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Tag Archives: Trading

Cardano (ADA) Price Analysis: Risk of Additional Downsides

ADA price started a fresh decline after it failed to surpass the $0.0420 resistance against the US Dollar.The price is currently declining and trading below the $0.0400 support area.There is a descending channel forming with resistance near $0.0375 on the 4-hours chart (data feed via Kraken).The price is likely to accelerate losses below the $0.0355 and $0.0350 support levels in the near term.Cardano price is following a downtrend against the US Dollar and bitcoin. ADA price could continue to...

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Bitcoin Price Analysis: BTC Approaching Last Line Of Defense

Bitcoin price is declining and it is now trading well below $7,500 against the US Dollar.The price is likely to extend its decline towards the $7,040 support area.There is a contracting triangle forming with resistance near $7,280 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could bounce back unless there is no daily close below $7,040 and $7,000.Bitcoin price is showing bearish signs below $7,300 against the US Dollar. BTC is under pressure, but it might hold...

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As Cryptocurrency Becomes Inevitable: Is Bitcoin on the Brink of a Santa Claus Rally?

The Bitcoin and crypto money markets have thrust in a downward pattern for quite some time, but with only half a month until Christmas, Bitcoin bulls are anticipated, could we be expecting another Santa Claus rally?The Bitcoin price forecast is approximately a part of the highs of its year so far, with most (but not all) altcoins struggling to stay closely related to Bitcoin and recording worse results.Currently, Bitcoin and crypto enthusiasts anticipate unexpected price growth, specialized...

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Waves DEX Foregoes Total Decentralization and Is Migrating to a Hybrid Model

In what seems like migration for the future, sources have indicated that Waves, a popular decentralized cryptocurrency exchange, has shut down its operations on its decentralized platform and is migrating to a new hybrid-based system that is intended to combine the best of both worlds. The exchange indicated this yesterday in a press release stating that it is shutting down operations on the old website and is shifting to the new Waves.Exchange site where the development of its hybrid model...

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Tron (TRX) Price Analysis: Risk Of Fresh Decrease Below $0.0150

Tron price is struggling to clear a couple of important resistances near $0.0160 against the US Dollar.TRX price is currently trading above the $0.0152 and $0.0150 support levels.There is a key bearish trend line forming with resistance near $0.0160 on the 4-hours chart (data feed via Bitfinex).The price could start a fresh decline if it fails to surpass $0.0160 and $0.0614.TRON price is currently consolidating below key resistances against the US Dollar and bitcoin. TRX price must break the...

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Ethereum Price Analysis: ETH Approaching Next Key Break

Ethereum price is facing a few important resistances near $152 and $158 against the US Dollar.ETH price is currently trading below $150, but also holding the $148 support area.There is a major breakout pattern forming with support near $148 on the 4-hours chart (data feed from Coinbase).The price could either rally above $152 or it might start a fresh decline towards $138.Ethereum price is likely setting up for the next key break against the US Dollar. ETH/USD must climb above $150, $152 and...

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Bakkt Bitcoin Monthly Futures Trade Set a New Weekly Volume Record of $124 Million

Bakkt is easily one of the most interesting platforms in the crypto market. Operated by the Atlanta-based Intercontinental Exchange (ICE), the platform is designed to push Bitcoin much deeper into mainstream adoption, by offering physically settled Bitcoin futures contracts. Bakkt initially had a very disappointing start, making many believe it wouldn’t amount to much. However, the platform has surprised many, including the naysayers, and has seen impressive and steady growth, as it...

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Binance to Launch Its Troy IEO Tomorrow and Announces New Internal Transfer Feature

As CoinSpeaker has already reported, the Binance Launchpad Platform is all set to facilitate an Initial Exchange Offering (IEO) for a new crypto project dubbed Troy (TROY) tomorrow, December 3. Over the last month starting November 3, Binance has been recording users’ BNB balances.The final BNB balance will be the average of BNB tokens held over the last month. Based on the final BNB balance, Binance will decide the number of tickets a user can get for the TROY IEO.Furthermore, the...

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$7,800 Next as Bitcoin Displays an Indication of Price Leap if CME Futures Gap Fills Up

The Bitcoin CME gap has turned out a tradable situation as of late, in any case, in past weeks, the gap has remained underneath the weekly gap however this isn’t the situation now.On November 29, the CME market left at $7,800, and at the hour of composing, Bitcoin was trading at $7,278.04. This implies if the CME is filled, Bitcoin may encounter a 7% value growth.While the scenario isn’t ensured aftermath, it has turned out an entirely dependable and extraordinary measurement for the...

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Ripple Price Analysis: XRP Near Crucial Juncture, Fresh Decrease Likely

Ripple price is struggling to climb above the $0.2300 and $0.2320 resistances against the US dollar.The price is currently trading near the $0.2200 support area and it could continue to move down.There is a major bearish trend line forming with resistance near $0.2250 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price is likely to accelerate lower if it continues to struggle near $0.2300.Ripple price is facing an increase in selling below $0.2300 against the US...

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