Category: Analysis

Ethereum Price Technical Analysis ETH USD

Ethereum Price Technical Analysis – ETH/USD Facing Major Hurdle No Comments

Key Highlights ETH price recovered well from the $250.73 low against the US Dollar, but facing sellers near $292. There is a new connecting bullish trend line forming with support at $282 on the hourly chart of ETH/USD (data feed via SimpleFX) was broken. The price has to break the $292 and $294 resistance levels to gain traction in the near term. Ethereum price has recovered well ag...


ETH/USD Consolidates Inside Ichimoku Cloud No Comments

Volatility seems to have slowed down across the main cryptocurrencies after last week’s series of negative coverage. Ethereum price have lost momentum and is mostly losing ground against USD despite an overall positive fundamental market outlook. Technical Points After testing briefly above the Ichimoku cloud the beginning of the week, the ETH/USD pair is now back inside the cloud under a ...


Ripple Price Technical Analysis XRP USD

Ripple Price Technical Analysis – Can XRP/USD Gain Pace? No Comments

Key Highlights Ripple price traded below the $0.1700 support against the US Dollar before finding support. There is a bearish trend line forming with resistance near $0.1780 on the hourly chart of XRP/USD (data source from Kraken). The price has to break the $0.1780-0.1800 levels in order to move back into the bullish zone. Ripple price is trading with a slight bearish tone against t...


Bitcoin Price Technical Analysis for 09/25/2017 – Reversal Pattern in Sight! No Comments

Bitcoin Price Key Highlights Bitcoin price looks ready for more losses as a head and shoulders uptrend reversal pattern can be seen on the 1-hour chart. Price has yet to break below support around $3600 to signal that a selloff is in order. The chart pattern spans $3600 to $4100 so the resulting selloff could be of the same height. Bitcoin price is forming a head and shoulders revers...


Bitcoin Cash Price Technical Analysis BCH USD

Bitcoin Cash Price Technical Analysis – BCH/USD Consolidates above $400 No Comments

Key Points Bitcoin cash price after trading towards the $400 level started consolidating against the US Dollar. There is a short-term contracting triangle pattern forming with resistance near $425 on the hourly chart of BCH/USD (data feed from Kraken). A break and close above $425-430 could take the price towards the $460 level. Bitcoin cash price is consolidating losses against the ...


Bitcoin Cash Price Weekly Analysis BCH USD

Bitcoin Cash Price Weekly Analysis – BCH/USD Facing Uphill Task No Comments

Key Points Bitcoin cash price recovered from the $301 low but faced a major hurdle against the US Dollar. There is a crucial bearish trend line with resistance at $475 forming on the 4-hours chart of BCH/USD (data feed from Kraken). The pair might continue to struggle to break the $450-475 resistance in the near term. Bitcoin cash price is recovering above $400 against the US Dollar....


Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – Can BTC/USD Break This? No Comments

Key Points Bitcoin price has started a recovery from the $2965 low against the US Dollar and already moved above $3500. There is a monster bearish trend line with resistance near $3850 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair has to break the 43850-4000 resistance to gain momentum in the near term. Bitcoin price is recovering above $3500 against the US Doll...


Ethereum Price Weekly Analysis ETH USD

Ethereum Price Weekly Analysis – ETH/USD Recovery Looks Real No Comments

Key Highlights ETH price after a major correction towards $199.75 found support against the US Dollar and started a recovery. There was a break above a major bearish trend line with resistance near $280.00 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair might continue to trade higher and could even trade towards $320-330. Ethereum price found support against the US...


Altcoin Analysis for 22-09-2017: LTC, DASH, XEM, IOTA and XMR No Comments

LTCUSD TECHNICAL ANALYSIS LTCUSD topped on 02.09.2017 with very strong price rejection at 93.00. This was consequently confirmed by stochastics when a sell signal was printed. Further weakness was expected after the formation of that double bar reversal candlestick and bear engulfing pattern. With this breakdown, the first major support was broken on 14.09.2017 at 57.00.  Price retested this l...


Bitcoin Price Watch; Trading The Crossover No Comments

The European session is about to draw to a close and, with it, our European efforts in the bitcoin price for the week. As we noted this morning, it has been a pretty wild week as far as volatility is concerned. Price served up plenty of entry opportunities, especially towards the end of the, and we were able to take advantage of a number of shifts in capitalization both during the European and US ...


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