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Tag Archives: Trading

Tron (TRX) Price Analysis: Bulls Aim $0.08 or Higher

Tron price started a fresh increase from the $0.0540 support zone against the US Dollar. TRX price is now trading above the $0.0650 support and the 55 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $0.0670 on the 4-hours chart (data feed via Bitfinex). The pair is likely to accelerate higher if it clears the $0.0690 and $0.0700 resistance levels in the near term. TRON price is trading in a positive zone above...

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Bitcoin Price Analysis: BTC Could Soon Rally Above $60K

Bitcoin price started a fresh increase from the $55,000 support zone against the US Dollar. The price is now trading above the $57,000 support and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $56,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to continue higher towards $60,000 and $61,500 in the near term. Bitcoin price is showing positive signs above $57,000...

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Cardano (ADA) Price Analysis: Trading Near Crucial Juncture

ADA price struggled to clear the $1.285 resistance and corrected lower against the US Dollar. The price is still above the $1.160 support and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $1.200 on the 4-hours chart (data feed via Bitfinex). The price could either rally above $1.200 or it might break $1.160 for a fresh decline. Cardano price is trading near a key juncture below $1.200 against the US Dollar, while...

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Ethereum Price Analysis: ETH Could Struggle To Surpass $1,850

Ethereum price started a fresh increase above the $1,725 resistance against the US Dollar. ETH price is currently trading well above $1,700 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1,705 on the 4-hours chart (data feed from Coinbase). The pair could dip in the short-term, but the bulls are likely to remain active near $1,725. Ethereum price is now approaching the $1,850 resistance against the US...

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Stellar Lumen (XLM) Price Primed To Gain Strength If It Clears $0.41

Stellar lumen price is facing resistance near $0.4100 and $0.4350 against the US Dollar. XLM price is now consolidating just below $0.4000 and above the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.3800 on the 4-hours chart (data feed via Kraken). The pair must clear the $0.4110 and $0.4350 resistance levels to continue higher. Stellar lumen price is showing positive signs above $0.3800 against the US...

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Ripple Price Analysis: Bulls Eye Upside Break above $0.60

Ripple price is showing positive signs above the $0.5000 and $0.5200 resistance levels against the US dollar. The price is now well above $0.5200 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $0.5645 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair is likely to surge further above the $0.5850 and $0.6000 resistance levels. Ripple price is trading in a positive zone above the...

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Bitcoin Cash Analysis: Upsides Likely To Be Capped Near $500

Bitcoin cash price failed to stay above $510 and $500 against the US Dollar. The price is now trading well below the $500 level and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $505 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could correct higher, but upsides are likely to be capped near $500 and $510. Bitcoin cash price is consolidating losses above $445 against the US Dollar,...

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EOS Price Analysis: Recovery Could Face Hurdles Near $3.8

EOS started a fresh decline after it failed to clear the $4.300 resistance against the US Dollar. The price is currently trading well below the $4.000 support and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $4.050 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could correct higher, but it is likely to face sellers near $3.750 and $3.800. EOS price is showing bearish signs below...

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Litecoin (LTC) Price Analysis: Risk of More Losses Below $170

Litecoin price is showing bearish signs and it declined from the $200 resistance against the US Dollar. LTC price is now trading well below the $200 level and the 55 simple moving average (4-hours). There was a break below a declining channel with support near $180 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to continue lower below $170 and $165 in the near term. Litecoin price is showing bearish signs below $200 and $195...

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Tron (TRX) Price Analysis: Key Support Intact Near $0.055

Tron price rallied towards the $0.0680 zone before correcting lower against the US Dollar. TRX price is now trading above the $0.0575 support and the 55 simple moving average (4-hours). There is a major contracting triangle forming with support near $0.0580 on the 4-hours chart (data feed via Bitfinex). The pair could start a fresh rally if it clears the $0.0620 and $0.0630 resistance levels in the near term. TRON price is trading in a positive zone above $0.0550 against...

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