Fortunately the decline did not last long and markets have stabilized somewhat as we enter the weekend. Most cryptocurrencies are in the green during this morning’s Asian trading session. Bitcoin is showing gains of 5.5% on the day and is approaching $9,000 once again. Altcoins are also mostly up and one that is leading the … Continue reading Asian Altcoin Trading Roundup: Top Cryptocurrency is Binance Coin
While Ace is up 157%, BTC could only muster a 0.2% gain helping slow down the altcoins slide. Generally speaking, NEO, LTC, EOS, IOTA and Lumens are better off than yesterday’s uniform drop. Why not? With Binance announcement and quashing of potential JFSA FUDs, cryptocurrencies should fair relatively well. Binance will instead shift their focus … Continue reading NEO, EOS, LTC, IOTA, Lumens: Technical Analysis March 24, 2018
Key Highlights ADA price faced a strong selling interest near $0.2240 and declined against the US Dollar (tethered). There was a break below a crucial ascending channel with support at $0.2060 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently holding the $0.180 support level, but it remains … Continue reading Cardano Price Technical Analysis – ADA/USD Bearish Below $0.20
Key Highlights Ripple price failed to rise further and started a downside move from the $0.7246 high against the US dollar. There is a major bearish trend line forming with resistance near $0.6850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading just above the $0.6100 support … Continue reading Ripple Price Technical Analysis – Can XRP/USD Hold $0.6100?
Key Highlights ETH price is under pressure as it moved below the $560 support level against the US Dollar. There was a break below a major bullish trend line with support at $560 on the hourly chart of ETH/USD (data feed via Kraken). The pair may continue to decline and it could even attempt a … Continue reading Ethereum Price Technical Analysis – ETH/USD Could Break $500
Key Points Bitcoin cash price failed to move above the $1,080 level and declined against the US Dollar. There was a break below a connecting bullish trend line with support at $1,040 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently below the $1,000 support and the 100 … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Short-term Bearish
Bitcoin Price Key Highlights Bitcoin price failed to break past the $9,000 level after news of a potential shutdown of Binance in Japan broke out. However, bitcoin price could still form an inverse head and shoulders pattern, which is a potent reversal signal. Technical indicators are showing that bullish momentum could stay in play. Bitcoin … Continue reading Bitcoin Price Technical Analysis for 03/23/2018 – Another Reversal Pattern?
FOMO Moments After a few days of solid gains and good momentum the markets are sliding back downwards once again. Sparked by fears of a clampdown on Binance in Japan everything is in the red again this morning, a scene which has become quite commonplace this year. Bitcoin has declined by 6.8% on the day … Continue reading Asian Altcoin Trading Roundup: Top Cryptocurrency is Verge
According to data from CoinMarketCap, a 2.5% drop in BTC prices led to a 6% price erosion of Stellar Lumens by end of March 22. This goes on to tell us how dependent altcoins are on BTC volatility and how the correlation is direct. However, even in the midst of all these reds and price … Continue reading NEO, EOS, LTC, IOTA, Lumens: Technical Analysis March 23, 2018
Key Highlights Ethereum classic price recovered further and moved above the $19.00 level against the US dollar. There is a major bullish trend line forming with support at $19.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is currently trading above the $20.00 level and it may continue to … Continue reading Ethereum Classic Price Technical Analysis – ETC/USD Bullish above $19