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Price action signals bullish momentum, volumes riseIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: BTC has been in a range-bound consolidation over the past few days. We are witnessing a rise in trading volumes, and the price action suggests that there could be a bullish breakout soon. However, there are a few pullback zones in the immediate vicinity. Market in the last 24hrs The past 24 hours remained fairly consolidated for the top cryptocurrencies. However, it was a fantastic day for altcoin lovers. Many of the altcoins including ADA shot up by almost 17%. Bored Ape Yacht Club’s Ape Coin continues its merry ride. Gaming tokens such as Axie Infinity, Smooth Love Potion (SLP), SAND, all shot up. Today’s Trend analysis The price action finally seems favourable for BTC at the moment. The 50-day MA line is acting as a support to the price. Moreover, if BTC manages to break out of the channel pattern, we could witness a good jump. The price has been consolidating for quite some time now. And considering the overall momentum in the market, we could likely be heading towards some bullish territory. $44,600 has been a strong resistance zone for quite some time now. If BTC falls back from this level yet again with good volumes, we could see a bearish move again. In such cases, it is always prudent to put stop losses and then take a position. Key levels to watch out for: - Major resistance level: $44,600 - Key support level: $40,900 ---------------------------------------------------------------------------------------- Price volatility remained very low at approximately 2%, with the day's range between $42,636 — $43492.2 Price at the time of publishing: $43,080.80 BTC’s market cap: $817.72 Billion On a daily time-frame: Out of 11 Oscillator indicators, 8 are neutral, 2 are bearish and 1 is bullish . Out of 15 Moving average indicators, 1 is 'NEUTRAL', 2 are bearish and 12 are bullish . Indicator summary is giving a ‘BUY’ signal on BTCUSD. Volumes have remained steady over the past few days. The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 24-hour candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Do give a follow if you liked the content. Keep supporting:) -Mudrex
BITSTAMP:BTCUSDLong
by Mudrex
3
Derivatives data confirms the volatility; brace up tradersIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: The market has been highly volatile over the past couple of weeks owing to the ongoing socio-political tussle. Both the weekly candles have large upside wicks signaling weakness in the price action. The derivatives data also points to a massive volatility with put to call ratios highly fluctuating. Market in the last 24hrs The past 24 hours have been another highly bearish session for the cryptocurrency market. The largest crypto has lost more than 7% and the total market cap dropped to $1.74 trillion. Today’s Trend analysis On the weekly timeframe, the present candle is having a large upside wick. Although there is a sign of forming higher lows, there is no confirmation being observed yet. The key resistance lies over the $41,500 mark and a massive support lies at $28,000. The only silver lining to the current volatility is for an investor. On a long term basis, there is only a marginal reduction in the price. However, for several traders, this has been nothing short of a nightmare. In the coming week, we can expect the volatility to continue. In such cases, it is always prudent to hedge the positions. Key levels to watch out for: - Major resistance level: $41,500 - Key support level: $28,600 - Nearest strong support: $34,000 ---------------------------------------------------------------------------------------- Price volatility remained very high at approximately 8.38%, with the day's range between $38,800 — $42054.2 Price at the time of publishing: $39,232.80 BTC’s market cap: $744.35 Billion On a weekly timeframe: Out of 11 Oscillator indicators, 7 are neutral, 3 are bearish and 1 is bullish . Out of 15 Moving average indicators, 1 is 'NEUTRAL', 9 are bearish and 5 are bullish . Indicator summary is giving a ‘SELL’ signal on BTCUSD . Volumes have remained consistently low over the past few days. The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 24-hour candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Do give a follow if you liked the content. Keep supporting:) -Mudrex
BITSTAMP:BTCUSD
by Mudrex
1
