Tag Archives: Analysis

Bitcoin Price Watch: BTC/USD Remains Sell On Rallies Near 100 SMA

Key Points Bitcoin price declined further and traded below the $6,275 support level against the US Dollar. There are two bearish trend lines formed with resistance at $6,300 and $6,340 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains at a risk of more losses below the $6,250 support in the near… Read More »

Ripple Price Analysis: XRP/USD Sellers In Control Below $0.5200

Key Highlights Ripple price declined recently and tested the $0.5000 support area against the US dollar. There is a major bearish trend line in place with resistance at $0.5120 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently under pressure below the $0.5120 and $0.5200 resistance levels. Ripple price is struggling… Read More »

Cardano Price Analysis: ADA/USD Could Extend Declines To $0.072

Key Highlights ADA price failed to stay above the $0.0760 support and extended losses against the US Dollar (tethered). There was a break below a key bullish trend line with support at $0.0760 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may perhaps continue to move down towards the $0.0730 or $0.0720… Read More »

Ethereum Price Analysis: ETH/USD Extends Losses, $200 Holds Key

Key Highlights ETH price declined further and broke the important $206 support against the US Dollar. This week’s followed key bearish trend line is still in place with resistance at $208 on the hourly chart of ETH/USD (data feed via Kraken). The pair is under pressure below $208 and $206, which could result in more losses in the… Read More »

Litecoin Price Analysis: LTC/USD Turns Bearish Below $50

Litecoin price extended declines below the $50.00 support against the US Dollar. LTC/USD is under a lot of pressure below the $50.00 and $51.00 levels. Key Talking Points ADVERTISEMENT Litecoin price extended declines and traded below the $50.00 support (Data feed of Kraken) against the US Dollar. This week’s followed important bearish trend line is still in place… Read More »

Bitcoin Cash Price Analysis: BCH/USD Consolidating Near $500

Key Points Bitcoin cash price stayed above the $496 swing low and consolidated against the US Dollar. There was a break above a key bearish trend line with resistance at $510 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair struggled to move above the $530 resistance and the 100 hourly simple moving… Read More »

Bitcoin Price Watch: BTC/USD Could Tumble Below $6,250

Key Points Bitcoin price extended losses and traded to a new weekly low at $6,261 against the US Dollar. There is a major bearish trend line in place with resistance at $6,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is at a risk of more declines below the $6,275 and $6,260… Read More »

Ethereum Price Analysis: Close Below $206 Could Be Destructive for ETH/USD

Key Highlights ETH price is facing a tough resistance near the $209.00 and $210.00 levels against the US Dollar. Yesterday’s highlighted major bearish trend line is intact with resistance at $209 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate declines if there is a close below the $206 support. Ethereum price is… Read More »

Ethereum Classic Price Analysis: ETC/USD Could Tumble Below $9.00

Key Highlights Ethereum classic price is currently under pressure below the $9.25 support against the US dollar. There is a major bearish trend line in place with resistance at $9.25 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair remains at a risk of more losses below $9.00 if it fails to move… Read More »

Ripple Price Analysis: XRP/USD Consolidating Above $0.5000

Key Highlights Ripple price recovered a few points, but it faced sellers near $0.5250 against the US dollar. There is a short term bullish trend line formed with support at $0.5050 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may continue to consolidate above the $0.5000 support in the next couple of… Read More »