The past few days haven’t been too kind to Bitcoin, to say the least; the leading cryptocurrency has retraced (some have called it more of a crash) from $10,000 to as low as $8,520 in a dramatic fashion, liquidating millions of dollars worth of BitMEX positions. Despite this, analysts remain optimistic. In fact, one top analyst,…
Stellar (XLM) has been incurring massive upside throughout the past couple of weeks, with the token’s price surging to fresh yearly highs just days ago.It is currently expressing some signs of weakness, however, as the token’s price recently faced a grim rejection that has since sparked an intense price decline.Analysts are noting that this ongoing…
Ethereum gained bullish momentum above the $240 resistance against the US Dollar. ETH price is currently correcting gains, but it is likely to resume its upside above $245. Ethereum settled above the $235 resistance and it climbed above the $242 resistance. The price traded as high as $247 and it is currently correcting lower. There…
Bitcoin bulls are currently attempting to turn weekly resistance at $11,500 into support. However, failure may be likely according to an ominous pattern the cryptocurrency is painting. Recent price action in the first-ever cryptocurrency closely mimics that of a Wyckoff distribution model. If that’s what’s playing out in the crypto market, Bitcoin could take a…
Ethereum is up over 2% and it broke the main $400 resistance against the US Dollar. ETH price is likely to accelerate higher once it clears the $408 resistance zone. ETH price is back in a positive zone above the $400 and $402 resistance levels against the US Dollar. There is a strong support forming…
Bitcoin price stayed above the $3,800 support area and recovered recently against the US Dollar. The price is trading above the $3,840 level and facing a strong resistance near the 100 hourly SMA. There is a key bearish trend line in place with resistance at $3,865 on the hourly chart of the BTC/USD pair (data…
Bitcoin price started a major downward move below the $8,200 and $8,000 supports against the US Dollar. The price even broke the key $7,600 support level and it is currently recovering higher. There are two major bearish trend lines forming with resistance near $7,950 and $8,200 on the hourly chart of the BTC/USD pair (data…
Ripple price traded higher recently above the $0.3250 resistance level against the US dollar. The price topped near the $0.3320 resistance and recently declined heavily below $0.3200. There is a connecting bullish trend line forming with support near $0.3160 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either…
There was a strong drop in bitcoin price below the $10,500 support against the US Dollar. The price is currently correcting losses, but it remains below key hurdles near $10,500. There is a bearish continuation pattern forming with support near $10,080 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair…
Ripple stared a strong rise from the $0.2460 support area against the US Dollar. XRP price rallied around 8% and it seems like it could soon climb towards $0.3000.Ripple price is up around 8% and it broke the $0.2700 resistance area against the US dollar.The price traded to a new 2020 high at $0.2760 and…