Blitz_analysis

Blitz_analysis

Binance Coin(BNB) constructed a double bottom formation from three consecutive rounding bottoms, indicating a bullish reversal which provides an opportunity for investors to obtain profits from a bullish rally. What’s more, is that BNB has created a new high which double confirms the reversal of the trend. After a double bottom, preferred trading strategies are...

Blitz_analysis

Ether (ETH) climbed above $1,600 on Oct 29, the first time in over a month. It then turned down and traded sideways for the last few days. Currently, 20-day EMA is at around $1,479 which could provide adequate support if the price drops again. If the price jumps out of the current stable range and rises above the resistance zone ($1,630 ~ $1,730), ETH could...

Blitz_analysis

After major support is broken down, a retest to the support level usually happens before a further downtrend, and Cardano(ADA) is experiencing it. The price turned down after briefly touching $0.4155, indicating lots of selling pressure over there. If the price turns up and breaks above the 50-day EMA, it will suggest that the drop below $0.415 may have been a...

Blitz_analysis

$0.445 appears to be a strong point for XRP and it has been tested 8 times during its retracement. For now, XRP is forming a consolidation area at $0.45~$0.55. As the price was largely affected by the Ripple lawsuits news, investors and traders are being very careful these days. Until they got a clear picture of it, the market is probably keeping trading sideways...

Blitz_analysis

Binance Coin(BNB) is in a struggling situation partly because of its ecosystem’s instability these days. Has been trading sideways for about 2 months, and this also reflected the lack of confidence from the investors. From the technical side, BNB is creating lower highs with reduced trading volume. EMA20 is about to cross above EMA50, this would help to confirm...

Blitz_analysis

Ether (ETH) has broken through the downtrend channel. Usually, it would be followed by retests when the upward momentum cooled down. Currently, ETH has support at $1,400 and if the price falls to that level, it will encounter expected buying powers and bulls will gather again. On the other side, if the price drops from the support, it will indicate that the...

Blitz_analysis

Carano(ADA) comes to a decision-making point that is highly uncertain. With the volume getting lower and lower and a narrower price change, XRP is likely to choose a direction soon. One confirmation for the bearish scenario would be price drops below the support line, and a rebound that fails to get back to the line after the tumble could give more confidence in...

Blitz_analysis

XRP was unsurprisingly supported at around 0.41 this week after a strong momentum to push the price up more than 20% on 22 Sep. Currently, it’s heading to the resistance zone once again and trying to stand above that level to hold the valuable rally. As long as it stands above the support line, the market tends to be bullish on XRP and long traders are confident....

Blitz_analysis

This could be a great opportunity for BNB to reverse the trend to the bullish side as the price is pushing across the triangle resistance line. $260 plays faithful support and forms a consolidation after the setback in the BNB market. If the price closes above two EMA, which also means breaking through the upper line, BNB could further rise to $340. On the...

Blitz_analysis

Ether’s (ETH) still moves within the perfect downtrend channel and is supported at ~$1,250 again. Its volatility has declined as the ATR contracted from 107.56 to 93.94 as of writing over the last seven days. With a midline on the head and the support below, Ether’s price was pressed to trade at a narrow range lately, changing hands at approximately $1,330 and...

Blitz_analysis

Bitcoin tumbles after crossing $20K in topsy-turvy trading on Tuesday and Wednesday but its price managed to climb higher than a week ago. Now it's changing hands at approximately 19,330~19,600. Even though the market is volatile during the week, one good sign is the price holding above the two EMA and is likely to continue to be supported. Bulls need to break...

Blitz_analysis

ETH continues last week’s trend of moving within the descent channel. After dipping to the lowest price of 1,220 on Wednesday, it was quickly supported and pushed above the support level. While some Merge observers see long-term environmental benefits and price increases, others are concerned about centralization and regulatory scrutiny. ETH price has...

Blitz_analysis

In the long term, Bitcoin has been in a falling trend channel for several months, And it broke an important support level (~$19,500) this week and then oscillated from $19,879 ~ $18,125 as of writing. This signals increasing pessimism among investors and indicates a further decline for Bitcoin. The market is more pessimistic as the Fed raised interest rates and...

Blitz_analysis

ADA is much of the same price compared to last week though it experienced another dropping to near Aug 29’s low on Wednesday, and was being supported again. If we take a look at the volume for the recent trend, there’s a coordination of price down along with volume reduction, which indicates a negative signal of the future trend. ADA is now heading to the next...

Blitz_analysis

XRP finally moves out of the channel with a significant uprise that is still continuing. Now it is within the resistance zone as it had been tested as a supporting level several times in the latest year. For one thing, the soared price surely gives us confidence that an inversion of the downtrend had taken place. The bulls are looking for a further push to...

Blitz_analysis

BNB faces tough situations not only under the pressure of death cross in two EMA but a reducing volume for the bulls. Even though the price has been propped at ~$160, the first challenge for any rebound which couldn’t have the price over $300 would be a failed one to revert the trend. The next watching point is $240 If BNB drops below its $160 support.

Blitz_analysis

we are in a triangle adjustment in the downtrend, though 2MA has no sign of a golden cross right now. The market has gone to the end of the triangle and the selling pressure was quite high from the volume chart. Wait and see if the price broke the upper line then it'll probably head above $240. Instead, our next support would be $150 which is a disaster.

Blitz_analysis

So an uptrend triangle in an uptrend? From what I can see is we are expecting a breakthrough soon. The support zone is 338~353 which is unlikely to be broken down. If the price went below this ascending triangle, this zone would work.