Archive | analysis

Altcoin Analysis: NEO, EOS, LTC, DASH and Lumens (XLM)

We are seeing a change of fortune as far as price action and altcoins is concerned. LTC, Lumens and DASH are on the fore front printing clear bull patterns that awaits confirmations today. Besides these three, we remain neutral on EOS unless we see a close above $9.5 while NEO is also encouraging as scalpers […]

Cardano Price Technical Analysis – ADA/USD Bearish Below $0.35

Key Highlights ADA price is struggling to recover and it recently declined below the $0.3200 level against the US Dollar (tethered). There is a major declining channel forming with resistance at $0.3205 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently correcting higher, but it may face a […]

Ripple Price Technical Analysis – XRP/USD Tumbles Further

Key Highlights Ripple price could not hold the $0.9000 support and moved below the $0.8400 level against the US dollar. There is a key bearish trend line forming with resistance at $0.8700 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair is trading around the $0.8400 level and is currently […]

NewsBTC 2018-02-22 21:42:13

Bears all over guys and so far, all altcoin gains from last week’s bullish run has been reversed. LTC, EOS, NEO, Lumens and even DASH are on a down trend testing last week’s lows. Let’s have a look at these charts: XLM/USD So far, Lumens sellers are trending right at last week’s lows and that’s […]

Ethereum Price Technical Analysis – ETH/USD Decline Looks Real

Key Highlights ETH price faced a lot of selling pressure recently and declined below $810 against the US Dollar. Yesterday’s highlighted major bearish trend line with current resistance at $820 is intact on the hourly chart of ETH/USD (data feed via SimpleFX). The pair may correct a few points in the short term, but it […]

Bitcoin Cash Price Technical Analysis – BCH/USD Breaks $1,200

Key Points Bitcoin cash price did not correct higher and declined below the $1,200 support against the US Dollar. There are two bearish trend lines forming with resistance at $1,250 and $1,280 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair may decline more in the near term and it could even […]

Bitcoin Price Technical Analysis for 02/23/2018 – Short-Term Reversal Signal

Bitcoin Price Key Highlights Bitcoin price recently formed a head and shoulders pattern on its 1-hour chart. Price has broken below the neckline to show that a downtrend is underway. The chart pattern spans more than $1,000 in height so the resulting selloff could be of the same size. Bitcoin price broke below a short-term […]

Ethereum Classic Price Technical Analysis – Can ETC/USD Reclaim $36?

Key Highlights Ethereum classic price declined sharply after trading above the $42.00 level against the US dollar. There is a major bearish trend line forming with resistance at $35.20 on the hourly chart of the ETC/USD pair (Data feed via SimpleFX). The pair is currently correcting higher, but it has to move above $36.00 to […]

Ripple Price Technical Analysis – XRP/USD is Facing Uphill Task

Key Highlights Ripple price declined below the $0.9500 support area yesterday against the US dollar. There are two important bearish trend lines forming with resistance at $0.9400 and $1.00 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair is currently correcting higher, but it is likely to face a lot […]

Bitcoin Cash Price Technical Analysis – BCH/USD Correcting Higher

Key Points Bitcoin cash price declined further and traded towards the $1,250 support against the US Dollar. There is a new bearish trend line forming with resistance at $1,320 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently correcting higher, but it could face sellers near the $1,320 and $1,350 […]

Bitcoin Price Technical Analysis for 02/22/2018 – Potential Bounce Targets

Bitcoin Price Key Highlights Bitcoin price is still in correction mode but appears to be bouncing off the trend line support. Applying the Fibonacci extension tool shows how high price could go if the trend line holds. Technical indicators are signaling that the uptrend is about to resume. Bitcoin price is finding support at the […]

DigixDAO Surges Amid Sea of Red

After a general upwards trend from Bitcoin following its February 6 low of US$6,000, today marks the first major downtrend from the cryptocurrency. After nearing $12,000, the coin has dropped significantly, and is currently trading close to $10,700. As is usually the case, the significant drop has caused widespread losses among a majority of altcoins. Of […]

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 […]