ETH price started a strong rally above the $150 and $160 resistance levels against the US Dollar. The price rallied recently and even climbed above the $170 resistance area. There is a crucial bullish trend line formed with support at $165 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains in…
The 23 percent rally that sent the bitcoin price to its four-month high did not start with an April Fools’ Day joke. It is wise for analysts and financial professionals to look for clues behind any unnatural price action. It took bitcoin only one hour to break a plethora of strong resistance levels and claim…
Bitcoin price surged more than 15% and cleared the main $4,200 resistance against the US Dollar. The price rallied close to the $5,000 and $5,200 resistance levels, where sellers emerged. There was a break above a crucial contracting triangle with resistance at $4,200 on the daily chart of the BTC/USD pair (data feed from Kraken).…
Ripple price corrected lower after trading as high as $0.3168 against the US dollar. The price traded below the $0.3100 level, but the $0.3070 level acted as a decent support. There was a break above a key bearish trend line with resistance at $0.3080 on the hourly chart of the XRP/USD pair (data source from…
ETH price corrected lower recently and tested the $39 support area against the US Dollar. The price found a strong buying interest near $139 and it recently bounced back. There was a break above a declining channel with resistance at $141 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently…
Binance Coin (BNB) has led the top ten cryptocurrencies in terms of quarter performance. The Binance crypto exchange’s native asset surged 185 percent in the first quarter of 2019, jumping from $6.069 to $17.335, according to data provided by Messari. On the whole, BNB was the sixth largest gainer in the said period, beaten only…
Bitcoin price gained traction in the past few days and traded to new a new monthly high at $4,132 against the US Dollar. The price corrected lower recently, but it found support near the $4,050 and $4,040 levels. There is a major ascending channel in place with support at $4,070 on the 4-hours chart of…
ETH price rallied in the past few days and broke the $139 and $144 resistances against the US Dollar. The price is currently correcting lower, but it could find a strong support near the $139 zone. There is a major ascending channel in place with support at $140 on the 4-hours chart of ETH/USD (data…
ETH price extended upsides and gained bullish momentum above the $140 resistance against the US Dollar. The price even broke the $144 level and traded close to the $146 level before correcting lower. There is a key connecting bullish trend line formed with support above $143 on the hourly chart of ETH/USD (data feed via…
Now is the right time for investors to create their core strategic positions in bitcoin, says a top asset management firm. New York-based Greyscale Investments, backed by Barry Silbert’s Digital Currency Group, published an evaluative report detailing the historical correlation between bitcoin halving events and its price. The firm used those metrics to predict how…