Bookmarking Crypto Insights
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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex By Friday, February 28th, the emotional selling of the ETH has stopped, and the digital currency has got a chance for stabilization. It is generally trading around $227.23. On H4, the quotations have broken the Triangle downwards by a strong impulse and reached 38.2% Fibo. In the short … Read more
Several major cryptocurrencies have reached critical support levels, leading investors to anticipating an oversold bounce Go to Source Powered by WPeMatico
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, February 25th, the XRP continues its correctional decline, trading at $0.2681. On D1, the wave of growth, having reached 50.0% Fibo, has changed to a decline. Currently, we may say that the quotations are coming back to test the broken long-term resistance line from above. The … Read more
The failure to resume the uptrend shows traders are booking profits instead of buying and this could drag crypto prices lower over the short term Go to Source Powered by WPeMatico
Overbought conditions mean a few top performers of this week may enter a corrective phase or continue to consolidate as traders consider booking profits Go to Source Powered by WPeMatico
The broad-based move in cryptocurrencies might be over and the market is likely to be selective in the next leg of the up move Go to Source Powered by WPeMatico
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex By Friday, February 21st, emotional sales in the ETH have stopped. The digital currency is stabilizing around $260.75. On H4, the Ethereum demonstrates the development of a correctional phase shaped as a Triangle. The Triangle is forming around 61.8% Fibo in relation to the previous downtrend. Judging by … Read more
After the recent correction and recovery, several major cryptocurrencies appear to be consolidating before resuming their uptrend Go to Source Powered by WPeMatico
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex By Tuesday, February 18th, the XRP rate has stabilized after a series of declining. The cryptocurrency is generally trading at $0.2915. On H4, the quotations remain in the ascending channel. They have tested the support level of the channel, hinting on an attempt to form another impulse of … Read more
The current pullback has not altered the bullish structure of the charts meaning traders will look to buy major dips Go to Source Powered by WPeMatico