StevenWalgenbach

StevenWalgenbach

BINANCE:PEPEUSDT was able to break out of a medium-term negative price channel that had formed on its daily chart throughout the past 2 weeks. Following the escape from this channel, the meme coin proceeded to flip the $0.000001284 resistance level into support. As the cryptocurrency continues to trade above this significant level, it may embark on a journey...

StevenWalgenbach

An ascending triangle pattern has materialized on the daily chart of BINANCE:XRPUSDT . Over the past 24 hours, the cryptocurrency managed to breach the lower boundary of this pattern, situated at $0.6235. What's more, it sustained trading above this level as of the current moment. If XRP can maintain a closing price above this crucial threshold by the end of...

StevenWalgenbach

Yesterday, IOTA experienced a surge in price, resulting in a higher low and the formation of a medium-term bullish price channel on the daily chart for BINANCE:IOTAUSDT . Within the last 24 hours, IOTA's price has retraced by over 8%, bringing it back into the previously mentioned bullish channel. This retracement has brought IOTA's price to a crucial point as...

StevenWalgenbach

LUNC recently managed to surpass the resistance level at $0.00011695 over the past few days and maintained its position above this threshold at the time of writing. If the altcoin can successfully conclude a daily trading session above this significant price level, it might establish a solid foundation for a potential advance towards the subsequent barrier. Under...

StevenWalgenbach

From a technical perspective, we can observe the formation of a symmetrical triangle pattern on the daily chart for BINANCE:LINKUSDT . This specific chart pattern indicates the potential for a forthcoming price breakout. If the altcoin's price makes a strong upward move in the coming days, it might attempt to turn the resistance level at $14.825 into a level of...

StevenWalgenbach

On BINANCE:BTCUSDT , we can observe the formation of an upward price channel. This occurred as the price of Bitcoin consistently marked higher highs and higher lows over the past 2-3 weeks. This bullish momentum has brought BTC close to the significant resistance level of $38,150. If Bitcoin's price manages to close today's daily candle above this level, it...

StevenWalgenbach

A symmetrical triangle that had formed on the daily chart of BINANCE:FTTUSDT in the last two weeks has been confirmed in the past 48 hours. During yesterday's trading session, the altcoin witnessed a remarkable surge in value, exceeding a 35% increase. After closing yesterday's candle at $4.4429, the cryptocurrency's value has slightly corrected and is...

StevenWalgenbach

A descending triangle pattern has emerged on SOL's daily chart, suggesting a potential decline in the altcoin's price in the coming days. If this pattern is confirmed, Solana's price may breach the critical support level at $49.65. Persistent selling pressure could then lead to a retest of the subsequent level at $40 in the short term. In a highly bearish...

StevenWalgenbach

BINANCE:ETHUSDT was making an effort to surpass a downward price channel that had developed on its daily chart over the past two weeks. If ETH manages to close a daily candle outside of this channel in the next 48 hours, it could potentially aim to turn the resistance level at $2,065 into a support level. Conversely, if the leading altcoin fails to break free...

StevenWalgenbach

On the daily chart for BINANCE:FTTUSDT , a symmetrical triangle pattern has been observed for the FTX Token (FTT), indicating a potential short-term breakout for the FTT price. Over the past week, FTT traded in an accumulation phase, fluctuating between $2.6815 and $5.6040. The FTX Token price might signal a breakout towards the upside if it successfully closes...

StevenWalgenbach

Over the past five days, DOGE managed to surpass the resistance level at $0.07755, reaching a peak of $0.08189. Nevertheless, within the following 48 hours, bears swiftly pushed the price of the meme coin below this threshold, concluding Monday's trading session below it. Subsequently, sellers made an attempt to push DOGE's price below the next significant...

StevenWalgenbach

Over the last few days, BTC managed to close a daily candle above $36,900, but it couldn't establish this level as solid support. Shortly after breaking through this significant price point, traders began to take profits, causing the price of the leading cryptocurrency to drop back below $36,900. This wave of selling pressure also pushed BTC below a medium-term...

StevenWalgenbach

BINANCE:ETHUSDT is resting on a key support level and may drop below $2K if it closes a daily candle under $2,030 in the next 48 hours. Should the ether price end a daily trading session below this significant point, then it may be at risk of falling to the subsequent support level at $1,945 in the following few days. This will also lead to ETH breaking below...

StevenWalgenbach

BINANCE:XRPUSDT has entered into an accumulation period between $0.6235 and $0.6800. Furthermore, a symmetrical triangle has formed on XRP’s 4-hour chart, which suggests that a breakout may soon take place. A potential indication of which direction XRP could break in is the medium-term positive price channel that the remittance token has been trading in over the...

StevenWalgenbach

LINK seems to have established a peak and may be at risk of dropping below the $14.825 support level in the next few days. Supporting this bearish outlook is the daily Moving Average Convergence Divergence (MACD) and the daily Relative Strength Index (RSI) indicators. Over the past 48 hours, the daily RSI line crossed below the daily RSI Simple Moving Average...

StevenWalgenbach

A medium-term rising wedge that had formed on BTC’s daily chart over the past several weeks may materialize in the next few days. BTC has been in a steady climb over the last 7 days, but has not been able to enter into a convincing upwards move. This could be the result of diminishing pressure from buyers. The daily Relative Strength Index (RSI) indicator...

StevenWalgenbach

Indicators on the daily chart of UNFI indicate the potential for the altcoin's price to keep increasing over the next 24-48 hours. One of these indicators pointing to a bullish move is the Moving Average Convergence Divergence (MACD). As of the current moment, the MACD line is separating above the MACD Signal line. Additionally, the MACD Histogram has a positive...

StevenWalgenbach

A bearish rising wedge pattern has formed on SHIB’s daily chart, which may suggest that the meme coin’s price will correct in the next couple of days. This bullish thesis could be invalidated if SHIB closes today’s daily candle above $0.00000847. This could then set the altcoin up to continue climbing to $0.00000965 in the following couple of days. On the other...