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 Limited to $50K-$55K Resistance as Momentum Slows

Short-term buying could be limited given negative momentum on the weekly chart.

By Damanick DantesDec 17, 2021

Bitcoin weekly price chart (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Oversold Near $46K Support; Resistance at $55K

The cryptocurrency could see a brief price bounce, although sellers remain in control.

By Damanick DantesDec 16, 2021

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

Bitcoin Rises Toward $50K; Resistance Seen Around $52K

Momentum is also stabilizing after several weeks of low trading volume.

By Damanick DantesDec 15, 2021

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

Bitcoin Holds Short-Term Support at $46K; Resistance at $50K

The tight price range could persist into the Asia trading day.

By Damanick DantesDec 14, 2021

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

Ether Breaks Short-Term Bullish Trendline; Support Below $3.3K

The broader outlook remains constructive, one analyst said.

By Omkar GodboleDec 14, 2021

Ether's daily price chart on Dec. 14 showing a dive out from the bullish trendline (TradingView)

Bitcoin Drifts Lower, Risks Testing $40K Support

A breakdown could damage the intermediate-term trend despite oversold signals.

By Damanick DantesDec 13, 2021

Bitcoin daily price chart shows support/resistance with oversold RSI in second panel. (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Drops Below $50K, Support Between $43K-$45K

Buying activity remains weak, which reduces the chance of a significant price increase into January.

By Damanick DantesDec 9, 2021

Bitcoin's four-hour price chart shows support/resistance levels with RSI in second panel (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Rangebound Above $46K Support, Resistance at $55K

Selling pressure could slow into the Asia trading day as indicators appear oversold.

By Damanick DantesDec 8, 2021

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

Bitcoin Technical Indicator Suggests Low Probability of ‘Santa Rally’

A widely tracked technical indicator has flipped bearish, denting hopes of an end-of-year rally.

By Omkar GodboleDec 7, 2021

Bitcoin's weekly and daily charts (Source: TradingView)

Bitcoin Stabilizes Near $50K Support After Weekend Sell-Off

BTC is poised for a short-term bounce, although upside appears to be limited.

By Damanick DantesDec 6, 2021

(Damanick Dantes/CoinDesk, TradingView)

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