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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 Stalls at Resistance, Minor Support Nearby
Bitcoin buyers should remain active above $30K support.
Bitcoin Rebounds to Above $30K, Resistance Seen at $34K
Bitcoin buyers respond to oversold conditions.
Bitcoin Drops Below $30K for First Time in 4 Weeks
Wall Street is seeing "too much froth" and current virus jitters are triggering widespread panic selling of every top performing asset, including bitcoin, said one analyst.
Bitcoin Trending Lower With Possible Break of $30K Support
If $30,000 is broken, the next level of support is seen around $27,000.
XRP Eyes 'Death Cross,' Has Support at $0.51
Previous "death crosses" have marked major or interim price bottoms.
Bitcoin Under Pressure, Faces Support at $30K
Contracting Bollinger bands suggest a big move is overdue.
Ether Erases Early Losses, Faces Resistance Above $2K
"We would add exposure if ether can confirm a breakout above its 50-day MA," one chart analyst said.
Bitcoin's Range Play Likely to End With Bullish Breakout: Analyst
"Intermediate-term momentum has been improving based on the MACD histogram," one analyst said.
