Key Points Bitcoin cash price is slowly recovering towards the key $430 resistance against the US Dollar. This week’s followed important bearish trend line is intact with resistance at $430 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair must break the trend line and $430 to gain momentum in…
Key Points Bitcoin price declined and retested the $6,200 support before recovering sharply against the US Dollar. There was a break above a major bearish trend line with resistance at $6,275 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may correct a few points, but it could find support…
Key Points Bitcoin cash price dipped sharply and retested the $410 support area against the US Dollar. There was a break above a connecting bearish trend line with resistance at $415 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could correct lower towards $418 or $415 before it can…
Key Highlights Ripple price started a short term correction and moved above $0.4400 against the US dollar. There was a break above a major bearish trend line with resistance at $0.4410 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently struggling to gain traction, but it may soon…
Key Highlights ETH price started a short term upside correction and moved above $196 against the US Dollar. There is a key connecting bearish trend line formed with resistance at $198 on the hourly chart of ETH/USD (data feed via Kraken). The pair recently tested the previous support at $198, which acted as a solid…
Key Points Bitcoin price finally made the next move and broke the $6,350 support against the US Dollar. There was a break below a major contracting triangle with support at $6,405 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price traded towards the $6,200 support area where buyers emerged. Bitcoin…
The conducive developments in South Korean crypto space have boosted fiat influx into the market, reveals this month’s data. eToro eanalyst Mati Greenspan pitted Korean Won against the most volumed bitcoin-quoted assets, including the US Dollar, Euro, the Pound and also Tether. The comparison revealed a dramatic surge in the BTC/KRW trading volume compared to other instruments…
Key Highlights Ripple price traded higher recently and broke the $0.4540 resistance against the US dollar. There was a break above a major contracting triangle with resistance at $0.4560 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading in a bullish zone above the $0.4540 and $0.4550…
Key Highlights ETH price traded higher recently and tested the $203-204 resistance zone against the US Dollar. There is a major bearish trend line in place with resistance at $203 on the hourly chart of ETH/USD (data feed via Kraken). The pair could break the $203 and $204 resistance levels to climb higher in the…
Key Points Bitcoin cash price is forming a decent support near the $430-432 zone against the US Dollar. There was a break above a key bearish trend line with resistance at $434 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may slowly recover towards the $440 and $442 levels…