BTC nearing inflection point: brace up for volatilityIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: Over the last 10 days, we saw a lot of activity across financial markets. Cryptos, being the riskier asset class, witnessed a massive volatility. BTC had dropped below $35,000 and the entire crypto spectrum took a massive toll. However, there was a recovery soon after. BTC is currently hovering near the inflection point. The coming couple of days would be crucial. Market in the last 24hrs The past 24 hours remained mildly bearish for the cryptocurrency market. Traded volumes marginally dropped. Among the top 10 cryptos, Solana suffered the most after dropping almost 9%. Today’s Trend analysis On the daily timeframe, BTC is currently hovering close to the inflection point at $40,900- $41,000 level. This zone has acted as a crucial level multiple times over the past few months. There are two zones to look out for at the moment: Point of inflection The price action is currently in a channel pattern Over the coming couple of days, BTC would likely make a reversal or have a breakdown. Once the pattern is confirmed, it will be ideal for an entry. If it breaks down, the next support is near the $38,000 mark. If BTC takes support and moves higher, the long target would be closer to $45,000. ---------------------------------------------------------------------------------------- Price volatility remained moderate at approximately 4.2%, with the day's range between $40,800 — $42540.2 Price at the time of publishing: $41,432.80 BTC’s market cap: $790.56 Billion Out of 11 Oscillator indicators, 8 are neutral, 2 are bearish and 1 is bullish . Out of 15 Moving average indicators, 1 is 'NEUTRAL', 6 are bearish and 8 are bullish . Indicator summary is giving a ‘NEUTRAL’ signal on BTCUSD . Volumes have remained consistently moderate over the past few days. The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 24-hour candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Do give a follow if you liked the content. Keep supporting:) -Mudrex
BITSTAMP:BTCUSD
by Mudrex
1
Technicals point to a reversal soon, DCA a good option nowIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: Over the past few days, we saw the largest cryptocurrency by market capitalisation struggling quite a bit under the bearish dominance. We saw BTC dropping from over the $44,000 mark to $37,000. BTC is currently trading in a consolidation zone in which it was trading in May last year. Market in the last 24hrs The past 24 hours remained pretty bearish for the cryptocurrency market. Prices dropped rapidly across the spectrum. However, it was not a massive selloff nor the case of a bear market. A look at the trading volumes reveal that there was no major spike even during the drop. Today’s Trend analysis On the daily timeframe, BTC is currently trading in a consolidation zone in which it was previously trading during May- Aug last year. Traded volumes have remained low throughout this month. On the lower end, we can expect BTC to drop to $34,500. However, there seems to be buying interest at current prices. If we look at the VPVR (volume profile visible range), we can see that there has been increased interest at current prices. However, it might not be a prudent idea to jump into leveraged long positions on BTC now. There is still scope for the price to fall to around $34,500. Going for a dollar-cost averaging might be a prudent tactic now. BTC is still below the 50-day moving average line, which will act as a resistance if BTC attempts to move higher. Over the coming few days, BTC could likely make a dash towards the $40k mark. ---------------------------------------------------------------------------------------- Price volatility remained high at approximately 6.17%, with the day's range between $37,200.02 — $39494.2 Price at the time of publishing: $37517.80 ETH's market cap: $711.56 Billion Out of 11 Oscillator indicators, 8 are neutral, 2 are bearish and 1 is bullish . Out of 15 Moving average indicators, 1 is 'NEUTRAL', 14 are bearish and none are bullish . Indicator summary is giving a ‘STRONG SELL’ signal on BTCUSD . Volumes have remained consistently high over the past few days. The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 24-hour candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Do give a follow if you liked the content. Keep supporting:) -Mudrex
BITSTAMP:BTCUSD
by Mudrex
4
