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Cardano Price Prediction: ADA Faces 17.6% Downside Risk If Bulls Lose $0.82 Support Level

On March 1st, the Cardano (ADA) price was rejected from the $1 psychological level with an evening star candle pattern. The sellers sank the altcoin back to weekly support of $0.82. Can sellers extend this sell-off to newer levels, or would buyers step in to seize control from them? Key points The ADA price retest

The post Cardano Price Prediction: ADA Faces 17.6% Downside Risk If Bulls Lose $0.82 Support Level appeared first on CoinGape.

SHIB Price Analysis: Descending Trendline Breakout Is Must To Revert Ongoing Downfall

The range-bound movement in SHIB price has dropped to the support trendline of the symmetrical triangle pattern. The buyers preparing for a bullish reversal would face a steeper trendline before challenging the pattern’s key resistance.  Key technical points:  The 200-day DMA has flipped to valid resistance The intraday trading volume in the Shiba Inu coin

The post SHIB Price Analysis: Descending Trendline Breakout Is Must To Revert Ongoing Downfall appeared first on CoinGape.

MANA Price Prediction: Support Confluence Hints 25% Upside For Decentraland (MANA)

The Decentraland (MANA) price has seen a constant downfall since it last tested the ATH at $5.9 on Nov ‘21. The falling altcoin found first support at $3 and has been beaten down from the sellers-driven trendline finding itself in a symmetrical triangle. The current sideways rally now retests the support trendline. Can buyers wrest

The post MANA Price Prediction: Support Confluence Hints 25% Upside For Decentraland (MANA) appeared first on CoinGape.

KDA Technical Analysis: Deathcross Increases Bearish Influence 

KDA Technical Analysis

KDA coin price fails to surpass the sellers at the 200-day EMA and retraces to the $5.75 support. Will the trendline influence bring another fallout? Key technical points: The KDA price trends lower under the influence of a descending trendline The RSI slope crosses below the central line. The 24-hour trading volume in the Kadena token is $46 Million, indicating an 11% fall.  Past Performance of KDA KDA coin price shows a reversal from the $5.75 support level and rises higher to the highly bearish resistance trendline. However, the increased selling pressure along the trendline and the 200-day EMA crushes the bullish attempt resulting in a 15% downfall within 48 hours.  Source-Tradingview KDA Technical Analysis  KDA coin price retraces to $5.75 after the rejection from the $7.70 mark as the selling pressure increases. Hence, the altcoin brings a selling opportunity at the current prices.  The falling 50-day EMA crosses below the 200-day EMA as sellers reject another bullish attempt. Moreover, the crossover of 100 and 200-day EMA may shortly follow the death cross in the KDA/USD chart.  The Stochastic RSI indicator shows the end of the bull cycle as the K line crosses below the D line. Hence, the diving lines indicate the increasing chances of downfall below the $5.75 mark. The RSI indicator slope fails to sustain above the 50% mark and returns to the 14-day average. However, the uptrend in the RSI slope continues with the 14-day SMA. Hence, the indicator reflects the possibility of a reversal. In a nutshell, KDA technical analysis projects a bearish bias as the rejection from the 200-day EMA gains momentum. Upcoming Trend KDA coin price action brings a selling opportunity with the rejection from the death cross. Hence, a higher price rejection can be seen in the currently making bullish candle. Moreover, the fallout of $5.75 can result in a 25% discount. Conversely, if bulls regain trend control with a reversal from $5.75, the altcoin would rally higher and retest the trendline.  Support Levels: $5.75 and $4.35 Resistance Levels: $7 and $7.75  

The post KDA Technical Analysis: Deathcross Increases Bearish Influence  appeared first on Cryptoknowmics-Crypto News and Media Platform.

AXS Technical Analysis: Can Sellers Break The $50 Support?

