Markets

EOS rallied sharply above the $2.500 and $2.800 resistance levels against the US Dollar.The price traded as high as $.979 before correcting lower sharply towards the 55 simple moving average (4-hours).There is a short-term declining channel forming with resistance near $2.670 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could either restart its rise above $2.700 or decline further towards the $2.500 support.EOS price is trimming gains from the $3.000 resistance...

Litecoin price is slowly recovering and trading above the $45.00 support zone against the US Dollar.LTC price is currently facing a major hurdle near the $47.00 and $48.20 levels.There is a key bullish trend line forming with support near $45.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to climb higher unless it breaks the $45.00 support zone in the near term.Litecoin price is currently trading in a range above $45.00 against the US Dollar, similar...

Bitcoin has had a slow last few weeks, that’s for sure. It appears that the cryptocurrency is trading within a narrow range, unable to swing convincingly in either direction.This is reflected in its historic volatility, which has been falling quite a bit. In fact, it’s currently at a point where, usually, a huge move is inbound.Bitcoin Historic Volatility Low: Huge Move IncomingThose who’ve been following the cryptocurrency markets long enough know that there’s rarely a boring day. And, in...

Yesterday, Tesla hit a new milestone of $250 billion in its six-month average stock value. As a result, Musk is poised to secure his fourth payment tranche.Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is set to receive another $3 billion as the company is set to hit a new milestone in stock market value. Upon the release of the Tesla third-quarter report, Musk may secure his fourth tranche according to his milestone pay package deal from his 2018. Since his first tranche worth $700 million was...

XRP/USD – Bulls Face Resistance at Bearish .382 Fib.Key Support Levels: $0.24, $0.236, $0.23.Key Resistance Levels: $0.251, $0.261, $0.271.XRP rebounded from a rising trend line on Sunday which saw the coin breaking above the 100-days EMA to reach the resistance at $0.251 (bearish .382 Fib Retracement). During this week, XRP managed to spike as high as $0.26 but is still yet to close a daily candle above the resistance at the bearish .382 Fib Retracement.Yesterday, after failing to break the...

The DeFi markets have had a rough few days over the past week. The majority of the cryptocurrencies centered in the space are trading well in the red.At the same time, the total value locked (TVL) in DeFi protocols has been on the decline over the past two days as well.According to DeFi Pulse, the TVL is down to $10.15 billion, at the time of this writing. This means that it lost over $1 billion since the beginning of October as the value reached $11.23 billion on September 30th.Building on...

Bitcoin price appears to be tracking in another classic whale manipulation pattern right now, after yesterday’s sharp $200 crash during the US trading session. The details of this pattern have already been covered extensively in a previous analysis, but for those of you not familiar, it essentially represents a strategy employed by large BTC traders (whales) to create panic in the market and force weaker hands to sell. The induced rise in selling pressure creates more...

Tron price is trading in a bearish zone below the $0.0285 and $0.0300 resistance levels against the US Dollar.TRX price is now trading well below the $0.0265 pivot and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $0.0278 on the 4-hours chart (data feed via Bitfinex).The pair is likely to continue lower and it could dive if it clears the $0.0240 support zone.TRON price is currently trading in a bearish zone below $0.0265 against the US...

Pan-European payment solution for online markets Lemonway has partnered with Ripple to utilize RippleNet to facilitate international euro-to-euro payments for its customers.At the same time, the payment protocol company announced a restructuring with its executive leadership across the organization and rebranding two of its products.Lemonway To Employ RippleNetAnnounced earlier today, the partnership between Ripple and the payment institution created in France in 2007 would allow Lemonway to...

Bitcoin price failed to surpass the $10,800 resistance and declined against the US Dollar.The price is now trading well below the $10,800 resistance and the 55 SMA (H4).There is a major breakout pattern forming with support near $10,540 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to decline sharply if there is a break below the $10,540 and $10,500 support levels.Bitcoin price is currently showing a few bearish signs below $10,700 against the US...