Monday, October 22Your Daily Bitcoin & Altcoin News Portal

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Ripple Price Technical Analysis – XRP/USD Holding Key Support

Ripple Price Technical Analysis – XRP/USD Holding Key Support

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Please share if you find this article interesting. Ripple Price Technical Analysis – XRP/USD Holding Key Support Key Highlights Ripple price struggled to move above the $0.9500 resistance area and declined again against the US dollar. There is a major bearish trend line forming with resistance at $0.8000 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair is currently trading near a major support area at $0.7500-0.7700, which holds a lot of importance. Ripple price failed to recover substantially against the US Dollar and Bitcoin. XRP/USD is currently near $0.7600, which must hold to avoid further declines. Ripple Price Resistance We saw a recovery recently in Ripple price from the $0.6041 swing low against the US Dollar. The price moved above the $0.850
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Ethereum Price Technical Analysis – ETH/USD Testing Important Support

Ethereum Price Technical Analysis – ETH/USD Testing Important Support

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Please share if you find this article interesting. Ethereum Price Technical Analysis – ETH/USD Testing Important Support Key Highlights ETH price failed to move above the $965 and $1,000 resistance levels and declined against the US Dollar. There are two bearish trend lines forming with resistance at $830 and $865 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is currently trading near the $780-800 support area, which holds a lot of importance in the near term. Ethereum price declined recently against the US Dollar and Bitcoin. ETH/USD looks like struggling to recover and is currently trading near a major support at $780-800. Ethereum Price Decline There was a minor recovery initiated in ETH price above the $850 level against the US Dollar. The price traded abo
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Bitcoin Cash Price Technical Analysis – BCH/USD is Back to Square One

Bitcoin Cash Price Technical Analysis – BCH/USD is Back to Square One

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Please share if you find this article interesting. Bitcoin Cash Price Technical Analysis – BCH/USD is Back to Square One Key Points Bitcoin cash price failed to move above the $1,300 level and started a downside move against the US Dollar. There is a crucial bearish trend line forming with resistance at $1,220 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently heading towards the $1,050 support area and it remains at a risk of more declines. Bitcoin cash price faced a lot of sellers against the US Dollar. BCH/USD is back in a bearish zone and it could soon retest the $1,000 level. Bitcoin Cash Price Resistance There was a decent recovery in bitcoin cash price above the $1,200 level against the US Dollar. However, the price struggled to move above the
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Cardano (ADA) Daily Analysis, February 4, 2018: Trades Inside Range

Cardano (ADA) Daily Analysis, February 4, 2018: Trades Inside Range

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Please share if you find this article interesting. Cardano (ADA) Daily Analysis, February 4, 2018: Trades Inside Range Key Highlights Cardano dropped 10.52% on Sunday morning to trade at $0.4386, as the majority of cryptocurrencies managed to hold on to intraday gains by the close.  Cardano finished the previous week on a downward trajectory, recovering from the previous week’s closing $0.418. There was a strong resistance at $0.52 levels through the previous week, which held Cardano back from testing $0.56 resistance levels. Cardano tested the $0.30 and bounced back following to hit the $0.52. Currently, Cardano trades inside the range. Cardano Price Resistance Following a weekly closing at $0.413, Cardano managed to avoid testing support levels through the day, with a move thro
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Bitcoin Price Weekly Analysis – BTC/USD Recovery to Fade Soon?

Bitcoin Price Weekly Analysis – BTC/USD Recovery to Fade Soon?

