Saturday, February 27

Crypto Expense Analysis

Against Bitcoin, Ethereum took off higher today after it rebounded from the weekly low at 0.024 BTC. On Sunday, it managed to penetrate above the 200-days EMA at 0.029 BTC as it continued higher.
Over the list below few days, ETH continued to drive upward however got stuck at the 0.033 BTC resistance, which is the November 2020 High-day closing price. It did spike above this level, reaching near 0.035 BTC, however could never ever close a daily candle light above the 0.033 BTC level.
It has actually given that spiked as low as 0.0289 BTC (.5 Fib) today and is now trading just above 0.03 BTC.
Looking ahead, if the bears continue to press ETH lower, the first level of support lies at 0.0298 BTC (.5 Fib). This is followed by 0.0284 BTC (Feb 2020 highs), 0.028 BTC, 0.0275 BTC (.618 Fib), and 0.027 BTC.
On the other side, the very first level of resistance lies at 0.031 BTC. This is followed by 0.0318 BTC (Dec 2020 highs), 0.032 BTC, and 0.033 BTC.

LINK/USD Daily Chart. Source: TradingView
Against Bitcoin, LINK started the week by rebounding from assistance at 37,700 SAT (drawback 1.618 Fib Extension). It handled to press as high as 49,500 SAT throughout the week but has given that dropped lower to return to the 37,700 SAT support.
Progressing, if the bears break the 37,700 SAT support, included assistance lies at 35,000 SAT, 33,300 SAT (April 20 low), 30,000 SAT, and 28,850 SAT (Feb 2020 low).
On the other side, resistance lies at 40,000 SAT, 45,000 SAT, 50,000 SAT (bearish.236 Fib), and 52,600 SAT (April 20 high).

Bitcoin
After a substantial 44% price rise today, Bitcoin continued to set new ATH prices today at $42,000. The cryptocurrency began the year off below the $30,000 level after a strong performance in December 2020.
From there, it broke $30,000 last Saturday as it continued to push greater. On Monday, there was a quick spike lower towards $28,000, however this was rapidly purchased up as traders closed that everyday candle above $32,000.
Throughout the remainder of the week, BTC continued to set brand-new ATHs every day until reaching the resistance today at $42,000. More particularly, the resistance lies at $41,835– provided by a 1.414 Fib Extension level.
Looking ahead, if the bulls continue above $42,000, resistance lies at $43,445 (1.272 Fib Extension– yellow), $45,000, $45,340 (1.618 Fib Extension– blue), $46,330 (1.414 Fib Extension– yellow), and $48,000.
Beyond $48,000, extra resistance lies at $48,330, $49,000, and $50,000.
On the other side, the very first level of support lies at $40,000. This is followed by support at $38,000, $37,150, $36,000 (.236 Fib), and $34,000. Added support is discovered at $32,500 (.382 Fib), $30,000, and $29,630 (.5 Fib).

XLM/BTC Daily Chart. Source: TradingView
Chainlink
LINK saw a solid 38.5% rate trek today as the cryptocurrency trades around $16. It started the week by rebounding from $11 as it began to press. It managed to reach as high as $19.17 (bearish.886 Fib Retracement) yesterday however might not close a daily candle above $17.35 (1.272 Fib Extension).
It has actually considering that dropped into the assistance at $15.80 (.382 Fib) and bounced towards $16.
Looking ahead, if the sellers break $15.80, the very first level of support lies at $14.78 (.5 Fib). This is followed by $14.30, $13.75 (.618 Fib), $13, and $12.50.
On the other side, the very first level of resistance lies at $17.35. This is followed by $18.24, $19.17 (bearish.886 Fib), and $20. Above $20, resistance lies at $20.77 (ATH), $21.57, and $22.82.

XRP/BTC Daily Chart. Source: TradingView
Excellent Lumens
XLM saw an unbelievable 130% rate surge today as it currently trades around $0.3. The cryptocurrency was holding assistance at $0.12 for the very first couple of days of the week but ultimately broke above $0.15 on Monday.
On Tuesday, XLM penetrated above a short-term trend line and began to rocket greater. It blew up on Wednesday with a 100% rate rise, permitting the coin to reach as high as $0.419 (bearish.382 Fib Retracement). Regrettably, it dropped lower from here to close the daily candle around $0.34.
Yesterday, XLM spiked even greater to reach $0.45 however quickly dropped lower by the end of the day to close the everyday candle light around $0.31. Today, XLM fell into the assistance at $0.257 (.5 Fib Retracement) but has considering that bounced higher from here to trade above $0.3.
Moving forward, if the sellers press underneath $0.3, the very first level of support lies at $0.29 (.382 Fib). This is followed by $0.257 (.5 Fib), $0.224 (.618 Fib), $0.2, and $0.177 (.786 Fib).
On the other side, the very first level of resistance lies at $0.34. This is followed by $0.373 (1.272 Fib Extension), $0.40 (1.414 Fib Extension), $0.418 (bearish.382 Fib), and $0.442 (1.618 Fib Extension).

