Tag Archives: Trading

Ripple price started an upside correction from the $0.1750 swing low against the US dollar.The price is trading above the $0.1900 level, but facing many hurdles near $0.2000There is a major bearish trend line forming with resistance near $0.2050 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).A clear break above $0.2000 and $0.2050 is needed for upside acceleration.Ripple price is trading below key hurdles near $0.2000 against the US Dollar. XRP price could either rally...

The United States Securities and Exchange Commission (SEC) has decided to postpone the Wilshire Phoenix’s Bitcoin ETF proposal. According to a document released by the commission, they will continue putting the proposal under review. By February 26th, 2020, the SEC will approve or disapprove the rule changes that will determine the status of the ETF. This decision essentially puts in limbo the status of the ETF. It also indicates the cold feet that the SEC has towards new Bitcoin and other...

Bitcoin cash price is currently correcting higher above $180 against the US Dollar.The price is facing many challenges on the upside near $188, $192 and $196.There are two key bearish trend lines forming with resistance near $188 and $196 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to struggle near the $196 level and it might resume its decline.Bitcoin cash price is showing a few positive signs above $180 against the US Dollar. However, BCH/USD must...

Bitcoin price has jumped back above $7000 gaining over 7% in the last 24 hours. This price jump in Bitcoin is reportedly due to a massive spike in the Bakkt Bitcoin Futures volume. Thus, despite the Bitcoin price volatility, institutional trading for Bitcoin seems on the rise.A Twitter handle dubbed Bakkt Volume Bot has highlighted this rise.∙ Today's volume so far: 6312 BTC ($45.56 million)∙ Last traded price: $7,218∙ Trading day progress: 83%∙ Current daily Bakktarget™: 6994 BTC ($50.48...

EOS price is recovering nicely from the $2.149 monthly low against the US Dollar.The price is up around 10% and it even tested the main $2.500 resistance area.There is a crucial bearish trend line forming with resistance near $2.480 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair is likely to move into an uptrend if it settles above the $2.500 resistance area.EOS price is showing a lot of positive signs against the US Dollar, just like bitcoin. Still, the price...

Litecoin price is recovering nicely from the monthly low of $35.85 against the US Dollar.LTC price is up around 10% and it even climbed above the $40.00 resistance area.There is a crucial bearish trend line forming with resistance near $42.20 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could consolidate in the short term before it revisits the $42.00 resistance area.Litecoin price is showing a few positive signs against the US Dollar, similar to bitcoin. LTC...

Recently, Ethereum has been deliberately following Bitcoin‘s price activity, which generally shows a selling sentiment.Both BTC and ETH are currently exchanging at critical support levels, and any more shortcomings in the short term could lead to huge capitulation selling, which could lead to a drop in the cryptocurrency.Analyzing Ethereum, experts note that the basic level of support is $140 and that a break below this level is leading to a fall in ETH by more than 30% and focus may be on...

According to an official blog post published yesterday, Kraken has acquired Circle Trade – Circle’s over-the-counter (OTC) platform. The statement says that Kraken sees Circle Trade as “one of the most recognized OTC desks in crypto” and the team is very excited about the acquisition.The statement also includes further details expected from the acquisition. Firstly, the company expects that the fact that its services would now be expanded and a lot more capable will attract new trading...

In direct competition to ICE‘s Bakkt platform, cryptocurrency exchange ErisX has launched its physically-settled Bitcoin futures contracts. In an official announcement on Monday, December 17, ErisX said that it will make its futures contracts available in the U.S. as of now.The product dubbed “Futures Digital Currency Products” will start trading today onwards from 8:00 a.m. Central Time (14:00 UTC). As per CoinDesk, ErisX’s Bitcoin futures will trade alongside its existing cryptocurrency...

ADA price is under a lot of pressure below the $0.0350 level against the US Dollar.The price is down more than 10% and it traded close to the $0.0300 support.There is a major bearish trend line forming with resistance near $0.0355 on the 4-hours chart (data feed via Kraken).The price could recover in the near term as long as it is above the $0.0300 support.Cardano price is in a strong downtrend against the US Dollar and bitcoin. ADA price could correct higher, but the $0.0330 and $0.0350...