Ethereum (ETH) has recently displayed a Descending Channel Pattern on the daily time frame, indicating a prevailing bearish trend. However, it is important to note that technical patterns are not infallible and can sometimes provide opportunities for trend reversals. In this trade setup, we will explore the potential for a
June 19, 2023 2 mins read
Litecoin (LTC) forms an ascending triangle pattern, a bullish technical formation that has caught the attention of cryptocurrency traders and investors alike. Moreover, with a target price of $84.8 and an entry point set at $74.95, market participants are eagerly monitoring this pattern for potential price breakouts. Added to this,
June 19, 2023 3 mins read
Uniswap (UNI) has entered a consolidation phase, displaying a Horizontal Channel Pattern within the price range of $4.245 and $4.656. This pattern shows a period of price consolidation and suggests that UNIUSDT is currently trading within a specific range. Additionally, the presence of a Wyckoff structure adds further indicators to
June 17, 2023 2 mins read
My Neighbourhood Alice (ALICE) has entrenched in a bearish trend, characterized by lower highs and lower lows since mid-March 2023. According to CoinMarketCap, ALICE price is trading at $0.9049 with a 24-hour trading volume of $11,221,153, at the time of writing. In the world of cryptocurrency trading, identifying potential breakout
June 17, 2023 2 mins read
KuCoin (KCS) has been experiencing a downtrend since April 2022, but recent price movements suggest the possibility of a breakout. Despite the overall downward trend, KCSUSDT has shown temporary reversals and consolidation phases, indicating potential bullish momentum. More so, the breakout above the current consolidation level could lead to a
June 16, 2023 2 mins read
Bybit, a prominent cryptocurrency exchange, has achieved a significant milestone in its global expansion strategy by receiving preliminary approval from regulatory authorities in Kazakhstan. Moreover, this approval positions Bybit as a trusted cryptocurrency custody service provider, further bolstering the acceptance and adoption of cryptocurrencies within Central Asia. Kazakhstan has emerged
May 29, 2023 2 mins read
Binance has announced the removal and cessation of trading for a number of Australian Dollar (AUD) spot trading pairs. The affected pairs include APE/AUD, AVAX/AUD, AXS/AUD, DOT/AUD, FTM/AUD, LINK/AUD, SAND/AUD, and SHIB/AUD. However, it is important to note that less than 1% of Binance users actively trade in AUD pairs.
May 24, 2023 2 mins read
Connecticut’s Banking Commissioner, Jorge Perez, recently announced a settlement with Bitcoin of America, a virtual currency kiosk operator. The Department of Banking had discovered that Bitcoin of America was operating these kiosks in Connecticut without the required license. However, leading to four consumers falling victim to scams and losing tens
May 23, 2023 3 mins read
Crypto exchange Hotbit recently made headlines as it announced the temporary suspension of its operations. Moreover, the decision came as a surprise to many users and raised concerns about the safety of their funds. Let’s delve into the reasons behind Hotbit’s decision, and the implications for the broader crypto market.
May 22, 2023 3 mins read
Tether has announced its plan to purchase hundreds of millions of dollars’ worth of Bitcoin to back its USDT token. The company intends to invest 15% of its net profit into Bitcoin as part of a strategy to diversify its reserves. This move comes as Tether aims to maintain a
May 19, 2023 3 mins read