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 Tumbles to 3-Week Low Under $60K; Next Support at $53K

Market retreat comes as bitcoin’s daily price chart signals slowing upside momentum. The ether price fell below $4,000.

By Damanick DantesNov 18, 2021

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

Bitcoin Holding Support at $60K; Could Face Resistance at $63K-$65K

The long-term uptrend remains intact despite slowing price momentum.

By Damanick DantesNov 17, 2021

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

Bitcoin Stabilizes Near $60K Support; Faces Resistance at $63K-65K

Short-term indicators suggest limited downside into Asian trading hours.

By Damanick DantesNov 16, 2021

Bitcoin four-hour price chart reveals an "oversold" reading based on the RSI indicator (lower chart). (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Pullback Could Stabilize Around $60K Support

Upside momentum is slowing, although pullbacks remain limited.

By Damanick DantesNov 15, 2021

Bitcoin's four-hour price chart. Lower chart shows a neutral reading on the RSI indicator. (Damanick Dantes/CoinDesk, TradingView)

Bitcoin’s Bull Flag Breakout Suggests More Upside; Support at $57K

The cryptocurrency could break the six-figure mark in Q4, one firm said.

By Omkar GodboleNov 15, 2021

Bitcoin's bull flag breakout (MintingM, TradingView)

Bitcoin Decline Could Stabilize at $60K Support

Short-term upside appears to be limited given the loss of upside momentum.

By Damanick DantesNov 12, 2021

Gráfico de precios de bitcoin a cuatro horas (Damanick Dantes/CoinDesk, TradingView)

La caída de bitcoin podría estabilizarse en el soporte de $60.000

La suba del precio a corto plazo parece estar limitada por la pérdida de impulso alcista.

By Damanick DantesNov 12, 2021

Gráfico de precios de bitcoin a cuatro horas (Damanick Dantes/CoinDesk, TradingView)

Ether’s Key Metrics Paint Bearish Picture: Santiment

The crypto’s active addresses and trading volumes have diverged from its rising price

By Omkar GodboleNov 12, 2021

Chart showing bearish divergence between Ether's active addresses and prices till Nov 12 (Santiment)

Bitcoin Could Find Support at $56K-$60K

Upside momentum is starting to slow, especially given recent overbought signals on the charts.

By Damanick DantesNov 11, 2021

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

Bitcoin Pulls Back From All-Time High, Support Between $63K-$65K

Intraday charts are showing initial signs of upside exhaustion.

By Damanick DantesNov 10, 2021

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

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