Saturday, January 19Your Daily Bitcoin & Altcoin News Portal

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Bitcoin Price Watch: BTC/USD Made Sharp U-Turn

Bitcoin Price Watch: BTC/USD Made Sharp U-Turn

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Please share if you find this article interesting. Bitcoin Price Watch: BTC/USD Made Sharp U-Turn Key PointsBitcoin price failed to capitalize above $8,800 level and declined sharply against the US Dollar.BTC/USD broke this week’s ascending channel with support at $8,500 on the hourly chart (data feed from Kraken).The pair settled below a key support at $8,400 and the 100 hourly simple moving average.Bitcoin price made a sharp U-turn from $8,800 against the US Dollar. BTC/USD is now trading well below $8,500 with a few bearish signs.Bitcoin Price AnalysisThe past two days were mostly positive for bitcoin price above the $8,600 support against the US Dollar. However, the price failed to move above the $8,800 resistance area. Buyers struggled to place the price above $8,800, which
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Cardano Price Analysis: ADA/USD Could Revisit $0.2200

Cardano Price Analysis: ADA/USD Could Revisit $0.2200

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Please share if you find this article interesting. Cardano Price Analysis: ADA/USD Could Revisit $0.2200 Key HighlightsADA price failed to move above the $0.2800 resistance and declined against the US Dollar (tethered).There was a break below an important bullish trend line with support at $0.2650 on the hourly chart of the ADA/USD pair (data feed via Bittrex).The pair remains at a risk of more losses towards the $0.2300 and $0.2200 support levels.Cardano price declined substantially against the US Dollar and Bitcoin. ADA/USD is likely to decline further towards the next major support at $0.2200.Cardano Price AnalysisThere was no upside break above the $0.2800 and $0.2820 resistance levels in ADA price against the US Dollar. The price started a downside move and declined below th...
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Ripple Price Analysis: XRP/USD Turned Short-term Bearish

Ripple Price Analysis: XRP/USD Turned Short-term Bearish

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Please share if you find this article interesting. Ripple Price Analysis: XRP/USD Turned Short-term Bearish Key HighlightsRipple price failed to move above the $0.7500 resistance area and declined against the US dollar.There was a break below this week’s ascending channel with support at $0.7200 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair declined below the $0.7000 support and moved back in a bearish zone.Ripple price traded below key supports against the US Dollar and Bitcoin. XRP/USD is now back in a short-term bearish trend below the $0.7000 support.Ripple Price TrendThis week, we discussed about a major resistance near $0.7500 in Ripple price against the US Dollar. The price struggled to move above the $0.7450 and $0.7500 resistance levels. As a
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Ethereum Price Analysis: ETH/USD Nosedives Below $690

Ethereum Price Analysis: ETH/USD Nosedives Below $690

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Please share if you find this article interesting. Ethereum Price Analysis: ETH/USD Nosedives Below $690 Key HighlightsETH price started a sharp downside move and traded below the $700 and $690 supports against the US Dollar.This week’s highlighted key bullish trend line with support at $725 was broken on the hourly chart of ETH/USD (data feed via Kraken).The pair is now back in a short-term bearish zone and it could retest the $660 support.Ethereum price nosedived against the US Dollar and Bitcoin. ETH/USD is currently trading well below the $700 level and it moved into a bearish zone.Ethereum Price DeclineThere was no upside break above the $742 resistance in ETH price against the US Dollar. The price started a sharp downside move and declined below the $730, $720 and $710 supp
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Bitcoin Price Watch: Weak Support Zone Just Close By

Bitcoin Price Watch: Weak Support Zone Just Close By

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Please share if you find this article interesting. Bitcoin Price Watch: Weak Support Zone Just Close By Bitcoin Price Key HighlightsBitcoin price continues to slide and is cruising inside a descending channel on the 1-hour chart.Price is approaching the bottom of this channel but it might not be strong enough to keep losses at bay.Oscillators are hinting at a bounce but moving averages suggest a break.Bitcoin price could be due for a test of the descending channel bottom, which might still give way if bears stay strong.Technical Indicators SignalsThe 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is still to the downside. In other words, the selloff is more likely to resume than to reverse. The 100 SMA is also in line with the channel resista...
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Bitcoin Cash Price Analysis: BCH/USD Tumbled Below $1,300