Upcoming Important Events in the Cryptocurrency Universe in 2022If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Don't you think 2021 was a big year for cryptocurrency? Many cryptos have gained, while others have lost their battle. On the other hand, significant crypto players such as Bitcoin, BNB, and Dogecoin have upgraded to boost their efficiency. Ethereum (ETH) After Bitcoin comes the world's second-largest cryptocurrency, Ethereum. As we all know, it has operated on a Proof-of-Work system until now. But it is soon going to upgrade itself to Proof-of-Stake. With PoS, the blocks can be assigned randomly, significantly reducing energy consumption and being environmentally friendly. The transition to ETH 2.0 has been in the works for quite some time now. EIP 1559, as part of the London Hard Fork upgrade, made Ether a deflationary asset and brought it closer to ETH 2.0. The ETH's current execution layer will be ported over to the incoming PoS consensus layer and supported by the clients currently in charge of the Eth1. Interacting with ETH will remain incredibly similar post-Merge too. The Ethereum Virtual Machine remains an enigma to people with a high level of programming skills. To address this, ETH 2.0 will be using web assembly language in a system called eEASM. With great improvement, it can execute Ethereum app code right in today’s web browser. Since one of the major issues with ETH is its high gas fees, the cost can significantly fall with this upgrade, encouraging many projects to build on the ETH blockchain. Other benefits would be concerning the impending upgrades such as sharding, rollups, and call data improvements after the Merge, which will focus on increasing scalability without compromising decentralization. Cardano (ADA) Do you remember Cardano’s software engineer Sebastian Nagel estimated the release date for IOHK's Hydra upgrade would happen between 6 and 12 months? If that comes out true, it is most likely that ADA can be upgraded in 2022. It would do wonders for the crypto's price, which lost about 57% of its value in 2021. By the way, what does Hydra do? It can give ADA a massive processing speed. For instance, the world's leading payments network, Visa, can process 15,000 transactions per second, while with this upgrade Cardano network can process up to 1 million transactions per second. It is an enormous step towards scalability. XRP (XRP) As we all know, XRP is the native cryptocurrency for products that Ripple Labs develop. It uses a distributed consensus ledger using a network of validating servers and crypto tokens called Ripples or XRP. The most impactful event that Ripple will have in 2022 concerning the lawsuit with the SEC. If the verdict favors XRP, then the crypto price can increase drastically. On the other hand, Ripple has also announced a few more partnerships that should come online in 2022, one among those could be with LuLu Exchange. It will use RippleNet for making payments between the UAE and Pakistan. Another significant project would be the Ripple Liquidity Hub, which is set to launch this year. You can find the best cryptocurrency prices from a variety of sources. Terra (LUNA) Last year was an excellent start for Terra. The crypto team has been developing innovative features to provide the best metaverse experience for all its users. Terra is all set to launch its Metaverse Alpha Version in 2022. The version is still under testing. The main goal is to open it for early access with an implemented video conference function. Terra's team is also working on the early access ticket sale with limited NFT editions. Polkadot (DOT) Polkadot is rolling out to be the most robust platform for scalability, security, and innovation. DOT is now working on Parachain Rollout. Parachains are the diverse individual layer-1 blockchains that run parallel on Polkadot, connected to the Polkadot Relay Chain, and secured by the Relay Chain's validators set. Polkadot's cross-chain composability allows any data or asset to be sent between parachains, opening up many new use cases and applications. Let's hope to see this new upgrade launching in 2022. Avalanche (AVAX) Avalanche is an open-source platform for launching highly decentralized applications, new financial primitives, and interoperable blockchains. It is the fastest blockchain in the industry by time to finality and has compatibility with the ETH smart contracts. Even though Avalanche is the fastest level-scaling contract in the market, its team is now working on more scaling solutions to make it even faster. This upgrade of the Avalanche protocol can make it even quicker. With an increasing number of projects on the Avalanche network, the value of the Avalanche token is likely to increase in 2022. Final Words World entering the new era of metaverse cryptocurrencies will hold great promise having various benefits. We are sure that these upgrades will boost efficiency and attract people to invest in cryptocurrencies. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- More details can be found on the Mudrexofficial reddit page
