Tag Archives: Trading

Bitcoin price is consolidating above the $8,000 and $7,800 support levels against the US Dollar.The price is facing a strong resistance on the upside near the $8,350 and $8,400 levels.There are two key bearish trend lines in place with resistance near $8,350 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could either rally above the $8,350 resistance or it might decline further below $7,800.Bitcoin price is facing a strong resistance near $8,350 and $8,400 against...

The United States Securities and Exchange Commission (SEC) has been in an unofficial fight with the cryptocurrency sector in general. The Commission is generally regarded as unsupportive of the sector especially with its repeated disapproval and postponement of its decision to allow Bitcoin Exchange Traded Funds (Bitcoin ETF). However, an executive from Bitwise Asset Management seems to believe strongly that the upcoming SEC ruling will come in the company’s favor.Speaking to CNBC on its ETF...

Tron price is gaining momentum and it recently climbed above $0.0150 against the US Dollar.TRX price is currently testing the $0.0165 resistance and it could rise further in the near term.There is a crucial bullish trend line forming with support near $0.0150 on the 4-hours chart (data feed via Bitfinex).The price could surge towards $0.0180 or $0.0185 once it surpasses the $0.0165 resistance area.TRON price is showing positive signs against the US Dollar and bitcoin. TRX price is likely to...

Ethereum price rebounded recently and traded above the $175 resistance against the US Dollar.ETH price is still facing a couple of important resistances near $185 and $188.There was a break above a key bearish trend line with resistance near $174 on the 4-hours chart (data feed from Coinbase).The price is likely to accelerate gains once it surpasses the $185 and $188 resistance levels.Ethereum price is rebounding, but facing a crucial resistance near $185-$188 against the US Dollar. ETH price...

Stellar lumen price is currently consolidating above the $0.0580 support against the US Dollar.XLM price is facing a strong resistance near the $0.0620 and $0.0626 levels.There was a break above a short term bearish trend line at $0.0590 on the 4-hours chart (data feed via Kraken).The pair is currently trading in a range and it could attempt to surpass $0.0620 and $0.0650.Stellar lumen price is consolidating below key resistances against the US Dollar. XLM price must surpass $0.0620 and...

Ripple price is currently recovering and is trading above the $0.2500 resistance against the US dollar.The price is likely to break the $0.2700 and $0.2850 resistance levels in the near term.There is a key bullish trend line forming with support near $0.2515 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price remains well supported on dips near the $0.2600 and $0.2550 levels.Ripple price is showing positive signs above $0.2600 against the US Dollar. XRP price is...

Cryptocurrency investment fund Galaxy Digital and over-the-counter (OTC) trading firm XBTO announced they have managed to organize the first block trade ever of Bakkt’s Bitcoin futures contract.In the announcement, Bakkt’s parent company, Intercontinental Exchange (ICE), said the deal is done but hasn’t disclosed any further details (as price or size). Trabue Bland, President of ICE Futures U.S said that since it launched last week, the Bakkt Bitcoin Futures has achieved several milestones,...

Coinbase, that is a well-known large crypto exchange based in the U.S., has taken a decision to reinstated GBP moves targeted at its UK users. This has become known from the recently published official blog post.The company has further incorporated full support for five brand new crypto assets: XRP, Stellar (XLM), Augur (REP), 0x (ZRX) and Basic Attention Token (BAT) – to GBP digital wallets as the firm reported on a material day. Successful Cooperation between Coinbase and Clearbank Last...

Photo: Vanguard / LinkedInThe Vanguard Group is currently running tests on a new foreign exchange (FX) service which is powered by blockchain technology and will run peer-to-peer. The mutual fund giant is doing this to encourage asset trading and make this activity easier for managers, letting them trade currencies without the costs associated with involving the big investment banks.Bloomberg reports that a familiar source close to the project has revealed that the platform has already been...

XRP is the third-largest cryptocurrency by market cap and it is probably the only cryptocurrency with established relationships with traditional financial institutions. If you’ve been following cryptocurrencies, you’ll probably be wondering if you should buy XRP in 2019. XRP was released in 2012 by Ripple Labs Inc with the singular aim of becoming a blockchain-powered solution for sending money across borders seamlessly.You probably won’t be excited to buy XRP in 2019 when you consider the...