Crypto EcoBlog
Ripple price declined heavily below the $0.2640 support zone against the US dollar.The price is currently consolidating above the key $0.2215 support level.There is a major bearish trend line forming with resistance near $0.2375 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair must climb above $0.2375 and $0.2465 to start a decent recovery in the coming sessions.Ripple price is currently consolidating above $0.2200 against the US Dollar. XRP price remains at a risk...
Read More »Bitcoin Cash Analysis: Primed For More Losses Below $300
Bitcoin cash price declined heavily below the $360 and $350 support levels against the US Dollar.The price tested the $300 support area and it is currently correcting higher.There is a short term ascending channel forming with support near $318 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could continue to move down below the $315 and $300 support levels in the near term.Bitcoin cash price is trading in a downtrend below $350 against the US Dollar. BCH/USD...
Read More »EOS Price Analysis: Bears Are Back In Control, Sell Rallies?
EOS price started a major decline from the $4.429 swing high against the US Dollar.The price broke many key supports near the $4.000 and $3.800 levels.There is a key bearish trend line forming with resistance near $3.880 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could correct higher, but the bears are likely to remain active near $3.800.EOS price is down more than 10% and it broke the key $3.800 support against the US Dollar, similar to bitcoin. It seems like...
Read More »Litecoin (LTC) Price Analysis: Nosedives Below $60, $50 Next?
Litecoin price declined heavily and broke a few key supports near $68.00 against the US Dollar.LTC price struggled to stay above $65.00 and even declined below $60.00.There was a break below an important bullish trend line with support at $72.80 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is now in a bearish zone and it could even decline below the $58.00 support.Litecoin price is down more than 20% from highs against the US Dollar, similar to bitcoin. LTC...
Read More »Cardano (ADA) Price Analysis: Bears In Control Below $0.055
ADA price started a nasty decline after it broke the $0.0600 support against the US Dollar.The price even traded below the $0.0550 support level to enter a bearish zone.There is a major bearish trend line forming with resistance near $0.0580 on the 4-hours chart (data feed via Kraken).The price remains at a risk of more losses below the $0.0520 and $0.0500 levels in the near term.Cardano price is down more than 5% and trading in a bearish zone against the US Dollar, similar to bitcoin. ADA...
Read More »Bitcoin Price Analysis: BTC Starts Fresh Decline Below Key Supports
Bitcoin price topped near the $10,030 level and declined heavily against the US Dollar.The price is now trading with a bearish bias and it is well below the $9,400 level.There is a key bearish trend line forming with resistance near $9,780 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to continue lower if it breaks the $9,100 and $9,080 support levels.Bitcoin price is showing signs of bearish continuation below $9,400 against the US Dollar. BTC is...
Read More »Tron (TRX) Price Analysis: Trading Near Crucial Make-or-Break Levels
Tron price failed to stay above the $0.0215 support and declined against the US Dollar.TRX price is now trading well below $0.0210 and it remains at a risk of more losses.There is a key declining channel forming with resistance near $0.0208 on the 4-hours chart (data feed via Bitfinex).The price could either rally above $0.0208 or decline sharply below $0.0192 in the near term.TRON price is facing an increase in selling pressure against the US Dollar, similar to bitcoin. TRX price must stay...
Read More »Ethereum Price Analysis: ETH Showing Signs of Fresh Decrease
Ethereum price struggled to clear the $280 resistance and declined recently against the US Dollar.ETH price is declining and it is now trading below the $270 support area.There was a break below a major contracting triangle with support near $265 on the 4-hours chart (data feed from Coinbase).The price is likely to continue lower towards the $243 support level in the near term.Ethereum price is showing a few bearish signs below the $270 support against the US Dollar. ETH/USD could slide in...
Read More »Stellar Lumen (XLM) Price Could Rally If It Breaks $0.075
Stellar lumen price is facing a lot of hurdles near $0.0735 and $0.0750 against the US Dollar.XLM price is currently declining and it could revisit the $0.0670 support area.There was a break below a key contracting triangle with support near $0.0712 on the 4-hours chart (data feed via Kraken).The pair must climb above $0.0735 and $0.0750 to start a strong increase in the near term.Stellar lumen price is facing many resistances against the US Dollar and bitcoin. XLM could decline towards the...
Read More »Ripple Price Analysis: XRP Could Dip Further Before Fresh Increase
Ripple price is struggling to climb above the $0.2850 resistance area against the US dollar.The price is currently declining and it might test the $0.2645 support level.There is a key bearish trend line forming with resistance near $0.2805 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair must climb above $0.2805 and $0.2850 to start a strong increase in the coming sessions.Ripple price is currently struggling below $0.2850 against the US Dollar. XRP price could dip...
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