Please share if you find this article interesting. Bitcoin (BTC) Price Watch: Trend Line Break and Correction Bitcoin Price Key HighlightsBitcoin price recently broke above a short-term descending trend line as an early reversal signal.Price reached the $6,650 level then made a pullback to the broken resistance, which lines up with the Fibs.Technical indicators also suggest a continuation of the reversal.Bitcoin price broke above its descending trend line and is making a retest of this area before heading further north.Technical Indicators SignalsThe 100 SMA is still below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. This indicates that the selloff is more likely to resume than to reverse. However, the gap between the two is narrowing ...
Please share if you find this article interesting. Bitcoin Cash (BCH) Technical Analysis: Wormhole Protocol and Smart Contracting BCH Bulls As pitched, Bitcoin Cash is the new Ethereum all thanks to the Wormhole protocol which will make smart contracting and asset tokenization a possibility. Now, could this fact alone be the reason why BCH is up 10 percent in the last day? Or are BCH on a path towards recovery because of the market wide rejection of lower lows. Let’s wait and see if there is support behind these Bitcoin Cash buys.From the NewsAre developers of Bitcoin Cash, the fourth largest coin in the world taking advantage of Ethereum’s vulnerabilities to forward the benefits of the BCH network? It looks like so going be recent developments. Of course talk of smart contract c
Please share if you find this article interesting. Litecoin, EOS, Stellar Lumens, Tron, IOTA Technical Analysis: Altcoin Adds 10%, Bottoms Hopium? For the first time in more than n days, the top 10 is green and printing double digits right at main support lines. Of course, in the last days, support lines were melting but gains at Litecoin, IOTA, Tron and EOS are steeling coin supporters. In the top 10 though, Litecoin stands out and not only do we have a high volume double bar bull rejection of lower low but those nice trading volumes cements our bullish view.Let’s have a look at these charts:EOS Technical AnalysisFrom the NewsThe recently released All in all, there is a reprieve for EOS coin hodlers and that 12 percent gain is a morale booster for coin holders. In the chart, we
Please share if you find this article interesting. Bitcoin Price Watch: BTC/USD’s Rebound Above $6,350 is Real? Key PointsBitcoin price recovered nicely after trading as low as $5,894 and moved above $6,200 against the US Dollar.There is a new connecting bullish trend line forming with support at $6,180 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could revisit the $6,550 resistance zone as long as it is above the $6,150 level.Bitcoin price rebounded more than $300 from lows against the US Dollar. However, BTC/USD is facing many resistances near $6,450 and $6,550.Bitcoin Price AnalysisRecently, we saw a downside push in bitcoin price below the $6,000 support against the US Dollar. The BTC/USD pair traded to a new monthly low at $5,894 and later it star
Please share if you find this article interesting. Cardano Price Analysis: ADA/USD Facing Uphill Task Near $0.10 Key HighlightsADA price declined heavily and traded as low as $0.0844 against the US Dollar (tethered).This week’s highlighted significant bearish trend line is still active with resistance near $0.1100 on the hourly chart of the ADA/USD pair (data feed via Bittrex).The pair is currently correcting higher, but it is likely to face sellers near the $0.1000 and $0.1100 levels.Cardano price declined heavily against the US Dollar and Bitcoin. ADA/USD is rebounding, but there are many hurdles on the upside near $0.1000.Cardano Price AnalysisIn one of the previous analyses, we discussed that cardano price could drop towards the $0.1000 level against the US Dollar. The ADA/U
Please share if you find this article interesting. Ripple Price Analysis: XRP/USD Attempting Upside Break above $0.3000 Key HighlightsRipple price recovered nicely and moved above the $0.2750 resistance area against the US dollar.This week’s crucial bearish trend line is preventing gains with resistance near the $0.2900 level on the hourly chart of the XRP/USD pair (data source from Kraken).The pair may perhaps break the $0.2900-0.3000 resistance area for more gains in the near term.Ripple price corrected higher against the US Dollar and Bitcoin. XRP/USD is currently attempting an upside break above the $0.2900-0.3000 resistance zone.Ripple Price ResistanceThere was a decent support base formed near the $0.2465 level in Ripple price against the US Dollar. The XRP/USD pair started
Please share if you find this article interesting. Ethereum Price Analysis: ETH/USD Correction Facing Hurdle Near $300 Key HighlightsETH price started a short-term correction and moved above the $275 level against the US Dollar.This week’s followed important bearish trend line is in place with resistance at $300 on the hourly chart of ETH/USD (data feed via Kraken).The pair is likely to find a strong selling interest near the $295, $300 and $305 resistance levels.Ethereum price recovered a few points against the US Dollar and bitcoin. ETH/USD is now heading towards a monster resistance near $295-300.Ethereum Price Upside HurdleYesterday, we saw a sharp drop towards the $250 level in ETH price against the US Dollar. Later, the ETH/USD pair found buyers and started an upside correc
Please share if you find this article interesting. Bitcoin Cash Price Analysis: BCH/USD Recovering, Could Test $550 Key PointsBitcoin cash price is recovering after finding buyers around the $475 level against the US Dollar.There was a break above a short-term contracting triangle with resistance at $490 on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair is trading with positive signs, but it is approaching key resistances near $535 and $550.Bitcoin cash price started a short-term correction above $500 against the US Dollar. BCH/USD could trade higher, but it is likely to face sellers near $550.Bitcoin Cash Price ResistanceRecently, we saw a nasty decline in bitcoin cash price below the $500 support level against the US Dollar. The BCH/USD pair traded toward...
Please share if you find this article interesting. Bitcoin (BTC) Price Watch: Bullish Divergence Spotted Bitcoin Price Key HighlightsBitcoin price is still hovering above the long-term support around the $6,000 area.A bullish divergence can be seen, suggesting that a bounce may be in order.Moving averages, however, still indicate that more losses are in the cards.Bitcoin price is still testing the long-term floor, and a bullish divergence signals that a bounce may happen.Technical Indicators SignalsThe 100 SMA just crossed below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. This suggests that the selloff is more likely to resume than to reverse or that support is more likely to break than to hold.However, RSI formed higher lows while pr...
Please share if you find this article interesting. XRP Technical Analysis: Ripple and XRP Ace-ing The Near Impossible Ripple the company and XRP the native coin within the RTXP protocol is having it rough from both planes—fundamentally and technically. Week over week, it is down 40 percent and shedding more than 85 percent from Dec 2017 peaks. If it continues this way—and specifically if the SEC says the coin is a security–then we might see XRP printing 2 cents in days to come. This is regardless of the near decentralization strategy in place that has since reduced Ripple control to 48 percent in their UNL list.From the NewsThere is this thorn call centralization that Ripple the company is trying hard to lodge out. Every Tom and Dick always pulls the centralization card when corn