Category: Price Analysis

Chainlink recovery hampered under $14.5 but these key support levels hold the fort

Chainlink holds above the critical support provided by the 50% Fibo in conjunction with the 100 SMA. LINK/USD could resume the uptrend as long as the price reclaims the position above $14 and holds the 50% Fibo support. Chainlink’s upside recently hit a wall amid the recovery from the Thanksgiving Day crash to $11. Several […]

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Bitcoin in a precarious situation: To dive to $18,000 before the final approach to $20,000

Bitcoin is on the cusp of a breakdown to $18,000 before resuming the uptrend to $20,000. On-chain metrics reveal a single bump, slightly above $19,000 that must come down to pave the way for gains to higher levels. Bitcoin appears to have a clear path to the coveted $20,000. However, attempts to break out to […]

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Chainlink Price Analysis: LINK Down 12% in 7 Days as Bears Poke Their Head

Chainlink Price Analysis: LINK Down 12% in 7 Days as Bears Poke Their Head

LINK/USD – LINK Remains Within Ascending Triangle Boundaries Key Support Levels: $13, $12.50, $12. Key Resistance Levels: $0.15, $15.66, $16.73. Over the past fortnight, LINK surged higher from the $12 support to push into the resistance at the upper boundary of a 2-month-old rising price channel. The resistance there was further bolstered by a bearish […]

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Cardano Price Analysis: ADA Withdraws From 2020 Highs With 7% Weekly Decline, What’s Next?

Cardano Price Analysis: ADA Withdraws From 2020 Highs With 7% Weekly Decline, What’s Next?

ADA/USD – Cardano Drops Slightly From 2020 Highs. Key Support Levels: $0.155, $0.146, $0.14. Key Resistance Levels: $0.161, $0.17, $0.181. ADA posted a fresh 2020 high during November when it surged to the $0.181 level. From there, it dropped lower to find the support around $0.135 (.5 Fib). It rebounded toward the end of November […]

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Bitcoin Cash clasped between key resistance and support after a massive 13% drop

Bitcoin Cash lost the ground above $300 again following rejection at $320. BCH/USD is stuck between the 50 SMA resistance near $300 and the 100 SMA support at $280. Bitcoin Cash recently recovered from the Thanksgiving Day crypto crash. The losses on Thursday last week failed to embrace support at all the three moving averages; […]

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Ethereum on the cusp of a massive breakout to $625 if this key hurdle is broken

Ethereum lifted to new yearly highs at $636 but corrected under $600 to seek formidable support. Ethereum’s short-term analysis is bullish, where a daily close above $600 could see it resume the uptrend to $700. The smart contract giant is currently playing defense mechanism after correcting from the recent new yearly high at $636. The […]

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Ripple’s remarkable 291% rally in November in jeopardy as the chart prints this critical bearish pattern

Ripple’s recovery hits a barrier at $0.7, giving way to an ongoing retreat. XRP/USD seems poised for a massive breakdown likely to retest support at the 100 SMA. Ripple soared massively in November, becoming one of the strongest cryptocurrencies in terms of rebound. The flash rise to $0.92 brought to light the possibility of XRP […]

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Bitcoin masterplan breakout eyes $22,500 as crypto bull market nears the ultimate flipping point

Bitcoin exchanged hands at its all-time high for the first since 2017’s bull market Bitcoin is banking on establishing higher support, preferably above $19,000 to help in the mission to $22,500. Bitcoin traded at its all-time for the first time since December 2017, although an untimely correction seems to be coming into play. The main […]

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Bitcoin prepares for the ultimate liftoff to $20,000 after rebounding from $16,200

Bitcoin is relentless with the fight for new all-time highs, especially now that bulls are in control. The immediate support at the 50 SMA is key to the uptrend, therefore, it must be guarded at all costs. Bitcoin bid farewell to the downtrend that came into the picture last week during the weekend. The flagship […]

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Ethereum soars 25% from the recent dip, eyes on $625 as bulls swing back into action

Ethereum rebounds from last week’s support at $480 to almost testing the resistance at $600. A break above $600 is expected to elevate Ethereum above $625, and perhaps send it on a pathway to $700. Ethereum has recovered significantly since last week’s dive to the support at $480. The weekend session was kind to other […]

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