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Tag Archives: Trading

Tron (TRX) Price Analysis: Support Turned Resistance Near $0.090

Tron price is down over 15% and it broke the $0.0920 support against the US Dollar. TRX price is now trading below $0.0900 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.0920 on the 4-hours chart (data feed via Bitfinex). The pair must clear the $0.0900 and $0.0920 resistance levels to move into a positive zone. TRON price is declined heavily from well above $0.1000 against the US Dollar, similar to...

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Bitcoin Price Analysis: BTC Nosedives Below $48K

Bitcoin price failed to stay above $52,000 and declined heavily against the US Dollar. The price is now trading below $48,000 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $51,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must stay above the $46,500 support level to recover higher in the near term. Bitcoin price is showing bearish signs below $48,000 against the US...

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Cardano (ADA) Price Analysis: Key Support Nearby At $2.50

ADA price started a downside correction from the $3.10 zone against the US Dollar. The price is now trading below $2.80 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $2.80 on the 4-hours chart (data feed via Bitfinex). The price could start another strong increase as long as it is above the $2.50 support zone. Cardano price is correcting gains below $2.80 against the US Dollar, similar to bitcoin. ADA price...

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Ethereum Price Analysis: ETH Eyes Next Upside Break

Ethereum price is holding gains above the $3,500 support against the US Dollar. ETH price is now trading above $3,800 and the 55 simple moving average (4-hours). There is a major breakout pattern forming with resistance near $3,965 on the 4-hours chart (data feed from Coinbase). The pair could continue to rise as long as it is above $3,600 and $3,500. Ethereum price is showing bullish signs below $3,800 against the US Dollar. ETH/USD could accelerate further higher if it...

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Stellar Lumen (XLM) Price Could Continue Higher Above $0.42

Stellar lumen price started a strong increase above the $0.3500 against the US Dollar. XLM price is now trading above $0.3500 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.3600 on the 4-hours chart (data feed via Kraken). The pair could continue to rise above the $0.4200 and $0.4250 resistance levels. Stellar lumen price is gaining bullish momentum above $0.4000 against the US Dollar, similar to...

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Ripple Price Analysis: More Upsides Possible Above $1.4

Ripple price started a strong increase above the $1.25 resistance against the US dollar. The price is now trading above $1.30 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1.245 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to rise once it clears the $1.365 resistance zone in the near term. Ripple price is gaining pace above the $1.30 support against the...

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Bitcoin Cash Analysis: Bulls Aim Upside Break above $700

Bitcoin cash price started a fresh increase above the $650 resistance against the US Dollar. The price is now trading above the $650 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $660 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to rise if it clears the $680 and $690 resistance levels. Bitcoin cash price is moving higher above $650 against the US Dollar, similar...

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EOS Price Analysis: Signs of Upside Continuation To $6

EOS price started a fresh increase above the $5.00 resistance 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 bearish trend line with resistance near $5.00 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue higher if it settles above the $5.40 pivot level. EOS price is gaining pace above $5.00 against the US Dollar, similar to...

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Litecoin (LTC) Price Analysis: Bulls Aim Test of $200

Litecoin price started a fresh increase above the $175 resistance zone against the US Dollar. LTC price is now trading above $180 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $174 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must stay above the $175 support to continue higher in the near term. Litecoin price is gaining pace above $180 against the US Dollar, similar to...

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Tron (TRX) Price Analysis: Bulls Eye Upside Break above $0.09

Tron price is still struggling to clear the $0.0900 resistance zone against the US Dollar. TRX price is now trading above $0.0850 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $0.0900 on the 4-hours chart (data feed via Bitfinex). The pair is likely to continue higher if it clears the $0.0900 and $0.0920 resistance levels. TRON price is slowly moving higher above $0.0850 against the US Dollar, similar to...

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