Key Highlights ETH price was under immense bearish pressure and it declined below the $560 support against the US Dollar. There is a major bearish trend line forming with resistance at $575 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair may continue to slide and it could even break the $500 … Continue reading Ethereum Price Weekly Analysis – ETH/USD Tumbles Below $560
Key Points Bitcoin cash price struggled to recover and moved below the $950 level against the US Dollar. There is a crucial bearish trend line forming with resistance at $975 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX). The pair remains at a risk of more declines and it could even … Continue reading Bitcoin Cash Price Weekly Analysis – BCH/USD Remains at Risk
Be it a brief altcoins recovery or not, this is exactly what the cryptocurrency market needs. From Lumens, NEO, LTC, Monero and even EOS, there is reliever and a pause of this relentless bear pressure. Our focus today goes to Lumens and while it is generally bearish, the response at $0.20 or the 78.6% Fibonacci … Continue reading NEO, EOS, LTC, Monero, Lumens: Technical Analysis March 17, 2018
FOMO Moments Markets have remained pretty flaccid over the past few days which is admittedly better than falling further. Bitcoin still cannot gain any traction beyond $8,000 where it currently trades. Altcoins have also been floating around the same levels for the last 2-3 days, and there is no sign of any upward movement in … Continue reading Asian Altcoin Trading Roundup: Top Cryptocurrency is Bitcoin Cash
Key Highlights Ripple price started an upside correction and moved above the $0.6500 level against the US dollar. There is a crucial bearish trend line forming with resistance at $0.7200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must move above the $0.7200 resistance and the 100 hourly simple … Continue reading Ripple Price Technical Analysis – Can XRP/USD Recover Further?
There is a flicker of hope at-least in the short term and if we consider yesterday’s shift in momentum across these liquid alt coins then there is a probability of higher highs today. However, we cannot discount chances of prices crashing yesterday’s lows and under-extension in LTC, Monero, Lumens, NEO and EOS. Any break below … Continue reading NEO, EOS, LTC, Monero, Lumens: Technical Analysis March 16, 2018
Key Highlights ETH price is currently correcting higher and it is trading near the $600 level against the US Dollar. There is a key bearish trend line forming with resistance at $620 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to move above the $620 and $635 resistances to gain … Continue reading Ethereum Price Technical Analysis – ETH/USD Consolidating Losses
Bitcoin Price Key Highlights Bitcoin has fallen through support at $8000 and could be due for more losses if this serves as resistance moving forward. Applying the Fib retracement tool shows the nearby resistance levels that could keep gains in check. Technical indicators are also reflecting increased bearish pressure. Bitcoin price has fallen through the … Continue reading Bitcoin Price Technical Analysis for 03/16/2018 – Support Break and Retest?
FOMO Moments The crypto market free-fall seems to have stalled for the time being, things are still not looking too pretty though and further dips could be ahead. Bitcoin has found some support at around $8,000 and is currently hovering around this level. Altcoins have largely suffered and shed all gains since the last big … Continue reading Asian Altcoin Trading Roundup: Top Cryptocurrency is Lisk
Key Points Bitcoin cash price corrected higher but it failed to break the $945 resistance against the US Dollar. There is a major bearish trend line forming with resistance near $965 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to trade in a range below the $950 … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Struggling Near Key Resistance