StevenWalgenbach

StevenWalgenbach

Buyers are attempting to push the GMT price higher, as evident by the wick that was present under today’s daily candle. Throughout the past day of trading, the altcoin was able to overcome the strong resistance level at $0.3755 to trade at its current level. Should it close today’s trading session above this significant mark, it could have the foundation needed...

StevenWalgenbach

BINANCE:TIAUSDT established a second higher low on its 4-hour chart over the past 12 hours. This has resulted in the formation of a positive trend line on the altcoin’s chart. As a result, a symmetrical triangle has also formed on TIA’s 4-hour chart, after it printed lower highs over the past 2 days. If this pattern plays out, it could lead to a price breakout in...

StevenWalgenbach

BINANCE:CFXUSDT has been in a consolidation channel between $0.1655 and $0.2190 over the past few weeks. Following its 24-hour gain, the altcoin seems to be on track to retest the upper boundary of this range in the coming couple of days. Should CFX close a daily candle above $0.2190 within the next week, it may have the foundation needed to continue rising to...

StevenWalgenbach

A medium-term rising wedge has formed on the daily chart for BINANCE:SEIUSDT . This specific pattern is generally seen as bearish, and could foreshadow a correction for the SEI price. If the pattern is validated, SEI may seek support from the $0.6480 mark soon. A break below this key price point may then lead to the SEI price dropping to the subsequent support...

StevenWalgenbach

Over the past day, BINANCE:BTCUSDT has successfully surpassed the significant resistance level of $44,500 and is currently maintaining its position above this mark. If Bitcoin concludes today's market session beyond this level, there's potential for its price to escalate in the next few days. However, if Bitcoin's price ends today below $44,500, this positive...

StevenWalgenbach

BINANCE:AVAXUSDT is retesting the lower barrier of a medium-term positive price channel that had formed on its daily chart over the past few weeks. This specific channel saw AVAX’s value rise from a low of $12.29 on Nov. 7 to a high of $48.27 on Dec. 23. Since reaching this peak, traders have started offloading their holdings in the cryptocurrency. This wave of...

StevenWalgenbach

BINANCE:SOLUSDT retraced to within a medium-term positive price channel that had formed on its daily chart over the past few weeks. In the last 5 days, the altcoin also lost the support of the $110 mark. Should sellers continue to offload their SOL holdings, the cryptocurrency’s price could drop to the subsequent support level at $80 in the next few days....

StevenWalgenbach

BYBIT:BONKUSDT has broken out of the medium-term positive price channel that it had traded in since 22 October. Following its fall below the lower barrier of this price channel, the meme coin retested the $0.0000149068 support level over the past 48 hours, and bears managed to drag its price below this significant price point. Should traders continue to offload...

StevenWalgenbach

Currently, Ethereum (ETH) is trading within a medium-term upward price channel. If this bullish momentum persists, there is a possibility that ETH might make an attempt to breach the next resistance level at $2,615 in the upcoming days. Analyzing the technical indicators on ETH's daily chart, there is a favorable outlook for a bullish trend. Both the Moving...

StevenWalgenbach

A symmetrical triangle has formed on the 4-hour chart for BINANCE:SHIBUSDT . This suggests that the meme coin’s price may break out in the next 24 hours. In the event of a positive breakout, the cryptocurrency may attempt a challenge at the $0.00001055 resistance level. A 4-hour candle close above this significant barrier will then clear a path for SHIB to...

StevenWalgenbach

BYBIT:BONKUSDT attempted to break out above a medium-term positive price channel that formed on its daily chart over the past four weeks. This attempt led to the meme coin’s price getting rejected by the upper barrier of the price channel. Since then, BONK has entered into a temporary consolidation phase. There was some sell pressure being applied to the...

StevenWalgenbach

BINANCE:AVAXUSDT managed to surpass the resistance level at $37.15 within the last few days. Following this breakthrough, its price has been experiencing a consolidation phase. However, it appears that traders are currently selling off their AVAX holdings as the coin approaches a support level. If AVAX fails to maintain a daily closing price above $37.15 within...

StevenWalgenbach

BINANCE:XRPUSDT is displaying the formation of a descending triangle. This pattern emerged after the cryptocurrency recorded a sequence of lower highs over the past week. Traders and investors should closely monitor the lower boundary of this triangular pattern, situated at $0.5915. If XRP breaches this level, it could potentially decline to the $0.55 range in...

StevenWalgenbach

$BONK experienced a peak at $0.0000149068 on December 9th but has not revisited this level since then. Over the subsequent days, the price of this meme coin entered a period of consolidation, fluctuating between the range of $0.0000089940 and $0.0000149068. If this period of stagnant trading persists, it's possible that traders may opt to liquidate their holdings...

StevenWalgenbach

BINANCE:SOLUSDT is testing a crucial support level at $70. If it falls below this mark, there's a possibility of its value declining to approximately $60. This level aligns with the lower boundary of a medium-term bullish price channel evident in SOL's daily chart. A breach below this channel might expose SOL to a further drop, potentially reaching the next...

StevenWalgenbach

BINANCE:BTCUSDT is stabilizing at the crucial support level of $40,900, following a significant downturn in the previous day's trading. This sharp decline appears to have temporarily tilted the momentum towards the bears. Indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are signaling a bearish trend. In...

StevenWalgenbach

A bearish rising wedge pattern has emerged on the BINANCE:AVAXUSDT daily chart, which suggests that its price may undergo a correction soon. This pattern formed after the altcoin’s price was rejected by the $37.15 resistance level over the past 24 hours. Should AVAX fail to close a daily candle above this key price point within the next 48 hours, it may be at...

StevenWalgenbach

Over the last day, BINANCE:DOTUSDT faced rejection at the $7.425 resistance level, leading to a decline below the $6.595 support level earlier in today's session. However, a subsequent rally pushed its price back above $6.595. If DOT manages to end today's session above this crucial level, it might aim to retest the $7.425 resistance in the next 24-48 hours....