ETH price failed to gain pace above the key $300 resistance area against the US Dollar. There was a sharp decline below the $290 and $295 support levels. There is a major bearish trend line forming with resistance near $290 on the hourly chart of ETH/USD (data feed via Kraken). The price is at risk…
Bitcoin’s revival is considered to be Facebook’s Libra doing. The social media’s giant sudden foray into the cryptocurrency industry gave bitcoin, as many believe, a perfect reason to grow its valuation. That is until one considers a simultaneous price rally that took place in the gold market. Bitcoin’s rise above the $13,000 level has only…
There was a steady rise in bitcoin price and it tested the $12,000 resistance level. It traded as high as $12,053 and is currently correcting gains towards $11,600. There is a new connecting bullish trend line forming with support near $11,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…
The total crypto market cap climbed further higher and broke the $310.0B resistance area. Bitcoin price extended its upward move and climbed towards the key $12,000 resistance. Binance coin (BNB) price is currently trading with a positive bias above the $32.50 support. Litecoin (LTC) price is struggling to move above the $122 and $124 resistance…
Ripple price remained in broad range and recently tested the $0.4070 level against the US dollar. The price is currently trading above the $0.4000 support, but it is facing many hurdles on the upside. There is a connecting bullish trend line forming with support at $0.4008 on the hourly chart of the XRP/USD pair (data…
Ripple price traded to a new monthly low at $0.3810 and corrected higher support against the US dollar. The price is struggling to gain bullish momentum and it is still trading well below $0.4275. Yesterday’s highlighted key bearish trend line was breached with resistance near $0.3985 on the hourly chart of the XRP/USD pair (data…
ETH price declined to a new monthly at $271 and recently recovered against the US Dollar. There was a sharp increase above the $280 and $290 resistance levels in the past two sessions. There was a break above a major bearish trend line with resistance near $286 on the hourly chart of ETH/USD (data feed…
The price of bitcoin closed the second quarter of 2019 at a profit of approx 189 percent. Many claimed that it was Facebook’s Libra announcement that injected a fresh wave of optimism in the bitcoin market. Others believed that the ongoing US-China trade war and its impact on the macroeconomic sentiment influenced investors to consider…
There were continuous losses in bitcoin price below the $10,500 support against the US Dollar. The price even broke the key $10,000 support and traded to a new weekly low. There is a major declining channel forming with resistance near $10,270 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…
The bullish outlook for bitcoin improved exceptionally in the second quarter of 2019 as the cryptocurrency surged by more than 165 percent. But according to a crucial technical indicator, a sharp reversal is underway. Prominent market analyst Josh Rager spotted Shooting Star — a candlestick pattern in which an open, low, and close, are virtually the…