Key Points Bitcoin price declined recently and broke the $6,450 and $6,400 support levels against the US Dollar. There was a break below a major bullish trend line with support at $6,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may perhaps continue to move down towards the $6,120…
Bitcoin (BTC) has continued to range in a tighter and tighter zone over the past few months with 30, 60, and 120-day volatility pushing yearly lows. The market cap stands at US$112.37 billion, with US$1.42 billion traded in the past 24 hours. The number of Bitcoin transactions per day has slowly increased since April, and…
Key Highlights Ripple price is slowly moving higher and it recently broke the $0.2720 resistance against the US dollar. There was a break above a key bearish trend line with resistance at $0.2675 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is now placed nicely above the $0.2700 support…
Key Points Bitcoin price traded further higher above the $6,450 and $6,510 resistances against the US Dollar. There is a short term ascending channel in place with support at $6,505 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely forming a double top pattern near the $6,600 resistance.…
Key Highlights ADA price formed a decent support base near the $0.0600 level against the US Dollar (tethered). There was a break above a crucial declining channel with resistance at $0.0680 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may continue to rise in the short term towards the…
Key Points Bitcoin price climbed higher and broke the $6,320 and $6,380 resistance levels against the US Dollar. There was a break above a major contracting triangle with resistance at $6,330 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently correcting lower and the previous resistance at $6,320…
Key Highlights Ethereum classic price is under pressure below the $11.20 and $11.40 resistances against the US dollar. There is a declining channel in place with resistance at $11.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair remains at a risk of more declines as long as it is…