Archive | November 5, 2017

ETH/USD and ETH/BTC Technical Analysis November 6 2017

ETH/USD Ethereum rallied quite a bit during the day on Friday, breaking above the $292 level that I had pointed out yesterday. We touched the $300 level, and if we can break above there, the market should then go to the $312 handle, which extends to the $316 level. A break above the $316 level […]

Bitcoin’s Contentious Bid for Legitimacy – Bloomberg

BloombergBitcoin’s Contentious Bid for LegitimacyBloombergInstead of bringing clarity, an impressive price surge last week accentuated the differences within the financial industry about the future of the bitcoins. Opinions range from those asserting that we are witnessing the birth and maturation of a new …and more »

DASH/USD and LTC/USD Technical Analysis November 6 2017

  DASH/USD DASH has been bouncing around for some time, and I believe that the $250 level continues to offer massive support. Ultimately, I anticipate that the real resistance above at the $300 level is the target, so I like buying dips in this market, but I also recognize that you will have to be […]

ALT COIN NEM PUSH HIGHER DESPITE STRONG BEARISH PRESSURE

Unlike other coins, alt coin NEM continue to inch higher. DASH, IOTA, NEO and Monero are low even after that bullish divergence after November 5. This is indicative of strong bear pressure evident in the weekly chart where stochastics are extremely bearish with %k and %d diverging. Let’s review what happened in all other common […]

BTC/USD and BTC/JPY Technical Analysis November 6 2017

BTC/USD Bitcoin pulled back a bit during the day after initially trying to rally on Friday, as $7500 has offered a bit too much in the way of resistance. That makes sense though, because quite frankly we have gotten a bit overextended. At this point, I’m more than willing to wait for a pullback towards […]

Ripple Price Technical Analysis – XRP/USD to Move Higher?

Key Highlights Ripple price is back in the range above the $0.1960 support zone against the US Dollar. There is a bearish trend line forming with resistance at $0.1990 on the hourly chart of the XRP/USD pair (data source from Kraken). The price might soon break $0.2000 to trade towards $0.2050 or even $0.2100. Ripple […]

In the Wake of a Successful IPO on the Frankfurt Stock Exchange, The NAGA Group AG Announces Upcoming NAGA Coin (NGC) Token Sale

The NAGA Group AG is a German FinTech company listed on the Frankfurt Stock Exchange with over 150 employees. Today, they officially announced their Token Sale to launch the NAGA Coin (NGC) and create the first Blockchain-based ecosystem for decentralized trading, investing and education in financial markets, virtual goods and cryptocurrencies. Video about The NAGA […]

Bitcoin Cash Price Technical Analysis – BCH/USD Gaining Momentum

Key Points Bitcoin cash price started a new upside wave after a minor correction towards $560 against the US Dollar. There was a break above a major bearish trend line with resistance at $600 on the hourly chart of BCH/USD (data feed from Kraken). The price might dip a few points once again, but most […]