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Tag Archives: Trading

Cardano (ADA) Price Analysis: Rallies Over 20%, More Gains Possible

ADA price is up over 20% and it broke the key $0.1000 resistance area against the US Dollar.The price traded close to the $0.1400 level and it is currently consolidating gains.There is a major bullish trend line forming with support near $0.1100 on the 4-hours chart (data feed via Kraken).The price could correct a few points, but dips remain well supported on the downside at $0.1200.Cardano price is gaining bullish momentum against the US Dollar and bitcoin. ADA price surged more than 20% and...

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Bitcoin Price Analysis: BTC Eyes Crucial Break above $9,350

Bitcoin price is rising steadily above $9,200 and the 55 simple moving average (4-hours).It is currently facing a heavy resistance area near the $9,350 level.There was a break above a major bearish trend line with resistance near $9,090 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair must settle above the $9,350 resistance level to start a sustained upward move.Bitcoin price is trading in a bullish zone above $9,150 against the US Dollar. BTC must gain bullish...

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Ethereum Price Analysis: ETH Signaling Strong Rally Above $245

Ethereum price is now trading in a positive zone above the $234 pivot level against the US Dollar.ETH price is currently correcting lower from $244, but it is well above the $235 level.There was a break above a crucial bearish trend line with resistance near $230 on the 4-hours chart (data feed from Coinbase).The pair could correct lower, but the $234 and $232 levels are likely to protect heavy losses.Ethereum price is trading with a bullish bias above $234 against the US Dollar. ETH/USD must...

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Stellar Lumen (XLM) Price Eyeing Upside Break above $0.068

Stellar lumen price recovered nicely after a sharp decline and settled above $0.0620 against the US Dollar.XLM price is currently consolidating above $0.0650 and the 55 simple moving average (4-hours).There is a crucial breakout pattern forming with resistance near $0.0670 on the 4-hours chart (data feed via Kraken).The pair could start a fresh rally if it breaks the $0.0670 and $0.0680 resistance levels.Stellar lumen price is trading in a positive zone against the US Dollar and bitcoin. XLM...

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Ripple Price Analysis: XRP Signaling Start of A Fresh Rally

Ripple price is likely forming a strong support above the $0.1735 level resistance against the US dollar.The price is slowly rising above $0.1750 and the 55 simple moving average (4-hours).There was a break above a crucial bearish trend line with resistance near $0.1760 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is showing signs of upside continuation above the $0.0178 and $0.0180 resistance levels.Ripple price is starting a decent increase from the $0.1692...

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Bitcoin Cash Analysis: Crucial Resistance Nearby, Can The Bulls Make It?

Bitcoin cash price declined sharply below $220 and traded close to $205 against the US Dollar.The price is currently correcting higher, but it is likely to face hurdles near $225.There is a key bearish trend line forming with resistance near $224 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair must surpass the $224 and $225 resistance levels to start a fresh increase in the near term.Bitcoin cash price is facing a major hurdle near $225 $225 against the US Dollar....

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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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