“Ichimoku Cloud” Hints Bitcoin is Finally Recovering From a Crucial Area
The Ichimoku Cloud is a momentum indicator often used in technical analysis to gauge an asset’s trend. It is currently indicating that Bitcoin (BTC) is healthily recovering from an important support area. The cloud in the Ichimoku indicator is best described as a support line. If an asset goes too far high up the cloud, […]
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Ethereum classic price moved below the 0.00100BTC support area, and currently recovering. Can ETC/BTC gain further in the short term? Key Highlights. Ethereum classic price finally made a new low and broke the most awaited target of 0.00100BTC. This is a new bearish trend line formed on the hourly chart (data feed via Simplefx) of ETC/BTC, which is currently acting as a resistance. The price is also below the 100 hourly simple moving average, which is acting as a hurdle for the buyers. Ethereum Classic Price Resistance. ETC price finally moved down and created a new monthly low versus the....
Ethereum is still under significant bearish pressure, with the possibility that the downward trend might continue in the coming days or weeks as the market struggles to recover. After dropping sharply over the last few days, ETH may have finally reached that crucial moment that could trigger a significant upward surge. A Strong Rally To […]
As the crypto market kicks off October with a remarkable recovery, Ethereum (ETH) is attempting to turn the $4,500 level into support after nearly two weeks. Some analysts forecast that a breakout from this crucial area could set the stage for a massive 50% rally in Q4. Related Reading: Solana (SOL) ‘Uptober’ Begins With $220 Retest – Is It Ready For Second ‘Expansion Wave’? Ethereum Retests Next Major Resistance Ethereum has bounced 17% from last week’s lows and is retesting the next crucial level to reclaim. The cryptocurrency started this week by recovering from the recent market....
Bitcoin price is showing a lot of positive signs. If the current break in BTC/USD is not false, then more upsides are possible in the short term. Bitcoin price finally managed to pop higher, and the biggest positive was the fact that BTC/USD moved above a major resistance area of $420. Once the price broke the stated level, there was a spike towards $427, which clearly shows how important was the resistance zone. The price is currently correcting and moving down, but the bears have to be careful if they are planning to sell BTC versus the USD. There is a crucial bullish trend line formed....
The price of Bitcoin is on the verge of having its highest monthly close ever but bulls must still break through $14K for a shot at a new all-time high. Bitcoin (BTC) price is undoubtedly having an impressive year after crashing to $3,700 in March but then rallying to $14,000 in the following months. Now BTC has reached the highest point since January 2018 as the price touched $14,100. Thus, the likelihood of the new bull cycle is heavily increasing as the price of Bitcoin continues to make new higher highs and higher lows. What's more, the strength is even seen while the U.S. Dollar....