BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- 4-hour chart, it is evident that the price action has been very choppy over the last few weeks. BTC has been trading between 40K and 45K for quite a while.
the price is currently breaking above the 46K resistance level. A valid breakout would pave the way for a bullish continuation toward the key 48K resistance level. The reaction to this level would likely determine the mid-term price action for BTC and the whole crypto market.
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Analiysiseth
ETH/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Looking at the 4-hour timeframe, things look worrying for Ethereum. The market has been making lower highs and lows since the rejection from the 2,400 level, demonstrating a clear bearish shift in the short-term market structure.
Nevertheless, the trend is still bullish, as the trendline depicted on the chart is yet to be broken. If this happens, the mid-term trend will be considered bullish, too, and a deeper drop can be expected in the coming weeks.
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BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- The 4-hour chart offers a much clearer picture of toilet price action. Price has formed a falling pattern yet to break it on either side.
Meanwhile, the support level of 40K is towards the higher trend line of the price per trend. A classic retracement is contemplated to break the falling wedge, and the market may rise above the recent high of 45K and in the coming form have access to the high of 48K. Conversely, a breakdown of the pattern would be disastrous, as it could lead to a decline towards the 38K support area.
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ETH/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- 4-hour chart, things become a little more tricky. The price has been reacting precisely to the depicted bullish trendline over the past few weeks.
it is currently falling toward the trendline once more. While traders can expect another rebound from this level, there is also a possibility for a breakdown. In the latter case, things might turn for the worse and lead to a deeper correction shortly.
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XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this XRP/USDT update from Crypto Sanders.
Chart Analysis:- XRP is also bullish and managed to book a 5% increase this week. However, the resistance at 68 cents is still to be broken before this cryptocurrency can aim for higher levels.
The support at 57 cents held well, and considering that buyers are dominating the market right now, XRP could continue to perform in the coming week.
this cryptocurrency could break the current resistance and aim to reach the previous high from July when XRP got close to $1.
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BONK/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BONK/USDT update from Crypto Sanders.
Chart Analysis:- The surprise of the past two months is BONK, the biggest meme token on the Solana network. The price has not stopped pumping since late October and booked an eye-popping 187% increase this week alone.
With such a performance, it is almost impossible to guess where BONK will top or decide to correct. Considering the market sentiment after a 70x increase from its all-time low, this Solana token could continue to rally.
Looking ahead, meme tokens are back in the spotlight, and BONK holders have the time of their lives.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum has displayed significant bullish signals, with the price exhibiting a robust uptrend that retraced above the pivotal resistance level of 2.1K. Despite a temporary setback, the cryptocurrency maintained its upward trajectory, reaching an annual peak of 2.4K. This PA suggests a revived bullish market, reflecting renewed demand and heightened buying interest among market participants.
It’s crucial to acknowledge that short-term corrections typically follow each bullish surge. As evident from the chart, Ethereum’s upward momentum faced rejection upon hitting the upper boundary of the wedge, resulting in a 10% decline.
The divergence between the price and the RSI indicator also supports the likelihood of a brief retracement before initiating the next bullish move. In such a scenario, the 2K support zone is anticipated to be Ethereum’s next destination in the daily timeframe.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SOL/USDT update from Crypto Sanders.
Chart Analysis:- Solana continues to impress with its resilience. After a brief pullback from its resistance at $67, the price is back on an uptrend and booked a 6% increase compared to last week. This makes Solana the best performer on our list.
Buyers defended the price well when it reached $50, and since then, they managed to push it to $60.
Solana is well placed to move higher, challenge the current resistance, and even break it if the overall market remains bullish.
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ADA/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ADA/USDT update from Crypto Sanders.
Chart Analysis:- Cardano landed on its key support at 38 cents this week and, in the process, also registered a 3% loss in valuation. If bulls hold here, then ADA could end its correction.
The current resistance is found at 41 cents, and it may take some time before this cryptocurrency tests it again.
ADA has a good opportunity to reverse and end its correction at this level. If it fails and the current support falls, then the price is likely to go to 35 cents next.
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BNB/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BNB/USDT update from Crypto Sanders.
Chart Analysis:- Unfortunately, BNB’s price fell by 3% this week after buyers were unable to regain control. The momentum remains bearish as the price continues to make lower lows.
The level at $230 turned into a resistance this past week, and it is unlikely to see a reversal any time soon. At best, this cryptocurrency could aim to reclaim $230 as support.
If nothing changes, then BNB could drop back to levels not seen since early October, when the price was found at $200. This is also the strongest support on the chart right now
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum appears determined to break the resistance at $2,140 which was tested twice since early November. Today’s price is found at the same level as last week when buyers had their last attempt at a breakout.
The support at $2,000 held well this week, which gives hope that ETH may break away from its current formation and make new local highs.
the momentum remains bullish, and should buyers manage to put the current resistance behind them, then the next key target will be found at $2,500.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) rose above the 1,800 level to start the week, following a second straight day in the green.
1,779.36 on Sunday, ETH/USD rose to a high of 1,827.13 earlier in today’s session.
the world’s second-largest cryptocurrency rose to its highest point since last Thursday.
the rally came as the RSI neared its long-term resistance level of 75.00.
the index is tracking at 72.20, with ethereum marginally below its earlier peak at 1,817.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- bitcoin remained near the 35,000 level, ahead of a key week of economic data from the United States.
BTC/USD peaked at the 34,743.26 mark to start the week, after falling to a low at 34,173.38 on Sunday.
Bitcoin is moving closer to an 18-month high at 35,157, which was last struck on October 25.
Since hitting a low of 33,400 on Friday, BTC has made consecutive gains, which comes after the relative strength index (RSI) found a stable floor at 79.00. the index is tracking at 82.52, which is still significantly above the overbought mark.
Should the price continue to increase, there is a good chance that price strength will edge closer to a ceiling at 87.00.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- ethereum (ETH) was mostly higher, leading prices back above the 1,800 level.
ETH/USD peaked at 1,865.10 earlier in today’s session, following a low at 1,781.49 on Wednesday.
ethereum rose to its highest level since August when the price hovered below 1,880.
The cryptocurrency has now traded in the green for seven straight sessions, adding nearly 20% to its value during this period.
the 10-day (red) moving average continued to race ahead of its 25-day (blue) counterpart, which is a sign that momentum remains bullish.
the RSI is at 74.90, which could cause current buyers to soon begin to capture gains.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:- ethereum (ETH) made slight gains on hump day, as it continued to hover around the 1,580 mark.
Following a low of 1,554.40 on Tuesday, ETH/USD climbed to an intraday peak of 1,584.73 during the day.
Earlier gains have since eased, with ethereum now trading at 1,577.40, with short-term bulls still targeting the 1,600 zone.
This may be difficult to achieve as momentum appears bearish, with the 10-day (red) moving average continuing to trend downwards.
Whilst at a reading of 45.75, a ceiling awaits ETH’s price strength at the 49.00 zone, and should it move beyond this, there will likely be an influx of bulls.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this Ethereum update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) continued to trade above the 1,700 level on Monday, as the cryptocurrency hovered near a multi-week high of its own.
ETH/USD hit an intraday high of 1,750.60 to start the week, less than 24 hours after trading at a low of 1,670.08.
this rally has seen ethereum trade at its highest level since mid-August, after breaking out of a resistance point at 1,730.
A closer look at the chart will also show that an upward crossover between the 10-day (red) and 25-day (blue) moving averages has occurred.
This typically is a bullish signal, however, with Ethereum’s RSI also close to being overbought, traders might be tentative before opting to amplify pressure.
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