ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) traded above its own support point at 1,850 on Friday, as the cryptocurrency continued consolidating.
ETH/USD dropped to a bottom at 1,855.32 earlier in today’s session, a day after peaking at 1,878.43.
The price consolidation comes as the RSI failed to move above a current resistance level of 48.00.
As of writing, the index is on the cusp of crossing this line, however, momentum is still relatively weak.
There could likely be a spark later in the day, depending on how traders react to the University of Michigan Consumer Sentiment report.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) continued to trade above the 29,000 mark on Friday, despite bearish pressure intensifying in today’s session.
After hitting a high of 29,520.71 on Thursday, BTC/USD dropped to an intraday low of 29,099.35 earlier in the day.
The move saw bitcoin briefly fall below a support point at 29,200, however, prices have since climbed back above this point.
This latest slippage comes as the 10-day (red) moving average continued its downward cross versus its 25-day (blue) counterpart.
In addition to this, the relative strength index (RSI) neared a breakout below a floor at 41.00, however, it has so far avoided this.
Should this occur, BTC's next possible destination could be 28,000.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) was another big mover, surging above 2,000 in today’s session, which came as a result of the Ripple news.
Following a low of 1,878.81 on Thursday, ETH/USD jumped to an intraday high of 2,026.20 earlier in the day.
the world’s second-largest cryptocurrency recorded its strongest level since April 19.
A downward crossover of moving averages also failed to materialize, with momentum now back in the hands of bulls. Ethereum’s RSI failed to break out of a ceiling at 65.00, with the index now at a reading of 63.02.
ethereum is trading at $1,933.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- BTC/USD peaked at 31,814.51 late on Thursday, after trading at a low of 30,486.69 earlier in the day.
Yesterday’s peak is the most vital point Bitcoin has hit since late May last year, the last time price was over 32,000.
BTC has since declined, as traders move to secure gains, resulting in the price now trading at 31,208.15.
This comes as the relative strength index (RSI) failed to break a ceiling of 66.00, and is now tracking at 62.62.
Today’s move also averted a downward crossover between the 10-day (red) moving average and its 25-day (blue) counterpart.
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SOL/USDT 1DAY UPDATE !!Hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Solana (SOL) moved past the 20.00 level earlier in the day, hitting a one-month high in the process.
SOL/USD surged to an intraday high at 20.32, which comes after falling to a bottom at 18.50 the day prior.
This rally has resulted in the world’s ninth-largest cryptocurrency hitting its highest level since June 6.
SOL has since slipped, with bulls unable to sustain a breakout of the 20.00 price point.
This was in part due to the RSI failing to breach its own resistance zone, which was around 61.00.
SOL’s price strength is now sitting at 57.72 and appears to be heading for a lower floor near the 52.00 area.
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BCH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BCH/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin cash (BCH) rallied back above 300.00 on Thursday, prior to the global crypto market moving to consolidate.
Following a low of 250.23 on Thursday, BCH/USD jumped to an intraday peak at 300.85 earlier in the day’s session.
As a result of the rally, the price moved to its strongest point since the start of the week, and closer to a recent 15-month high.
Earlier gains have now been erased, with BCH falling to a current reading of 279.71 as of writing.
One of the catalysts for this is the fact that the relative strength index (RSI) moved closer to a ceiling at 73.00, after bouncing from a floor at 70.00.
The index is now tracking at 71.69, and will likely consolidate around this area for the remainder of the day.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) slipped in today’s session, falling below 1,950.
ETH/USD dropped to a bottom at 1,949.15 earlier in the day, less than 24 hours after peaking at 1,974.78.
The world’s second-largest cryptocurrency has since rebounded and is once again closing in on a multi-month high.
ETH bulls will need to take price strength above an upcoming ceiling at the 64.00 zone.
Currently, the RSI has a reading of 62.59, which is its highest level since April 19, when the price was above 2,100.
Some believe that ETH could head back toward this point in the coming weeks.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) moved closer to a fresh one-year high on Tuesday, as U.S. markets closed to celebrate the July 4th holiday.
Following a low of 30,586.51 to start the week, BTC/USD raced to an intraday peak of 31,375.61 earlier in the session.
The move saw Bitcoin edge closer to last Friday’s high at 31,443, its most vital point since June last year.
