BTC/USDT UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) is exchanging hands at 34,388.22 per unit. The leading crypto asset has recorded a 24-hour range between 34,174 and 34,703 per BTC. Bitcoin commands approximately $8.97 billion in global trade volume on Wednesday, and its market cap dominates by 50.9%.
Bitcoin’s current state reflects a strong bullish momentum, underscored by its significant price surge over the last fortnight. The relative strength index (RSI) at 79 and Stochastic at 75 both point toward overbought conditions, signaling the potential for a price correction or consolidation in the near term. However, the moving averages tell a different story; with the exponential moving average (EMA) at 33,586 and simple moving average (SMA) at 34,173, both indicators suggest a bullish signal, reinforcing the prevailing upward trend.
Despite the positive price movement, the discrepancy between the oscillators and moving averages necessitates caution. The overbought conditions indicated by the RSI and Stochastic could lead to increased volatility, and traders should be prepared for potential short-term price fluctuations. The moving averages, while bullish, could also be interpreted in conjunction with the caution signals shown by the two oscillators.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) Ethereum (ETH) continued to hover around the 1,800 level, despite a slight stint below this point during today’s session.
ETH/USD fell to a low of 1,784.95 earlier in the day, which came following a peak at 1,829.25 on Monday.
Bulls have since bought this earlier dip, pushing ethereum to a current reading around the 1,813.25 region.
it appears that the rally came as the RSI bounced from 68.00. It is now tracking at 71.65.
A ceiling at 75.00 now awaits traders and should strength move beyond this, ETH will likely move closer to 1,900.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- \Bitcoin consolidated on Tuesday, as markets braced themselves for the upcoming consumer confidence report from the United States.
Following a high of 34,843.94 to start the week, BTC/USD slipped to an intraday low of 34,083.31 in today’s session.
This has resulted in the world’s largest cryptocurrency hovering below a key price point of 35,000.
the relative strength index (RSI) tracked above a floor at 79.00, which is deep in bull territory.
Price strength is now sitting at 82.02, with the next visible point of resistance being at the 88.00 mark.
many see BTC as being overcooked, with a more long-lasting reversal potentially on the cards.
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TON/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this TON/USD update from Crypto Sanders.
Chart Analysis:- Toncoin (TON) was another notable gainer on Tuesday, climbing to a one-month high during the day.
TON/USD hit a high of 2.23 earlier in the day, which comes a day after trading at a low of 2.09.
toncoin rose to its highest point since September 28, when price was above 2.30.
recent gains have pushed price strength above a ceiling at 59.00, and the index is now tracking at 61.62.
The next visible point of resistance is at the 71.00 point, and if hit, there is a good chance TON moves towards 2.60.
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XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this XRP/USDT update from Crypto Sanders.
Chart Analysis:- XRP, formerly ripple, was a strong gainer on Tuesday, as the token rose by as much as 8% in today’s session.
Following a low of 0.5634 to start the week, XRP/USD raced to an intraday high of 0.6127 earlier today.
the world’s fifth-largest cryptocurrency rose to its highest level since August 15.
Today’s move saw XRP climb for a third straight day, pushing the token to a ceiling of 0.6400.
it appears that the relative strength index (RSI) has broken a resistance point of 73.00, and is now sitting at 75.08.
In order to reach the resistance above level, the index will likely need to reach a ceiling at or above 80.00.
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AVAX/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this AVAX/USDT update from Crypto Sanders.
Chart Analysis:- Avalanche (AVAX) made sizable gains to start the week, moving by as much as 6% higher during the day.
AVAX/USD peaked at 11.60 on Monday, which comes less than 24 hours after falling to a bottom at 10.92.
This has resulted in the avalanche rising to its strongest point since October 7, when the price last surpassed a ceiling at 11.70.
Earlier gains have marginally faded, with AVAX now sitting at 11.57, and this comes as the RSI hit a ceiling at 70.00.
Price strength is now hovering at 69.40, however, bulls will likely look to break this mark and force a move above 70.00 in the coming days.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SOL/USDT update from Crypto Sanders.
Chart Analysis:- Solana (SOL) was one of the notable gainers in the market on Monday, as the token climbed above the 35.00 mark.
Following a low of 32.29 on Sunday, SOL/USD rose to an intraday high of $35.17 to start the week.
This is the highest level the cryptocurrency has hit since November 6 last year, when the price was trading above 37.00.
Solana was one of the biggest tokens to fall following the FTX fraud scandal, however, the price has made steady gains since then.
Today’s surge comes as the relative strength index (RSI) rallied above a ceiling of 74.00, and now sits at 77.33.
SOL remains above 35.00 as of writing, however, bulls could begin taking profits in the coming days.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) rose above the 1,800 level to start the week, following a second straight day in the green.