CRYPTOCAP:TOTALEducation
by Mudrex
1
Bullish signs for medium term | DCA good approach going forwardIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: After the recent recovery following the previous selloff, the crypto blue chips, Bitcoin and Ethereum, are looking strong. ETH looks solid with healthy trading volumes. Top cryptos have bounced back a bit into green following the news of the Russian government deciding to regulate cryptos rather than banning them. The next support for ETH lies at around $3600. Market in the last 24hrs The last 24 hours witnessed a modest up move across the crypto spectrum. Although traded volumes dropped with traders being in the caution mode, the market managed to retain its support. Today’s Trend analysis ETH has recently broken out of a consolidation and started to move higher. With the traded volumes remaining fairly high, the largest altcoin recently had a golden crossover. On the daily timeframe, it seems that ETH has the potential to touch the $3600 mark. However, the latest candle seems to be forming a Doji. If that happens, we need to wait for one more day to check the next candle before making an entry. Doji at the end of a rising trend could invalidate the bull run and take a reversal. Therefore, the best option right now is to DCA on Ether. Price volatility remained moderate at approximately 4.08%, with the day's range between $3155.81 — $3284.75 Price at the time of publishing: $3244.80 ETH's market cap: $387.56 Billion Out of 11 Oscillator indicators, 6 are neutral, 3 are bearish and 2 are bullish. Out of 15 Moving average indicators, 1 is 'NEUTRAL', 5 are bearish and 9 are bullish . Indicator summary is giving a NEUTRAL signal on ETHUSD . Volumes have remained consistently high over the past few days. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4 hour candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Keep supporting:) -Mudrex
COINBASE:ETHUSD
by Mudrex
4
Correlation with the equity markets still troubling cryptoIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: It has been an absolute bloodbath across the cryptocurrency spectrum over the past few days. We saw BTC and ETH dropping to approx. $33,000 and $2100 respectively. Retail traders and investors seemed to rush for cover. Market in the last 24hrs It has been quite a volatile market over the past 24 hours. The market seemed to be hitting new lows every hour, after a period of massive volatility. However, following the recovery across the stock market, the cryptocurrency market imitated the same move. The traded volumes also shot up almost 40%. Today’s Trend analysis On a weekly time frame, we can see that both BTC and ETH are very close to the weekly support zones. For BTC, the support zone lies between $28,800 to $31,500. For ETH, the weekly support level lies at $1800- $1900. If this level breaks, we could see BTC heading towards $27k and ETH hitting $17k. Needless to say, both would be available at a bargain. However, we are seeing a quick reversal on a smaller time frame at the moment. Although this might be the beginning of a recovery or simply a dead cat bounce. On the technical front, we do see a double-top formation, which is again a bearish pattern. In that case, we could expect a further dip in the coming times. The ongoing cryptocurrency crash isn’t being caused by something crypto specific. Financial markets are crashing across the board. Unfortunately, crypto is still quite correlated with the stock market, and anything that happens there will eventually affect the crypto market. Fears over the Federal Reserve increasing interest rates have kept financial markets on their toes. and the answer seems to be China. Property developers in China have started to implode, and this has driven the Chinese central bank to lower interest rates in an attempt to push domestic markets higher. This is a pretty big deal because China had previously stated that they would do nothing of the sort. While we do believe that the cryptocurrency market could go lower from here, that doesn’t mean the market is dead. With several institutions raking in billions of dollars, it is a good buying opportunity. A look at the on-chain metrics clearly shows that the whales are continuously buying the dip right now. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 24-hour candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Do give a follow if you liked the content. Keep supporting:) -Mudrex
