Dash/USD Dash traders sold off again during the Wednesday trading hours, breaking down below the $700 level. In fact, the volume break below the $800 level was significant enough to make me think that when we rally, sellers will be coming back to short the market again. I anticipate that the dash market has further … Continue reading DASH and Litecoin Analysis January 18, 2018
ETH/USD Ethereum continue to roll over during the Wednesday session, reaching the $900 level. It now looks as if the $800 level is all but assured, and then the $700 level. I think at this point in time, any rally is a selling opportunity, unless we can clear the $1100 level. One thing that does … Continue reading Ethereum Analysis January 18, 2018
As CNBC Africa’s CryptoTrader host and producer Ran Neuner noted, bitcoin declined by 30 percent on five different occasions in 2017. This month’s 20 percent correction in bitcoin is tolerable, given the major corrections it had experienced in the past 12 months. Major Correction Other major cryptocurrencies such as Ethereum and Bitcoin Cash also recorded corrections … Continue reading Bitcoin Declined by 30% Five Times in 2017, Recent Correction is Tolerable
Key Points Bitcoin gold price declined further and it failed to stay above the $200 level against the US Dollar. There is a short-term connecting bearish trend line forming with resistance at $185 on the hourly chart of BTG/USD (data feed from Bitfinex). The pair is currently holding $150, but it is struggling to stay … Continue reading Bitcoin Gold Price Technical Analysis – Can BTG/USD Hold $150?
Key Highlights Ripple price made a sharp downside move and broke the $1.00 support against the US dollar. There is a crucial bearish trend line forming with resistance at $1.50 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently struggling to hold the $1.00 level and it may … Continue reading Ripple Price Technical Analysis – XRP/USD Struggling to Hold $1.00
After Charlie Lee bears, LTC sellers are picking up from where they left. Not only did they close lower but that multi-level support break out is significant. Will sell pressure continue? Definitely and judging from the kind of statement yesterday, volatility might slow down but we all know sellers are in charge. Let’s have a … Continue reading LTC SELLERS BREAK BELOW $200 AFTER PEAKING AT $400 35 DAYS AGO
Key Highlights ETH price declined sharply and traded below the $1100 and $1000 support levels against the US Dollar. There is a new connecting bearish trend line forming with resistance at $1060 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is currently under a lot of bearish pressure and it could … Continue reading Ethereum Price Technical Analysis – ETH/USD Bearish Below $1100
Bitcoin Price Key Highlights Bitcoin price staged a massive selloff after breaking below the descending triangle bottom previously highlighted. Price has dropped by around $3,000 and could have a few more losses to go before bottoming out. Bitcoin is currently finding support at a Fib retracement level but might be due for a larger pullback. … Continue reading Bitcoin Price Technical Analysis for 01/17/2018 – Is There An End to the Slide?
Key Points Bitcoin cash price faced heavy selling pressure and it declined toward $1500 against the US Dollar. Yesterday’s highlighted major bearish trend line with resistance at $2100 is intact on the hourly chart of BCH/USD (data feed from Kraken). The pair may correct a few points, but it is likely to face resistances near … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Crashes Toward $1500
DASH/USD DASH continues to be a bit of a grinder, dropping down towards the $800 level. The volume has been picking up, but on the 4-hour chart we had formed a massive hammer. The hammer is a positive sign, but we must break above that candle to start buying, meaning we need to clear the … Continue reading DASH and Litecoin Analysis January 17, 2018