Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. AVAX recovered slightly above a key short-term downtrend line. The sentiment was positive, but AVAX faced a price rejection at press time. Avalanche’s [AVAX] recovery could be limited despite improved investors’ confidence. The asset […]
Bulls launched an impressive recovery attempt, but their efforts seemed unsustainable, as suggested by technical indicators.Bulls inflicted a bullish breaker after finding steady support at $19.50. The momentum saw AVAX break the resistance at $19.81 and a convincing cross above the downtrend line, which flipped the short-term market structure to bullish.
However, if BTC lost the $23k zone, AVAX bears could devalue the asset below $20.40 and 26-period EMA in the next few hours. The extended plunge would invalidate the bias described above. But the drop could settle at $19.81 or the downtrend line.
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Avalanche’s NFT sector registers growth, but can it help AVAX go up?AVAX’s metrics looked bearish detailing why AVAX was on a downtrend. However, growth was noted in AVAX’s NFT ecosystem as sales increased. Avalanche’s [AVAX] performance on the price front was concerning for the investors, as it declined by more than 5% in the last 24 hours. According to CoinMarketCap’s data, AVAX’s price registered a decline […]
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![Examining Litecoin’s [LTC] chances of reaching $130 after bullish breakout](https://i.headtopics.com/images/2023/2/8/cryptoamb/examining-litecoin-s-ltc-chances-of-reaching-130-a-examining-litecoin-s-ltc-chances-of-reaching-130-a-1623329553383931906.webp?w=640)
Examining Litecoin’s [LTC] chances of reaching $130 after bullish breakoutDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The market structure of Litecoin was bullish. The reaction at $95 and the attempts to push above $100 meant bulls have the upper hand. Bitcoin [BTC] saw a small move upward from $22.8k to […]
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![Ethereum [ETH] bulls, watch for a reaction at these levels to buy](https://i.headtopics.com/images/2023/2/7/cryptoamb/ethereum-eth-bulls-watch-for-a-reaction-at-these-l-ethereum-eth-bulls-watch-for-a-reaction-at-these-l-1622800571244875776.webp?w=640)
Ethereum [ETH] bulls, watch for a reaction at these levels to buyDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The 4-hour market structure is bearish. Buyers can await a deeper pullback, while sellers watch the $1680 mark. Ethereum has shown substantial volatility over the past week as the price fluctuated from $1555 to […]
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Solana posts losses over the past week, but here’s why buyers are interestedDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The higher timeframe market structure remained bullish. Demand is likely to be seen on a dip to $22.7. Solana traded within a range formation. Longer-term investors have reasons to be cautious- the asset rests […]
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XRP retests support zone: Bulls can look to book profits hereDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. XRP consolidated beneath the highs of a range over the past three weeks. This consolidation can see a breakout provided Bitcoin defends $22.3k. Ripple [XRP] saw some volatility in the price charts in the […]
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Should Dogecoin buyers wait for a breakout past this psychological level before bidding?Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The market structure of Dogecoin was bullish. The lower timeframe analysis showed $0.085-$0.09 to be a support zone. Bitcoin [BTC] continued to trade beneath the $23k mark. While it hasn’t retested the $22.3k support […]
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