SuperTrend Flips Bullish On XRP Daily Chart — But Key $1.55 Resistance Awaits
The XRP market has recorded a major positive development, as the SuperTrend flashed its first buy signal on the daily chart in over three months. This event indicates the altcoin’s short-term prospects are looking positive amid the broader market volatility driven by an unstable geopolitical scene. Related Reading: Analyst Predicts X Money Will Send XRP To $10 – But What Will Send It To $1,700? XRP Bulls Set Course For Encounter With $1.55 Barrier In an X post on April 18, renowned analyst Ali Martinez shares a bullish outlook for the XRP market, highlighting the resistance level and....
Related News
A cryptocurrency analyst has pointed out how Cardano has formed a technical analysis (TA) signal on its weekly chart that last led into a major price drawdown. Cardano SuperTrend Has Flipped Bearish In a new post on X, analyst Ali Martinez has talked about a signal that has appeared in the SuperTrend of Cardano. The “SuperTrend” refers to a TA indicator that’s generally used for determining whether a given asset is following a bearish or bullish trend. It’s built using the Average True Range (ATR), another TA indicator that measures the degree of volatility being....
An important long-term technical signal is still flashing bullish as Bitcoin approaches an important point on the higher timeframe charts. According to CMT-certified analyst Tony Severino, the monthly SuperTrend indicator for BTCUSD has held support and is yet to display an active sell signal, even with recent market dynamics leading to contention as to whether the cycle has flipped bearish. His chart highlighted an interesting development on the one-month timeframe, where the structure has not yet transitioned into a confirmed sell. Monthly SuperTrend Still In Buy Mode In his post on X,....
Bitcoin price is above $60,000 and bears are in disbelief. But they shouldn’t be, as bulls have long been in control of the trend. It had only been lower timeframes that had flipped bearish, while the most dominant trend had remained up. According to the Supertrend, all of the most important timeframes have since flipped bullish, with buy signals appearing across the board. Here is a closer look at what the tool says, the only remaining timeframe without a buy signal, and more information on what the Supertrend technical indicator does. What The Supertrend Says About The Bitcoin Bull....
Chainlink (LINK) is currently consolidating around the $15 level, as bulls attempt to reclaim higher ground after a volatile yet promising few weeks. Despite facing stiff resistance near this zone, LINK continues to show strength amid a broader market rebound, holding steady while many other altcoins experience mixed performance. Related Reading: Ethereum Shows 4H Bearish Divergence – Can Bulls Hold $1,750? The asset is now up over 50% from its April lows, suggesting that bullish momentum is building beneath the surface. Market participants are closely watching for signs of a breakout,....
Ethereum’s latest price structure is beginning to look like a pattern that has previously led to steep declines, and one analyst believes the signal is already in play. A technical breakdown shared by Leshka.eth on X points to a SuperTrend reversal on the daily timeframe, which is a setup that has always led to heavy […]