#BNB/USDT 4Hr UPDATE !!Hello, welcome to this BNB /USDT 4Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- BNB hits the resistance level as mentioned in the previous post and the price reacted from it. Well, make your major take-profit here and price-building the bullish flag pattern below the level. If the price has to continue up, then you can expect a solid breakout from here. Everything will be invalid if it breaks below $315.
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Sanders
#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ETH/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS: the price of ETH officially surpassed $1,500 towards the end of October. Since then, the cryptocurrency has slowed down after hitting the resistance zone of $1650-$1700 (in red).
With the test of this resistance and the approaching FOMC meeting, it appears that some traders have opted to close their long positions. As a result, the bullish momentum has weakened slightly.
If Ethereum can establish $1,500 as support and does not close below this crucial mark, it could retest $1,700, which overlaps the 200-day moving average.
Alternatively, if the Federal Reserve does not signify any willingness to slow rate hikes later in the year, selling pressure on high-risk assets is likely to increase. In this case, the return of the upward trend would be out of the question.
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#BTC/USDT 4HOUR UPDATE !!Hello, welcome to this BTC /USDT 4hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-The 4-hour chart paints a clearer picture of potential short-term targets for Bitcoin. After weeks of consolidation, the price has finally broken above the $20K resistance level, turning it into a potential support area.
The recent rally was launched after an impulsive bullish breakout from the bearish trendline, and the market is now trying to hold above $20K. If this level remains intact, a continuation toward $22,500 would be likely.
However, the RSI indicator should be closely monitored as it shows massive overbought signals, pointing to a potential reversal. In this case, the recent rally would be considered another bull trap and fake breakout, which would result in the price descending back toward the $18K support area.
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BTC/USDT 6HOUR UPDATEHello, welcome to this BTC /USDT 4hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS :
4-Hour Chart
Since mid-June, the price has been lodged in a constant range between the $25K level and $18K. During this period, $20.5K turned into a significant resistance which has repeatedly rejected the price.
However, there is clear inefficiency between the $20.9K and the $22K levels. The market would typically use these inefficiencies to form its next big move. Hence, the most likely scenario for Bitcoin in the upcoming days seems to be using this imbalance and then developing another bearish move toward the $18K level.
If the support fails to hold, the $16K level will be a possible scenario on the table for the cryptocurrency.
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XRP/USD 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick XRP/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
XRP/USDT UPDATE:-XRP, formerly ripple, was another big mover on Thursday, as price bounced from its own support point.
Following a low of $0.4501 on Wednesday, XRP/USD raced to an intraday peak of $0.4638 earlier today.
Today’s move sees XRP snap a two-day losing streak, bouncing from a support of $0.4500 in the process.
Recent declines have also led to the 10-day (red) moving average (MA) dropping below its 25-day (blue) counterpart.
Although prices have since rebounded today, this shift in moving averages could be a signal for greater drops in price to come.
Momentum in XRP has shifted in the last two weeks, as it was hovering close to a five-month high previously.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
#ETH/USDT UPDATE:-Ethereum (ETH) also returned to the red in today’s session, falling below $1,300.
Today’s sell-off saw ETH/USD drop to a bottom of $1,260.61, falling below a key price floor in the process.
The support above the level in this instance was the point of $1,270, which was last broken on October 13.
At that time, prices of the world’s second-largest cryptocurrency dropped below $1,200, and it appears that bears could once again be targeting a similar drop.
The next visible floor seems to be the $1,220 price floor, which could be reached if the RSI hits its own bottom of 36.70.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
#BTC/USDT ANALYSIS:-Bitcoin (BTC) was back in the red on Friday, as the U.S. dollar continued to strengthen versus several G7 currencies.
Following a high of $19,315.20 during Thursday’s session, BTC/USD slipped to an intraday low of $18,945.48 earlier today.
The move pushed prices of the token towards a key support point of $18,900, as price strength also declined.
Looking at the chart, the relative strength index (RSI) of 14-days collided with a floor of 40.50, and as of writing is set to move below 40.00.
The 10-day (red) moving average has also extended its downward trend, which could be a sign of further bearish sentiment.
Should we see the RSI continue to trickle lower, there is a strong possibility that BTC could be trading below $18,000 this weekend.
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#BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
#BTC/USDT ANALYSIS:- daily timeframe, the price recently retested the broken, bearish trendline and the $18K support level. These levels provided enough support to prevent another dip toward lower prices. However, the 50-day moving average located at around $19K is persisting as a strong obstacle and is putting the brakes on a potential rally toward the $24K area.
The 100-day moving average can also be considered a significant dynamic resistance that could reject the price in case of a bullish breakout from the 50-day MA. Right now, a positive trend cannot be anticipated before a break above these two levels and, eventually, the $24K static resistance.
So, although the market has broken above the long-term bearish trendline, the continuation of a downtrend still remains the more probable scenario as the market structure is still far from bullish.
