Market Analysis
Ether's bullish Augusts in the past have preceded major rallies into year-end, raising hopes of ETH price reaching $7,000 by January.
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Tech Analysis News
Technical analysis, often abbreviated as TA, is a method used in the cryptocurrency market to evaluate and predict price movements based on historical market data. Cryptocurrency traders utilize a range of technical analysis tools and techniques to make well-informed decisions. It mostly focuses on analyzing price charts and finding patterns and trends by using statistical measures. Moving averages, support and resistance levels, the relative strength index and Bollinger Bands are frequently used tools in technical analysis.
Technical analysts believe that historical price movements tend to repeat themselves, and certain patterns can indicate future market direction. For instance, a head-and-shoulders pattern might suggest an upcoming trend reversal. Traders also use chart patterns like flags, triangles and double tops to anticipate market movements. Moreover, indicators like the moving average convergence divergence help gauge the strength of a trend.
However, it’s essential to note that technical analysis is not foolproof and should be used in conjunction with other methods.
- Altcoin Watch
DOGE whales are selling amid declining open interest and network activity, suggesting that Dogecoin’s price may continue to fall to as low as $0.12.
2078 - Market Analysis
Ether price forecasts range from $7,500 by year-end and up to $20,000 in the most bullish scenarios.
4189 - Market Analysis
Bitcoin’s pullback is flushing out weaker hands, while resilient holders remain focused on the $150,000 technical analysis target in play.
11236 - How to
Before investing in any cryptocurrency, it’s crucial to do your homework. That’s where you can use ChatGPT to help break down coins, analyze risks and make smarter decisions.
13481 - Altcoin Watch
XRP price failed to decisively break above the $3 psychological resistance in the past week, but most analysts are confident about a breakout soon.
9156 - Market Analysis
ETH broke above its November 2021 record high, and analysts say a dovish Federal Reserve and institutional adoption will send Ether well above $5,000.
8038 - How to
ChatGPT and Grok are becoming the go-to tools for crypto traders, offering faster context, sentiment and strategic clarity, all through conversation.
12129 - Altcoin Watch
XRP data highlights investor profit-taking and reveals reasons why the altcoin’s price could continue to fall.
20731 - Market Analysis
Bitcoin rebounded from a swift drop to $112,380, but liquidation heatmap data suggests the worst of the selling has yet to pass.
4127 - Market Analysis
Some large traders are raising the stakes and putting money on ETH price avoiding a trip below $4,000 and rebounding toward $4,300 soon.
11357 - Altcoin Watch
Cardano bulls make a strong case for an ADA price rally toward $2 or even higher, once the resistance at $1 is decisively broken.
5918 - Altcoin Watch
Low demand-side volume and weakening price technicals could spell trouble for the XRP price, as bulls must reclaim $3 support or face a deeper correction.
10341 - Market Analysis
Multiple technical indicators and recent whale activity raise Bitcoin's odds of declining below $100,00 in coming weeks.
13762 - Altcoin Watch
XRP price could drop by over 20% in the coming weeks due to multiple onchain indicators hinting at a local top formation.
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