Please share if you find this article interesting. Ethereum (ETHUSD) Technical Analysis: May 10, 2018 Like most coins in the top 10, Ethereum prices is making a recovery. It is up 12 percent in the last week and with this shift of sentiment from the SEC, it is likely that we might see higher highs in the coming sessions. Besides, Casper FFG is now live at GitHub for wider scrutiny meaning that there is a real push from behind the scenes to finally cement Ethereum as a go to platform for DApps and smart contracts.From the NewsPound to pound, Ethereum performs better than Bitcoin. Yes, we can argue about the total network value where Bitcoin remains king while Ethereum crawls at its shadow. However, when we talk results and efficacy the later thrashes Bitcoin by far. In case you wa...
Please share if you find this article interesting. Bitcoin Price Watch: Can BTC/USD Hold This Support? Key PointsBitcoin price declined recently and broke the $9,300 support against the US Dollar.There is a crucial bearish trend line in place with resistance at $9,150 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair must stay above the $8,990 and $8,870 support levels to avoid further losses.Bitcoin price is struggling to gain upside momentum above $9,200 against the US Dollar. However, BTC/USD is holding a major support near $9,000, which is a positive sign.Bitcoin Price SupportsThere was a start of a fresh downside wave in bitcoin price from the $9,900 resistance zone against the US Dollar. The price declined and broke many supports such as $9,500 and $9...
Please share if you find this article interesting. Cardano Price Technical Analysis – ADA/USD Support Turned Resistance Key HighlightsADA price moved down recently and traded close to the $0.2900 level against the US Dollar (tethered).There is a significant bearish trend line in place with resistance at $0.3200 on the hourly chart of the ADA/USD pair (data feed via Bittrex).The pair may correct higher in the short term, but the previous support at $0.3200 may act as a resistance.Cardano price is back in a bearish zone against the US Dollar and Bitcoin. ADA/USD could move higher a few points, but buyers may fail to pierce the $0.3200 barrier.Cardano Price ResistanceThere was a minor recovery in ADA price from the $0.3200 support against the US Dollar. The price traded above the $0
Please share if you find this article interesting. Ripple Price Technical Analysis – XRP/USD Accelerating Declines Key HighlightsRipple price declined further and broke the $0.7800 support level against the US dollar.Yesterday’s highlighted important bearish trend line is still intact with resistance near $0.7950 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair is likely to accelerate declines and it could soon test the next support at $0.7480 in the near term.Ripple price is under pressure against the US Dollar and Bitcoin. XRP/USD may continue to move down towards the next key support at $0.7480.Ripple Price ResistanceThere was an increase in selling pressure from the $0.8500 swing high in Ripple price against the US Dollar. The price initially held th
Please share if you find this article interesting. Ethereum Price Technical Analysis – ETH/USD Struggling Near 100 SMA Key HighlightsETH price traded higher, but it failed to break the $760 and $770 resistance levels against the US Dollar.There is a key connecting bearish trend line forming with resistance at $745 on the hourly chart of ETH/USD (data feed via Kraken).The pair is currently under pressure and it may well extend its slide back towards the $715 level.Ethereum price is struggling to move higher against the US Dollar and Bitcoin. ETH/USD remains at a risk of more losses towards the $715 level in the near term.Ethereum Price ResistanceYesterday, there was a start of an upside correction above $720 in ETH price against the US Dollar. The price traded towards the $780 lev
Please share if you find this article interesting. Bitcoin Cash Price Technical Analysis – BCH/USD Likely to Extend Declines Key PointsBitcoin cash price failed to move above the $1,700 resistance and declined against the US Dollar.Yesterday’s highlighted connecting bearish trend line with current resistance at $1,630 prevented gains on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair may continue to move down and it could even break the $1,550 support in the near term.Bitcoin cash price is moving down once again against the US Dollar. BCH/USD could extend its decline towards the $1,485 level if sellers remain in control.Bitcoin Cash Price Upside HurdleYesterday, we discussed an upside correction above $1,650 in bitcoin cash price against the US Dollar. The p
Please share if you find this article interesting. Bitcoin Price Technical Analysis for 05/09/2018 – Potential Reversal Signal? Bitcoin Price Key HighlightsBitcoin price could be due for a drop as a double top can be seen on its 4-hour chart.Price has yet to test and break below the neckline around $9,000 to confirm this potential selloff.If so, it could fall by the same height as the formation, which spans $9,000 to $10,000.Bitcoin price is forming a double top on its 4-hour time frame to signal that bears are ready to jump back in.Technical Indicators SignalsThe 100 SMA is above the longer-term 200 SMA on the 4-hour time frame so the path of least resistance is still to the upside. This suggests that it’s possible for the uptrend to resume at this point.However, bitcoin price i
Please share if you find this article interesting. IOTA, Stellar Lumens, Tron, Litecoin, EOS: Technical Analysis for May 9, 2018 After a day of consolidation in EOS, IOTA spearheaded yesterday’s gain following resumption of trading at Huobi. At the same time, there was news that Andrew Greve would be joining the IOTA Foundation. Greve is a technophile and this is definitely good news supportive of IOTA’s objective of shaping and defining IoT standards in the future.Let look at these charts:EOSUSD (EOS)EOS 4HR Chart by Trading View$2 billion later and EOS is pumped up and ready to release a new “version” of Ethereum. Only that it will be faster, scalable and users don’t have to pay for running their DApps on the EOSIO blockchain. No more GAS. While it looks good on paper, let’s s
Please share if you find this article interesting. Ripple (XRPUSD) Technical Analysis: May 9, 2018 Unlike Litecoin, Ripple is still in the top five. This is happening despite shedding four percent in the last 24 hours and three percent in the last week. Overly, we remain bullish of Ripple more so if we see substantial gains past $1 in consequent sessions. If not, failure means possible liquidation to previous support lines with 45 cents a likely support level.From the NewsWhether it is a desperate attempt to thrash Ripple or not, most people don’t have kind words for Martin Walker following his Digital Currency Inquiry submission before the House of Commons. Martin is a member of Evidence Based Management. He claims that cryptocurrencies despite their proven efficiency and instan
Please share if you find this article interesting. Ethereum Classic Price Technical Analysis – ETC/USD Could Retest $25 Key HighlightsEthereum classic price found a support near the $22.50 level after a slide from $25.60 against the US dollar.There is a major bullish trend line forming with support at $23.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken).The pair remains well placed in an uptrend and it could rise towards the $25.00 level in the near term.Ethereum classic price is trading nicely against the US Dollar and Bitcoin. ETC/USD remains well supported above $23.00 and it may soon gain traction towards $25.00.Ethereum Classic Price SupportAfter trading above the $25.50 level, ETC price started a downside correction against the US dollar. The ETC/USD pair d