Amb Crypto

Polkadot, Dash, Uniswap Price Analysis: 24 January

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Polkadot was rejected at range highs as the price made a weak attempt to break above, and was headed toward the $16.5 price level. Continuation of the downtrend of the past two weeks can not yet be ruled out for Dash as it bounced off a level of support, while Uniswap was in a strong uptrend and projected a target of $12.39.

Polkadot [DOT]

Polkadot, Dash, Uniswap Price Analysis: 24 January

Source: DOT/USDT on TradingView

DOT was trading within the range from $14.95 to $18.25. It saw a trading session close above it at $18.74 but the price was pushed back beneath the upper boundary over the past few hours.

The OBV showed that there was an equilibrium between buying and selling volume over the past ten days. The MACD also hinted that the past couple of days saw neutral to slightly bullish momentum for DOT. During the same period, trading volume has also been subdued.

Failure to break past the range highs would likely see DOT approach the mid-point of the range at $16.5 over the next few days.

Dash [DASH]

Polkadot, Dash, Uniswap Price Analysis: 24 January

Source: DASH/USDT on TradingView

Since posting the highs of $158 two weeks ago, Dash has been in a downtrend. The longest duration of a bounce in this time period was close to four days. The current bounce for DASH – off the $93 support level, saw the price rise to the 61.8% retracement level at $107.

If this bounce lasts longer than four days, it can be considered to be a possible recovery. If it drops before, then it will be confirmed to have been a bounce.

The $107 and $113 levels represent imminent levels of resistance. The RSI was below neutral 50 and showed that the downtrend was not yet broken.

Uniswap [UNI]

Polkadot, Dash, Uniswap Price Analysis: 24 January

Source: UNI/USDT on TradingView

Using the swing low and previous swing high at $4.39 and $9.93 respectively, Fibonacci retracement levels were drawn to plot levels of support. The price dropped to the 38.2% retracement level and found support in its vicinity.

A breakout past $9.4 projected a target of $12.39 for UNI, which is the 27% extension of its upward move from $4.39.

The Awesome Oscillator showed mounting bullish momentum, but the A/D indicator showed a bearish divergence as the price made a higher high while the A/D formed a lower high. A pullback is not confirmed, but $9 and $8.2 can offer buying opportunities if UNI sees a drop.

Source: https://ambcrypto.com/polkadot-dash-uniswap-price-analysis-24-january/

Amb Crypto

Bitcoin’s market may have seen its strongest bull signal since fall below $50k

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At the time of writing, Bitcoin’s price was yet to fully recover from the massive depreciation that followed its ATH of $58,640. However, while BTC was valued at just under $48,000 at the time, it is worth noting that there have been significant Coinbase outflows since 25 February and these outflows seemed to be signaling […] Source: https://ambcrypto.com/bitcoins-market-may-have-seen-its-strongest-bull-signal-since-fall-below-50k/

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Amb Crypto

‘Bitcoin could reach $1 million or $1, and may do both of those’

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While many analysts predict that either Bitcoin could increase to a million or fall to a dollar, a popular businessman and investor based in the US thinks that the asset could do both! In a recent interview with Joe Kernen at CNBC’s Squawk Box, Internet analyst Henry Blodget of the dot com era fame said:  […] Source: https://ambcrypto.com/bitcoin-could-reach-1-million-or-1-and-may-do-both-of-those/

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Amb Crypto

Here’s how IOHK’s glow will simplify smart contract writing for Cardano

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Blockchain research firm IOHK recently announced the launch of Glow, an open-source programming language on the Cardano blockchain, which will allow anyone to write blockchain-based applications and deploy them on the network. IOHK has partnered with startup MuKn to introduce the domain-specific language. The language will initially launch on Cardano’s Ethereum Virtual Machine (EVM) developer […] Source: https://ambcrypto.com/heres-how-cardano-plans-to-simplify-smart-contract-writing/

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Amb Crypto

Why Etsy will not accept Bitcoin as payment ‘right now’

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Etsy Inc., which reported a strong revenue growth last year, alongside a surge in e-commerce amid the pandemic, does not intend to accept Bitcoin as payments on the leading e-commerce website, at least for now. According to President and CEO of Etsy, Josh Silverman until more people buy and also use the digital currency, he […] Source: https://ambcrypto.com/why-etsy-will-not-accept-bitcoin-as-payment-right-now/

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