AXS Technical Analysis: A Quiet Correction and a New Growth Impulse

AXS coin price fails to surpass the resistance trendline and retraces to the $50 support. Will the increased selling pressure bring heavier discounts? Key technical points: The AXS price resonates lower in the descending triangle. The Stochastic RSI displays a bearish crossover. The 24-hour trading volume in the Axie Infinity token is $303 Million, indicating a 2.45% gain.  Past Performance of AXS AXS coin price showed a consolidation breakout formed near the $50 support zone resulting in a rally to the long-coming resistance trendline. However, the price failed to withstand the high selling pressure resulting in downfall to the $50 support zone. The price action prints a triple black crow formation hinting at a decline below the emotional barrier.  Source-Tradingview AXS Technical Analysis  The AXS/USDT chart shows the price coming back to the $50 support zone for the third time since the start of 2022. The bearish anticipation of downfall below $50 will find support at the $38 mark. The flattish 100 and 200-day EMA shows a bearish crossover, with the 50-day EMA providing a constant dynamic barrier. Hence, the EMAs are expected to be moving along with high-selling pressure areas. The Stochastic RSI indicator shows the K and D line nosedive below 70% following a bearish crossover. Hence, the falling lines indicate the end of the bull cycle. The RSI indicator slope show rejection from the central line and retraces to the 14-day average line. However, the slope shows a bullish divergence in the last two dips at the support zone.  In a nutshell, AXS technical analysis projects a bearish bias as the retracement gains momentum. Upcoming Trend AXS coin price anticipates a bearish downfall if the sellers strengthen their grip over trend control and bring the $50 fallout. However, the high demand accompanying the emotional barrier will be challenging for the bears.  Contrarily, if bulls regain trend control with a reversal, the altcoin would rally higher and retest the trendline.  Support Levels: $50 and $40 Resistance Levels: $60 and $70  

The post AXS Technical Analysis: Can Sellers Break The $50 Support? appeared first on Cryptoknowmics-Crypto News and Media Platform.

MANA Technical Analysis: Will MANA price sink to $2 support? 

MANA Technical Analysis

MANA coin price action escaped the sideways rally with a breakdown from a symmetrical triangle pattern. Can sellers continue their march to $2 support? Key technical points: The MANA price gave fallout from the symmetrical triangle pattern The Stochastic RSI displays a bearish crossover The 24-hour trading volume in the Decentraland token is $508.7 Million, indicating a 6.7% gain.  Past Performance of MANA Over the past two months, the MANA price resonated in a symmetrical triangle pattern. On March 1st, the buyers failed to continue their bull cycle and turned down the share resistance of $5.25 and 50-day DMA. The follow-up downfall gave a bearish breakdown from the price pattern, accelerating the ongoing selling.  Source-Tradingview MANA Technical Analysis  The MANA/USD daily chart shows three consecutive red candles, registering a 12.5% fall. The breakout candle has reached $4.5, and a 200-day EMA combined support. Hence, the altcoin is expected to revert from this support and retest the breached trendline.  The flattish 50-and–200-day EMA accentuates the sideways price action. The altcoin price is sandwiched between these EMAs, where a breakout from either of these levels would bolster the next rally.  The Stochastic RSI indicator shows the K and D line nosedive below the neutral line following a bearish crossover. Hence, the end of the bull cycle increases the chances of a $2.45 breakout. The MACD indicator shows the fast and slow lines are gradually lower in the bearish territory. Moreover, the MACD histograms remain bearish indicating a sustained selling momentum.  In a nutshell, MANA technical analysis shares a negative bias suggesting a possible decline to the $2 mark. Upcoming Trend If MANA bears sustain this restest phase below the breached ascending trendline, the selling pressure would intensify and plunge the altcoin to $2 Conversely, if bulls wrest control from the bears during the restest phase, the coin price would rally higher and reenter the triangle pattern. However, the sellers could maintain a stiff resistance at the confluence of $2.85 and 50 EMAs, interrupting further gains.  Support Levels: $2.5 and $2 Resistance Levels: $2.85 and $2

The post MANA Technical Analysis: Will MANA price sink to $2 support?  appeared first on Cryptoknowmics-Crypto News and Media Platform.

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NEAR Technical Analysis: $12 Rejection Teases A Bullish Pattern 

NEAR Technical Analysis

The NEAR coin price fails to rise above $11.65 and retraces to the 200-day EMA. Will the trend-defining EMA propel the prices higher? Key technical points: The NEAR coin price reverses from $11.65 The Stochastic RSI shows the end of a bull cycle The 24-hour trading volume in the Near Protocol token is $1.02 Billion, indicating a 30% rise.  Past Performance of NEAR NEAR coin price breaks above the consolidation phase observed above the $8 level with a growth of 35% within 48 hours, resulting in bullish engulfing candles. The rally broke above the 200-day EMA and the merger of 50 and 100-day EMA. However, despite the phenomenal growth in buying pressure, the rally fails to surpass $11.65.  Source-Tradingview NEAR Technical Analysis  The NEAR coin price shows a weak lower price rejection from the 200-day, which hints at the cup and handle pattern formation. Moreover, the downfall retests the $10 mark and increases the chances of post-retest reversal. The rally fails to sustain above the merged 50 and 100-day EMAs and shows a trend reversal. Moreover, the merged EMAs show a slight divergence that may shortly result in a bearish crossover. The Stochastic RSI indicator shows the K and D lines starting the bear cycle with the recent crossover in the overbought zone. However, the lines show sustenance above 70%, indicating a possible reversal. The MACD Indicator shows the fast and slow lines maintaining a bullish alignment, but the saturated fast line hints at a reversal. Therefore, the indicator projects a weak bullish trend in action. In short, the NEAR technical analysis forecasts the possibility of a cup and handle pattern. Upcoming Trend The NEAR coin price struggles to sustain the uptrend as the bulls retreat from $11.65. However, the support from the 200-day EMA with the technical indicators projecting weak underlying bullishness indicates a reversal possibility.  Hence, the cup and handle pattern with the neckline at $11.65 will generate a buying signal if the prices surpass the neckline.  Support Levels: $10 and $8 Resistance Levels: $11.65 and $15  

