Bitcoin is looking likely to retest the $7,200 resistance level for the second time this week, as buyer confidence grows in the market today. This breakout will be vitally important for the #1 cryptocurrency by market cap, as it oscillates within dangerous territory near the critical $6,000 support beneath. BTC/USD has been a shadow of its former glory in Q1 this year, declining ever since BTC futures trading debuted on the Chicago Mercantile Exchange late last year. For 4 months the BTC market has struggled to keep its head above water after flurries of bad media press, restrictive regulation and...
Key Highlights ADA price faced a strong selling interest near $0.2240 and declined against the US Dollar (tethered). There was a break below a crucial ascending channel with support at $0.2060 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently holding the $0.180 support level, but it remains at a risk of more declines. Cardano price is showing a few bearish signs against the US Dollar and Bitcoin. ADA/USD could continue to move down if it breaks the $0.1800 support level Cardano Price Downside Break There was a decent upside earlier this week above $0.1800...
Key Points Bitcoin price is under heavy selling pressure as it tumbled below the $8,000 support against the US Dollar. There is a crucial contracting triangle forming with support at $7,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair may extend the current decline and it could even break the $7,400 and $7,000 support levels. Bitcoin price is poised to extend declines below $7,000 against the US Dollar. BTC/USD’s correction towards the $8,000 and $8,500 levels are likely to be capped. Bitcoin Price Bearish Trend There was hardly any relief for bitcoin price as it failed...
Key Highlights ETH price was under immense bearish pressure and it declined below the $560 support against the US Dollar. There is a major bearish trend line forming with resistance at $575 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair may continue to slide and it could even break the $500 level in the near term. Ethereum price declined sharply during the past few days against the US Dollar and Bitcoin. ETH/USD could continue to move down below the $500 level. Ethereum Price Decline This past week, a major downside move was initiated from the $750 swing high...
Key Highlights Ripple price is under a lot of pressure as it moved below the $0.7000 support against the US dollar. This week’s highlighted monster contracting triangle pattern with support near $0.7500 was broken on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading above the $0.6000 level, but it remains at a risk of more losses. Ripple price fell sharply against the US Dollar and Bitcoin. XRP/USD could extend declines in the near term as long as it is below the $0.7000 level. Ripple Price Resistance Buyers failed to initiate an...
Key Highlights Ripple price formed a nice support around $0.7400 and moved a few points higher against the US dollar. There is a major connecting bearish trend line forming with resistance at $0.8300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must break $0.8300 and $0.8400 resistance for further upsides in the near term. Ripple price is slowly gaining pace against the US Dollar and Bitcoin. XRP/USD must break the $0.8400 hurdle to set the pace for more gains. Sponsored Ripple Price Resistance After a major decline, there was a strong buying interest...
IOTA broke down from a symmetrical triangle chart formation to signal that bearish pressure is picking up. The chart pattern spans 1.2000 to 2.6000 so the resulting selloff could be of the same height. The 100 SMA is above the longer-term 200 SMA to signal that the path of least resistance is to the upside. However, the gap is pretty narrow so a downward crossover could still ensue and draw more sellers in. Sponsored Stochastic is on the move down to show that selling pressure is present. RSI is also heading south but is dipping into oversold levels to indicate...
Key Highlights ADA price remained in a bearish zone and it recently broke the $0.2840 support against the US Dollar (tethered). There is a major bearish trend line forming with resistance at $0.2780 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may correct a few points in the short term, but it remains sell on rallies around $0.2800. Cardano price is placed in the bearish zone against the US Dollar and Bitcoin. ADA/USD is likely to decline further with supports on the downside at $0.2710 and $0.2600. Cardano Price Downtrend There was no respite for...
Key Highlights Ripple price failed to remain in a bullish zone and broke the $0.9450 support against the US dollar. Yesterday’s short-term connecting bullish trend line with support at $0.9400 was broken on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently under pressure and it may fall back towards the $0.8800. Ripple price declined further in the bearish zone against the US Dollar and Bitcoin. XRP/USD may accelerate declines towards or below $0.8800. Ripple Price Decline There was no recovery above $1.00 yesterday in Ripple price against the US Dollar. The price extended declines and...
The Ripple/Bitcoin (XRP/BTC) pair launched its bull run on December 21, 2017 when the market took out resistance at 0.00006. Its momentum was so powerful that it went as high as 0.00022888 on January 4, 2018. That’s an astronomical 281.47% growth in just two weeks. At this point, however, the market was in extreme overbought territory. Breakout players exploited the opportunity to take profits. // -- Discuss and ask questions in our Facebook Group As selling pressure mounted, the market buckled and went as low as 0.00008150 on January 16. With a lower high in place, the pair bounced and...
- bitcoin cash
- bitcoin gold
- ethereum classic
- genesis vision
- how to
- study charts