Mudrex

Mudrex

If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! We must’ve heard multiple stories about people investing in XYZ stocks ten years back and forgetting about them, which eventually turned into millions of bucks currently. Although this seems to be a...

Mudrex

If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: BTC has been in a range-bound consolidation over the past few days. We are witnessing a rise in trading volumes, and the price action suggests that there could be a bullish breakout soon....

Mudrex

If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: Prior to the FOMC meeting, we saw a massive volatility in the cryptocurrency market. We saw a sudden jump in price in anticipation of the first rate hike after a considerable amount of...

Mudrex

If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: The market has been highly volatile over the past couple of weeks owing to the ongoing socio-political tussle. Both the weekly candles have large upside wicks signaling weakness in the...

Mudrex

If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: Over the last 10 days, we saw a lot of activity across financial markets. Cryptos, being the riskier asset class, witnessed a massive volatility. BTC had dropped below $35,000 and the...

Mudrex

If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: Over the past few days, we saw the largest cryptocurrency by market capitalisation struggling quite a bit under the bearish dominance. We saw BTC dropping from over the $44,000 mark to...

Mudrex

If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Don't you think 2021 was a big year for cryptocurrency? Many cryptos have gained, while others have lost their battle. On the other hand, significant crypto players such as Bitcoin, BNB, and Dogecoin...

Mudrex

If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: After the recent recovery following the previous selloff, the crypto blue chips, Bitcoin and Ethereum, are looking strong. ETH looks solid with healthy trading volumes. Top cryptos have...

Mudrex

If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: It has been an absolute bloodbath across the cryptocurrency spectrum over the past few days. We saw BTC and ETH dropping to approx. $33,000 and $2100 respectively. Retail traders and...

Mudrex

If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: BTC is moving in a range-bound territory over the past ten days. BTC dominance is below the 40% mark. This is a good time to hold on to your horses before jumping into taking positions....

Mudrex

Imagine having a tool that helps one predict whether an asset is undervalued or overvalued. The price to earnings ratio is an incredibly powerful tool that is used for valuing the worth of a stock. If the P/E of a company’s stock is 50, it means that investors are willing to pay $50 for every $1 earnings of the company. However, with crypto, there cannot be a...

Mudrex

Market in the last 1 week DOGEUSD moving in an overall downward momentum along with the lower Bollinger band. This could also be backed by the low daily trading volume suggesting that traders are not confident in the asset at the moment. Trading volume has been on the lower side of the spectrum for about some time which might have led to the current bearish...

Mudrex

Market in the last 24 hours The price saw a major downtrend in the last 24 hours with the price moving from the middle to the lower Bollinger band. Trading volume has been relatively high in the last 24 hours. Next 24 hours Trend analysis The recent green tick seems to indicate that the price has accepted the bottom Bollinger band as a support line suggesting a...

Mudrex

Market in the last 24hrs The price can be seen moving sideways as it seems to have accepted the bottom Bollinger band as a support line. Trading volume has been high in the last 24 hours. Today’s Trend analysis The price is expected to continue to oscillate between the middle and the lower Bollinger band till we see some drastic changes in the volume or some...

Mudrex

Market in the last 1 week The price saw a major downward trend as it moved from the upper to the lower Bollinger band. The rice reached another support trend line. Trading volume has been very high in the last 1 week. The volume can be seen increasing with an increase in price suggesting that the bearish momentum is strong and most likely will continue until we...

Mudrex

If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: BTC is moving in a range-bound territory over the past few days. BTC dominance is just above the 42% mark. Although the overall momentum in the crypto market is bullish currently, BTC...

Mudrex

Market in the last 24hrs The price can be seen moving sideways between the middle and the upper Bollinger band. Trading volume has been high in the last 24 hours. Today’s Trend analysis The price is expected to continue the sideways momentum until we see a sudden change in volume or any other fundamental factors. Price volatility was low at approximately 0.34%,...

Mudrex

Market in the last 24hrs The price can be seen moving between the middle and the bottom Bollinger band. Trading volume has been high in the last 24 hours and has been moving sideways suggesting a consolidated momentum. Today’s Trend analysis The price is expected to continue to oscillate between the middle and the bottom Bollinger band. Price volatility was high...