tldrdaily.news logo
Tag

Technicalindicators

All articles tagged with #technicalindicators

cryptocurrency1 year ago

Ethereum's Surge: Analysts Predict New Highs Amid Market Momentum

Ethereum is facing resistance near the $4k mark, but analysis suggests a potential path to $4.5k, contingent on maintaining the $3,560 demand zone. While buying pressure is rising, indicated by a declining exchange reserve and a positive Coinbase premium, bearish signals like a high RSI and a red taker buy/sell ratio suggest possible short-term corrections. The MA Cross indicator remains bullish, but historical patterns in the NUPL metric could lead to price corrections.

via AMBCrypto News|
#cryptocurrency#cryptomarket#ethereum
cryptocurrency1 year ago

XRP Surges Past $2.50: Will Whale Activity Maintain Momentum?

XRP's recent rally to $2.55 has been fueled by significant whale accumulation, with large holders increasing their positions during price dips. Despite the bullish momentum indicated by technical indicators like RSI and MACD, XRP remains in overbought territory, suggesting potential for profit-taking. Historical patterns show mixed outcomes for whale activity, with past accumulations leading to both substantial profits and periods of stagnation. The sustainability of XRP's upward trend depends on continued whale demand and broader market sentiment, with potential resistance at the $2.50 level.

via AMBCrypto News|
#cryptocurrency#cryptomarket#priceanalysis
cryptocurrency1 year ago

Dogecoin Faces Mixed Signals: Sell Alert Amid Bullish December Hopes

Crypto analyst Kevin warns of a potential sell signal for Dogecoin, citing technical indicators like a declining MACD and a topped-out Stoch RSI. Despite these bearish signals, the price action and money flow remain bullish. Kevin highlights the importance of breaking the $0.60 resistance level and notes that an altcoin season could boost Dogecoin if Bitcoin's dominance falls below 55%. He also plans to sell a significant portion of his holdings when long-term moving averages cross, using the Pi Cycle Top Indicator traditionally applied to Bitcoin.

via NewsBTC|
#altcoinseason#bitcoindominance#cryptoanalysis
cryptocurrency1 year ago

Ethereum Eyes $4,000 as Bullish Momentum Builds

Ethereum (ETH) recently hit the $3,600 mark but faced a slight pullback, trading at $3,577.87. Despite increased selling pressure as over 90% of investors were in profit, technical indicators suggest a potential breakout above $3,600, possibly reaching $3,900. Whale confidence and high open interest indicate bullish sentiment, with the 9-day MA above the 21-day MA and high On Balance Volume supporting a positive outlook. However, failure to break $3,600 could see ETH fall to $3,300 support.

via AMBCrypto News|
#cryptocurrency#cryptocurrencymarket#ethereum