Thursday, May 24Your Daily Bitcoin & Altcoin News Portal

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Ripple Price Analysis: XRP/USD Broke Significant Support

Ripple Price Analysis: XRP/USD Broke Significant Support

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Please share if you find this article interesting. Ripple Price Analysis: XRP/USD Broke Significant Support Key HighlightsRipple price failed to hold a major support area near $0.6500 and declined against the US dollar.There is a crucial bearish trend line forming with resistance at $0.6450 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair may correct higher, but the broken support at $0.6500 is likely to act as a hurdle.Ripple price declined further against the US Dollar and Bitcoin. XRP/USD is now well below $0.6500 and is eyeing more losses in the near term.Ripple Price Bearish BiasThere was a sharp increase in bearish pressure on Ripple price below the $0.7000 level against the US Dollar. The price declined sharply and broke a major support area near ...
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Ethereum Price Analysis: ETH/USD Tumbled Below $655

Ethereum Price Analysis: ETH/USD Tumbled Below $655

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Please share if you find this article interesting. Ethereum Price Analysis: ETH/USD Tumbled Below $655 Key HighlightsETH price was not able to move above the $700 resistance and declined sharply against the US Dollar.There is a new connecting bearish trend line forming with resistance at $655 on the hourly chart of ETH/USD (data feed via Kraken).The pair may correct higher in the short term, but upsides are likely to be capped by $650-655.Ethereum price declined heavily against the US Dollar and Bitcoin. ETH/USD is now well below $655 and is eyeing more downsides in the near term.Ethereum Price ResistanceThe past few sessions were pretty bearish as ETH price failed to break above the $700 resistance level against the US Dollar. The price started a major downside move and broke th...
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Tron (TRX) Price Watch: Bulls Waiting at This Area of Interest

Tron (TRX) Price Watch: Bulls Waiting at This Area of Interest

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Please share if you find this article interesting. Tron (TRX) Price Watch: Bulls Waiting at This Area of Interest Tron Price Key HighlightsTron is trending higher but seems to need a correction before drawing more bullish pressure.Tron is safely inside its ascending channel and is currently gearing up for a test of the bottom.Technical indicators are suggesting that the uptrend could resume soon.Tron continues to trend higher in an ascending channel but needs a test of support before resuming the climb.Technical Indicators SignalsThe 100 SMA is above the longer-term 200 SMA to confirm that the path of least resistance is to the upside. In other words, the uptrend is more likely to resume than to reverse. The gap is still sufficiently wide so there’s no strong chance of a downward
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Bitcoin (BTC) Price Watch: Kashkari Comments Bring Sellers In

Bitcoin (BTC) Price Watch: Kashkari Comments Bring Sellers In

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Please share if you find this article interesting. Bitcoin (BTC) Price Watch: Kashkari Comments Bring Sellers In Bitcoin Price Key HighlightsBitcoin price resumed its drop as price is now breaking past the mid-range area of interest.This could put it on track towards testing the range floor at the $6,550 level.Technical indicators are confirming that selling pressure is still in play.Bitcoin price seems poised for more losses as it reeled from Kashkari’s remarks and is setting its sights on the range bottom.Technical Indicators SignalsThe 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is to the downside. This means that the selloff is more likely to continue than to reverse.The 100 SMA also seems to have held as dynamic resistance and would l
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Bitcoin Cash Price Analysis: BCH/USD Bearish Below $1,150

Bitcoin Cash Price Analysis: BCH/USD Bearish Below $1,150

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Please share if you find this article interesting. Bitcoin Cash Price Analysis: BCH/USD Bearish Below $1,150 Key PointsBitcoin cash price declined further and broke a major support at $1,150 against the US Dollar.There is a major bearish trend line forming with resistance at $1,160 on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair may perhaps continue to move down and it could even break the $1,100 support level.Bitcoin cash price is accelerating declines below $1,200 against the US Dollar. BCH/USD is now well below $1,150 and eyes a downside break below $1,100.Bitcoin Cash Price ResistanceThere was no major upside recovery in bitcoin cash price above $1,220 against the US Dollar. The mentioned $1,220 level acted as a hurdle for buyers, resulting in more de...
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EOS and Tron Market Participation Spikes in the Last 24 Hours: Tron, EOS, Litecoin, IOTA and Stellar Price Analysis (May 23, 2018)

