Tuesday, May 22Your Daily Bitcoin & Altcoin News Portal

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Bitcoin Price Watch: Can BTC/USD Hold 100 SMA?

Bitcoin Price Watch: Can BTC/USD Hold 100 SMA?

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Please share if you find this article interesting. Bitcoin Price Watch: Can BTC/USD Hold 100 SMA? Key PointsBitcoin price formed a short-term top near $8,600 and started a downside move against the US Dollar.There was a break below a key bullish trend line with support at $8,370 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair must hold the $8,240 support and the 100 hourly simple moving average to avoid more losses.Bitcoin price is trading above a major support at $8,240 against the US Dollar. BTC/USD should stay above the 100 hourly SMA to trim recent losses.Bitcoin Price AnalysisAfter trading towards the $8,600 level, bitcoin price faced a selling interest against the US Dollar. The BTC/USD pair formed a short-term top at $8,596 and started a downside m...
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Ethereum Classic Price Analysis: ETC/USD Could Decline Further

Ethereum Classic Price Analysis: ETC/USD Could Decline Further

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Please share if you find this article interesting. Ethereum Classic Price Analysis: ETC/USD Could Decline Further Key HighlightsEthereum classic price topped near $18.54 and declined below the $17.60 support against the US dollar.There is a short-term bearish trend line forming with resistance at $17.60 on the hourly chart of the ETC/USD pair (Data feed via Kraken).The pair may continue to decline and it could retest the $16.80 and $16.60 support levels.Ethereum classic price is currently under pressure against the US Dollar and Bitcoin. ETC/USD may decline further towards the last swing low of $16.60.Ethereum Classic Price DeclineRecently, there was a nice upside move above $18.00 in ETC price against the US dollar. The ETC/USD pair traded towards $18.50-60 where sellers emerged...
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Ripple Price Analysis: XRP/USD’s Downside Break

Ripple Price Analysis: XRP/USD’s Downside Break

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Please share if you find this article interesting. Ripple Price Analysis: XRP/USD’s Downside Break Key HighlightsRipple price declined recently after buyers failed to push it above $0.7100 against the US dollar.Yesterday’s highlighted crucial ascending channel with support at $0.6860 was broken on the hourly chart of the XRP/USD pair (data source from Kraken).The pair is now trading below the $0.6800 support level and the 100 hourly simple moving average.Ripple price made a bearish turn against the US Dollar and Bitcoin. XRP/USD may correct lower towards the $0.6600 support in the near term.Ripple Price ResistanceThere was no upside break above the $0.7100 level in Ripple price against the US Dollar. The price traded as high as $0.7060 before sellers appeared and pushed the price
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Ethereum Price Analysis: ETH/USD Back Below $700

Ethereum Price Analysis: ETH/USD Back Below $700

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Please share if you find this article interesting. Ethereum Price Analysis: ETH/USD Back Below $700 Key HighlightsETH price failed to extend gains above the $724 level and started a downside move against the US Dollar.Yesterday’s highlighted important bullish trend line with support at $707 was broken on the hourly chart of ETH/USD (data feed via Kraken).The pair is now well below $700 and the 100 hourly simple moving average, which is a bearish sign.Ethereum price is under pressure against the US Dollar and Bitcoin. ETH/USD broke a key support at $708 and it may well trade below $680 in the near term.Ethereum Price TrendAfter a failure to move above the $724-725 resistance, ETH price started a downside move against the US Dollar. The price declined and moved below the $710 and $
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Bitcoin Cash Price Analysis: BCH/USD Losing Momentum

Bitcoin Cash Price Analysis: BCH/USD Losing Momentum

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Please share if you find this article interesting. Bitcoin Cash Price Analysis: BCH/USD Losing Momentum Key PointsBitcoin cash price failed to hold gains above $1,220 and declined below $1,200 against the US Dollar.There is a declining channel forming with resistance at $1,220 on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair is likely to extend the current decline and it could test the $1,150 support level.Bitcoin cash price is back in a bearish zone below $1,220 against the US Dollar. BCH/USD is losing momentum and it could continue to move down towards $1,150.Bitcoin Cash Price DeclineThere was a rejection noted from the $1,300 resistance zone in bitcoin cash price against the US Dollar. The price formed a short-term top near $1,315 before starting a dow...
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Litecoin (LTC) Price Watch: Is a Triangle Breakout Underway?

