Crypto Chart Alerts

2022-04-23 09:08:54 Educational Post:

Relative Strength Index (RSI)

The RSI provides technical traders with signals about bullish and bearish price momentum, and it is often plotted beneath the graph of an asset’s price.

An asset is usually considered overbought when the RSI is above 70% and oversold when it is below 30%.

True reversal signals are rare and can be difficult to separate from false alarms. A false positive, for example, would be a bullish crossover followed by a sudden decline in a stock. A false negative would be a situation where there is a bearish crossover, yet the stock suddenly accelerated upward. Open / Comment

2022-04-23 08:32:49 Bitcoin continues the downward movement and breaks below the $40,000 area. The next good support is the $38,500-$39,000 area and BTC needs to hold above this level. Global markets also show downward movement because of the FED interest rate increment news. We will see high volatility in the next few days. Open / Comment

2022-04-22 20:26:05 BAKE analysis:

BAKE gave a huge rally and is now in the cooling-off period. BAKE is bullish as long as it holds above the $0.75 support area. The next resistance is $0.95-$1.00 area and $1.25-$1.30 area. Hold your BAKE position with a stop loss below the $0.75 support area. Open / Comment

2022-04-22 16:19:55 LINK analysis:

LINK is now trading near the major support of $12.80-$13.50 area. You can add some LINK in this zone for mid-term. The local resistance is $15.20-$15.40 area and the major resistance is $17.30-$18.00 area. We may see a bounce from the support area towards the resistance level. Open / Comment

2022-04-22 15:01:25 DOT is again rejected from the resistance area. DOT needs to break this resistance to turn bullish. The support is $17-$17.70 area and you can add more DOT in this zone. Hold your old position with stop loss below this support level. Open / Comment

2022-04-22 13:16:56 BAT gives a fakeout above the resistance area. BAT is respecting the uptrend line support and holding it well. Decision time for BAT is here and we will see a breakout or breakdown soon. If BAT holds above $0.80 then we see an upward move towards the $1.00 area. Hold your positions with stop loss. Open / Comment

2022-04-22 11:12:48 Educational Post:

Bollinger Bands

Bollinger Bands are a technical analysis tool developed by John Bollinger for generating oversold or overbought signals.

There are three lines that compose Bollinger Bands: A simple moving average (middle band) and an upper and lower band.

Prices have a tendency to bounce within the bands' envelope, touching one band then moving to the other band. You can use these swings to help identify potential profit targets.

A strong trend continuation can be expected when the price moves out of the bands. However, if prices move immediately back inside the band, then the suggested strength is negated. Open / Comment

2022-04-22 10:18:32 SUSHI retested the support line as expected and bounced from there. SUSHI now trying to break the $3.70-$3.75 resistance area. You can increase your stop loss to breakeven price and hold this trade. Open / Comment

2022-04-22 08:18:13 The TOTAL marketcap is holding above the support of the $1.80 trillion area. The market is bullish as long as TOTAL holds above this support level. A break below this support is bearish and we see a test of the $1.50 trillion support level. Open / Comment

2022-04-22 06:47:11 Bitcoin broke above $42,000 but was unable to hold above this level and turned out to be a fakeout. Bitcoin dumped because FED chairman Jay Powell signals that interest rates will be increased by 50 points in May. If BTC holds above $40,000 then we see again a move towards the $42,000 level. Open / Comment