Tag Archives: Price Analysis

BitcoinBitcoin has dropped by a small 5% over the past week as it hovers around the $8,400 level. It found strong resistance at the $8,963 level (bearish .786 Fib Retracement) and was unable to overcome it. The latest retracement was expected, considering that Bitcoin managed to surge by over 30% in January to reach a high of around $9,150. It found support at the 200-days EMA at around $8,200 in today’s trading session, which allowed it to bounce back above $8,400. Unfortunately, the RSI has...

The Tezos train has started to move once again after a noticeable 17% increase over the past week of trading, bringing the price of the coin up to $1.55.Against Bitcoin, the cryptocurrency found strong support at the 200-days EMA, which allowed it to rebound higher.Tezos is now the 14th largest cryptocurrency by market capitalization.Key Support & Resistance LevelsXTZ/USDSupport:  $1.50, $1.42, $1.30.Resistance: $1.64, $1.74, $1.88.XTZ/BTC:Support: 0.00017 BTC, 0.00016 BTC, 0.000149...

BNB is under a bearish threat with a double-top pattern.Surrounding fundamentals could keep buyers alive for the next rally.Despite bearish signs, BNB remains bullish on a short-term trend.Following a recent tweet by Changpeng Zhao @CZ_Binance: a new token sale of WazirX (WRX) was announced to take place on the Binance launchpad next month – the first IEO in 2020. BNB/USD: The Rejection at $18.5 Could Cause Severe Drop For BNBKey Support Levels: $16.4, $15.5Key Resistance Levels: $18.5,...

Today, Cardano is up by 8% after regaining momentum from $0.042.ADA is revamping bullish setups but immediate resistance is posing threat to buyers.Cardano is currently trading around key price areas against Bitcoin and US Dollar.ADA/USD:  Cardano Targets $0.064 But Facing Tough Resistance At The MomentKey Support Levels: $0.0415, $0.0355Key Resistance Levels: $0.055, $0.064Since Cardano found a bottom at $0.030 in late December, the price has continued to pace up slowly against the US...

Tezos is resurging as the bearish head-and-pattern may invalidate.Tezos is following the same bullish pattern against Bitcoin and the US Dollar.XTZ is now relying on immediate support to face bullish in the long-term.XTZ/USD: Bullish Pattern Still Shaky as XTZ Forms Inverse H&S PatternKey Support Levels: $1.24, $1.08Key Resistance Levels: $1.55, $1.85Earlier this month, Tezos managed to find support at $1.24 after falling from the $1.85 mark in December 2019.Following the recent recovery,...

Bitcoin saw a serious 12% price increase this week, allowing the cryptocurrency to rises toward the $8,800 level. BTC actually managed to rise into the $9,000 resistance level today but has since rolled over and fallen slightly. The latest price increase saw Bitcoin rising well above the 200-days EMA as it approached resistance at $8,960 (provided by a bearish .786 Fibonacci Retracement level). This price surge puts Bitcoin on a strong bullish footing as the cryptocurrency gears itself to...

DASH sees an epic 46% price surge over the past 24 hours, bringing the price for the coin up to $120.Against BTC, DASH has rocketed above 0.01 BTC and climbed much higher toward 0.013 BTC.DASH has now increased by a total of 183% over the past fortnight, allowing the cryptocurrency to rise into the 12th ranked position.Key Support & Resistance LevelsDASH/USDSupport:  $113, $107, and $100.Resistance: $124, $140, and $147.DASH/BTC:Support: 0.0131 BTC, 0.0117 BTC, and 0.01 BTC.Resistance:...

Liteocin saw a 20% price surge this week that allowed the price for the coin to rise toward the $54 level.Against BTC, LTC has also increased as the market meets resistance at the 100-days EMA.Litecoin has now shot back into the 7th ranked position with a market cap of $4.64 billion.Key Support & Resistance LevelsLTC/USDSupport:  $50, $47.76, $44.31.Resistance: $55.03, $60.20, $64.91.LTC/BTC:Support: 0.0062 BTC, 0.0060 BTC, 0.0058 BTC.Resistance: 0.00648 BTC, 0.0067 BTC, 0.0070...

SummaryEOS witnessed a 7-day price increase of about 11.30%, bringing its price up to $3.10.The cryptocurrency broke above a 6-month old descending price channel this week.Against Bitcoin, EOS managed to break above a 5-month old symmetrical triangle pattern as it heads higher.Key Support & Resistance LevelsEOS/USDSupport: $3.10, $3.00, $2.64.Resistance: $3.20, $3.40, $3.67.EOS/BTC:Support: 0.000373 BTC, 0.000335 BTC, and 0.000316 BTC.Resistance: 0.000405 BTC, 0.000418 BTC, and 0.000432...

Bitcoin saw a 7.51% price increase over the past week that allowed it to rise above the previous range it was trading within. The cryptocurrency broke above the upper boundary at $7,800 and continued to surge much higher as it reached expected resistance at the 200-days EMA at around $8,160. The cryptocurrency did climb even higher than this as it approached the resistance at $8,458 but it quickly rolled over and started to fall. After reversing at the 200-days EMA, Bitcoin started to fall...