Tag Archives: Relative Strength Index

Cardano (ADA) Faces Further Decline, $0.3389 Support Under Threat

June 28, 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 at all times been my idols and mentors, serving to me to develop and perceive the lifestyle.

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I used to be uncovered to the cryptocurrency world 3 years in the past and bought so occupied with realizing a lot about it. It began when a good friend of mine invested in a crypto asset, which he yielded large positive factors from his investments.

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My Bosses and colleagues are the perfect varieties 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 corporations.

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

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Bitcoin

Bitcoin Bears Target $60,000 Level As Price Continue To Decline

June 24, 2024 RecentlyHeard Leave a comment

Bitcoin is at present experiencing a notable decline, with its worth steadily approaching the essential $60,000 mark. The market sentiment has turned more and more bearish, pushed by a mixture of macroeconomic elements and a current surge in promoting strain.

This shift has seen Bitcoin struggling to take care of larger ranges, triggering nervousness amongst traders and merchants. Because the bears take management, the $60,000 threshold turns into a focus, with many watching intently to see if the crypto asset can discover help or proceed its downward development.

With the assistance of technical indicators, this evaluation focuses on analyzing Bitcoin’s present worth motion and its impression on the asset’s future specializing in the 4-hour and the 1-day timeframe.

As of this writing, the market capitalization of Bitcoin is over $1.2 trillion, with a buying and selling quantity of over $17 billion. The cryptocurrency worth is now down 3.11%, buying and selling at roughly $62,334. Regardless of a 3.09% lower in market capitalization, there was a 96.46% improve in buying and selling quantity over the past day.

Present Market Overview For Bitcoin

Presently, as it may be noticed on the 4-hour chart the value of Bitcoin is actively bearish and has massively dropped beneath the $64,515 help stage. It can be observed right here that the value is dropping towards the $60,158 help stage.

Supply: BTCUSDT on Tradingview.com

Additionally confirming the above declare is the 4-hour Relative Energy Index (RSI) because the sign line of the indicator has sharply dropped beneath 50% and is at present trending on the oversold part. This means that there’s a likelihood of additional worth decline.

Bitcoin’s worth on the 1-day chart can be actively bearish as it’s presently buying and selling beneath the 100-day Easy Transferring Common (SMA) dropping in the direction of the $60,158 help stage with robust bearish momentum.

Lastly, with the formation of the 1-day RSI, it may be recommended that BTC’s worth poses extra of a menace to extending its decline because the sign line of the indicator having dropped beneath 50% is actively trending near the oversold zone.

Key Assist Ranges: Why $60,158 Issues

Presently, BTC is dropping towards the $60,158 help stage. Two potential occasions might happen if the value reaches this stage, both it experiences a rejection and begins to maneuver upward or it breaches this stage and continues to maneuver downward.

Subsequently, if there’s a rejection on the $60,158 help stage, BTC might begin transferring upward towards the $64,515 resistance stage. If this stage is breached, the crypto asset might expertise extra worth progress towards the $71,909 resistance stage and presumably different ranges above.

However, if the value of BTC breaks beneath this help stage, it would preserve falling to check the $56,524 help stage. Ought to this stage be damaged, Bitcoin may decline even additional, testing the $50,604 help stage and maybe even decrease ranges.

Featured picture from iStock, chart from Tradingview.com

Bitcoin

Bearish Wave Hits Solana: SOL Drops Below $140 – More Losses On The Horizon?

June 23, 2024 RecentlyHeard Leave a comment

Solana, a number one blockchain platform, is experiencing a major downturn as a persistent bearish wave sweeps by way of its market. This decline, pushed by a mix of things, has led to SOL’s worth struggling an enormous drop under the $140 assist mark.

Solana’s worth has struggled to seek out stability, breaking by way of key assist ranges and signaling additional potential losses. As bearish sentiment continues to dominate, merchants and buyers are intently monitoring the scenario, in search of indicators of a doable reversal or extra declines within the close to future.

