The falling wedge begins wide at the top and contracts as prices move lower, causing the two descending trendlines to converge as the pattern matures. The converging nature of trend lines represents shallower lows, a sign of decreasing selling pressure. Therefore, a breakout is taken to mean a bullish revival. Source
Russia’s Gazprome announced indefinite suspension of gas supply to Europe, bolstering inflation fears. The renewed risk aversion capped upside in ether. Source
Bitcoin price is back to struggling below the $20,000 price level. The coin over the last 24 hours has barely depicted any movement. In the last week, Bitcoin price fell by 1.7%. Overall, the king coin has been consolidating at this price mark over the last week now. The technical outlook of Bitcoin has remained negative as the charts have not been favouring bulls. Broader market weakness has been prevailing for almost a few months now. Sellers have become more active in the past week. Bitcoin at the moment has…
Axie Infinity (AXS) has recently shown significant strength against tether (USDT) as the price prepares for a rally to the $20 mark. Bitcoin’s (BTC) price continues to fluctuate, despite occasional surges. The price of Axie Infinity (AXS) has been difficult to break above $15, but it could be set to make the difference.(Data from Binance) Axie Infinity (AXS) Price Analysis On The Weekly Chart AXS’s price has dropped from $70 to $10, and it is even struggling to stay afloat during the bear season. The price of AXS recently showed…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The Best Altcoins in Cryptocurrency TODAY are _______. [Watch The Whole Video] ** Not Financial Advice!!! DYOR/MYOD Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (Watch the WHOLE Video) 0:45 – Coin #1 3:30 – Coin #2 6:09 – Coin #3 7:09 – Coin #4 8:10 – Coin #5 10:10 – Coin #6 11:01 – Bitcoin dominance is low even in a bear market……
Bitcoin continues to trade in a tight range with low volatility between the high area north of $19,000 and $20,000. The cryptocurrency is moving about critical support, but macroeconomic factors threaten to push it into previous lows. At the time of writing, Bitcoin (BTC) trades at $19,700 with a 1% and 8% loss in the last 24 hours and 7 days, respectively. The cryptocurrency’s performance has been affecting the entire sector as Ethereum (ETH), Binance Coin (BNB), and another retrace to early August levels. BTC’s price moving sideways on the…
Bitcoin’s (BTC) price may climb by more than 50% in September, a month otherwise considered ominous for the cryptocurrency due to its poor historical returns. BTC price double-bottom and then to $30K? The conflicting upside signal comes from a potential double-bottom pattern on Bitcoin’s longer-timeframe charts against the United States dollar. Double-bottoms are bullish reversal patterns that resemble the letter W due to two lows and a change in direction from downside to upside. Double-bottom illustrated. Source: ThinkMarkets Bitcoin’s decline below $20,000 in July, followed by a sharp recovery toward $25,000…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 4 Altcoins Worth Paying Attention Too! Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (Watch the WHOLE Video) 0:33 – Bitcoin balance on exchanges keeps dropping! 1:24 – Bitcoin tends to rally exponentially after the Halving 1:51 – Q4 Bottom is POSSIBLE! 2:53 – Ethereum & Altcoins looking BULLISH! 3:27 – ETH L2 Optimism BULLISH METRICS! 5:34 – “Big 4️” Ethereum L2 scaling solutions!…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 10 Hour WARNING for Ethereum Holders [Merge News] + New CPI [Inflation Numbers] = BULLISH for Bitcoin & Crypto! Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (Watch the WHOLE Video) 0:33 – 10 Hours [Ethereum Holders] Merge will be BIG for Ethereum. 2:51 – Ethereum about to RALLY? 3:43 – Crypto Has “Found a Floor” Thanks to Ethereum Merge: JPMorgan 4:26 – Coinbase…
Shiba Inu community forecast a 111 trillion SHIB burn, which spurred holders of SHIB to be bullish. According to the Shiba Inu community, 111 trillion SHIB could be burnt in the upcoming year SHIB owners may have been anticipating a positive indication when they saw a large burn Crypto’s price is set to recover its losses, according to analysis of the SHIB chart’s rising formation Over the past two months, a surge in the meme coin has been brought on by the Shiba Inu burn events. The community of SHIB…