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“# Ethereum ‘head & shoulders’ chart pattern puts ETH price at risk of dropping to $2K ” Ethereum’s native token Ether (ETH) rates may fall to a two-month low after it slid below support at around $2,954, based on a classic trading pattern. The $2,954 level represents a so-called neckline constituting a head and shoulders…
“# Ethereum forming a double top? ETH price loses 12.5% amid Evergrande contagion fears ” Ethereum’s native asset Ether (ETH) prices slumped on Sept. 20 amid a broad selloff in the cryptocurrency market, led by worries about a potential housing bubble crisis brewing in China. The ETH/USD exchange rate dropped as much as 12.52% to…
“# Bitcoin jumps toward $49K amid fears 5%-plus inflation is here to stay ” Bitcoin (BTC) inched higher on Sept. 18 as the focus shifted to the Federal Open Market Committee’s (FOMC) policy meeting in the wake of lower inflation numbers last Tuesday. The BTC/USD exchange rate approached $49,000 on the Coinbase exchange, hitting $48,825…
“# Solana chart ‘bull flag’ eyes $250 despite SOL price down 40% since last week ” Solana (SOL) price extended its slide on Sept. 17 as a major network outage over the past week — pointing to heightened security risks — hit traders’ confidence. The SOL/USD exchange rate fell up to 13.27% to its intraday…
“# Shiba Inu (SHIB) jumps 40% on Elon Musk’s cryptic endorsement, Coinbase listing ” Shiba Inu (SHIB) crept up Friday as traders assessed its addition on Coinbase, one of the world’s leading crypto exchanges. The SHIB/USDT exchange rate jumped up to 16.42% to $0.00000950 for the first time since June 29, 2021. The latest move…
“# SushiSwap leads DEX token gains as SUSHI price rises by 23% in 24 hours ” SushiSwap (SUSHI) prices crept higher on Sept. 16 following another day of gains for decentralized exchange (DEX) tokens. The SUSHI/USD exchange rate rose by 7.54%, or $1.14, to reach $16.31 for the first time since May 21. The pair’s…
“# Ethereum eyes $6.5K bullish target as ETH price chart paints ‘Cup and Handle’ ” Ethereum blockchain’s native asset Ether (ETH) faces the prospect of exploding towards $6,500 in the coming sessions. ETH looks like a cup and handle too. Thoughts? — Raoul Pal (@RaoulGMI) September 15, 2021 The bullish analogy takes cues from a…
“# Bitcoin technicals: Incoming ‘golden cross’ presents potential bottom for BTC price ” Bitcoin (BTC) and the cryptocurrency market had a shakeout this week as the fake news surrounding Litecoin (LTC) caused a spike in volatility. However, the structure of the market didn’t change. In fact, Bitcoin’s price might be bottoming out as a Golden…
“# Tezos risks correction below record high with XTZ rallying 250% since July ” A recent price boom in the Tezos (XTZ) market risks exhaustion as it triggers a classic bearish pattern. Dubbed as Ascending Broadening Wedge, the pattern develops when the price oscillates between two upward but diverging trendlines. According to its creator Thomas…
“# Bull flag breakout pushes Avalanche toward $80 as AVAX price hits another record high ” Avalanche (AVAX) looks poised to hit $80 as per a classic technical pattern after hitting a new high of over $65 on Sept. 12. Dubbed as “Bull Flag,” the structure emerges as a brief sideways/downward trend following a strong…