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Bitcoin Options Expire

The bitcoin and ethereum options on Deribit, one of the largest crypto derivatives exchange, expired earlier today. This month saw the largest open interest in...

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Bitcoin Cash Analysis: $400 Presents Key Resistance

Bitcoin cash price started a fresh increase from the $280 support against the US Dollar. The price is now trading above the $350 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $360 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase)....

The post Bitcoin Cash Analysis: $400 Presents Key Resistance appeared first on Live Bitcoin News.

BTT Technical Analysis: Will Buyers Break The 50-day EMA?

BTT Technical Analysis: Price Took a Crucial Support at $0.003054 for a Trend Reversal

BTT coin price shows a reversal from the $0.000001700 mark resulting in a price jump of 10%. Will the increasing trend surpass the $0.000002000 mark? Key technical points: BTT coin price surpasses the $0.000001800 mark. In addition, it has increased by 10% in the last ten days. Finally, the 24-hour trading volume of Bittorrent is $80 Million, marking a 20% fall.  Past Performance of BTT The BTT coin price shows a bullish reversal from the $0.000001700 mark resulting in a growth of 10% and approaching the 50-day EMA. Furthermore, the reversal might shortly challenge the resistance zone below the $0.000002000 mark. However, the Doji candlestick forming near the 50-day EMA threatens the reversal possibility.  Source-Tradingview BTT Technical Analysis  BTT coin price surpasses the daily resistance at $0.000001850, which may shortly demand a retest for further bullish continuation. Hence, the Doji candlesticks might come as a retest phase before the $0.000002000 breakout. The crucial EMAs (50, 100, and 200) project a bearish alignment, with the price facing multiple rejections from the 50-day EMA. Hence, the price struggling to approach the EMA might demonstrate an early reversal.  RSI Indicator: The RSI slope shows a positive recovery with the start of March 2022, as it crosses above the 50% mark from the oversold boundary. Furthermore, there is no evidence of a bearish divergence in the daily chart.  MACD Indicator: The MACD and signal lines demonstrate a high momentum trend after the bullish crossover resulting in high-intensity positive histograms. Hence, the indicator gives a bullish signal for the token. In a nutshell, the BTT technical analysis maintains an overall bullish view. Upcoming Trend  The BTT coin price might surpass the 100-day EMA if buyers overthrow the sellers at the 50-day EMA and the $0.000002000 psychological mark. However, the reversal possibility with the Doji candle forming near the $0.000001900 resistance could result in a free fall to the $0.000001800 mark. Support Levels: $0.000001800 and $0.000001700  Resistance Levels: $0.000001900 and $0.000002000 

The post BTT Technical Analysis: Will Buyers Break The 50-day EMA? appeared first on Cryptoknowmics-Crypto News and Media Platform.

XLM Technical Analysis: Bullish Recovery Plans a 20% jump

XLM Technical Analysis: Retracement to Support Trendline Hints a Fallout

XLM coin price shows a rising trend momentum with the 50-day breakout, which may shortly reach the $0.070 mark with the 100-day EMA breakout. Key technical points: XLM coin price approaches the $0.050 mark. In addition, it breaks above the 50-day EMA. Finally, the 24-hour trading volume of Stellar is $83 Million, marking a 27.49% rise.  Past Performance of XLM The XLM coin price shows a phenomenal bullish recovery from the $0.035 mark resulting in the 50-day EMA. The recovery shows an increased bullish momentum evident by the jump in trading volume and the % long engulfing candle. Hence, the breakout of the long-coming dynamic resistance by the 50-day EMA marks a bullish milestone.  Source-Tradingview XLM Technical Analysis  XLM coin price jump comes after a short consolidation at the $0.035 mark which created a bottom for the upcoming reversal. The range breakout unleashes the trapped bullish momentum and projects an uptrend possibility to $0.070.  The crucial EMAs (50, 100, and 200) project a bearish alignment, but the 50-day EMA breakout results in a price jump closer to the 100-day EMA. Furthermore, the price may outperform the 100-day EMA as the buying pressure grows.  RSI Indicator: The RSI slope reverses the long-coming uptrend with the slope touching the overbought boundary. Furthermore, the 14-day SMA mimics the uptrend and crosses above 50%. MACD Indicator: The MACD and signal lines project an uptrend with minimum bullish spread as they approach the zero level. In a nutshell, the XLM technical analysis gives a solid bullish signal with the breakout possibility of the 100-day EMA. Upcoming Trend  The XLM coin price action projects a boom in buying pressure with the 50-day EMA that may shortly result in an upside rally if the prices close above the 100-day EMA. Hence, an upside potential of 20% if the buyers maintain trend control. However, a downside possibility is the 50-day EMA fallout resulting in the fall to the $0.040 mark. Support Levels: $0.045 and $0.040 Resistance Levels: $0.060 and $0.070

