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Technical Analysis: SNXUSD 21.03.2023
Synthetix prices are firm, adding roughly 45% from last week's lows. Though prices are inside a bull flag, buyers are determined to press on. In the short term, resistance remains at around $3.3. Any surge above this reaction line may see the token break higher, printing new 2023 highs in continuation of buying pressure from Q4 2022.
Technical Analysis: BTCUSD 21.03.2023
Bitcoin remains in an uptrend, reading from the performance in the daily chart. Even though there was a contraction on March 20, forcing the coin below $28k, buyers are still in control. As it is, BTC will be bullish, provided prices are above $25k and February 2023 high.
Technical Analysis: ETHUSD 20.03.2023
Like the rest of the crypto market, Ethereum is in a firm uptrend. As an illustration, the coin is up roughly 70% from November lows, breaking above February highs. Technically, buyers are in control, and the bullish formation remains as long as ETH trends above $1.75k.
Technical Analysis: BTCUSD 20.03.2023
Bitcoin is firm at spot rates, up 25% week-to-date, and trading at highs above August 2022 highs. With the trend defined and bulls determined, traders can continue looking for entries to double down, targeting $30k and $32k in the coming days.
Technical Analysis: DSHUSD 17.03.2023
Following steep losses on March 15, DASH remains under pressure. The short-term trend is bearish, and prices are inside a bull flag. For this to change, prices must break above the descending channel, piercing above $60 with increasing participation.
Technical Analysis: BTCUSD 17.03.2023
Bitcoin prices are firm at spot rates and trading volumes are relatively high, supporting the uptrend. Following today’s gains, bulls successfully pushed above February highs and broke from the consolidation, trading above $25.3k. This is an assurance for traders and sets the foundation for another leg up towards $28k or better in the days ahead.
Technical Analysis: UNIUSD 16.03.2023
On March 15, UNI prices fell 10%, swinging back to bearish territory and reversing gains of early this week. The downtrend remains, and the token is within a bull flag with support at around $5.5, flashing with last week's lows.
Technical Analysis: BTCUSD 16.03.2023
Bitcoin is stable at spot rates, up 10% in the last week of trading. Although prices contracted on March 15, the uptrend is valid. There are high odds of BTC rallying, retesting $26k in a buy trend continuation formation. In the short term, traders should watch how prices react. Even if there is a retracement, but prices are inside the bull bars of March 13 and 14, the uptrend remains.
Technical Analysis: XRPUSD 15.03.2023
Ripple prices remain suppressed, as visible in the daily chart. Although there are gains, buyers are not fully in control. The overall trend is upward from the XRP candlestick arrangement from December to January 2023. Nonetheless, the coin is currently within a bull flag, as has been the case after XRP peaked in January. The lower lows of the past few weeks need to be broken for a clear trend to emerge. Any bullish breakout above $0.40 could draw demand, reviving optimistic buyers.
Technical Analysis: BTCUSD 15.03.2023
The expansion of Bitcoin to spot rates has been encouraging. The coin temporarily rose above February highs to print new Q1 2023 prices. Although the coin is now lower, the uptrend remains, and traders might look for longs on dips on every retracement. Noticeably, the March 14 bar is with increasing volumes pointing to participation, a net positive for traders.
Technical Analysis: LTCUSD 14.03.2023
Litecoin is up 24% in the past three days, tracking higher, and aligning with the primary trend. Buyers are in control, bottoming from recent lows, a bullish development for holders. In the short term, the coin has support at $65. Meanwhile, resistance lies at around $90.
Technical Analysis: BTCUSD 14.03.2023
Bitcoin is up 24% in four days as bulls emphatically reversed last week's losses, shaking off bears. With the explosion from crucial support, the path of least resistance appears northwards. Notice that the recent leg up is with expanding volumes, a net positive for holders.
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CryptoAltum does not accept any clients under the age of 18.