cryptohopper

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Bitcoin refuses to go lower; the 50 EMA acts as support and holds the coin above $13,000. On Tuesday, Bitcoin broke its short ranging period between $12,650 and $13,350. The coin went up to $13,850 but failed to achieve a vital breakthrough at the $14,000 level. Coronavirus and Bitcoin BTC’s failed breakthrough and subsequential downturn may be in part due to...

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Starting on the 19th of October, Bitcoin became increasingly bullish, rising in momentum before peaking out around $13,200. The coin is momentarily consolidating between $12,700-$12,800, and appears unable to push higher. The $12,000 Level BTC broke the critical resistance at $12,100, which was the highest resistance level of 2020 so far. This breakout is...

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BAND experienced a tremendous 7,500% growth this year. Following the massive growth, the token experienced a 65% correction starting in September. However, the downward pressure slowed down, and we are now in a consolidation phase. The Opportunities BAND was previously caught in a descending channel on the 4h chart. On the 24th of September, the token broke...

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As a decentralized oracle critical to many DeFi projects, LINK has had a fantastic year in 2020, pushing up gains of 1,000% at its peak of $20. However, since Mid-August, the token has been caught in a descending channel. LINK recently broke this channel, and many people are now wondering whether this is the start of a new uptrend or a temporary move before...

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Celsius (CEL) experienced an exceptional 300% growth in one month. The coin has now stabilized, and its direction is currently unclear. Celsius Fundamentals Similar to a bank, Celsius (CEL) borrows from one set of clients, lends to others, and profits from the difference between the interest rate. However, CEL mostly works in the crypto space as it mainly...

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Ethereum (ETH) experienced strong growth this summer, mostly due to its network hosting dozens of DeFi tokens which grew tremendously. ETH then experienced a particularly sharp 30% correction, along with the entire market, about one month ago. The coin is now hovering around the $315-$340 support. Lower Volatility Following the crash, Ethereum experienced a...

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Synthetix Network (SNX) has been one of the most profitable investments this year. However, the token is now facing a bearish outlook. Recap: The Synthetix project is among the largest exchanges in decentralized finance. They have partnered with ChainLink to bring information about asset prices to blockchain without the need of a central party. Synthetix allows...

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Ethereum is the second-most capitalized coin in the crypto market, and it is prevalent among traders. One of the most frequently asked questions is, “how do I know when it is trading up?” Let’s review! Ethereum Fundamentals The Ethereum platform is used by developers to build different kinds of decentralized applications, including new digital assets,...

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Recently, Bitcoin has been trapped in a range between $9,800 and $10,500. After failing to break the resistance several times, BTC finally achieved a breakthrough four days ago on September 14. Where to Next? After achieving the breakthrough, BTC’s price has slowly crawled its way up to $11,000. Due to the slow increase of only 4% in two days, BTC has been unable...

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After falling by almost 20% last week, Bitcoin stabilized between the $9,800 and the $10,500 mark. Trading the Range This range offers the opportunity for a 7.5% gain from the lowest point to the highest. As traders, we know that catching the whole trend is impossible and even to catch half of it would be excellent. Taking this into account, we are then...

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Chainlink (LINK) is the biggest decentralized oracle project in the crypto space based on market capitalization. LINK started gaining upward momentum after the general market correction took place a few days ago. The coin bounced off the support at $9, and it is now attempting to break the $12.85-$13.4 resistance. The Opportunity After LINK breaks its current...

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AAVE (LEND) is among the most capitalized DeFi tokens. After a remarkable 5,000% run, the coin seems to be in a correction phase, which provides an excellent entry opportunity for investors looking to increase their DeFi holdings. Recap: AAVE is an open-source and non-custodial protocol that allows clients to borrow and lend a wide range of cryptocurrencies...

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HEDG is once again nearing its main support level and offers a 110% return! Recap: HedgeTrade (HEDG) is a platform created to improve social trading. Beginners can buy trading predictions in the form of “blueprints” secured by HedgeTrade smart contracts. Although the platform is currently geared towards Crypto’s, it plans to expand its operations to other...

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The FTX platform is a major futures platform in the Crypto market, and FTT is the platform's token. The exchange offers many possibilities for futures crypto trading and has created numerous triple leveraged tokens. The company even created futures for the US elections and spot tokens such as TRUMPWINS and TRUMPLOSES. FTT Fundamentals The FTT token has some...

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Tezos (XTZ) just hit its all-time high at $4.48 last week. It now stands at support, which was the high during its last bull run in February this year. Let’s take a look at Tezos and its likely forecast. What is Tezos and How Does it Work? Tezos is a platform designed to provide code correctness and safety for both its assets and use cases. The platform’s...

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Binance coin (BNB) is the native currency of one of the world’s biggest crypto exchanges: Binance. BNB is one of the most capitalized coins on the market and it has a fixed total supply of 176.406.561 BNB. Short History Lesson BNB is one of the best performing coins over time, as it outperformed Bitcoin by about 4,800% since its inception in July 2017. Most...

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Hi Hoppers! Today we dissect the Elder Ray and learn how to take long positions along with the Parabolic SAR. Without further due, let’s get into the Elder Ray! Elder Ray The Elder Ray is an oscillator with components of trend and momentum indicators to measure the strength of bullish and bearish trends. It uses exponential moving averages to generate signals...

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Bitcoin has tested the minor resistance around $12,000, which we identified in the last newsletter. Following Bitcoin's rise to $12,000, BTC re-tested the support between $10,000-$10,500. However, the support was tested by the wick of a single candle, which suggests that the support is solid at that price level. A small support level has started to form around...