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Tag Archives: Trading

EOS Price Analysis: Trading Near Make-or-Break Levels At $2.45

EOS price remained in a bearish zone and extended its decline below $2.225 against the US Dollar.The price traded as low as $2.182 and it is currently correcting higher towards the 55 simple moving average (4-hours).There is a significant bearish trend line forming with resistance near $2.450 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could start a strong rally if it clears the key $2.450 resistance zone.EOS price is slowly recovering and approaching a crucial...

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Litecoin (LTC) Price Analysis: Bulls Facing An Uphill Task At $42.50

Litecoin price extended its decline and it even spiked below $40.00 against the US Dollar.LTC price is now correcting higher towards $42.50 and the 55 simple moving average (4-hours).There is a crucial bearish trend line forming with resistance near $42.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could either start a strong increase above $42050 or resume its decline towards $38.50.Litecoin price is trading in a negative zone against the US Dollar, while...

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Bitcoin Price Analysis: BTC Must Break $9,300 For Strong Rally

Bitcoin price is slowly correcting higher and trading above $9,000 against the US Dollar.There is a major resistance forming near $9,300 and the 55 simple moving average (4-hours).There is a connecting bearish trend line in place with resistance near $9,150 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair must surpass the $9,300 resistance level to start a steady increase.Bitcoin price is trading in a bearish zone below $9,300 and $9,500 against the US Dollar. BTC...

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Tron (TRX) Price Analysis: Bulls Eyeing Upside Break Above $0.017

Tron price is trading above the $0.0152 and $0.0155 support levels against the US Dollar.TRX price is currently facing hurdles near the $0.0165 and $0.0168 levels.There is a major bearish trend line forming with resistance near $0.0163 on the 4-hours chart (data feed via Bitfinex).The pair could start a strong increase if it clears the $0.0165 and $0.0168 resistance levels.TRON price is showing a few positive signs above $0.0158 against the US Dollar, similar to bitcoin. However, TRX price...

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Ethereum Price Analysis: ETH Trading Near Make-or-Break Levels

Ethereum price is currently recovering from the $215 support zone against the US Dollar.ETH price is now facing a couple of important hurdles near the $230 level.There is a major bearish trend line forming with resistance near $230 on the 4-hours chart (data feed from Coinbase).The pair could either rally above the $230 resistance or decline again below $220.Ethereum price is trading near a key juncture at $230 against the US Dollar. ETH/USD must break the $230 barrier to continue higher in...

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Stellar Lumen (XLM) Price Recovery Could Fail Near $0.066 And $0.068

Stellar lumen price declined sharply after it failed to clear the $0.0720 resistance against the US Dollar.XLM price tested the $0.0500 support level and settled well below the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $0.0650 on the 4-hours chart (data feed via Kraken).The pair is likely to resume its decline if it fails to clear the $0.0660 and $0.0680 resistance levels.Stellar lumen price is currently recovering from the $0.0500...

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Ripple Price Analysis: XRP Turns Bearish Unless It Clears $0.185

Ripple price started a fresh decline after it failed near the $0.2000 resistance against the US dollar.The price is now trading well below the $0.1850 level and the 55 simple moving average (4-hours).There is a significant bearish trend line forming with resistance near $0.1820 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to face a strong selling interest near the $0.1820 and $0.1850 levels.Ripple price is currently correcting higher above $0.1750...

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Bitcoin Cash Analysis: $225 Support Holds The Key In Near-Term

Bitcoin cash price started a fresh decline from the $245 resistance against the US Dollar.The price broke the $235 support and revisited the $225 support zone.There is a major bearish trend line forming with resistance near $241 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair remains at a risk of more downsides if there is a daily close below the $225 support.Bitcoin cash price is trading in a bearish zone and testing the $225 support against the US Dollar. BCH/USD...

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Litecoin (LTC) Price Analysis: Risk of Crucial Break Below $40

Litecoin price started a sharp decline after it failed to clear the $45.00 resistance against the US Dollar.LTC price is now trading well below $43.50 and the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $44.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair remains at a risk of another decline if it fails to stay above $41.00 and $40.00.Litecoin price is trading in a bearish zone against the US Dollar, similar...

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Cardano (ADA) Price Analysis: Bulls Aiming Crucial Break above $0.09

ADA price is showing positive signs above the $0.0800 resistance zone against the US Dollar.The price is facing a significant resistance zone near the $0.0885 and $0.0900 levels.There was a break above a major bearish trend line with resistance near $0.0820 on the 4-hours chart (data feed via Kraken).The price must clear the $0.0900 resistance to continue higher towards $0.1000 in the near term.Cardano price is moving in a bullish zone above $0.0800 against the US Dollar, similar to bitcoin....

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