from this point of support, ADA has somewhat rallied, with bulls moving to buy the dip in price.
This took place as the RSI leveled out at a floor of 46.70, with Cardano currently at $0.3611.
If this floor on the indicator continues to hold firm, there could be a rally over the week, with bulls re-entering the market.
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SOL/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS: Solana (SOL) prices plunged during today’s session, which comes as bears have seemingly recaptured market sentiment.
Following a high of $22.90 on Thursday, SOL/USD moved to an intraday low at $20.20 earlier in the session.
This drop resulted in the token hitting its lowest point since January 19, when Solana last collided with a floor at $20.00.
Since hitting a peak of 87.67 on the 14-day relative strength index ( RSI ) back on January 13, price strength has consistently declined.
As a result of this, the index is now tracking at 44.21, which is its weakest point since January 2 when SOL was under $10.00.
Ultimately, this has its positives, as longer-term bulls may see this as a sign that prices are gradually moving in the right direction.
This is not a piece of financial advice.
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