Top Chart Patterns for Analyzing Cryptocurrency Trends

2023-10-31 14:00

In the volatile world of cryptocurrency trading, recognizing chart patterns can provide valuable insights into potential future price movements – and plays a crucial role in helping traders make informed decisions.

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Bitcoin Bullish Momentum Reignites: RSI Signals Potential Surge To $65,000

After experiencing a brief correction from its new yearly high of $35,300, Bitcoin (BTC), the leading cryptocurrency in the market, is showing signs of renewed bullish momentum.   As the digital asset approaches the $35,000 mark again, a key indicator is following patterns observed in 2020, suggesting a potential surge that could propel Bitcoin to reclaim its previous peak of $65,000.

2023-10-26 05:00


Ethereum Health: Analyst’s Red Flags And Failed Bullish Patterns

Ethereum (ETH) investors are bracing for a turbulent ride ahead as a well-regarded crypto analyst casts a shadow of doubt over the smart contract platform’s future.   In a recent report, Nicholas Merten predicts that Ethereum has less than a year to break free from an ascending triangle pattern, a technical indicator that holds significant implications for the cryptocurrency’s trajectory.

2023-9-14 18:00


XRP Price Set To Skyrocket, Expert Predict $3.82 Target Amidst Bullish Sentiment

The XRP community has been relatively quiet lately, and according to crypto analyst Dark Defender, this could be a positive sign that XRP is ready for a breakout. Dark Defender, a cryptocurrency analyst and researcher, has analyzed patterns in XRP’s price movements and predicts that a break above the resistance line could happen anytime between now and August 2023.

2023-5-17 04:00


Trading Is Still Sideways as the Price of Bitcoin Oscillates at $19,000 While Ethereum Dares to Push Over $1,600

With minimal movement in the price of Bitcoin, cryptocurrency markets maintain their sideways trading patterns, while Ethereum continues to hold around the high $1,500 range. The fact that the market valuation of all cryptocurrencies is still less than $1 trillion indicates that the bears are still in charge.

2022-9-6 01:12


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Bearish or Bullish? Bitcoin Traders Argue Over Death Cross Outcome

On Saturday, cryptocurrency analysts and traders have been discussing bitcoin’s recent chart patterns and the infamous death cross pattern has been a topical conversation. A number of traders believe when bitcoin’s short-term moving average (MA) dips below the long-term MA, the crypto asset could be bracing for a major sell-off. Meanwhile, others are sure the […]

2021-6-21 18:00


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Three Reasons Why The U.S Could Be Getting A Bitcoin ETF This Year

The Bitcoin trend has been gaining massive mainstream attention with some prominent personages coming out as proponents, advocating for more pronounced public adoption of the cryptocurrency. While a lot of people have added BTC to their portfolios, some investors, however attractive the bullish patterns of the asset have been, are skeptical about trading the currency […]

2021-4-13 00:19


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Bitcoin Price Could Drop Down To $7000; Diamond Top Breakdown Confirms Right Shoulder

Bitcoin price continues to free-fall after a failed bullish rally. New signals and a breakdown of two confirmed patterns point to bearish downside targets in the low $7,000 range. Bitcoin Forms Elusive Diamond Top, Signaling a Deep Drop  On Friday, October 18, Bitcoin price set a higher low at roughly $7,800, signaling that bearish sell pressure may be waning.

2019-10-24 20:34


Ethereum Price Analysis ETH / USD: Ravine Fall

Ethereum’s technicals remain bearish over both the short-term and the medium-term The four-hour time is showing a bearish head and shoulder patterns with a $20.00 downside projection The daily time frame shows multiple bearish head and shoulders patterns Ethereum is back under heavy downside pressure after the second-largest cryptocurrency by market capitalization suffered a heavy […] The post Ethereum Price Analysis ETH / USD: Ravine Fall appeared first on Crypto Briefing.

2019-10-23 16:36


Litecoin LTC / USD Price Analysis: Calling Retreat

The four-hour and daily time frame shows that multiple head and shoulders patterns are close to reaching their bearish targets Technical analysis highlights the $55.00 level as a possible turning point for the LTC/USD pair Litecoin has fallen to its lowest trading level since April 2nd this year, as the fifth largest cryptocurrency by market […] The post Litecoin LTC / USD Price Analysis: Calling Retreat appeared first on Crypto Briefing.

2019-8-29 16:23


SegWit-enabled transactions hit new highs as Bitcoin remains below $12,000

Bitcoin’s rollercoaster movement has been the highlight of the cryptocurrency market, with several altcoins following the patterns set by the world’s largest digital asset. After Bitcoin fell back into a cycle of slow sideways movement, large-cap altcoins like Ethereum and XRP showed similar behavior on the charts, with minuscule changes in their price and market […] The post SegWit-enabled transactions hit new highs as Bitcoin remains below $12,000 appeared first on AMBCrypto.

2019-7-12 11:30