BITSTAMP:BTCUSDEducation
by Mudrex
12
Expect a range bound consolidation for the short termIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: BTC is moving in a range-bound territory over the past ten days. BTC dominance is below the 40% mark. This is a good time to hold on to your horses before jumping into taking positions. Market in the last 24hrs It was a fairly muted past 24 hours for the crypto market. The traded volumes were low and there were not many aggressive market moving orders. Today’s Trend analysis On a daily time frame, we can see that the traded volumes are continuously declining for BTC. Since traded volumes are low, a few large orders can significantly impact the price movement. From a technical standpoint, the price action is following a trendline pattern. If the price faces stiff resistance around $43,000, BTC could likely be heading towards $39,000. Moreover, BTC also faces another trendline resistance at $45,000. A major bump in buying volumes would be able to take BTC over the $45,000. As per the prevailing market conditions, the momentum seems consolidated over the past week.The most prudent choice would be to stay put right now, and wait for some time for the market to put on a directional momentum. It’s best to avoid leverage under such market conditions and always use a stop-loss. Traders who enter into trades considering a good risk : reward setup, end up being profitable in the long run. Price volatility remained significantly low at approximately 2.06%, with the day's range between $42,337.06 — $43,209.40. Price at the time of publishing: $42,671.80 BTC's market cap: $807 billion Out of 11 Oscillator indicators, 9 are neutral, none are bearish and 2 are bullish. Out of 15 Moving average indicators, 1 is 'NEUTRAL', 13 are bullish and 1 is bearish. Indicator summary is giving a ‘ SELL ’ signal on BTCUSD . Volumes have remained low in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 24-hour candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Do give a follow if you liked the content. Keep supporting:) -Mudrex
BITSTAMP:BTCUSD
by Mudrex
10
Assess the undervalued and overvalued cryptos | On-chain metricsImagine having a tool that helps one predict whether an asset is undervalued or overvalued. The price to earnings ratio is an incredibly powerful tool that is used for valuing the worth of a stock. If the P/E of a company’s stock is 50, it means that investors are willing to pay $50 for every $1 earnings of the company. However, with crypto, there cannot be a proper P/E ratio, as it is a commodity. A lot of people use the market capitalization to gauge the worth of a cryptocurrency. This is a flawed approach because mcap can be gamed, and is usually very common in the crypto spectrum. A token can be created with a circulating supply of 10 billion and a few coins sold at $1 means the market cap is $10 billion — but the coin could only have a trading volume of $1000. Because of the flaws in the market cap approach, there needed to be some other technique to help traders and investors to accurately assess the health of blockchain networks. Use of on-chain metrics is a great tool to gauge the worth of a crypto project. One of the first widely used, on-chain metrics that was developed for cryptocurrencies was the Network Value to Transaction (NVT) ratio, popularised by CoinMetrics. By comparing the value of the network with the volume of transactions recorded on the blockchain, we can identify when a cryptocurrency is overvalued. When the value of the network is not justified by the volume of transactions, the NVT ratio is relatively high. When considering the transaction volume, if the network value is unusually low then it may suggest that a higher valuation is justified. Two important on-chain metrics to watch are: the number of active addresses and the number of transactions which are two proxies for the demand for (and usage of) a blockchain network. We can examine the length of time an address has not moved the crypto using the on-chain metrics. If a rising number of investors are HODLing, then we can presume that circulating supply is lower, which should increase the price if demand is constant and also points to confidence in the asset’s future performance. Another interesting metric that can be used to gauge the long -term aspect of a token is the amount of value staked to support the network. It is also known as Total Value Locked or TVL, and can be used to deduce whether people support the project for the long-term.
