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2022-10-27 18:05:57 #Communitymetre — LTC/USD — Asset of the day

The Litecoin price has been in a sideway trend since the end of September 2022. For the last 7 days, the LTC/USD price has been showing a steady growth, stopping on October 23 at a resistance level with $54.

The bears managed to return the price to the level of 30-day SMA, but on October 25th, the bulls got the upper hand again, breaking through the resistance line and going beyond the upper Bollinger Band.

Probably, the bears will try to reach and break the new support line, which was set by the peaks of the end of September — $55.27. Nevertheless, Nevertheless, the bulls still have the upper hand — the Elder Force Index is above zero, MAСD moving averages have gone up since October 18th.

Most likely, LTC/USD price behavior will also strongly depend on investor sentiment on cryptocurrency pairs — BTC and ETH. Additional positive news background may spur the bulls to action.

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2022-10-26 14:51:31 A Doji is a candle with a tiny body, where the opening and closing prices are virtually equal and the tails (top and bottom shadows) are long.

Let's break down this topic in more detail

The Doji varieties look like a cross, an inverted cross, a plus sign, the -letter or an inverted T.

Doji by itself is neutral. Occuring after a trend, Doji can signal a reversal:

if Doji forms after a downtrend, it may indicate a reversal upward
if Doji forms after an uptrend, it may indicate a reversal downward

Dojis are relatively rare and not considered very reliable.

A Dragonfly Doji is a variation of a Doji that looks like the T-letter. A Gravestone Doji, just the opposite, is a reversed T-shape. Both signals signal the reversal of an existing trend.

Read more about Doji in our knowledge base. Open / Comment

2022-10-25 17:55:54 Open / Comment

2022-10-25 17:53:01 #Communitymetre — ETH/USD — Asset of the day

Since the end of September the price of ETH/USD is in a side trend — the conditional equilibrium between the bulls and the bears. According to the results of the previous week, the strength is on the side of the bulls — they managed to push the price above the previous peak line of $1,331 and reach the upper Bollinger Band at $1,363.

Bears tried to lower the price, but could not overcome the resistance line of $ 1331. The bulls are encouraged by the US FRS intention to lower key rates, which has positively influenced the price on stock and bond markets. The crypto market may also respond with growth in the long term. But, the FRS still considers a rate hike as a justified measure to fight inflation and the next hike is likely - to happen.


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2022-10-23 21:34:18 Results of the week 17.10.2022 - 22.10.2022

We have compiled all of last week's assets for you. You can now assess how the predictions worked out.

#S&P500 Asset of the day 18.10.2022

#XPR/USD Asset of the day 20.10.2022

#ATOM/USD Asset of the day 22.10.2022

#Communitymetre Open / Comment

2022-10-22 21:48:53 Open / Comment

2022-10-22 21:45:55 #Communitymetre — ATOM/USD — Asset of the Day

Atom has been on an uptrend since June 18 and after this uptrend is broken, it looks like a good idea to trade from short when the price approaches the upper border of the channel.

The atom is a fundamentally strong coin, but recently it has not moved with the market. It has fallen more than the market, when the market grew, the coin stood still or grew weaker than the market.

When the range is broken, it can start a bullish trend, even against the market, but at the moment, the bearish mood looks more logical.

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2022-10-20 18:58:08 Open / Comment

2022-10-20 18:56:14 From September 7 to September 23, the XRP price gained 80%, while BTC was in sideways movement and did not rise.

The XRP price was able to overcome the global trendline and now the bulls are trying to consolidate above it. Around $0.39 there is a large volume of trades, indicating a major confrontation between bears and bulls, just under the trendline.

At the moment the XRP price is in a narrowing wedge and this situation can support both bulls and bears, depending on which of the two lines the coin will break through.

Indicators show multidirectional situation: MACD and MAs are about a decline, and the Stochastic shows a bullish signal.

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2022-10-19 17:23:53 Open / Comment