#TOTAL MARKET CAP 1DAY ANALYSIS BY CRYPTO SANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
TOTAL MARKET CAP ANALYSIS UPDATE:-The Total market cap bounced with a decent volume after hunting stops below the marked previous low.
Currently, it is showing momentum, and a solid breakout above the horizontal resistance will confirm a bullish rally in it.
If it rejects from here, then further accumulation between the marked horizontal support and resistance is expected.
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Unique Update Of EthereumHello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Ethereum (ETH) was also in the red on Saturday, as the price of the world’s second-largest cryptocurrency fell below a key resistance point.
Following a high of $1,299.84 on Friday, ETH/USD fell to a low of $1,275.09 earlier in today’s session.
This drop sees ethereum move below its recent ceiling at the $1,285 level, despite a recent upwards crossover of the 10-day (red) and 25-day (blue) moving averages.
Looking at the chart, today’s drop came as the RSI fell below its long-term support point at 51.70. It is now tracking at 51.42, as of writing.
Traders still seem to be optimistic about a potential move above $1,300, however, the RSI will likely need to surge beyond the 52.00 mark.
Should this happen, and the momentum of the moving average climb higher, then we could see ETH move towards a ceiling of $1,370.
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Unique Update Of BitcoinHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) was consolidating to start the weekend, following the U.S. nonfarm payrolls (NFP) report.
Figures yesterday showed that 263,000 jobs were added to the American economy, better than the 200,000 markets had expected.
This rise in jobs has left cryptocurrency markets unsure of what the Federal Reserve will do in its next policy meeting.
BTC/USD slipped to a low of $16,877.88 following the news, which is lower than Friday’s peak of $17,116.04.
The 14-day relative strength index (RSI) has also slipped, now tracking at 52.16, which is close to a floor of 52.00.
Despite this, the 10-day (red) moving average has now fully crossed over its 25-day (blue) counterpart, which appears to signal upcoming bullish momentum.
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BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT 4Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-BTC rejected from the horizontal resistance after hunting stops above it by a liquidity grab wick.
Now, it is in no man's land, and the direction is unclear until it will do a solid breakout.
In case of further rejection, there is a possible scenario of creating a higher low above the POC level or above the marked descending trendline.
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BTC/USDT 2HOUR UPDATEHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-BTC bounced with a good volume after doing a breakout of the descending trendline and POC level.
The bulls are showing strength and attempting to break horizontal resistance. An effective breakout above it will affirm a push toward $18,200.
In case of rejection, a retest of the POC level or of the marked descending trendline could be a potential situation.
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Unique Update Of EthereumHello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- Ethereum (ETH) also moved higher on Tuesday, ahead of the U.S consumer confidence report.
The Conference Board consumer confidence survey is expected to come in at a reading of 100, which is marginally below October’s reading of 102.5.
ETH/USD was back above $1,200 on Tuesday, hitting a high of $1,216.52 earlier in today’s session.
As can be seen from the chart, the move, which ended two straight days of losses, pushed ethereum to its highest point since Saturday.
Overall, this move comes as the RSI raced above its point of resistance at 43.70, and it is currently tracking at 46.10 as of writing.
A ceiling of $1,230 now awaits ethereum bulls, and should they overcome this hurdle, a move toward $1,300 will be on the cards.
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Unique Update Of BitcoinHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) snapped a five-day losing streak on Tuesday, as prices moved away from a recent point of support.
Following a low of $16,054.53 to start the week, BTC/USD surged to an intraday high of $16,522.26 earlier today.
This surge saw bitcoin climb from its aforementioned price floor of $16,175, which has been in play since early November.
Looking at the chart, although prices have surged, it will be a test to see if this momentum can be maintained, due to the relative strength index (RSI) colliding with a ceiling.
As of writing, the index is hovering marginally above a ceiling of 41.00, with a current reading of 41.12.
Should price strength continue upward, we could see more bulls entering the market, taking BTC closer to $17,000.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- Ethereum (ETH) also moved lower to start the week, with prices once again moving under $1,200.
Following a high of $1,218.51 on Sunday, the world’s second-largest cryptocurrency dropped to a low of $1,162.19 earlier today.
The decline pushed ETH/USD below a key support point of $1,180 and came as the RSI failed to break out of a long-term resistance level.
As can be seen from the chart, price strength was unable to fully move beyond a ceiling of 43.00, and is currently tracking at 40.62.
In addition to this, the 10-day (red) moving average has shifted direction, with momentum once again downward facing.
Overall, a target of $1,070 appeared to be a likely destination for bears, should momentum continue to decline.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Ethereum (ETH) was once again below $1,200, as the world’s second-largest cryptocurrency also consolidated in today’s session.