BITSTAMP:BTCUSDEducation
by Mudrex
6
DOGEUSD(1D): DOGE continuing it's bearish momentumMarket in the last 1 week DOGEUSD moving in an overall downward momentum along with the lower Bollinger band. This could also be backed by the low daily trading volume suggesting that traders are not confident in the asset at the moment. Trading volume has been on the lower side of the spectrum for about some time which might have led to the current bearish momentum. Next Week's Trend analysis The price seems to have accepted the lower Bollinger band as a support line which could indicate a consolidated movement with a slight indication of bearish momentum. The price is expected to continue this motion until it moves above the middle Bollinger band. The price change was high at approximately 17.2 %, with the week's range between $0.193 — $0.262. Price at the time of publishing: $0.206 DOGE’s market cap: $27.22 Billion However, the Indicator summary is giving a 'SELL' signal on DOGEUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal. Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:DOGEUSDShort
by Mudrex
6
ETHUSD(4Hr) : ETH back to testing 4K markMarket in the last 24 hours The price saw a major downtrend in the last 24 hours with the price moving from the middle to the lower Bollinger band. Trading volume has been relatively high in the last 24 hours. Next 24 hours Trend analysis The recent green tick seems to indicate that the price has accepted the bottom Bollinger band as a support line suggesting a slight bullish momentum. This will also be supported if the trading volume doesn't drastically change. The price change was high at approximately 3.98%, with the day's range between $3971 — $4344. Price at the time of publishing: $4075 ETH’s market cap: $483 Billion However, the Indicator summary is giving a 'STRONG SELL' signal on ETHUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal. Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:ETHUSD
by Mudrex
3
XRPUSD(4H): Ripple oscillating above 1$Market in the last 24hrs The price can be seen moving sideways as it seems to have accepted the bottom Bollinger band as a support line. Trading volume has been high in the last 24 hours. Today’s Trend analysis The price is expected to continue to oscillate between the middle and the lower Bollinger band till we see some drastic changes in the volume or some other fundamental factors. Price volatility was extremely low at approximately 0.95%, with the day's range between $1.07 — $1.11. Price at the time of publishing: $1.1 XRP’s market cap: $51.55 Billion However, the Indicator summary is giving a 'SELL' signal on XRPUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 12 are giving SELL signal, 1 is giving neutral and 2 are giving a BUY signal. Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:XRPUSDLong
by Mudrex
1
ETHUSD(1D): ETHUSD daily touching a major support linesMarket in the last 1 week The price saw a major downward trend as it moved from the upper to the lower Bollinger band. The rice reached another support trend line. Trading volume has been very high in the last 1 week. The volume can be seen increasing with an increase in price suggesting that the bearish momentum is strong and most likely will continue until we see a drop in the daily trading volume. Next Week's Trend analysis The price is expected to move in the overall bullish momentum as the current price is near 2 major support lines. If the price rejects the support lines then we will continue to see a major downtrend. The price change was high at approximately17.2 %, with the week's range between $4144 — $4860. Price at the time of publishing: $4308 ETH’s market cap: $510 Billion However, the Indicator summary is giving a 'SELL' signal on ETHUSD. Out of 11 Oscillator indicators, 3 are giving a SELL signal, 8 are neutral and 0 are giving a BUY signal. Out of 15 Moving average indicators, 8 are giving SELL signal, 1 is giving neutral and 6 are giving a BUY signal. Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:ETHUSDLong
by Mudrex
1
Market due for a correction soon| Keep a track on the money flowIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: BTC is moving in a range-bound territory over the past few days. BTC dominance is just above the 42% mark. Although the overall momentum in the crypto market is bullish currently, BTC could likely have a correction soon. Market in the last 24hrs It was a fairly muted past 24 hours for the crypto market. The traded volumes were low and there were not many aggressive market moving orders. Today’s Trend analysis On a daily time frame, we can see that the traded volumes are continuously declining for BTC. Since traded volumes are low, a few large orders can significantly impact the price movement. BTC was in a similar territory during the first week of October, where traded volumes were low and the money flow kept going up aggressively. It made the market move