AxiomEx

AxiomEx

Bitcoin is trading higher Thursday, bouncing after seeing a strong dip when reports first hit that Russia invaded Ukraine. Bitcoin now sits below $40,000, a key level that has held as both support and resistance in the past. The cryptocurrency saw a day of above-average volume, showing that the crypto could be pushing higher once again. Bitcoin turned around and...

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BTC traded in a range of $37,513 – $39,122, indicating strong volatility over the last 24 hours. Trading volume has declined by 26 percent, totaling $21.14 billion, while the total market cap trades at $734.9 billion, resulting in a dominance of 41.65 percent. On the 4-hour chart, we can see the Bitcoin price experiencing slight rejection from the $39,000 mark,...

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Ripple price analysis is giving bearish hints today, strong resistance is present at $0.717, strong support for XRP is found at $0.654.The most recent Ripple price analysis is looking bearish today as it shows negative results for the buyers as the price has now receded down to $0.690 after a considerable decline in the last 24 hours. Today the price function is...

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Tesla began trading in a downtrend on Feb. 11 and has printed a consistent series of lower highs and lower lows, although volatility in the stock has recently been waning. Tesla’s most recent lower high was printed on Feb. 16 at the $926.43 mark and when the stock bounces bearish traders will be watching for Tesla to form a bearish reversal candlestick below that...

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Apple confirmed it is trading in a downtrend on Friday when the stock printed a lower low under the Feb. 14 low-of-day at the $166.56 mark.The most recent lower high was formed at the $173.44 level on Feb. 16 and bearish traders will be watching to see if Apple prints a reversal candle below that level on the next bounce higher to indicate the downtrend is likely...

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Bitcoin was falling almost 5% lower on Sunday on fairly high volume, which indicates the break-down Friday from a rising channel may have now been recognized. Bitcoin may fall to back test a descending trendline which the crypto broke up through on Feb. 3. The area may provide a pivot back to the upside in the future. Bitcoin has resistance above at $39,600 and...

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Ethereum was falling over 4% at one point on Friday as inflation fears, the likelihood of rising interest rates and Ukraine/Russia news continues to spook the markets. Gold, considered a safe-haven asset, has been rising steadily in comparison, which indicates in times of economic uncertainty. Cryptocurrencies are still considered risky, despite many arguing...

AxiomEx

Bitcoin is trading lower Thursday and will need to see a bounce off a key level. The crypto is trading in a sideways channel and has fallen to the $40,000 support level.  Bitcoin is falling back toward the $40,000 level and wants to bounce back. If the crypto can hold this level it may start pushing more bullishly as it is forming higher lows. Resistance may be...

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While Ethereum was trading lower most of Wednesday — cooling off after having a strong green day yesterday — the crypto took a turn in the late afternoon and is trading slightly up again. The crypto has been rebounding the past few weeks after seeing a strong bear market for a couple of months. The crypto has been nearing resistance and could see a breakout in...

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Solana is trading higher Monday as it looks like it could be at the start of a bounce. The $85 area has been a key area on the chart in the past and the crypto is looking to hold above this area once more. Falling volume may show the downward trend of the past few days is coming to a halt. Solana bounced off support in a sideways channel as it has had a strong...

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Ethereum had been trading in a rising channel since reversing course, creating a series of higher highs and higher lows as it worked its way north in an uptrend. The most recent lower high is at $2,672.84, and if Ethereum drops below the level, it will negate the uptrend and throw the crypto into a possible downtrend. Ethereum’s afternoon decline came on...

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Shares are falling in what traders call a descending channel after seeing a strong bullish run higher. The stock now looks to be in a period of consolidation as it trades within the channel. A break above resistance or support may hint that a further move in the same direction as the break may be coming. The stock is trading above the 50-day moving average but...

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Looking at our 4 hour time frame we can see how a double top has formed, if the acending trend line or our clouds don't hold up we could easily see a continuation to the downside . Currently we can see SPY trying to move above the 50ema and 200ema two resistance level that if broken could give us a more bullish scenario .

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Litecoin is trading slightly lower Thursday as it looks like it is cooling off after recently bouncing off a key support level. The crypto is trading in a sideways channel and has been pushing higher toward support over the past few days.The crypto market as a whole is slightly dipping today after having a strong green day yesterday. Litecoin looks to have found a...

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Snap has been trading mostly within a falling channel on the daily chart since Oct. 22. A falling channel is considered bearish until a stock breaks up from the upper descending trendline of the pattern.On Thursday, Snap was attempting to break up bullishly from the falling channel. If the stock does so, it will regain support at the 50-day simple moving average,...

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Dogecoin is trading in three possible bullish patterns on the daily chart, with the first being a cup-and handle, the second a bull flag pattern and lastly a triple inside bar pattern. Because all three bullish chart patterns align, the move higher could be explosive if the patterns are recognized. Dogecoin’s cup-and-handle pattern has the cup formed between Jan....

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Disney reversed course into an uptrend on Jan. 24 and on Feb. 3 printed a higher low within the pattern.Disney printed a higher high above the Feb. 1 high of $144.69, which further confirmed the trend. When Disney reached its Jan. 24 lows, it mostly filled a gap between $128.66 and $133.86, which should give bulls more confidence going forward. On Wednesday,...

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An anonymous cryptocurrency wallet holding $43,718,860 of Bitcoin BTC just transferred their funds onto Coinbase. Cryptocurrency transfers from wallets to exchanges is typically a bearish signal. Most high networth cryptocurrency traders hold their funds on a hardware wallet, as these devices offer better security than cryptocurrency exchanges. Hardware wallets...