Key Points Bitcoin price failed to move above the $6,450 and $6,460 resistance levels against the US Dollar. There is a key connecting bullish trend line in place with support at $6,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must clear the $6,450 and $6,460 resistance levels to…
Key Highlights ADA price is struggling to clear a major resistance area near $0.0800 against the US Dollar (tethered). There is a monster long term bearish trend line formed with resistance at $0.0780 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair must break the $0.0780 and $0.0800 resistance levels…
Key Points Bitcoin price declined recently and tested the $6,350 support level against the US Dollar. There was a break above a connecting bearish trend line with resistance at $6,410 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is facing a solid resistance near the $6,480 and $6,500 levels.…
Key Highlights ETH price declined recently below the $200 level before buyers emerged near $196 against the US Dollar. There is a major bullish trend line with support at $201 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair must clear the $207 hurdle and the 100 simple moving average (4-hours) to…
Key Points Bitcoin cash price declined sharply, but it found support near the $420 level against the US Dollar. There was a break above a major bearish trend line with resistance at $435 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair may well continue to move higher once there…
Bitcoin so far has been able to find support above the so-called bottom area below $6,000. But it is not enough to beat the long-term bearish bias, according to a famous cryptocurrency analyst. Crypto Thoreau, in one of its latest tweets, predicted that Bitcoin price is in for a drop towards $3,500. The analyst backed his…
Key Points Bitcoin price extended losses and declined below the $6,450 support level against the US Dollar. Yesterday’s highlighted key bullish trend line was broken with support at $6,435 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price declined below the $6,400 support and the 100 hourly simple moving average.…
Key Highlights ADA price failed to gain momentum above $0.0800 and declined recently against the US Dollar (tethered). There is a key bearish trend line formed with resistance at $0.0790 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to extend the current decline towards the $0.0735 or…
Key Highlights ETH price declined further and traded below the $205 and $200 support levels against the US Dollar. There was a break below a major bullish trend line with support at $204 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently struggling below the $206 resistance and the 100…
Key Points Bitcoin cash price declined further and traded close to the $420 support level against the US Dollar. There is a new bearish trend line in place with resistance near $435 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to face a lot of selling interest…