Ethereum is looking to fall towards $200 after breaking a multi-week support level this Monday. The price floor was a part of a Bear Flag pattern. In retrospect, Bear Flag appears as an asset consolidates in an upward channel following a robust directional move down. The price eventually breaks below the Channel’s lower trendline, a…
A string of back-to-back upside rejections at a local top is putting Ethereum at risk of correcting lower towards $350. Looking at ETH/USD 1H chart shows the pair attempting to close above $384, a resistance target that had held through extreme bullish biases in the past. It continues to defend bears as Ethereum traders repeatedly…
SUSHI was among the worst-performing cryptocurrencies on Thursday as the decentralized finance token faced a severe competitive threat from a rival. Uniswap, a decentralized trading platform that inspired the launch of SUSHI’s parent project, Sushiswap, launched its governance token, UNI, Wednesday night. Against the expected supply of 1 billion, Uniswap dispatched 150 million UNI tokens…
CREAM logged a sharp reversal rally on Wednesday as traders assessed its listing on Binance, the world’s leading cryptocurrency exchange by volume. The Malta-based trading platform will list CREAM/BNB and CREAM/BUSD trading pairs at 1300 UTC, per its announcement. That will enable users to effectively deposit and trade their CREAM tokens against Binance Coin and…
Ripple blockchain’s native token XRP is up more than 25 percent so far into 2020. Nevertheless, the fourth-largest cryptocurrency is still looking to pare those gains, according to a string of bearish indicators brought forward by a TradingView.com analyst. The US-based chartist pitted XRP/USD against three technically bearish setups. They included a long-term Moving Average…
An overnight pump that pushed popular decentralized finance token, YFI, up by 23 percent, has entered a bull trap. The Yearn Finance governance cryptocurrency fell 10 percent this Friday from its intraday top at $36,043. Its plunge appeared as a part of formal downside correction that typically follows price rallies. Traders apprehensively bought spot YFI…
Bitcoin was trading lower ahead of the New York opening bell Friday as the US dollar rebounded despite its prevailing bearish setup. As of 0649 EST, BTC/USD was changing hands for $10,289, down 0.53 percent from its daily open. The pair surged during the Asian and European session as a strengthening EUR/USD kept dollar bulls…
Binance coin price is up over 5% and it is outperforming bitcoin against the USDT. BNB could rally further to a new monthly high if it breaks the $24.00 resistance zone. Binance coin price is gaining bullish momentum above the $22.80 resistance against the USDT. The price is approaching a key resistance near the $23.75…
Tron’s native token TRX was among the top gainers on Tuesday as its price jumped by up to 11.38 percent. The TRX/BTC exchange rate settled an intraday high at 345 sats before correcting lower ahead of the New York trading session. The move downhill appeared in contrast with Bitcoin’s slow and sideways action above $10,000.…
Bitcoin briefly lost its balance near the $10,000-support on Tuesday as traders remained jittery about its recent fall from $10,500. The BTC/USD exchange rate fell to an intraday low of $9,993, down 3.68 percent from its opening rate. The latest sell-off appeared on the backs of a stronger US dollar. The greenback rose 0.32 percent…