OKB coin price action forms a descending triangle pattern with the newly formed resistance trendline. Will the bulls manage to break above this pattern? OKB is a cryptocurrency that was created through the OK Blockchain Foundation and Maltese cryptocurrency exchange, OKEx. The exchange is among the biggest in the world and currently is third in terms of liquidity, fourth in terms of trading volume, and has a broad range in trading pairs. OKEx is very similar to the giant cryptocurrency exchange Binance in many ways, however, there are some key distinctions. The platform offers its own cloud mining services, and the company is more focused on offering options trading services to customers. Let us move ahead to read about OKB technical analysis. Past Performance of OKB The OKB coin price struggles to rise above the horizontal level at $27.5 resulting in the downfall of 4.60% in the past 24 hours. Nonetheless, the price action shows an 11% jump in the last week from the support zone at $24. However, the tweezer top formation hints at a downfall back to the support zone. OKB/USD Daily Chart OKB Technical Analysis The OKB coin price action shows the formation of a resistance trendline in the daily chart. The trendline creates the image of a descending triangle pattern with the base at $24. Crucial EMAs (50, 100, and 200) rise higher in a bullish alignment in the daily chart. However, the price breaks below the 50-day EMA and finds support at the 100-day EMA. Meanwhile, the 200-day EMA stands strong beneath the triangle pattern. The RSI indicator at 48% shows the slope moving in a zig-zag movement near the central line in the daily chart. The slope reapproaches the central line as the 14-day SMA shows a gradual reversal. The Stochastic RSI indicator reflects a high possibility of a bearish crossover between the K and D in the daily chart. Therefore, a bearish retracement within the triangle is plausible. Taking a bearish stand, the technical analysis shows a rise in selling pressure and forecasts a reversal within the triangle.  Upcoming Trend The OKB coin price action plans to resonate within the triangle pattern before giving a crucial breakout and setting the upcoming trend. However, the recent bearish retracement brings a shorting opportunity with a target near $24.   However, safe traders should be patient till the pattern breakout to avoid sudden reversal within the triangle.  The OKB coin price chart suggests a bullish breakout of the triangle can face opposition at $28 and $31. And, if the bears control the upcoming trend, prices can find support at 200-day EMA and $20. At press time, the technical analysis by TradingView projects “NEUTRAL” sentiments for the OKB coin. Technical Analysis for OKBUSD

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ATOM coin price gives a bearish fallout of the rising expanding wedge pattern. But lack of follow-through halts the downfall. Cosmos utilizes a proof-of-stake consensus algorithm. Validator nodes who stake greater amounts of ATOM tokens have a higher chance of being selected to verify transactions and receive rewards. Nodes discovered to be dishonest are penalized and may lose the tokens they have to stake. Cosmos compares its native token with ASICs which are utilized in mining Bitcoin. In a technical paper composed by members of the Tendermint team, it was stated: “It is a piece of virtualized hardware (economic capital) that you need to obtain in order to participate as a keeper in the network.” Let us move ahead to read about Cosmos technical analysis. Past Performance of ATOM The ATOM coin price struggles to rise above the high selling pressure at $45 resulting in a downfall. The price action shows a free fall of more than 10% in the past 24 hours. The free fall leads to the formation of a bearish engulfing candle in the daily chart. However, the lack of bearish commitment evident by the fall in trading volume questions the dominance of bearish powers. ATOM/USD Daily Chart ATOM Technical Analysis The ATOM coin price action shows a bearish fallout of an ascending broadening wedge pattern in the daily chart. However, the high demand zone between $32 and $35 can result in a bullish reversal, driving the price back above the support trendline.  Moreover, the support at the demand zone will result in a double bottom pattern in the daily chart. Therefore, a buying opportunity can arise at the support zone. Crucial EMAs (50, 100, and 200) rise higher in a bullish alignment in the daily chart. Moreover, the 50-day EMA stands strong near the $32 support zone and is ready to provide support to the downfall.  The RSI indicator at 55% shows the slope creeping lower to the central line in the daily chart after the recent bearish crossover with the 14-day SMA. However, both the lines remain in the nearly overbought zone, suggesting the bulls are still influential. The Stochastic RSI indicator shows the K and D intermingled slightly above the oversold zone in the daily chart. However, the recent bearish crossover indicates a rise in selling pressure. From a technical perspective, the indicators maintain a slightly bearish consensus for the ATOM coin. However, the price action showcases a reversal possibility near the support zone.  Upcoming Trend The bearish fallout of the wedge pattern in the daily chart increases the bearish attention for ATOM coin price. However, selling at current prices has a small target between $35 and $32 due to the support zone.  Therefore, the fallout of the support zone can bring high selling pressure. However, the reversal from the zone can drive the prices higher above $45. The ATOM coin price chart suggests the next support levels at the zone between $32 and $35. And, if the bulls take over trend control, prices can find resistance at $45 and $60. At the time of writing, the technical analysis by tradingview reflects a rise in bullish sentiment as it gives a “BUY” signal. Technical Analysis for ATOMUSD by TradingView

