Crypto Signals

2021-05-24 12:27:15 Ethereum On the Verge of Recovery as Price Steadies Above $2,200

Ethereum (ETH) appears to be on a path to recovery as it balances above the $2,200 level. Despite its 45% drop over the past seven days, reports show that more than 85% of all ETH HODLers are still in profits.

Over the past week, the network suffered a massive drop in transactions worth roughly $190 billion, as on-chain sentiment remains bearish. However, the recent inflow of capital into the Ethereum network indicates that recovery has begun.

Reports show that three key factors are supporting this recovery bias. Firstly, ETH longs were heavily overleveraged, which further exacerbated last week’s decline. However, ETH futures volume has remained under $70 billion since May 19, indicating that leveraged positions are low, lending support to a recovery bias.

Secondly, the daily volume of the...


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2021-05-23 22:44:51 Bitcoin Market Analysis — May 23

Bears continue to hold market dominance in the crypto space as Bitcoin (BTC) and other altcoins bleed on Sunday. The entire market capitalization has dropped by over $180 billion over the past 24 hours.

Nonetheless, Bitcoin has slowly reclaimed more market dominance over the past few days, as the benchmark cryptocurrency claims 46% of the total valuation.

BTC appeared to be on a recovery path just yesterday, reaching an intraday high of around $38,860. However, bears were not done with the market yet and dragged prices lower, recording a daily low of $33,860.

From a longer-term perspective, the primary cryptocurrency’s performance still falters. BTC is down by 29.5% over the past seven days, with a weekly low at $30k

Bitcoin’s market dominance recovery is a healthy sign that the cryptocurrency is recovering faster than...


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2021-05-23 22:43:42 Chainlink (LINK) Faces Rejection at $32, Targets the $4.78 Low

Chainlink (LINK) Long-Term Analysis: Bearish

LINK price is falling as it broke the previous low at $19. This recent fall was a result of rejection from level $44. Firstly, LINK dropped to $19.69 and corrected upward. The upward correction was terminated at $32 as the market resumes downward. In the previous price action, LINK was repelled at the peak price of $52.50. The downtrend resumes as price makes a series of lower highs and lower lows. Meanwhile, on May 19 downward, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that LINK price will decline to level 1.618 Fibonacci level or level $5.09.

Chainlink (LINK) Indicator Analysis

LINK has fallen to level 32 of the Relative Strength Index period 14. It indicates that the market is approaching the...


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2021-05-23 20:45:14 Modified SL on BTCUSD got triggered. +1694 pips Open / Comment

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2021-05-21 17:30:06 Bancor (BTNUSD) to Escape Dormancy Trap

BTNUSD Key Zones

Demand Zones: 8.300, 9.400

Supply Zones: 2.600, 3.900

BTNUSD is currently experiencing much volatility after having long stretches of market dormancy. Alongside this current period, only on two other occasions have the market experienced much volatility – at the inception of the coin and a period from 24th November 2017 to 18th July 2018, after which price relapsed back into dormancy. The dormancy can be observed in long stretches of sideways movement of price with miniature candlesticks below the 3.900 resistance line.

For the current period, the bulls rallied aggressively to eventually break the 3.900 resistance on the 17th of February, 2021. Immediately Bancor formed an ascending triangle pattern to shoot up even more beyond the reach of the 3.900 resistance to 9.400 resistance. BTN has since retained that...


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2021-05-21 14:45:14 TP on the quick BCHUSD long has been triggered. We scraped +30 pips Open / Comment

2021-05-21 14:40:11 Manually stop out of the DOTUSD long now with +68 pips now. Open / Comment

2021-05-21 14:30:07 Dogecoin Stalls as Elon Musk Continues to Influence Markets

CEO of Tesla and SpaceX Elon Musk continues to move the Dogecoin (DOGE) market with his utterances and tweets. The outgoing billionaire tweeted yesterday that he would not sell any of his DOGE holdings as the market continues to stall.

Musk tweeted this reply to a tweet from YouTuber Dave Lee calling him the “ultimate HODLer.”

Elon Musk has been a vocal proponent of cryptocurrencies and has pushed the prices of many coins, including Bitcoin and Dogecoin, higher over the past year. Earlier this year, the CEO favored Bitcoin above all other cryptos and revealed that Tesla bought $1.5 billion worth of it, sending the benchmark cryptocurrency price flying.

However, Musk seems to have backstepped his support in favor of Dogecoin. Last week, he tweeted that Tesla would no longer receive Bitcoin payments for its...


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2021-05-21 11:39:22 Bitcoin Cash Trade Signal (INTRADAY)

Instrument: BCH/USD
Order: Buy Stop
Entry price: $789.10
Stop: $779.10
Target: $819.10
Recommended risk: 1%
RRR: 1:3


NB: This order will become invalid if not triggered within the next 10 hours.  Open / Comment