Using the RSI to Predict Bitcoin Price Movements During Range-Bound Periods
The Relative Strength Index (RSI) has been an effective tool for predicting Bitcoin's price movements since June. During this period, Bitcoin has been trading within a tight range, making it suitable for range trading strategies using the RSI. Here's how the RSI can be used in such scenarios: ...
Bitcoin Price Analysis: BTC Faces Resistance at $27,000, Bearish Trend Continues
Bitcoin's price is currently in a bearish trend after failing to clear the $27,500 resistance level. It has fallen below the $27,000 and $26,800 support levels, entering a bearish zone. A major bullish trendline was also broken with support near $26,800 on the hourly chart. The price is currently ...
Bitcoin (BTC) Attempts Bullish Breakout After Bounce from Support
Bitcoin (BTC) pushed back from May 25 support and avoided a bearish breakout. Now the price is trying to make a bullish breakout of the corrective pattern Despite the bullish breakout attempt, it is more likely that BTC will decline again to complete the correction and only then continue the uptr ...
Bitcoin (BTC) could face a sharp drop triggered by a potential bearish breakout
Bitcoin (BTC) has exhibited bearish momentum over the past few weeks, and now it could make a bearish breakout from a short-term pattern This breakout has the potential to trigger a sharp drop in BTC to levels it has not visited since early March. BTC: Resistance gets stronger ...
Binance Coin (BNB) Aims for Bullish Breakout: Technical Analysis
The BNB exchange rate is trading near an important horizontal resistance area. Her breakthrough could appreciably accelerate the growth rate of Binance's native coin exchange The cryptocurrency market sagged last week, but BNB, the native token of leading cryptocurrency exchange Binance, did not ...
Is a Bearish Breakout Imminent for Polygon (MATIC)?
The Polygon (MATIC) rate has been losing ground since February and reached the support of a long-term pattern, which has been holding back the price since June 2022 A bearish break of the long-term bullish structure will be a negative signal for MATIC. Will the price ...
Technical Analysis and Price Forecast for Cosmos (ATOM)
The Cosmos (ATOM) cryptocurrency has recently started to reverse its downtrend, approaching a significant resistance line. Cosmos is an ecosystem of decentralized and scalable blockchains that aims to create an "Internet of Blockchains" where users can interact in a decentralized manner. The n ...
Shiba Inu (SHIB) Technical Analysis: Can It Rebound from Multiple Support Levels?
Shiba Inu (SHIB) has been making a recovery following a sharp 30% decline, and is currently attempting to rebound from several key support levels. A successful rebound would confirm that the correction is complete. Technical analysis indicates that the value of the Shiba Inu project coin (SHIB) ...