The post XLM Technical Analysis: Bullish Recovery Plans a 20% jump appeared first on Cryptoknowmics-Crypto News and Media Platform.

TA: Ethereum Reclaims $3K, Technicals Suggest More Upsides

Ethereum is moving higher above $3,000 against the US Dollar. ETH price could gain pace if there is a clear move above the $3,080 resistance. Ethereum remained well supported near the $2,900 support zone. The price is now trading above $2,920 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $2,985 on the hourly chart of ETH/USD (data feed via Kraken). The pair is consolidating near $3,000 and might extend rally in the near term. Ethereum Price Eyes More Gains Ethereum corrected lower below the $2,950 support zone. However, ETH remained supported near the $2,900 zone and the price is still well above the 100 hourly simple moving average. The price started a fresh increase above the $3,000 resistance. Ether even climbed above the $3,050 level. A high is formed near $3,080 and the price is now consolidating gains. There was a minor drop below the $3,050 level. The price declined below the 23.6% Fib retracement level of the upward move from the $2,926 swing low to $3,080 high. ETH is now consolidating near $3,000 and is well above the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $2,985 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com On the upside, an initial resistance is near the $3,065 level. The first major resistance is near the $3,080 level. Ether price must clear the $3,080 resistance level to start another increase. In the stated case, the price may perhaps rise towards the $3,120 level. Any more gains might call for a move towards the $3,250 resistance zone in the coming sessions. Downside Break in ETH? If ethereum fails to start a fresh increase above the $3,080 level, it could start a downside correction. An initial support on the downside is near the $3,000 zone. The next major support is near the $2,980 level and the trend line. A downside break below the $2,980 support zone might push the price further lower. In the stated case, the price might drop to $2,920. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $2,980 Major Resistance Level – $3,080

TA: Bitcoin Steadies Above $42K, What Could Spark More Upsides

Bitcoin started a steady increase above the $42,000 resistance against the US Dollar. BTC tested the $43,400 zone and recently corrected lower. Bitcoin started a downside correction after a test of $43,400. The price is trading above $42,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $41,950 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $41,500 support zone to remain in a positive zone. Bitcoin Price Remains In Uptrend Bitcoin price started a steady increase after it cleared the $42,000 resistance zone. BTC gained pace for a move above the $42,500 level and settled above the 100 hourly simple moving average. The upward move was such that the price even broke the $43,200 resistance. It traded as high as $43,402 and is currently correcting lower. There was a move below the 23.6% Fib retracement level of the recent increase from the $40,510 swing low to $43,402 high. However, the bulls are defending the $42,000 support zone. There is also a key bullish trend line forming with support near $41,950 on the hourly chart of the BTC/USD pair. The trend line is close to the 50% Fib retracement level of the recent increase from the $40,510 swing low to $43,402 high. On the upside, the price is facing resistance near the $42,800 level. The next major resistance could be near the $43,000 zone. A successful break and close above the $43,000 level might start another steady increase. Source: BTCUSD on TradingView.com In the stated case, the price might rise towards the $43,500 level. Any more gains could send the price towards the $44,200 level in the coming sessions. Downside Break in BTC? If bitcoin fails to clear the $43,000 resistance zone, it could correct further lower. An immediate support on the downside is near the $42,000 zone. The next major support is seen near the trend line and the 100 hourly SMA. The main support sits near the $41,500 zone (the previous breakout zone). A downside break below the $41,500 support zone could push the price further lower towards $40,500. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $42,000, followed by $41,500. Major Resistance Levels – $42,800, $43,000 and $43,500.

