Bitcoin MACD Drops To Bearish Level Not Seen Since 2022 — Crypto Winter Incom...
The price of Bitcoin has struggled to muster a sustained upward climb over the last few weeks, with the latest one failing around the $74,000 mark in the past week. However, the premier cryptocurrency seems to have deeper problems than failed price recovery attempts. According to a crypto market expert, the Bitcoin price is at […]
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The wave of the crypto winter in the first half of 2022 was quite devastating. The price drop in almost all the cryptocurrencies brought down the value of the market by more than 50%. The losses were considerably massive that many investors and even miners resorted to selling off holdings to wane off the effect. […]
Cardano, the 8th largest cryptocurrency in terms of market capitalization, traded for $0.38 at one point today to drop to the lowest it’s been for the past 21 months. ADA just recorded its 2022 all-time low of $0.36 Cardano may be on another bearish run all the way to the forecasted $0.25 mark IOG leans on strong fundamentals to have a bullish rally. The downward slide continues for ADA, as its price declined further. As of this writing, data from Coingecko shows the asset is trading at $0.36. It is now down by 6.9% for the past 24 hours and has lost 14.8% of its value for the last week.....
A cryptocurrency analyst has pointed out how a technical analysis (TA) signal that led into major price declines in the past has returned for Bitcoin. Monthly MACD Has Turned Bearish For Bitcoin In a new post on X, analyst Ali Martinez has talked about a signal that has formed in the Moving Average Convergence/Divergence (MACD) for Bitcoin. MACD is a TA indicator that’s generally used for timing buys and sells in an asset’s price chart. Related Reading: USDC Floods Exchanges: Are Traders Buying The Bitcoin Crash? The indicator consists of two lines: MACD line and signal line.....
LUNA’s price still risks correcting, however, with a weakening RSI and decreasing trading volume. A technical setup that preceded an 80% price rally in the Terra (LUNA) market in August 2021 has appeared again.LUNA paints bullish MACD crossoverThe technical setup involves a so-called “signal line crossover” between LUNA’s weekly MACD line — equal to the difference between the token’s 12-week and 26-week moving averages (MA) — and the nine-week MA called the signal line, plotted above the zero line, as shown in the chart below.LUNA/USD weekly MACD illustration. Source: TradingViewTogether,....
The 2022 bearish trend is still pushing many crypto prices below expected marks. The market also spiked a few times amid the raging crypto winter in the last few months. But the pullbacks have persisted and continue to overthrow the short-lived rallies. Apart from companies closing up shops, downsizing staff, and declaring bankruptcy, investors have lost millions this 2022. Moreover, the continuing downward trend in crypto prices has caused billions of losses to the general crypto market capitalization. Related Reading: XRP Signals Considerable Uptick – Will Social Media Lift Its Price....