Thursday, February 20Your Daily Bitcoin & Altcoin News Portal

PRICE ANALYSIS

Poloniex Bitcoiners’ Stellar Lumens in Jeopardy

Poloniex Bitcoiners’ Stellar Lumens in Jeopardy

PRICE ANALYSIS
Stellar Labs have had an ongoing program where they are giving away free Lumens to people who already hold Bitcoin. They explain this move by saying: To achieve a more inclusive digital economy. Per our mission, Stellar.org works to connect people to low-cost financial services. Giving away lumens for free is an invitation to communities to design the services they need. […] To expand the reach of the network. The availability and active use of lumens on the network will increase the network’s utility by many orders of magnitude. However, when they announced the program earlier this year, they said that users of Poloniex and other exchanges wouldn’t need to do anything: An updated page shows that they are “confirming with Poloniex,” who summarily denied having ever agreed to recei
Ethereum Classic Price Technical Analysis: $15 Support Turns into Resistance

Ethereum Classic Price Technical Analysis: $15 Support Turns into Resistance

PRICE ANALYSIS
Ethereum classic price followed ETH’s declining path versus the Bitcoin, and ETC/USD is currently facing a tough barrier near $15.00. Key Highlights Ethereum classic price followed ETH and declined heavily to trade near $12.00 against the US Dollar. There is a major bearish trend line with resistance at $14.50 formed on the hourly chart of ETC/USD (Data feed via Kraken). The price is currently correcting higher, but facing a major resistance near $15.00. Ethereum Classic Price Continued to Decline This week turned out to be super bearish for ETC price as it moved below a major support area of $15.00 against the US Dollar. The downside move was sharp, as the price declined towards $12.00 and traded as low as $11.95. It seems like the recent pressure on ETH/USD and BTC/US
Ethereum Price Technical Analysis: Many Hurdles Ahead

Ethereum Price Technical Analysis: Many Hurdles Ahead

PRICE ANALYSIS
Ethereum price remains in a downtrend against the US Dollar and Bitcoin, and a recovery in ETH/USD won’t be easy in the near term above $210. Key Highlights ETH price declined further and moved below the $180 level against the US Dollar. Yesterday’s highlighted two bearish trend lines with current resistances as $190 and $210 on the hourly chart of ETH/USD (data feed via SimpleFX) are intact. On the downside, the recent low at $168 may provide support in the short term. Ethereum Price Resistance There was no relief for buyers as ETH price continued to move down and traded below $180 against the US Dollar. A new weekly low was formed at $168.58 from where a minor recovery was started. The price traded above the 23.6% Fib retracement level of the last decline from the $23
Bitcoin Price Technical Analysis: Might Be Due for Another Pullback

Bitcoin Price Technical Analysis: Might Be Due for Another Pullback

PRICE ANALYSIS
Bitcoin price is testing recent lows after its brief correction, signaling that bearish momentum is still in play. Bitcoin Price Key Highlights Bitcoin price resumed its selloff after completing a quick pullback off its recent slide. Applying the Fibonacci extension tool on the correction move shows the next downside targets. Price is currently bouncing off the 50% extension and might be due for another pullback. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA so the path of least resistance is to the downside. The gap between the two is widening to reflect stronger selling pressure. In addition, the 200 SMA lines up with a descending trend line connecting the highs since the start of the month, and this could act as the last line of defense in...
Dash Price Technical Analysis: Drops into Critical Zone

Dash Price Technical Analysis: Drops into Critical Zone

PRICE ANALYSIS
Dash price declined and broke key supports against the US Dollar and Bitcoin, and now DASH/USD is back in the bearish zone below $185. Key Highlights Dash price after a ride towards the $225 level versus the US Dollar faced sellers and declined. There is a major bearish trend line with resistance at $185 forming on the hourly chart of DASH/USD (data feed from Poloniex). The price currently correcting higher, but might struggle to break the $180-185 resistance zone. Dash Price Resistance In the last analysis, we saw a decent spike in Dash price above the $190 level against the US Dollar. The price even broke the $210 resistance and traded towards $225 where it faced sellers. Later, the price started a downside move and traded below the $210 ad $200 support levels. The mo
Ethereum Price Technical Analysis: Hits a New 1 Month Low