linearly higher. However, it could be a different situation currently. The overall market has moved significantly higher. If the money starts flowing out even at a low pace, the lack of volumes could significantly drag BTC lower. It’s best to avoid leverage under such market conditions and always use a stop-loss. Traders who enter into trades considering a good risk : reward setup, end up being profitable in the long run. Price volatility remained significantly low at approximately 1.69%, with the day's range between $65,281.36 — $66,387.40. Price at the time of publishing: $65,903.80 BTC's market cap: $1.24 trillion Out of 11 Oscillator indicators, 9 are neutral, 1 is bearish and 1 is bullish. Out of 15 Moving average indicators, 1 is 'NEUTRAL', 14 are bullish and none is bearish. Indicator summary is giving a ‘ BUY ’ signal on BTCUSD . Volumes have remained low in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 24-hour candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Do give a follow if you liked the content. Keep supporting:) -Mudrex
BITSTAMP:BTCUSD
by Mudrex
17
DOGEUSD(4Hr) : DOGE expected to continue to consolidateMarket in the last 24hrs The price can be seen moving sideways between the middle and the upper Bollinger band. Trading volume has been high in the last 24 hours. Today’s Trend analysis The price is expected to continue the sideways momentum until we see a sudden change in volume or any other fundamental factors. Price volatility was low at approximately 0.34%, with the day's range between $0.26 — $0.265. Price at the time of publishing: $0.262 DOGE’s market cap: $34.67 Billion However, the Indicator summary is giving a 'BUY' signal on DOGEUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 4 are giving SELL signal, 1 is giving neutral and 10 are giving a BUY signal. Trading volume has been very high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:DOGEUSD
by Mudrex
2
DOGEUSD(4hr): Doge consolidating Market in the last 24hrs The price can be seen moving between the middle and the bottom Bollinger band. Trading volume has been high in the last 24 hours and has been moving sideways suggesting a consolidated momentum. Today’s Trend analysis The price is expected to continue to oscillate between the middle and the bottom Bollinger band. Price volatility was high at approximately 6.82%, with the day's range between $0.25 — $0.27. Price at the time of publishing: $0.262 DOGE’s market cap: $34.56 Billion However, the Indicator summary is giving a 'SELL' signal on DOGEUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal. Out of 15 Moving average indicators, 12 are giving SELL signal, 1 is giving neutral and 2 are giving a BUY signal. Trading volume has been very high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:DOGEUSD
by Mudrex
2
XRPUSD(4Hr): XRP moving bullishMarket in the last 24hrs The price seems to oscillate on the middle Bolliger band as it moves sideways. Trading volume has been very high in the last 24 hours. The trading volume can be seen decreasing suggesting uncertainty among investors which can be seen in the consolidated momentum of the price. Today’s Trend analysis The price is expected to move in a slight bullish momentum as the price can be seen moving above the middle Bollinger band suggesting a slight bullish momentum. Price volatility was extremely moderate at approximately 4.61%, with the day's range between $1.08— $1.15. Price at the time of publishing: $1.27 XRP’s market cap: $60.06 Billion However, the Indicator summary is giving a 'STRONG BUY' signal on XRPUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 are giving a BUY signal. Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:XRPUSDLong
by Mudrex
2
BTCUSD(4Hr): BTC touched a new ATH within 1 monthMarket in the last 24 hours BTCUSD saw a new ATH this month as it gained nearly 4K$ in the last 24 hours as the price continuously rejects the upper Bollinger band as a resistance line. Trading volume has been moderate in the last 24 hours but the trading volume can be seen decreasing with an increase in price suggesting a correction is imminent. Next 24 hour's Trend analysis The price is likely to see some consolidation with a hint of bullish momentum as we some correction and the price moves between the upper and the middle Bollinger band. The price change was high at approximately 5.44%, with the week's range between $62866 — $66517. Price at the time of publishing: $66,208 BTC’s market cap: $1.25 Trillion Moreover, the Indicator summary is giving a 'BUY' signal on BTCUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 7 are neutral and 3 are giving a BUY signal. Out of 15 Moving average indicators, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal. Traded volume has remained high in the past 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4-hour candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITSTAMP:BTCUSDLong
by Mudrex
6
