green, at press time, as the market’s buyers alleviated some of the losses made over the past 24 hours.

However, there was uncertainty in the market as all three altcoins gave mixed signals and did not provide a definitive position moving forward.

Panic selling over the past couple of days dragged EOS lower by over 30% before the market’s bulls finally cushioned the price at the $2.49-support level. However, EOS came in contact with a strong support level at $2.76 and the price moved slightly lower once again. The ongoing battle for control between the buyers and sellers could continue and the price could trade within its present channel over the next few trading sessions

The MACD showed that bearishness was decreasing in the market as the red bars fell in length below the equilibrium mark. A bullish crossover could boost the price beyond its current resistance at $2.76.

On the other hand, the Chaikin Money Flow stabilized below zero and showed subdued inflows of capital towards EOS. Consolidation between EOS’s press time channel seemed likely, unless capital pours back into the cryptocurrency.

Polkadot’s downward spiral halted at $7.52 as the buyers provided some relief to prices. For now, its movement was rather unclear as the price traded between $7.52 and $8.81 and did not show any signs of a breakout in any direction.

The cryptocurrency’s price traded on the lower band of the Bollinger Bands and moved towards the Signal line. However, bullish bounceback was not a certainty as the price could remain between the Signal line and the lower band unless a broader market rally pushes DOT towards the upper band.

The Stochastic RSI was slightly more decisive in proving a path forward for DOT as the index eyed a move in the overbought region. If the index does reach the upper territory, immediate resistance could be breached and the price could test the next ceiling at $8.81.

NEO fell towards its immediate support at $21.28 after failing to scale above the $24.96-mark. In the short term, the momentum could rest with the sellers as the indicators were largely bearish on NEO.

The Relative Strength Index was dipping towards the neutral zone. The immediate support level could be in danger of being breached if the index shoots towards the oversold zone in the near future.

The Parabolic SAR’s dotted markers were above the candlesticks and confirmed the bearish nature of the price.

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A business graduate with a keen interest in emerging markets across South East Asia. As a financial journalist, he covered stocks and market reports across Australia and New Zealand as well.

Polkadot, Ontology, FTX Token Price Analysis: 17 January

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alts like Litecoin, Ethereum Classic, and NEO, with hikes of up to 20% observed on the price charts.

Litecoin [LTC]

Litecoin’s price rose by close to 5 percent in 24 hours, with the crypto trading at $169.9, at press time, after having registered a market cap of around $11.3 billion. While there has been significant bullish momentum behind the coin’s price, the cryptocurrency was coming in contact with strong resistance around the $173-price range. However, if the bulls were to fail, then LTC’s price may need to rely on nearby supports at $147 and $135.

The EMA ribbons seemed likely to help the coin’s price since they had settled below its press time trading price and were likely to offer support. The MACD indicator also looked promising after having undergone a bullish crossover.

Ethereum Classic [ETC]

Ethereum Classic has also been able to see its price appreciate by over 6 percent in 24 hours. The coin, at press time, was trading at $7.64 with a market cap of $893 million. The uptrend on the cryptocurrency’s chart came in contact with the resistance level at $7.7 and seemed to be on the verge of breaching it. However, there were also strong supports at $6.8 and $6.3, if a trend reversal were to take place.

The MACD indicator saw the Signal line go past the MACD line, forming a bullish crossover, while the RSI indicator remained well inside the overbought zone – a common sign of bullish momentum for the d>NEO registered a significant price hike on the charts, but it soon came in contact with a strong resistance level. At press time, NEO had a trading price of $20.1 and it was trying to breach its immediate resistance level again. However, if NEO is unable to propel itself above this level of resistance and endures a minor price correction, then, the support level at $18 may be extremely crucial in stabilizing the coin’s price.

The Bollinger Bands continued to remain quite wide, signaling the presence of substantial amounts of volatility in the price. Further, the RSI indicator was heading into the overbought zone, strengthening the chances of the price continuing to move north.

