17.2 C
New York

Tag: SMA

JPMorgan Backs Bitcoin to Rise 28%, Saying Cryptos are Preferred Alternative Asset

U.S.-based global investment bank JPMorgan disclosed on a note on Wednesday that the fair price of Bitcoin is 28% higher than its current level, implying "significant...

Top News

Brent Crude – Interesting areas of support

Will corrections be shallow? Oil prices have been rising once again over the last week as the EU has considered banning Russian imports and an outage on a pipeline that runs through the country reduced output by around one million barrels per day. Sanctions imposed by the West have already caused significant disruption to Russian […]

Brent Crude – Interesting areas of support

Will corrections be shallow? Oil prices have been rising once again over the last week as the EU has considered banning Russian imports and an outage on a pipeline that runs through the country reduced output by around one million barrels per day. Sanctions imposed by the West have already caused significant disruption to Russian […]

Brent Crude – Interesting areas of support

Will corrections be shallow? Oil prices have been rising once again over the last week as the EU has considered banning Russian imports and an outage on a pipeline that runs through the country reduced output by around one million barrels per day. Sanctions imposed by the West have already caused significant disruption to Russian […]

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.

Shiba Inu Price Prediction: SHIB Price Targets $0.000035 Amid Renewed Buying Momentum

SHIB price manages to collect gains as bulls are back after the short backslide from Monday. The price once again visits the 50-day SMA at $0.000024 since Saturday. This shows the growing interest of bulls in the token after bottoming out near $0.000020. SHIB price trades higher for the second straight day. More gains towards

The post Shiba Inu Price Prediction: SHIB Price Targets $0.000035 Amid Renewed Buying Momentum appeared first on CoinGape.

Ethereum Price Prediction: ETH/USD Market Witnesses a Swing High

Price Experiences Series Declines – March 23There has been a return of an upward-moving motion in the ETH/USD trade activities as the crypto-economic market witnesses [...]
Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

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.

Bitcoin Cash Price Prediction: BCH/USD Market Intensifies Efforts, Rebounding

Market Intensifies Efforts at Rebounding – March 22It has been a long time the BCH/USD trade activities hover around $300. The situation was not easy [...]

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.

EUR/USD – Any hope of a reversal?

Or will the downtrend continue? The euro has rebounded well against the dollar over the last week as risk appetite has modestly improved but it’s already running into some trouble. The pair has been in a long-term downtrend and we could soon see if that is set to continue. It has run into resistance around […]

Bitcoin (BTC/USD) Market Holds Below $42,500

Bitcoin Price Prediction – March 21The recent efforts in the BTC/USD trade upsurges have led the price to encounter resistance above the $40,000 psychological level. [...]

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.

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Recent articles

spot_img