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ROSE coin price fails to sustain above $0.50 and falls to the horizontal level at $0.45. Will the $0.45 level collapse under high selling pressure? Oasis Network (ROSE) is a security-focused level one blockchain developed to promote the open economy of finance as well as a responsible and sustainable data economy that utilizes the Cosmos SDK. Oasis is a leader in applications that encourage security and privacy of data and hopes to enable the private, scalable Defi and to expand beyond traders to the market. It is able to achieve high speed and has a secure structure by separating the settlement as well as the consensus layers. Let us move ahead to read about Oasis Network technical analysis. Past Performance of ROSE The ROSE coin price shows a downfall of almost 15% in the past 72 hours resulting in the formation of multiple bearish candles in the daily chart. The higher price rejection is evident by the long wick formations in the daily candles indicating a rise in selling pressure. Furthermore, the 25% jump in the trading volume indicates the entry of more sellers into the market. ROSE/USD Daily Chart ROSE Technical Analysis The retracement in the ROSE coin price can be a retest of the bullish breakout of $0.45. However, the increased trend momentum and rising selling pressure undermine the possibility of a retest.  Nonetheless, the horizontal level at $0.45 remains a crucial milestone in ROSE coin price action providing resistance multiple times before. Therefore, the level can halt the falling prices for a while.  Crucial EMAs (50, 100, and 200) in the daily chart maintain a bullish trend in a positive alignment ready to provide support to the downfall. Therefore, dips at 50-day EMA can generate a buying opportunity. The RSI indicator at 59% shows a fall in the slope from the overbought zone in the daily chart. The slope keeps a negative trend as it gives a bearish crossover with 14-day EMA and approaches the central mark.  The MACD indicator shows the MACD line approaching the signal line to give a bearish crossover. Moreover, the falling distribution of the bullish histograms indicates a rise in selling pressure. In short, the technical indicators reflect a fall in buying pressure and the price action showcases the entry of sellers. Therefore, the possible fallout of $0.45 will generate excellent selling pressure. Upcoming Trend The failure to sustain above the $0.50 mark drives the ROSE coin price lower to the horizontal level at $0.45. However, the increasing pressure projects a high possibility of a fallout below it.  However, being a crucial price action level, traders need to keep their eyes out for bullish reversal. This is why holders should avoid selling under pressure and wait for the price action confirmation. Moreover, a reversal from $0.45 can drive the prices higher to create new all-time high levels. The ROSE coin price chart suggests the next support levels at $0.41 and the 50-day EMA. And, in case of a bullish reversal, the price can find support at $0.55 and $0.65. The technical analysis by tradingview showcases a “NEUTRAL” sentiment in daily timeframe at press time. Technical Analysis for ROSEUSD by TradingView

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ADA coin price jumps more than 10% to break above the resistance level at $1.5 and shows a retest in action. Should you buy more at retest? The company was created by Charles Hoskinson, one of the co-founders of Ethereum and the CEO at IOHK, Cardano is one of the biggest blockchains that successfully implemented a proof-of-stake consensus mechanism. The new consensus uses less power than the proof of work algorithm that Bitcoin is built on. Cardano announced its highly-anticipated Alonzo update. With it being updated, the platform now supports a variety of crypto-related applications, such as non-fungible tokens (NFTs) as well as smart contracts. Let us move ahead to read about the Cardano technical analysis. Past Performance of ADA The ADA coin price shows a growth of more than 10% in the past 24 hours, resulting in the breakout of the resistance level at $1.5. Moreover, the price action forms a solid bullish engulfing candlestick in the daily chart. The price jump and the 100% growth in the intraday trading volume show a boom in buying pressure.  ADA/USD Daily Chart ADA Technical Analysis The V-shaped in the ADA coin price gives a bullish breakout of the double bottom pattern indicated in our previous technical analysis. The price retraces to retest the bullish breakout. Therefore, a tail formation near the neckline at $1.5 can be seen shortly. Crucial EMAs (50, 100, and 200) in the daily chart still maintain a bearish alignment, and the price jump faces rejection from the 200-day EMA. However, the post-retest bull run can bring the potential to rise above it.  The RSI indicator at 63% shows an end in the sharp growth as the slope retracts with the price facing rejection. Nonetheless, the slope remains above the central mark suggesting an increased bullish momentum.  The MACD indicator does a growing MACD line as the gap with the signal line increases. Moreover, the increasing intensity of the bullish histogram indicates a rise in underlying bullishness. Therefore, the ADA price action and the technical indicators indicate a boom in buying pressure and trend momentum.  Upcoming Trend The breakout of the double bottom pattern with the boom in buying pressure and trend momentum indicates the start of a bull run. Therefore, a price jump in ADA coin to $2 is possible after retesting the neckline breakout. The price action suggests upcoming resistance levels at $2 and $2.30. And, in case of a bearish reversal, the price can find support at $1.5 and $1.125. At press time, the sentiment chart gives a “NEUTRAL” signal for the ADA coin. Technical Analysis for ADAUSD by TradingView

