CEX.IO Broker

2022-12-13 10:47:52 Open / Comment

2022-12-12 13:32:35 Results of the week 05.12.2022-11.12.2022

We have collected last week's assets and can evaluate how the forecasts worked out.
Results of the week 05.12.2022-11.12.2022

#1INCH/USD Asset of the day 12/06/2022 vs 12/12/2022
We noted that the coin is on a downtrend and there are no signs of a reversal. And the past week has confirmed this assumption - 1INCH has decreased by $0.054 (-11%) since December 6th.

#LTC/BTC Asset of the day 08/12/2022 vs 12/12/2022
LTC was expected to decline faster than bitcoin unless there was an overall strong upward move. As a result, LTC broke through the wedge and started declining (the pair decreased by 3.23% during the previous week). At the same time, there is still a big potential for further decline Open / Comment

2022-12-10 13:01:56 Three White Soldiers and Three Black Crows are triple candlestick patterns that form at the end of the trend and are considered as price reversals patterns

The Three White Soldiers pattern consists of three candles, each long, bullish, and almost the same length. The open of each candle is above the open of the previous candle, and the close is higher than the previous close

The Three Black Crows pattern also consists of three long candles with almost the same length but bearish ones. The open of each candle is below the open of the previous candle and the close is lower than the previous close

If the Three White Soldiers pattern is spotted after a downtrend — it may indicate a reversal upward. If the Three Black Crows pattern occurs after an uptrend it may be a signal for a reversal downward

The Three White Soldiers pattern can be used as an entry point (or long). The Three Black Crows pattern can be used as an exit point (or short)

Read more about Kicker in our knowledge base Open / Comment

2022-12-08 16:01:29 Open / Comment

2022-12-08 16:01:07 #Communitymetre — LTC/BTC — Asset of the day

From 11/24 to 12/07, LTC was in a sideways trend and after a strong rise from 11/22 to 11/23, a Narrowing Wedge was formed on the chart. LTC grew strongly ahead of the market, expecting the halving in the summer of 2023. Historically, this is a bullish signal for LTC, which is always followed by growth.

At the same time, the "Narrowing Wedge" is a bearish signal. And after rapid growth, a pullback may follow. It is possible that LTC will fall ahead of the market.

In the case of breaking the support line on the narrowing wedge, it is logical to take a short position, but you should be careful and put a stop on the return to the wedge. If the crypto market starts to grow dynamically, the LTC is likely to grow at a faster pace against the backdrop of halving.

Trade with no fees on CEX.IO Broker Open / Comment

2022-12-06 12:39:43 Open / Comment

2022-12-06 12:39:15 #Communitymetre — 1INCH/USD — Asset of the day

1inch is a decentralized exchange (DEX) aggregator that combines multiple exchanges. The purpose of this aggregation is to enable its users to find the most efficient swap routes across all platforms.

Unlike the market as a whole, 1INCH is in a downtrend. On Saturday, the price reached its local minimum of $0.486 and grew a bit, but on Monday it dramatically fell by 2.3%. The reason was the news about the sale of part of its assets of the 1inch Foundation.

Now the market is dominated by bears: the MACD lines are below 0, like as the Elder Strength Index. The price of $0.490 can become an important milestone (the line of the previous peak). Overcoming it could be an additional signal to sell

The positive price dynamics of BTC and ETH could push the token to grow and in the short-term, a slight increase of the value of the asset is possible to develop into a further fall.

Trade with no fees on CEX.IO Broker Open / Comment

2022-12-05 14:35:36 Results of the week 28.11.2022 - 04.12.2022.

We have collected assets of the last week and checked how the predictions worked out.

#BTC/USD Asset of the day 29.11.2022 vs 05.12.2022
Unlike our assumption, the price of BTC/USD managed to get out of the sideways trend and reach the price of $17,300. The next level, confirming the trend, could be $17,500.

#KAVA/USD Asset of the day 01.12.2022 vs 05.12.2022
As a result of the weekend, KAVA movement showed growth. KAVA is currently trading at the price of $0.925. Open / Comment

2022-12-03 16:09:48 Spinning Top is a single candlestick chart pattern, i.e. consists of one candle with a small body and an equal length long tails (shadows) on the top and on the bottom.

Spinning Top is similar to Doji, but it does have a real body. As a result, a candle forming the Spinning Top can be bullish or bearish, depending on whether it closed higher or lower than it opened.

Just like a Doji, a Spinning Top signals indecision and a potential reversal.

If a Bullish Spinning Top, i.e one formed by a bullish candle, occurs during a downtrend, it signals a reversal upward.

If a Bearish Spinning Top, i.e. one formed by a bearish candle, occurs during an uptrend, it typically signals a reversal downward.

Spinning Tops are more common than Dojis. The indecision signaled by a Spinning Top may be followed by some flat movement on a chart. A potential reversal should be confirmed by the following candle in the direction of the reversal.

Read more about Kicker in our knowledge base Open / Comment

2022-12-01 16:01:24 Kava is a cross-chain DeFi lending platform that allows users to borrow USDX Stablecoins and deposit various cryptocurrencies to make profits.

KAVA's own token, like most crypto-assets, is in a downward sideways trend after a massive drawdown due to the crash of FTX. For the last 3 days, the price of the asset has been showing growth after reaching the support line of $0.82.

An important price level might be $0.9145, which failed to be broken through on November 24th. If this level is not reached, the price is very likely to go down. An important factor is also the dynamics of quotations of major crypto-assets. BTC and ETH managed to get out of the two-week sideways trend and are trying to consolidate above the previous resistance lines.

Also, the news background can contribute to KAVA coming out of the flat - there is a wait-and-see attitude with cautious optimism among the crypto community

Trade with no fees on CEX.IO Broker Open / Comment