Polkadot Price Analysis: 07 January

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Jude Gerald Lopez is a full time News Editor at AMBCrypto covering the US and Indian market. He is a post-graduate in English literature with around 4 years of teaching experience in Indian literature.

$16.78 or 0.00049294 BTC on major exchanges. In the last week, Neo has traded up 11.2% against the dollar. Neo has a market capitalization of $1.18 billion and approximately $682.92 million worth of Neo was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed in the last 24 hours:

Neo Profile

Neo Coin Trading

Neo can be traded on these cryptocurrency exchanges:. It is usually not currently possible to buy alternative cryptocurrencies such as Neo directly using U.S. dollars. Investors seeking to trade Neo should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Neo using one of the exchanges listed above.

cryptocurrency, climbing to touch one ATH after another, the alt season may have finally kicked off. With the BTC market hitting new peaks every day, the altcoin market has started to mirror its profits too. Polkadot [DOT] has been one of the market’s most prominent projects in the last 6 months or so, with DOT surging to touch an ATH of its own on the 7th of January.

In fact, the alt rallied to a value of $11.08, before registering some corrections. At press time, DOT was being traded at $10.10.

Polkadot four-hour chart

DOT’s 4-hour chart outlined the cryptocurrency’s growing price within an ascending channel. This ascending channel surpassed various levels of resistances and fueled DOT’s price rise to new ATHs. While the cryptocurrency’s trading price was noting a lot of sellers’ pressure at press time, the crypto-asset might not drop extensively on the charts. Ergo, this might be a good opportunity to long the digital asset.

Reasoning

Momentum in the cryptocurrency market has been rising for a while now. The Bitcoin market, at press time, showed the asset trying to reach $38k, and it might do so before the day ends. However, this would also result in the price of the market’s altcoins surging, hence, DOT may just register yet another ATH. The Awesome Oscillator was an indicator of this rising momentum as it was noting strong buyers’ momentum on the charts.

On the contrary, the Relative Strength Index remained over and close to the overbought zone. This did not suggest the crypto-asset was going to drop due to the bullish momentum in the altcoin market.

Position

Entry: $10.50 Stop-Loss: $9.87 Take-Profit: $11.46 Risk-to-Reward: 1.03

Conclusion

The aforementioned analysis paints a bullish picture for DOT, one wherein the cryptocurrency’s traders can long the digital asset and see the price re-visit its ATH, if not mark a new one.

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Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

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momentum. However, some signs suggested that EOS might not be able to sustain its momentum in the near-term.

While the market momentum has been bullishly positive for EOS off late, the resistance level at $3.12 has prevented the cryptocurrency from rising to its late-November levels. While the crypto’s price was moving north at the time of writing, a correction could see EOS fall towards the support at $2.91.

The Relative Strength Index was heading towards the overbought territory, at the time of writing. While this was bullish for the price, a reversal could be forthcoming if the index rebounds and shoots lower towards the oversold zone.

The candlesticks were trading on the upper band of the Bollinger Bands, and a potential pullback could be on the cards if the price moves south and towards the lower band.

Ontology has been rising steadily on the charts, with the crypto’s price gaining by 16.7% over the last seven days. A look at ONT’s 4-hour chart showed that the crypto’s price had scaled above the resistance levels at $0.45 and $0.50. Even though the indicators suggested more upside for ONT, a correction on the charts for Bitcoin and Ethereum in the near future could see ONT flash red.

The Chaikin Money Flow rose along with the cryptocurrency’s price and highlighted the fact that capital inflows were pushing the price beyond the aforementioned resistance levels.

The Parabolic SAR’s dotted markers were under the candlesticks, an indication that the price was bullish.

Like its counterparts EOS and ONT, Cosmos also registered positive gains on the charts, with its price up by 6% in the past 24 hours. A move higher on the charts towards the resistance level at $7.06 seemed quite possible as the indicators were bullish for the cryptocurrency. On the flip side, the price could lose steam if the next resistance level is challenged.

