Search results for Stochastic RSI
Crypto
Shiba Inu down 90 percent from 2021 peak; conditions for trend reversal
Shiba Inu is down more than 90 percent from its 2021 peak and remains trapped below a long-term resistance line, an analysis said. The market is watching whether it can reclaim $0.0000070 and the area near $0.0000100, while holding support around $0.00000600. Technical indicators remain bearish, though a short-term chart shows some stabilisation signals after a correction, with a possible move back above $0.00000720.
Crypto
Bitcoin stochastic RSI shows bottom signal that ended 2022 downturn
Bitcoin’s stochastic RSI is moving almost exactly as it did near the end of the 2022 bear market, prompting expectations that an early-2023-style rebound could reappear. Crypto trader Quantum Ascend said Bitcoin’s daily stochastic RSI is passing through the same zone as in 2022 and breaking above the same level. The comparison chart shows a double bottom late in 2022 before a joint rise in early 2023. Some traders still warn of downside risks.
Crypto
Bitcoin back to 2021 price level? Five key variables to watch this week
Bitcoin begins the first week of February near a 16-month low, with markets watching both a possible retest of the 2021 bull-market peak area and the risk of further declines. Traders cited technical indicators, CME bitcoin futures price gaps, the macro environment and signs of weakening U.S. spot demand as key drivers this week. They are also monitoring corporate earnings, U.S. jobs data, Fed officials\' remarks and uncertainty over a Fed chair replacement.
