Azeez Mustapha, Publisher at CoinCodex
Azeez is a technical analyst, specializing in cryptocurrency markets. With a deep understanding of technical indicators and market psychology, Azeez began his journey in the crypto world in 2019. His expertise lies in dissecting complex market patterns and translating them into clear, understandable forecasts and trading signals for his readers.
Azeez Mustapha Latest Articles
For the past three months, DASH has been trending higher after joining the new ascending trend line (orange) in early February; nearing $150 before retracing back to $105 on the orange line. After the retracement, DASH market bounces up to a current trading price of $123 level; aiming at $130 resistance level.
Following the long-term perspective, Cardano has maintained an upward movement for over three months before the market switched to a downward direction in April. As of now, the bearish correction is still in motion and it may probably last to the $0.052 support level, testing the 200-day moving average (white line).
XRP’s value had substantially depreciated again after the April rally which was rejected at the $0.4 tight area, plunged below the $0.3 initial support level and created a new one at $0.28.
For the past three months, ETH has remained intact in following the bullish channel pattern.
After breaking the last high of $5,600 on May 3, BTC posted another high at the $5,800 level before the current retest of $5,600.
The NEO/USD pair was in a bullish trend in the first week of April 2019. On April 5, the bulls reached a high of $13.65 but were resisted and crypto’s price made a downward correction.
While most of the top 20 coins have crossed the crucial 200-day moving average (red line), XRP is still trending below this important technical indicator. For the past three months, XRP has been trading above the 40 level of the RSI and the trend is becoming more realistic for a positive move. We may expect the next rise to hit the $0.36 resistance level.
To a significant point, Cardano price has successfully stayed above the $0.06; a tough resistance turned support level. The positive move has tested the $0.01 pre-September drop area before turning down on a slow rally to retest the mid-March crucial support at $0.06 level.
The BTCUSD pair is trading in the bullish trend zone above the 12-day EMA and the 26-day EMA. On April 8, the bulls tested the $5,350 resistance level and were resisted. The second attempt by the bulls to break the resistance level resulted in the Bitcoin price falling to the $5,000 support level or to the support of the 12-day EMA.
