bituni

bituni Mar 14, 2021

The price is trading within the confines of an ascending parallel channel. THETA has just broken above an ascending channel’s middle boundary resistance, restarting the uptrend. The MACD had flipped bearish but is currently giving out a bullish impulse. The uptrend is supported by improving technical levels based on the MACD. Resistance at $8 may either stop...

bituni Mar 10, 2021

It is still trading well above $260 and the 100 simple moving average (4-hours). The bulls are protecting the $265 and $260 support levels. The next major support is near the $255 level (It is close to the 50% Fib retracement level). There is also a key bullish trend line forming with support near $245 on the 4-hours chart of the BNB/USDT pair On the upside,...

bituni Mar 9, 2021

Dogecoin finally broke out of the symmetrical triangle. Meanwhile, DOGE is teetering at $0.053 amid the struggle to complete the triangle breakout target. Notably, the MACD has validated the break by crossing above the mean line. Besides, the MACD line (blue) cross above the signal line is a bullish impulse. A minor correction has occurred due to the seller...

bituni Mar 8, 2021

Chainlink price is close to confirming a daily uptrend but still needs to climb above another key level first. Chainlink is contained inside an ascending and broadening wedge pattern on the daily chart. The next most important resistance level is the high of March 3 at $31.43. A breakout above this point will confirm a daily uptrend and will likely drive...

bituni Feb 24, 2021

The price even tested the $0.89 support level, but there was no close below the 100 simple moving average (4-hours). On the upside, there is a strong resistance forming near the $1.072 level. A clear break above the $1.08 level could open the doors for a sharp increase towards the $1.14 level. Technical...

bituni Feb 24, 2021

DOGE/USD extends corrective pullback from 200-bar SMA. RSI recovery from oversold area backs the latest run-up. The downward sloping trend line from February 07 keeps sellers hopeful. Further upside needs to overcome bearish MACD before challenging the previous week’s top near 0.0645. Alternatively, a downside break of 200-bar SMA level of 0.047 will recall...

bituni Feb 23, 2021

Dogecoin price action from January 30 to-date has resulted in a continuation pattern known as “bull flag”. The technical formation predicts a 75% bull rally. This target puts DOGE at $0.1. For a successful breakout, DOGE needs to move past an immediate resistance level at $0.055, which coincides with the 50% Fibonacci retracement level. However, only a...

bituni Feb 22, 2021

Dogecoin bulls need to cross a descending resistance line from February 07 and 21-day SMA, near 0.0585-90, to gain the market’s confidence in witnessing the 0.1000 threshold. Alternatively, 50% and 61.8% Fibonacci retracement of late January run-up, respectively around 0.0474 and 0.0379, will be the key to stop the DOGE/USD bears ahead of 50-day SMA, at 0.03257...

bituni Feb 22, 2021

1. Ripple remained stable above $0.5000. 2. XRP price tested $0.6500 and it is likely to continue higher in the near term. 3. Ripple started a fresh increase above the $0.5500 and $0.6000 resistance levels. 4. There was also a break above a crucial contracting triangle with resistance near $0.5650 on the 4-hours chart. 5. It settled above the 100 simple moving...

bituni Feb 21, 2021

1. It traded to a new all-time high near $2,040 and settled well above the 100 EMA (4-hours). 2. There was a short-term downside correction below the $2,000 and $1,950 support levels. ETH price even spiked below the $1,850 support level. 3. There was a break above the 50% Fib retracement level of the recent correction from the $2,040 high to $1,813 low. 4. A...

bituni Feb 20, 2021

DOGE/USDT is traversing within a falling channel after hitting record highs at $0.0872 on February 7. There are 2 major resistances: 50 Moving Average and the upper line of the falling channel. Should the aforesaid fierce resistances win, the Dogecoin could witness a sharp sell-off to the falling channel support, now aligned at $0.0389. Acceptance above the...

bituni Feb 19, 2021

XRP/USD drops to $0.5270 while extending the previous day’s pullback to early Friday. The altcoin’s latest weakness could be traced from its repeated failures to cross 10-day SMA as well as the first bearish MACD signal since early January. This keeps the ripple sellers hopeful. However, an upward sloping trend line from the initial February, close to $0.5100,...

bituni Feb 19, 2021

XLM price hit a pause after reaching $0.60 on February 13. Since then, Stellar entered a consolidation period. It formed a series of lower highs while the horizontal support at $0.46 has rejected any downward pressure. By drawing a trendline around the swing highs and another at the underlying support, a descending triangle seems to form. As XLM price moves...

bituni Feb 18, 2021

Hourly MACD – The MACD for ETH/USD is showing positive signs in the bullish zone. Hourly RSI – The RSI for ETH/USD is now well above the 50 level. Major Support Level – $1,850 Major Resistance Level – $2,000