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  While the Ethereum (ETH)/USD pair is struggling to hold on above support, the ETH/BTC one is showing strong signs of an impending breakout. 
ETH has been decreasing since reaching an all-time high price of $4,867 on Nov 9. The decrease led to a low of $3,960 on Nov 18, before the token bounced. It created a long lower wick (green icon), which is considered a sign of buying pressure.
The wick transpired inside the horizontal $4,180 support area. This is a crucial area, since it previously acted as the all-time high resistance. Therefore, the current decrease looks like a re-test after a breakout. 
The next support area is at $3,650. This is the 0.382 Fib retracement support level.
Chart By TradingView
The shorter-term two-hour chart shows that ETH has broken out from a descending resistance line and validated it as support afterwards (green icon). 
This is another bullish sign, that suggests the short-term correction has come to an end.
Chart By TradingView
ETH/BTC
Cryptocurrency trader @Pentosh1 outlined an ETH/BTC chart, stating that the token could go all the way to ₿0.1
Source: Twitter
The daily chart shows that ETH is trading inside a symmetrical triangle. It has been doing so since May 13. 
While the triangle is considered a neutral pattern, it is transpiring after an upward movement. Therefore, a breakout from it would be more likely than a breakdown.
Furthermore, technical indicators support the continuation of the upward movement.
The MACD, which is created by a short- and a long-term moving average (MA) is positive and moving upwards. This means that the short-term MA is moving at a faster rate than the long-term one. 
Furthermore, the RSI, a momentum indicator, is above 50 and increasing. This is a sign associated with bullish trends.
Chart By TradingView
The wave count also indicates that ETH/BTC is in wave four of a five wave upward movement. Wave four most often takes the shape of a symmetrical triangle. After the triangle is complete, another upward movement would be likely, which would take ETH towards new highs. 
The1.61 external Fib retracement level on wave four provides a target of ₿0.099, aligning with that from the tweet.
Chart By TradingView


For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.
  The post Ethereum (ETH) Re-Tests Previous All-Time High Level appeared first on BeInCrypto.


While the Ethereum (ETH)/USD pair is struggling to hold on above support, the ETH/BTC one is showing strong signs of an impending breakout. 
The post Ethereum (ETH) Re-Tests Previous All-Time High Level appeared first on BeInCrypto.


beincrypto.com

Ethereum (ETH) Re-Tests Previous All-Time High Level

The BAT/USD chart presents the token is still under an uptrend. However, the token price is quite close to the crucial support of $1, and with the current bearish momentum, it poses a good chance to drop below this level. Check out what can be expected next?
Key technical points:

The BAT token forms a descending triangle pattern in the 4-hour time frame chart
The daily RSI line drooping at a greater speed than the price action
The intraday trading volume in the BAT token is $180.7 Million, indicating an 8% loss


Source- BAT/USD chart by Tradingview
Reclaiming the $1 resistance was a crucial step up for the BAT token investors. This rally was triggered at the end of October, significantly increasing the token price by reaching the $1.4 mark. However, the price had to retrace back to retest the new support of $1 and till today its is still hovering near this level.
As per the crucial EMAs(20. 50, 100, and 200), the BAT token still maintains its bullish trend as the price is trading above these EMA lines.
The Relative Strength Index(51) line is steadily dropping to the lower level, indicating the increasing strength of the market sellers.
BAT/USD Chart In The 4-hour Time Frame

Source- BAT/USD chart by Tradingview
This BAT price action suggests an even further fall in the token by forming a descending triangle pattern in the 4-hour time frame chart. The neckline for this pattern is at $0.95, and the token traders could grab a great short opportunity if the price gives a proper breakdown from this bottom support.
The MACD indicators project a bearish momentum in this token, where both its line MACD and signal are moving below the neutral zone.
 
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The post Basic Attention token Price Analysis: The Technical Chart Hints The BAT Token Posses A Threat of Dropping Back To The $0.765 Mark appeared first on Coingape.


