The sellers will now attempt to sink the price to the strong support zone
The sellers will now attempt to sink the price to the strong support zone at $1.50 to $1.41. This is an important support for the bears to defend because if it cracks, the selling could accelerate and the ADA/USDT pair may start its downward journey to $1. Contrary to this assumption, if the price turns up from the support zone, it will indicate buying at lower levels. The bulls will then make one more attempt to propel the price above the 20-day EMA. If that happens, the pair could rally to ...
The sellers will now attempt to sink the price to the strong support zone
The sellers will now attempt to sink the price to the strong support zone at $1.50 to $1.41. This is an important support for the bears to defend because if it cracks, the selling could accelerate and the ADA/USDT pair may start its downward journey to $1. Contrary to this assumption, if the price turns up from the support zone, it will indicate buying at lower levels. The bulls will then make one more attempt to propel the price above the 20-day EMA. If that happens, the pair could rally to ...
Solana (SOL) broke and closed above the resistance line of the symmetrical triangle on Dec. 1 but the bulls could not sustain the higher levels. The bears pulled the price back into the triangle on Dec. 3.
Solana (SOL) broke and closed above the resistance line of the symmetrical triangle on Dec. 1 but the bulls could not sustain the higher levels. The bears pulled the price back into the triangle on Dec. 3. SOL/USDT daily chart. Source: TradingView If the price rebounds off the 20-day EMA ($215), the bulls will make one more attempt to start the up-move by pushing the SOL/USDT pair above the overhead resistance at $243.12. Contrary to this assumption, if the price breaks below the 50-day SMA (...
Solana (SOL) broke and closed above the resistance line of the symmetrical triangle on Dec. 1 but the bulls could not sustain the higher levels. The bears pulled the price back into the triangle on Dec. 3.
Solana (SOL) broke and closed above the resistance line of the symmetrical triangle on Dec. 1 but the bulls could not sustain the higher levels. The bears pulled the price back into the triangle on Dec. 3. SOL/USDT daily chart. Source: TradingView If the price rebounds off the 20-day EMA ($215), the bulls will make one more attempt to start the up-move by pushing the SOL/USDT pair above the overhead resistance at $243.12. Contrary to this assumption, if the price breaks below the 50-day SMA (...
The bears will now attempt to sink and sustain the price below the
The bears will now attempt to sink and sustain the price below the 100-day simple moving average (SMA) ($54,485) and the Nov. 28 intraday low at $53,256.64. If they succeed, the BTC/USDT pair could plummet to the psychologically critical support at $50,000. This is an important support to keep an eye on because if it breaks down, the selling could pick up momentum and the pair could drop to $40,000. The downsloping 20-day EMA and the relative strength index (RSI) in the negative zone suggest ...
The bears will now attempt to sink and sustain the price below the
The bears will now attempt to sink and sustain the price below the 100-day simple moving average (SMA) ($54,485) and the Nov. 28 intraday low at $53,256.64. If they succeed, the BTC/USDT pair could plummet to the psychologically critical support at $50,000. This is an important support to keep an eye on because if it breaks down, the selling could pick up momentum and the pair could drop to $40,000. The downsloping 20-day EMA and the relative strength index (RSI) in the negative zone suggest ...
Price analysis 12/3: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, LUNA, AVAX
Bitcoin (BTC) and Ether (ETH) have turned down from their respective overhead resistance levels, suggesting that bears continue to sell on rallies. New research in Australia suggests that the Ethereum Improvement Proposal (EIP) 1559 upgrade has turned Ether into a better store of value than Bitcoin. The report said the annual rate of increase in Ether’s supply since EIP-1559 is 0.98% compared to an increase of 1.99% in Bitcoin’s supply. Demand for Ether has been on the rise following the surg...
Price analysis 12/3: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, LUNA, AVAX
Bitcoin (BTC) and Ether (ETH) have turned down from their respective overhead resistance levels, suggesting that bears continue to sell on rallies. New research in Australia suggests that the Ethereum Improvement Proposal (EIP) 1559 upgrade has turned Ether into a better store of value than Bitcoin. The report said the annual rate of increase in Ether’s supply since EIP-1559 is 0.98% compared to an increase of 1.99% in Bitcoin’s supply. Demand for Ether has been on the rise following the surg...
Binance Singapore arm acquires 18% stake in private stock exchange
Binance Asia Services, the Singapore arm of major cryptocurrency exchange Binance, has acquired a stake in a local private securities exchange, Hg Exchange (HGX). On Tuesday, the company officially announced the acquisition of a post-money 18% stake in HGX, a stock exchange licensed and regulated by the Monetary Authority of Singapore. Binance Singapore CEO Richard Teng said that the new investment will help Binance and HGX expand the scale of products and services “supported by blockchain te...
Binance Singapore arm acquires 18% stake in private stock exchange
Binance Asia Services, the Singapore arm of major cryptocurrency exchange Binance, has acquired a stake in a local private securities exchange, Hg Exchange (HGX). On Tuesday, the company officially announced the acquisition of a post-money 18% stake in HGX, a stock exchange licensed and regulated by the Monetary Authority of Singapore. Binance Singapore CEO Richard Teng said that the new investment will help Binance and HGX expand the scale of products and services “supported by blockchain te...
