Tag Archives: MACD

$21.73 Support Under Siege – What’s Next?

August 4, 2024 RecentlyHeard Leave a comment

My identify is Godspower Owie, and I used to be born and introduced up in Edo State, Nigeria. I grew up with my three siblings who’ve all the time been my idols and mentors, serving to me to develop and perceive the lifestyle.

My mother and father are actually the spine of my story. They’ve all the time supported me in good and dangerous instances and by no means for as soon as left my aspect every time I really feel misplaced on this world. Truthfully, having such wonderful mother and father makes you are feeling protected and safe, and I gained’t commerce them for anything on this world.

I used to be uncovered to the cryptocurrency world 3 years in the past and bought so inquisitive about figuring out a lot about it. It began when a pal of mine invested in a crypto asset, which he yielded huge features from his investments.

After I confronted him about cryptocurrency he defined his journey up to now within the discipline. It was spectacular attending to find out about his consistency and dedication within the area regardless of the dangers concerned, and these are the key explanation why I bought so inquisitive about cryptocurrency.

Belief me, I’ve had my share of expertise with the ups and downs out there however I by no means for as soon as misplaced the fervour to develop within the discipline. It is because I consider development results in excellence and that’s my aim within the discipline. And at this time, I’m an worker of Bitcoinnist and NewsBTC information retailers.

My Bosses and colleagues are the most effective sorts of individuals I’ve ever labored with, in and outdoors the crypto panorama. I intend to offer my all working alongside my wonderful colleagues for the expansion of those firms.

Typically I wish to image myself as an explorer, it’s because I like visiting new locations, I like studying new issues (helpful issues to be exact), I like assembly new individuals – individuals who make an influence in my life regardless of how little it’s.

One of many issues I like and luxuriate in doing probably the most is soccer. It should stay my favourite out of doors exercise, most likely as a result of I am so good at it. I’m additionally excellent at singing, dancing, appearing, style and others.

I cherish my time, work, household, and family members. I imply, these are most likely crucial issues in anybody’s life. I do not chase illusions, I chase desires.

I do know there’s nonetheless rather a lot about myself that I want to determine as I try to develop into profitable in life. I’m sure I’ll get there as a result of I do know I’m not a quitter, and I’ll give my all until the very finish to see myself on the high.

I aspire to be a boss sometime, having individuals work below me simply as I’ve labored below nice individuals. That is considered one of my largest desires professionally, and one I don’t take evenly. Everybody is aware of the highway forward shouldn’t be as simple because it seems to be, however with God Almighty, my household, and shared ardour buddies, there isn’t any stopping me.

Bitcoin

BNB Drops Below $500, Extended Bearish Trend On The Horizon?

July 6, 2024 RecentlyHeard Leave a comment

BNB has not too long ago fallen under the crucial $500 assist mark, signaling the continuation of a bearish development. This decline displays elevated promoting strain and rising bearish sentiment throughout the cryptocurrency market.

As BNB slips below this vital threshold, analysts and merchants are intently looking ahead to additional downward motion, probably focusing on decrease assist ranges. The breach of the $500 mark is a key indicator of ongoing market weak point, suggesting that BNB could face continued challenges within the close to time period.

With the assistance of technical indicators to offer complete insights into potential future actions, key assist ranges to observe, and methods for buyers and merchants to navigate the continuing downturn, this text explores the bearish sentiment surrounding BNB’s worth.

On the time of writing, BNB’s worth was down by over 10%, buying and selling at about $471, with a market valuation of greater than $69 billion and a buying and selling quantity of greater than $2 billion. Within the final 24 hours, the market capitalization of BNB has dropped by 10.88%, whereas buying and selling quantity has elevated by 37.43%.

Technical Indicators Spotlight Sustained Bearish Market Circumstances

The value of BNB on the 4-hour chart is actively bearish buying and selling under the 100-day Easy Shifting Common (SMA). As of the time of writing, the worth has made an enormous drop under the $500 assist mark which has triggered extra bearishness for the crypto asset.

