EOS price started a decent recovery from the $4.30 zone against the US Dollar. The price is now trading above $5.00 and the 55 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $4.85 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue higher if there is a clear break above the $5.10 and $5.20 resistance levels. EOS price is gaining pace above $5.00 against the US...
Read More »Litecoin (LTC) Price Analysis: Bulls Aim Rally above $200
Litecoin price declined heavily below $200 and tested $160 against the US Dollar. LTC price is now trading above $180 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $177 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must move above the $196 resistance to start a decent increase in the near term. Litecoin price is showing positive signs above $180 against the US Dollar, similar to...
Read More »Tron (TRX) Price Analysis: Bulls Aim Rally above $0.12
Tron price started a major increase above the $0.1000 resistance against the US Dollar. TRX price is now trading above $0.1000 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.1085 on the 4-hours chart (data feed via Bitfinex). The pair could start another increase if there is a clear break above the $0.1200 resistance. TRON price gained traction above $0.1000 against the US Dollar, similar to bitcoin. TRX price...
Read More »UCLA B-Ball Player Jaylen Clark Releases New Crypto
Jaylen Clark – a college basketball player at UCLA – has become the first college sports player to release his own cryptocurrency. Clark Makes Crypto – and Sports – History Known as $JROCK, the product was announced last Thursday to approximately 22,000 followers on YouTube and nearly 60,000 fans on Instagram. Those following Clark and his sports career will have first access to the coin through a platform known as Rally, which Clark has partnered with. At the time of...
Read More »Cardano (ADA) Price Analysis: Risk of More Losses Below $2.20
ADA price started a sharp decline from the $3.00 zone against the US Dollar. The price is now trading below $2.60 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $2.68 on the 4-hours chart (data feed via Bitfinex). The price could start another strong decline if it breaks the $2.20 support zone. Cardano price is facing many hurdles near $2.65 against the US Dollar, similar to bitcoin. ADA price must stay above...
Read More »Ethereum Price Analysis: ETH Could Struggle Near $3,400
Ethereum price started a major decline from the $4,000 resistance against the US Dollar. ETH price is now trading below $3,500 and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near $3,400 on the 4-hours chart (data feed from Coinbase). The pair could extend its decline unless there is a clear break above the $3,400 resistance. Ethereum price is showing bearish signs below $3,500 against the US Dollar. ETH/USD could...
Read More »All of Central America Is Becoming a Major Crypto Haven
It appears several countries in Central America are learning some lessons from El Salvador. Many of the nations in the region – including Guatemala, Panama, and Honduras – are now working to implement bitcoin as a staple currency or trying to establish digital currencies of their own. Central America Suddenly Loves BTC In Honduras and Guatemala for example, the central banks of both nations are experimenting with blockchain technology and working to establish bank-issued...
Read More »Stellar Lumen (XLM) Price Could Continue Lower Below $0.30
Stellar lumen price started a strong decline from the $0.4300 resistance against the US Dollar. XLM price is now trading below $0.3500 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.3200 on the 4-hours chart (data feed via Kraken). The pair could continue to decline if there is a break below the $0.3200 and $0.3100 support levels. Stellar lumen price is gaining bearish momentum below $0.3200 against the...
Read More »Ripple Price Analysis: Risk of More Downsides Below $1.05
Ripple price started a strong decline from the $1.40 resistance against the US dollar. The price is now trading below $1.20 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1.05 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could resume its decline as long as there is no close above the $1.20 resistance zone. Ripple price is showing bearish signs below $1.20 against the US Dollar,...
Read More »Bitcoin Cash Analysis: Risk of More Losses Below $630
Bitcoin cash price started a fresh decline from well above $750 against the US Dollar. The price is now trading below the $700 zone and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $665 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to decline unless it clears the $685 and $695 resistance levels. Bitcoin cash price is struggling to recover above $700 against the...
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