Tesla (TSLA) stock jumped 5.5% in the pre-market. The company is diversifying its product range taking reservations for Cybertruck in the Chinese market.After closing the markets yesterday with a significantly huge breakout, Tesla Inc (NASDAQ: TSLA) shares are now aiming at setting a new ATH, which might be attained soon enough. Led by the ambitious engineer Elon Musk, the company is proving to be the giant ready to tackle any hurdle in the future. Meanwhile, Tesla offers its customers in...
Read More »Ripple Price Analysis: XRP Signaling Start of A Fresh Rally
Ripple price is likely forming a strong support above the $0.1735 level resistance against the US dollar.The price is slowly rising above $0.1750 and the 55 simple moving average (4-hours).There was a break above a crucial bearish trend line with resistance near $0.1760 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is showing signs of upside continuation above the $0.0178 and $0.0180 resistance levels.Ripple price is starting a decent increase from the $0.1692...
Read More »Crypto Price Analysis & Overview July 3: Bitcoin, Ethereum, Ripple, Kyber Network, and Bancor
BitcoinBitcoin pretty much moved sideways this week after slipping by a small 1%. While predominantly trading in a tight range, BTC did slip beneath a critical level on a couple of occasions but has managed to recover.Last week, Bitcoin fell beneath a rising trend line formation that had been in play since mid-March. This provided the first alert that the uptrend could be stalling. This week, BTC has found support at a shorter termed rising trend line, adding to the strength of the support at...
Read More »Ripple Price Analysis: Things Looking Grim for XRP as Bears Attempt To Push Below 1900 SAT
XRP has moved sideways over the last few days as the bulls battle to defend $0.175.A break beneath $0.175 could result in XRP unwinding toward $0.15.Against Bitcoin, XRP continues to make lower lows as the sellers flirt with breaking beneath 1900 SAT.Key Support & Resistance LevelsXRP/USD:Support: $0.175, $0.171, $0.157.Resistance: $0.185, $0.192, $0.20.XRP/BTC:Support: 1900 SAT, 1890 SAT, 1873 SATResistance: 1950 SAT, 2000 SAT, 2070 SAT.XRP/USD: Bulls Continue Defence of .5 Fib...
Read More »Litecoin (LTC) Price Analysis: Bulls Facing An Uphill Task At $42.50
Litecoin price extended its decline and it even spiked below $40.00 against the US Dollar.LTC price is now correcting higher towards $42.50 and the 55 simple moving average (4-hours).There is a crucial bearish trend line forming with resistance near $42.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could either start a strong increase above $42050 or resume its decline towards $38.50.Litecoin price is trading in a negative zone against the US Dollar, while...
Read More »Ripple Price Analysis: Can The Bulls Prevent XRP From Slipping Towards $0.15?
XRP saw a sharp 6% price drop over the past week as the bulls battle to defend $0.175.A break beneath $0.175 would result in XRP unwinding toward the $0.15 level.Against Bitcoin, the disaster continues as it created fresh lows beneath 1950 SAT.Key Support & Resistance LevelsXRP/USD:Support: $0.175, $0.171, $0.165.Resistance: $0.185, $0.192, $0.20.XRP/BTC:Support: 1900 SAT, 1890 SAT, 1873 SATResistance: 1950 SAT, 2000 SAT, 2070 SAT.XRP/USD: Buyers Battling To Defend .5 Fib RetracementXRP...
Read More »ETH Price Stuck at Around $225 as Number of Active Ethereum Wallets Hits All-Time High
Ethereum is currently trading at around the same level of $225 without serious changes.The second-largest cryptocurrency by market capitalization, Ethereum, in recent times has been struggling to reach $228 facing key resistance at that level. Meanwhile, the number of active Ethereum wallets hit a new record.Trading at $227 as at press time after a 1.29 percent surge in an hour, the crypto has been well above $220 and $222 resistance level. ETH met a strong decline below $225 level finding...
Read More »Bitcoin Continues to Fight for $9,000 As Altcoins Recover Slightly
This weekend was rather exciting for Bitcoin’s price as it finally made a decision and broke out of a rather tight trading range. Unfortunately, it was to the downside, and BTC touched $8,816 on Binance Futures yesterday.Most of the large-cap cryptocurrencies followed Bitcoin but are now recovering while BTC continues to fight for the important $9,000 level.Bitcoin Price Around $9,000: The Fight ContinuesAfter plunging to about $8,816 on Sunday, Bitcoin’s price rebounded and reached as high...
Read More »Ripple Price Analysis: XRP Turns Bearish Unless It Clears $0.185
Ripple price started a fresh decline after it failed near the $0.2000 resistance against the US dollar.The price is now trading well below the $0.1850 level and the 55 simple moving average (4-hours).There is a significant bearish trend line forming with resistance near $0.1820 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to face a strong selling interest near the $0.1820 and $0.1850 levels.Ripple price is currently correcting higher above $0.1750...
Read More »BitMEX With A New Initiative To Provide Extra Benefits For Its Corporate Customers
The popular Bitcoin margin trading exchange BitMEX is launching a new program tailored towards its corporate customers. Called BitMEX Corporate, it will provide them with enhanced legal, auditory, and client relationship benefits.BitMEX Flatters Its Corporate CustomersIn the announcement from earlier today, BitMEX describes the corporate accounts on its platform as “the part of our customer base where the account owner is not an individual, but a company or other legal entity.” As such, they...
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