Bitcoin Price Breaks Bearish Pattern, Continues Falling: Technical Analysis Update
The bitcoin (BTC) price made a bearish breakout from a long-term pattern on May 10. After it turned into resistance on May 23, the rate of decline accelerated sharply Although a rebound may occur in the short term, price dynamics and wave analysis of the daily chart indicate that BTC is still a l ...
Shiba Inu (SHIB) Price Analysis: Rebound Potential from Long-Term Support
The price of Shiba Inu (SHIB) has finally reached the support line of the long-term pattern. The price is in the process of launching a rebound, but its credibility has yet to be confirmed. If SHIB makes a bearish breakout from the triangle, the support structure that has existed for a year will ...
Uniswap (UNI) On-Chain Metrics Suggest Potential for Rebound After Recent Dip
The Uniswap exchange rate (UNI) has pulled back about 17% from the local high of $6.4 recorded on April 14. However, onchain metrics bode well for a rebound UNI, the native token of decentralized cryptocurrency exchange (DEX) ...
Ethereum (ETH) Trading Analysis: Will It Rebound or Experience a Bearish Breakout?
The exchange rate Ethereum (ETH) is trading in the middle of a long-term pattern. The further trend of the price depends on whether it makes a bounce or a bearish breakout The weekly and daily charts give mixed signals. This does not make it clear whether Ethereum (ETH) will be able to launch a r ...