cryptohopper

cryptohopper Aug 19, 2022

Ethereum (ETH) has experienced another tremendous rally of about 130% since its June low. That said, in the short term, price action indicates that the $2,000 psychological level is still a difficult resistance to overcome. Here are three things that need to happen to give ETH a higher chance of breaking above $2,000. #1 RSI Needs to Stay Above 50 The Relative...

cryptohopper Aug 12, 2022

The broad technical picture depicts Bitcoin (BTC) as trading within a rising bullish channel that supports the chances of continuing to move to the upside. Since the June 18 low, Bitcoin has demonstrated a price action pattern operating on a 12-day cycle, which calls for mid-August to be another intermediate bottom. Ascending Channel Starting with June 18 low,...

cryptohopper Jul 29, 2022

Since its inception, Trust Wallet Token (TWT) entered into a long period of consolidation, developing a symmetrical triangle formation. The multi-year symmetrical triangle pattern now calls for a retest of the upper resistance level around the $1.4 level. Symmetrical Triangle Pattern This multi-year pattern has the potential to continue driving the price action...

cryptohopper Jul 1, 2022

Bitcoin (BTC), which hit an all-time high of $69,000 in November 2021, has been in free fall amid a broader market meltdown and is now down around 70%. So while Bitcoin is battling the big psychological number of $20,000 in the short-term, the real bottom could even be around the $10,000 mark. 4-Year Halving Cycle Bitcoin's 4-year halving cycle has a significant...

cryptohopper Jun 24, 2022

Shiba Inu's (SHIB) price bounced off the $0.0000085 key support level, but the rally is now quickly fading away, lacking strong bullish momentum and follow through. Furthermore, based on the Chaikin Money Flow (CMF) indicator, there are no signs of big institutions and whales accumulating the cryptocurrency. Chaikin Money Flow After a brief break above the 0...

cryptohopper Jun 17, 2022

Bitcoin's (BTC) slide seems to have no end in sight, with investor sentiment showing extreme fear. Yet, there's a light at the end of the tunnel, and to understand where Bitcoin goes from here, we need to step back and look at the bigger picture. Bitcoin Log Long-Term Chart As per our in-depth analysis, Bitcoin's long-term logarithmic regression channel is still...

cryptohopper May 27, 2022

Ethereum Classic (ETC) printed the death cross signal on the daily chart, which is a warning signal that calls for more downside. The death cross signal occurs when the short-term 50-day simple moving average crosses below the long-term 200-day simple moving average. Death Cross Signal The last time the death cross signal occurred in October 2021, ETC fell by...

cryptohopper May 20, 2022

Bitcoin (BTC) is on track to record losses for the eighth week in a row, the longest streak of losses in history. Before this streak, the previous biggest consecutive weekly losses were recorded in December 2014, when Bitcoin was worth just a few hundred USD and was down for five weeks in a row. Is Bitcoin Oversold? Despite the severe sell-off, Bitcoin is still...

cryptohopper May 13, 2022

Based on the long-term trajectory of Dogecoin (DOGE), the DOGE price has the tendency to produce a new all-time high every 3 to 4 years. Therefore, this pattern can help us predict DOGE's price moving forward. Dogecoin Bullish Cycle Based on this cyclical model, we can expect Dogecoin to reach a new all-time high anywhere between 2024 and 2025. From January 2014...

cryptohopper May 9, 2022

The technical chart suggests that Algorand (ALGO) has the potential to tag the $1.00 milestone again. The downswings since February 8 can be confined within a descending channel, with the swings getting shorter in magnitude and the momentum drying out. Algorand Descending Channel After reaching the lower support trendline, the ALGO price bounced, and we're now...

cryptohopper May 6, 2022

Tron (TRX) flashed the golden crossover signal, which is widely considered a technical buy signal. The bullish case scenario for this cryptocurrency is also supported by the higher highs and higher lows price structure which signals that an uptrend could be developing. Golden Crossover Signal Most traders only learn to follow the 50 and 200 simple moving...

cryptohopper Apr 29, 2022

Cardano (ADA) has the potential to fall as low as $0.50. A major reason for this bearish scenario is ADA's descending channel, which the bears may try to tag again. This will be a classic break and retest price structure. Descending Channel A descending channel pattern has formed on ADA's daily chart, starting with the price falling from its all-time high of...

cryptohopper Apr 22, 2022

Bitcoin's (BTC) price had a sudden break below the $40,000 significant psychological level, but the sell-off was short-lived, and the decline was quickly reversed. Investors are now asking whether the dip below the round number was the ultimate bear trap. Bitcoin Bear Trap? In technical analysis, the bear trap occurs when the market sells-off traps traders in...

cryptohopper Apr 8, 2022

The smart money tool (SMT) divergence is used by traders to determine if the trend is getting stronger or weaker, which may lead to a shift in the market sentiment. If we compare Bitcoin (BTC) and Ethereum (ETH), we can notice that one is stronger and the other one is weaker. However, this correlation is not visible to the naked eye because they seem to move in...

cryptohopper Mar 25, 2022

ApeCoin (APE), one of the newest cryptocurrencies to launch on the Ethereum blockchain, already ranks in the top 100 cryptos by market capitalization. However, since the APE token was only launched on March 17, we have limited historical price data to assess the market sentiment. However, even a smaller historical price data sample can tell a story of what’s...

cryptohopper Mar 18, 2022

AAVE was the best performing crypto in the last 24 hours, gaining almost 13%. AAVE's gains are no coincidence, coming as the result of a classical trendline breakout signal that has the potential to signal a bottom. Trendline Breakout This is a fairly notable trendline, both because of its age and because it connects all the peaks printed in 2022. The breakout...

cryptohopper Mar 11, 2022

Shiba Inu (SHIB) suffered a deep correction of about 80% from its all-time high of $0.00008864. However, recent price action development signals a potential bottom and a trend reversal. Often, major swings (highs or lows) can emerge when an asset is diverging from a benchmark index that tracks the market's overall performance – in technical terms, this is called...

cryptohopper Feb 25, 2022

Avalanche (AVAX) price spiked over 21% leaving behind a V-shaped bottom but the flash rally has quickly run out of steam and completely faded out. The sell-off from the $98.77 swing high seems to also be unfolding in a corrective price structure, which calls for more consolidation. V-Sapped Bottom V-shaped bottoms are powerful reversal signals with a very...