Archive | technical

Bitcoin Price Watch: BTC/USD at Risk of Upside Break above $6,540

Key Points Bitcoin price mostly traded in a range above the $6,300 support area against the US Dollar. There is a crucial breakout triangle pattern formed with resistance near $6,540 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dip a few points towards $6,380, but it is likely… […]

Cardano Price Analysis: ADA/USD Remains Supported Above $0.090

Key Highlights ADA price made a nice upside move from the $0.0845 low and broke $0.100 against the US Dollar (tethered). There was a break above a major bearish trend line with resistance at $0.0980 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair must is currently correcting lower and… […]

Ethereum Price Analysis: ETH/USD Could Accelerate Higher

Key Highlights ETH price is recovering after trading as low as $282.73 and formed a decent support against the US Dollar. There is an ascending channel forming with current support at $296 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to rise slowly and steadily above the $300 and… […]

Ripple (XRP) Price Watch: Setting Its Sights Higher

Ripple Price Key Highlights Ripple price has completed its retest of a former resistance level, which has held as support. Price could be due to climb to the Fibonacci extension levels, but it has yet to break out of this short-term triangle. Technical indicators are showing mixed signals on the direction of price action from… […]

Bitcoin (BTC) Price Watch: Waiting for a Triangle Breakout

Bitcoin Price Key Highlights Bitcoin price has formed higher lows and found resistance around $6,500 to create an ascending triangle pattern on its 1-hour chart. Price is currently testing the resistance and is nearing the peak of the formation, so a breakout might be due soon. Technical indicators are giving mixed signals on which direction… […]

Bitcoin Cash Price Analysis: BCH/USD Eyes Upside Break above $600

Key Points Bitcoin cash price is steadily rising and is currently placed nicely above $550 against the US Dollar. There is a major bullish trend line formed with support at $560 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair looks set to gain further above the $590 and $600… […]

Bitcoin Technical Analysis: SEC Testing The Waters With Bitcoin ETNs

Bitcoin ETFs is not yet a yes from the main US regulator, the SEC. However, as things stand, there is Bitcoin Tracker One and though it is tradable via broker’s OTC market, investors can now invest their USDs in Bitcoin. Nevertheless, technical are not that positive and still oscillating inside a descending triangle with triggers… […]

Litecoin, Stellar Lumens, Tron, IOTA, EOS Technical Analysis: At 90% From ATHs, Altcoins are almost “Free”

Apart from IOTA which on paper seems to be outperforming peers adding 15 percent in the last days, other coins as Tron, Litecoin and Stellar Lumens are up roughly two percent on average. Of all coins though, Stellar Lumens (XLM) is the most stable as they consolidate horizontally along our previous buy trigger line at… […]

Bitcoin Price Weekly Analysis: BTC/USD Failed Again Near $6,600, Now What?

Key Points Bitcoin price rebounded and moved above the $6,400 level, but it failed near $6,600 against the US Dollar. There was a break below a major bullish trend line with support at $6,460 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair remains in a broad range between $6,000… […]

Ethereum Price Weekly Analysis: ETH/USD’s Upsides Capped Near $320

Key Highlights ETH price corrected higher recently and traded above $310 and $315 against the US Dollar. There is a key connecting bearish trend line in place with current resistance at $311 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair has to break the $311 and the $320 resistance levels for… […]

XRP Technical Analysis: XRP Spearheads Recovery, Adds 10%

Like most coins, Ripple and XRP are bullish. Not only are we seeing important partnerships that steels XRP and xRapid,  XRP prices are also on a recovery path adding a massive 13 percent in the last day helping propel prices from 25 cents supports. Technically, this recovery might continue though XRP is within a bear… […]

Litecoin, EOS, Stellar Lumens, Tron, IOTA Technical Analysis: Altcoins Are Back To (Temporary) Green

The altcoins market is in recovery mode and after more than two months of persistent sells, their momentum is fading. Though they still lack solid confirmation, price floors are morale boosting for coins as EOS, Tron, IOTA and even Litecoin which were heading lower. Next week’s price action would influence the short term price trajectory… […]

Bitcoin Price Watch: BTC/USD Signaling Bullish Continuation Towards $6,700

Key Points Bitcoin price recovered nicely after forming a support base near $6,200 against the US Dollar. There was a break above a key contracting triangle with resistance at $6,375 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may perhaps continue to move higher towards the $6,570 and $6,750… […]

Ripple Price Analysis: XRP/USD Recovery Above $0.30 On the Cards

Key Highlights Ripple price is moving higher and it has settled above the $0.2800 and $0.2900 resistances against the US dollar. Yesterday’s highlighted key bearish trend line is almost breached near $0.3020 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to gain momentum above the $0.3020 and… […]

Ethereum Price Analysis: ETH/USD Poised for More Upsides

Key Highlights ETH price is gaining momentum and it could break the $304 resistance for more upsides against the US Dollar. There was a break above a key bearish trend line with resistance at $295 on the hourly chart of ETH/USD (data feed via Kraken). The pair might decline a few points towards $290 and… […]