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MANA coin price coils up within a falling wedge pattern in the daily chart, increasing the chances of a breakout. Is it a time to hold or sell? Decentraland defines itself as a computer game platform hopped-up by the Ethereum blockchain that enables users to create, experience, and legitimate content and applications. Decentraland uses 2 tokens: MANA, an ERC-20 token that has got to be burned to amass non-fungible ERC-721 LAND tokens. These tokens may want to get hold of a spread of avatars, wearables, names, and a lot more on the Decentraland marketplace. Let us move ahead to read about Decentraland technical analysis. Past Performance of MANA The MANA coin price action coils up within a falling wedge pattern in the daily chart. The price action shows a downfall of 40% from the inception of the pattern. Moreover, the dynamic resistance of the 50-day Exponential Moving Average keeps the bullish growth in check. MANA/USD Daily Chart MANA Technical Analysis The MANA coin price action is close to giving a breakout of the wedge pattern in the daily chart. Therefore, traders can shortly find a breakout entry opportunity. Crucial EMAs (50, 100, and 200) move sideways in the daily chart with a bullish alignment. However, the price resonates within the 50 and 100-day EMAs resulting in a consolidation range. Therefore, the breakout of either EMAs will generate an entry signal. The MANA price action suggests upcoming high supply areas at $3.45 and $4.15 above the falling wedge. And, in case of a bearish breakout, the price can find demand at $2.5 and $2. The RSI indicator at 46% shows the slope struggling to rise above the central line in the daily chart. However, the slope sustains above the 14-day SMA, indicating a slight rise in the bullish power. The MACD indicator shows a bullish crossover in the MACD and signal lines in the daily chart. The crossover marks the end of bearish histograms and indicates a rise in underlying bullishness. Therefore, the technical indicators suggest a possible bullish breakout of the falling wedge pattern.  Upcoming Trend The MANA coin price shows higher price rejection near the resistance trendline and the 50-day EMA. However, the technical indicators suggest a possible bullish breakout. Nonetheless, the breakout of either side will generate an entry spot.  Therefore, traders can hold their positions till the price action gives a bearish breakout. At press time, the sentiments chart remains “NEUTRAL” for the MANA token. Technical Analysis for MANAUSD

