Key Highlights Ripple price failed to move above the $0.4400 and $0.4500 resistances and declined against the US dollar. There was a downside break below a contracting triangle with support at $0.4300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to break the recent low of $0.4000…
Since the crypto industry’s monumental rise to prominence on a planetary stage, pundits and consumers alike have sought to predict where Bitcoin (BTC), a mechanism to achieve financial freedom, is bearing. While some have succeeded, by luck or other means, other wannabe soothsayers haven’t seen an ounce of success, to put it lightly. Regardless, in…
Key Highlights Ethereum classic price declined towards the $5.00 support and recovered against the US dollar. There was a break above a key contracting triangle with resistance at $5.55 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is currently placed nicely above $5.40 and it could correct higher towards…
Key Highlights Ripple price is currently consolidating below the $0.4500 and $0.4600 resistances against the US dollar. There is a key contracting triangle formed with resistance at $0.4460 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is preparing for the next break either above $0.4500 or below $0.4280. Ripple…
Key Highlights ETH price slowly recovered and moved above the $130 and $132 resistances against the US Dollar. Yesterday’s major bearish trend line was breached with resistance at $132 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to climb towards the $151 resistance level in the near term. Ethereum…
Key Points Bitcoin price extended losses and traded close to the $4,000 support against the US Dollar. There was a break above a major bearish trend line with resistance at $4,451 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price seems to be preparing for an upside correction towards the…
Key Highlights ETH price failed to recover and declined below the $150 level declined against the US Dollar. There is a short term bearish trend line in place with resistance at $150 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded to multi month low and it could continue to move…
Key Points Bitcoin cash price declined heavily and traded below the $300 and $280 levels against the US Dollar. Yesterday’s highlighted key bearish trend line is intact with resistance at $315 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently trading near the $250 level and it could…
Key Points Bitcoin price is currently under pressure below the $5,500 resistance level against the US Dollar. There was a break below a key bullish trend line with support at $5,530 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is declining and it seems like it could break the…
Key Highlights ADA price extended losses below the $0.0620 and $0.0600 support levels against the US Dollar (tethered). There was a break below a connecting bullish trend line with support at $0.0614 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently trading well below $0.0600 and it could…