XEM Technical Analysis: Increasing Greed Eyes 200-day EMA 

XEM Technical Analysis: Price Is Having a General Downtrend Taking Support Yesterday at $0.1775

XEM coin price shows increased buying activity resulting in the resistance trendline breakout. Will the breakout rally reach the $0.15 mark? Key technical points: XEM coin price outperforms the 50-day EMA. In addition, the altcoin price surpasses the $0.10 mark. Finally, the 24-hour trading volume of NEM is $71 Million, marking a 273% rise.  Past Performance of XEM The XEM coin price displays an impulsive boost in buying pressure near the support level of $0.090. The recovery cracks above the $0.10 mark, the 50-day EMA, and the long-coming resistance trendline with an 18% jump last week. The trendline breakout comes with the bullish engulfing candlestick of 7.80% and shows a retest candle in action. Source-Tradingview XEM Technical Analysis  XEM coin price shows a high possibility of a post-retest uptrend continuation which may reach the $0.12 or $0.15 mark. Moreover, the increased buying pressure evident by the 270% jump in trading volume increases the chances of a bull run.  The crucial EMAs (50, 100, and 200) sustain the bearish alignment as buyers transcend the 50-day EMA and prepare to head higher after retest. However, the 50-day EMA breakout teases a bull run to the 200-day EMA, accounting for an almost 30% price jump. RSI Indicator: The RSI slope continues the spiked bullish movement as it surpasses the halfway mark and approaches the overbought boundary. Furthermore, the bullish divergence is clear and teases a bullish continuation.  MACD Indicator: The MACD and signal lines regain the positive alignment with the bullish spread, and the strings continue to approach the halfway mark.   In a nutshell, the XEM technical analysis shows a boom in underlying bullishness and teases a bull run to the $0.15 mark. Upcoming Trend  XEM coin price shows an ongoing retest phase of the trendline breakout, which may shortly push higher to the 100-day EMA. However, the uptrend has the potential to surpass the 200-day EMA and hit the $0.15 mark as the buyers add up. Contrarily, a failed retest will lead to the $0.10 fallout and a price fall to $0.090, accounting for an almost 15% downfall. Support Levels: $0.10 and $0.090 Resistance Levels: $0.12 and $0.15

The post XEM Technical Analysis: Increasing Greed Eyes 200-day EMA  appeared first on Cryptoknowmics-Crypto News and Media Platform.

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TA: Bitcoin Moves Below 100 SMA, Why $40K Is The Key

Bitcoin started a downside correction below $41,200 against the US Dollar. BTC must stay above the $40,000 support to start a fresh increase. Bitcoin started a downside correction below the $41,200 support zone. The price is trading below $41,400 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $41,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $40,000 support zone to remain in a positive zone. Bitcoin Price Consolidates Bitcoin price started a downside correction after it failed to clear the $42,500 resistance zone. BTC declined below the $42,000 level to move into a short-term bearish zone. There was a clear move below the $41,500 support zone and the 100 hourly simple moving average. The decline gained pace below the $41,200 support zone. Finally, it tested the 50% Fib retracement level of the key increase from the $38,808 swing low to $42,368 high. The bulls were active above the $40,500 support zone. There is also a key contracting triangle forming with resistance near $41,400 on the hourly chart of the BTC/USD pair. On the upside, the price is facing resistance near the $41,400 level and the triangle zone. The 100 hourly SMA is also near the triangle resistance and $41,400. The next major resistance could be near the $41,500 zone. A successful break and close above the $41,500 level might start a steady increase. Source: BTCUSD on TradingView.com In the stated case, the price might rise towards the $42,000 level. Any more gains could initiate a fresh move towards the key $42,500 barrier in the near term. Downside Break in BTC? If bitcoin fails to clear the $41,500 resistance zone, it could continue to move down. An immediate support on the downside is near the $40,800 zone. The next major support is seen near the $40,500 level. The main support sits near the $40,000 zone. It is near the 61.8% Fib retracement level of the key increase from the $38,808 swing low to $42,368 high. A downside break below the $40,000 support zone could push the price further lower towards $38,800. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now near the 50 level. Major Support Levels – $40,500, followed by $40,000. Major Resistance Levels – $41,400, $41,500 and $42,500.

