Bitcoin cash price started a sharp decline after trading as high as $373 against the US Dollar.The price broke the $300 support and settled below the 55 simple moving average (4-hours).There was a break below a crucial contracting triangle with support at $320 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could restart its upward move if there is a clear break above the $280 and $288 levels.Bitcoin cash price is holding the $250 support zone and recovering...
Read More »EOS Price Analysis: Corrects Lower, Key Support Nearby Near $3
EOS rallied towards the $3.900 level before correcting lower against the US Dollar.The price is currently trading below the $3.300 support and testing the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $3.120 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could retest the $3.000 support zone before a fresh increase in the near term.EOS price started a sharp decline after it failed to test $4.000 against the US...
Read More »Litecoin (LTC) Price Analysis: Tops Near $95, But Dips Still Supported
Litecoin price surged above $85.00 and traded as high as $94.09 against the US Dollar.LTC price started a sharp downside correction below $80.00 and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $71.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair remains well supported as long as there is no close below the $70.00 support zone.Litecoin price is currently correcting gains from $94.00 against the US Dollar,...
Read More »Tron (TRX) Price Analysis: $0.038 Presents A Crucial Challenge
Tron price surged and cleared the $0.0300 and $0.0320 resistance levels against the US Dollar.TRX price tested the $0.0380 barrier and settled above the 55 simple moving average (4-hours).There is a major contracting triangle forming with support near $0.0335 on the 4-hours chart (data feed via Bitfinex).The pair is likely to start a fresh increase as long as it is above $0.0330 and $0.0300.TRON price is trading in a positive zone above $0.0320 against the US Dollar, similar to bitcoin. TRX...
Read More »Bitcoin Price Analysis: BTC Just Shy of a New All-Time High
Bitcoin price started a strong increase above the $18,000 and $18,500 resistance levels against the US Dollar.The price traded as high as $19,454 and it settled nicely above the 55 SMA (H4).There is a major bullish trend line forming with support near $18,400 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is currently correcting gains, but dips are likely to be limited below $18,400.Bitcoin price is trading in a nice uptrend above $18,500 against the US Dollar....
Read More »Cardano (ADA) Price Analysis: More Upsides Likely Above $0.18
ADA price is gaining momentum and it is trading well above the $0.1500 resistance against the US Dollar.The price is trading above the $0.1700 level and the 55 simple moving average (4-hours).There is a key connecting bullish trend line forming with support near $0.1540 on the 4-hours chart (data feed via Kraken).The price is likely to continue higher above the $0.1800 and $0.1850 resistance levels.Cardano price is gaining a strong bullish momentum above $0.1500 against the US Dollar, while...
Read More »Ethereum Price Analysis: ETH Breaks $600, Bulls Could Aim $660
Ethereum price is gaining pace above the $580 and $600 resistance levels against the US Dollar.ETH price is currently trading well above $600 and the 55 simple moving average (4-hours).There are two key bullish trend lines forming with support near $560 and $520 on the 4-hours chart (data feed from Coinbase).The pair is likely to accelerate higher above the $620 and $625 resistance levels.Ethereum price is trading in a nice uptrend above $600 against the US Dollar. ETH/USD is likely to...
Read More »Stellar Lumen (XLM) Price Gaining Bullish Momentum, Bulls Aim $0.12
Stellar lumen price is showing a lot of positive signs above $0.1000 against the US Dollar.XLM price tested the $0.1120 resistance zone and it is now well above the 55 simple moving average (4-hours).There is a major contracting triangle forming with resistance near $0.1090 on the 4-hours chart (data feed via Kraken).The pair could correct a few points, but dips are likely to be limited below $0.1000 and $0.0980.Stellar lumen price is trading in a bullish zone above $0.1000 against the US...
Read More »Ripple Price Analysis: Upsurge is Far From Over, $0.50 Next?
Ripple price started a strong increase above the $0.3000 and $0.3550 resistance levels against the US dollar.The price gained over 40% in the past few days and settled above the 55 simple moving average (4-hours).There is a key bullish continuation pattern forming with resistance near $0.4740 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to start another surge if it clears the $0.4750 and $0.4800 resistance levels.Ripple price is trading in a nice...
Read More »Bitcoin Cash Analysis: Risk of Downside Break Below $250
Bitcoin cash price is holding ground above the key $242 support zone against the US Dollar.The price is now trading above the $252 support and the 55 simple moving average (4-hours).There is a major declining channel forming with resistance near $258 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could rally significantly if it clears the $258 and $260 resistance levels.Bitcoin cash price is rising steadily above $250, similar to bitcoin above $18k against the US...
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