Archive | analysis

Bitcoin Price Weekly Analysis – BTC/USD Primed for Gains

Key Points Bitcoin price rocketed higher and moved above a major resistance at $8,500 against the US Dollar. There is a connecting bullish trend line forming with support at $8,650 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently consolidating above $8,600 and it primed for more gains… […]

Ethereum Price Weekly Analysis – ETH/USD Downsides Remain Supported

Key Highlights ETH price traded higher this past week and moved above the $580 pivot level against the US Dollar. There is a crucial bullish trend line in place with support at $575 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is currently correcting lower, but it remains supported near the… […]

Bitcoin Cash Price Weekly Analysis – BCH/USD Could Break $1,200

Key Points Bitcoin cash price is in a major uptrend from the $650 swing low against the US Dollar. There is a crucial bullish trend line forming with support near $1,090 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair remains well supported on the downside and it could even… […]

Cardano Price Technical Analysis – ADA/USD Accelerating Higher

Key Highlights ADA price gained upside momentum and settled above $0.2600 against the US Dollar (tethered). There is a rising channel forming with support around the $0.2650 level on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair remains in a strong uptrend and it could accelerate above the $0.3000 level… […]

Ripple Price Technical Analysis – XRP/USD’s Upside Drift

Key Highlights Ripple price extended gains and moved above the $0.8500 level before correcting lower against the US dollar. There is a key bullish trend line forming with support at $0.7900 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting lower and it will most likely find… […]

Bitcoin Cash Price Technical Analysis – BCH/USD Surging Higher

Key Points Bitcoin cash price soared higher and broke the $960 resistance level against the US Dollar. There is a new connecting bullish trend line forming with support at $960 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to extend gains above the $1,000 and $1,020 levels… […]

Ethereum Classic Price Technical Analysis – ETC/USD Targets $20

Key Highlights Ethereum classic price is surging higher and is currently placed nicely above $17.00 against the US dollar. There was a break above a major connecting resistance trend line at $17.40 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is in a solid uptrend and it could continue… […]

Ripple Price Technical Analysis – XRP/USD Bullish Breakout

Key Highlights Ripple price surged higher and broke a major resistance near $0.6800 against the US dollar. This week’s contracting triangle with resistance at $0.6800 was breached on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded above the $0.7000 and is now placed nicely in a bullish zone. Ripple… […]

Bitcoin Cash Price Technical Analysis – BCH/USD Surged Above $850

Key Points Bitcoin cash price gained traction and it was successful in clearing the $800 and $850 resistances against the US Dollar. There was a break above a minor bearish trend line with resistance at $780 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair surged higher and traded close… […]

Ethereum Price Technical Analysis – ETH/USD Hold Key Support

Key Highlights ETH price is trading above a key support near the $502 level against the US Dollar. Yesterday’s highlighted crucial bullish trend line with support at $502 is intact on the hourly chart of ETH/USD (data feed via Kraken). There was a false downside break recently, but the pair recovered back above $500. Ethereum… […]

Bitcoin Price Technical Analysis for 04/18/2018 – Look Out for this Reversal Pattern

Bitcoin Price Key Highlights Bitcoin price is forming a head and shoulders on its 1-hour time frame to signal a potential selloff. Price already seems to be breaking below the neckline to confirm that sellers have the upper hand. Technical indicators are still suggesting that the uptrend could carry on, though. Bitcoin price formed a… […]

Bitcoin Cash Price Technical Analysis – BCH/USD Remains Range Bound

Key Points Bitcoin cash price is positioned nicely above the $720 support zone against the US Dollar. There is a short-term contracting triangle forming with support at $760 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to trade in a range before it makes the next move… […]

Price of Litecoin, Stellar, EOS Surge Amid Strong Market

As Bitcoin holds above US$8,000, altcoins are seeing increasing support and continual growth. The past week has shown the first sustained period of growth in recent months, as the global cryptocurrency market cap has seen more than 25% growth since last Tuesday. Bitcoin (BTC) has seen a modest increase of 1% in the past 24 […]

Ethereum Classic Price Technical Analysis – ETC/USD Could Extend Gains

Key Highlights Ethereum classic price corrected lower after trading as high as $17.01 against the US dollar. There was a break below a connecting bullish trend line with support at $16.60 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair remains supported on the downside above $15.80 and it could… […]

Ripple Price Technical Analysis – XRP/USD Consolidating above $0.6200

Key Highlights Ripple price corrected lower recently from the $0.7000 swing high against the US dollar. There is a contracting triangle forming with current support at $0.6400 on the hourly chart (data source from Kraken). The pair may consolidate above the $0.6200 pivot level in the short term before it makes the next move. Ripple… […]