The MACD’s fast-moving line was gaining some ground on the Signal line, while the bars on the histogram were also rising above zero. This signaled a potential move higher.

Finally, the Awesome Oscillator’s green bars were also rising above equilibrium, a sign of the buying pressure rising in the market.

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indication that the breakout can head north, although a dip to $2.2 was still possible before a move towards the resistance level at $2.56. A more conservative target for the breakout would be $2.45.

A close below $2.1 would indicate that bulls were losing traction and the notion of a bullish breakout would be invalidated.

NEO formed an Adam and Adam double top, with the left peak seeing considerably more trading volume than the right. However, despite a close under the valley floor, the price still reversed itself and recorded a weak bounce upwards.

This can be attributed to Bitcoin and Ethereum’s positive performance in the market at the same time, which likely influenced NEO’s movement.

In fact, there was very little rise before the double top for NEO to actually reverse into.

Finally, the RSI showed neutral momentum at the time of writing, but it was wading into bearish territory after testing the 50-zone as resistance, indicating that a downtrend was in progress. Barring any strong Bitcoin movement in the next few days, it seemed likely that NEO would descend to test the $16.6-support level.

The idea of an inverted cup and handle formed by AAVE a week ago was quickly invalidated by the strong gains it posted above the $60-level. It was trading at $87, at the time of writing, an impressive 44% gain in the span of six days.

AAVE was trading within an ascending channel, and the price tested the lower boundary of the channel as support. The MACD was well above the zero, but formed a bearish crossover.

A close below the channel could see AAVE revisit the $74-support level.

News of the Aave Protocol V2 launch a few days ago saw the prices surge, and the bulls might be able to drive the prices higher with the $100-region being a possibility.

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Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.

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critical level at $3, while Basic Attention Token also lost the mid-point of its market range of the past few weeks to bears and was headed toward $0.2.

The longer-term outlook indicated that the pullback was a healthy reset of the strong upside momentum. Going level-by-level, the defense of $1000 has been resolute, with a level of support at $975 right beneath. In the scenario of a further drop, the 50% retracement level at$850, with the horizontal support at $835 would be the next region of interest.

A retest of the $1150 level followed by rejection would indicate impending bearishness, while a trading session close above that level would give bulls hope.

The RSI sank below neutral 50 to highlight short-term bearishness, while the Stochastic RSI was in the oversold region. These signs pointed toward a minor rise for ETH followed by rejection in the $1150 region.

EOS reclaimed the $3 level a few days ago, a significant bullish development. It rose past $3.35 and attempted to flip $3.67 but crashed hard over the past few trading sessions.

Amounting to nearly 28% losses over the past 20 hours at the time of writing, EOS lost the critical $3 level once more as it traded at $2.78.

The OBV showed that the past wave of selling nearly undid all the previous accumulated buying, likely putting EOS back on square one. Its next direction would likely be dictated by ETH.

The $0.29 region saw BAT face selling pressure and fall to $0.27, and the recent hours of selling pressure drove the prices down a further 21%.

The MACD had shown a bearish divergence when BAT rose to $0.29, presaging the drop to $0.27. Thereafter, the selling pressure on BTC and ETH played a major role.

This drop meant that BAT was back within the range between support at $0.2 and resistance at $0.27. The mid-point of this range is at $0.232, and BAT’s move beneath it meant a move to $0.2 is in order.

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Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.

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of the altcoins Ethereum has seen many large-cap coins surge. Binance Coin has been one of the best performing exchange tokens, with a YTD return on investment of 195%. BNB climbed past its previous all-time high at $39.2 and was trading at $44.3 at the time of writing.

The 12-hour chart showed that BNB’s outlook is strongly bullish. The $40.2-$41.5 region can be expected to serve as strong support should BNB see a pullback. And a pullback was signaled, although it need not materialize immediately. This dip, when it occurs, can give a good opportunity to enter a long position.

The RSI showed a bearish divergence as it made lower highs while the price continued to make higher highs. The MACD highlights the bullish sentiment throughout December and showed this momentum could have cooled off as the signal line and the MACD line were in close proximity.

