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Tag Archives: Trading

Ripple Price Analysis: Bullish Break Above $0.30 Seems Likely

Ripple price started a decent recovery wave from the $0.2545 swing low against the US dollar.The price is currently trading above the $0.2700 and $0.2750 resistance levels.There was a break above a key bearish trend line with resistance near $0.2705 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to accelerate higher if it clears the $0.2920 and $0.3000 resistance levels.Ripple price is slowly moving higher above $0.2800 against the US Dollar. XRP price...

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Bitcoin Cash Analysis: Breakdown Looks Like The Real Deal

Bitcoin cash price started a major decline from well above the $300 level against the US Dollar.The price is currently trading well below the $280 level and the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $272 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could start a fresh increase if there is a clear break above the $272 and $275 levels.Bitcoin cash price is declining and it is trading in a bearish zone...

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EOS Price Analysis: Signs of More Downsides Below $3.0

EOS price started a fresh decline from well above the $3.500 resistance against the US Dollar.The price declined below the $3.200 support and settled below the 55 simple moving average (4-hours).There is a crucial bearish trend line forming with resistance near $3.200 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could continue to move down below $3.000 as long as it is below $3.200.EOS price is declining and trading below key supports against the US Dollar,...

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Litecoin (LTC) Price Analysis: Key Inflection and Barrier At $60

Litecoin price is currently trading in a bearish zone below the $64.00 and $60.00 levels against the US Dollar.LTC price is facing a major hurdle near $60.00 and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $60.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair must break the $60.00 and $61.00 resistance levels to move into a positive zone.Litecoin price is currently following a bearish path against the US...

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Bitcoin Price Analysis: BTC Turns Red, Risk of More Downsides

Bitcoin price declined heavily below the $11,800 and $11,500 support levels.The price traded as low as $11,101 and it is now well below the 55 SMA (H4).There is a key bearish trend line forming with resistance near $11,600 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair remains at a risk of more downsides as long as it is below the $11,500 level.Bitcoin price is currently trading in a bearish zone below $11,500 against the US Dollar. BTC could extend its losses...

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Cardano (ADA) Price Analysis: Risk of Larger Breakdown Below $0.12

ADA price is in a bearish zone and it is trading below the $0.1300 pivot against the US Dollar.The price is currently struggling to recover above $0.1250 and the 55 simple moving average (4-hours).There was a break above a connecting bearish trend line with resistance near $0.1245 on the 4-hours chart (data feed via Kraken).The price could either rally above the $0.1250 resistance or it might dive below the $0.1200 support.Cardano price is struggling to clear $0.1250 against the US Dollar,...

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Ethereum Price Analysis: ETH Struggling Near Key Breakout Zone

Ethereum price started a fresh increase from the $380 support zone against the US Dollar.ETH price managed to recover above the $395 and $400 resistance levels.There was a break above a key connecting bearish trend line with resistance near $395 on the 4-hours chart (data feed from Coinbase).The pair is currently facing a strong resistance near $410 and the 55 simple moving average (4-hours).Ethereum price is slowly recovering higher from $380 against the US Dollar. However, ETH/USD must...

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Stellar Lumen (XLM) Price Eyeing Upside Break above $0.1080

Stellar lumen price is currently holding the $0.0980 and $0.1000 support levels against the US Dollar.XLM price is facing many hurdles near the 55 simple moving average (4-hours) and $0.1080.There is a key bearish trend line forming with resistance near $0.1024 on the 4-hours chart (data feed via Kraken).The pair could move into a bullish zone if it clears the $0.1050 and $0.1080 resistance levels.Stellar lumen price is holding a couple of key supports against the US Dollar, similar to...

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Ripple Price Analysis: Bulls Facing Uphill Task Near $0.295

Ripple price declined steadily, but it is holding the $0.2740 support zone against the US dollar.The price is currently attempting a decent recovery above the $0.2800 resistance zone.There was a break above a major bearish trend line with resistance near $0.2860 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is facing an uphill task near the $0.2950 resistance and the 55 simple moving average (4-hours).Ripple price is slowly moving higher above $0.2800 against...

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Bitcoin Cash Analysis: More Upsides Possible If it Clears $305

Bitcoin cash price corrected lower, but it stayed above the $280 support against the US Dollar.The price is currently recovering, and trading above the $295 level and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $288 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair must break the $305 and $310 resistance levels for a fresh increase in the near term.Bitcoin cash price is slowly moving higher towards $300 against...

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