Yaz Sheikh, Publisher at CoinCodex
Yaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potential of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC.
Yaz Sheikh Latest Articles
Bitcoin didn’t start the week on a strong note this week and, as a result, the majority of the altcoin market is starting to suffer. This week, we featured PancakeSwap, Balancer and NEO as our top coins to watch due to the fundamental developments connected to the projects. Now, let's analyze how the coins associated with these projects are positioned in the market.
Bitcoin started the week on a somber note after falling by a sharp 7.5% to break beneath the $45,000 level and reach as low as $43,950 (.382 Fib Retracement) support. The cryptocurrency had fallen from a high of near $53,000 in the first week of September and eventually would find support at $44,800 last week and start to rebound higher from there.
Hedera Hashgraph is up by a whopping 97% over the past month of trading as the cryptocurrency sets new all-time high prices near $0.5. The coin started to rise in August to reach $0.28 but went on to explode in September after seeing a 50% price hike over the past week alone.
The Bitcoin volatility is starting to shift the market sentiment. As BTC continues to trend lower from last Tuesday’s market wipeout. This uncertainty is also being reflected in the altcoin market. In this week's top coins to watch article, we featured BOND, EXRD and ADX. Let's check out their charts to see how these assets are currently positioned in the market.
Ethereum rolled over today and dropped by a sharp 4% to fall into the $3,760 level. The cryptocurrency had surged as high as $4,000 over the weekend as it hit resistance at a bearish .886 Fib Retracement level. Unfortunately, BTC was unable to overcome the resistance at $4,000 and ended up falling from there.
Bitcoin managed to surpass $50,000 today, letting the optimism continue within the cryptocurrency market. With BTC above critical resistance, the altcoin market is starting to see some significant gains too. In this article, we will be checking out the charts for Cardano, Stacks and Chiliz, which are our top 3 coins to watch for this week.
Bitcoin surged another 4% today, allowing the cryptocurrency to clear $50,000 and head toward $52,000. The coin has been trading inside an ascending wedge pattern since the start of August and recently found support at the lower angle of the wedge earlier in September.
The total market cap for exchange tokens is now approaching the $125 billion level with a strong 4% overall price hike in the market cap over the last week. Over the past week, Binance Coin remained stagnant at $480 while Uniswap saw a 15% price hike. OKB saw an 8.3% price increase and FTX Token surged by a strong 18%.
With Bitcoin battling to cross the $50,000 threshold, many altcoins continue their recovery back to their May highs - some have even managed to already set new ATH prices. In this article, we'll be taking a look at this week's top coins to watch, KCS, ALICE, and ZIL, from a technical analysis perspective.
The bull run for Bitcoin seems to have slowed down a bit since hitting the resistance at $50,000 last week. The cryptocurrency attempted to break $50,000 last Monday but failed to hold above the level and ended up heading lower during the week.