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#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
#ETH/USDT UPDATE:-Like BTC, Ethereum (ETH) fell for a second consecutive day, as the token moved below the $1,300 level.
Earlier in yesterday’s session, the token was trading above a ceiling of $1,330, however, after failing to sustain a breakout, bears reentered the market.
The world’s second-largest cryptocurrency fell to an intraday low of $1,291.66, a day removed from hovering at a high of $1,332.49.
As can be seen from the chart, today’s decline in ETH comes as the 14-day RSI continued to fall from its own ceiling of 46.80.
Currently, the index is tracking at 43.47, with the next visible point of support close to the 36.00 regions.
Should price strength continue to deteriorate, we could soon see Ethereum move further into bearish territory.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
#BTC/USDT ANALYSIS:- Bitcoin (BTC) was trading lower on Wednesday, as prices continued to decline following a failed breakout of a resistance at $19,550.
Following a high of $19,655.75 on Tuesday, which saw BTC/USD move past the aforementioned ceiling, prices slipped to a low of $19,144.77 earlier today.
Wednesday’s drop sees the token move closer to a breakout below $19,000, with bears likely targeting a floor of $18,900.
Bearish sentiment has largely been present during what many are calling “red October,” with BTC trading below $20,000 for the majority of the month thus far.
Looking at the chart, the 10-day (red) moving average has extended its downward cross with the 25-day (blue), which could be a sign of further declines to come.
In addition to this, the 14-day relative strength index (RSI) is tracking at 45.50, on its way to a floor at the 44.00 point.
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#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
#ETH/USDT ANALYSIS:-Ethereum
Ethereum (ETH) also surged to start the week, with the token climbing for a second straight session.
After a brief breakout below its floor of $1,275 on Saturday, Ethereum has put together a run of back-to-back gains.
Today’s surge has seen the token peak at $1,322.33, which comes a day after it was hovering around the $1,281.29 mark.
Despite today’s gains, momentum in ETH/USD continues to be bearish, with the 10-day (red) and 25-day (blue) moving averages trending downwards.
Bulls will likely be tentative to enter at this point, as we near a ceiling of $1,330, with the RSI, also nearing an obstacle.
As of writing, the index is tracking at 45.87, slightly below a ceiling of 46.00.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
#BTC/USDT ANALYSIS
Bitcoin
Bitcoin (BTC) was trading marginally higher on Monday, as bull began to return to crypto markets following recent sell-offs.
Following a low of $19,118.19 on Sunday, BTC/USD raced to an intraday high of $19,491.33 earlier in the day.
Monday’s move saw the world’s largest cryptocurrency climb towards a key price ceiling of $19,500.
Looking at the chart, the rebound in price comes as the 14-day relative strength index (RSI) recently broke out of its resistance at 48.00.
As of writing, the index is tracking at 49.42, with the next visible resistance point near the 56.00 level.
Should price strength continue to move towards this point, we will likely see prices move towards the $20,000 mark.
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#BTC/USDT 2DAY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BITCOIN UPDATE:- BTC has done a breakout of the falling wedge and retesting above it, where horizontal support is also acting as good support.
Currently, it is facing MA21 resistance around $20,000 and a break above it with a candle close or retest would be the confirmation of change of trend in BTC.
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#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
ethereum UPDATE:- Ethereum was also higher in today’s session, as the token climbed back above $1,300, colliding with a key resistance point in the process.
ETH/USD rose to a peak of $1,335.10 earlier in the day, colliding with a key resistance level, at the same point in the process.
This is the highest point that the world’s second largest cryptocurrency has traded at since the start of the week.
However, since hitting this high, prices are now marginally lower with the token now trading at $1,328.51.
As can be seen from the chart, this comes as the RSI collided with a resistance point of its own, which is the 46.50 mark.
In order for ethereum to continue to climb, price strength will need to move above this current ceiling.
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BTC/USDT 4HOUR UPDATEHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BITCOIN UPDATE: -The pair is approaching the support of the descending line (in green) on the 4-hour chart, which is about $18K. Touching this support in prior downward waves has coincided with price movement toward the diagonal resistance. If history repeats again, the potential of reclaiming the $19K would be high. Otherwise, the daily support of around $17.6K is what most of the speculators have their eyes on.
It should be highlighted that if the price closes over $19.6K in this timeframe, the hopes for bulls to enter the market will be revived.
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#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
ethereum UPDATE:- (ETH) has remained mostly lower in today’s session, with the token unable to rebound from earlier declines.
ETH/USD slipped to an intraday low of $1,272.98 on Tuesday, which sees the world’s second largest cryptocurrency hit its lowest point in over a week.
After threatening to break out of its floor of $1,300 on Monday, bearish pressure intensified today, ahead of the inflation report from the United States.
As of writing, ethereum continues to trade below $1,300, however prices have moved away from the earlier low.
