Sep 18 flash gains are quickly evaporating giving way for solid Sep 17 losses backed by high level of participation syncing with the dominant trend—that of sellers. That is why, it’s likely that EOS, Litecoin, Stellar Lumens, Monero and Cardano prices might drop in coming days with Cardano for example dipping below 6 cents and…
Key Highlights ETH price recovered nicely and moved above the $210 level against the US Dollar. There is a key bearish trend line in place with resistance at $216 on the hourly chart of ETH/USD (data feed via Kraken). The pair must break the $216 and $220 resistance levels to move further higher in the…
Key Highlights Ripple price made a sharp upside move and traded above the $0.3000 resistance against the US dollar. There is a short term contracting triangle forming with resistance at $0.3260 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to make the next move above the $0.3250…
Key Points Bitcoin price declined recently and broke the $6,450 and $6,400 support levels against the US Dollar. There was a break below a major bullish trend line with support at $6,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may perhaps continue to move down towards the $6,120…
This time last week, it was all about doom and gloom for Ethereum after a high-volume candlestick drove prices below $200 for the first time this year. Needless to say, ETH prices have since recovered. Though we need to see movements above $300, it’s safe to say that aggressive traders can ramp on longs on…
As expected, altcoins prices are slowing down after periods of sustained bullish attempts in the second half of last week. As it this, there sellers are running reign in most coins under our preview. Needless to say, week ending Sep 9 and Sep 5 bearish engulfing pattern is a definite price damp for buyers. All…
Litecoin Price Key Highlights Litecoin price could be done with its drop as a double bottom may be forming on the 4-hour chart. Technical indicators are showing mixed signals at the moment as selling pressure remains present. A break past the neckline at $70 could lead to a rally that’s the same height as the…
Bitcoin Price Key Highlights Bitcoin price appears to be gaining some traction off its recent bounce, possibly forming another double bottom. This is a classic reversal formation, so a rally could be due once price breaks past the $7,400 neckline. Technical indicators, however, are suggesting that the selloff might still resume. Bitcoin price might be…
Though EOS, Cardano, Monero, Stellar Lumens and Litecoin price analysis portray positivity, we are yet to see strong gains safe those of early last week. Litecoin news of Gemini listing coupled with Abra’s addition of Cardano (ADA) are bright spots but first Cardano prices must rise above 7 cents nullifying current sells. EOS Price Analysis…
There are low time frame recoveries but it looks likely that our previous Cardano price analysis and subsequent price predictions remain true. This is despite the flurry of positive price boosting Cardano news which should naturally lift prices above it’s all-time-lows and main support at 7 cents. If anything, Cardano has a bearish outlook that’s…