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Showing posts from May 23, 2022

TA: Ethereum Dips But Here’s Why ETH Could Start Fresh Increase

Ethereum failed to clear the $2,085 resistance and declined against the US Dollar. ETH must stay above $1,920 to start a fresh increase in the near term. Ethereum failed to clear the $2,085 and $2,100 resistance levels. The price is now trading below $2,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $2,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down towards the main $1,920 support zone. Ethereum Price Trades Below $2K Ethereum attempted to clear the $2,085 and $2,100 resistance levels. However, ETH failed to gain strength and formed a short-term top near the $2,085 level. There was a bearish reaction below the $2,050 support level. Besides, there was a break below a key bullish trend line with support near $2,000 on the hourly chart of ETH/USD. There was a move below the 50% Fib retracement level of the upward move from the $1,920 swing low to $2,085 high. Ether pr

The Nightly Mint: Daily NFT Recap

We’ve had a brief hiatus from our Nightly Mint NFT recaps, but not to worry – we’re back on the wagon. While there’s been plenty of commotion over the past couple weeks during our quick break (yes I’m looking at you goblintown, and you, milady’s), we’re unfortunately going to skip past some of that and stick to the program: covering each day’s latest in a bite-sized report. As we kick off a closing week in May, let’s look some of Monday’s NFT activity. The Nightly Mint Latest Mint: eBay NFTs Unrolling We’ve heard for quite some time now some brief details around eBay’s interest in engaging with NFTs, but little has come to life – until now. The company’s initial release, in partnership with OneOf, has finally debuted – featuring “animated interpretations of Sports Illustrated covers of iconic athletes,” starting with hockey legend Wayne Gretzky. Related Reading | XRP Has Broken Below It’s Long Standing Support, What’s Next? Ethereum NFTs continue to be the undisputed leader, despi

TA: Bitcoin Price Stuck In Key Range, Why Dips Might Be Limited

Bitcoin failed again to clear the $30,600 resistance zone against the US Dollar. BTC is declining, but the bulls might remain active near $28,500. Bitcoin failed to gain strength for a move above the $30,600 resistance zone. The price is now trading below the $30,000 level and the 100 hourly simple moving average. There was break below a major bullish trend line with support near $29,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down towards the main $28,700 support zone. Bitcoin Price Tops Again Bitcoin price attempted a fresh increase from the $28,500 support zone. There was a clear move above $30,000 resistance zone and the 100 hourly simple moving average. However, the bears were again active near the $30,600 resistance zone. A high was formed near $30,630 and the price started another decline. There was a sharp reaction below the $30,000 support zone and the 100 hourly simple moving average. Bitcoin traded below the 5