Technical Indicators Sign Additional Losses For Solana

On the 4-hour chart, the worth of SOL is starting to say no once more after a failed try to maneuver upward. It also needs to be famous right here that the digital asset remains to be actively bearish buying and selling under the 100-day Easy Shifting Common (SMA).

The 4-hour Relative Energy Index (RSI) additionally means that Solana could also be poised for an extra decline because the sign line of the RSI indicator is trying a reversal under 50% dropping towards the oversold.

From the 1-day chart primarily based on the present worth motion, it may be noticed that SOL remains to be actively bearish as it’s nonetheless buying and selling under the 100-day SMA. It will also be seen right here that it’s trying to begin shifting downward by dropping a rejection candlestick.

Additionally, the RSI indicator reveals that SOL’s worth might doubtless decline additional because the RSI line is actively trending under 50% heading towards the oversold zone. It’s price noting that from the evaluation and technical indicators on each the 4-hour and 1-day chart, it may be instructed that the worth of SOL might lengthen its decline for some time.

Potential Eventualities For SOL’s Worth Motion

Presently, Solana has damaged under the $140 mark and is trying a downward transfer towards the $118 assist stage. If SOL’s worth breaks this stage, it’s going to proceed to maneuver down to check the $99 assist stage and should most likely transfer on to check different lows if it breaches under this $99 stage.

Nevertheless, if it fails to maneuver downward as predicted and breaks above the $140 mark, it’s going to begin a transfer towards the $160 resistance stage. Ought to it break above this resistance stage, it’s going to proceed to maneuver upward to check the $188 resistance stage. Moreover, Solana might witness the next climb to check the $205 resistance stage on the chart if it breaks the above assist stage and probably heads on to create a brand new excessive.

The worth of SOL has decreased by 0.57%, buying and selling at about $133 within the final 24 hours, with a market capitalization of greater than $61 billion and a buying and selling quantity of greater than $1.9 billion as of the time of writing. There was a 12.94% improve in market capitalization within the final day regardless of the buying and selling quantity being down by 9.84%.

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

Ethereum Undergoes Major Breakout, Path To New All-Time High?

May 25, 2024 RecentlyHeard

Ethereum has but to witness a transfer on the upside at present, following the historic approval of the ETH Spot Change-Traded Funds (ETFs). Nevertheless, given the influence of the alternate funds, as seen with Bitcoin, a number of crypto analysts and market watchers anticipate a serious rally for ETH within the upcoming months.

Becoming a member of the fray is standard cryptocurrency skilled and dealer Javon Marks, who has spotlighted a noteworthy breakout within the worth motion of Ethereum, speculating that the event might set off a notable rally for the crypto asset.

Ethereum Breakout Sign New All-Time Highs

Marks’s prediction emphasizes the likelihood that ETH may attain unprecedented worth ranges after the emergence of a number of distinct Bullish Metrics. He famous that shortly after exhibiting a number of distinct bullish metrics, ETH’s costs confirmed a serious breakout. Attributable to this, a big transfer within the upward trajectory might be underway.

Associated Studying

Earlier this month, Marks identified about 4 bullish metrics within the worth of Ethereum. These embody a Bull Flag-like worth construction, Increased Lows in worth motion, Decrease Lows within the Relative Energy Index (RSI), and Bigger Upside worth breakout to the $4,811 worth mark.

ETH may surge to $4,811 and past | Javon Marks on X

Sharing insights on the Bull Flag-like sample, Javon Marks claims a breakout may end in new all-time highs for ETH, and for the advantage of many Altcoins. Nevertheless, a number of days later, the analyst reported that Ethereum was getting near the Bull Flag sample’s breakout ranges. Ought to a profitable breakout happen, it’s going to solely kickstart the subsequent stage of considerable development.

Particularly, within the occasion of a breakout, the value of ETH may rise by about +50% from the extent then, to $4,811. Moreover, it’d probably end in costs topping at $5,000 and setting new peaks.

In the meantime, lower than 2 hours later the skilled confirms the asset has damaged out of the sample at lightspeed and is surging within the upward course. Thus following this breakout, ETH’s costs could also be poised for one more 23.4% from the present stage to the aforementioned worth targets, whereas suggesting that additional development might be on the horizon.