The Gann fan lines (yellow) from a swing low at $26.6 highlighted potential lines of support and resistance for BNB. The confluence of the 1:1 line with the horizontal support at $41.5 indicated strong support.

A stop-loss beneath the $39.59 area of support can be used. The move from the swing low of $26.6 projected a 27% extension level at $51.65, hence a take-profit order just beneath this level can be used.

Stop-loss:$39.4

Take-profit: $51.58

Risk-to-reward: 4.37

The bearish divergence presents a good chance that BNB sees a minor pullback. This dip to a strong area of support can be used to enter a long position. The bullish momentum of BNB over the past few weeks is not yet done on the longer timeframe. Ethereum is also nearing its ATH, and BNB has a close, positive correlation with ETH.

Cardano, Aave, BAT Price Analysis: 10 January

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Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.

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significant volatility, with its charts seeing very dull price movement. Despite its strong bond with Bitcoin, Litecoin has been consolidating on the charts, with LTC yet to see strong price movement. At the time of writing. the price of LTC was $127 while noting the emergence of strong selling pressure.

Litecoin one-hour chart

According to the attached chart, Litecoin’s market has been consolidating between $123.67 and $132.62. However, since the coin has been moving within this range for a while now, the chances of a drastic price swing have been low. The cryptocurrency’s price was moving lower towards the support at $123.67, and traders may want to mitigate some losses by shorting this position.

Reasoning

The Bollinger Bands were indicative of the reduced volatility in the market. However, as such an erratic price movement has been witnessed before, the sudden selling pressure could increase the volatility briefly. The Relative Strength Index, while once close to the equilibrium zone, was pointing lower, signaling the emergence of selling pressure.

As previously noticed, the $123-level has been a strong support level, with the price reverting from this point. Even if the price continued to fall beyond this level, it may not drop to a great extent. The MACD line suggested an indecisive market, as the bars had also reduced. This affirmed the sideways movement of the digital asset.

Conclusion

Litecoin’s market did not witness a strong price swing and looking at the short-term market, a price swing may not be in the picture yet. As the selling pressure increases, given the downward trending price, the traders may be able to make a meager profit, but not a significant one. However, given its strong correlation with BTC, a fall might be imminent in the longer-term.

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Litecoin Price Analysis: 03 January

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24-hours as Bitcoin surged past key levels of resistance around the $33,000 price level.

At press time, Litecoin was being traded at $140, with a market cap of $9.2 billion. The coin has registered a 24-hour trading volume of over $11 billion with its price appreciating by close to 4 percent in the past week.

Litecoin 4-hour chart 

Litecoin’s price has seen a strong consolidation phase since the 25th of December. During the past week, the price of Litecoin has mostly moved sideways trading between a narrow channel between the $143 and $121 price levels.

Bitcoin’s momentum seems to have helped Litecoin as it now tests its immediate resistance at $143. However, if a price correction were to take place, the coin’s next support lies at $122. Taking the past month’s price action into account, one can see that Litecoin has relied on supports at $115 and $109 and the same levels may be of help if we were to see a reversal in the coin’s price trend.

Reasoning

Litecoin’s price is likely to rise on the charts as long as Bitcoin’s bullish momentum remains unhindered. If Litecoin is able to breach the current resistance, its price can see a steady uptrend develop. This is supported by Litecoin’s technical indicators at the moment.

The MACD indicator for Litecoin underwent a bullish crossover close to a day ago and shows no sign of a trend reversal as the MACD line continues to remain over the signal line. The RSI indicator echoes a similar sentiment as it continues to remain in the overbought zone, a common signal indicating that the value of the asset is likely to appreciate.

Conclusion

Taking into consideration Litecoin’s technical indicators and Bitcoin’s influence on LTC’s price action, it is likely that LTC will be able to go past its present level of resistance and register gains in the coming days. However, if a price drop were to take place, LTC may see a dip of around 13 percent, bringing its price all the way down to its immediate support at $121.

