Elon Musk is at it again when it comes to crypto, and as time goes by, it’s getting harder and harder to take the SpaceX and Tesla CEO seriously. He can’t seem to get a grasp on his comments, and many digital analysts and traders, at this stage, are likely thinking the same thing: make up your mind!Elon Musk Suddenly Doesn’t Care for BTCOne minute, Musk is acting like crypto is the greatest invention known to man. The next minute, he’s saying that it all smells foul and that people should...
Read More »EOS Price Analysis: Vulnerable Below $2.65 and $2.80
EOS started a strong decline from well above the $2.800 support zone against the US Dollar.The price is currently correcting higher from $2.000, but it is well below the 55 simple moving average (4-hours).There was a break below a major bullish trend line with support at $3.000 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could continue to move lower as long as it is below the $2.650 resistance level.EOS price started a fresh decline below $2.800 and $2.650...
Read More »Litecoin (LTC) Price Analysis: More Losses Likely Below $100
Litecoin price started a steady decline from the $125 resistance zone against the US Dollar.LTC price even declined below the $100.00 level and spiked below the 55 simple moving average (4-hours).There is a major declining channel forming with resistance near $108.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to find a strong buying interest near the $92.40 and $90.00 levels.Litecoin price is slowly moving lower from well above $110.00 against the US...
Read More »BTC Is Doing Well, but Not as Well as Leading Altcoins
Bitcoin, at the time of writing, is trading for just shy of $24,000 per unit. The world’s most popular and most powerful digital currency is making its way up the financial ladder like it never has before, but despite the mega surges the cryptocurrency has encountered, they are nothing compared with the monster jumps being experienced by some of the world’s smaller, yet leading altcoins, some of which include Ethereum, Stellar, Ripple’s XRP and Litecoin.Altcoins Are Taking the StageRight now,...
Read More »Tron (TRX) Price Analysis: Key Support Nearby, Fresh Increase Likely
Tron price is approaching the main $0.0275 support zone against the US Dollar.TRX price is now trading with below the 55 simple moving average (4-hours), with a bearish angle.There was a break below a major bullish trend line with support near $0.0305 on the 4-hours chart (data feed via Bitfinex).The pair could start a fresh increase as long as the price is above the $0.0275 support.TRON price is moving lower and approaching the key $0.0275 support against the US Dollar, while bitcoin is well...
Read More »The Spotlight’s On Bitcoin, but Most Assets Are in the Green Right Now
Everyone sure keeps talking about bitcoin as of late. The currency has reached a new all-time high of roughly $23,000 per unit, and while the asset is doing extremely well, we cannot forget about the smaller altcoins that share the crypto limelight with bitcoin. We’re talking, of course, about currencies such as Ripple’s XRP and Ethereum.Bitcoin Is Doing Well, but So Is Everything ElseEthereum is the second-largest cryptocurrency by market cap and the number one competitor to bitcoin. At the...
Read More »Cardano (ADA) Price Analysis: More Downsides Possible Unless It Breaks $0.16
ADA price started a decline increase after forming a top near the $0.1760 zone the against the US Dollar.The price is now trading below the $0.1600 level and the 55 simple moving average (4-hours).There was a break below a major bullish trend line with support near $0.1640 on the 4-hours chart (data feed via Kraken).The price could resume its decline unless there is a clear break above $0.1600 and $0.1620.Cardano price is back below the $0.1600 support against the US Dollar, similar to...
Read More »Ethereum Price Analysis: ETH Likely To Extend Losses Below $600
Ethereum price started a fresh decline from the $670 resistance zone against the US Dollar.ETH price is currently trading below the $628 support and the 55 simple moving average (4-hours).There was a break below a major contracting triangle with support near $627 on the 4-hours chart (data feed from Coinbase).The pair is consolidating losses above $600, but there are chances of more downsides in the near term.Ethereum price is slowly gaining bearish momentum below $628 against the US Dollar....
Read More »Stellar Lumen (XLM) Price Signaling Next Crucial Break, $0.18 Holds Key
Stellar lumen price topped near $0.2080 and started a fresh decline against the US Dollar.XLM price is now testing the $0.1750 support and the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.1750 on the 4-hours chart (data feed via Kraken).The pair could either rally above $0.1800 or it might dive further below $0.1750.Stellar lumen price is correcting gains from well above $0.2000 against the US Dollar, while bitcoin holding gains. XLM...
Read More »Ripple Price Analysis: Fresh Surge Likely Above $0.58
Ripple price is struggling to clear the $0.5800 and $0.6000 resistance levels against the US dollar.The price is holding the key $0.5350 support and the 55 simple moving average (4-hours).There is a key declining channel forming with resistance near $0.5780 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could start a fresh increase if there is a clear break above $0.5780 and $0.5800.Ripple price is showing bullish signs above $0.5350 against the US Dollar. XRP...
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