The post NEAR Technical Analysis: $12 Rejection Teases A Bullish Pattern  appeared first on Cryptoknowmics-Crypto News and Media Platform.

ONE Technical Analysis: Bulls Surpass The Resistance Trendline

ONE Technical Analysis

ONE coin price sustains above $0.12 after showing rejection from $0.10. Moreover, the reversal breaks above the steep resistance trendline.  The ONE coin price sustains above the $0.12 mark with the 16% lower price rejection from $0.10. The rejection leads to a bullish rally of 20% in the past 36 hours as it breaks above the long-coming resistance trendline. Will the upcoming rally surpass the $0.16 mark? Key technical points: ONE price action breaks above resistance trendline The RSI slope surpasses the 14-day average The 24-hour trading volume in the ONE token is $223 Million, indicating a 10% rise.  Past Performance of ONE ONE coin price creates a morning star pattern near the $0.12 mark, with a long tail formation ranging from $0.10. Following the morning star, the altcoin price breaks above the steep resistance trendline generated by the previous lower high formations. The ongoing rally may shortly reach the $0.18 mark. Source-Tradingview ONE Technical Analysis  The ONE coin price shows a bullish continuation after the resistance trendline breakout with the surge in buying pressure. However, a retracement to retest the trendline breakout is possible. The altcoin price shows a death cross in the daily chart as the 50-day EMA falls below the 200-day EMA. Moreover, the falling 100-day EMA increases the chances of another bearish crossover. Therefore, the EMAs can provide dynamic barriers to bullish attempts. The Stochastic RSI indicator the K and D lines gaining momentum as the sharp show a sharp growth after the bullish crossover. The lines may shortly enter the overbought territory indicating a bull cycle in action. The RSI Indicator slope shows a sudden surge as the buying pressure increases. The slope surpasses the 14-day averages and approaches the central mark. Therefore, the indicator indicates the possibility of a $0.18 breakout.  In short, the ONE technical analysis shows a bullish bias, and hints of the rally reached the $0.20 mark. Upcoming Trend The ONE coin price shows bullish continuation after the engulfing candle that broke above the resistance trendline. Hence, the trendline breakout brings an excellent buying spot at current prices with the increasing possibility of $0.20 breakout.  Support Levels: $0.12 and $0.10 Resistance Levels: $0.20 and $0.25

The post ONE Technical Analysis: Bulls Surpass The Resistance Trendline appeared first on Cryptoknowmics-Crypto News and Media Platform.

MANA Technical Analysis: Buyers Struggle To Recreate Bullish Cycle

MANA Technical Analysis: Falling Channel Continues to Insert Bearish Influence

MANA coin price shows a bullish reversal from $2.45 and creates a symmetrical triangle pattern as the rally approaches the long-coming resistance trendline.  The MANA coin price shows lower price rejection from the $2.5 mark, resulting in a support trendline and a symmetrical triangle pattern. However, the bull cycle struggles to outshine the sellers at $2.85, which questions the possibility of a bullish rally approaching the resistance trendline? Key technical points: MANA price action creates a morning star pattern The Stochastic RSI shows a bullish crossover in the daily chart The 24-hour trading volume in the MANA token is $1.02 Billion, indicating a 30% fall.  Past Performance of MANA With the recent rejection from the long-coming resistance trendline, the MANA coin price retraces 25% to the $2.5 mark. However, the bulls resurface to hold the $2.5 level and bring a short reversal. This generates a weak support trendline that completes a symmetrical triangle pattern in the daily chart.  Source-Tradingview MANA Technical Analysis  The MANA coin price shows a bullish reversal within a triangle pattern but struggles to overcome the $2.85 barrier. Hence, a selling opportunity with the breakout of support trendline is possible.  The MANA price shows a higher price rejection from the 50-day EMA and falls below the 100-day EMA. Hence, a retracement to the 200-day EMA is possible, which will break below the support trendline. After the bullish crossover in the oversold territory, the Stochastic RSI indicator shows sharp linear growth in the K and D lines. However, the lines must overcome the previous failed bullish cycle peak to generate a bullish signal. The RSI Indicator slope shows a gradual rise that struggles to surpass the halfway mark after the sharp fall from the overbought zone. Moreover, the RSI slope fails to reach the 14-day average.  In short, the MANA technical analysis shows a weak bullish reversal that may shortly break below the support trendline.  Upcoming Trend The MANA coin price struggles to surpass the $2.85 mark and fails to withstand the selling pressure resulting in the long wick formation. Hence, the bears are resurfacing after the 5.83% overnight growth. That is why sellers can shortly find a trendline breakout entry with the target of $2.40. Support Levels: $2.50 and $2.40 Resistance Levels: $2.85 and $3

