Can XRP price reach $1 after 25% gains in one week? Watch this key support level
XRP price has continued to bounce back after falling by more than 70% in a correction between April 2021 and January 2022. Why the XRP/USD 50-week EMA is key On Feb. 13, XRP/USD reached as high as $0.916, above its 50-week exponential moving average (50-week EMA; the red wave) around $0.833. The upside move, albeit […]
This key trading pattern hints at the continuation of Fantom’s (FTM) 125% rebound
Fantom (FTM) looks poised to hit a new record high in the coming sessions after its 125% price rebound from $1.23 on Dec. 14, 2021, to $2.84 on Jan. 3, 2022 triggered a classic bullish reversal setup. Dubbed inverse head and shoulders (IH&S), the setup appears when an asset forms three troughs below a so-called […]
Bitcoin 'death cross' that pushed BTC price to $28.8K reappears
A technical sell signal is about to appear on the Bitcoin (BTC) daily chart. On Dec. 18, the BTC price will experience a death cross, a market indicator that occurs when a short-term moving average slips below a long-term moving average. In this case, Bitcoin’s 20-day exponential moving average (20-day EMA) will close below its […]
Shiba Inu risks drop with SHIB's 574% October's price rally near exhaustion
Shiba Inu (SHIB) may see a pullback by almost 25%–35% on fears that the cryptocurrency’s excessive price rally in October has left it overvalued, a key indicator shows. Dubbed the Relative Strength Index (RSI), the indicator measures the magnitude of an instrument’s recent price changes to evaluate its oversold and overbought conditions. The result can […]
Ethereum fractal from 2017 that resulted in 7,000% gains for ETH appears again in 2021
Bids for Ethereum’s native token Ether (ETH) could rise to $13,000 in the next two months if history repeats. So shows a fractal indicator from 2017, consisting of at least four technical patterns that were instrumental in pushing the ETH price up by over 7,000%. The same set of bullish indicators have flashed once again […]
Bitcoin's key momentum metric just flashed bearish with BTC price pinned under $50K
The run-up in the Bitcoin (BTC) price toward $50,000 last week risks exhaustion due to a mismatch between the cryptocurrency’s price and momentum trends. So it appears the Bitcoin’s price and relative strength index (RSI) have been moving in the opposite direction since late July. In doing so, even a strong push higher in the […]
Avalanche (AVAX) in 'overbought' zone after 100% gains in a week — Correction ahead?
The Avalanche blockchain platform’s native asset, AVAX, fell on Aug. 19 as traders decided to secure their profits from its 100% upside move. The AVAX/USD exchange rate plunged more than 16% after hitting a three-month high of $36.64, putting the brakes on a seven-day upside boom that saw its price rise by 111%. It appears that […]