BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT 4Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-BTC rejected from the horizontal resistance after hunting stops above it by a liquidity grab wick.
Now, it is in no man's land, and the direction is unclear until it will do a solid breakout.
In case of further rejection, there is a possible scenario of creating a higher low above the POC level or above the marked descending trendline.
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Unique Update Of EthereumHello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- Ethereum (ETH) also moved higher on Tuesday, ahead of the U.S consumer confidence report.
The Conference Board consumer confidence survey is expected to come in at a reading of 100, which is marginally below October’s reading of 102.5.
ETH/USD was back above $1,200 on Tuesday, hitting a high of $1,216.52 earlier in today’s session.
As can be seen from the chart, the move, which ended two straight days of losses, pushed ethereum to its highest point since Saturday.
Overall, this move comes as the RSI raced above its point of resistance at 43.70, and it is currently tracking at 46.10 as of writing.
A ceiling of $1,230 now awaits ethereum bulls, and should they overcome this hurdle, a move toward $1,300 will be on the cards.
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Unique Update Of BitcoinHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) snapped a five-day losing streak on Tuesday, as prices moved away from a recent point of support.
Following a low of $16,054.53 to start the week, BTC/USD surged to an intraday high of $16,522.26 earlier today.
This surge saw bitcoin climb from its aforementioned price floor of $16,175, which has been in play since early November.
Looking at the chart, although prices have surged, it will be a test to see if this momentum can be maintained, due to the relative strength index (RSI) colliding with a ceiling.
As of writing, the index is hovering marginally above a ceiling of 41.00, with a current reading of 41.12.
Should price strength continue upward, we could see more bulls entering the market, taking BTC closer to $17,000.
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Unique Update Of BitcoinHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) fell for a fifth straight session on Monday, as the token moved closer to a breakout below $16,000.
BTC/USD slipped to an intraday low of $16,086.36 to start the week, which comes less than 24 hours after hitting a peak of $16,594.41.
As a result of today’s drop, bitcoin moved to its lowest point since last Tuesday, November 22, when the price was at a low of $15,613.
Looking at the chart, Monday’s sell-off intensified once a breakout on the relative strength index (RSI) occurred.
The index, which is currently tracking at 36.89, moved below a recent support point of 38.00 and looks to be heading for a lower floor at 35.50.
Should price strength reach its perceived destination, This will likely lead to BTC falling below $16,000.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Ethereum (ETH) was once again below $1,200, as the world’s second-largest cryptocurrency also consolidated in today’s session.
ETH/USD fell to a bottom of $1,174.82 earlier in the day, which comes less than 24 hours after hitting a high of $1,203.98.
As a result of this drop, ETH/USD slipped below support at $1,180. However, as the day progressed, the price rebounded.
Currently, ethereum is trading at $1,220.60, with the RSI tracking at a level of 42.75, which is below a ceiling of 43.00.
In addition to this, the 10-day (red) moving average is currently trending sideways, which seems to be a positive signal that recent downward pressure has eased, for now.
Should this trend line begin to shift, we could see more ETH bulls return to the market, in anticipation of an uptrend.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) was mostly unchanged on Friday, as cryptocurrency markets consolidated, following the U.S. Thanksgiving holiday.
Following a high of $16,641.32 on Thursday, BTC/USD fell to an intraday low of $16,388.40 earlier in today’s session.
Today’s decline saw a three-day winning streak snapped, with BTC moving closer to a recent support point of $16,200.
Looking at the chart, this comes as the 14-day relative strength index (RSI) failed to break out of a ceiling at 41.00
The index is currently tracking at 40.04, with neither bulls nor bears taking hold of market sentiment.
However, should bulls break out of the 41.00 resistance point, we could likely see BTC move toward $17,000.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-ethereum (ETH) moved higher in today’s session, with the token climbing above the $1,200 level.
ETH/USD rose to a high of $1,211.63 earlier in the day, less than 24 hours after trading at a low of $1,153.53.
The move saw ethereum race above a recent resistance level of $1,180, hitting a five-day high in the process.
As can be seen from the chart, the rise in price comes as the RSI climbs above a ceiling at 42.00, and is currently tracking at 42.50.
Despite this, there is a higher point of resistance at 43.00, which triggered some earlier bulls to liquidate their positions.
In order to reach $1,250, which appears to be the target for remaining bulls, the RSI will first need to move beyond 43.00.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) mostly consolidated on Thursday, following news that the U.S. Federal Reserve could be set to move away from its aggressive rate hike policy.
Wednesday’s FOMC minutes showed that “A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate.”
The news comes as inflation in the United States begins to slow down, following several back-to-back rate hikes.
Following a move to an intraday high of $16,771.48 on Wednesday, BTC/USD is trading at $16,544.58 as of writing.
Looking at the chart, this comes as the 14-day relative strength index (RSI) failed to break out of a ceiling at 40.35.
Currently, the index is trading at the 39.90 level, with momentum now moving towards a downtrend, and in particular to a floor of 38.00.
