Author: Dren.H

AVAX Technical Analysis – September 2021 Monthly Analysis Over the last 30 days, AVAX has increased by around 98%. This was marked with a price of $79.7. In the short run, AVAX might decrease, but its price could potentially go upwards again. Weekly Analysis  In just the last 7 days, AVAX increased by more than 50%. Then, the price was followed by a decrease of 16%. Nonetheless, the price increased again by 15%. After encountering resistance, AVAX is looking to go down again in the coming days. Daily Analysis In the intraday chart, AVAX has been bearish. In the last…

RUNE Technical Analysis – September 2021 Monthly Analysis In the last 30 days, RUNE initially increased by 30%. However, the price was then followed by a decrease of 42%. The price attempted to correct in the following days, increasing by more than 50%. Just as everyone thought that RUNE was going to continue this rebound, the price had another decrease of 42%. Weekly Analysis  In just the last 7 days, the price of RUNE has decreased by 40%. The price found support at $6.5. Then, RUNE started increasing again, reaching as high as $9.25. The price has started  Daily Analysis…

DOT Technical Analysis – September 2021 Monthly Analysis Over the last 30 days, DOT increased by almost 65%. Then, the price was followed by a decrease of 34%. The price of DOT attempted to increase and encountered resistance at $33.6. The trend is downward. Weekly Analysis  In just the last 7 days, the price of DOT decreased by almost 30%. After that, DOT attempted a correction but was stopped at the projected structure of resistance.  Daily Analysis In the intraday chart, DOT has decreased by 17%. It found support at $27.9. Then, the price of DOT increased by 9%. In…

A recent announcement from The People’s Bank of China states that cryptocurrency transactions are now illegal. China has not banned ownership yet, but all the other activities that involve cryptocurrencies are now illegal. This has impacted the market immediately, where major cryptocurrencies have had slight dips in the price over the last hours. The People’s Bank of China has also stated that it is going to carefully monitor all the risks that cryptocurrencies impose on the citizens as well as on the Chinese economy. If a person is caught using cryptocurrencies for any sort of activity can be heavily punished.…

FKX Technical Analysis – September 2021 Monthly Analysis In the last 30 days, FKX increased by 54%, reaching $0.066. Nonetheless, the price started declining after that. It decreased by more than 30% in the following weeks. This might indicate that the trend is now downwards for FKX, but FKX can easily reverse again and surge higher. Weekly Analysis  In the last few days, FKX decreased by around 28%. This suggests that the short-term trend is downward. FKX might try to retest resistance at $0.051 in the coming hours. Daily Analysis In the intraday chart, FKX has been bullish. The price…

A cloud of uncertainty is over the market, but Marty Bent, the co-founder of BTC mining company Great American Mining, keeps holding (HODLing) his BTC. Evergrande, one of the biggest real-estate companies in China, is facing $305 billion of debts. Experts are weighing their opinions on how its bankruptcy could adversely affect the cryptocurrency market. This has led to a question which many traders found it hard to reach a common consensus: Should traders buy the recent dip? While the obvious optimistic answer would be yes, others are arguing that traders need to take their profits and step aside from…

MANA Technical Analysis – September 2021 Monthly Analysis Over the last 30 days, MANA increased by more than 45%. This increase was marked with a price of $1.1. Nonetheless, MANA had a breakout downwards and the price decreased by more than 30%. Then, a consolidation followed. The price then had another downward breakout of 30%.  Weekly Analysis  In the last 7 days, MANA decreased by 32%. MANA recently found support at $0.60. This might indicate that the price can have a pullback, but the trend is now bearish for MANA. Daily Analysis In the intraday chart, MANA has been decreasing.…

CRO Technical Analysis – September 2021 Monthly Analysis Over the last 30 days, CRO increased by around 48%. Afterward, CRO had a dip in the price by 24%. As the price started to correct and move upwards again, CRO recently had yet another downward breakout and has declined by 25% in the last seven days. The recent decline could be attributed to the rounding top pattern that emerged from the recent price movement in a 4-hour chart. Weekly Analysis  In the last seven days, CRO has been declining, and the trend might have reversed since the price broke the trend…

ENJ Technical Analysis – September 2021 Monthly Analysis In the last 30 days, ENJ increased by more than 50%. However, this increase was then followed by a decline of more than 40% in a course of two weeks. The trend is now downward, but ENJ might attempt to correct it in the immediate short run. Weekly Analysis  In the last 7 days alone, ENJ decreased by almost 30%. Traders have been bearish, and the price might continue to decrease in the coming days. Daily Analysis As suggested, the trend is downward so we might expect ENJ to decrease. However, in…

BCH Technical Analysis – September 2021 Monthly Analysis In the last 30 days, BCH initially increased by more than 30%. However, the price started declining after that. The price has dropped by more than 35% in just the last two weeks. This suggests that BCH is now in a downtrend. Weekly Analysis  In just the last 7 days, BCH decreased by more than 20%. This decrease recently found support at $510. Nonetheless, BCH is looking bearish and its price might keep decreasing in the coming days. Daily Analysis In the intraday chart, BCH has been highly volatile. The price of…