Bitcoin price declined sharply after it broke the key $5,400 and $5,380 supports against the US Dollar. The price even broke the $5,000 support level and tested the $4,900 support area. There was a break below a major bullish trend line with support at $5,410 on the hourly chart of the BTC/USD pair (data feed…
The total crypto market cap tumbled sharply, but it stayed above the main $156.0B support. Bitcoin cash price declined sharply, but recovered above $268 and $270. EOS price tested the $4.60 support level and it recently bounced back above $4.70. Stellar (XLM) price is under a lot of pressure and it recently broke the $0.1000…
Ripple price declined heavily after it broke the $0.3000 support area against the US dollar. The price broke the $0.2920 and $0.2850 support levels, and traded close to $0.2800. Yesterday’s highlighted key bearish trend line is intact with resistance at $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair…
ETH price failed to stay above the $158 and the $160 support levels against the US Dollar. Tether drama sparked a strong declined below the $155 and $150 support levels. Yesterday’s highlighted key bearish trend line is intact with resistance near $162 on the hourly chart of ETH/USD (data feed via Kraken). The pair is…
Bitcoin price corrected lower recently and traded below $5,500 and $5,480 against the US Dollar. The price traded close to the $5,370 level and it is currently trading with a bearish bias. There is a key bullish trend line formed with support at $5,405 on the hourly chart of the BTC/USD pair (data feed from…
The total crypto market cap is currently declining and broke the $170.0B support level. Binance coin (BNB) price is rebounding and it is currently up around 4% to $23.20. Litecoin (LTC) price broke the $76.00 and $75.00 support levels to move into a bearish zone. Bitcoin cash price is under a lot of pressure below…
Ripple price declined further below the $0.3040 and $0.3000 support levels against the US dollar. The price remained in a bearish zone below $0.3200 as discussed in yesterday’s analysis. There is a major bearish trend line in place with resistance at $0.3060 on the hourly chart of the XRP/USD pair (data source from Kraken). The…
ETH price extended losses and traded to a new weekly low near the $160 level against the US Dollar. The price is currently trading below the key resistance levels near $167 and $169. There is a major bearish trend line in place with resistance near $167 on the hourly chart of ETH/USD (data feed via…
ETH price struggled once again to gain strength above the $176 resistance against the US Dollar. The price declined sharply and broke the $172 and $170 support levels. There was a break below a major bullish trend line with support at $173 on the hourly chart of ETH/USD (data feed via Kraken). The pair could…
The bitcoin price has surged up to 4.85 percent this Tuesday, but there is still a strong case of an imminent pullback. According to Crypto Michaël, an Amsterdam-based cryptocurrency analyst, bitcoin lacked adequate follow-up volume that could sustain the ongoing upside price action. The bearish interpretation followed the textbook volume-price relationship, in which a price…