Stellar Lumens Price Key Highlights Stellar Lumens has formed higher lows and found resistance around 0.2600 to create an ascending triangle on its 1-hour chart. Price is nearing the peak of its formation so a breakout in either direction could take place really soon. Technical indicators are giving mixed signals on where the breakout might…
Key Points Bitcoin price is placed well above the $6,440 support level against the US Dollar. There is a crucial bullish trend line formed with support at $6,540 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to break the $6,625 and $6,665 resistance levels to trade further…
Key Highlights ADA price is trading above the $0.0840 support and the 100 hourly SMA against the US Dollar (tethered). There is a major bullish trend line formed with support at $0.0840 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could correct lower in the short term towards $0.0800…
Key Highlights Ripple price gained traction and traded above the $0.6000 resistance against the US dollar. There is a key bullish trend line in place with support at $0.5555 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could correct lower, but dips towards $0.5500 and $0.5400 remains supported. Ripple…
Overly, altcoin bulls are in control and even though prices are consolidating inside key candlesticks, week ending Sep 23 bulls influence our analysis—and sentiment. Most notably is Monero which is consolidating and rejecting lower lows below $100 and EOS which despite Huobi collusion accusation is stable but a long way from $7. Litecoin, Cardano and…
Key Points Bitcoin price failed to break the $6,800 resistance recently and declined against the US Dollar. There is a major bullish trend line in place with support at $6,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $6,400 and $6,380 support levels to remain…
Key Highlights ETH price made a nice upside move and traded above the $225 level against the US Dollar. There was a break above a major contracting triangle with resistance at $228 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is currently consolidating in a range above the $225 and $228…
Key Points Bitcoin cash price gained traction and moved above the $500 barrier against the US Dollar. There is a key contracting triangle in place with support near $510 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair is likely to break higher towards the $575 and $600 levels in…
Altcoins are finding support with prices edging higher in line with Sep 27 buy attempts. While traders and the larger community retain a bullish outlook thanks to last week’s surges from key support levels, positive fundamentals could prime bulls thrusting them above key resistance levels in Cardano, Litecoin, EOS and Tron. Tron stands a chance…
Key Points Bitcoin price surged higher and broke the $6,540-50 resistance area against the US Dollar. Yesterday’s highlighted important bearish trend line was breached with resistance at $6,495 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is now placed well above the $6,580 pivot level and it could accelerate…