Tag Archives: Price Analysis

Bitcoin Cash would remain bearish as long as the price action remains inside the daily channel against the US DollarThe price is still up 1.87% despite the recent bearishness in the overall marketAgainst Bitcoin, BCH is currently relying on 0.033 BTC support levelBCH/USD: BCH Rejecting At $240 Resistance Key Support Levels: $240, $280, $351Key Resistance Levels: $200, $169, $141BCH/USD. Source: TradingViewAfter a massive crash earlier this month, Bitcoin Cash saw a significant recovery over...

BitcoinBitcoin price increased by a total of around 10% this week as it blew past the $6,000 level to reach the resistance at $6,800. It did manage to spike as high as $7,000 but has failed to break above $6,800 for the past 4-days of trading and recently rolled over to reach $6,640.From above, the first level of resistance to break lies at $6,800. Above this, resistance lies at $7,000, $7,200 (bearish .5 Fib Retracement), $7,500, $7,700, and $8,000 (bearish .618 Fib Retracement &...

Litecoin increased by a small 7% over the last week of trading as it reached $40.The cryptocurrency has been trading within a rising wedge formation for the past 2-weeks.Against Bitcoin, Litecoin continues to create fresh lows each day during March.Key Support & Resistance LevelsLTC/USD:Support: $39, $35, $32.50.Resistance: $42, $44, $47.50.LTC/BTC:Support: 0.0058 BTC, 0.0056 BTC, 0.0055 BTC.Resistance: 0.006 BTC, 0.0062 BTC, 0.00634 BTC.LTC/USD: Litecoin Trading Within Rising WedgeThe...

Tezos resumed bearish sentiment after meeting rejection at a crucial resistance area.Despite losing 3.5% today, the price of Tezos continued to find support at 2500 SAT level against  BitcoinThere’s hope for the bulls if Tezos can clear the $1.8 resistance level.XTZ/USD: Tezos Remains Bearish Under $1.8 ResistanceKey Resistance Levels: $1.80, $2Key Support Levels: $1.25, $0.845XTZ/USD. Source: TradingViewFrom what’s happening so far, it appeared the coronavirus is still causing serious panic...

BitcoinBitcoin witnessed a 22% price increase over the past seven days as it bounced from the $5,000 level and climbed back above $6,000 to reach the current price of $6,500. It had found strong support at $4,800 during the March market crash and traded sideways between here and $6,000 for the past week until breaking above in yesterday’s session.From above, the first level of resistance lies at $6,800. Above this, resistance lies at $7,000, $7,200 (bearish .5 Fib Retracement), and $7,500....

Tezos saw a substantial increase following a four-day recovery from $1.2.Against Bitcoin, Tezos slightly bounce around 25000 SAT support after heavy correction, but bullish actions are still shaky.Tezos would confirm a trend reversal if the price can rise above the immediate resistance level.If the price drops beneath the weekly low, the XTZ market may resume short-term bearish actions.XTZ/USD: Tezos Showing Strength AgainKey Resistance Levels: $1.80, $2Key Support Levels: $1.25,...

LINK has found strong support at the January opening price of $1.72.The cryptocurrency has dropped by a steep 64% from the March high of $5.02.It is finding support at 0.000345 BTC against Bitcoin as the buyers try to defend the area.Key Support & Resistance LevelsLINK/USD:Support: $1.72, $1.60, $1.50.Resistance: $2.00, $2.20, $2.40.LINK/BTC:Support:0.000346 BTC, 0.000332 BTC, 0.00032 BTC.Resistance: 0.000367 BTC, 0.00038 BTC, 0.00038 BTC..LINK/USD: Creates Fresh 5-month Low After Market...

After a 25% daily surge, WazirX continued to struggle under key resistance across trading pairsWazirX is looking for a strong rebound level to keep the buyers in action.Despite the latest bullish price actions, the WRX market still favors the short-term bearsWRX/USD: WazirX Suspends Bearish For SidewaysKey Resistance Levels: $0.1, $0.15Key Support Levels: $0.063, $0.053WRX/USD. Source: TradingViewFollowing the recent global market crisis, we saw how most of the altcoins fell to a new low,...

EthereumETH/USD. Source: TradingViewLast weekend, Ethereum recovered a bit to $140 following a sudden 55% price drop to a weekly low of $86. After a short daily increase, Ethereum’s price dropped to $100 (March 12 low), which reveals that sellers are showing interest again. More so, we can see that ETH is still struggling inside the 7-month descending channel.If the price drops below the psychological level of $100, Ethereum could slip back to $86 (last week’s low). Beneath this level lies a...

Bitcoin (BTC)Yesterday, the price of Bitcoin crashed by over 40%, following the emerging global market crisis. Before this fatal plunge, Bitcoin showed signs of weakness consolidating around the $8000 mark for three days.Meanwhile, this whole bearish scenario started from a mid-February high of $10,500, which was later confirmed by a bearish head-and-shoulds pattern, which played out around $8500 last week.Unfortunately for Bitcoin, the price has not just dropped to a 4-month low but now...