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Since November 2022, TRX has been trading within a parallel upward channel. The upper boundary of this channel is serving as a robust resistance, while the lower boundary is acting as a strong support line. In our prior TRX analysis, we noted the likelihood of TRX reaching its lower support line before determining its direction. In the recent cryptocurrency market...

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Yesterday, due to Grayscale winning a case against the Securities and Exchange Commission (SEC), the crypto market witnessed a surge in coin prices. Fundamentally, this was significant news that spurred the bulls into action, causing the price of Bitcoin to reach $28,000. During this time, an interesting pattern was exhibited by Bitcoin Cash. It broke through its...

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On a weekly timeframe, we can observe a downtrend in Matic within a parallel channel, following the pattern of Lower Highs and Lower Lows, which constitutes a bearish structure. Moreover, if we connect the lows of June 2022 and June 2023, we can identify a robust support line. However, this line has now been breached, leading to a decline in Matic's price. The RSI...

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We all know how the metaverse narrative and coins focused on the metaverse dominated the previous bull run in crypto and gained hundreds of times more than their trading value in 2020. Let's take the examples of a few metaverse coins like SAND, MANA, and AXS. In December 2020, SAND was trading at 0.032 and reached a high of $8.5 during the bull run. These gains...

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**Weekly Perspective:** In the weekly time frame, ATOM is trading within a downward parallel channel. The upper line of the channel represents a strong resistance, while the lower line serves as a robust support line. Atom is forming a Lower High and Lower Low structural pattern, indicative of a bearish trend. One notable observation this week is the breach of...

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BNB Weekly Review: During the past week, BNB exhibited trading patterns across different timeframes, revealing significant price movements and resistance points. In the weekly timeframe, BNB displayed a symmetric triangle pattern, with a robust upper resistance line and a strong lower support line. However, a pivotal shift occurred in the first week of June 2023...

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Note: All links of the article are provided at the end of the page LTC exhibited a distinctive trading pattern within a parallel channel, characterized by the formation of successive Higher Highs and Higher Lows. This structural arrangement, indicative of a bullish trend, was elaborated upon in the preceding analysis, accessible by clicking here. In that same...

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The NASDAQ index, a stalwart of the stock market, has suffered a significant breach beneath its critical horizontal support level of $15,249. This pivotal event, which unfolded on August 15, 2023, has unleashed a wave of adverse sentiments throughout the financial markets. Delving into the matter, an illuminating article, accessible by following this link,...

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Bitcoin's price experienced a sharp and substantial downturn, attributed to the prevailing undercurrent of negative sentiments that were previously elucidated in the preceding analysis, accessible here. In our discussion today, we shall delve into the intricate contours of the market landscape, seeking to glean insights into the prospective trajectories and the...

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Support and Resistance Levels Support and resistance levels are key price levels where a significant number of buy or sell orders tend to accumulate, respectively. Support: This is a price level where buying interest is strong enough to prevent further decline. It acts as a floor, and prices tend to bounce upwards from this level. Resistance: This is a price...

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In the labyrinthine landscape of ADA's price movements, a discernible pattern weaves a tale of its trajectory. Imagine two lines, one above and one below, forming a parallel corridor that ADA's price seems to navigate. This corridor, akin to a financial passageway, is defined by its unyielding upper resistance line and its equally steadfast lower support line....

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Now, let's peer closer at ADA's recent footsteps on this path. A crucial juncture emerges as ADA slips below the significant $0.2987 mark. Picture this as a moment of transition where ADA's journey takes a decisive turn. What follows is a retracement, a backtracking, as ADA's price revisits this pivotal mark but from a new vantage point – that of a resistance...

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Now, envision a tapestry woven from a different thread. This thread represents ADA's trajectory through the Fibonacci lens, a tool that finds harmony in mathematical proportions. Picture ADA resting just below the mid-point, as if taking a breath before the next movement. The broader market seems to whisper a symphony of caution, and this note is carried by ADA's...

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As the symmetrical triangle, once a symbol of equilibrium, fragments, ADA's journey takes on new dimensions. Think of this as a turning point, like a fork in the road where ADA chooses the path leading downwards. And as ADA embarks on this descent, the echoes of history resonate. Remember the sharp price drops of the past? They cast shadows on ADA's future,...

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Zooming into the shorter 4-hour timeframe, the breaking down of the descending triangle pattern garners attention. This pattern breach was accompanied by a retest, signaling the market's acknowledgement of this technical development. The projected target of this descending triangle pattern lies at $0.54. In the present scenario, $0.54 occupies a central position...

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In a significant legal turn of events last month, a federal judge issued a ruling that shed light on the intricate legal standing of Ripple's XRP. The judge's declaration stipulated that although Ripple's direct sales of XRP to institutional investors ran afoul of securities regulations, the automated sales of the cryptocurrency to retail investors through...

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considering the Fibonacci (FIB) levels of XRP's price movement starting from its lowest point recorded in 2022 unveils an intriguing perspective. At present, the price stands poised at the 0.5 FIB level, signifying a pivotal juncture. The subsequent 0.618 FIB level, aligning closely with the psychological resistance zone at $0.553, adds an additional layer of...

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A deeper examination unveils SHIB's current position at the 0.5 Fibonacci level of its preceding descent. Notably, the 0.618 Fibonacci level lies at $0.00001169, aligning with the aforementioned future target. Moreover, the 0.786 Fibonacci level materializes at $0.0000135, a pivotal juncture where the downward trend line and Fibonacci ratio converge. With a keen...