XRP, the third-largest ranked cryptocurrency by market cap, may face continued underperformance compared to the rest of the crypto space, as the historically accurate TD Sequential indicator has triggered a signal on the asset’s daily charts.However, a conflicting signal triggered earlier this month makes predicting the trend ahead a bit more confusing given how accurate…
Gold prices continue to soar as expectations of the worst recession the world has ever seen grow by the day due to the last impact the coronavirus will have on the economy.However, UBS analysts are expecting a strong reversal in gold in the back half of 2020 as stimulus packages and policy changes from the…
Bitcoin dominance continues in a downward trend. Currently, Bitcoin dominates the total market cap by 64.2%, having fallen 3 basis points, or 4%, in two weeks.Which, when taken in conjunction with double-digit gains for many high caps today, raises the question of whether altseason is on the way.Bitcoin dominance chart for the last six months…
Crypto data provider Messari shared in a recent post that Ripple’s XRP was one of the worst-performing cryptocurrencies in Q1 of 2020, underperforming players like Bitcoin and Ethereum by a long shot.But, analysts are observing that the cryptocurrency is starting to show signs of an imminent recovery against Bitcoin (the XRP/BTC chart).Related Reading: Crypto Tidbits:…
As Bitcoin attempts to gain a foothold above $7,000, analysts are noting that data shows large players within the market are currently foraying back into Bitcoin, which could be a sign that further volatility is imminent in the days and weeks ahead.Traders do seem to believe that this next movement will favor bears, as the…
Chainlink’s immense bullishness seen throughout 2019 spilled into 2020, with the market-wide uptrend in January and February sending the crypto to fresh all-time highs. Even in the face of intense bearishness over the past few weeks, LINK has been able to incur some parabolic momentum.This momentum, however, may not last too long, as the cryptocurrency…
Over the past few days, the prices of crypto assets have slid lower after Bitcoin ended a strong multi-week rally at $7,470, since falling to $6,800 as of the time of this article’s writing. Bears, unfortunately, are expected to push this nascent market lower as a “strong sell signal” was just observed.Related Reading: Crypto Tidbits:…
Following a firm rejection within the lower-$7,000 region, Bitcoin has been able to hold above a dire trading range that it was previously caught within, with the benchmark crypto’s ability to stabilize above this level being a bullish near-term sign.The close above this range also comes as the crypto holds above a key technical level,…
Following a brief selloff experienced yesterday, Chainlink has been able to post a strong recovery, with its ongoing rebound coming about in tandem with a bout of consolidation seen by Bitcoin and most other major cryptos.This ongoing uptrend has come about despite the crypto flashing some signs of weakness on its high time frame chart,…
Ethereum has entered another bout of sideways trading in the time following its recent rejection at $175, with ETH now establishing some significant support around the mid-$150 region, which is where it has been trading at for the past couple of days.In the near-term, it does appear that Ethereum is currently trading just a hair…