Today’s move has pushed the 10-day (red) moving average closer to an upwards crossover with its 25-day counterpart.
Bulls will likely be using this as a sign to reenter the market in coming days, thus sending prices back above $1,300, and closer to $1,400.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BITCOIN UPDATE: -Bitcoin (BTC) fell below $19,000 for the first time in over a week in today’s session, as the U.S. dollar rose in strength.
USD climbed to its highest point in nearly two weeks versus several of its G7 counterparts, ahead of Thursday’s inflation report.
As a result, BTC/USD slipped to an intraday low of $18,984.66 earlier in the day, which is its weakest point since October 3.
Looking at the chart, today’s drop in price sees the token fall marginally below its key support point of $19,300.
In addition to the price, the 14-day relative strength index (RSI) also dropped below a floor of 45.80, and as of writing, is tracking at 44.67.
Bitcoin bulls have since reentered, and pushed the token back above $19,000, however prices are still below the aforementioned support point.
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#NEAR/USDT 1DAY UPDATE Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
Near protocol (NEAR) was another notable mover on Tuesday, as the token also hit a three-month low.
Following a high of $3.54 to start the week, NEAR/USD slipped, dropping to an intraday low of $3.12 earlier today.
This sell-off pushed the token to its lowest point since July 13, which is the last time prices were trading at the support of $3.00.
Looking at the chart, the RSI is now also oversold and is currently tracking at 31.15 as of writing.
Historically, at current levels, bulls typically begin to circle, looking for an opportune moment to buy.
We’ve seen some signs of this already, with NEAR now moving away from earlier lows, and trading at $3.19 as of writing.
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#ETC/USDT 1DAY UPDATE Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
Ethereum Classic (ETC) continued to trade close to a three-month low on Tuesday, after hitting this mark to start the week.
Yesterday, the token hit a three-month low of $23.10, and 24 hours later, prices remain near this point.
Following a move to a high of $24.31 earlier today, ETC/USD once again moved lower, dropping to a bottom of $23.73 in the process.
This week’s low saw ETC move below a key floor of $23.20, which has been in place since mid-July.
In addition to price, the 14-day relative strength index ( RSI ) has also hit a multi-month low following the bear run.
For traders looking to buy the dip, this is potentially a positive sign, as we are firmly in bearish territory, and could eventually see bulls choose to reenter the market at this point.
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BTC/USDT 4HOUR UPDATEHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BITCOIN UPDATE: -4-hour timeframe, the price has been stuck in a static range between the $21K level and the $18.5K level for quite some time now. Meanwhile, Bitcoin has been forming a bearish wedge pattern (as displayed in the chart below).
The price formed a double-top pattern, was rejected from the $20.5K resistance level, and is now testing the lower threshold of the wedge.
In the event of a decline, the market would aim for the essential $18K support level, which may be breached and fall even deeper. On the other hand, the upper edge must be broken upward to invalidate the bearish wedge.
In conclusion, the multi-week descending trendline is currently the main barrier in BTC’s path toward the $21.5K and $25K levels.
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#BTC/USDT 2DAY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BITCOIN UPDATE: -
BTC is moving in a descending triangle on higher time frames and still, there is indecision in the market. BTC volatility indicator is showing that volatility is at the shallow point and we can expect a big move anytime from here also The US Consumer Price Index is scheduled for release on the 13th of October which will definitely impact the market.
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#ETH/USD 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
Ethereum UPDATE: -Ethereum (ETH) was also down for its fourth consecutive day, with the token breaking out of a key support point in the process.
The world’s second-largest cryptocurrency dropped to a low of $1,321.75 on Saturday, a day after hitting a peak of $1,356.88.
As a result of today’s sell-off, ETH/USD dropped below its support of $1,330 and is currently trading at its lowest point since October 3.
From the chart, it appears that the RSI is now marginally above its own floor of 42.00, with the price trading at $1,328 as of writing.
Unlike BTC, there has not been any crossover of moving averages, however, the trend lines seem to be nearing proximity to this point.
Overall, even with the current market turbulence, it seems that bulls are still targeting a breakout of the $1,400 level.
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BTC/USD 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BITCOIN UPDATE: -Bearish sentiment remained in bitcoin (BTC) markets to start the weekend, as they continued to digest the latest nonfarm payrolls (NFP) report.
Following the better-than-expected jobs report, BTC/USD fell to an intraday low of $19,395.79 earlier in the day.
The move pushed the token close to a key support point of $19,200, and as of writing, it is trading close to a six-day low.
Looking at the chart, the 14-day relative strength index (RSI) has also dropped and is also approaching a floor of 45.70.
Despite moving closer to this bottom, the 10-day (red) moving average has recently crossed over its 25-day (blue) counterpart, which is typically a sign of bullish momentum.
Should BTC move to its floor of $19,200, there will likely be an influx of bulls looking to buy this dip, sending prices higher as a result.
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