Technical Analysis

Technical analysis is a widely used methodology in the world of cryptocurrencies, encompassing the evaluation of various factors to predict price movements and make informed investment decisions. It involves analyzing historical price data, trading volume, and market trends to identify patterns and trends that may repeat in the future. By utilizing statistical tools and chart patterns, technical analysis aims to provide insights into potential price direction and timing. For individuals involved in the crypto space, technical analysis serves as a valuable tool to understand market sentiment and make informed trading decisions. Companies and protocols within the blockchain networks also employ technical analysis to assess market conditions and optimize their strategies. Moreover, crypto exchanges utilize technical analysis to provide users with comprehensive trading tools and indicators, enabling them to make data-driven decisions.

Bitcoin Selling Intensifies; Support at $30K Could Stabilize Correction

There are initial signs of downside exhaustion, although upside appears limited.

By Damanick DantesFeb 24, 2022

Bitcoin daily chart shows support/resistance with RSI on bottom (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Bounce Fades; Minor Support at $30K-$36K

Sellers could remain active over the short term.

By Damanick DantesFeb 23, 2022

Bitcoin four-hour chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Downtrend Persists; Support at $30K

BTC is 43% off its all-time high near $69K, and upside appears limited.

By Damanick DantesFeb 22, 2022

Bitcoin daily price chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Under Pressure, Lower Support at $30K-$35K

Momentum signals remain negative, indicating consistent selling pressure over the past month.

By Damanick DantesFeb 18, 2022

Bitcoin weekly chart shows support/resistance with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Pullback Deepens; Minor Support at $38K-$40K

Sellers remain active at resistance levels, maintaining the short-term downtrend.

By Damanick DantesFeb 17, 2022

Bitcoin four-hour chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Rangebound; Initial Support at $40K

Indicators are neutral as BTC's latest price jump pauses.

By Damanick DantesFeb 16, 2022

Bitcoin four-hour chart shows support/resistance levels (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Rally Stalls; Support at $40K, Resistance at $46K

BTC's price jump occurred on low volume, indicating weak buying strength.

By Damanick DantesFeb 15, 2022

Bitcoin daily chart shows support/resistance with RSI on bottom (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Weighed Down by $46K Resistance; Support at $35K-$40K

Upside appears limited as buyers lose momentum.

By Damanick DantesFeb 14, 2022

Bitcoin daily price chart shows nearby resistance (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Drops Below $43K; Support at $35K-$40K

Technical indicators are neutral, although oversold conditions could keep short-term buyers active.

By Damanick DantesFeb 11, 2022

Bitcoin daily price chart shows nearby resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

SOL, XRP Lead Altcoin Tumble as US Inflation Jumps to 40-Year High

Major altcoins could see further declines if they lose important support levels, traders said.

By Shaurya MalwaFeb 11, 2022

(Shutterstock)

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