Archive | technical

EOS Ledger Future Support A Plus But Will Code Be Open Source?: EOS Technical Analysis (June 22, 2018)

Regardless of our EOS bullish proposals, bears are keen on driving prices lower. In the last 24 hours, EOS slid one percent and perfectly aligning itself with the general sell trend. This comes even in the back drop of Ledger Support and several EOS coin deposit and withdrawal support at BitFinex and Kraken.  If anything,… […]

A Leading Philippines Bank RCBC Opts For Stellar, Shuns Ripple: Litecoin, EOS, Tron, Stellar Lumens and IOTA Technical Analysis (June 22, 2018)

The crypto verse is never short of drama and while hacking vibes dominate, Charlie Lee of Litecoin is advocating rationalism. Obviously, after recent hacks, it’s easy to see sentiment almost always flips and drag BTC prices with it. The resulting coupling drags other coins with it resulting in a general crypto slide which he thinks… […]

Bitcoin Price Watch: BTC/USD Approaching Key Break

Key Points Bitcoin price found support near the $6,620 level and recovered well against the US Dollar. There is a key contracting triangle formed with support at $6,700 and resistance near $6,780 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely approaching the next break either above $6,800… […]

Ethereum Classic Price Analysis: ETC/USD Surging Higher

Key Highlights Ethereum classic price gained heavy bids and surged above the $17.00 resistance against the US dollar. There is a crucial bullish trend line formed with support at $16.20 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is placed nicely in an uptrend and it could accelerate gains… […]

Ripple Price Analysis: XRP/USD Remains in Uptrend

Key Highlights Ripple price stayed above the $0.5250 support and bounced back against the US dollar. There is a crucial ascending channel forming with support at $0.5380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently in an uptrend and it is likely to accelerate gains above $0.5500… […]

Ethereum Price Analysis: ETH/USD Targets New Highs

Key Highlights ETH price found a strong support around the $525 level and recovered against the US Dollar. Yesterday’s highlighted important bullish trend line is intact with support at $518 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher and it may perhaps target a new high… […]

Tron (TRX) Price Watch: Correction Done, Aiming Higher

Tron Price Key Highlights Tron price bounced off the area of interest marked in an earlier post. Price is now making its way up to the swing high and the Fib extension tool shows the next upside targets. Technical indicators also support the idea of more gains for Tron. Tron price bounced off the resistance-turned-support… […]

Bitcoin (BTC) Price Watch: Imminent Rising Wedge Breakout

Bitcoin Price Key Highlights Bitcoin price has formed higher lows and slightly higher highs to create a rising wedge on its 1-hour chart. Price is bouncing off resistance and might be due for another test of support. Bitcoin price is also nearing the peak of the formation so a breakout might happen soon. Bitcoin price… […]

Bitcoin Price Watch: BTC/USD Testing Crucial Support

Key Points Bitcoin price started a downside correction after trading as high as $6,849 against the US Dollar. There is a major bullish trend line formed with support near $6,560 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair should stay above the $6,550 support and the 100 hourly simple… […]

Cardano Price Analysis: ADA/USD Struggling Near Key Support

Key Highlights ADA price failed to move above the $0.1700 level and declined sharply against the US Dollar (tethered). There is a major contracting triangle in place with support near $0.1560 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is at a risk of more losses below the $0.1560… […]

Ripple Price Analysis: Can XRP/USD Hold This Support?

Key Highlights Ripple price failed to move above the $0.5620 resistance area and trimmed gains against the US dollar. There is a key connecting bullish trend line in place with support at $0.5250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair has to remain above the $0.5250 support area… […]

Bitcoin (BTC) Price Watch: Make or Break at Channel Resistance

Bitcoin Price Key Highlights Bitcoin price looks ready to resume the slide after hitting the resistance at the descending channel. This lines up with the Fib retracement levels, adding strength to the ceiling. Technical indicators also support a continuation of the downtrend. Bitcoin price climbed to the top of its descending channel where sellers were… […]

Bitcoin Cash Price Analysis: BCH/USD’s Failure Near $900

Key Points Bitcoin cash price failed to move above the $900 resistance zone and declined against the US Dollar. There is a short-term connecting bullish trend line formed with support at $865 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair must stay above $860 and the 100 hourly simple… […]

SEC Oversee Ripple Investors’ Interests and Endorsement Important: Ripple (XRP) Technical Analysis (June 20, 2018)

While the crypto market is in a general bear slide, Ripple is amongst the top performers in the last 24 hours. To quantify, Ripple is up three percent rejecting sellers’ attempt to drive prices towards 40 cents which double ups as Q2 and April lows. 40 cents is basically a key support line in our… […]

To TRX Coin Holders: “Mainnet Launches Often Clip Price”: Tron, IOTA, Stellar Lumens, Litecoin and EOS Technical Analysis (June 20, 2018)

Over all, yesterday was a pretty good day for alt coins. Fact is we saw higher highs in most coins under our radar and spearheading this recovery was Tron. At some point, Tron was up 20 percent and this comes some five days before Tron’s mainnet launch which like others often come with dip in… […]