Bitcoin Cash Price Analysis: BCH/USD Tumbled Below $1,300

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Please share if you find this article interesting. Bitcoin Cash Price Analysis: BCH/USD Tumbled Below $1,300 Key PointsBitcoin cash price was not able to move above $1,480-1,500 and declined sharply against the US Dollar.There was a break below a key connecting bullish trend line with support at $1,410 on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair even broke the last swing low and it could continue to decline towards the $1,200 level.Bitcoin cash price tumbled below key supports against the US Dollar. BCH/USD is now trading well below $1,300 with a bearish angle in the short term.Bitcoin Cash Price DeclineYesterday, we discussed how $1,480 and $1,500 levels stopped the upside move in bitcoin cash price against the US Dollar. The price failed to move abo...
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Ethereum (ETH/USD) Technical Analysis (May 16, 2018)

Ethereum (ETH/USD) Technical Analysis (May 16, 2018)

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Please share if you find this article interesting. Ethereum (ETH/USD) Technical Analysis (May 16, 2018) Even though Ethereum is trading at 50 percent of its ATHs, chances are it might retrace in the coming days. In the last 24 hours for example, it is down three percent after failing to surge past $900 earlier this month. Now, because we have these lower lows, taking shorts might be a good trading strategy that flows well with the current trend.From the NewsRemember Nigel Green, the Founder of deVere Group? Well, he projected that Ethereum might close at $2,500 a piece by the end of the year. That’s pretty much outlandish from those who think Ethereum’s end is near. It’s without a doubt that despite the difficulties of What interests me in this chart is the series of higher highs
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IOTA, Stellar Lumens, Tron, Litecoin, EOS Technical Analysis (May 16, 2018)

IOTA, Stellar Lumens, Tron, Litecoin, EOS Technical Analysis (May 16, 2018)

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Please share if you find this article interesting. IOTA, Stellar Lumens, Tron, Litecoin, EOS Technical Analysis (May 16, 2018) If this is a retrace before a bullish explosion, I don’t know. What is clear for sure is that EOS, Tron and a host of other cryptos under our radar are reversing their two or three days gain. Spearheading this depreciation is EOS which is down eight percent in the last 24 hours and quickly approaching our main support line at $13.Let look at these charts:EOSUSD (EOS)EOS Daily Chart by Trading ViewI mean, with a market capitalization of $15 billion, stakes are high for EOSIO and its co-founder. As we near the launch, investors expect nothing short of success. After all, we might take confidence from Block.One VC partnership and the more than “100” startups
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Bitcoin Price Watch: BTC/USD Primed for Gains

Bitcoin Price Watch: BTC/USD Primed for Gains

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Please share if you find this article interesting. Bitcoin Price Watch: BTC/USD Primed for Gains Key PointsBitcoin price is showing bullish signs above the $8,600 pivot level against the US Dollar.This week’s ascending channel with current support at $8,480 is intact on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is now trading nicely above the $8,500 support and the 100 hourly simple moving average.Bitcoin price is following a bullish path above $8,600 against the US Dollar. BTC/USD has to move above $9,000 to accelerate gains in the near term.Bitcoin Price AnalysisThere was a slow and steady rise in bitcoin price above the $8,500 resistance against the US Dollar. The price traded higher and even broke the $8,600 resistance level to settle above the 100
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Ethereum Classic Price Analysis: ETC/USD Poised for Further Gains

Ethereum Classic Price Analysis: ETC/USD Poised for Further Gains

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Please share if you find this article interesting. Ethereum Classic Price Analysis: ETC/USD Poised for Further Gains Key HighlightsEthereum classic price formed a support base at $16.40 and recovered against the US dollar.There was a break above a crucial bearish trend line with resistance at $18.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken).The pair may continue to rise towards the $20.50 and $21.00 resistance levels in the near term.Ethereum classic price is recovering nicely against the US Dollar and Bitcoin. ETC/USD may well accelerate higher above $21.00 if buyers gain control.Ethereum Classic Price ResistanceAfter a major downside move, ETC price found support above the $16.00 level against the US dollar. The ETC/USD pair traded as low as $16.44 before s...