ETH/BTC Daily Chart. Source: TradingView
Ripple
XRP is up by a strong 41.5% today as it began to try a recovery from the disastrous 75% rate plummets seen in December. Throughout the very first couple of days of January, XRP was succeeding to hold above the November 2020 lows at $0.2.
It started to press higher from here on Wednesday as it closed at $0.25. Yesterday, the bullish rise continued higher, permitting XRP to surge as high as $0.38. It has since dropped back below $0.35 to trade at $0.311 (.382 Fib).
Moving on, if the bulls can hold the support at $0.31, the very first level of resistance lies at $0.35 (Feb 2020 highs). This is followed by $0.358 (bearish.382 Fib & 100-day EMA), $0.4, $0.4175 (bearish.5 Fib), and $0.45.
On the other side, if the bears break $0.31 (.382 Fib), included support lies at $0.3, $0.286 (.5 Fib), $0.263 (.618 Fib), and $0.25.

It took off on Wednesday with a 100% rate surge, allowing the coin to reach as high as $0.419 (bearish.382 Fib Retracement). It managed to reach as high as $19.17 (bearish.886 Fib Retracement) yesterday however might not close a day-to-day candle light above $17.35 (1.272 Fib Extension).

LINK/BTC Daily Chart. Source: TradingViewTitle: Crypto Price Analysis & Overview January 8th: Bitcoin, Ethereum, Ripple, Stellar Lumens & Chainlink
Sourced From: cryptopotato.com/crypto-price-analysis-overview-january-8th-bitcoin-ethereum-ripple-stellar-lumens-chainlink/
Released Date: Fri, 08 Jan 2021 12:17:18 +0000

Crypto Cost Analysis

XLM/USD Daily Chart. Source: TradingView
Against BTC, XLM began the year by spiking into multi-year lows at 360 SAT. From there, it quickly bounced greater and surged throughout the week, reaching as high as 1100 SAT on Wednesday.
More particularly, it was unable to close an everyday candle above 935 SAT (bearish.618 Fib Retracement) and has since dropped to 720 SAT.
Looking ahead, if the sellers continue below 700 SAT, support lies at 650 SAT (.618 Fib), 598 SAT (March 2020 lows), 520 SAT (.786 Fib), 450 SAT (November 2020 Low), and 400 SAT.
On the other side, resistance lies at 800 SAT, 935 SAT (bearish.618 Fib), 1000 SAT, and 1090 SAT (bearish.786 Fib).

BTC/USD Daily Chart. Source: TradingView
Ethereum
Ethereum saw a strong 67% rate rise this week as the cryptocurrency presently trades at the $1250 level. The coin began the week off below the $800 level as it began to press higher. It continued to drive upward throughout the entire week until reaching resistance at $1276 the other day– supplied by a bearish.886 Fib Retracement.
Today, ETH is struggling to break resistance at $1255 (1.414 Fib Extension). With the bullish momentum within the market, this is more than likely to be permeated quite soon.
Looking ahead, the very first 2 levels of resistance lie at $1255 (1.414 Fib Extension) and $1275 (bearish.886 Fib Retracement). Beyond $1300, resistance lies at $1350 (1.272 Fib Extension), $1392 (1.618 Fib Extension– purple), and $1425 (ATH Price).
Above the last ATH, resistance is found at $1530 (short-term 1.414 Fib Extension), $1582 (1.618 Fib Extension– yellow), and $1646.
On the other side, support is very first discovered at $1200. This is followed by $1160, $1115 (.236 Fib), $1050, and $1000 (.382 Fib). Included support lies at $920 (.5 Fib), and 833 (.618 Fib).

Added assistance is found at $32,500 (.382 Fib), $30,000, and $29,630 (.5 Fib).

It continued to drive upward throughout the entire week till reaching resistance at $1276 yesterday– provided by a bearish.886 Fib Retracement.
Included assistance lies at $920 (.5 Fib), and 833 (.618 Fib).

XRP/USD Daily Chart. Source: TradingView
XRP likewise started to stabilize against Bitcoin today. It began the year off by dropping lower into 670 SAT, however it established a solid base of assistance there throughout the week. Yesterday, XR O pressed higher from here and reached near the 900 SAT level. Regrettably, it could just close partially above 800 SAT and has considering that dropped to 762 SAT today.
Moving on, if the sellers press lower, the first level of support lies at 670 SAT. This is followed by 600 SAT, 590 SAT, 520 SAT, and 440 SAT. Included assistance lies at 332 SAT.
On the other side, the first level of resistance lies at 900 SAT. This is followed by 1000 SAT, 1200 SAT (Dec 2017 Lows), and 1550 SAT (Nov 2020 Lows).

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Leave a Reply

Your email address will not be published. Required fields are marked *

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together