1,779.36 on Sunday, ETH/USD rose to a high of 1,827.13 earlier in today’s session.
the world’s second-largest cryptocurrency rose to its highest point since last Thursday.
the rally came as the RSI neared its long-term resistance level of 75.00.
the index is tracking at 72.20, with ethereum marginally below its earlier peak at 1,817.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- bitcoin remained near the 35,000 level, ahead of a key week of economic data from the United States.
BTC/USD peaked at the 34,743.26 mark to start the week, after falling to a low at 34,173.38 on Sunday.
Bitcoin is moving closer to an 18-month high at 35,157, which was last struck on October 25.
Since hitting a low of 33,400 on Friday, BTC has made consecutive gains, which comes after the relative strength index (RSI) found a stable floor at 79.00. the index is tracking at 82.52, which is still significantly above the overbought mark.
Should the price continue to increase, there is a good chance that price strength will edge closer to a ceiling at 87.00.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) rebounded from Friday’s drop, making a run back towards the 1,800 level to start the weekend.
ETH/USD peaked at 1,796.57 on Saturday, after the price fell to a low of 1,751.44 less than 24 hours ago.
This climb means the world’s second-largest cryptocurrency has traded higher for nine of the last ten sessions.
this latest rally comes as the 10-day (red) moving average continues its uptrend versus its 25-day (blue) counterpart.
the RSI found a floor at 68.00, using it as a springboard to a current reading of 69.94.
Bulls will likely make further runs towards 1,800, despite overall price strength being overbought.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin rose back above the 34,000 level on Saturday, which comes following recent price consolidation.
After hitting a low of 33,416.89 on Friday, BTC/USD rallied to an intraday high of 34,201.77 to start the day.
The move saw bitcoin snap a two-day losing streak, which came after the cryptocurrency was significantly overbought.
Despite the uncertainty of the past few days, the 14-day relative strength index (RSI) remains in this territory.
the index is tracking at 81.21, which comes as bulls implemented an interim floor at the 80.00 mark.
If this level holds throughout the weekend, bulls may make another run towards the 35,000 level.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) also edged lower in today’s session, falling below the 1,800 mark in the process.
After reaching a high of 1,857.81 on Thursday, ETH/USD dropped to a bottom at 1,764.01 earlier in the day.
This decline has seen ETH snap a seven-day bull run, pushing the cryptocurrency away from a multi-month high in the process.
The drop coincided with the RSI failing to breach a resistance level of 74.00, and it is now tracking at a reading of 71.13.
Traders who are holding onto their long positions may begin to reconsider this, should the index fall below the 70.00 mark.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin slipped below the 34,000 mark on Friday, as markets consolidated ahead of U.S. consumer sentiment figures.
BTC/USD fell to a low at 33,762.32 earlier in today’s session, which comes following a peak at 34,649.40 the day before.
bitcoin continued to pull away from a recent 18-month high, as bears began to gradually seize market sentiment.
This comes as the relative strength index (RSI) remained in overbought territory, with a current reading of 83.68.
Bulls in the market seem reluctant to let go of their positions and have gone on to once again push BTC above 34,000.
BTC remains nearly 15% higher than at the same time last week, despite the recent price consolidation.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- ethereum (ETH) was mostly higher, leading prices back above the 1,800 level.
ETH/USD peaked at 1,865.10 earlier in today’s session, following a low at 1,781.49 on Wednesday.
ethereum rose to its highest level since August when the price hovered below 1,880.
The cryptocurrency has now traded in the green for seven straight sessions, adding nearly 20% to its value during this period.
the 10-day (red) moving average continued to race ahead of its 25-day (blue) counterpart, which is a sign that momentum remains bullish.
the RSI is at 74.90, which could cause current buyers to soon begin to capture gains.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin once again fell below the 35,000 level on Thursday, after a brief stint above this level on Wednesday.
Following a high of 35,133.76 late in yesterday’s session, BTC/USD dropped to an intraday low of 34,151.88 earlier today.
The move saw bitcoin continue to trade close to its strongest point since May 2022, when the price was over 37,000.
bitcoin is now trading at 33,990.55, which comes as the relative strength index (RSI) failed to penetrate the 90.00 zone.
the index is at a reading of 82.99, which remains significantly overbought in the medium term.
Should sentiment begin to truly shift bearish, a floor at 31,000 is the likely target for bears in the market.
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SHIB/USDTR 1DAY UPDATE BY CRYPTOSANDERS Hello friends, welcome to this SHIB/USDT update from Crypto Sanders.
Chart Analysis:- Shiba Inu (SHIB) was another notable gainer on Thursday, as price rose for a second consecutive day.
