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$) and the levels where it had difficulties in advancing were 0.3986 (Resistance Level) and 0.3458 (Support...
Following the aggressive movements when the whole market has dropped, the price of Ethereum has started it's sideways movements since the 23rd of November. The Pivot Level (or the average price) for this interval is 116.88 and at this stage the coin is traded nearly below it. Considering the RSI's level of 29 (oversold), the Stockastic's crossover below the...
After the big drop of the market capitalization and negative fundamentals, the price of Bitcoin Cash also had an aggressive movement and became one of the coins which are leading the drop. Looking at the chart, we can easily compare the current decrease of the price with the ones we could see the US Stocks having in the middle of the previous financial...
After the market capitalization has been decreased a lot, the prices of the major coins have dropped aggressively with Bitcoin breaking the previous "bottom" and reaching the Support Level of 4295$. Well, the price decrease of almost 29% since the beginning of the month has made a lot of people to be confused about the future of the crypto currencies. We can...
Based on a trading volume which is constantly decreasing, the price of Ethereum has dropped with 11.17% so far, just like all of the major crypto currencies. For now, there are 3 indicators which have registered "oversold" positions and are indicating a possible "correction" of the price : * The RSI is 23; * The lower standard deviation of the Bollinger Bands...
Excepting the 15th of October when the price of Bitcoin has registered a "spike", reaching the level of 7803$ and having also a quick retrace, we could see a long period of 67 days when this one has oscillated between the minimum of 6119$ and the maximum of 6896$, with many traders who rushed with their optimist scenarios. And here we are, finding ourselves in...
Like most of the cryptocurrencies, Ripple was also affected by the drop in the market capitalization we could see today, losing 9.83% of it's value so far. Based on this higher volatility, we could see the price crossing the 20 days Moving Average and ending the 10 days interval in which the trend was bullish. At this stage, the RSI is heading slowly towards...
Based on the market capitalization which has dropped below $200 Billion for the first time in November, we can see again the market having an aggressive movement with Litecoin being one of the coins which are leading the drop. What can we see now from the technical perspective is the price which has reached the lower standard deviation of the Bollinger Bands...
Based on higher trading volumes, the price of Ripple has registered the 3rd consecutive day of growth, leading the “recovery process” of the major cryptocurrencies with an increase of 14.87%. Today we can see that the price has left behind the period in which has moved sideways and it also broke the Resistance Level of 0.5250$. At this stage, The RSI and the...
After the Bullish trend which started on the 2nd of November, it seems that we have a crossroads again, as long as we are about to register the 3rd consecutive day of decreasing and the price is now "testing" the 20 days Moving Average which has the same value as the Support Level 1 of 0.2435$ For the ones who will consider a higher level of risk, the basic...
The bullish trend has started on the 4th of November, once the price has crossed the 20 days MA and it was stabilized between the latest and the upper standard deviation of the Bollinger Bands. This trend was also confirmed once the price has failed to cross back the same 20 days MA, which in this case acted as a support level. From the technical perspective, we...
After it was dropping since the 8th of November, the price has managed to break the 20 days Moving Average for the first time in 4 days and it seems to start a slight sideways movement for the short term. From the technical perspective the RSI has a neutral position, the Stochastic is indicating that the price may decrease while, according to the MACD, we can...