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
Matic has been on an absolute TEAR this month as the cryptocurrency rises by a solid 110%! Matic has seen a further 41% price surge over the past 7 days alone which has allowed the price frot the cryptocurrency to rise into the $0.02638 level.
In simple terms, divergence is the process in which the indicators do not agree with what is happening with the current price action. The concept helps us get a gauge of how strong or weak the underlying momentum is within the market.
Ethereum has seen a sharp price decline totaling around 4% over the past 24 hours of trading. This price drop is largely a result of BTC collapsing back toward the $8,077 level. Ethereum now trades at a price of around $175 with a price of ₿0.0215 against BTC.
Bitcoin dominance is often closely watched by altcoin traders as they look for any signs to suggest that altcoin season may be underway.
Bitcoin has been on a powerful run after rebounding at the previous support at $7,396. The rebound had allowed for Bitcoin to increase by a total of 26% to reach the current price of around $9,362. During the rally, Bitcoin had managed to surge to a high of $10,522, equating to a 42% price hike over 2 days, before the market encountered resistance and rolled over.
MakerDAO is something quite special within the cryptocurrency industry, as it is one of the most important projects in the new world of decentralized finance (DeFi).
Litecoin has continued to suffer losses over the past 2 weeks, dropping a further -11% to reach the current trading price of $65.5. During the 14-day period, Litecoin has fallen beneath a major long term support trend line which we had expected to provide support for the market.
Litecoin has seen a small -1.45% price fall over the past 24 hours which has brought the price for the coin down to $72.91 at the time of writing. Litecoin has suffered a 14.28% price decline over the past 2 weeks with a further -37% price drop over the past 90 days.
Ethereum has seen a nice small rebound that allowed the price for the cryptocurrency to increase by 1.5% over the past 24 hours to reach a price tag of about $190. The cryptocurrency was trading within a very steep downtrend channel against Bitcoin over the past 2 months and has just managed to break above the upper boundary of the channel.
Litecoin has seen a sharp 10% price decline over the past 7 trading days which has caused the price for the cryptocurrency to drop to the $85.64 level. The cryptocurrency had been trading sideways within a triangle consolidation pattern but has recently broken through the bottom in the past few days.