XRP Price Prediction: XRP Price To Rechallenge $0.9 Resistance; Buy Time?

The continuation pattern resulting in favor of bulls has set a new recovery for the Ripple(XRP) price. The sluggish rally continues to approach the local resistance of $0.9, hoping to overcome February’s high resistance. Can buyers maintain the buying momentum to the $1 mark? Key points:  The 50-and-100-day SMA nearing a positive crossover The daily-MACD

The post XRP Price Prediction: XRP Price To Rechallenge $0.9 Resistance; Buy Time? appeared first on CoinGape.

Shiba Inu Price Analysis: Bullish Pattern is Forming, SHIB’s Breakout Imminent?

After 80% correction since reaching its ATH, positive news about Shiba is popping and might cause a trend reversal. However, the SHIB price is facing challenges from a technical standpoint on its way up. The Daily Chart Technical Analysis by Grizzly On the daily timeframe, Shiba Inu’s SHIB is trading inside a falling wedge, which […]

Sandbox Price Prediction: Doji Candle Hints Indecision Among SAND traders; Hold Or sell?

For over a month, the Sandbox(SAND) price has been trapped within the $3.5 and $2.66 levels. However, the recent bull cycle had surged the coin price to dynamic resistance trendline teasing for a bullish breakout. Can buyers breach this overhead resistance, or will sellers dominate the field again?  Key points:  The SAND price buyers try

The post Sandbox Price Prediction: Doji Candle Hints Indecision Among SAND traders; Hold Or sell? appeared first on CoinGape.

ETH Could Rally Again After Consolidating Near $2800: Analysis

ETH could rally again after consolidating near the $2800 price range and rallied against the US dollar so let’s take a closer look at today’s latest Ethereum news. The ETH price is now consolidating near the $2800 level and could rise above it. Ethereum started a new increase above the $2750 resistance level and now […]

TA: Bitcoin Holds Uptrend Support, What Could Trigger Sharp Decline

Bitcoin started a fresh increase above the $41,000 resistance against the US Dollar. BTC is struggling near $41,500, but it is still above the $40,000 support. Bitcoin is trading well above the $40,000 support zone. The price is trading above $39,800 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $40,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a sharp decline if there is a clear move below the $39,000 support. Bitcoin Price Remains Supported Bitcoin price remained below the $41,500 resistance level. BTC formed a high near $41,470 and is currently moving lower. There was a decline below the $41,000 level. The price also traded below the 23.6% Fib retracement level of the upward move from the $39,311 swing low to $41,470 high. However, the price is still trading well above $39,800 and the 100 hourly simple moving average. It is trading near the 50% Fib retracement level of the upward move from the $39,311 swing low to $41,470 high. There is also a key bullish trend line forming with support near $40,050 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com On the upside, the price is facing resistance near the $41,000 level. The next major resistance could be near the recent high or $41,500. A successful break and close above the $41,500 level might start a steady increase. In the stated case, the price might rise towards the $42,000 level. Any more gains might send the price towards the $42,500 level in the near term. Downside Break in BTC? If bitcoin fails to clear the $41,500 resistance zone, it could continue to move down. An immediate support on the downside is near the $40,350 zone. The next major support is seen near the $40,000 level and the trend line. The main support is still near the $39,000 zone and the 100 hourly simple moving average. A downside break below the $39,000 support zone could start a sharp decline. In this case, the price may perhaps decline towards the $37,500 level. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $40,000, followed by $39,000. Major Resistance Levels – $41,000, $41,500 and $42,500.
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