The post MANA Technical Analysis: Buyers Struggle To Recreate Bullish Cycle appeared first on Cryptoknowmics-Crypto News and Media Platform.

Decentraland Price Analysis: MANA Price Risks A 18% Downside Risk; Price May Retest $1.83

The Decentraland (MANA) price fails its second attempt to rise above the $3.5 mark within a fortnight. The repeated rejection brings a 25% downfall in the last week showcasing an increased selling pressure. Will this downfall dive below the $2.5 mark? Key technical points: On the daily-Stochastic RSI indicator, the K and D are heading

The post Decentraland Price Analysis: MANA Price Risks A 18% Downside Risk; Price May Retest $1.83 appeared first on CoinGape.

The perfect entry point for XRP and why you should wait no more

XRP faces significant resistance- can bulls push above?Recently, the SEC’s Gary Gensler was asked for his opinion on whether XRP is an ‘unregistered security’. While he refused to comment in-depth, he did remark that the SEC was ‘trying to do is help continue with that basic bargain’. The basic bargain being anti-fraud protection as well as full and fair disclosure to the […]

LUNA Technical Analysis: Bears Soon To Outgrow Symmetrical Triangle

LUNA Technical Analysis: Price Likely to Fall Below $6.1, $5.73, and $5.156

The 10% free-fall to the $50 support zone within the triangle showcases the rise in the underlying bearishness. Will the LUNA coin price breach $50? The LUNA coin price action forms a symmetrical triangle pattern with the recent reversal to surpass the resistance trendline, resulting in a lower high formation. However, the bullish candle forming near the $50 horizontal zone teases a bullish reversal within the triangle pattern. Will the Terra coin price give a bearish fallout? Key technical points: The coin price shows a free fall to the $50 mark. The stochastic RSI indicator shows a bearish crossover of the K and D lines. The 24-hour trading volume in the Terra token is $1.28 Billion, indicating a 30% rise.  Past Performance of LUNA As Bitcoin falls below the $41K mark, most altcoins get the bearish influence resulting in an overnight downfall. The LUNA coin price fell 10.30% last night, resulting in a sudden reversal to the $50 support zone.  Currently, the market price of the Terra token is $51.13, with a rise of 1.68% in the freshly forming daily candle in the support zone.  Source-Tradingview LUNA Technical Analysis  The LUNA coin price forms a symmetrical triangle pattern with the market price near the support trendline. Therefore, traders can expect a bullish reversal to the resistance trendline to continue resonating within the pattern. The crucial 200-day EMA provides support to the falling price and helps maintain the uptrend in action. However, the 50 and 100-day EMA maintains a negative slope and hints of a bearish crossover.  The RSI Indicator slope succumbs below the 50% mark, and the 14-day SMA as the bears take over the trend. However, the long-coming sideways movement project the weakness in the underlying bulls.  The Stochastic RSI indicator projects a bearish crossover of the K and D lines in the overbought zone. Moreover, the falling slope of the lines indicates the start of a bear cycle in the LUNA/USD chart.  In short, the technical indicators indicate the high possibility of a bearish breakdown of the symmetrical triangle.   Upcoming Trend The LUNA coin price shows the bears overtaking the trend control and a possible bearish continuation below the $45 mark. However, traders need to wait for the price action confirmation to avoid any bear trap. Support Levels: $45 and $35 Resistance Levels: $60 and $67

The post LUNA Technical Analysis: Bears Soon To Outgrow Symmetrical Triangle appeared first on Cryptoknowmics-Crypto News and Media Platform.

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