Archive | analysis

Cardano Price Technical Analysis – ADA/USD Accelerates Decline

Key Highlights ADA price failed to correct higher and it declined below the $0.3500 support level against the US Dollar (tethered). There is a key bearish trend line forming with resistance at $0.3650 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently trading below the $0.3500 level and […]

Ripple Price Technical Analysis – XRP/USD Declines Below $1.00

Key Highlights Ripple price struggled to gain momentum above $1.15 and declined sharply against the US dollar. There is a crucial bearish trend line forming with current resistance at $1.02 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair is currently trading well below the $1.00 support and it remains […]

Ethereum Price Technical Analysis – ETH/USD Nosedives Below $900

Key Highlights ETH price failed to gain pace above $940 and declined sharply against the US Dollar. There was a break below a major bullish trend line with support at $925 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is now trading below the $900 level and it seems like the […]

Bitcoin Price Technical Analysis for 02/21/2018 – Waiting for More Buyers

Bitcoin Price Key Highlights Bitcoin price sold off from its rising wedge support previously highlighted, signaling that a downtrend may be in order. However, price is still testing support at the rising trend line connecting the lows since the start of the month. Technical indicators are also suggesting that bullish momentum could return. Bitcoin price […]

Ethereum Classic Price Technical Analysis – ETC/USD Surges above $40

Key Highlights Ethereum classic price surged higher this week and moved above the $40.00 resistance against the US dollar. There is a connecting bullish trend line forming with support at $40.10 on the hourly chart of the ETC/USD pair (Data feed via SimpleFX). The pair may decline a few points in the short term, but […]

Ripple Price Technical Analysis – Can XRP/USD Break 100 SMA?

Key Highlights Ripple price is struggling to move higher and is currently trading below $1.0850 against the US dollar. There is a major contracting triangle pattern forming with resistance at $1.0700 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair has to move above $1.0700 and the 100 hourly simple […]

Bitcoin Cash Price Technical Analysis – BCH/USD To Make Next Move

Key Points Bitcoin cash price is trading above the $1,500 support and is preparing for the next move against the US Dollar. There is a short-term contracting triangle forming with resistance at $1,540 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is likely to break the triangle resistance at $1,540 and […]

Bitcoin Price Technical Analysis for 02/20/2018 – Watch Out for this Ceiling!

Bitcoin Price Key Highlights Bitcoin price is still rallying and has broken one resistance level after another. Zooming out to the daily time frame reveals that price is closing in on a major area of interest. Applying the Fibonacci retracement tool on the daily swing high and low shows that this potential ceiling lines up […]

Cardano Price Technical Analysis – ADA/USD to Decline Further

Key Highlights ADA price declined recently after forming a high near the $0.4185 level against the US Dollar (tethered). There was a break below a major bullish trend line with support at $0.3850 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently holding the $0.3600 support, but it […]

Ripple Price Technical Analysis – Can XRP/USD Hold $1.00?

Key Highlights Ripple price after an upside move faced a strong resistance at $1.1500 against the US dollar. There was a break below a connecting bullish trend line with support at $1.0800 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair is currently holding the $1.00 support, but it is […]

Bitcoin Price Technical Analysis for 02/19/2018 – Aiming for Extension Levels?

Bitcoin Price Key Highlights Bitcoin price is still trending higher after breaking above a few key resistance levels. Bulls are gaining traction and allowing price to move above an ascending trend line on the 1-hour time frame. Price appears to have completed its pullback from the recent rally and could head up to the extension […]

Bitcoin Cash Price Technical Analysis – BCH/USD Breaks Short-term Support

Key Points Bitcoin cash price after a nice upside move found sellers near the $1,600 level against the US Dollar. There was a break below a short-term bullish trend line with support at $1,520 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently holding the $1,400 support, but it may […]

Bitcoin Price Weekly Analysis – BTC/USD Eyeing Further Gains

Key Points Bitcoin price made a nice upside move and traded above $9,000 and $10,000 against the US Dollar. There is a major ascending channel forming with current support at $10,150 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX). The pair may continue to rise and the next major resistances are […]

Ethereum Price Weekly Analysis – ETH/USD Bullish above $880

Key Highlights ETH price succeeded in moving higher this past week to trade above $900 against the US Dollar. There is a key ascending channel forming with support at $880 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair may continue to rise as long as the mentioned $880 support is intact. […]

Bitcoin Cash Price Weekly Analysis – Can BCH/USD Continue Higher?

Key Points Bitcoin cash price gained heavily this past week and moved above $1,400 against the US Dollar. There is a crucial bullish trend line forming with support at $1,480 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX). The pair may decline a few points in the short term, but it […]