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Jude Gerald Lopez is a full time News Editor at AMBCrypto covering the US and Indian market. He is a post-graduate in English literature with around 4 years of teaching experience in Indian literature.

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unseen price levels off-late owing to Bitcoin’s surging price. Despite the rallying market, downwards pressure has put the LTC market in an indecisive position in the short-term.

LTC was being traded at $172.09, while the hourly candle appeared to be a long wick with minimal volume.

Litecoin one-hour chart

The Litecoin market was noting an active crypto market with the price rising higher within an ascending channel. This ascending price has followed a strong sell-off witnessed from $176 to $149, after which the price bounced back. The price zoomed past all the resistance levels visible for the digital asset and has been trading above $170.

However, this erratic movement of the token did not display a clear picture for the digital asset in the short term.

Reasoning

The indecisiveness in the market was visible as the Relative Strength Index was bouncing between the overbought and oversold zone over the past days. The value of RSI has been once again heading towards the overbought zone, but the selling pressure has kept it close to the equilibrium zone.

Whereas, the Awesome Oscillator has been indicating the rise of buying pressure in the short term as the value of the indicator was pushed above the zero-line. Even though it indicated that the short-term momentum was rising faster than the long term momentum.

Whereas the 50 moving average has been indicating a bullish market, but traders are moving to sell the digital asset. This could briefly push LTC into the sell zone, but there was no clear indication of a definitive short-term move.

Conclusion

The short-term momentum of Litecoin’s price has been undecided as most cryptos have remained in unchartered territory. While Bitcoin has also been moving in new price-levels, a sudden selling-pressure could impact the altcoin market too quite significantly.

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Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

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provided it does not lose the $9.5-region in the coming hours. OMG Network was strongly bullish, but could see a pullback to $3.49.

Bitcoin Cash noted a bearish divergence between the price and momentum as it approached the $460-level of resistance. The trading volume was subdued and the Stochastic RSI also flashed overbought.

The most recent trading session saw BCH recording losses, making it likely that BCH could see a move to the support at $414 over the next few hours.

This move would only be a pullback, however, as the trend behind BCH was bullish and further gains can be expected over the coming days.

DOT appeared to form an ascending triangle pattern on the charts, a bullish pattern that highlighted an upward breakout. A trading session close below $9.51 would invalidate this idea.

The OBV noted strong buying volume behind DOT’s recent gains and the trading volume has been high, even as upside momentum slowed down.

A close above the pattern would confirm a breakout while closing below $9.51 would imply that $9 could be tested over the next few days.

The outlook for DOT was bullish and a move towards $9 will be considered to be only a pullback.

The 20 SMA (white) on the 4-hour chart was racing to catch up with the strongly bullish OMG. Multiple levels of resistance were flipped to support over the past week, but a minor pullback seemed also to be on the cards.

In the short-term, the $4-level was of interest to the bulls and bears. Selling pressure forced the price back as it attempted to rise above $3.9 over the past 24 hours.

The MACD showed that bullish momentum was still present, but had slowed down. Over the coming hours, $3.7 and $3.49 levels will be of interest to the bulls.

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Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.

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large price swing yesterday. As the value of the largest digital asset, Bitcoin fell from $40k to $35k, and the overall altcoin market fell. The price of Polkadot has been noting strong downward momentum and the price has once again touched the support at $6.97.

At the time of writing, the price of DOT was at $7.77 and the selling pressure in the market may signal a short trade.

DOT one day chart

The daily chart shows the various levels of resistance the price of DOT has surpassed to peak at $11.99. Although the market appeared bullish, the price swing is likely to change this trend. The chart indicated two consecutive red candles noting strong downward pressure. This indicated that the price of the digital asset may plunge further.

Reasoning

The Bitcoin market has also been awaiting a large correction and as the price fell by almost $5k within hours, this could be a possible correction. As BTC’s price continued to sink, DOT’s price may also be pulled down along with it due to the correlation between Bitcoin and altcoin.