Earlier momentum has since faded, as the relative strength index (RSI) collided with a resistance level at 70.00.
tracking at 68.43 and appears to be heading for a support point at the 66.00 mark.
there is a strong possibility that Bitcoin will be trading around the 30,500 level.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) rebounded from recent losses on Tuesday, ahead of the upcoming U.S. consumer confidence report.
The Conference Board expects its index to rise to a reading of 104.0 in June, up from 102.3 the month prior.
BTC/USD rose to an intraday high of 30,751.19 on Tuesday, following a low at 29,955.74 to start the week.
The move appears to have occurred as the 14-day relative strength index (RSI) bounced from a support point of 68.00.
As of writing, the index now sits at a reading of 70.17, which is once again in overbought territory.
A barrier at 73.00 is now the next visible ceiling, and unless bulls break out of this point, BTC will likely move back below 30,000.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) moved marginally lower to start the week, as its price fell below the 31,000 mark on Monday.
BTC/USD dropped to an intraday low of 30,042.38 earlier in the day, which comes after the price peaked above 31,000 on Sunday.
Today’s slippage sees bitcoin decline for a third straight day and comes as the relative strength index (RSI) moved into overbought territory.
hit a peak of 72.92, which was not only near a ceiling of 73.00 but also its highest point since late January.
This reading prompted bears to enter the market again, pushing the RSI down to a current reading of 68.81.
68.00, and if this support point is broken, there is a good chance that BTC slips below 30,000.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) also made significant gains on Thursday, rising above 1,900 in the process.
Following a low at 1,812.37 on Wednesday, ETH/USD surged to an intraday high of 1,932.07 earlier in today’s session.
This was the highest level that ethereum had hit since May 6, which is the last time price was over 2,000.
Today’s rally also pushed the RSI to a resistance level at 61.00, a point that it has so far been unable to move past.
the index is now tracking at 60.79, with earlier bulls opting to secure some gains, resulting in a drop in price.
ETH is now trading at 1,882.95.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin moved above the 30,000 level in today’s session, ahead of a testimony by the chair of the Federal Reserve, Jerome Powell.
Powell will be speaking today for the first time since the Fed’s decision to keep interest rates unchanged in June.
BTC/USD hit a peak at 30,737.33 earlier in the day.
This is the strongest point that Bitcoin has hit since April 14, when the price reached a top at 31,050.
Another major catalyst for the move was a crossover of moving averages (MA), with the 10-day (red) MA, moving above its 25-day (blue) counterpart. the relative strength index (RSI) has also marginally broken out of a ceiling at 70.00 and is now tracking at 70.88.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) was marginally in the green in today’s session, with price hovering close to a recent support point.
ETH/USD hit an intraday peak of 1,748.64 earlier in the day, before retreating to a low less than 24 hours after climbing from a floor at 1,705.81.
ethereum has slipped back to a support point at 1,725, a point where it has consolidated for the past four days.
this retreat occurred as the RSI ran into a ceiling of its own at the 44.00 mark.
the index now sits at the 42.21 mark, and appears to be heading to a lower floor at 40.00.
Should strength fall below that mark, there is a good chance that ETH will drop below 1,700 in the coming days.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin rose to a two-week high on Tuesday, as bullish sentiment made a gradual return to the marketplace.
Following a low of 26,338.54 to start the week, BTC/USD rose to an intraday high of 27,147.47 on Tuesday.
bitcoin rose to its strongest point since June 7, when it peaked at 27,402.
it appears that today’s rally coincided with the relative strength index (RSI) also breaking out of a ceiling of its own at the 50.00 mark.
Price strength now stands at 51.71 with the next visible resistance level at 57.00.
In the event bulls are able to send the index to this point, there is a good chance that BTC will be above 28,500.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) also rebounded strongly to start the weekend, days after falling to a three-month low
Following a low of 1,653.17 on Friday, ETH/USD raced to an intraday peak at the 1,766.76 level earlier today.
ETH fell to a bottom at 1,620 on Thursday, which was the weakest point that the price had hit since March 13.
a breakout of the RSI was one of the triggers of the move, with price strength climbing past a ceiling of 41.00.
The index is currently at a reading of 43.79, with the next resistance level at the 50.00 mark.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) surged on Saturday, as bulls of the cryptocurrency moved to buy the recent dip in price.
BTC/USD rose to a high of 26,769.39 to start the weekend, which comes less than a day after trading at a low of 25,245.36.
