Archive | analysis

Bitcoin Price Weekly Analysis: BTC/USD’s Next Target $8,500

Key Points Bitcoin price gained momentum and settled above $7,200 against the US Dollar. There is a major bullish trend line forming with support at $7,000 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to make the next move either above $7,600 or below $7,240 in the… […]

Ethereum Price Weekly Analysis: ETH/USD Could Revisit $422

Key Highlights ETH price struggled to hold gains above $510 and declined sharply against the US Dollar. Recently, there was a break above a bearish trend line with resistance at $457 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair has to close above $477 and the 100 simple moving average to… […]

Bitcoin Cash Price Weekly Analysis: BCH/USD Bullish Above $820

Key Points Bitcoin cash price corrected lower and tested the $740 support area against the US Dollar. There is a major bullish trend line in place with support at $750 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair must break the $800 and $820 resistance levels to gain bullish… […]

Cardano Price Analysis: ADA/USD Approaching Key Support

Key Highlights ADA price surged towards the $0.2000 level before starting a downside correction against the US Dollar (tethered). There is a significant bullish trend line formed with support at $0.1700 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is correcting lower, but it remains well supported above the… […]

Ripple Price Analysis: XRP/USD Turned Bearish?

Key Highlights Ripple price broke a major support area near $0.4750 to move into a bearish zone against the US dollar. There is a key bearish trend line in place with resistance at $0.4700 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must move back above $0.4750 and the… […]

Ethereum Price Analysis: ETH/USD Facing Uphill Task

Key Highlights ETH price declined further and broke the $482 and $475 support levels against the US Dollar. There is a major bearish trend line formed with resistance near $475 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to move above the $475 and $480 resistance levels to move into… […]

Bitcoin Cash Price Analysis: BCH/USD Holding Key Support

Key Points Bitcoin cash price is holding an important support near $800 against the US Dollar. There is a contracting triangle forming with support near $805 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair has to move above the $830 and $840 resistances to gain traction in the near… […]

Ethereum Classic Price Analysis: ETC/USD Remains in Uptrend

Key Highlights Ethereum classic price corrected lower after trading as high as $18.37 against the US dollar. There is a significant bullish trend line in place with support at $17.10 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is currently holding the trend line support at $17.10 and the… […]

Ripple Price Analysis: XRP/USD Testing Key Support

Key Highlights Ripple price made a nice upside move before facing sellers near $0.5245 against the US dollar. There was a break below a crucial bullish trend line with support at $0.4950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading near a major support zone at… […]

Ethereum Price Analysis: Can ETH/USD Hold 100 SMA?

Key Highlights ETH price started a major downside correction below the $500 level against the US Dollar. This week’s highlighted key bullish trend line was breached with support at $485 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading near the $470 support and the 100 hourly simple moving… […]

Bitcoin Price Watch: BTC/USD Poised for More Gains

Key Points Bitcoin price surged and broke the $6,800 and $7,200 resistance levels against the US Dollar. There is a short-term ascending channel forming with support at $7,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The BTC/USD pair is currently consolidating gains near $7,500 and it is poised to extend… […]

Cardano Price Analysis: ADA/USD Surging Towards $0.20

Key Highlights ADA price climbed higher and broke the $0.1500 and $0.1700 resistance levels against the US Dollar (tethered). There is a crucial bullish trend line in place with support at $0.1600 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may perhaps continue to move higher and it could… […]

Ripple Price Analysis: XRP/USD Accelerating Above $0.5200

Key Highlights Ripple price rocketed higher and broke the $0.5000 and $0.5200 resistance levels against the US dollar. There is a major bullish trend line in place with support at $0.4920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting lower, but it remains supported near $0.5100… […]

Bitcoin Cash Price Analysis: BCH/USD Could Test $900

Key Points Bitcoin cash price surged higher and broke a major resistance near $850 against the US Dollar. Yesterday’s highlighted key bullish trend line is intact with support near $810 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to accelerate gains above the $875 level and it… […]

Bitcoin Price Watch: BTC/USD’s Trend Overwhelmingly Bullish

Key Points Bitcoin price surged higher and broke a crucial resistance near $6,380 against the US Dollar. There is a new key bullish trend line forming with support at $6,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The BTC/USD pair is currently correcting lower, but it is likely to find… […]