Meanwhile, the relative strength index, which remained in the overbought zone, has fallen to the equilibrium level. At this point, the selling and buying pressures were equal, which meant the traders were actively participating in the DOT market.

The Awesome Oscillator also indicated the falling of bullish momentum in the market as the selling increases.

Important Levels

Entry: $7.98 Stop-Loss: $8.77 Take-Profit: $5.72 Risk-to-Reward: 2.89

Conclusion

Polkadot’s price has been hit with bearish sentiment and has been spiraling down. The coin may continue to descend as the pressure from the Bitcoin market is also likely to influence it. The traders might be able to take a profit as the coin slips closer to its support at $5.71.

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Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

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breached the $40,000 level to register a high of $41,986. Ethereum was also trading above $1,200 and the altcoin market saw many coins, large-cap or otherwise, register good gains.

XRP had a rather unclear picture. Further bearish news or a correction across the market could easily see XRP lose the important $0.3 level to the bears.

We know how XRP’s surge to $0.78 turned out. What is important to consider is the fact that, prior to the breakout, XRP was trading within a range from $0.17 to $0.3 since July 2019.

In the long-term, $0.3 is a very important level indeed. That is why the move above this level over the past few days gave some hope to XRP bulls.

Even though XRP has a low correlation of +0.3 to BTC, it remains a fact that XRP has not seen anywhere near the expected appreciation while Bitcoin and Ether multiplied in value over the past few months. A deep correction in the crypto market will see XRP face intense selling pressure as well.

Hence, for XRP, a short position is likely to turn out to be the profitable bet over the coming weeks, provided $0.3 is ceded to the bears.

The RSI showed that the bearish momentum which seized XRP has given way to a more neutral outlook. The defense of the $0.3 level is of vital importance over the coming weeks.

A daily close beneath this level is very likely to see XRP register further losses, with the mid-point of the range at $0.23 likely to be tested in that case.

The RSI has not yet risen past neutral 50, and could be poised to test that value before heading downward once more alongside the price. The 100 day moving average (pink) can also be expected to offer resistance to XRP.

Note that this trade requires $0.3 to be lost and retested as resistance to enter a short position.

Stop-loss: $0.345

Take-profit: $0.23

Risk-to-reward: 1.56

In the scenario that XRP loses the $0.3 level to selling pressure, a short position is recommended. A consolidation above this level over the next few days does not necessarily mean that XRP is on the road to recovery, but a move above $0.36 would indicate bullish strength for XRP.

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Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.

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XRP, Tron, Zcash Price Analysis: 07 January

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between the $40k and $42k range for the past couple of days. This hinted at the possible beginning of the consolidation of the digital asset, which has also led to altcoins like Tezos to witness a change in trend. Tezos [XTZ], a popular mid-cap crypto, has climbed higher on the price ladder but its future moves are unclear.

At the time of writing, the price of XTZ has been at $2.823 with a market cap of $2.111 Billion.

Tezos one-hour chart

The hourly chart of XTZ has been indicating the rising price of the digital asset from $2.297 to $2.8582. However, given the long appreciating price of the digital asset, the value of XTZ may encounter sellers’ pressure going forward.

This could pose a good opportunity for traders to short the token.

Reasoning

The Relative Strength Index has also been indicating that the buying of the digital asset has been rising lately. XTZ has been close to being overbought has been frequented this level for a while now.

Whereas, the Awesome Oscillator also indicated that the buyer’s momentum was being replaced by a sellers’ momentum as the price was noting a minor downward shift. As the market decided upon the future of the coin, a selling pressure at this stage could push the value of the digital asset under the $2.7137 support.

Important Positions

Entry: $2.75 Stop-Loss: $2.8168 Take-Profit: $2.6189 Risk-to-Reward: 1.96

Conclusion

The changing market dynamic has been indicating that a price swing was making its way into the Tezos market. The indicators have been primed to introduce selling pressure in the market and the traders may be able to take a profit at $2.6189.

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Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.