Supply: BNBUSDT on Tradingview.com

With the formation of the 4-hour Shifting Common Convergence Divergence (MACD), the worth of BNB is ready to face additional decline because the MACD histograms are trending under the zero line with robust momentum. Additionally, the MACD line and sign line have sharply dropped and are trending under the zero line with a very good unfold.

On the 1-day chart, it may be noticed that BNB is buying and selling under the 100-day SMA and is making an attempt to drop the third bearish candlestick in a row with robust momentum. This improvement means that the worth continues to be actively bearish and will proceed to say no.

Lastly, the 1-day MACD alerts a possible additional decline within the worth of BNB because the MACD histograms are trending under the zero line with robust momentum. Each the MACD line and the MACD sign line are additionally noticed to be trending under zero after a cross under it.

What To Watch Subsequent For BNB

Present evaluation reveals that the worth of BNB might be heading towards the $357 assist degree. If BNB’s worth reaches the $357 assist degree and breaks under, it could proceed to drop to check the $202 assist degree and probably transfer on to problem different decrease ranges if it breaches the $202 degree.

Nevertheless, ought to the crypto asset encounter a rejection on the $357 assist degree, it should start to maneuver upward towards the $500 degree as soon as once more. If it strikes above this degree, it could proceed to climb to check the $635 resistance degree and probably transfer on to check different greater ranges if it breaches the $635 resistance degree.

BNB buying and selling at $468 on the 1D chart | Supply: BNBUSDT on Tradingview.com

Featured picture from Adobe Inventory, chart from Tradingview.com

Bitcoin

Here Are The Next Key Levels To Watch

May 26, 2024 RecentlyHeard

Over some days, the worth of Ethereum has been in a consolidation zone, shifting between $3,949 and $3,627. This can be a results of the rally that occurred a couple of days in the past which led to the crypto asset’s worth making over 10% motion on the upside.

When costs are consolidating, it may well solely be thought-about that it’s constructing momentum to both break above the consolidation zone or under it. At this level, we can not inform the following motion the worth will take.

On this article, we’ll see the potential final result if there’s a get away from the consolidation. As of the time of writing, the worth of ETH was up by 0.66%, buying and selling round $3,752 above the 100-day Easy Transferring Common (SMA) within the final 24 hours.

Ethereum On The 4-Hour Chart

Ethereum’s chart on the 4-hour timeframe, it may well noticed that the worth is buying and selling above the 100-day shifting common, suggesting ETH’s worth is on a bullish development and will break above the consolidation zone.

Additionally, with the assistance of the MACD indicator, though the MACD histograms are trending under the MACD zero line, these are already displaying indicators of weak spot because the histogram colour is changing into faint.

The MACD line and the MACD sign line are additionally seen shifting towards the MACD zero line however so long as they’re nonetheless above the zero line, there may very well be a potential reverser.

With this MACD formation, it may very well be recommended that the worth of Ethereum remains to be bullish and there’s a chance it might break above the consolidation zone

Lastly, utilizing the Relative Energy Index (RSI) additionally to research the worth motion within the 4-hour timeframe, it may be seen that the RSI line is making an attempt to again up after failing to cross under the 50 strains, suggesting that the worth remains to be bullish.

Potential Outcomes If There Is A Breakout In Both Course

Conclusively, if there’s a get away above the consolidation zone, the worth of ETH may proceed to maneuver upward towards the $4,094 resistance degree. Ought to the worth surpass this resistance degree, it would transfer additional upward to create a brand new excessive for the 12 months.

Quite the opposite, if Ethereum breaks under the consolidation zone, the worth may start to maneuver towards the $3,263 help degree. A breakout under this degree may trigger a steady downward motion towards the $2,864.04 help degree.

Featured picture from iStock, chart from Tradingview.com

Bitcoin

AGIX Sustains Momentum Above 100-Day Moving Average

May 19, 2024 RecentlyHeard

AGIX is among the main AI tokens within the crypto house with a complete provide of two billion, and a complete buying and selling quantity of over $105 million, which is over 11% down within the final 24 hours.

For over two days, the value of AGIX has been holding robust above the 100-day Easy Shifting Common (SMA). The token which has been on a downward ally for fairly some days, is displaying some indicators of worth reversal and if this occurs a change of course may happen and the value of AGIX will begin a brand new motion upward.

