Just like in the case of the other major coins, the price of Ethereum has also managed to position itself above the 20 days Moving Average on the 8th of February, being stimulated by the increased trading volumes after 1 month of losses. It's important to notice that the indicators which have announced the 45% increase which was registered since then are the...
Like with the rest of the coins, the increase of the total market capitalization and the higher trading volumes than usual, have brought the price of EOS above the 20 days Moving Average on the 8th of February and a bullish trend (on a 1D chart) has begun. This growth of 0.70$ (or 29%) was registered in only 5 days and it was announced on the 8th of February by...
If you check out the Bollinger bands on the weekly BTC chart, you would see how over extended they become when BTC hits its all-time highs. Using a basic analysis on the Bollinger Bands bottom (lows) at each all time high, gives a very good projection/indication of the lowest price range of BTC in each following bear market. Projecting the above theory to the...
After 24 days of bullish trend, not only that the price of NEO has crossed back the 20 days Moving Average but this trend change has been also confirmed by the red candlestick which was created on the 11th of January. Since then, the price had 2 attempts of crossing the same level again but because of the low trading volumes both attempts were failed. On top of...
Out of the major coins, the one which had the most aggressive price drop was Bitcoin Cash by far. Based on a market capitalization which has decreased significantly, the fundamentals also played an important role and these ones were not good at all. In more than one month, the price of Bitcoin Cash has dropped from 627$ (value which was reached on the 6th of...
After a period in which the trend was considered bearish, because the price was between the lower standard deviation of the Bollinger Bands and the 20 days Moving Average, this one has crossed the latter and based on higher trading volumes it created a "break out" from the trend channel and also went through the first Resistance Level of 3463$. From the technical...
After 29 days of a bearish trend and a drop of 36%, the price is finally going through a better period and is about to register the 3rd consecutive day of growth. Another important detail is given by the crossover of the 20 days Moving Average meaning that, according to the Bollinger Bands, we are assisting to a trend change which can also be confirmed if the...
Based on the market capitalization which has started to recover from the ground which was lost, the Ethereum also followed the rest of the coins and it's price has increased with 64.21% since the 14th of December (from 82.99$ to 136.28$). The bullish trend has "officially" started on the 18th of December, as soon as the price has crossed the 20 days Moving...
Same situation with Cardano. Once the market capitalization has started to recover from the lost ground, it's price has started to increase since the 16th of December from 0.0268$ to 0.0430$ and has registered an growth of 60.44% until now. But the beginning of the bullish trend was registered on the 17th of December, once the price has crossed the 20 days...
Like the rest of the coins, EOS managed to recover some of the losses in the last 10 days, with it's price being stimulated by the total market capitalization which seem to go through slight recovery process, at least for the moment. The Bearish trend of EOS has started on the 13th of November and in more than one month, the price has dropped from 5.46$ to 1.56$,...
On the 14th of November, the Ethereum's price has started to decrease aggressively based on the massive sell-offs and it has also crossed the 20 days Moving Average, which from the technical perspective represented the beginning of a bearish trend. It's important to notice that this trend change has been clearly signaled by 2 technical indicators : * The "fast"...
Although in the last month the price of Litecoin has increased with almost 39% and it managed to recover from the losses registered in November, it seems that the odds have been favorable only temporary. After 25 days in which the price has been traded above the 20 days Moving Average, the latter has been crossed meaning that a Bearish trend is about to...
Although most of the cryptocurrencies have experienced oscillating developments over the last few weeks, caused mainly by the decline of the market capitalization, TRON seems to be one of the ones which had trading volumes above the average and it also managed to recover the losses registered in November. Therefore, the bullish trend which has started on the 17th...
After 11 days of sideways movements, the price of Bitcoin has started the year with the right foot and it had a progress of 4.97% so far. The bullish trend has started on the 18th of December(on a 1D chart) and since then we could see 4 attempts of the price to cross back the 20 days Moving Average but all 4 were failed. At this stage, the RSI is 51 so it can be...
As we already know from the previous months, the aggressive movements of the prices are followed by some long intervals in which the movements are sideways but not necessarily big enough to be considered short term investing opportunities. Overall, we can see how the bearish trend has started on the 10th of November once the price has crossed the 20 days Moving...
Iota is also one of the crypto currencies which has the price in the "middle" and like the rest, it's price has dropped starting with the 13th of November being influenced by the massive decrease of the market capitalization and since then it has started a sideways movement. At this stage, it is traded below the Pivot Level (average price) for 1 week and as long...
As with other crypt coins, although we have seen a slight "correction" over the last few days, it seems that the bearish trend of Stellar which has started on the 19th of November is "here to stay". This is due to the price which is still between the 20 days Moving Average and the lower standard deviation of Bollinger Bands and seems to have a considerable...
Like most of the Coins, Ripple also went through a "dark" period starting with the 19th of November which was followed by sideways movements in the last 10 days. In this short interval, we could see the price having a daily moving average of 8.79% (or 0.0312$) and the levels where it had difficulties in advancing were 0.3986 (Resistance Level) and 0.3458 (Support...