Litecoin (LTC) Price Watch: Is a Triangle Breakout Underway?

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Please share if you find this article interesting. Litecoin (LTC) Price Watch: Is a Triangle Breakout Underway? Litecoin Price Key HighlightsLitecoin has formed lower highs and found support around $131 to create a descending triangle.Price got rejected on resistance and is on its way to test support.Another bounce could take it back to the top, but technical indicators are giving mixed signals.Litecoin is trading inside a descending triangle and is due to test the bottom, possibly gearing up for a breakout soon.Technical Indicators SignalsThe 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is to the downside. In other words, support is more likely to break than to hold.The 200 SMA also lines up with the top of the triangle to add to its stren...
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Bitcoin (BTC) Price Watch: Bears Might Not Be Done Yet

Bitcoin (BTC) Price Watch: Bears Might Not Be Done Yet

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Please share if you find this article interesting. Bitcoin (BTC) Price Watch: Bears Might Not Be Done Yet Bitcoin Price Key HighlightsBitcoin price has rallied in the past few hours but also hit resistance on its channel.If this continues to keep gains in check, bitcoin could still resume the selloff to the support areas marked.Using the Fib extension tool shows the potential downside targets in the short-term.Bitcoin price might still resume its downtrend as the top of its descending channel is keeping gains in check.Technical Indicators SignalsThe 100 SMA is below the longer-term 200 SMA to confirm that the path of least resistance is to the downside. In other words, the selloff is more likely to resume than to reverse.However, an upward crossover appears to be materializing an...
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Farmers are Clogging the Ethereum Network: Ethereum (ETH) Technical Analysis (May 22, 2018)

Farmers are Clogging the Ethereum Network: Ethereum (ETH) Technical Analysis (May 22, 2018)

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Please share if you find this article interesting. Farmers are Clogging the Ethereum Network: Ethereum (ETH) Technical Analysis (May 22, 2018) From our charts, Ethereum is reversing previous losses and week over week it’s up one percent though chances of further upsides exceeds that of sell pressure. While I On the charts, week ending May 6 is significant in our analysis. While many foresaw a situation where prices would continue edging higher after that climactic price and surge in volumes, there was a contrarian price action because ETH sellers drove prices lower. Now, for better perspective we shall bring to light recent technical developments in the last two weeks.First, notice that both candlesticks have long lower wicks signaling ETH buy pressure. Secondly, despite incessan
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John McAfee: “Expect Top 10 Coin Prices to Blow Through the Roof! Institutional Investors are Aching to Go”: Tron, EOS, Litecoin, IOTA and Stellar Price Analysis (May 22, 2018)

John McAfee: “Expect Top 10 Coin Prices to Blow Through the Roof! Institutional Investors are Aching to Go”: Tron, EOS, Litecoin, IOTA and Stellar Price Analysis (May 22, 2018)

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Please share if you find this article interesting. John McAfee: “Expect Top 10 Coin Prices to Blow Through the Roof! Institutional Investors are Aching to Go”: Tron, EOS, Litecoin, IOTA and Stellar Price Analysis (May 22, 2018) Apart from Tron, most coins didn’t register impressive gains as May 20 price action. Nonetheless, we still expect market participants to bid up the likes of Tron, IOTA, and EOS and to some degree, Stellar Lumens which has been characteristically low key. I would also recommend keeping an eye on Litecoin today. We expect price moving events for EOS and Tron in the next few days so I buying on dips would be a safe trading tragedy in my view.Let’s have a look at these charts:EOS AnalysisEOS Daily Chart by Trading ViewUndoubtedly, EOS is an exceptional product
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Bitcoin Price Watch: BTC/USD’s Bullish Scenario

Bitcoin Price Watch: BTC/USD’s Bullish Scenario

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Please share if you find this article interesting. Bitcoin Price Watch: BTC/USD’s Bullish Scenario Key PointsBitcoin price moved higher and broke the $8,300 resistance level against the US Dollar.There is a significant ascending channel formed with support at $8,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is likely to accelerate gains above $8,650 if it continues to follow the ascending channel.Bitcoin price is trading with a positive bias above $8,400 against the US Dollar. BTC/USD could extend the current move above the $8.650 and $8,800 resistance levels.Bitcoin Price Analysis (BTC/USD)After a spike below the $8,000 level, bitcoin price found a strong buying interest against the US Dollar. The BTC/USD pair traded as low as $7,915 before startin