EOS and Tron Market Participation Spikes in the Last 24 Hours: Tron, EOS, Litecoin, IOTA and Stellar Price Analysis (May 23, 2018)

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Please share if you find this article interesting. EOS and Tron Market Participation Spikes in the Last 24 Hours: Tron, EOS, Litecoin, IOTA and Stellar Price Analysis (May 23, 2018) In a run up to price explosions, counter trend moves are usually rampant. That’s what we have been seeing in the last two days or so. Long coverings and reversal of gains have been the order of the day. At the moment though, prices seems to be snapping back to shape and that’s why we are seeing pockets of buy pressure in different coins under our focus.  IOTA, Tron and of course EOS are exhibiting signs of reversal. However, of all coins, Stellar Lumens is but a prime candidate which I recommend buying because of technical developments in the 4HR chart.Let’s have a look at these charts:EOS AnalysisEOS
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Bitcoin Lead Developer Garvin Andresen Won’t Do Public Interviews Anymore: Bitcoin (BTC) Technical Analysis (May 23, 2018)

Bitcoin Lead Developer Garvin Andresen Won’t Do Public Interviews Anymore: Bitcoin (BTC) Technical Analysis (May 23, 2018)

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Please share if you find this article interesting. Bitcoin Lead Developer Garvin Andresen Won’t Do Public Interviews Anymore: Bitcoin (BTC) Technical Analysis (May 23, 2018) As it is, Bitcoin prices are basically in a consolidation and swaying within a tight $2,200 range with tops at $10,000. Regardless of recent swings, I’m net bullish and today, its likely prices might move higher and sync with April 15 bullish candlestick.From the NewsThere are some pretty nice developments in the crypto world and because Bitcoin is the most dominant coin, expect to see wild allegation or over ambitious developments. One of them, depending on your view, is the rumor that there are solid plans of replacing SWIFT with the Bitcoin Network in Argentina. Well, this is definitely a BTC shot in the a
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Bitcoin Price Watch: Can BTC/USD Hold 100 SMA?

Bitcoin Price Watch: Can BTC/USD Hold 100 SMA?

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Please share if you find this article interesting. Bitcoin Price Watch: Can BTC/USD Hold 100 SMA? Key PointsBitcoin price formed a short-term top near $8,600 and started a downside move against the US Dollar.There was a break below a key bullish trend line with support at $8,370 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair must hold the $8,240 support and the 100 hourly simple moving average to avoid more losses.Bitcoin price is trading above a major support at $8,240 against the US Dollar. BTC/USD should stay above the 100 hourly SMA to trim recent losses.Bitcoin Price AnalysisAfter trading towards the $8,600 level, bitcoin price faced a selling interest against the US Dollar. The BTC/USD pair formed a short-term top at $8,596 and started a downside m...
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Ethereum Classic Price Analysis: ETC/USD Could Decline Further

Ethereum Classic Price Analysis: ETC/USD Could Decline Further

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Please share if you find this article interesting. Ethereum Classic Price Analysis: ETC/USD Could Decline Further Key HighlightsEthereum classic price topped near $18.54 and declined below the $17.60 support against the US dollar.There is a short-term bearish trend line forming with resistance at $17.60 on the hourly chart of the ETC/USD pair (Data feed via Kraken).The pair may continue to decline and it could retest the $16.80 and $16.60 support levels.Ethereum classic price is currently under pressure against the US Dollar and Bitcoin. ETC/USD may decline further towards the last swing low of $16.60.Ethereum Classic Price DeclineRecently, there was a nice upside move above $18.00 in ETC price against the US dollar. The ETC/USD pair traded towards $18.50-60 where sellers emerged...
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Ripple Price Analysis: XRP/USD’s Downside Break

Ripple Price Analysis: XRP/USD’s Downside Break

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Please share if you find this article interesting. Ripple Price Analysis: XRP/USD’s Downside Break Key HighlightsRipple price declined recently after buyers failed to push it above $0.7100 against the US dollar.Yesterday’s highlighted crucial ascending channel with support at $0.6860 was broken on the hourly chart of the XRP/USD pair (data source from Kraken).The pair is now trading below the $0.6800 support level and the 100 hourly simple moving average.Ripple price made a bearish turn against the US Dollar and Bitcoin. XRP/USD may correct lower towards the $0.6600 support in the near term.Ripple Price ResistanceThere was no upside break above the $0.7100 level in Ripple price against the US Dollar. The price traded as high as $0.7060 before sellers appeared and pushed the price