DestinationMoonCrypto

DestinationMoonCrypto

Price Price movement continues in a lateral pattern, finding support slightly lower than $4000 at the $ 3900 level. Last week pattern could be identified as a lateral as price yet managed to push up from the $3900 several times; though price average and local peaks gradually lowering indicating domination of sellers. Leaning downward price and weakness of the...

DestinationMoonCrypto

Price The movement continues in a lateral channel between $4000 and $4300 levels. The fact that the price is holding above $4000 and Bearish Trend Line adds to the possible turnaround formation. Furthermore, the lateral movement above $4000 could be the formation of the right shoulder of the reversed head and shoulders formation, with the head at $3500 and left...

DestinationMoonCrypto

Price The market has shown the first positive signs after a fall by breaking above the Bearish Trend Line. The next resistance is the $4300 – $4500 zone, overcoming of which will add more points to the bottom-reversal scenario. Otherwise, for now, this upward movement could be valued as a correction of the oversold market. For today: $4000 and Bearish Trend Line...

DestinationMoonCrypto

Price Movement along $3500 level continues, confirming it’s supportive nature. Still, Bearish Trend Line and $4000 level are unbroken, thus the pattern stays bearish. $4000 level and Bearish Trend Line needs to be pierced to lay the foundation of reversal. $3000 level is seen as possible bottom by many traders, so, the $3500 – $3000 zone should play as a...

DestinationMoonCrypto

Price One more testing of the $3500 support level, the level withstood and pushed the price above for now. Still, reduce in the downwards momentum and lateral movement along $3500 level doesn’t mean much, to consider an end of the fall we need to see the price above Bearish Trend Line, crossing of the $4500 level would be confirming the turnaround. In the case of...

DestinationMoonCrypto

Price The fall continues, BTCUSD did not manage to hold on above the $4000 and the price broke the support during the weekend. Despite that the price showed a rebound from $3500 level, as long as we stay below $4000 the pattern is 100% bearish. On the way down we have support level $3500 and psychological level at $3000. Bearish Trend Line and $4000-$4500 zone...

DestinationMoonCrypto

Price Yesterday passed without major fall-downs, in restoration from the $4300 to $4500 level. Today, for now, is undergoing a low volatility and the price seems to be reacting on the $4500 level as a support, though it needs to be confirmed. Bearish Trend Line, the crossing of which should show the end of the sharp-fall pattern, is in two days of the lateral...

DestinationMoonCrypto

Price One more dive renewed lowest point to the 4000 level. The zone below 4300 (78,6% Fibo) level played as a support and pushed the price above. At the moment the price reached above 4500. Nonetheless, to consider any reversal patterns we need to see the price above the closest Bearish Trend Line until then the pattern stays bearish. The main supportive level,...

DestinationMoonCrypto

Price The great bitcoin fall continues. After a month in a lateral consolidation the first cryptocurrency went down, crashing all support levels on its way. At the moment, BTCUSD price on Coinbase pierced the $4500 level, and now is testing $4300, the next alleged stop on the way down could be the psychological level 4000. It is worth noticing, that the growth of...

DestinationMoonCrypto

Price Quiet weekends along the 5500 level and quick dive to the 5200 at the Monday opening. 5200 level shows supportive power again, and, for now, stops the falling, but the turnaround pattern is delayed now. The best scenario for near days is come-back above 5500 and further lateral movement. The longer the price will stay in the 5200-5500 zone, the more the...

DestinationMoonCrypto

Price For now, the price has found support at levels 5200 – 5300 and the fall has stopped, although many players predict a decline to 4800 – 5000 levels. Nonetheless, the price pattern, with the touch of 5200 and a quick come-back above 5500 leaves a hope for the turnaround pattern at this level, without further dives. However, overall pattern looks bearish and...

DestinationMoonCrypto

Price More than 15% fall brought the bitcoin price below the 2018 lows, for now, the price fall has stopped at the 5300 level, showing some rebound to the 5500 level. For now, the zone 5300-5500 shows a supportive character, if the support zone will be pierced – the next support on the way down is psychological level 5000. Today forecast Trading Bounds: 5300 –...

DestinationMoonCrypto

Price The BTCUSD price fell below 6300 level, which turned into a resistance during Tuesday. Remarkably, that Bitcoin/Tether price holds above 6400 level, makes a significant difference between the most popular stablecoin and real USD value. Locally, BTCUSD follows the weekly downtrend line and already reaching the main 2018 support zone, which showed its...

DestinationMoonCrypto

Price Yesterday went in a lateral movement along 6450. Today morning BTCUSD showed one more testing of the 6400 level and returned back to the 6450. The movement is coming to the peak of the lateral wedge, which was formed in September, so during next days the price could shift its hold-on positions. For now, support – 6400, and resistance located at 6500. ...

DestinationMoonCrypto

Price Two-weeks of growth ended at the 6600 level, changing to the lateral pattern. The lateral movement continues along the 6400 level, which has been tested several times but manages to hold the price. Nothing really changed on the fundamental side throughout weekends, so expectations stay the same – lateral movement in 6400 – 6500 zone. Today forecast...

DestinationMoonCrypto

Price Retreat from the 6600 resistance continues, Bullish Trend Line and 6500 level are broken, which shows the end of the two-weeks uptrend tendency. Leaving the 6500 – 6600 zone adds to it resistance power. To get over this zone BTCUSD will need to collect volumes on lower levels, preferably not lower than 6400. Movement below 6400 will skew the market bias...

DestinationMoonCrypto

Price The roll-back after an upward rally to the 6600 went further down and reached its starting point at 6500, hence 6500 appeared supportive and pushed bitcoin price upwards. Despite the roll-down, fluctuations stay in the weekly uptrend pattern, above the Bullish Trend Line. For today, Bullish Trend Line and 6500 should play a support role for the bulls. From...

DestinationMoonCrypto

Price After the breaking above 6500 price found support and went upwards with rising volume. At the next resistance level (6600) BTCUSD took a rest but did not rollback far only reaching the wedge formation boundary. Now the price gaining momentum and probably will test 6600 level once again. A breakthrough of 6600 will let the price in the main resistive zone of...