ETH Sees Bearish Motion

At the moment, the digital asset is seeing a bearish motion after failing to interrupt above the $4,000 mark as soon as once more. Though all the crypto market is experiencing a bearish momentum, a very good restoration remains to be anticipated to occur quickly.

Associated Studying

Regardless of the approval of ETH spot ETFs, the coin has recorded a decline of over 5% within the final 24 hours. Nevertheless, prior to now week, ETH has amassed positive factors of greater than 20%, exhibiting resilience to draw extra.

Its market capitalization has decreased by over 5% prior to now day to $445.95 billion. In the meantime, its buying and selling quantity is valued at $45.29 billion, indicating a greater than 65% enhance prior to now day.

Featured picture from iStock, chart from Tradingview.com

Bitcoin

Dogecoin Forms Symmetrical Triangle, Rally On The Horizon?

May 21, 2024 RecentlyHeard

Amidst a major surge displayed by Dogecoin (DOGE) just lately, in style crypto analyst Crypto Day by day Commerce Indicators has recognized a symmetrical triangle sample within the worth actions of the crypto asset, indicating a attainable continuation of the current rising pattern. Primarily based on the professional evaluation, Dogecoin, which has attracted plenty of consideration and curiosity from buyers these days, could also be making ready to construct on its present momentum and make extra beneficial properties.

Significance Of Dogecoin Symmetrical Triangle Sample

A symmetrical triangle chart sample is a consolidation part that precedes a pressured breakout or decline in worth. A brand new bearish pattern begins with a breakdown from the decrease pattern line, whereas a brand new bullish pattern begins with a breakout from the higher pattern line.

Associated Studying

In keeping with the analyst, the symmetrical triangle sample presents a serious impediment for DOGE on the $0.1545 worth degree. On the identical time, the 50-day Exponential Transferring Common (EMA) continues to supply help on the $0.1513 degree.

Although the present market worth is above the 50 EMA and suggests a bullish bias, Crypto Day by day Commerce Indicators famous that Dogecoin has to surpass the resistance degree of $0.1595 with the intention to affirm that the upward pattern is continuous.

DOGE kinds a symmetrical triangle | Supply: Crypto Day by day Commerce Indicators on X

This angle is additional strengthened by the Relative Power Index (RSI), which is at the moment above the 50 EMA and helps a buying pattern.

The publish learn:

Dogecoin has fashioned a symmetrical triangle sample, presenting a major hurdle across the $0.1545 mark. Concurrently, help persists across the $0.1513 degree, strengthened by the 50-day EMA.

The professional highlighted that DOGE is at a pivotal level round $0.15100 on the 4-hour chart, indicating a bullish momentum, and a direct resistance on the $0.15950 mark. The primary impediment to be cleared is the quick resistance at $0.15950, which is adopted by the $0.16980 and $0.18440 ranges.

Though warning is suggested if DOGE drops under the pivot level, the RSI’s present place signifies a possibility for extra earnings. Up to now, the upward pattern is supported by a agency base supplied by the 50-day EMA round $0.15130.

In the meantime, on the unfavourable aspect, $0.14270 gives quick help, whereas $0.13240 and $0.12030 present further ranges of help, with the RSI at 53, which denotes impartial situations.

Is $12 DOGE Attainable?

Crypto analyst Javin Marks has additionally shared insights on Dogecoin’s latest worth motion, predicting a possible huge rally to $12. In keeping with the professional, primarily based on earlier breakouts and runs, DOGE has maintained its damaged standing as soon as extra.

Associated Studying

These runs have change into greater one after the opposite, and the final run recorded over 20,000% upsurge. Given the character of the runs, Javon Marks anticipates the latest run, which is likely to be in its early stage now, to be greater than the final one.

Because of this, the professional specialists DOGE to succeed in $12 and even larger following the run. Additionally, Marks famous that after the run has concluded, DOGE may see one other huge rise of over 7,500%.

Dogecoin — DOGE buying and selling at $0.15091 on the 1D chart | Supply: DOGEUSDT on Tradingview.com

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

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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