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...
Read More »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...
Read More »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...
Read More »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...
Read More »EOS Price Analysis: Make-or-Break Setup With Resistance At $7
EOS declined heavily below $10.00 and $8.00 support levels against the US Dollar. The price is currently trading near the $6.50 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $6.50 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair must break $6.50 and $7.00 to start a strong increase in the near term. EOS price is correcting losses from $4.00 against the US Dollar, similar to...
Read More »Litecoin (LTC) Price Analysis: Risk of More Downsides Below $160
Litecoin price remains in a bearish zone below $220 and $200 against the US Dollar. LTC price is now trading below the $200 level and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $210 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to accelerate lower as long as it is below $200 and $220. Litecoin price is struggling to clear the $200 barrier against the US Dollar,...
Read More »Tron (TRX) Price Analysis: Bulls Facing Hurdles Near $0.092
Tron price extended its decline below the $0.1000 and $0.0900 support levels against the US Dollar. TRX price is now trading well below $0.1000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.0900 on the 4-hours chart (data feed via Bitfinex). The pair is likely to face a strong selling interest near the $0.0900 and $0.0920 levels. TRON price is showing negative signs below $0.1000 against the US Dollar,...
Read More »Bitcoin Price Analysis: BTC Eyes Upside Break above $40K
Bitcoin price started a steady recovery from the $31,120 zone against the US Dollar. The price is now testing the $40,000 resistance zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $36,900 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to clear the $40,000 resistance and continue higher in the near term. Bitcoin price is attempting an upside break above...
Read More »Cardano (ADA) Price Analysis: Key Breakout Zone Near $1.7
ADA price started a fresh increase after it tested the $1.10 support zone against the US Dollar. The price is still trading well below $1.75 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1.48 on the 4-hours chart (data feed via Bitfinex). The price could correct further lower, but the bulls are likely to remain active near $1.400 and $1.350. Cardano price is facing a major barrier near the $1.700...
Read More »Ethereum Price Analysis: ETH is Facing Uphill Task Near $3K
Ethereum price declined below $2,000 before starting an upside correction against the US Dollar. ETH price is still below $3,500 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $3,000 on the 4-hours chart (data feed from Coinbase). The pair must clear the main $3,000 resistance to start a fresh increase in the near term. Ethereum price started an upside correction from the $1,750 zone against the US Dollar....
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