Key Highlights Ripple price declined recently and broke the $0.5200 support zone against the US dollar. There is a major bearish trend line in place with resistance at $0.5200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may struggle to move back above the $0.5200 resistance and the 100 hourly simple moving average. Ripple price failed to hold gains against the US Dollar and Bitcoin. XRP/USD may slide further towards the $0.4790 support level in the near term. Ripple Price Analysis During the past…
Category: Analysis
Ethereum Price Analysis: ETH/USD Back To Significant Support At $206
Key Highlights ETH price failed to recover and it recently declined below the $214 support against the US Dollar. There is a key declining channel in place with resistance at $212 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently under pressure and it could decline towards the $206 support area. Ethereum price declined further against the US Dollar and bitcoin. ETH/USD is slowly declining towards a significant support area near $206. Ethereum Price Analysis During the past few sessions, there was a slow and…
Bitcoin Cash Price Analysis: BCH/USD Sliding Towards $550
Key Points Bitcoin cash price declined recently and broke the $575-580 support against the US Dollar. There is a major bearish trend line in place with resistance at $582 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to slide and it could even test the $550 support level in the near term. Bitcoin cash price extended declines below $600 against the US Dollar. BCH/USD is currently under pressure and it looks set to test the $550 support. Bitcoin Cash Price Analysis Yesterday,…
More than 600 Corporations Interested in IOTA
Like the rest of the market, IOT/USD aggressive traders can begin loading at spot thanks to Nov 4 close above the minor resistance trend line. But, the real impetus is the effort by the IOTA Foundation to create avenues where corporations can easily integrate and make use of Tangle. Latest IOTA News That IOTA has a lot of user cases is true. No doubt, the demand for IOTA’s tangle is high. As a matter of fact, in the last 12 months, more than 600 organizations have shown their interest according…
Every Dip a Buying Opportunity in XLM/USD and ADA/USD
After solid gains, altcoins are slowing down but not bearish. From the chart we can see that ADA/USD and XLM/USD pairs are trending higher within a bullish break out pattern. At the same time, LTC/USD is down while EOS/USD is flat despite release of EOSIO 1.4.0. Lets’ have a look at these charts: EOS Price Analysis EOSIO 1.4.3 Releasehttps://t.co/BfKJssq0W4 — Block.one (@block_one_) November 8, 2018 In a bid to make EOSIO more usable, the developer team are launching EOSIO 1.4.3 and EOSIO.CDT Version 1.4.0. The aim here is to improve…
Altcoins Preserve Bearish Sentiment as Rally Fizzles Out
Twitter Facebook LinkedIn Led by ripple (XRP), the bitcoin and the altcoin markets edged lower on Thursday after staying on the bulls’ side for most of the week. Ripple Price Headlines Pullback The cryptocurrency market as a whole witnessed their uptrends getting stalled. Other top performers during the previous rally, including stellar (XLM), bitcoin cash (BCH) and EOS, underwent a sharp pullback action. However, they managed to hold on to some of their gains despite being unable to sustain their prevailing bullish momentum. The crypto correction coincided with the pullback…
Price Eyeing Bearish Reversal from 100-Period SMA
Twitter Facebook LinkedIn The bitcoin-to-dollar exchange rate has dipped close to 1 percent on Thursday, now trading at 6470-fiat. The outcome of the US midterm elections with Democrats sweeping a sharp win in the House had certainly shaken the US dollar yesterday. The greenback nevertheless sustained its overall bullish momentum ahead of the Federal Reserve policy meeting today. It looks to hold on to its crucial supports owing to optimistic wage, price, and labor market data. Bitcoin, at the same time, could find it difficult to push through its critical…
Bitcoin Cash Price Analysis: BCH/USD Consolidating Near Key Support
Key Points Bitcoin cash price traded as high as $637 and later corrected lower against the US Dollar. There was a break below a key bullish trend line with support at $605 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently trading near a major support at $575 and the 100 hourly simple moving average. Bitcoin cash price started a downside correction from the $640 swing high against the US Dollar. BCH/USD is currently consolidating near $575 and it could bounce back. Bitcoin…
Bitcoin Price Watch: BTC/USD Near Make-or-Break Support Zone
Key Points Bitcoin price declined recently and traded below the $6,470 support level against the US Dollar. There is a significant bullish trend line in place with support at $6,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to bounce back as long as it is above $6,440 and $6,375 in the near term. Bitcoin price corrected lower below $6,500 against the US Dollar. BTC/USD is currently testing a major support at $6,440, which holds the key. Bitcoin Price Analysis Yesterday, we…
Bitcoin Cash Drops 5% as Crypto Market Retraces, Tokens Take a Hit
Twitter Facebook LinkedIn After demonstrating nearly a 50 percent gain within a three-day span, Bitcoin Cash dropped five percent of its value against the US dollar. The volume of Bitcoin Cash, which hovered at around $1.4 billion on November 6, has since dropped to $950 million, by 32 percent. Still, on a weekly basis, the volume of Bitcoin Cash is up from $750 million from $200 million. Ripple (XRP), EOS, and Stellar (XLM), three major cryptocurrencies that experienced fairly large gains against both Bitcoin and the US dollar, recorded a…