Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Monetization
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Cryptocurrency Forums
Crypto Technical Analysis By Capital Street Fx
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="capitalstreetfx06, post: 333430, member: 106330"] [HEADING=2]Daily Crypto Analysis – Bitcoin’s comeback, Ethereum loss, XRP battle, Chainlink slide.[/HEADING] [HEADING=1]Introduction[/HEADING] Bitcoin aims for a resurgence above $40,000, leaving traders uncertain about its next move after a recent correction. Long-term Bitcoin holders transferred over $430 million to exchanges during the dip below $39,000. Ethereum faces a grim narrative, erasing all gains and highlighting vulnerability in the market. XRP engages in a fierce battle, holding above the crucial 200-day EMA at $0.55. Chainlink records a 3.87% decline to $13.80 within 24 hours, maintaining an average risk assessment based on price, volume, and market cap changes. [HEADING=1]Markets In Focus Today – BITCOIN[/HEADING] [HEADING=1][B]Bitcoin Price Eyes Comeback Above $40,000, Traders Unsure Of Where BTC Is Headed Next.[/B][/HEADING] Bitcoin price made a comeback above $40,000 on Thursday, eyeing gains after the recent correction. Bitcoin’s long-term holders sent over $430 million in Bitcoin to exchanges as BTC dipped below $39,000. Bitcoin price suffered a setback after hitting its two-year high of $48,989 on January 11. The asset dropped to its 2024 low of $38,555 on Tuesday before beginning its recovery to the psychologically important level of $40,000. The approval of Bitcoin Spot ETFs by the Securities and Exchange Commission (SEC), ushered a volatility in crypto prices, and divided traders on their sentiment on BTC. [HEADING=1][B]Technical Overview With Chart :[/B][/HEADING] [IMG]https://www.capitalstreetfx.com/en/wp-content/uploads/2024/01/24-01-25_02-44-15_BTCUSD-1024x345.png[/IMG] [HEADING=2][B]Moving Averages :[/B][/HEADING] [HEADING=2][B]Exponential :[/B][/HEADING] [LIST] [*][B]MA 10 :[/B] 41079.58 | Negative Crossover | Bearish [*][B]MA 20 :[/B] 41970.96 | Negative Crossover | Bearish [*][B]MA 50 :[/B] 41811.60 | Negative Crossover | Bearish [/LIST] [HEADING=2][B]Simple :[/B][/HEADING] [LIST] [*][B]MA 10 :[/B] 41202.25 | Negative Crossover | Bearish [*][B]MA 20 :[/B] 42838.70 | Negative Crossover | Bearish [*][B]MA 50 :[/B] 43009.09 | Negative Crossover | Bearish [/LIST] [B]RSI (Relative Strength Index):[/B] 38.68 | Sell Zone | Bearish [B]Stochastic Oscillator : [/B]15.73 | Sell Zone | Positive [HEADING=2][B]Resistance And Support Levels :[/B][/HEADING] [LIST] [*][B]R1 :[/B] 44312.50 [B]R2 :[/B] 45985.97 [*][B]S1 :[/B] 38894.98 [B]S2 :[/B] 37221.51 [/LIST] [HEADING=2][B]Overall Sentiment: Neutral Market Direction: Sell[/B][/HEADING] [B]Trade Suggestion[/B]: Limit Sell: 41074.25 | Take Profit: 38297.2 | Stop Loss: 42899.03 [HEADING=1]ETHEREUM[/HEADING] [HEADING=1][B]Ethereum (ETH) Loses All Of Its Gains.[/B][/HEADING] Ethereum has wiped out the gains it had accumulated over a sustained period. The ETH/USD price chart depicts a grim narrative as the digital asset has swiftly descended from its peak, retracing back to levels that question the sustainability of its prior growth. The steep decline in Ethereum’s price is a significant bearish signal. It reflects the market’s hesitancy to invest at previous highs, most likely due to the underperformance Ethereum has shown in the recent past. This lack of traction and inability to initiate a recovery underscores the vulnerability of Ethereum’s price in the current market climate. [HEADING=1][B]Technical Overview With Chart :[/B][/HEADING] [IMG]https://www.capitalstreetfx.com/en/wp-content/uploads/2024/01/24-01-25_02-48-20_ETHEREUM-1024x343.png[/IMG] [HEADING=2][B]Moving Averages :[/B][/HEADING] [HEADING=2][B]Exponential :[/B][/HEADING] [LIST] [*][B]MA 10 :[/B] 2353.01 | Negative Crossover | Bearish [*][B]MA 20 :[/B] 2379.17 | Negative Crossover | Bearish [*][B]MA 50 :[/B] 2312.94 | Negative Crossover | Bearish [/LIST] [HEADING=2][B]Simple :[/B][/HEADING] [LIST] [*][B]MA 10 :[/B] 2402.64 | Negative Crossover | Bearish [*][B]MA 20 :[/B] 2422.75 | Negative Crossover | Bearish [*][B]MA 50 :[/B] 2336.48 | Negative Crossover | Bearish [/LIST] [B]RSI (Relative Strength Index):[/B] 39.83 | Sell Zone | Bearish [B]Stochastic Oscillator : [/B]12.72 | Sell Zone | Neutral [HEADING=2][B]Resistance And Support Levels :[/B][/HEADING] [LIST] [*][B]R1 :[/B] 2411.05 [B]R2 :[/B] 2505.56 [*][B]S1 :[/B] 2105.10 [B]S2 :[/B] 2010.59 [/LIST] [HEADING=2][B]Overall Sentiment: Bearish Market Direction: Sell[/B][/HEADING] [B]Trade Suggestion:[/B] Limit Sell: 2260.87 | Take Profit: 2106.80 | Stop Loss: 2373.30 [HEADING=1]RIPPLE[/HEADING] [HEADING=2]READ THE FULL REPORT - CAPITAL STREET FX[/HEADING] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Cryptocurrency Forums
Crypto Technical Analysis By Capital Street Fx
Top