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Tag Archives: Trading

Bitcoin Cash Analysis: Risk of More Downsides Below $650

Bitcoin cash price is facing a strong resistance near the $720 level against the US Dollar. The price is now trading just below $700 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $730 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could extend its decline below $650 if it remains below the $750 resistance zone. Bitcoin cash price is struggling to recover above $700 against the US...

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EOS Price Analysis: Break Above $7.75 Holds The Key

EOS started a steady recovery wave above the $4.50 and $5.00 resistance levels against the US Dollar. The price is currently trading just above $6.00 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $6.30 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair must break $7.00 and $7.75 to start a strong increase in the near term. EOS price is showing a few positive signs above $6.00...

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Litecoin (LTC) Price Analysis: Signs of a Fresh Increase above $200

Litecoin price is showing a few positive signs above the $150 level against the US Dollar. LTC price is now just above the $180 level and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $175 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to start a decent increase if there is a close above $195 and $200. Litecoin price is struggling to gain pace above $190 against the...

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Tron (TRX) Price Analysis: Bulls Eyeing Fresh Run To $0.10

Tron price formed a base above the $0.0550 level and corrected higher against the US Dollar. TRX price is now trading nicely above $0.0700 and the 55 simple moving average (4-hours). There was a break above a crucial contracting triangle with resistance near $0.0740 on the 4-hours chart (data feed via Bitfinex). The pair is likely to start a steady increase towards the $0.0950 and $0.1000 levels in the near term. TRON price is showing positive signs above $0.0700 against...

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Bitcoin Price Analysis: BTC Could Rally If It Breaks $39K

Bitcoin price started trading in a range above the $34,000 zone against the US Dollar. The price is now trading below the $37,000 zone and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $37,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to start a major increase if there is a clear break above $39,000 and $40,000. Bitcoin price is attempting an upside break above...

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Cardano (ADA) Price Analysis: Bulls Aim Fresh Rally To $2

ADA price started a fresh increase after it tested the $1.32 support zone against the US Dollar. The price is now trading above the $1.50 zone and the 55 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $1.68 on the 4-hours chart (data feed via Bitfinex). The price could correct lower, but the bulls are likely to remain active near $1.58 and $1.55. Cardano price is showing positive signs above the $1.50 zone...

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Ethereum Price Analysis: ETH is Showing Signs of Fresh Increase To $3K

Ethereum price formed a base above $2,200 and it is slowly rising against the US Dollar. ETH price is now trading above $2,500 and the 55 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $2,550 on the 4-hours chart (data feed from Coinbase). The pair is likely to rise steadily towards the $3,000 resistance zone in the near term. Ethereum price is slowly moving higher above $2,500 against the US Dollar. ETH/USD...

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Stellar Lumen (XLM) Price Eyes Fresh Rally above $0.45

Stellar lumen price struggled to clear the $0.5000 resistance zone against the US Dollar. XLM price is now trading below $0.4000 and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near $0.3740 on the 4-hours chart (data feed via Kraken). The pair is likely to extend its decline as long as it is below the $0.4000 pivot level. Stellar lumen price is facing hurdles near $0.4000 and $0.5000 against the US Dollar, similar to...

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Ripple Price Analysis: Risk of More Downsides Below $0.8

Ripple price is struggling to climb above the $0.95 and $1.05 resistance levels against the US dollar. The price is now trading well below $1.00 and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near the $0.9240 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend its decline as long as it is below the $1.05 resistance zone. Ripple price is trading in a bearish zone below $1.00...

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Bitcoin Cash Analysis: Bulls Aim Fresh Increase above $850

Bitcoin cash price declined heavily and it even tested the $470 level against the US Dollar. The price is now trading just above $700 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $750 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is consolidating and it might attempt an upside break above $800 and $850. Bitcoin cash price is recovering losses from $500 against the US...

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