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Please share if you find this article interesting. Bitcoin Price Weekly Analysis – BTC/USD Recovery to Fade Soon? Key Points Bitcoin price declined sharply this past week and traded towards $7,500 against the US Dollar. There was a break below a crucial bullish trend line with support at $10,800 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX). The pair traded as low as $7,599 and it is currently correcting higher toward the $9,500 level. Bitcoin price is recovering after a major decline below the $8,000 level against the US Dollar. BTC/USD is struggling to move above $9,500 and it may move down once again. Bitcoin Price Resistance This past week, we saw a monstrous decline in bitcoin price from well above $11,000 against the US Dollar. The price traded lower an
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Ethereum Price Weekly Analysis – ETH/USD Facing Crucial Resistance

Ethereum Price Weekly Analysis – ETH/USD Facing Crucial Resistance

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Please share if you find this article interesting. Ethereum Price Weekly Analysis – ETH/USD Facing Crucial Resistance Key Highlights ETH price declined sharply this past week and traded as low as $740 against the US Dollar. There was a break below a major bullish trend line with support at $1,115 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair is currently correcting higher, but it is facing a major resistance on the upside at $1,020. Ethereum price is in a bearish zone against the US Dollar, but it is stable against Bitcoin. ETH/USD is currently recovering higher, but it is facing a crucial hurdle near $1,020. Ethereum Price Upside Hurdle There was a major downside move from well above $1,100 in ETH price against the US Dollar. The price declined heavily and m
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Alt coin Analysis: NEO, EOS, LTC and IOTA

Alt coin Analysis: NEO, EOS, LTC and IOTA

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Please share if you find this article interesting. Alt coin Analysis: NEO, EOS, LTC and IOTA We expect a short to medium term alt coin recovery and considering these set ups, I recommend buying LTC, Lumens and NEM. Reason? The depreciation has been rapid and right now, these pairs are recovering at key Fibonacci or price action support levels. Let’s dissect these charts: Scalp Lumens and target $0.7 XLMUSD 4HR Chart for February 3, 2018 It’s pretty nice price action is reversing from the head of the previous inverted head and shoulder pattern. While the general XLM sentiment is bearish, buyers can find some momentum especially if prices break and close above the minor resistance trend line and the middle BB. I recommend buys with immediate targets at $0.70. NEM Recovers Right at
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Bitcoin Price Watch; Near Term Reprieve?

Bitcoin Price Watch; Near Term Reprieve?

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Please share if you find this article interesting. Bitcoin Price Watch; Near Term Reprieve? We are closing in on the end of the European session in the bitcoin price and things have been pretty interesting today. We started out the session this morning by noting that action was relatively weak (in the sense that price was falling, and falling fast) and that this was primarily driven by a concurrent weakening of sentiment. When things move like they have done recently, it can translate to a sort of downward spiral-type action that feeds itself – that is, price falling, people panicking, selling, price falling further because people are panic selling, etc. Once this happens, there’s very little anyone can do other than sit out of the markets and wait for the sellers to shake out. T
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Bitcoi Price Watch; Here’s Where We’re Looking This Morning

Bitcoi Price Watch; Here’s Where We’re Looking This Morning

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Please share if you find this article interesting. Bitcoi Price Watch; Here’s Where We’re Looking This Morning It is Friday morning out of Europe and it is time to take a look at how action overnight played out in the bitcoin price and, in turn, how we can try and use this action to formulate a strategy going forward. As many reading will probably already be aware, this hasn’t been a particularly strong week for any cryptocurrency in the market. The majors, as well as the more alternative coins, are down across the board and it’s looking as though we aren’t going to see any degree of near-term reprieve. When you zoom out and look at the overarching market trends, things aren’t as bad as they seem right in the middle of a decline. With that said, however, it’s never easy to take a
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Cardano Price Technical Analysis – ADA/USD to Decline Further?

Cardano Price Technical Analysis – ADA/USD to Decline Further?

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Please share if you find this article interesting. Cardano Price Technical Analysis – ADA/USD to Decline Further? Key Highlights ADA price faced a lot of sellers and moved below the $0.4000 support against the US Dollar (tethered). There is a declining channel forming with current resistance at $0.3950 on the hourly chart of ADA/USD (data feed via Bittrex). The pair is likely to decline further and it could even break the $0.3500 support area in the near term. Cardano price is trading in a bearish zone against the US Dollar and Bitcoin. ADA/USD may extend the current decline below the $0.3500 support area. Cardano Price Decline There was a nasty downtrend initiated in ADA price from well above the $0.6000 level against the US Dollar. The price faced a lot of sellers and it recent