Archive | trading

Ethereum Classic Price Technical Analysis – ETC/USD Surges above $40

Key Highlights Ethereum classic price surged higher this week and moved above the $40.00 resistance against the US dollar. There is a connecting bullish trend line forming with support at $40.10 on the hourly chart of the ETC/USD pair (Data feed via SimpleFX). The pair may decline a few points in the short term, but […]

Ripple Price Technical Analysis – Can XRP/USD Break 100 SMA?

Key Highlights Ripple price is struggling to move higher and is currently trading below $1.0850 against the US dollar. There is a major contracting triangle pattern forming with resistance at $1.0700 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair has to move above $1.0700 and the 100 hourly simple […]

Bitcoin Cash Price Technical Analysis – BCH/USD To Make Next Move

Key Points Bitcoin cash price is trading above the $1,500 support and is preparing for the next move against the US Dollar. There is a short-term contracting triangle forming with resistance at $1,540 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is likely to break the triangle resistance at $1,540 and […]

Ripple Price Technical Analysis – Can XRP/USD Hold $1.00?

Key Highlights Ripple price after an upside move faced a strong resistance at $1.1500 against the US dollar. There was a break below a connecting bullish trend line with support at $1.0800 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair is currently holding the $1.00 support, but it is […]

Bitcoin Cash Price Technical Analysis – BCH/USD Breaks Short-term Support

Key Points Bitcoin cash price after a nice upside move found sellers near the $1,600 level against the US Dollar. There was a break below a short-term bullish trend line with support at $1,520 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently holding the $1,400 support, but it may […]

Chicago-Based Trader Stole $2M Worth of Crypto to Cover Bad Decisions

Fraud and theft are two very real problems in the world of cryptocurrency. Unfortunately, it seems these problems will only be getting worse as time progresses. One cryptocurrency trader in Chicago has been charged with fraud for allegedly stealing US$2 million worth of Bitcoin and altcoins from his employer. This action was taken to cover personal financial losses due […]

Bitcoin Price Weekly Analysis – BTC/USD Eyeing Further Gains

Key Points Bitcoin price made a nice upside move and traded above $9,000 and $10,000 against the US Dollar. There is a major ascending channel forming with current support at $10,150 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX). The pair may continue to rise and the next major resistances are […]

Ethereum Price Weekly Analysis – ETH/USD Bullish above $880

Key Highlights ETH price succeeded in moving higher this past week to trade above $900 against the US Dollar. There is a key ascending channel forming with support at $880 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair may continue to rise as long as the mentioned $880 support is intact. […]

Bitcoin Cash Price Weekly Analysis – Can BCH/USD Continue Higher?

Key Points Bitcoin cash price gained heavily this past week and moved above $1,400 against the US Dollar. There is a crucial bullish trend line forming with support at $1,480 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX). The pair may decline a few points in the short term, but it […]

Ripple Price Technical Analysis – XRP/USD’s Downsides Remain Supported

Key Highlights Ripple price traded as high as $1.1024 before starting a downside correction against the US dollar. Yesterday’s highlighted ascending channel with current support at $1.0080 is intact on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair may extend the current decline, but it is likely to find support […]

Ethereum Price Technical Analysis – ETH/USD Eyes More Upsides

Key Highlights ETH price is rising and is currently trading above the $920 level against the US Dollar. There is a key bullish trend line forming with support at $890 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair may continue to rise and it could even break the recent high of […]

Bitcoin Cash Price Technical Analysis – BCH/USD Zooms Above $1,400

Key Points Bitcoin cash price surged higher and it was able to break the $1,400 resistance against the US Dollar. There is a major bullish trend line forming with support at $1,350 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently correcting lower, but it remains well supported on the […]

Ethereum Classic Price Technical Analysis – ETC/USD Could Correct Lower

Key Highlights Ethereum classic price rose sharply this week and traded above $32.00 against the US dollar before correcting lower. There was a break below a connecting bullish trend line with support at $33.00 on the hourly chart of the ETC/USD pair (Data feed via SimpleFX). The pair may correct a few points, but the […]

Ripple Price Technical Analysis – Can XRP/USD Gain Upside Momentum?

Key Highlights Ripple price is finding strong buying interest near the $0.9100 level against the US dollar. Buyers are making an attempt to push the price above a bearish trend line at $0.9550 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair could accelerate higher once there is a close […]

Ethereum Price Technical Analysis – ETH/USD to Rise Short-term

Key Highlights ETH price is slowly moving higher and is currently trading above $830 against the US Dollar. There is a major bullish trend line forming with support at $832 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is likely to grind higher and it could even trade above the $860 […]