Bitcoin (BTC/USD) Support Bounce, Ethereum (ETH/USD) Tests Resistance
2021-04-26 13:30:00
James Stanley,
Senior Strategist
Bitcoin, Ethereum Talking Points:
Both Bitcoin and Ethereum have started to bounce, with the run in Ethereum appearing a bit more bullish as of now.
Bitcoin found support around the 50% marker of the recent major move.
Ethereum is re-testing a big area of resistance around the 2500 psychological level.
The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section.
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Crypto markets have started to bounce after a continued pullback through last week’s trade. In Bitcoin, prices set a fresh monthly low before buyers showed up last night. The turn took place just a bit above a 50% level from the Jan 22 – April 14 major move, plotted around $46,847. Also notice where the RSI indicator on the Daily chart nearly touched oversold terri
Crude Oil Technical Analysis: WTI Bearish Potential Sub-60 2021-04-08 17:00:00 James Stanley, Senior Strategist
Crude Oil Technical Analysis Talking Points:
The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section. Advertisement
Crude oil prices remain range-bound on a short-term basis, and there’s been little excitement over the past couple of days. There is, however, a possible strain of deduction that may be opening the door for a more decisive move. But first, the range that was looked at on Tuesday is shown below with updated price action since that last article was published.
Bitcoin (BTC/USD) Pulls Back, Remains Bullish with Breakout Potential 2021-04-06 16:00:00 James Stanley, Senior Strategist
Bitcoin, BTC/USD Price Analysis:
Bitcoin has jumped back to the 60k resistance level, threatening breakout potential.
Bitcoin tested above 60k on March 13th but buyers could not hold the move and BTC/USD pulled back. Since then there’ve been multiple tests at-or-around resistance and buyers have not yet been able to leave 60k behind.
The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section. Advertisement
Crude Oil Price Outlook: Crude Crafts Range, Eyes Confluent Resistance 2021-04-06 17:00:00 James Stanley, Senior Strategist
Crude Oil Talking Points:
A riveting run in oil after the Presidential Election has finally found some element of resistance.
Prices have been range-bound for the past couple of weeks, but the preceding bullish trend was extremely consistent. Are buyers taking a break or is this prelude to a deeper reversal?
The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section. Advertisement
To say that oil prices have been choppy of late would be an understatement. But, with a bit of perspective, that choppiness can take on form…