10 Cryptos Making Technical Analysis Moves for 3/12/2022

For this 3/12/2022, we look at cryptocurrencies making waves from Technical Analysis Perspective.


Traders of different trading timeframe philosophies would agree that it is important to gain an understanding of a currency pair's price action. This importance varies among traders, but it still remains important as traders look to buy low and sell high. Every day presents new opportunities to examine cryptocurrencies and their price movement (technical analysis).

Let’s examine the cryptocurrencies that have made the most recent technical analysis moves with various indicators. This is not an exhaustive list, this is just a selection of cryptos that have made a significant movement or have made a shift. None of the below is financial advice, you are encouraged to do your research before trading or investing in any securities. Cryptocurrency positions carry risk of loss of investment principal.

Cryptocurrency #1:ADAUSD



The hourly price is below the cloud (kumo), the price is below the Kijun Sen (a measure of the average of the highest high and lowest low over the last 26 periods, which happens to be hours on a hourly chart), and the Tenkan Sen (a measure of the average of the highest high and lowest low over the last 9 periods, which happens to be hours on a hourly chart) is below the Kijun Sen. All of this points to a bearish trend.

The daily trend is an downswing and the Bollinger Bands support this case, the price is contained between the first and second Standard Deviation levels below the mean.


Cryptocurrency #2:DAIUSD



Examining the Moving Average Convergence Divergence (MACD) for DAIUSD, the signal line crossed below the MACD Line and the MACD Histogram crossed below the Zero Line in the previous trading hour on the hourly chart. This is a bearish signal, especially when combined with an downward price trend.

On the daily chart for DAIUSD, the Moving Average Convergence Divergence (MACD) is showing a bearish signal, the signal line crossed below the MACD Line and the MACD Histogram crossed below the Zero Line in the previous trading day on the daily chart.


Cryptocurrency #3:EDOUSD



EDOUSD is appearing bearish according to the Moving Average Convergence Divergence (MACD) indicator on a hourly chart with the common default settings of a 12 hour Exponential Moving Average less the 26 hour Exponential Moving Average with the 9 hour Exponential Moving Average to be used as the Signal Line. The signal line crossed below the MACD Line and the MACD Histogram crossed below the Zero Line in the previous trading hour on the hourly chart.

EDOUSD is appearing bearish according to the Moving Average Convergence Divergence (MACD) indicator on a daily chart with the common default settings of a 12 day Exponential Moving Average less the 26 day Exponential Moving Average with the 9 day Exponential Moving Average to be used as the Signal Line. The signal line crossed below the MACD Line and the MACD Histogram crossed below the Zero Line in the previous trading day on the daily chart.

The daily price is below the cloud (kumo), the price is below the Kijun Sen (a measure of the average of the highest high and lowest low over the last 26 periods, which happens to be days on a daily chart), and the Tenkan Sen (a measure of the average of the highest high and lowest low over the last 9 periods, which happens to be days on a daily chart) is below the Kijun Sen. All of this points to a bearish trend.

EDOUSD's daily trend is bearish and the Bollinger Bands support this as the price is contained between the first and second Standard Deviation levels below the mean.


Cryptocurrency #4:LRCUSD



The hourly price is below the cloud (kumo), the price is below the Kijun Sen (a measure of the average of the highest high and lowest low over the last 26 periods, which happens to be hours on a hourly chart), and the Tenkan Sen (a measure of the average of the highest high and lowest low over the last 9 periods, which happens to be hours on a hourly chart) is below the Kijun Sen. All of this points to a bearish trend.

LRCUSD's daily trend is bearish and the Bollinger Bands support this as the price is contained between the first and second Standard Deviation levels below the mean.


Cryptocurrency #5:PAXUSD



PAXUSD is appearing bearish according to the Moving Average Convergence Divergence (MACD) indicator on a hourly chart with the common default settings of a 12 hour Exponential Moving Average less the 26 hour Exponential Moving Average with the 9 hour Exponential Moving Average to be used as the Signal Line. The signal line crossed below the MACD Line and the MACD Histogram crossed below the Zero Line in the previous trading hour on the hourly chart.

Examining the Moving Average Convergence Divergence (MACD) for PAXUSD, the signal line crossed below the MACD Line and the MACD Histogram crossed below the Zero Line in the previous trading day on the daily chart. This is a bearish signal, especially when combined with an downward price trend.

The daily price is below the cloud (kumo), the price is below the Kijun Sen (a measure of the average of the highest high and lowest low over the last 26 periods, which happens to be days on a daily chart), and the Tenkan Sen (a measure of the average of the highest high and lowest low over the last 9 periods, which happens to be days on a daily chart) is below the Kijun Sen. All of this points to a bearish trend.


Cryptocurrency #6:REQUSD



The hourly price is below the cloud (kumo), the price is below the Kijun Sen (a measure of the average of the highest high and lowest low over the last 26 periods, which happens to be hours on a hourly chart), and the Tenkan Sen (a measure of the average of the highest high and lowest low over the last 9 periods, which happens to be hours on a hourly chart) is below the Kijun Sen. All of this points to a bearish trend.

REQUSD's daily trend is bearish and the Bollinger Bands support this as the price is contained between the first and second Standard Deviation levels below the mean.


Cryptocurrency #7:TSDUSD



On the hourly chart for TSDUSD, the Moving Average Convergence Divergence (MACD) is showing a bullish signal, the signal line crossed above the MACD Line and the MACD Histogram crossed above the Zero Line in the previous trading hour on the hourly chart.

Examining the Moving Average Convergence Divergence (MACD) for TSDUSD, the signal line crossed above the MACD Line and the MACD Histogram crossed above the Zero Line in the previous trading day on the daily chart. This is a bullish signal, especially when combined with an upward price trend.


Cryptocurrency #8:XSNUSD



XSNUSD is appearing bullish according to the Moving Average Convergence Divergence (MACD) indicator on a hourly chart with the common default settings of a 12 hour Exponential Moving Average less the 26 hour Exponential Moving Average with the 9 hour Exponential Moving Average to be used as the Signal Line. The signal line crossed above the MACD Line and the MACD Histogram crossed above the Zero Line in the previous trading hour on the hourly chart.

XSNUSD's daily trend is bearish and the Bollinger Bands support this as the price is contained between the first and second Standard Deviation levels below the mean.


Cryptocurrency #9:ZRXUSD



The hourly price is below the cloud (kumo), the price is below the Kijun Sen (a measure of the average of the highest high and lowest low over the last 26 periods, which happens to be hours on a hourly chart), and the Tenkan Sen (a measure of the average of the highest high and lowest low over the last 9 periods, which happens to be hours on a hourly chart) is below the Kijun Sen. All of this points to a bearish trend.

On the daily chart for ZRXUSD, the Moving Average Convergence Divergence (MACD) is showing a bullish signal, the signal line crossed above the MACD Line and the MACD Histogram crossed above the Zero Line in the previous trading day on the daily chart.















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