Crypto EcoBlog
Ethereum price corrected lower recently and traded below the $170 support against the US Dollar.ETH price is currently trading above the key $161 and $159 support levels.There is a major bullish trend line forming with support near $160 on the 4-hours chart (data feed from Coinbase).The price is likely to start a fresh increase as long as it is above the $160 support.Ethereum price is trading in a strong uptrend above $160 against the US Dollar. ETH/USD is likely to revisit $178 and $180...
Read More »Stellar Lumen (XLM) Price In Strong Uptrend And It Could Surpass $0.07
Stellar lumen price is following a nice uptrend and it recently tested $0.066 against the US Dollar.XLM price corrected lower, but it remained well bid above the $0.0600 support area.There is a major bullish trend line forming with support near $0.0600 on the 4-hours chart (data feed via Kraken).The pair could continue to rise above the $0.0660 and $0.0680 resistance levels.Stellar lumen price is trading with a bullish bias above $0.0600 against the US Dollar, similar to bitcoin. XLM is...
Read More »Ripple Price Analysis: XRP Remains Supported Despite Recent Pullback
Ripple price started a major downside correction from close to $0.2550 resistance against the US dollar.The price declined below $0.2400, but it is still trading nicely above the $0.2260 support area.There is a key bullish trend line with support near $0.2265 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to bounce back above $0.2400 unless it breaks the $0.2200 support area.Ripple price is correcting gains from the $0.2540 high against the US Dollar....
Read More »Bitcoin Cash Analysis: Primed For More Upsides Above $350
Bitcoin cash price started a downside correction from the $367 high against the US Dollar.The price found support near the $310 level and it is currently surging towards $360.There was a break above a key contracting triangle with resistance near $338 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could continue to rise towards $375 if it clears the $350 resistance area.Bitcoin cash price is showing a lot of bullish signs above $320 against the US Dollar. BCH/USD...
Read More »Binance Launches Feature for Converting BUSD into Selected Stablecoins
Major crypto exchange Binance has announced a new Binance USD (BUSD) conversion function on its platform. Beginning immediately, users can now instantly convert a select number of stablecoins into the BUSD.Binance BUSD ConversionAccording to the announcement, the supported stablecoins for the new feature include Paxos Standard (PAX), USD Coin (USDC), TrueUSD (TUSD) and Tether’s USDT. For the first three, the announcement states that conversion to BUSD will be settled at 1:1. Binance will...
Read More »The Most Trusted Crypto Exchange Platforms in 2020
Crypto exchange platforms provide a crucial segment in the wider community as it allows the public to have access to cryptocurrencies. Unlike the stock and Forex markets, the crypto market is open 24/7 and cryptocurrency exchanges facilitate this. There are only four ways through which the public can have access to cryptocurrencies:MiningICO or IEOBuying through an exchangeAccepting cryptocurrency payments for your businessThe easiest way is buying from an exchange platform since mining...
Read More »EOS Price Analysis: Correcting Lower But Dips Remain Supported
EOS price rallied recently above the $3.200 and $3.580 resistance levels against the US Dollar.The price traded as high as $4.066 and it is currently correcting lower.There is a major contracting triangle forming with support near $3.350 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could decline in the short term, but dips remain well supported near $3.350.EOS price is trading in a nice uptrend above $3.350 against the US Dollar, just like bitcoin. It could...
Read More »Litecoin (LTC) Price Analysis: Bulls Remain In Driver’s Seat
Litecoin price gained a strong bullish momentum after it broke the $48.00 resistance against the US Dollar.LTC price traded towards the $60.00 resistance and it is currently correcting lower.There is a key contracting triangle forming with support near $54.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair remains well supported on the downside near $52.00 and $50.00.Litecoin price is trading in a bullish zone above $50.00 against the US Dollar, similar to bitcoin....
Read More »Cardano (ADA) Price Analysis: Bulls Are Not Done Just Yet
ADA price gained traction after it broke the key $0.0380 resistance against the US Dollar.The price traded towards the $0.0420 resistance and formed a high at $0.0427.There is a key bullish trend line forming with support near $0.0382 on the 4-hours chart (data feed via Kraken).The price could correct in the short term, but dips remain well supported near $0.0400 and $0.0380.Cardano price is trading in a bullish zone against the US Dollar, similar to bitcoin. ADA price is likely to continue...
Read More »Bitcoin Price Analysis: BTC Dips Present Buying Opportunities
Bitcoin price rallied recently above the $8,400 and $8,500 resistance levels against the US Dollar.The price traded to a new yearly high at $8,900 and settled above the 55 simple moving average (4-hours).There is a crucial bullish trend line forming with support near $8,420 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair remains well supported and dips towards $8,420 and $8,315 might prevent buy opportunity.Bitcoin price is gaining bullish momentum and it recently...
Read More »