Following a low of 0.000007429 on Wednesday, SHIB/USD rallied to an intraday high of 0.000008208 earlier today.
today’s gains have sent SHIB to its highest level since August after the price rose by nearly 10% today.
earlier gains have somewhat faded, as a result of the RSI failing to break out of a ceiling at 70.00.
price strength now sits at 69.15, with a floor at 61.00 a likely target should momentum begin to shift.
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DOGE/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this DOGE/USDT update from Crypto Sanders.
Chart Analysis:- Dogecoin (DOGE) rose by over 10% earlier today, as the global cryptocurrency market cap returned to the green.
DOGE/USD peaked at 0.07489 on Thursday, following a low of $0.06596 the day before.
move sent dogecoin to its strongest point since August 14, when the price climbed to a high of 0.0771.
this is the seventh day in the last eight sessions that the meme coin has traded in the green.
This latest surge has pushed the 14-day relative strength index (RSI) to a current reading of 80.21, above a ceiling of 76.00.
As a result of prices being overbought, current buyers may now begin to secure their profits.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SOL/USDT update from Crypto Sanders.
Chart Analysis:- Solana (SOL) also rallied higher in today’s session, after climbing above the 33.00 level earlier in the day.
SOL/USD climbed to a high of 33.69 on Wednesday, which comes a day after falling to a low of 29.70.
Today’s surge in price pushed solana to its highest level since last November and comes after a breakout on the RSI.
Price strength broke out of a ceiling at the 73.00 mark, with the index now tracking at a reading of 77.05.
This is a marginal decline from a high of 82.00 earlier this week, which was also a key point of resistance.
In order to move towards a possible target at 35.00, bulls will need to force a surge past the aforementioned 82.00 point.
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LINK/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this LINK update from Crypto Sanders.
Chart Analysis:- Chainlink (LINK) was a notable gainer on Wednesday, as the token rose by as much as 9% in today’s session.
Following a low of 9.84 on Tuesday, LINK/USD rallied to an intraday peak at 11.55 earlier in the day. the cryptocurrency climbed to its strongest point since last year when its price peaked at over 12.00.
the latest surge in price has kept the relative strength index (RSI) above the 80.00 level.
the index is tracking at 81.87, which is its highest point since August 2020, which is deep in overbought territory.
LINK is trading at 11.11,
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) retreated below the 1,800 level on Wednesday, snapping a six-day winning streak.
Following a high of 1,852.68 during yesterday’s session, ETH/USD fell to a low of 1,758.69 earlier in the day.
ETH has since rebounded, marginally, and is now trading at $1,784.57, which is over 3% lower than Tuesday’s peak.
sentiment remains largely positive, with the 10-day (red) moving average extending its upward trend versus its 25-day (blue) counterpart.
Although the RSI in ethereum is also overbought, and tracking above 70.00, bulls could attempt to push the price above $1,900 in this upcycle.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin was trading lower on Wednesday, as traders appeared to have finally decided to secure profits, following recent gains
BTC/USD slipped to an intraday low of 33,278.40 late in yesterday’s session, after an earlier peak above the 35,000 mark.
Although bulls have since pushed the cryptocurrency higher, with the price now at 34,246.74, it remains below the heights seen on Tuesday.
One reason for this is the relative strength index (RSI), which was significantly overbought on Tuesday, tracking around 89.00.
the index is at a reading of 87.22, which is marginally lower, but still remains primed for a reversal.
Today’s speech could be the storm that traders are waiting to clear, before either intensifying recent momentum or selling off further.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) reached 1,800 for the first time in several months, after being the beneficiary of general sentiment around crypto.
ETH/USD rallied to an intraday high of 1,845.99 earlier today, a day after trading at a bottom of 1,664.58.
ethereum reached its highest point since August 13, when the price was marginally below 1,860.
The move saw ethereum climb for a fifth straight session, as the RSI broke out of a resistance at 60.00.
ETH is now severely overbought, with the index now tracking at 76.79.
Bulls broke a ceiling of 68.00 over the last several hours, however it is unlikely that this will be sustained, as profit takers begin to loom.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin bulls pushed the cryptocurrency over the 35,000 level on Tuesday, as momentum over a potential ETF approval intensified.
Following a low of 30,433.32 to start the week, BTC/USD surged to a peak at 35,150.43 earlier in the day.
This resulted in bitcoin climbing to its highest level since May 7, 2022, when the price was trading above 36,000.
Earlier gains have somewhat eased due to several factors, one of which being the relative strength index (RSI) moving deep into overbought territory.
the index is tracking at the 88.60 mark, which is its strongest reading since the start of the year.
BTC is now trading at 34,528.51, as traders have likely started closing off positions, in order to secure profits.
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