Altcoin Watch
XRP price is down 3% on May 6, but a rebound above $2.27 could invalidate the bearish thesis and put it back on track toward the important $3 level.
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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
XRP ledger activity has dropped sharply in the past two months, increasing the downside prospects for XRP price to drop below the key $2 level and lower.
12397 - Market Analysis
The current ETH price setup versus Bitcoin closely mirrors 2019, with an oversold RSI and prolonged weakness below key moving averages after a multiyear decline.
17178 - Altcoin Watch
Strong spot market demand, supported by persistent accumulation from whales and a bullish technical pattern, favors an XRP price boom over $3.75.
9912 - Market Analysis
The indicator is making a strong case for a Bitcoin price rally toward $100,000 and higher, helped further by growing bullish signals from the futures market.
3034 - Altcoin Watch
XRP’s price rally faces growing downside risks as multiple market signals are painting a similar picture to the market tops in 2018 and 2021.
5087 - Market Analysis
Bitcoin’s profitable supply nears 90% as strong buyer demand signals a potential rally toward $115,000.
2673 - Market Analysis
Multiple technical, onchain and derivatives market indicators suggest a potential Bitcoin price rally toward $100,000 in the coming days.
11800 - Market Analysis
Bitcoin’s breakdown against gold mirrors previous bear markets and heightens the risk of a decline toward $50,950 in US dollar terms.
4004 - Altcoin Watch
XRP price chart analysts are noting Wyckoff reaccumulation and falling wedge patterns that are painting a bullish target above $3.50.
14153 - Market Analysis
Analysts warn that Bitcoin is not in the clear yet, raising the chance of further price downside to the $60,000 level.
3185 - Altcoin Watch
Multiple XRP price fractals hint at a top and suggest a 60% downside in the coming months.
20395 - Altcoin Watch
DOGE price is down 4% on March 31, and a breakdown of a classic bearish pattern points to a deeper correction in the short term.
1692 - Market Analysis
The Trump-associated WLFI project has tripled its ETH holdings in the past months, which could finally help Ethereum rally in April.
7476 - Altcoin Watch
Diminishing user activity and stiff upward resistance are driving Cardano’s prices lower today with bears focused on pulling ADA price down toward $0.51.
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