The BAT/USD chart presents the token is still under an uptrend. However, the token price is quite close to the crucial support of $1, and with the current bearish momentum, it poses a good chance to drop below this level. Check out what can be expected next? Key technical points: The BAT token fo...

coingape.com

Basic Attention token Price Analysis: The Technical Chart Hints The BAT Token Posses A Threat of Dropping Back To The $0.765 Mark

Non-fungible token (NFT) sales have dropped considerably during the last month as cryptocurrency values have seen significant losses in recent times. NFT sales saw a quick spike when a number of crypto assets neared all-time price highs in mid-November, but sales quickly plummeted back down following the crypto market downturn. 
A Number of NFT Sales Slide Following Crypto Market Downturn
Throughout the year, NFTs have seen massive demand and markets have processed billions of dollars in sales. In the midst of the all-time highs bitcoin, ethereum, and numerous other crypto assets saw in mid-November, NFT sales regained momentum after a downward slump in sales since October 24.
The spike in NFT sales took place on November 15 and lasted only 24 hours. Since the end of October, the number of NFT sales dropped 28.79% according to market metrics from nonfungible.com. Despite the number of NFT sales sliding, the U.S. dollar value of sales stemming from October 24 until today is not such a drastic plunge, only down 16.73%.

The drop over the last 30 days can be seen across popular NFT marketplaces and some of the most popular NFT collections. For instance, during the last month, Opensea sales have dropped 29.22% and the number of traders on Opensea also slid by 15.32%, according to dappradar.com statistics. Two Solana NFT marketplaces saw sales dive bomb this past month as Magic Eden saw sales drop by 11.28%, and Solana Art sales dipped by 68.36%.
NFT marketplaces like Superrare sales are down 33.56% and Rarible lost 20.09% this past month. The NFT platform Foundation saw sales drop by ​​18.47%, NFT sales on Pancakeswap have slipped 90.61%, and after the Tezos-based marketplace, Hic et nunc returned, sales are down 46.97% in 30 days. The Flow-based NBA Top Shot’s sales have slipped this past month as well and are down 11.33% on Tuesday.
However, not all NFT platforms that allow people to buy and sell digital collectibles have seen sales drop. The blockchain-based game Axie Infinity’s NFT sales are up 41.35% and the number of Axie Infinity traders has jumped 42.94% last month.
The NFT collection Cryptopunks has seen sales rise over the last month gaining 274.35% since October 24. Wax blockchain sales on the Atomicmarket NFT marketplace are up 313.7% in 30 days and the Ethereum-based metaverse world Decentraland’s NFTs sales are up 339.09% this past month.
Meanwhile, specific NFTs are still selling for millions or hundreds of thousands of dollars in crypto depending on the collection. Cryptopunk 9,998 sold this month for $529.77 million at the time of sale, or 124,450 ether. An NFT called “A Coin for the Ferryman” sold for six million dollars or 1,330 ether. Approximately 20 NFTs sold for over $1 million during the last 30 days according to dappradar.com statistics.

Being the most expensive digital asset sold in 30 days, Cryptopunk 9,998 represented a large portion of the $1.8 billion in Ethereum-based NFT sales last month. Although the Cryptopunk 9,998 sale was controversial, and some didn’t consider it a sale at all. The top NFT collections during the last 24 hours include JRNY NFT Club V2, Axie Infinity, Chain Runners NFT, The Sandbox, Wolfgame, and Cryptopunks, respectively.
What do you think about the slump in NFT sales during the last month? Do you think NFT sales are sliding because crypto markets have slipped in value? Let us know what you think about this subject in the comments section below. 



























Non-fungible token (NFT) sales have dropped considerably during the last month as cryptocurrency values have seen significant losses in recent times. NFT sales saw a quick spike when a number of crypto assets neared all-time price highs in mid-November, but sales quickly plummeted back down follo...

