Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Ethereum witnessed a bullish invalidation after reversing from its immediate resistance The altcoin registered improvements in its funding rates over the last day Ethereum [ETH] lost a third of its value in its reversal on […]
The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.The altcoin registered improvements in its funding rates over the last day
But given the current market conditions, the bulls failed to breach the 20 EMA near its immediate trendline resistance . Since then, buyers have been resting at the $1,240 support over the past day. But an immediate break above the 20 EMA barrier followed and the immediate trendline resistance could invalidate the near-term bearish inclinations. In this situation, the potential targets would lie near the $1,382 zone.
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Ethereum’s pullback at this level offers an entry position for long tradesETH is on a pullback after a sharp recovery from the current market crash. Investors should watch the 0.236 Fib support level. Bitcoin (BTC) recovered from the 16.69K mark to 17K, injecting a lifeline into the industry. The king coin’s gains also boosted altcoins. Ethereum (ETH), the altcoin king, is positively correlated to BTC. As […]
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Ethereum Classic’s recent updates look promising, but will they be enoughAntpool converted $5 million worth of USDT to ETC Metrics gave hopes to investors, but the market indicators suggested otherwise Ethereum Classic [ETC], which came into the spotlight a few months ago thanks to the Ethereum Merge, made headlines once again because of several developments in its ecosystem. The ETC Cooperative announced the launch of […]
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Binance Coin retests $315 as resistance, is it the right time to go shortDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Daily structure strongly bearish following rejection at $360 $280 and $260 are levels to watch out for, but it could be risky for the bulls Binance Coin crashed as far south as $260 on 9 […]
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Quant [QNT]: Gauging the after-effects of this pattern’s break to time entriesDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Quant’s sway below its EMA ribbons exhibited a heightened selling edge, can the sellers continue to propel losses? The altcoin noted a substantial spike in its network growth but its social dominance declined Quant [QNT] marked […]
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