The move pushed the price to its highest point since May 8, a day when the price was at a peak of 26,820.
Looking at the chart, the rally came when the 14-day relative strength index (RSI) finally broke out of a key ceiling at 43.00.
the index is tracking at 50.55, which is close to a new resistance at the 51.00 level.
Traders are likely targeting the 27,300 level and could hit this if the momentum continues to be bullish this weekend.
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ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) moved marginally higher, however, it continued to trade below 1,800.
ETH/USD jumped to a high of 1,757.89 earlier in today’s session, which comes a day after the price was at a bottom of 1,723.09.
The latest surge came as bulls took charge at a floor of 1,730, with the RSI bouncing from a floor of its own at 38.00.
price strength is tracking at 39.33, with the next visible point of resistance being 43.00.
Should the index move beyond the aforementioned ceiling, there is a strong possibility that ETH will climb to 1,800.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ahead of the upcoming inflation report in the United States, bitcoin (BTC) moved back above the 26,000 level.
Following a low of 25,686.04 to start the week, BTC/USD raced to a peak of 26,261.14 earlier today.
The move saw Bitcoin near a recent resistance level at 26,300,
one of the last hurdles stopping bulls from moving toward 27,000
In order to get towards this level, a ceiling on the relative strength index (RSI) will also need to be broken.
47.00 level on the indicator, and as of writing, price strength is currently tracking at 44.02.
The 10-day (red) moving average will need also to shift course, and divert away from its current downward path.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) started the weekend trading below 26,000, as traders continued to react to the fallout of the SEC’s cryptocurrency crackdown.
The latest domino to fall came from Robinhood, which moved to delist several altcoins from its platform, including Solana and Cardano.
BTC/USD fell to an intraday low of 25,502 in the news, a day after the price peaked at 26,770.
the latest downturn came as the 14-day relative strength index (RSI) fell toward a floor at 39.00
the index is tracking marginally above this point at 40.06.
In addition to this, the 10-day (red) moving average has extended its low cross versus its 25-day (blue) counterpart, putting further emphasis on the current bearish sentiment.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) moved marginally higher during Friday’s session, as the focus for traders begins to be next week’s Fed rate decision.
Following a low of 26,339.32 on Thursday, BTC/USD jumped to an intraday peak of 26,797.51 earlier today.
The move comes as bulls bounced from a price floor at 26,300, with a ceiling at 27,200 now a potential target.
In order to get closer to this point, the 14-day relative strength index (RSI) will need to move past a ceiling at 47.00
the index is tracking at 46.21, with bitcoin trading around the 26,600 level. the 10-day (red) moving average remains in a downtrend, following a cross with its 25-day (blue) counterpart.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) edged lower in today’s session, a day after prices neared a breakout above the 1,900 level.
Following a high of 1,896 on Wednesday, ETH/USD dropped to an intraday low of 1,822.30.
ethereum moved below a key support point of 1,830, before bulls moved to stabilize this level.
it appears that bulls decided to reenter the market as the RSI found its own floor at 47.00.
Currently, the index is at a reading of 48.52, which is marginally below a ceiling at 49.00.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) consolidated during Thursday’s session, as market volatility remained high ahead of next week’s Federal Reserve interest rate decision
BTC/USD slipped to a low of 26,146.99 earlier in the day, which comes less than 24 hours after trading at 26,897.25.
Today’s move saw the world’s largest cryptocurrency briefly break out of a key support point at 26,300.
BTC bulls have moved to buy the dip in price, with the cryptocurrency now once again above this floor.
This comes as the relative strength index (RSI) pivots from a recent free fall, and is now en route to a ceiling at 47.00.
the index is tracking at 44.87, which comes as the 10-day (red) moving average fell below its 25-day (blue) counterpart.
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PEPE/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this PEPE/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Pepe (PEPE), which is known for being a deflationary meme coin, rose by over 13% in today’s session.
Following a low of 0.0000009764 on Tuesday, PEPE/USD made a move to a peak of 0.000001257 earlier today.
pepe briefly broke out of a price ceiling at 0.000001200, however was unable to sustain the move.
the coin is currently trading at 0.000001135, which comes as the relative strength index (RSI) sits below its own ceiling.
The index is tracking at 49.15, which is marginally below a key level of resistance at the 53.00 mark.
Should bulls push past this point, there is a good chance that PEPE will make another move above 0.000001200
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