As of the time of writing, AGIX was buying and selling round $0.98817 above the 100-day easy transferring common, about 1.68% up within the final 24 hours. Presently, there are two most important resistance ranges of $0.99038 and $1.04237 and two most important help ranges of $0.82620 and $0.75779, respectively.

Technical Indicators Recommend Upward Rally For AGIX

4-Hour MACD: A technical have a look at the MACD indicator from the 4-hour timeframe, the MACD histograms are trending above the zero line, and each the MACD line and the Sign line have crossed and are trending above the MACD zero line, indicating a bullish development. This may be seen within the beneath picture.

4-Hour RSI: The formation of the Relative Power Index (RSI) within the above picture additionally means that the value of AGIX is bullish because the RSI sign line is seen trending above the 50% degree. This means that patrons are energetic out there due to this fact overpowering the energy of sellers.

Alligator Indicator on the 4-hour timeframe: A have a look at the alligator indicator from the 4-hour time-frame exhibits that the value is buying and selling above the alligator traces because the alligator lip and tooth have each efficiently crossed above the alligator jaw, suggesting that the value may proceed to maneuver in an upward course.

Help And Resistance Ranges To Break

Conclusively, the value of AGIX is at present buying and selling across the $0.99038 resistance degree and if it manages to interrupt above this degree, AGIX’s worth will proceed to maneuver additional towards the $1.04237 resistance degree and if it breaks above this degree, an upward development may start.

Nevertheless, ought to the value of AGIX fail to interrupt these resistance ranges, it should reverse and begin a downward motion towards its earlier help degree of $0.82620. If it manages to interrupt beneath this help degree, the value may transfer additional to check the $0.75779 help degree.

Featured picture from X, chart from Tradingview.com

Bitcoin

Is The Bitcoin Run Over? Analyst Anticipates Further Upside

May 14, 2024 RecentlyHeard

Within the midst of current market turbulence and widespread hypothesis about the way forward for Bitcoin, cryptocurrency analyst and dealer, Crypto Jelle has supplied an optimistic outlook for BTC, affirming that the crypto asset’s bull run is much from over, indicating its potential to rally even additional within the upcoming months.

The Power Of Bitcoin Is Underestimated

Crypto Jelle’s evaluation delves into Bitcoin’s present consolidation and the importance of the extent. Following the lately concluded fourth Bitcoin Halving occasion, many individuals count on BTC to show immense value motion on the upside. Nonetheless, the coin has not absolutely lived as much as the expectations of a number of neighborhood members and crypto fanatics as a consequence of its current value consolidation.

In accordance with the Crypto Jelle, these persons are really underestimating how sturdy Bitcoin has confirmed to be to this point on this cycle. Jelle identified that the Halving occasion was only some weeks in the past, and BTC has been consolidating across the prior cycle’s all-time highs for a number of months now, suggesting a noteworthy improvement compared to previous tendencies. In consequence, the analyst believes the Bitcoin bull run will not be over but, predicting costs to achieve a 6-digit degree within the foreseeable future.

BTC bull run will not be over but | Supply: Crypto Jelle on X

The put up learn:

Folks underappreciate the power Bitcoin has proven thus far this cycle. The halving occasion occurred mere weeks in the past, and but we’ve been consolidating across the earlier cycle ATHs for months. This run will not be over. Carry on 6-figure BTC.

Addressing the current value corrections, Jelle claims pullbacks within the bull market are important with the intention to rid the markets of enthusiasm and greed. Following weeks of Bitcoin regularly declining, significantly by 23%, market optimism has subsided, and it’s now seen as audacious to be bullish.

Associated Studying

Thus, Crypto Jelle underscores that the potential of this market to surge increased lies throughout the crypto neighborhood members’ confidence available in the market amidst troubling instances like this.

The crypto analyst highlighted that Bitcoin continues to be buying and selling inside a 7-year-old channel. Ought to this post-Halving consolidation mirror previous tendencies, the skilled is assured that the very best continues to be to come back, predicting a escape from the 7-year-long channel may ship BTC to the $100,000 value degree.