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BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT 4Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- BTC bounced after taking stops below the previous low. Now it is heading toward the horizontal resistance of $17,100, which is the main level for bulls to break for the mid-term bullish confirmation.
If bulls couldn't able to break the horizontal resistance and rejects from here then further consolidation in the current range is expected.
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ETH/USDT 4 HOUR UPDATEHello, welcome to this BTC /USDT 4Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- In the 4-hour timeframe, a descending wedge pattern was formed during the past few months, and the price is testing the lower boundary for the third time.
This is known as a bullish continuation consolidation pattern in the classic price action methods. However, an existing imbalance between the $1347 and $1420 price levels should be tested before the next impulsive move.
And yet, according to the overlap of the lower boundary of the wedge, as well as the powerful support level at the $1K region and the untested imbalance, the price seems more likely to undergo a short-term reversal toward the wedge’s upper boundary.
Nevertheless, the upcoming price action should decide Ethereum’s direction for the mid-term
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ETH/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ETH/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- (ETH) was also back in the green in today’s session, as the token moved closer to the $1,200 mark.
ETH/USD raced to a peak of $1,175.13 on Wednesday, which comes less than 24 hours after hitting a low of $1,096.66.
Today’s rally led to ethereum moving past a key resistance level of $1,170, hitting its highest point since Sunday in the process.
Since this collision, market uncertainty has increased, with the world’s second-largest token now trading below earlier highs.
This comes as the RSI also hit a wall, with the index currently tracking at 40.26, which is marginally below a ceiling of 40.30.
Bulls are likely targeting a reentry on the $1,200 zone, however price strength will first need to overcome this current obstacle.
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BTC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BTC/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) rebounded from recent declines on Wednesday, as markets were boosted by the news that Coinbase has 2 million BTC in its reserves, as of the end of Q3.
Following a low of $15,820.29 on Tuesday, BTC/USD rallied to an intraday high of $16,611.59 in today’s session.
The surge in price sees BTC move away from a recent floor of $15,600, with bulls now seemingly targeting a ceiling of $16,900.
Looking at the chart, this rally comes as the 14-day relative strength index (RSI) broke out at a resistance of its own at 38.00.
As of writing, the index is tracking at 39.58 and appears to be making its way to a resistance point of 41.00.
Sentiment in the market remains bearish despite today’s rally, however, should these upcoming hurdles be overcome, then momentum could begin to shift.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) continued to trade lower on Tuesday, as crypto markets were nervy ahead of Wednesday’s FOMC minutes release.
BTC/USD fell to a low of $15,599.05 in today’s session, which comes less than 24 hours after hitting a high of $16,246.61.
The move pushed the world’s largest cryptocurrency to its lowest point in two years and came as prices fell below a key support point.
Looking at the chart, BTC moved marginally below a floor of $15,600 on Tuesday, before rebounding higher as the session matured.
As of writing, bitcoin is trading at $15,784.68, with the 14-day relative strength index (RSI) tracking at 31.61.
This is slightly above the support of 30.50, which means that there could still be upcoming drops in BTC in the coming days.
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#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ETH/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-ethereum (ETH) extended recent declines, stumbling lower for a second straight session on Monday.
ETH/USD fell to a low of $1,110.57 to start the week, which comes less than 24 hours after hitting a high of $1,183.43.
Today’s drop, which saw the token fall by as much as 4%, took ETH to its lowest point since November 10.
Bears seem to be targeting a floor of $1,100, however, traders have so far rejected this proposition, with the token bouncing, and it is now trading at $1,120.26.
As can be seen on the chart, Monday’s drop in price coincided with the RSI breaking out of its own floor at 37.75, and it is now at 34.61.
with the trendline suggesting that further declines could be on the way.
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Uniswap (UNI) 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this UNI/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Uniswap (UNI) rebounded in today’s session, snapping a two-day downtrend in the process.
UNI/USD hit a peak of $6.03 earlier in the day, which comes less than 24 hours after hitting a low of $5.74.
This surge comes as bulls rejected a breakout of a floor at $5.70 on Thursday, with the target now seemingly a resistance of $6.50.
In order to recapture this point, UNI traders will first need to overcome an upcoming ceiling on the RSI indicator.
As of writing, the index is tracking at 45.16, which is under its aforementioned resistance of 48.90.
Bulls will likely need to be cautious, as the momentum of the 10-day (red) moving average appears to still be bearish.
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LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS Hello, welcome to this LTC/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Litecoin (LTC) was a notable gainer on Friday, as the token surged by as much as 8% in today’s session.
Following a low of $60.29 on Thursday, LTC/USD raced to an intraday high of $63.61 earlier in the day.
As a result of today’s rally, litecoin moved close to a key resistance level, hitting its highest point since last Friday in the process.
Looking at the chart, prices did not yet collide with the aforementioned ceiling of $64.00, which was last broken ten days ago.
