Ethereum Prints 5 Red Monthly Candles: What Happened The Last Time?
Over the last few months, the Ethereum price has performed incredibly poorly, dashing the hopes of investors who believed in its potential. While the Bitcoin price has made multiple new highs with expectations that the ETH price could follow, the opposite has been the case. In the last five months, Ethereum has gone from $4,000 […]
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Bitcoin's last six monthly candles have closed green, tying its previous record streak for bullish monthly candles. Bitcoin has just closed six consecutive monthly green candles for the first time since April 2013. Should history repeat, Bitcoin may enjoy further parabolic gains this year. In April 2013, Bitcoin closed at roughly $140 after posting six green monthly candles. While the markets would retrace to less than $100 over the next two months, Bitcoin would then surge 700% over the following six months and tag prices above $1,000 for the first time.BTC/USD since 2012, 1m candles:....
The monthly Bitcoin price candle closed above $13,000 for the first time since 2017 when BTC hit an all-time high of nearly $20,000. The monthly candle of Bitcoin (BTC) for October has closed above $13,000 for the first time since December 2017. It comes after both daily and weekly candles all closed above the crucial resistance level.Traders often use the monthly log chart to evaluate the long-term and macro trend of an asset. On a monthly chart, each candle represents a whole month of trading activity. As such, a Bitcoin monthly log chart typically covers many years of trading....
Ethereum is expected to move much higher in the months ahead as the leading cryptocurrency prints a bullish technical signal. Ethereum Bounces Cleanly Off $390 Horizontal Region in Bullish Move As the chart shared below shows, ETH recently bounced off the $380-390 horizontal region, which marks a win for bulls. The chart shows that over the past few months and even stretching into 2018, the high-$300s were an important level for Ethereum to hold. The […]
A cryptocurrency analyst has pointed out how Stellar has just seen a TD Sequential buy signal. Here’s what happened the last time the pattern surfaced. Stellar Shot Up The Last Time A TD Buy Signal Appeared At Current Prices In a new post on X, analyst Ali Martinez has talked about a Tom Demark (TD) Sequential signal that has appeared in the 1-week price of Stellar. The TD Sequential is a technical analysis (TA) indicator that’s used for pinpointing locations of probable reversal in an asset’s price. Related Reading: Bitcoin Lacks Fresh Momentum As Realized Cap Growth....
As the crypto market rides the bullish wave spurred on by Donald Trump’s win in the United States Presidential elections, the Dogecoin price has emerged as a top performer, gaining over 25% earlier this week. With momentum building toward a potential all-time high, a crypto analyst highlights that Dogecoin’s downside risk has significantly decreased. This positive shift is attributed to the recent bullish trend across the 1-month, 2-month, 3-month, and 6-month candles, which are now turning bullish. Dogecoin Price Outlook Brightens With Long-Term Candles In a recent technical analysis, a....