Key Highlights ETH price is under a downside correction since it broke the $245 support against the US Dollar. Yesterday’s discussed contracting triangle with support near $242 was breached on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to extend losses towards the next support at $214 and $212. Ethereum…
Key Points Bitcoin price is consolidating above the $6,590 and $6,550 support levels against the US Dollar. There is a short-term declining channel in place with resistance at $6,720 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair has to surpass the $6,720 and $6,750 levels to move towards $6,850…
Key Highlights ADA price is moving in a positive zone above the $0.0850 level against the US Dollar (tethered). There is a major bullish trend line in place with support at $0.0870 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to move towards $0.1000 and $0.1050 as…
Key Highlights Ripple price surged higher and settled above the 0.5000 resistance against the US dollar. There is a short-term connecting bearish trend line in place with resistance at 0.6000 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may break the $0.6000 level in the near term to test…
The recovery of altcoin prices can be attributed to a combination of technical and fundamental factors. Technically, EOS, Litecoin, Stellar Lumens, Monero and even Cardano are on a downtrend shedding more than 80 percent from 2017 peaks. Most noteworthy is the 96 percent slide in Cardano prices. History has it that recoveries are inevitable after…
Key Points Bitcoin price traded higher and cleared the $6,580-6,600 resistance zone against the US Dollar. There is a key bullish trend line in place with support at $6,550 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently correcting lower, but it could find support near the $6,600…
Key Highlights ETH price is trading with a positive bias above the $220 level against the US Dollar. There is a major bullish trend line formed with support at $224 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is currently struggling to break the $252 resistance and is correcting lower. Ethereum…
Key Highlights Ripple price rallied sharply and broke the $0.4000 and $0.4600 resistances against the US dollar. There was a break above a key contracting triangle with resistance at $0.3350 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently consolidating gains above the $0.4400 and $0.4200 support levels…
Key Highlights ETH price surged higher and broke a key resistance near $210 against the US Dollar. This week’s followed important bearish trend line was breached near $209 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded towards the $230 level and it is currently correcting lower in the near term.…
The debate around how best the network shall scale and provide passage for mass adoption in a coin that’s positioning itself as a medium of exchange is placing Bitcoin Cash value and investors in a precarious situation. While there are flickers of reversal in lower time frames, our Bitcoin Cash price analysis predicts a possible…