BTC Value Motion Trying Good

Crypto Jelle has additionally recognized some indicators that present BTC’s value motion at present is wanting good. Drawing consideration to the 100-day Exponential Shifting Common (EMA), Jelle identified a bullish MACD cross beneath the zero line, marking the primary increased low in an extended time. Attributable to this, Bitcoin’s value seems promising as it’s nearly achieved with its full reset.

Associated Studying

Additionally, wanting on the 21-week EMA, the crypto asset has pulled again into the important thing assist degree at $62,408. Jelle, however, doesn’t think about this improvement as one to be anxious about, urging buyers to stay to their Bitcoin funding.

Presently, Bitcoin is demonstrating a bullish momentum, rising from round $60,790 to about $63,100. On the time of writing, BTC has elevated by over 2% previously day, buying and selling at $62,570. Its market cap has additionally risen by 2.41%, whereas its buying and selling quantity is up by 69% within the final 24 hours.

Featured picture from iStock, chart from Tradingview.com

Bitcoin

Avalanche (AVAX) Price Dips As Market Turbulence Persists

May 12, 2024 RecentlyHeard

AVAX is the native utility token of the Avalanche blockchain. The token is at present ranked twelfth by market cap, with a complete provide of 440,043,419 AVAX and a complete buying and selling quantity of over $396,250,098 within the final 24 hours. Since its latest pullback at $36.15, AVAX has continued to maneuver downward.

At present, the overall cryptocurrency market is bearish. This has led to the value of AVAX dropping beneath the 100-day Easy Shifting Common (SMA) and the value would possibly proceed to drop within the subsequent couple of days. As of the time of writing, the value of AVAX was buying and selling round $33.52 and about 0.22% down within the final 24 hours.

Technical Indicators Level Towards A Sustained Downtrend For AVAX

To determine the place the AVAX worth could be headed subsequent, the next indicators can be utilized to look at the chart.

4-Day MACD: A technical have a look at the MACD indicator from the 4-hour timeframe, the MACD histograms are trending beneath the zero line, and each the MACD line and the Sign line crossed one another whereas trending beneath the MACD zero line, indicating a steady motion on the draw back. This may be seen within the beneath picture.

4-Day RSI: The formation of the Relative Power Index (RSI) within the above picture additionally suggests a downward continuation motion because the RSI sign line is seen to have moved above the 50% stage after which dropped beneath it. This means that sellers are nonetheless very a lot energetic out there due to this fact overpowering the power of patrons.

Alligator Indicator: A have a look at the alligator indicator from the 4-hour timeframe exhibits that AVAX is buying and selling beneath the alligator traces because the alligator lip and enamel have each efficiently crossed above the alligator jaw. It can be seen that the value tried to maneuver above the alligator traces however failed to take action, suggesting that the value would possibly proceed to maneuver in its downward course.

The Coin Might Kind A New Low

Conclusively, from the earlier downward motion, AVAX has shaped two resistance ranges of $39.94 and $36.15 and a assist stage of $30.34. At present, AVAX is transferring towards this assist stage and if it breaks above this stage, the value would possibly drop even additional to create a brand new low.

Quite the opposite, if the value fails to interrupt above this assist, it should reverse and begin an upward motion towards its earlier resistance stage of $36.15. Ought to AVAX handle to interrupt above this resistance stage, the value would possibly transfer additional to check the $39.94 resistance stage.

Featured picture from Shutterstock, chart from Tradingview.com

Bitcoin

Technical Indicators Hint At Sustained Uptrend

May 5, 2024 RecentlyHeard

MATIC is the native utility token of the Polygon blockchain and it’s at present ranked 18th by market cap, with a complete provide of 10 billion MATIC and a complete buying and selling quantity of over $204 million within the final 24 hours. It has been shifting upward since its final rejection at a $0.6342 assist degree.

Following the latest bullish development of the crypto market, MATIC has not been left behind as the worth has been on an uptrend with very robust momentum for some time now. Since its final rejection level, MATIC has seen a worth reversal of over 10%.