ETH/USD fell to a bottom of $1,174.82 earlier in the day, which comes less than 24 hours after hitting a high of $1,203.98.
As a result of this drop, ETH/USD slipped below support at $1,180. However, as the day progressed, the price rebounded.
Currently, ethereum is trading at $1,220.60, with the RSI tracking at a level of 42.75, which is below a ceiling of 43.00.
In addition to this, the 10-day (red) moving average is currently trending sideways, which seems to be a positive signal that recent downward pressure has eased, for now.
Should this trend line begin to shift, we could see more ETH bulls return to the market, in anticipation of an uptrend.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) was mostly unchanged on Friday, as cryptocurrency markets consolidated, following the U.S. Thanksgiving holiday.
Following a high of $16,641.32 on Thursday, BTC/USD fell to an intraday low of $16,388.40 earlier in today’s session.
Today’s decline saw a three-day winning streak snapped, with BTC moving closer to a recent support point of $16,200.
Looking at the chart, this comes as the 14-day relative strength index (RSI) failed to break out of a ceiling at 41.00
The index is currently tracking at 40.04, with neither bulls nor bears taking hold of market sentiment.
However, should bulls break out of the 41.00 resistance point, we could likely see BTC move toward $17,000.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) mostly consolidated on Thursday, following news that the U.S. Federal Reserve could be set to move away from its aggressive rate hike policy.
Wednesday’s FOMC minutes showed that “A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate.”
The news comes as inflation in the United States begins to slow down, following several back-to-back rate hikes.
Following a move to an intraday high of $16,771.48 on Wednesday, BTC/USD is trading at $16,544.58 as of writing.
Looking at the chart, this comes as the 14-day relative strength index (RSI) failed to break out of a ceiling at 40.35.
Currently, the index is trading at the 39.90 level, with momentum now moving towards a downtrend, and in particular to a floor of 38.00.
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BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT 4Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- BTC bounced after taking stops below the previous low. Now it is heading toward the horizontal resistance of $17,100, which is the main level for bulls to break for the mid-term bullish confirmation.
If bulls couldn't able to break the horizontal resistance and rejects from here then further consolidation in the current range is expected.
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ETH/USDT 4 HOUR UPDATEHello, welcome to this BTC /USDT 4Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- In the 4-hour timeframe, a descending wedge pattern was formed during the past few months, and the price is testing the lower boundary for the third time.
This is known as a bullish continuation consolidation pattern in the classic price action methods. However, an existing imbalance between the $1347 and $1420 price levels should be tested before the next impulsive move.
And yet, according to the overlap of the lower boundary of the wedge, as well as the powerful support level at the $1K region and the untested imbalance, the price seems more likely to undergo a short-term reversal toward the wedge’s upper boundary.
Nevertheless, the upcoming price action should decide Ethereum’s direction for the mid-term
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ETH/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ETH/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- (ETH) was also back in the green in today’s session, as the token moved closer to the $1,200 mark.
ETH/USD raced to a peak of $1,175.13 on Wednesday, which comes less than 24 hours after hitting a low of $1,096.66.
Today’s rally led to ethereum moving past a key resistance level of $1,170, hitting its highest point since Sunday in the process.
Since this collision, market uncertainty has increased, with the world’s second-largest token now trading below earlier highs.
This comes as the RSI also hit a wall, with the index currently tracking at 40.26, which is marginally below a ceiling of 40.30.
Bulls are likely targeting a reentry on the $1,200 zone, however price strength will first need to overcome this current obstacle.
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BTC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BTC/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) rebounded from recent declines on Wednesday, as markets were boosted by the news that Coinbase has 2 million BTC in its reserves, as of the end of Q3.
Following a low of $15,820.29 on Tuesday, BTC/USD rallied to an intraday high of $16,611.59 in today’s session.
The surge in price sees BTC move away from a recent floor of $15,600, with bulls now seemingly targeting a ceiling of $16,900.
Looking at the chart, this rally comes as the 14-day relative strength index (RSI) broke out at a resistance of its own at 38.00.
As of writing, the index is tracking at 39.58 and appears to be making its way to a resistance point of 41.00.
Sentiment in the market remains bearish despite today’s rally, however, should these upcoming hurdles be overcome, then momentum could begin to shift.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) continued to trade lower on Tuesday, as crypto markets were nervy ahead of Wednesday’s FOMC minutes release.
BTC/USD fell to a low of $15,599.05 in today’s session, which comes less than 24 hours after hitting a high of $16,246.61.
The move pushed the world’s largest cryptocurrency to its lowest point in two years and came as prices fell below a key support point.
