Technically, XRP/USD is bullish. As long as prices are trending above 35 cents, buyers can continue ramping up in lower time frames. This is so because the coin is increasingly becoming a utility and a store of value thanks to its low volatility—down 22 percent in the last week compared to BTC at 32 percent.…
Thanks to Josh Mandel idea, 23 different businesses in the state of Ohio will begin paying their taxes in Bitcoin. This new “convenience and adaptation” goes to show how BTC is taking root and is nowhere from being quashed despite draw downs that has seen miners in several parts of China auction their gear. Latest…
Key Points Bitcoin price fell significantly and traded below $4,000 and $3,800 against the US Dollar. There is a major bearish trend line formed with resistance at $4,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is under pressure below $3,800 and it could even break the $3,500 support…
Key Highlights ETH price is under a lot of pressure and declined below $125 and $115 against the US Dollar. There is a crucial bearish trend line formed with resistance at $115 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could even break the $100 support level if sellers remain in…
Even with listing at Bitex, LTC/USD is facing upside resistance and is now trading below $30. Moving on, this is definitely inviting for sellers just like it is with Monero—XMR/USD and at EOS/USD. All in all, before sharp drops print, it is likely that bears will slow down allowing for minor recovery towards immediate resistances.…
Latest Ripple News Considering prevailing market conditions, it is clear that it has been a tough week for market participants. With double digit losses and breaks below important support levels, the meltdown was—and continues to be unforgiving. But even as participants despair, XRP did emerge as the winner of the “store of value” race edging…
The path of least resistance is clear and as long as prices are trading below $4,700 then we could see further declines towards $3,000 or lower. But even as analysts and investors track price, the survival of Bitcoin conjures memories of the dot com bubble. It did burst; birthing Amazon and Google, companies that wield…
Key Points Bitcoin price started a major downside move after it failed to break the $4,600 resistance against the US Dollar. There is a new bearish trend line in place with resistance at $4,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently in a bearish zone and…
Key Highlights ETH price failed to move above the $135 and $136 levels against the US Dollar. There is a new key bearish trend line formed with resistance at $127 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently under pressure and it could accelerate declines below the $120 level.…
Key Highlights Ripple price failed to move above the $0.4400 and $0.4500 resistances and declined against the US dollar. There was a downside break below a contracting triangle with support at $0.4300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to break the recent low of $0.4000…