Price Analysis Daily (Different Cryptocurrencies)

[sneakyboi]

Good day guys, I know there's a lot of Price Analysis out there on this Forum but they're scattered across the forum. I want to create this topic to make easier and more learning topic if price analysis of different cryptocurrencies will be posted here, So it doesn't overpopulate the whole Cryptocurrency Price Speculation Child Board.

Any Price Analysis that you may post here is okay as long as it doesn't break the rules of this forum.

As the start of this topic, This is XMR's Price Analysis in January 17, 2021:

The Monero market has been descending over the past couple of days. The overall trend in the market has not been actively bullish, and for Monero the trend has turned to a bearish one. As the price climbed down the price ladder, the market may witness more bearishness.



The Monero chart has been showing that the price has been dropping after it hit the resistance at $170.89. This retracement has been currently testing the support at $151, and the price has been witnessing a strong downward pressure.

As the value of the digital asset continued to see a push and pull at the level, it may force the price to sink further down to the second support at $146. This would be an opportunity for traders to make a profit.


At the time of writing the price of Monero was $152.24.

Source: Ambcrypto

[sneakyboi]

Dogecoin's Price Analysis this January 19, 2021

Dogecoin continued to consolidate between $0.0096 and $0.0085, showing the lack of a strong shift of momentum on either side. Further gains in market leaders BTC and ETH could push DOGE above its press time resistance, without which the price could continue to trade within a fixed channel over the coming days.



The Relative Strength Index pointed north from the neutral zone. The price could move higher if the index shoots towards the overbought region moving forward.

The Parabolic SAR’s dotted lines were under the candlesticks and underlined that DOGE has been on an uptrend over the past week.

Source: Ambcrypto

[sneakyboi]

Ethereum's Price Analysis this January 20, 2021

 Ethereum‘s price is having trouble staying close to its ATH on the charts. This can be evidenced by the fact that ETH’s price has dropped by over 10% since it closed in on the said ATH. At press time, ETH was valued at $1,291, with the crypto trading inside a bearish pattern, one that hinted at more downside for the smart contracts platform,



The value of the world’s largest altcoin was consolidating with higher highs and higher lows, with the same forming a rising wedge pattern. The rising wedge pattern is an inherently bearish pattern, one hinting at a drop to the downside after the breakout. The price seemed to be nearing the end of the pattern and hence, a breakout can be expected soon. A drop here could push the price of ETH below the $1,000-level and perhaps, even to $900, depending on the selling pressure from the market’s bears.

Source: Ambcrypto

[sneakyboi]

EOS's Price Analysis this January 22, 2021

Over the past two months, EOS has faced stiff resistance from the $3.6-region. The $2.7 and $2.4-levels of support have been tested multiple times. The volatility of EOS aside, the larger picture seemed to be showing a double-top forming at $3.6. If the price doesn’t consolidate at the $2.4-level over the coming days, the chances of recovery for EOS will be slim. More downside would be seen, possibly as low as $2.1.



As previously mentioned, the $3.6-level has rebuffed attempts by the bulls to drive the price higher on the charts. The $2.5-$2.7 region has been of importance over the past two months, and EOS found itself once more in this region, seeking refuge from selling pressure, at press time.

The $2.7-level could be retested in the coming days as resistance. The OBV showed that the second week of January saw massive selling volume as the price plunged from its $3.6-highs. Since then, while the buying volume did creep up, it was more or less equal over the past few days.


Source here

[sneakyboi]

XRP'S Price Analysis this January 25, 2021

XRP has consistently struggled to break above the $0.3o range since its drop on 11th January. While a re-test at $0.33 was exhibited on the 19th, the asset may dip below the $0.25 level in the next 24-hours.



As illustrated in the 4-hour XRP chart, the price movement is currently in an ascending triangle. Although carrying bullish implications, there are a couple of situations that should be identified in the charts. Firstly, a similar pattern was formed during the 2nd week of January, which led to a massive fakeout and the price dropped down to $0.265. The main bearish presence back then was the overhead resistance thrust by the 50-Moving Average.

Source

[sneakyboi]

Polkadot's Price Analysis January 26, 2021

Polkadot has been one of the market’s top performers in 2021, with the cryptocurrency’s price action speaking for itself. In fact, since 28 December, the crypto-asset has risen by a whopping 300%, a figure that highlights its tremendous rise on the charts.

After avoiding corrections for a week, the asset seemed ready for a period of drawdowns. However, the crypto’s market structure was flashing ambivalent signals at press time, with DOT registering a market cap of $14.97 billion while ranked 4th on CoinMarketCap’s charts.



In the 24 hours before press time, Polkadot suffered a slump on the charts, with the asset dropping down to $16.42. However, the long-term chart highlighted the presence of an ascending triangle, one which predominantly kept bullish expectations alive. Further, the Market Structure dictated that the possibility of the price moving in the direction of the green line was true. It should be noted though that there have been cases of fakeouts in the past.

Source

[sneakyboi]

Stellar's Price Analysis in February 1, 2021

With a $6.9 billion market cap, Stellar has remained close to the top-10 cryptocurrencies and consolidated fairly after its rally during the 1st week of January. XLM re-tested its support a few times but rather than consolidating low, it has continued to bridge the gap nears its yearly high of $0.414.

The long-term analysis remains a little neutral for Stellar but some bullish signs were evident.



After rising to its yearly-high of $0.414, XLM retraced more than 50%, down to $0.208. However, since then, the support has not been tested but the token did test $0.226 twice over the past couple of weeks. Stellar registered a fake breakout as well, from a strong ascending triangle pattern that did not breach resistance at $0.334.

Now, over the past week, things are appearing better for the crypto. Stellar is currently displaying a symmetrical triangle pattern in the charts, but the token remains under its resistance at $0.334. Stellar hasn’t reached this point since dropping under $0.334 on January 7th.

After a prolonged period of consolidation, the chances of re-testing its yearly high of $0.414 are strong.


Source of analysis here.

[Churphans]

Traditionally, the alt season has been the highlight at the end of nearly every Bitcoin price rally. In fact, on the back of Bitcoin’s recent performances, a rally in the price action of the market’s altcoins is much anticipated for the year 2021.
 More:see

[Primo1760]

Cardano Price Analysis: 12 February-2021

Cardano highlighted an area at $0.86 to defend over the next few hours before it could make an attempt at $1 once more. Tezos climbed toward $4.25 and had the momentum to break past, while rejection would see it revisit $4. VeChain surged past $0.038 and targeted $0.046.

Cardano [ADA]

Although ADA showed a bearish divergence on the charts, the $0.86 region has held firm as a region of demand.

On the hourly chart, RSI dropped below neutral 50 to indicate bearish momentum. Trading volume was also falling even as the buyers drove the price back above the highlighted region.

Hence, in the short-term, ADA showed signs of imminent sell pressure as it neared the $0.95-$1 area of supply. A trading session close below $0.86 would point toward a pullback for ADA, with $0.815 and the 23.6% retracement level at $0.74 expected to serve as support.
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[Kitme]

Today overall the cryptomarket is going down and bitcoin domination is +2% increased again so almost all altcoins are going in red but in the past 24 hours binance is trying to stable the price of binance coin is going down slowly in the past twenty four hours binance coin down by -2.67% current rate $126.20.