This comes as the 14-day relative strength index (RSI) hit a key resistance level of 57.00, leading earlier bulls to abandon their positions.
As of writing, LTC is now tracking at $62.77.
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#BNB/USDT DAILY UPDATE BY CRYPTOSANDERS!!Hello, welcome to this BNB/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Binance coin (BNB) rose to a five-month high to start the week, as cryptocurrency markets surged on Monday.
BNB/USD moved to a peak of $336.52 earlier today, which comes less than a day after trading at a low of $307.37.
Monday’s rise in price sees the token hit its highest point since May 9, when the coin was trading at $359.
Overall, BNB has now extended its recent bull run, with prices moving higher for a fourth consecutive day.
Despite recent hacks on a blockchain linked to Binance, its native token remains unscathed and has now risen by as much as $100 in the last ten days.
As a result of this, the 14-day relative strength index (RSI) has risen to overbought territory and is now tracking at its highest point since last April.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ETH/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Ethereum (ETH) was also back in the green in today’s session, as the token was once again trading above $1,200.
ETH/USD, which slipped below this level on Thursday following a strengthening USD, rose to a high of $1,224.97 earlier today.
As a result of this move, the world’s second-largest cryptocurrency moved back above a recent support point of $1,220.
This comes as the 14-day RSI bounced from a key floor of its own at 38.00, and as of writing, the metric is tracking at 40.46.
The 10-day (red) moving average also seems to have started to trend sideways, which signals the current price consolidation in the market.
ETH bulls will likely continue to target a rally above $1,300 should this flooring hold during the weekend.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) rebounded on Friday, as the token moved towards the $17,000 mark heading into the weekend.
Following a low of $16,479.99 in Thursday’s session, BTC/USD raced to an intraday high of $16,947.06 earlier today.
The move sees BTC move further away from its recent floor of $16,200, which was a point of stabilization following the volatility caused by the FTX collapse.
Looking at the chart, this surge has pushed BTC closer to a ceiling of 38.30 on the 14-day relative strength index (RSI).
As a result of this collision, prices have since dipped, with the token currently trading at $16,720.43.
In order to extend its earlier run, bitcoin bulls will need to break the current ceiling on the RSI indicator.
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XMR/USDT 1DAY UPDATE BY CRYPTO SANDERS !Hello, welcome to this XMR/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Monero (XMR) was closing in on a one-week high on Thursday, as market volatility eased a week on from the FTX collapse.
XMR/USD raced to an intraday high of $132.97 in today’s session, which comes a day after trading at a low of $127.09.
Today’s move saw monero hit its highest point since last Friday, and it is now marginally below a ceiling of $133.50.
Looking at the chart, earlier gains have somewhat eased, as traders became nervous the closer price moved to this ceiling.
The 14-day relative strength index (RSI) also collided with a key resistance level of 43.00, and as of writing is tracking at 42.09.
Should bulls intend to move prices above $133.50, this ceiling of 43.00 will need to be broken first.
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#BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS Hello, welcome to this BTC USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) fell for a second straight day, as markets continued to react to the latest U.S. retail sales report.
Following the better-than-expected increase in consumer spending, BTC/USD slipped to a low of $16,430.11 earlier in today’s session.
The drop comes a day after the token was at a high of $16,726.44, but it now seems to be heading for a recent price floor.
Looking at the chart, this support point appears to be at the $16,200 level, which has been the last line of defense prior to the token moving below $16,000 in recent days.
A positive for long-term bulls is that the 10-day (red) moving average looks as though it has somewhat exhausted its downward momentum, with a shift in sentiment potentially in the cards.
Should an upcoming floor of 34.00 on the relative strength index (RSI) hold firm, then we could see BTC bulls begin to buy this current dip.
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#BCH/USDT 4Hr UPDATE Hello, welcome to this BCH/USDT 4Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin cash (BCH) raced to a one-week high on Wednesday, despite cryptocurrency markets mostly trading lower.
Following a low of $103.09 on Tuesday, BCH/USD surged to an intraday peak of $109.09 earlier in today’s session.
The move saw BCH hit its highest point since November 8, when the token was trading close to a high of $120.00.
As can be seen from the chart above, today’s high saw bitcoin cash move closer to a key resistance level of $110.00.
The 14-day relative strength index (RSI) also rose higher, with the index breaking out of a ceiling of its own.
Currently, the index is tracking at 46.52, which is above the aforementioned ceiling of 45.00.
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BTC/USDT 4HOUR UPDATEHello, welcome to this BTC USDT 4Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-BTC got rejected from the horizontal resistance. There is uncertainty on the lookout and the volume is extremely less.
The short-term range of BTC is from $15.6K to $17.1K. A strong breakout above $17.1K would confirm a push toward the bearish order block around $18.5K, which is the fundamental level for bulls to break for the mid-term bullish affirmation.
A sustained breakdown of $15.6K support would confirm one more leg down in the market toward the $14K to $12K zone, and that could be the end of the corrective waves.
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