TradeDog-Research

TradeDog-Research

The technical chart of Lido DAO (LDO) highlights the rollercoaster price action. At the time of its initial launch, LDO token faced a significant downfall to the support zone around $0.50. This presented a rational buying opportunity for investors which resumed its bullish momentum and resulted in a new peak formation of around $3.00. The underlying fundamental...

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The technical chart of Aptos (APT) token reflects the initial buying volume gathered which led to its new all-time high. However, since then, the coin has faced significant selling sentiment at regular intervals which eventually led to a downfall below the 0.236 FIB level. Since then, the price level was not able to have a positive breakout above the Fibonacci...

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Amid the collapse of crypto giant, FTX, the overall market conditions took a hit as the world’s largest cryptocurrency nosedived to a new two-year low of nearly $15.5K. The other cryptocurrencies also faced significant selling pressure as Ethereum is down by 20.15%, XRP by 25.65%, and polygon by 22.00% at the time of writing on a weekly basis. Considering the...

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The world’s largest cryptocurrency has developed positive sentiment during the past week as the price level maintained sustainability above the psychological mark of $20K. Moreover, the price level was able to have a positive breakout above the resistance zone between 0.786 FIB level and 0.618 FIB level and attained a new weekly high of nearly $21.5K. However,...

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Looking at the Apecoin technical chart, the price level has faced significant selling pressure since August and is almost down by 43.00% since then. Considering the current trend, APE is struggling between 0.236 FIB level to 0.382 FIB level. Above 0.382 FIB level, there’s a strong resistance zone in which the price level is unable to maintain sustainability. MA-50...

TradeDog-Research

The world’s largest cryptocurrency has developed positive sentiment during the past week as the price level climbed above and maintained sustainability above the psychological mark of $20K. Building upon the positive sentiment, BTC tested the resistance at $21K which is placed at 0.618 FIB level on the Fibonacci retracement table. But it did not have a positive...

TradeDog-Research

The past week commenced on a significantly positive note as the world's largest cryptocurrency broke above the price level of $22K for the very first time this month. However, due to the prevailing sentiments, the price level was not sustained for a longer duration. This certainly indicates that the ever-lasting felt-like bear market has forced investors to sell...

TradeDog-Research

The past week for Bitcoin started off with a positive note as the price level tested the crucial resistance mark of $20K. However, as the level was trading above $20K, a strong profit booking momentum was observed which brought the strong support of $18K into play. nThe support level did again provide the much-required bounceback and the current level is trading...

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For the third quarter of 2022, Bitcoin had bullish inception during the first month upon which it had a build-up to test the major resistance level of $25K during August. The price action formed a rising channel pattern before facing significant retracement from the resistance level. The retracement somehow settled at the psychological mark of $20K and maintained...

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As the global economic conditions turned bearish during the past week, Bitcoin seemed to struggle between the price level of $18K to $19.K. However, the crucial support level of $18K remained intact. The current price level is hovering around $19K and might look to retest the resistance present at $20K In a short timeframe, the price level needs to have a...

TradeDog-Research

The 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...

TradeDog-Research

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...

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The 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...

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Ethereum facing strong resistance at 0.236 FIB Level. Will the positive hype around the merge help it to break above?

TradeDog-Research

The overall market conditions are falling into the bear trap towards the end of August. The past monthly performance of BTC suggests that the upcoming month of September is said to be bearish and the build-up is witnessed during the end of August. Pretty much similar happening in the current market scenario. Moreover, after a negative breakout from the rising...

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The bears are back again in the overall market conditions as the weekly loss for BTC reaches nearly (-)12.30%. On the chart, the price level has suffered a negative breakout from the rising channel pattern reflecting upon a strong change in sentiments During the past bullish rally, BTC faced significant resistance around the 0.236FIB level which may have...

TradeDog-Research

The past weekly price performance of Bitcoin was witnessed within the rising channel pattern. The world’s largest cryptocurrency is moving within the bullish pattern since the previous month suggesting a strong build-up by the bulls However, during the past week, the price level regularly tested the lower base of the pattern suggesting profit booking momentum...

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The negative momentum since the starting of the year accounted for -350% retracement in the price level. AXS faced two significant downfalls during this time interval. The first critical downfall resulted in the formation of a falling wedge pattern, whereas the second critical downfall resulted in a falling channel pattern. On the Fibonacci retracement table,...