Ethereum Price Technical Analysis: Hits a New 1 Month Low

PRICE ANALYSIS
Ethereum price made heavy downside moves against the US Dollar and Bitcoin, and ETH/USD might continue to trade lower may be towards $170. Key Highlights ETH price is under heavy selling pressure, and recently broke the $220 and $200 support levels against the US Dollar. There are two bearish trend lines with resistances as $204 and $225 forming on the hourly chart of ETH/USD (data feed via SimpleFX). On the downside, an initial support is near $186, followed by the $165 level.   Ethereum Price under Pressure There was a solid increase in selling pressure in ETH price as it moved below the $220 and $200 support levels against the US Dollar. The price even struggling to hold the $190 level and recently traded as low as $185.13 from where a minor recovery started. T
Bitcoin Price Technical Analysis: Sellers Have Taken Over Control

Bitcoin Price Technical Analysis: Sellers Have Taken Over Control

PRICE ANALYSIS
Bitcoin price made a downside break from its triangle consolidation pattern to confirm that sellers are taking control from here. Bitcoin Price Key Highlights Bitcoin price was previously stuck in a symmetrical triangle consolidation pattern as bulls and bears have been battling it out. Price finally picked a direction and broke lower, signaling that sellers have gained the upper hand. This also allows bitcoin price to complete its complex head and shoulders formation, which is a classic downtrend signal. Technical Indicators Signals The 100 SMA has also crossed below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. These moving averages have also been in line with the top of the triangle, adding to its strength as a ceiling.
Ethereum Classic Price Technical Analysis: Positioning to Fall Below $15.5

Ethereum Classic Price Technical Analysis: Positioning to Fall Below $15.5

PRICE ANALYSIS
Ethereum classic price moved down in the bearish zone against the US Dollar and Bitcoin, and ETC/USD now positioning for more declines below $15.50. Key Highlights Ethereum classic price finally broke an important pattern and traded towards $14.50 against the US Dollar. This past week’s major contracting triangle pattern with support at $16.90 on the hourly chart (data feed via Kraken) of ETC/USD was breached. The price corrected lower after trading as low as $14.47, but failed to regain the bullish bias. Ethereum Classic Price Resistance This past week, we followed a major contracting triangle pattern with support at $16.90 on the hourly chart (data feed via Kraken) of ETC/USD. There were many swing moves inside the triangle, but later ETC price lost momentum and decli
Ethereum Price Technical Analysis: Sliding Further Down

Ethereum Price Technical Analysis: Sliding Further Down

PRICE ANALYSIS
Ethereum price is struggling to recover against the US Dollar and Bitcoin, and ETH/USD might continue to slowly grind lower towards or below $225. Key Highlights ETH price remained in a bearish trend and traded to a new weekly low at $225 against the US Dollar. There is a new bearish trend line with resistance at $235 forming on the hourly chart of ETH/USD (data feed via SimpleFX). The price may retest the $225 swing low today where buyers could be tested. Ethereum Price Decline There was an extension of the last leg in ETH price as it traded below the $248 support against the US Dollar. The price declined to a new weekly low at $225. Later, a recovery was started and the price moved above the 23.6% Fib retracement level of the last decline from the $270.85 high to $225
Bitcoin Price Technical Analysis: About to Set Next Move

Bitcoin Price Technical Analysis: About to Set Next Move

PRICE ANALYSIS
Bitcoin price is moving closer to the peak of its triangle pattern, so traders are on the lookout for a big breakout. Bitcoin Price Key Highlights Bitcoin price is still stuck inside its symmetrical triangle consolidation pattern visible on the 4-hour time frame. Price is currently testing support and may be due for another quick bounce up to the resistance. Price is approaching the peak of the formation so a breakout could take place anytime soon. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA so the path of least resistance is to the downside. In addition, bitcoin price bounced off the 100 SMA dynamic inflection point, which might continue to hold as resistance. A move higher could still hit the ceiling at the 200 SMA dynamic resistance. ...