XRPUSD(4Hr): XRP has settled over 1$Market in the last 24hrs The price has had a gradual bullish momentum from the middle to the upper Bollinger band in the last 24 hours. Trading volume has been high in the last 24 hours and can be seen increasing indicating consumers confidence which also could be the cause of the increase in price. Today’s Trend analysis The price is expected to continue to move in a bullish momentum till the price expects the upper Bollinger band as a resistance line after which it is expected to oscillate between the upper and the middle band. Price volatility was extremely moderate at approximately 4.61%, with the day's range between $1.08— $1.15. Price at the time of publishing: $1.14 XRP’s market cap: $53.55 Billion However, the Indicator summary is giving a 'STRONG BUY' signal on XRPUSD. Out of 11 Oscillator indicators, 0 are giving a SELL signal, 9 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 are giving a BUY signal. Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:XRPUSDLong
by Mudrex
2
DOGEUSD(4Hr): DOGE moving sideways with an indicating bearishMarket in the last 24hrs The price can be seen moving along the middle Bollinger band in a consolidated movement with a slight indication of bearish momentum. Trading volume has been low in the last 24 hours which could also be the reason for the consolidated momentum of the price that can be seen. Today’s Trend analysis The price is expected to continue to move in a bearish momentum till it reaches the lower Bollinger band after which a consolidated momentum is expected as the price oscillates between the middle and the upper Bollinger band. Price volatility was low at approximately 0.65%, with the day's range between $0.264 — $0.286. Price at the time of publishing: $0.271 DOGE’s market cap: $35.72 Billion However, the Indicator summary is giving a 'SELL' signal on DOGEUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 8 are giving SELL signal, 1 is giving neutral and 6 are giving a BUY signal. Trading volume has been very high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:DOGEUSDShort
by Mudrex
4
ETHUSD(4Hr): ETH reaches a new All Time High!!!!!!!!!!!!!!!!!!!!Market in the last 24 hours The price saw a bullish momentum as it moved from the middle to the upper Bollinger band. ETHUSD saw a new ATH. Trading volume has been high in the last 24 hours. Next 24 hours Trend analysis As the price touched a new ATH as well as reached the upper Bollinger band which act as a strong resistance line, a correction is most likely will take place and the price is expected to consolidate till it reaches the middle band after which a continuation of bullish momentum is expected. The price change was high at approximately 6.08%, with the day's range between $4113 — $4401. Price at the time of publishing: $3965 ETH’s market cap: $512 Billion However, the Indicator summary is giving a 'BUY' signal on ETHUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal. Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:ETHUSDLong
by Mudrex
1
XRPUSD(4Hr): XRP still hovering above 1$Market in the last 24hrs The saw a bullish momentum as it moved form the bottom to the middle Bollinger band. Trading volume has been very high in the last 24 hours. Today’s Trend analysis Since the price is nearing the middle Bollinger brand which is a strong resistance line thus if the price accepts it then XRP will most likely oscillate between the middle and the lower Bollinger band else the price is likely to continue to move in a bullish momentum till it reaches the upper band. Price volatility was extremely low at approximately 3.41%, with the day's range between $0.98 — $1.08. Price at the time of publishing: $1.05 XRP’s market cap: $49.57 Billion However, the Indicator summary is giving a 'SELL' signal on XRPUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 11 are giving SELL signal, 1 is giving neutral and 3 are giving a BUY signal. Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:XRPUSD
by Mudrex
ETHUSD(4Hr) : ETH expected to see a sideways momentumMarket in the last 24 hours Price saw a sideways movement with a slight indication of a bearish momentum as it moved below the middle Bollinger band. Trading volume has been high in the last 24 hours. Next 24 hours Trend analysis The price is expected to see a downward momentum till it reaches the bottom Bollinger band after which it is expected to oscillate between the middle and the bottom Bollinger band. The price change was moderate at approximately 3.6%, with the day's range between $3908 — $4163. Price at the time of publishing: $3965 ETH’s market cap: $468 Billion However, the Indicator summary is giving a 'NEUTRAL' signal on ETHUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal. Out of 15 Moving average indicators, 7 are giving SELL signal, 1 is giving neutral and 7 are giving a BUY signal. Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:ETHUSD
by Mudrex
2