Looking at the chart, BTC moved marginally below a floor of $15,600 on Tuesday, before rebounding higher as the session matured.
As of writing, bitcoin is trading at $15,784.68, with the 14-day relative strength index (RSI) tracking at 31.61.
This is slightly above the support of 30.50, which means that there could still be upcoming drops in BTC in the coming days.
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BTC/USDT 4HOUR UPDATEHello, welcome to this BTC/USDT 4Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- The two critical levels here are $18.5K and $14.3K. As demonstrated by the red and green hues, a break from any side followed by a small pullback can define the trend’s direction.
Technically, this pattern is frequently interpreted as a continuation. As a result, because the trend is downward, technical analysts anticipate the negative trend will continue. However, present volatility is driven more by the news. Therefore, it is preferable to pay close attention to the given horizontal levels.
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#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ETH/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-ethereum (ETH) extended recent declines, stumbling lower for a second straight session on Monday.
ETH/USD fell to a low of $1,110.57 to start the week, which comes less than 24 hours after hitting a high of $1,183.43.
Today’s drop, which saw the token fall by as much as 4%, took ETH to its lowest point since November 10.
Bears seem to be targeting a floor of $1,100, however, traders have so far rejected this proposition, with the token bouncing, and it is now trading at $1,120.26.
As can be seen on the chart, Monday’s drop in price coincided with the RSI breaking out of its own floor at 37.75, and it is now at 34.61.
with the trendline suggesting that further declines could be on the way.
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BTC/USDT 4HOUR UPDATEHello, welcome to this BTC USDT 4Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- BTC remains bullish and is consolidating in a symmetrical triangle on the 2H TF. MACD crossover is turning bullish
A successful breakout of the symmetrical triangle will confirm the move toward the horizontal resistance and a solid break above it will target the key resistance level of $18.5K.
If BTC breaks out of the symmetrical triangle with a retest below it, the chart will be invalid.
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#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ETH/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-ethereum (ETH) also stumbled lower on Saturday, with prices nearing a breakout of the $1,200 level.
Following a high of $1,222.20 on Friday, the world’s second-largest cryptocurrency dropped to a low of $1,200.48 earlier today.
The move came as ETH/USD fell below a recent ceiling of resistance at $1,220, with bulls now fighting to reject any further declines.
As of writing, ETH is trading at $1,209.44, as traders have so far rejected a drop below $1,200.
This is due to two things, first the 10-day (red) moving average has begun to trend upwards, which has brought back a level of bullish sentiment to the token.
In addition to this, the 14-day relative strength index (RSI) continues to track above a key floor of 37.75, which appears to be a major reason why we haven’t seen any further significant sell-offs.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) was once again trading lower to start the weekend, as the token moved back towards a recent price floor.
BTC/USD fell to an intraday low of $16,564.61 in today’s session, which comes less than a day after hitting a high of $16,795.20.
The move sees BTC move closer to this week’s support point of $16,000, which has been in place since the FTX collapse.
Looking at the chart, today’s drop in price comes as a hurdle was hit on the 14-day relative strength index (RSI).
This wall of 38.00 on the indicator has seemingly prevented bulls from recapturing the $17,000 mark, and in turn, opened the door to a bearish reentry.
Should Saturday’s bearish momentum continue to intensify throughout the course of the weekend, BTC will likely edge closer to $16,000.
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Uniswap (UNI) 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this UNI/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Uniswap (UNI) rebounded in today’s session, snapping a two-day downtrend in the process.
UNI/USD hit a peak of $6.03 earlier in the day, which comes less than 24 hours after hitting a low of $5.74.
This surge comes as bulls rejected a breakout of a floor at $5.70 on Thursday, with the target now seemingly a resistance of $6.50.
In order to recapture this point, UNI traders will first need to overcome an upcoming ceiling on the RSI indicator.
As of writing, the index is tracking at 45.16, which is under its aforementioned resistance of 48.90.
Bulls will likely need to be cautious, as the momentum of the 10-day (red) moving average appears to still be bearish.
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LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS Hello, welcome to this LTC/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Litecoin (LTC) was a notable gainer on Friday, as the token surged by as much as 8% in today’s session.
Following a low of $60.29 on Thursday, LTC/USD raced to an intraday high of $63.61 earlier in the day.
As a result of today’s rally, litecoin moved close to a key resistance level, hitting its highest point since last Friday in the process.
Looking at the chart, prices did not yet collide with the aforementioned ceiling of $64.00, which was last broken ten days ago.
This comes as the 14-day relative strength index (RSI) hit a key resistance level of 57.00, leading earlier bulls to abandon their positions.
As of writing, LTC is now tracking at $62.77.
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