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Tag Archives: Trading

Bitcoin Price Analysis: BTC Starts Downside Correction Below $46K

Bitcoin price failed to clear the $48,000 resistance against the US Dollar. The price is now trading below $46,000 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $45,600 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to continue lower towards the $43,750 and $42,500 support levels in the near term. Bitcoin price is losing pace above $45,000 against the US Dollar. BTC...

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Stellar Lumen (XLM) Price Tests $0.40, More Gains Possible

Stellar lumen price started a decent increase above the $0.3000 resistance against the US Dollar. XLM price is now trading above $0.3500 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.3700 on the 4-hours chart (data feed via Kraken). The pair is likely to continue higher above the $0.4000 and $0.4050 resistance levels. Stellar lumen price is showing positive signs above $0.3500 against the US Dollar, similar...

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Ripple Price Analysis: Rally Could Extend Above $1.35

Ripple price gained traction and it rallied above $1.00 against the US dollar. The price is now trading well above the $1.10 resistance and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $1.32 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to rise as long as it is above the $1.10 support zone. Ripple price is trading in a positive zone above $1.10 against the US...

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Bitcoin Cash Analysis: Fresh Increase Likely Above $650

Bitcoin cash price started a decent increase above the $600 resistance against the US Dollar. The price is now trading above the $600 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $610 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is likely to accelerate higher above the $625 and $650 resistance levels. Bitcoin cash price is gaining pace above the $600 zone against the US...

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EOS Price Analysis: Turns Attractive Above $5

EOS started a fresh increase above the $4.20 resistance against the US Dollar. The price is now trading above the $4.50 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $4.60 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue higher if it breaks the $5.10 and $5.25 resistance levels in the near term. EOS price is showing positive signs above $4.60 against the...

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

Litecoin price started a decent increase above the $150 resistance zone against the US Dollar. LTC price is now trading above $160 and the 55 simple moving average (4-hours). There was a break above a bullish continuation pattern with resistance near $167 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to extend gains above the $180 and $185 resistance levels in the near term. Litecoin price is holding gains above $165 against the...

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Tron (TRX) Price Analysis: Rally Could Extend Above $0.08

Tron price started a fresh increase above the $0.0700 resistance against the US Dollar. TRX price is now trading well above $0.0700 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.0740 on the 4-hours chart (data feed via Bitfinex). The pair is likely to continue higher as long as it is above the $0.0720 and $0.0700 support levels. TRON price is trading in a positive zone above $0.0700 against the US...

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Bitcoin Price Analysis: BTC Aims More Upsides Above $46K

Bitcoin price started a decent increase above the $45,000 resistance against the US Dollar. The price is now trading above $45,000 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $44,600 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to continue higher above the $46,000 and $46,500 resistance levels. Bitcoin price is gaining pace above $44,000 against the US Dollar. BTC is...

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Cardano (ADA) Price Analysis: Break above $1.50 Seems Likely

ADA price is struggling to clear the $1.50 resistance against the US Dollar. The price is now well above the $1.40 support and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1.44 on the 4-hours chart (data feed via Bitfinex). The price could start a strong increase if it clears the key $1.50 resistance zone in the near term. Cardano price is facing an uphill task near $1.50 against the US Dollar, while bitcoin is...

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Ethereum Price Analysis: ETH Eyeing More Gains

Ethereum price extended its increase above the $3,000 resistance against the US Dollar. ETH price is now trading well above $3,000 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $3,040 on the 4-hours chart (data feed from Coinbase). The pair is consolidating gains and it might start a fresh increase above $3,200. Ethereum price is showing positive signs above $3,000 against the US Dollar. ETH/USD must stay above...

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