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 Struggles at Resistance; Support Near $48K

Initial support around $48K could stabilize the pullback.

By Damanick DantesAug 24, 2021

Bitcoin hourly chart

Bitcoin Approaches Resistance Near $50K-$55K

Upside momentum is strengthening on daily and weekly charts, which suggests buyers are in control.

By Damanick DantesAug 23, 2021

Bitcoin daily chart

Bitcoin Holds Support at $45K; Faces Resistance at $50K

Buyers will likely remain active on pullbacks into the weekend.

By Damanick DantesAug 20, 2021

Bitcoin daily chart

Bitcoin Declines; Approaching Lower Support at $42K

Bitcoin will need to remain above $40,000-$42,000 in order to resume the uptrend towards $50,000-$55,000.

By Damanick DantesAug 19, 2021

Bitcoin four-hour chart

Bitcoin Holds Support Near $43K as Rally Pauses

The cryptocurrency is down 3% in the last 24 hours.

By Damanick DantesAug 18, 2021

Bitcoin four-hour chart

Bitcoin Rangebound Near $50K Resistance; Support at $40K

BTC is trading around the 200-day moving average and will need to break out of a short-term range to resume the uptrend.

By Damanick DantesAug 17, 2021

Bitcoin daily chart

Bitcoin Holds Support; Approaching $50K Resistance

Bitcoin's uptrend is improving despite brief pullbacks.

By Damanick DantesAug 16, 2021

Bitcoin four-hour chart

Ether Upside Strengthens Relative to Bitcoin

The ETH/BTC ratio is holding support above 0.05 and could face initial resistance near 0.08.

By Damanick DantesAug 13, 2021

Weekly chart of ether-bitcoin (ETHBTC) price ratio.

Ether Holds Long-Term Support Ahead of All-Time High

The uptrend for ether is strengthening after the cryptocurrency avoided a breakdown below a crucial support threshold.

By Damanick DantesAug 12, 2021

Ether weekly price chart shows the cryptocurrency trading above its 40-week moving average.

Bitcoin Avoids Bear Market, Long-Term Uptrend Intact

Resistance near $50,000 to $55,000 could stall the recovery given short-term overbought signals.

By Damanick DantesAug 11, 2021

Bitcoin weekly price chart

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