Last week in the news Financial markets ended the second quarter with extended losses, pricing high inflation, fears of recession and monetary moves. So called “crypto winter” is still holding. Bitcoin is finishing the week testing $20K support, while Ether is still holding modestly above $1K. Implications of crypto market losses since the beginning of this...
Two weeks ago LINK reached its lowest level at $5.5 and started a short price reversal to the upside. However, moves to the upside were extremely shy, so LINK managed to reach its highest weekly level at $7.3. Long term resistance line at $8 has not been tested on this occasion. At this moment, it is more than evident that the market is lacking strength for clear...
During the previous week ADA managed to regain some of the value compared to the week before. However, it was such a shy move, which shows that ADA is still missing market strength to make real rebound and erase losses from the previous period. ADA started the week testing resistance line at $0.50, then reverted to the downside and $0.45 level, in order to finish...
During the previous week there was positive news for Binance exchange, that the company is planning to expand its business introducing a platform for VIP and institutional clients. It was also positive that the company is hiring professionals from the crypto industry during a period of time when the majority of its competitors are decreasing in number of...
It was a positive week for XRP, as the coin managed to regain some 20% in value within a single week. After a strong push of the price since the end of March this year, it seems that XRP is ready to finally stabilize the price, after reaching a minimum level at $0.30. During the first part of the week, XRP was traded sideways, without strength to make a move...
Ether is finally picking up some of the strength, which was significantly lost during the previous period. In relative terms, the coin outperformed Bitcoin, but this time in a positive manner, gaining more than 26% in value in a single week. At the same time, ETH short term futures were up by some 11%, expressing market positive expectations for this coin in the...
During the previous week modest rebound on financial markets was evident; however, higher level of optimism is missing. For some time, inflation fears were driving the market sentiment, while recently fears of recession were the main topic among financial professionals. Coming potential slowdown in economic activity will impact profits, which could be a major...
Last week in the news Markets were closed higher on Friday, after a period of strong negative sentiment caused by FED`s moves and rhetoric around surging inflation. The US equity market was up by some 3% on Friday. Bitcoin moved above the $20K support line, while Ether manages to hold above $1K. Regardless of Friday`s modest rebound on financial markets, the...
During the previous week LINK lost some 20% in value from the week before. If we take into account general market circumstances and strong downtrend on the crypto market, this was not such a bad performance. This comes especially as LINK was traded in a sort of mixed mode, with equal share of both selling and buying orders. Of course, there is some probability...
If we take into account general market sentiment and developments during the previous week, it could be noted that ADA outperformed the market by dropping less than many other coins. The price went down from $0.56 to $0.44, where on Tuesday and Wednesday buying orders dominated the market. Regardless of the drop in the price, ADA was traded in a mixed mode, which...
Within a single week BNB lost some 29% in value. This came as a result of the negative market sentiment and general push of asset prices to the downside. BNB started the week testing $250 support line but soon managed to break it and finish the week around $190 next support. During the whole week RSI was moving in the oversold territory, around level of 23....
During the previous week XRP was following general market sentiment and finished the week 17% lower from the end of a week before. On a positive side, XRP managed to lose lower compared with major coins. This probably comes from the fact that XRP previously was following a continued down trend, where the price was already adjusted to the future market...
It was another round of selling orders for ETH, so the coin continued its moves to the downside. Psychological line at $2K is now too far away, while the coin is struggling to maintain $1K in value. Whether the bottom-line has been reached is to be seen in the coming days when markets calm down after the latest strong downtrend. During the Monday trading the...
By the theory of effective markets, all known facts about an asset are discounted to the present price as a reflection of the real current value of that asset. Something like this happened during the previous week on financial markets, including the crypto market. Expectations of the future prospectus of the business conditions were fuelled by both FEDs increase...
Last week in the news The FED has once again moved the markets to the negative territory. Another rate increase of 75bps and potential for another one in July, encouraged another sell off on the markets during the previous week. Bitcoin slipped below $20K support and Ether is modestly below $1K. At the FOMC meeting held during the previous week, the US...
LINK had an excellent start of the previous week, when its price managed to break the $8 long term resistance line, reaching its highest level at $9.6. Resistance line at $10 has not been tested on this occasion. Unfortunately, negative macro fundamentals pushed the price down to level of $7.1 as of the end of the week. Prevailing buying orders for LINK started...
Regardless of general market sentiment, it might be noted that this was the second good week in the row for ADA. Market showed that there is potential for this coin, as price moves were more oriented toward upside, rather than to the downside. During the first half of the week, the price of ADA was moving toward the $0.7 resistance line, however, US CPI spoiled...
BNB was under high pressure during the whole week. At the start of the week price was pushed shortly to the level of $313, but selling orders were prevailing with this coin during the whole week. Soon, price reverted to the downside and reached its lowest weekly level at $266 on Saturday trading. Support line at $250 has not been clearly tested, which opens a...