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Crypto-trading

Death Cross Forms on Ethereum Classic Daily ChartEthereum Classic (ETC) printed the death cross signal on the daily chart, which is a warning signal that calls for more downside. The death cross signal occurs when the short-term 50-day simple moving average crosses below the long-term 200-day simple moving average. Death Cross Signal The last time the death cross signal occurred in October 2021, ETC fell by 62%. However, the last 3 times that ETH saw the death cross, it acted as a contrarian signal. On average, the death cross signal has triggered around a 30% sell-off before bouncing back. A 30% sell-off could send ETC's price down to around the $14 level. In the short-term, ETC’s price is facing resistance between $24 and $26. Simultaneously, the RSI oscillator is also approaching the 50 mid-level. Therefore, if the RSI oscillator is able to break above the mid-level 50, bullish momentum may come back to the market. Other Side of the Coin: On the flip side, a daily break and close above the $24 - $26 resistance zone could open the door for a retest of the 50-day SMA, which currently falls at $29.70. Further to the upside, the next major resistance comes around the $37.50 level.
by cryptohopper
BTC/USD Daily Neutral BullishBTC/USD Daily neutral with a bullish bias. *FUD regarding Ethereum's Merge (which, according to Ethereum devs and community including Vitalik Buterin was due to a "non-trivial segmentation error stemming from out of date software" is actively being resolved) may have pushed some investors to BTC as it dropped to $28000 temporarily but remains relatively flat at $29500 while ETH and the broader crypto market has fallen roughly 5%. Which makes the crypto/equities-decoupling case this week pretty strong.* Recommended ratio: 51% BTC, 49% cash. Price is doing its very best to hold on to support at the 50/50 uptrend line from March 2017 ($29.5k) for what is now the sixteenth consecutive session (correction from the previous TA - the count was fourteen not thirteen then); it is completing a Descending Triangle which typically breaks to the downside so a tight stop loss is encouraged. Volume remains moderate and is on track to favor sellers for a second consecutive session if it closes today in the red, that wouldn't bode well for breakout chances. Parabolic SAR flips bearish at $26.6k, this margin is neutral at the moment. RSI is currently trending sideways at 39.26 as it hovers below the uptrend line from 01/22/22 at 42.41 resistance. Stochastic is currently trending up slightly at 93 and is barely bullish after trading neutrally since 05/23/22; the next resistance is max top (and it still has a bit of potential to coast in the 'Autobahn Zone' here). MACD remains bullish and is currently trending up at -1939 with no signs of peak formation; the next resistance is at -1435 and support (minor) at -2497. ADX is trending sideways at 44 while Price is trending sideways at ~$29.5k, this is neutral at the moment. If Price can manage to break out of the Descending Triangle from 05/10/22 and turn $30507 from resistance to support, the next likely target is a test of $36258 minor resistance. However, if Price breaks down out of the Descending Triangle then it will likely fall to $24180 minor support before potentially heading lower. Mental Stop Loss: (tight stop loss - one close below) $28600.
COINBASE:BTCUSD
by dailytaguy
TAG Heuer adopts crypto payment optionTAG Heuer announces crypto payment option The watchmaking company wants an exciting Web3 experience Crypto payment has a spending cap of $10,000 per transaction TAG Heuer has announced that it has enabled a crypto payment option for customers who prefer to pay for goods on its platform. The company is a powerhouse that creates, designs, and sells wristwatches and other fashion ornaments. Some days ago, it made the announcement stating that traders can leverage up to five top digital assets and five stablecoins to pay for their goods on its online platform.
COINBASE:BTCUSD
by henryartem
2
BTCUSDTMore than 2 months have passed since the last domination review. Much has changed since then, especially with regard to the cryptocurrency market. At the moment I see two possible scenarios for the development of domination: 1) if bitcoin is shed below 25k and we see a continued outflow of large investors, the chances of an instant increase in dominance to the 50%+ zone are infinitely high 2) the current low is the bottom and we will be able to see a reversal in the near future, in this case the scenario from previous reviews will remain relevant and an alt season is possible before the end of the cycle. As for my personal opinion, I am inclined to believe in the first scenario, too much food + news about outbreaks of smallpox around the world can repeat the capitulation of all markets, as we have already seen in 2019.
CRYPTOCAP:BTC.D
by MMJtop