CND | CryptoNetDaily
This is a brief continuation of our Coinbase (COIN) price analysis from 4/22/21. In the previous post, we were watching a newly developed falling wedge with an apex at around the $280-$290 range. The stock market took a hit Thursday after President Biden hinted toward raising the capital gains tax on those making $1M or […]
This is a brief continuation of our Coinbase (COIN) price analysis from 4/19/21. In the previous post, we were watching the symmetrical triangle on the 30 minute chart which was predicted to break to the downside with a target of $300 based on fib tools. The triangle did break yesterday and the price target of […]
We don’t usually cover traditional stocks at CND but Coinbase (COIN) is a special-case since the exchange currently does not offer a token like most others. The current market capitalization at the time of writing is roughly $64.29B according to MarketWatch, placing it between XRP and BNB if it were listed on CoinMarketCap right now. […]
Ethereum Logarithmic Weekly Regression shows targets of $2271, $3124, and $4375. Based on prior support, $3124 seems likely. What about Bitcoin you ask? Well, the Weekly Regression indicator doesn’t quite work but fitting it to a 4D chart reveals a potential price target of $61,734. The chart below shows how the bands look when applied […]
With Coronavirus all over the news and the Fed printing money at unprecedented levels, its not surprising to see a re-surging interest in Gold over the past couple of months. Is it possible that Gold now has the momentum it needs to push new highs? If so, what are some potential price targets? For the […]
Ethereum is showing its first true signs of its potential to outperform Bitcoin in the months ahead after a strong rally that has resulted in the first 8/34 EMA crossover seen on the 4 Day chart since May 2018. If you are unfamiliar with why this is a bullish signal, I’d suggest reading my crash […]
After a nasty selloff and long consolidation, the concurrency market in general appears to be finding some support. One asset in particular which has well outperformed Bitcoin in the past year might be giving patient buyers another chance to get in on the next move. Looking at the Chainlink/Bitcoin daily chart, the 200EMA has proven […]
The Bitcoin 4 Day chart is showing record amounts of volume on Coinbase Pro following a huge price crash as financial markets across the globe see record losses during the 2020 Coronavirus Pandemic. The volume measurements register higher than the infamous 2017 Bull run and most recent 2018 Bull Runs at their respective peaks. This […]
Altcoins have been surging since the start of 2020, bitcoin dominance has dropped nearly 7% as coins such as Ethereum, Chainlink, and BAT see double digit gains. Looking at the bitcoin dominance chart (CRYPTOCAP) we can get clues as to when we can expect bitcoin to surge back as traders take altcoin profit to accumulate […]
Chainlink has seen impressive price performance during crypto winter and with Bitcoin back on the rise above $10,000 a flood of retail money is now expected to enter the market as people rush to get in on the gains. This is the exact momentum that Chainlink needs to push it into a new price discovery […]