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
While the overall market seems relatively stagnant, SOL managed to surge by a strong 17.5% today as the cryptocurrency heads above the $40 level and is currently testing resistance near $44 - provided by a bearish .618 Fibonacci Retracement level.
Today, we released the top altcoins to watch for the week. These included Tron (TRX), Icon (ICX), and Origin Protocol (OGN).
Bitcoin is still down by a total of 37% over the past month as it currently trades at the $36,000 level. The cryptocurrency has been trading inside a symmetrical triangle pattern as the bulls and bears battle to gain control over the market. The breakout direction of this consolidation pattern is likely to dictate where the market will head toward next.
Bitcoin is down by a steep 6.5% today as the cryptocurrency falls into the $36,600 level. The cryptocurrency looked pretty promising yesterday as it broke above a short-term symmetrical triangle pattern and headed toward $39,000.
Dogecoin surged by a strong 22.5% today, allowing the cryptocurrency to climb back toward the $0.4 level. The coin had dropped from its ATH of $0.74 at the start of May and continued to fall until solid support was established at $0.3. It rebounded from this support at the start of this week as it broke a descending trend line and began its recovery.
Today, we released the top altcoins to watch for the week. These included Fetch.Ai (FET), Dusk Network (DUSK), and ARGON (ARGON).
Bitcoin might be up by a small 1.5% today, but the cryptocurrency is still down by a sharp 33.5% over the past month. On the bright side, it is trading exactly where it was trading a week ago as it battles around $36,000.
Bitcoin remains down by a total of308% over the past month as it drops beneath $37,000 today. The cryptocurrency had attempted to regain ground above $40,000 this week but failed to overcome resistance MEDIUM-TERMprovided by the 200-day MA and a bearish .382 Fib Retracement.
MATIC is seeing some serious growth after bouncing by 29% over the past 24 hours alone. The cryptocurrency is already close to the previous ATH price of $2.70, as it currently sits at $2.26. MATIC managed to find solid support at $1.06 (.618 Fib Retracement) during last week’s crypto price correction and has since rebounded.
Bitcoin took a sharp 19% price drop over the past week of trading as it falls beneath $33,000. It is currently attempting to rebound, but most of the sentiment metrics continue to look bearish.
