Key Highlights ETH price climbed higher and broke the $222 and $225 resistance levels against the US Dollar. There was a break above a crucial bearish trend line with resistance at $227 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now placed nicely above the $225 level and it seems…
Bitcoin Cash Price Key Highlights Bitcoin Cash price recently broke above a long-term descending trend line to signal a reversal. Price also cleared a nearby area of interest, setting its sights on the next one around $700. Technical indicators, however, are reflecting slowing bullish momentum and a possible return in selling pressure. Bitcoin Cash price…
Key Points Bitcoin price recovered recently, but it failed to break the $6,540-50 resistance zone against the US Dollar. There is a crucial hurdle formed near $6,540 and two bearish trend lines on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair needs to break the $6,540 resistance and the 100…
Key Highlights Ethereum classic price started a downside correction from the $11.80 swing high against the US dollar. There is a major bearish trend line in place with resistance at $11.10 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair could continue to move down towards the $10.80 and $10.70…
Across the sphere, bulls are dominant and that is visible as far as altcoins are concerned. EOS, Litecoin, Stellar Lumens and Cardano are rejecting lower lows. Most noteworthy are movements in ADA. Here, prices are bouncing building bull momentum as prices align with last week’s surges. All in all, we recommend buys at spot prices…
Key Points Bitcoin cash price is struggling to recover and move back above $445-450 against the US Dollar. There is a key bearish trend line in place with resistance at $445 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could continue to move down as long as it is…
Ripple Price Key Highlights Ripple looks ready to resume its climb after pulling back on its upside breakout. Recall that price busted through a long-term descending channel to signal that a long-term uptrend is in the cards. Price has since found support at the area of interest around the 0.4500 mark and 61.8% Fib. Ripple…
Bitcoin Price Key Highlights Bitcoin price recently formed lower highs and found support at $6,100 to create a descending triangle. Price was rejected on its test of resistance, but bulls seem ready for another attempt to break higher. Bitcoin is forming a short-term ascending channel and is currently testing support. Bitcoin price bounced off its…
Key Points Bitcoin price failed to hold the key support at $6,590 and declined below $6,500 against the US Dollar. There was a break below a bearish pattern with support at $6,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is under pressure and it seems like it could…
Key Highlights Ripple price is under a lot of pressure below the $0.5000 level against the US dollar. Yesterday’s highlighted important bearish trend line is intact with resistance at $0.5500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to decline towards the $0.4300 and $0.4200 levels in…