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SCRT coin price breaks above $9 and is soon to complete a rounding bottom breakout. Can we see the bulls create a new high above $10? Secret Network is based on original privacy research and papers from MIT in 2015, including “Decentralizing Privacy.” It is an open-source and permissionless blockchain. It is one of the most influential papers in the blockchain space with 2,000 academic citations.  Nodes on the Secret Network perform general computations on encrypted data that help smart contracts use private and sensitive data as inputs. The primary focus of the network is computer privacy, not just the transactional privacy that is apparent from its name. Let us move ahead to read about Secret technical analysis. Past Performance of SCRT The SCRT coin price action jumps more than 70% resulting in the breakout of $9 in the past week. The breakout of the $9 horizontal level was expected in our previous Secret network technical analysis. Combining the bullish growth and the 50% jump in the intraday trading volume suggests a rise in buying pressure. Therefore, the bulls are strengthening their grip on trend control. SCRT/USD Daily Chart SCRT Technical Analysis The SCRT coin price hints at the completion of a rounding bottom pattern in the daily chart. The breakout of the pattern teases a bull to $16 if the buying pressure sustains. Therefore, traders can find an excellent breakout entry shortly. Crucial EMAs (50, 100, and 200) manage to sustain their bullish alignment as the price jump helps the 50-day EMA avoid crossing below the 100-day EMA. The 20-day EMA provides constant support and rises along with the bullish rally.  The RSI indicator at 73% shows a sudden slanting spike in the slope as it enters the overbought zone. Moreover, the 14-day SMA is above the 50% mark and approaches the overbought zone. The MACD indicator shows the MACD and signal lines maintain equal distance while rising higher into the positive zone. Moreover, the continuation of bullish histograms reflects the bulls regaining trend control again. Therefore, the SCRT price action and technical indicators showcase a boom in buying pressure and trend momentum. That is why the breakout of the rounding bottom pattern seems imminent.  Upcoming Trend The SCRT coin price action is close to completing an extremely bullish price pattern in the daily chart. The breakout of the rounding bottom pattern can drive the prices higher to $16. Therefore, traders can find buying at current prices or at the breakout of $10 to ride the potential rally.  The Secret Network price action suggests high supply areas after $10 at $11 and $12.35. And, in case of a reversal from the neckline at $10, the price can find support at $8 and $7. At press time, the sentiments chart gives a “BUY” signal for the SCRT coin. Technical Analysis for SCRTUSD

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FTM coin price retests the bullish breakout of the inverted head and shoulder in the daily chart. Will the increased buying pressure touch $4? Fantom aims to develop the DeFi and other smart contracts-based decentralized services with the help of a new consensus mechanism. Fantom created this new consensus mechanism, Lachesis, from scratch to increase security and speed. The mechanism has a higher capacity, a faster rate of transaction finalization (~two seconds), and is more secure than the PoS mechanism. Let us move ahead to read about Fantom technical analysis. Past Performance of FTM The FTM coin price shows a growth of more than 10% in the past 24 hours, resulting in a breakout of $3.15. Moreover, the price jump increases the chances of a new all-time high formation. Currently, the price retests the bullish breakout of the horizontal level at $3.15. Therefore, a post-retest bull run can drive the prices higher above $3.5. FTM/USD Daily Chart FTM Technical Analysis The FTM coin price retests the bullish breakout of the inverted head and shoulder pattern in the daily chart. The breakout was predicted in our previous technical analysis. The lower price rejection evident by the long tail formation indicates a boom in underlying bullishness. Crucial EMAs (50, 100, and 200) maintain a bullish alignment in the daily chart, while the 20-day EMA provides constant dynamic support. Therefore, the EMAs help sustain the buying pressure and drive the FTM prices higher. The RSI indicator at 65% shows rejection from the overbought boundary and retraces lower to the central line. Nonetheless, the 14-day SMA and the slope sustain in the nearly overbought zone signaling a stronger bullish side. The MACD indicator shows the MACD and signal lines sustaining above the zero mark by reversing the recent bearish crossover. The lines regain the bullish alignment and rise higher with positive growth in histograms.  Therefore, the underlying growth in the bullish momentum is evident by the pattern breakout and technical indicators. Hence, the FTM coin can shortly resume the uptrend.  Upcoming Trend The FTM coin price retests the bullish breakout of the inverted head and shoulder pattern in the daily chart. Therefore, traders can find a bullish entry at current prices with excellent risk to reward positions to capture the upcoming bullish trend. The Fantom coin price action suggests the key resistance pivot levels at $4.15, once the sustains above $3.5. And, in case of a bearish reversal, the price can find demand at $3.15 and $2.75. The sentiments chart gives a solid “BUY” signal for the FTM coin, at the time of writing. Technical Analysis for FTMUSD

