Please share if you find this article interesting. The Highly Accurate Ethereum Golden Cross is Forming, Is a Major Rally Incoming? Ethereum’s stellar performance of late has seen it gain 113% in the six weeks since the start of the year. This achievement reversed a six-month downtrend and helped to inject a sense of anticipation for the rest of 2020.Buying pressure from this looks to be forming a golden cross on the price charts. Which may well signal a further spike that could take the number two cryptocurrency on an extended bull run.Ethereum/USD daily chart with 50-day and 200-day moving averages. (Source: tradingview.com)Golden Cross Forming On the Ethereum Price ChartFollowing the cooling of the market momentum, high cap prices, on the whole, show modest gains today, with X
Please share if you find this article interesting. Blow to Bitcoin Bulls as Price Hits China FUD Level [Again] Bitcoin was struggling to resume its explosive upside action on Friday as it felt the pressure from a so-called China FUD level.The offbeat cryptocurrency earlier this week BTC/USD changes direction after facing a strong resistance near $10,500 | Source: TradingView.com, CoinbaseNevertheless, the excitement cooled down almost abruptly and caused bitcoin to give up its gains in the next trading sessions. Almost a month later, the cryptocurrency had crashed by circa 38 percent.China FUD 2.0Bitcoin’s latest upside took its price close to the same China FUD level of $10,540. But, like the previous time, the cryptocurrency failed to maintain its gains and slipped moderately.
Please share if you find this article interesting. This Bitcoin Metric Is Over 100% Higher in 2 Months, and It’s Critical for Bulls Over the past 60 days, Bitcoin has found itself rocketing higher, rallying from a low of $6,400 to a local top of $10,500 in the span of two months.Related Reading: Ethereum Explodes 15% Higher to $250 in 1 Day: Are More Gains Imminent?Bitcoin’s Booming Open Interest May Set Stage for SurgeOver the past few years, as institutional traders and more serious players have entered the Bitcoin market, the demand for future derivatives for the cryptocurrency has exploded.This was confirmed with a report from industry outlet The Block.They reported that as of February 13th, the aggregated amount of open interest on Bitcoin futures contracts surpassed $5 bill
Please share if you find this article interesting. Despite Bitcoin’s Key Technical Correction, The 100 SMA Can Trigger A Fresh Rally Bitcoin started a downside correction from the $10,500 area against the US Dollar. BTC declined below $10,200, but it is still holding the key 100 hourly SMA.Bitcoin price failed to climb above $10,500 and corrected lower against the US Dollar.There was a sharp dip below the $10,200 level before the bulls protected the 100 hourly SMA.There is a key contracting triangle forming with resistance near $10,290 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could either rally again above $10,300 or it might extend its decline below the $10,100 support.Bitcoin Holding Key SupportRecently, bitcoin made another Bitcoin PriceIt opene
Please share if you find this article interesting. Ripple (XRP) Approaching Next Crucial Break: Here’s Why $0.35 Holds Key Ripple surged higher and climbed above the $0.3200 resistance area against the US Dollar. However, XRP price is now facing a strong resistance near the $0.3400-$0.3500 area.Ripple price surged to a new 2020 high at $0.3399 before correcting lower against the US dollar.The price is now consolidating gains above the $0.3150 support area.There is a major contracting triangle forming with resistance near $0.3310 on the hourly chart of the XRP/USD pair (data source from Kraken).The price could either surge above $0.3400 or it might start a significant correction below $0.3000.Ripple Price Facing Key HurdlesIn the past two days, ripple saw a sharp increase in buyin
Please share if you find this article interesting. Ethereum Takes a Bit Hit But Uptrend Intact Above This Support Ethereum jumped to a new 2020 high at $278 before correcting lower against the US Dollar. ETH is now consolidating and it is likely to continue higher above $275.Ethereum seems to be struggling to clear the $275 resistance area against the US Dollar.The price is currently consolidating gains above the $260 support area.There is a key contracting triangle forming with support near $259 on the hourly chart of ETH/USD (data feed via Kraken).Ethereum PriceThe main uptrend support for Ethereum is near the $248 level and the 100 hourly simple moving average. If the price fails to stay above the $248 support area, there could be a larger downside correction. The next major s...
Please share if you find this article interesting. Bitcoin Risks 20% Drop after Rejecting $10,500 Top; Here’s Why BTC/USD eyeing a deeper correction below $10K | Source: TradingView.com, CoinbaseNevertheless, bitcoin’s move downhill located moderate support above $10,000.The cryptocurrency later managed to register an upside pullback, raising hopes for a retest of the $10,500 top. But the volumes appeared weaker enough to attempt a wild jump, putting bitcoin under the risks of continuing its plunge, now towards the $9,800-9,900 range (the pinked trendline support).A $2,000 Bitcoin CrashThe overall BTC/USD trend remained bullish, with prices still up by circa 43 percent on a year-to-date timeframe. At the same time, the cryptocurrency continued trending above key long-term support
Please share if you find this article interesting. Bitcoin Won’t Surge Past $11k Just Yet: Indicators Show Vulnerability to Short-Term Correction Bitcoin extended its rise towards the $10,500 resistance area against the US Dollar. BTC is now showing signs of exhaustion and it could dip a few points before continuing higher.Bitcoin price is struggling to gain momentum above $10,400 and $10,450 against the US Dollar.The price traded to a new 2020 high at $10,492 and it is currently correcting lower.There is a short term ascending channel forming with support near $10,350 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could dip towards the $10,300 support or $10,200 before it climbs above $10,500.Bitcoin Losing Bullish MomentumThis week, bitcoin Bitcoin Pri
Please share if you find this article interesting. Ripple (XRP) Rallies 20% To Hit $0.33 But $0.35 Region Could Be Game Changer Ripple rallied around 20% and it broke the key $0.3000 resistance against the US Dollar. XRP price is now approaching the $0.3400-$0.3500 resistance, where it could face a strong selling interest.Ripple price surged above $0.3000 and $0.3200 to move into an uptrend against the US dollar.The price is up close to 20% and it tested the $0.3400 resistance area.Earlier, there was a break above a major bearish trend line with resistance near $0.2460 on the daily chart of the XRP/USD pair (data source from Kraken).The main hurdle for the bulls is near the $0.3500 area (a multi touch zone and a key pivot area).Ripple Price Rally Facing HurdlesAfter forming a sup...
Please share if you find this article interesting. Ethereum Rally Seems Unstoppable: Here’s Why Its Different Than Bitcoin Ethereum price rallied another 12% and surged above the $270 level against the US Dollar. ETH traded to a new 2020 high at $275 and it is likely to test $288 and $300 in the near term.Ethereum extended its rise above the key $260 and $270 resistance levels against the US Dollar.The bulls remain in charge and it seems like the price could soon hit $292 and $300.There is a major bullish trend line forming with support near $268 on the hourly chart of ETH/USD (data feed via Kraken).Ethereum PriceThe 23.6% Fib retracement level of the recent rally from the $252 low to $275 high is also near $270 to provide support. On the upside, the $275 level is an initial resi