Cryptocurrency Analysis and News Portal
Ethereum Classic had experienced a sharp fall in prices on the 17th January, however, at press time ETC was seen recovering. Over the last 24 hours, ETC had gained close to 7% and was seen trading at $28. In the past week, ETC logged gains of about 17% and had
Read More
Bitcoin (BTC) bounced off what is for some a key level on Jan. 9, closely mimicking events from September 2021. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Shorters will get rekt" at $40,700Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing course at around $40,700 to subsequently pass $42,000.The behavior, while uninspiring
Read More
The CryptoX Ether Classic Price Index (ECX) is the world’s leading reference for the price of ether classic (ETC), used by the largest institutions that are active in the crypto market. Asset allocators, asset managers, market participants and exchanges all rely on the ECX to provide a real-time, USD-equivalent spot
Read More
Bitcoin (BTC) has the potential to rise toward $75,000 by the end of this year as it breaks out of a classic bullish pattern and picks additional upside cues from its richest investors' recent accumulation spree.Bitcoin Bull Pennant breakout in playBTC rallied over by 6% in the past 24 hours
Read More
Polkadot’s native DOT token looks poised to rally toward $100 in the coming sessions as it triggers a classic bullish reversal setup.Dubbed “inverse head and shoulders” (IH&S), the technical structure appears when an instrument forms three troughs in a row, with the middle one — called the head — being the lowest and
Read More
Buying an asset in a downtrend can be a risky maneuver because most investors struggle to spot reversals and as the trend deepens traders take on deep losses. In instances like these, being able to spot descending channel patterns can help traders avoid buying in a bearish trend.A “descending channel,”
Read More
Traders use various technical analysis tools to identify emerging trends and profitably trade that direction. One popular trend-defining pattern that traders often rely on is called the price channel. An ‘ascending channel’ or a “bullish price channel” is formed by drawing parallel lines between the perceived support and resistance levels that
Read More
A bull trend is formed when demand exceeds supply and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of a trading range.Sometimes, this leads to the formation of a rectangle pattern, which can also
Read More
Every trader aims to buy low and sell high, but only a few are able to muster the courage to go against the herd and purchase when the downtrend reverses direction. When prices are falling, the sentiment is negative and fear is at extreme levels, but it's at times like these
Read More
Cardano is close to attaining the title of a fully-fledged smart contracts platform following a critical upgrade in mid-July. The project's founder Charles Hoskinson confirmed that they recently processed the sales of more than $10 million worth of non-fungible tokens atop their public ledger. Moreover, an NFT and DeFi Marketplace called
Read More