news.bitcoin.com

Monthly NFT Metrics Dive Bomb, NFT Sales Measured in USD Slip 16%

Last week, El Salvador announced plans to launch a Bitcoin City along with launching $1 billion in Bitcoin bonds. However, the country’s aggressive adoption of BTC hasn’t gone well with the global community.
El Salvador’s Dollar debt has been tanking significantly and dropped another 2.2 cents on Monday, November 22. El Salvador’s dollar-denominated notes, due in 2050, dropped to their lowest ever to 64.4 cents. El Salvador’s USD debt was among the worst performers on Monday.
Courtesy: Bloomberg
Despite some warnings from the IMF, El Salvador has considered making further moves into Bitcoin. Moreover, releasing these sovereign Bitcoin bonds further closes the door on a deal with the IMF. Speaking to Bloomberg, Nathalie Marshik, a Stifel Nicolaus & Co. managing director said:
“This announcement cements the ‘anything-but-the-IMF’ path. Bonds are falling “as the market reassesses possible recovery value lower on unpredictability of policies.”
El Salvador’s Debt In Distress
Currently, El Salvador’s next big payment to external creditors isn’t due by January 2023. As a result, the $1 billion worth of tokenized bonds can give some respite. Also, the talks with the IMF for a $1.3 billion worth of loan have been downgraded to an annual Article IV review.
The country’s debt is currently in the distressed territory. Investors are now demanding an extra yield of 1,168 basis points to hold El Salvador’s Dollar bonds over the U.S. Treasuries. JPMorgan Chase & Co. noted that the plans of Bitcoin tokenized bonds might give the El Salvador government some breathing room, however, it will also add to potential risks and uncertainties.
The proposed Bitcoin bonds will be giving a 6.5% annual return over a 10-year period along with the added dividend of 50% over the Bitcoin gains. Carlos de Sousa, a portfolio manager at Vontobel Asset Management in Zurich, said that 50% returns might look attractive. However, it is only subject to the BTC price surge.
“If you have too much money on Bitcoin and you’d like to de-risk, this instrument, conditional that you can only share gains and not losses, gives you a 25% upside but no Bitcoin downside, of course, at the cost of El Salvador’s default risk,” he said. “But since it’s for retail investors, maybe the sovereign default risk is not something they’re focused on.”
On the flip side, there’s also a chance that the Bitcoin bonds might attract pockets of investment from institutional players on Wall Street.
The post El Salvador’s USD-denominated Bonds Take a Hit After The Bitcoin Bonds Announcement appeared first on Coingape.


Last week, El Salvador announced plans to launch a Bitcoin City along with launching $1 billion in Bitcoin bonds. However, the country&#8217;s aggressive adoption of BTC hasn&#8217;t gone well with the global community. El Salvador&#8217;s Dollar debt has been tanking significantly and dropped an...

El Salvador’s USD-denominated Bonds Take a Hit After The Bitcoin Bonds Announcement

The overall trend ONE/USD price remains bullish; however, for the last three weeks, the coin was going through a retracement phase which now obtained good support from the $0.227 support. If the price could rechallenge the previous All-TIme High of $0.38, the coin would have a good chance to continue its rally.
Key technical points:

The ONE coin price reclaimed the 20-and-50-day EMA line
The ONE price gave a breakout from a falling parallel channel pattern in the four-hour time frame chart
The intraday trading volume in the ONE coin is $392.1 Million, indicating a 73.8% gain


Source- ONE/USD chart by Tradingview
As mentioned in my previous article on ONE/USD, the coin price faced strong rejection from the $0.38 resistance and entered the retracement phase. This pullback dropped the coin price back to the $0.227 support, where it obtained sufficient demand pressure to continue its rally. 
According to crucial EMAs(20, 50, 100, and 200), the overall trend of this coin is bullish. Moreover, the ONE price also managed to reclaim the 20 and 50 EMA lines.
The Relative Strength Index(54) indicates a bullish sentiment in the coin. Moreover, the RSI line has also breached its resistance trendline, projecting the growing strength of the market buyers.
ONE/USD Chart In The 4-hour Time Frame

Source- ONE/USD chart by Tradingview
The ONE coin resonated in a falling parallel channel pattern in the 4-hour time frame chart. The coin price gave a bullish breakout from this pattern providing a great confirmation for a bullish reversal. 
The coin price retraces back to obtain support from the descending trendline, which should validate this breakout and help the coin to reach the All-Time High resistance of $0.38.
As per the traditional pivot levels, the crypto trader can expect the nearest support level for this coin at $0.285. And on the flip side, the resistance levels are $0.33 and $0.365.
 
The post Harmony Price Analysis: ONE Coin Price Seems Ready To Continue Its Rally  appeared first on Coingape.


The overall trend ONE/USD price remains bullish; however, for the last three weeks, the coin was going through a retracement phase which now obtained good support from the $0.227 support. If the price could rechallenge the previous All-TIme High of $0.38, the coin would have a good chance to cont...

Binance USD price	$0.997023
Low - High 24H	$0.992612 - $1.02
Market cap	$13.11B
Volume 24H	$5.37B
All time high	$1.15 -13.47% March 13th 2020
All time low	$0.901127 10.83% May 19th 2021
Genesis date	N/A

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