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Tag Archives: Trading

Cardano (ADA) Price Analysis: More Gains Possible Above $0.058

ADA price is trading in a positive zone above the $0.0500 pivot level against the US Dollar.The price is likely to continue higher towards the $0.0580 and $0.0600 resistance levels.There is a key contracting triangle forming with resistance near $0.0550 on the 4-hours chart (data feed via Kraken).The price remains well supported on dips above the $0.0500 and $0.0480 support levels.Cardano price is trading with a bullish angle against the US Dollar and bitcoin. ADA price could surge if it...

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Bitcoin Price Analysis: BTC Eyeing Downside Thrust Before Reversal

Bitcoin price is declining and trading below the $9,000 level against the US Dollar.It is currently showing bearish signs and it could slide further towards the $8,410 support.There is a major contracting triangle forming with resistance near $8,900 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could dive towards the $8,400 and $8,300 levels before it starts a decent increase.Bitcoin price is currently trading in a bearish zone below $9,000 against the US Dollar....

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Tron (TRX) Price Analysis: This Resistance Zone Holds Key For Next Move

Tron price is facing a couple of key hurdles near the $0.0150 and $0.0154 levels against the US Dollar.TRX price could start a fresh rally if it breaks the $0.0154 resistance zone in the near term.There is a major contracting triangle forming with resistance near $0.0150 on the 4-hours chart (data feed via Bitfinex).The price might decline steadily as long as it is below the $0.0154 resistance zone.TRON price is struggling to gain bullish momentum against the US Dollar, similar to bitcoin....

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Ethereum Price Analysis: ETH Could Rally Again Unless It Breaks $195

Ethereum price started a downside correction after it failed above $215 against the US Dollar.ETH price is currently trading nicely above the $195 and $200 support levels.There is a major contracting triangle forming with resistance near $207 on the 4-hours chart (data feed from Coinbase).The pair is likely to rally again above $210 as long as it is trading above the $195 support zone.Ethereum price is showing a lot of positive signs above $195 against the US Dollar. ETH/USD must surpass the...

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Stellar Lumen (XLM) Price Approaching Key Uptrend Support at $0.060

Stellar lumen price started a fresh decline after it failed to clear $0.0735 against the US Dollar.XLM price is now trading well below $0.0700 and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $0.0688 on the 4-hours chart (data feed via Kraken).The pair could continue to move down towards the $0.0605 and $0.0600 support levels.Stellar lumen price is trading in a bearish zone against the US Dollar, similar to bitcoin. XLM price could dive...

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Ripple Price Analysis: XRP At Risk of a Significant Losses Below $0.20

Ripple price failed to stay above $0.2050 and declined sharply against the US dollar.The price is now trading in a bearish zone below the $0.2000 support level.There is a major bearish trend line forming with resistance near $0.2000 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could continue to move down towards the $0.1800 level as long as it is below $0.2000.Ripple price is showing a bearish signs below $0.2000 against the US Dollar. XRP price could decline...

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Bitcoin Cash Analysis: Support Turned Resistance At $235

Bitcoin cash price started another decline after it failed near the $255 resistance against the US Dollar.The price declined below the key $240 and $230 support levels.There is a major bearish trend line forming with resistance near $235 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could correct higher a few points, but it is likely to face hurdles near $235 and $240.Bitcoin cash price is back in a bearish zone below $240 against the US Dollar. BCH/USD must stay...

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EOS Price Analysis: Bearish Continuation Towards $2.30 Likely

EOS price failed to stay above the $2.700 resistance and declined recently against the US Dollar.The price is now trading below the $2.650 pivot level with a bearish angle.There was a break below a key ascending channel with support near $2.640 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair remains at a risk of more losses towards the $2.400 and $2.300 support levels.EOS price is currently facing an increase in selling pressure against the US Dollar, similar to...

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Litecoin (LTC) Price Analysis: Signs of Fresh Decrease To $40

Litecoin price failed to clear the $47.50 level and declined recently against the US Dollar.LTC price is now trading below the $45.00 level, with a bearish angle.There is a key bearish trend line forming with resistance near $46.60 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could correct higher, but it remains at a risk of more losses below $44.00 and $42.00.Litecoin price is showing signs of another bearish wave against the US Dollar and bitcoin. LTC price...

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Cardano (ADA) Price Analysis: Bulls Eyeing More Upsides Above $0.06

ADA price is trading in a bullish zone above the $0.0530 support against the US Dollar.The price traded as high as $0.0571 and it is currently sighting more gains.There is a major bullish trend line forming with support near $0.0550 on the 4-hours chart (data feed via Kraken).The price could dip a few points, but it is likely to find support near $0.0550 and rise again.Cardano price is gaining bullish momentum above $0.0550 against the US Dollar, similar to bitcoin. ADA price remains positive...

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