Archive | opinion

Ethereum Classic Price Analysis: ETC/USD Gaining Momentum

Key Highlights Ethereum classic price is slowly moving higher and is currently above $14.50 against the US dollar. There is a major bullish trend line formed with support near $14.40 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is in an uptrend and it may perhaps continue to move… […]

Ripple Price Analysis: XRP/USD Poised to Extend Gains

Key Highlights Ripple price formed a major low near the $0.5100 level and bounced back against the US dollar. Yesterday’s important bearish trend line was broken with resistance near $0.5200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair tested the $0.5500 resistance zone and is currently correcting lower. Ripple… […]

Ethereum Price Analysis: ETH/USD Broke Key Resistance

Key Highlights ETH price made a nice upside move and broke the $495 resistance against the US Dollar. There was a break above a major bearish trend line with resistance at $498 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now placed nicely above the $500 level and the 100… […]

Bitcoin Cash Price Analysis: BCH/USD May Overtake $900

Key Points Bitcoin cash price bounced back sharply from the $825 support area against the US Dollar. Yesterday’s highlighted key bearish trend line with resistance at $840 was breached on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently trading just below the $900-910 resistance, and it may soon… […]

Cryptocurrency Volume Drops To A Two-Month Low, Should You Be Worried?

Cryptocurrency volumes have dipped to a two-month low, with levels resembling those seen earlier this year during April’s downtrend. But what does this mean for the market in general? Is Volume An Viable Indicator? As of June 18th, exchange volume has collectively dropped under $10 billion dollars, with these levels being seen in early April. … […]

Ethereum is Gaining 50,000 Developers per Month, King of Dapps

An independent vlogger posted a video on Reddit about why he’s still bullish on crypto. In the video the vlogger names six points to keep in mind about the health of the space as networks continue to grow, clarity comes in to being and crypto attracts the best and brightest minds from both the tech and financial… […]

Ripple Price Analysis: XRP/USD Sights Downside Break

Key Highlights Ripple price declined from the $0.5600 swing high with bearish moves against the US dollar. There is a key bearish trend line in place with resistance near $0.5300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may perhaps decline further and it could break the $0.5200 support… […]

Ethereum Price Analysis: ETH/USD Could Extend Declines

Key Highlights ETH price was not able to move above the $510 resistance and is currently under pressure against the US Dollar. There was a break below a crucial bullish trend line with support at $500 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of more losses… […]

Bitcoin Cash Price Analysis: Can BCH/USD Hold $825?

Key Points Bitcoin cash price struggled to settle above the $900 level and declined against the US Dollar. There is a major bearish trend line formed with resistance at $850 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently finding it hard to hold an important support area… […]

Ethereum Price Weekly Analysis: ETH/USD Remains at Risk

Key Highlights ETH price is struggling to move higher above the $510 and $520 resistance levels against the US Dollar. There is a key bearish trend line in place with resistance near $505 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains at a risk of more losses if it fails… […]

Ethereum Price Analysis: ETH/USD Recovering Higher

Key Highlights ETH price is moving higher and is recovering above the $500 level against the US Dollar. There was a break above a major bearish trend line with resistance at $482 on the hourly chart of ETH/USD (data feed via Kraken). The pair may dip a few points, but it is likely to remain… […]

Ripple Price Analysis: Can XRP/USD Break $0.50?

Key Highlights Ripple price failed to recover and extended its decline towards the $0.50 level against the US dollar. There is a major bearish trend line forming with resistance near $0.5300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must break the $0.53 resistance and move higher to avoid… […]

Ethereum Price Analysis: ETH/USD Faces Tough Challenge

Key Highlights ETH price crashed and declined toward the $440 level recently against the US Dollar. There is a declining channel in place with resistance near the $480 level on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently correcting higher and it may head towards the $490 and $500 resistance… […]

Ethereum Price Analysis: ETH/USD Breaks $500

Key Highlights ETH price declined further and failed to hold the $500.00 handle against the US Dollar. This week’s followed important bearish trend line acted as a barrier near $540 on the hourly chart of ETH/USD (data feed via Kraken). The pair declined below the $500 handle and it may accelerate declines in the near… […]