Chain News Daily Official TheBitTimes.com

The cryptocurrency market continues to crash as traders and investors wonder when the digital assets will reach the bottom. In such an unpredictable market, players can look for technical indicators that assist in spotting potentially oversold cryptocurrencies to buy. One of these popular indicators is the Relative Strength Index (RSI), which measures an asset’s momentum based on its activity. The RSI considers a cryptocurrency’s average gains and losses within a 14 trading period. In particular, on September 6, Finbold turned to the 4-hour RSI data from CoinGlass , seeking potentially oversold buying opportunities. As of this writing, this period’s average relative strength index was at 41.23, indicating a neutral to weak momentum. Picks for you Mark Robinson’s net worth revealed: How rich is the Lieutenant Governor of No...

Cryptocurrencies started moving positively again this Friday, August 23, following Jerome Powell’s dovish speech at the Jackson Hole Symposium. In this context, trading experts, analysts, and investors weighed in with insights on Bitcoin (BTC) and promising altcoins to watch. The crypto analyst—known as LLuciano_BTC , who also goes by Lucky —was one of these traders, naming a “bullish outlook” price chart. In particular, Lucky reported a 10.41% 24-hour surge for MultiversX (EGLD) at $31.40 per token by posting time. Notably, the chart highlights a falling wedge pattern with two tests in the support line and three tests in resistance. This chart pattern illustrates an asset losing bearish momentum, usually breaking out after this formation amid a growing bullish sentiment. Picks for you Solana's 'Adam and Eve...