Technical Indicators Level Towards Sustained Uptrend For MATIC

To determine the place MATIC’s worth could be headed subsequent, a number of indicators can be utilized to look at the chart;

1-Day MACD: A technical have a look at the MACD indicator from the 4-hour timeframe, the MACD histograms are trending above the zero line, and each the MACD line and the Sign line have crossed and are heading in the direction of the MACD zero line, indicating a bullish development.

1-Day RSI: the formation of the Relative Energy Index (RSI) within the above picture additionally suggests an upward motion because the RSI sign line is seen shifting towards the 50% degree. This means that patrons are progressively turning into lively out there due to this fact overpowering the energy of sellers.

4-hour Alligator: A have a look at the alligator indicator from the 4-hour timeframe reveals that the crypto asset is buying and selling above the alligator traces because the alligator lip and enamel have each efficiently crossed above the alligator jaw, suggesting that the worth may proceed to maneuver in an upward course.

Potential Worth Motion

From the earlier downward motion, the worth of MATIC has managed to create one main resistance degree of $0.7365 and one main assist degree of $0.6324. At present, MATIC is shifting towards this resistance degree and if it breaks above this degree, it’d go even additional to check the following resistance degree of $0.7680.

Nonetheless, if it fails to interrupt above this main resistance, it would reverse and begin a downward motion towards its earlier assist. Additionally, if it manages to interrupt under this assist degree, the worth may transfer additional downward thereby persevering with on its downtrend. As of the time of writing the worth of MATIC was buying and selling round $0.7253 and about -0.94% down within the final 24 hour

Featured picture from Shutterstock, chart from Tradingview.com

Disclaimer: The article is offered for instructional functions solely. It doesn’t signify the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You might be suggested to conduct your individual analysis earlier than making any funding choices. Use data offered on this web site fully at your individual threat.

Bitcoin

Bitcoin Drops Below 4-Hour MA

April 28, 2024 RecentlyHeard

Following a pullback, the value of Bitcoin has continued on its downward motion. The coin, after failing to interrupt above the 100-day Easy Transferring Common (SMA) and the pattern line has skilled a drop of over 6% from its earlier excessive.

Will the value of BTC proceed to maneuver in a downward route or will it reverse and begin shifting in an upward route?

As of the time of writing, the value of BTC was buying and selling round $62,972 which is about 28% down from its all-time excessive and was down by 1.27% within the final 24 hours. Though the value is buying and selling under the 100 SMA on the 4-hour chart, on the each day chart it’s nonetheless buying and selling above the 100 SMA.

Present Situation Of Indicators And What They Counsel

Trying on the chart, technically a assist degree and a resistance degree of $59,653 and $67,255 had been shaped respectively. Nonetheless, there might be extra assist and resistance ranges created if the value continues to maneuver downward.

4-Hour Transferring Common: A technical commentary of the chart from the 4-hour timeframe as seen within the picture under reveals that the value is trending under the 100-day shifting common. This means that the value is on a downtrend and will probably transfer additional downward.

4-Hour RSI indicator: The Relative Energy Index (RSI) indicator right here suggests a downward pattern because the RSI sign has crossed and is trending under the 50% line as noticed on the above chart.

The MACD indicator from the 4-hour chart additionally means that the value may proceed to maneuver downward because the MACD histograms are trending under the zero line. Each the MACD line and the Sign line have crossed and are trending under the MACD zero line, indicating a bearish pattern, as seen within the above picture.

Attainable Consequence

With the setup of the above indicators, it may be recommended that the value of Bitcoin remains to be bearish and that there are prospects that it might nonetheless transfer additional downward.

If Bitcoin continues downward and breaks under the assist degree of $59,653, it might witness a deep correction to create a brand new assist degree. Nonetheless, if the value fails to interrupt under this assist degree, it might begin an upward correctional motion in the direction of its earlier degree of $67,255 and if it manages to interrupt above this degree, the value will start an uptrend.

Featured picture from iStock, chart from Tradingview.com

Disclaimer: The article is supplied for academic functions solely. It doesn’t characterize the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You’re suggested to conduct your individual analysis earlier than making any funding selections. Use data supplied on this web site completely at your individual danger.

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