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UNI coin price approaches the resistance trendline of the falling broadening wedge pattern. Can bulls break it this time? Uniswap is a famous decentralized buying and selling protocol, acknowledged for its position in facilitating the computerized buying and selling of decentralized finance (DeFi) tokens. Its objectives are to preserve token buying and selling computerized and absolutely open to anybody who holds tokens. At the same time, enhances the performance of buying and selling as opposed to that on conventional exchanges. The exchange creates greater performance via means of fixing liquidity troubles with computerized solutions, fending off the issues which plagued the primary decentralized exchanges. Let us move ahead to read about Uniswap technical analysis. Past Performance of UNI The UNI coin price action shows a bullish reversal from the horizontal level of $14 resulting in a price jump of more than 20%. The price jumps breaks above the $16 zone and approaches the resistance trendline. However, the bearish candle forming near the trendline hints at a bearish reversal. UNI/USD Daily Chart UNI Technical Analysis The UNI coin price approaches the resistance of the falling wedge pattern in the daily chart. However, the high selling pressure near the trendline seems to suppress the short-term bullish rally.  Crucial EMAs (50, 100, and 200) trend lower in a bearish alignment in the daily chart. The price faces dynamic resistance near the 50-day EMA, resulting in the bearish candle at press time.  The RSI indicator at 51% shows a sudden decrease in the slope resulting in a fall towards the central line (50%) in the daily chart. Therefore, the indicator reflects a sudden fall in the underlying bullish momentum. The MACD indicator shows a rising movement in the MACD line after the bullish crossover with the signal line. Therefore, the indicator remains bullish for the coin.  Therefore, the UNI coin price action and technical indicators wait for the breakout of the trendline or the $16 zone to give a decisive signal.  Upcoming Trend The UNI coin price struggles to rise above the high selling pressure area, moving along with the resistance trendline and the 50-day EMA. However, the $16 support zone stands strong and attempts to push the price higher.  Therefore, traders need to wait for the price action confirmation before picking a side.  The price action suggests upcoming resistance levels at $19 and $22 following the resistance trendline. And, in case of a bearish reversal, the price can find support at $16 and $14. At the time of writing, the sentiment chart gives a “BUY” signal for the UNI token. Technical Analysis for UNIUSD

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ADA coin price is under tremendous buying pressure and hints at double bottom breakout. Will the increased trend momentum reach $2? Founded by Charles Hoskinson, one of the co-founders of Ethereum, CEO of IOHK, Cardano is one of the largest blockchains to successfully use a proof-of-stake consensus mechanism. The new consensus consumes less power than the proof-of-work algorithm on which Bitcoin is based.  On September 12, Cardano released its highly anticipated Alonzo update. After the update, the network now supports a wide array of crypto applications, including non-fungible tokens (NFTs) and smart contracts. Let us look at what the Cardano technical analysis reveals: Past Performance of ADA The ADA coin price action shows a V-shaped recovery in the daily chart with a 30% price jump following the downfall to $1.125. The coin price shows a rise of almost 10% in the past 24 hours, with a 130% rise in intraday trading volume. This indicates a boom in the underlying buying pressure. The price approaches the crucial resistance level of $1.5 that may soon generate a breakout entry opportunity. ADA/USD Daily Chart ADA Technical Analysis The V-shaped in the ADA coin price completes a double bottom pattern in the daily chart. The neckline of the patterns coincides with the resistance level at $1.5. Therefore, the breakout of the pattern will give an excellent buying spot.  Crucial EMAs (50, 100, and 200) trend lower in a bearish alignment in the daily chart. The price breaks above the 50-day EMA and continues to reach the 200-day EMA.  The RSI indicator at 59% shows a sharp increase in the slope resulting in the central line (50%) breakout in the daily chart. Therefore, the indicator reflects a boom in the underlying bullish momentum. The MACD indicator shows a sudden rise in the MACD line driving the line further away from the signal line after the bullish crossover. Moreover, the solid growth in bullish histograms suggests increased buying pressure. Therefore, the rising buying pressure is evident by the technical indicators, increasing the chances of a bullish breakout of $1.5.  Upcoming Trend The double bottom pattern made by the ADA coin price action can shortly give a bullish breakout of the neckline at $1.5. Therefore, traders can expect the breakout to reach the $2 mark by the end of January.  The price action suggests upcoming resistance levels at $2 and $2.30 following the level at $1.5. And, in case of a bearish reversal, the price can find support at $1.125  and $1. At press time, the sentiment chart gives a strong “BUY” signal for the ADA token.

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A Flag pattern is leading this correction rally in Decentraland (MANA) token price. The token is still trapped inside this pattern, and so far it has almost lost 50% of its value. The long traders should wait for a bullish breakout from the overhead trendline to acquire a proper long entry signal. Key technical points:

The post MANA Price Analysis: Escaping This Flag pattern MANA Token Could Rally To $5.5 Mark appeared first on CoinGape.

Peminatan investor terhadap Peluang dan Resiko Investasi Bitcoin cukup tinggi tak terkecuali pasar modal Indonesia. Bagaimana tidak, salah satu mata uang kripto yakni Bitcoin memang sedang naik daun dan pamornya kian melejit sejak CEO Tesla Elon Musk membeli aset digital sebanyak US$1,5. Masa pandemi membawa dampak signifikan terhadap dunia investasi, setiap pekerja atau pebisnis akan […]

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