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BTC/USD - Weekly OverviewThe past week had a quick change of sentiments as the world’s largest cryptocurrency is back again above the crucial psychological mark of $20K. The price level did make a weekly low of around $18.5K Currently, the price level is testing both MA-100 and MA-200. However, the alarming aspect is that MA-50 is still showcasing negative nature which might hint that a routine correction might be on the way The RSI also supports a similar sort of hypothesis as the level is near the overbought region and can face quick retracement. MACD level has finally started to formulate green bars and broke above the histogram for the first time this month. Overall, Bitcoin has showcased a positive rally in this month and a profit booking momentum can be expected in the upcoming days. Support levels can be placed at $20K and $18K whereas the resistance levels can be placed at $23K and $25K.
COINBASE:BTCUSDShort
by TradeDog-Research
CHZ/USD: Yearly Overview The technical analysis suggests that Chiliz (CHZ) has performed quite well considering the overall market conditions since the past quarter. The YTD return for the sports engagement coin is down by -30.00% whereas its indirect competitors including Gala Network and Ejin Coin are almost down by 80%. This also suggests that CHZ has better price sustainability throughout the year till the time of writing. On price action, CHZ is currently facing strong resistance above 0.382 FIB level while maintaining strong sustainability above 0.236 FIB level over the past month. One of the surprising takeaways amid bearish sentiment is that moving averages are strongly hinting at a positive momentum. MA-50 had a golden crossover against both MA-100 and MA-200. The RSI level also recovered from the downfall as it was residing in the overbought region a couple of times before. But the level has maintained strong sustainability above 50 which suggests that positive sentiment is present for the coin. With the fundamental aspects of Chiliz looking optimistic, the least we can expect from the coin is to have certain price sustainability amid volatile market conditions. The upcoming engagements events including FIFA World Cup and many other league championships can result in greater engagement within the whole ecosystem of Chiliz. If considering investment opportunities, important price levels that can be considered are as follows: Resistance: $0.24 and $0.26 Support: $0.17 and $0.15
COINBASE:CHZUSDLong
by TradeDog-Research
Near price analysis for septemberHello! hope you all are doing fine. I have tried to do a short analysis and a small price prediction for the september month. So, history says september is a bearish month and following the history and the current fuds in the market Even i would say the same. Soo i have made to 2 scenarios one is bearish and the other is extreme bearish. Ofcourse, both of them are sad and depression, but they also become a good buying opportunity for us as a investors. One of it is around 3 and the other one is around 2, The second option is a more safer and a stronger option as it is the point of start of the previous bull run. Soo thats it for now ofc you can refer my chart it has a more detailed analysis. And my prediction for end of the month is around 3.4$
by adithyanandi099
BTC/USD - Weekly OverviewThe month started with bearish sentiment and still prevailing as the world’s largest cryptocurrency is unable to maintain sustainability above the crucial psychological mark of $20K. Since the past month, the price level had a negative breakout from the rising channel pattern and currently possibly forming a falling wedge. Furthermore, it should be noted that BTC is struggling at the lowest level of Fibnonnaci retracement table. Technical indicators including RSI are also replicating similar sentiment as it had failed to break above 50 since mid of the past month. During the previous week, MA-50 faced a sharp negative breakout against MA-100 which suggests that further correction can occur. Overall, Bitcoin needs to sustain crucial support levels including $19K and $17K. If there’s a quick of sentiment in the market conditions, resistance levels can be placed at $21K and $23K.
COINBASE:BTCUSDShort
by TradeDog-Research