Tag Archives: Technical

Bitcoin Price Weekly Analysis: BTC’s Short Term Rebound Likely

Key Points Bitcoin price traded to a new yearly low at $3,126 and later corrected a few points against the US Dollar. There was a break above a key bearish trend line with resistance at $3,220 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair may perhaps correct higher in the short term… Read More »

Ethereum Price Weekly Analysis: Upsides in ETH Remains Capped Near $98

Key Highlights ETH price declined recently and traded towards the $80-81 support area against the US Dollar. There was a break above a major bearish trend line with resistance at $84 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair may continue to move higher, but it could face sellers near the $98 and $100… Read More »

Bitcoin Price Watch: BTC Sellers Target Breakdown Below $3,000

Key Points Bitcoin price declined further and broke the $3,295 and $3,200 supports against the US Dollar. There was a break below a major contracting triangle with support at $3,355 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price traded to a new weekly low at $3,150 and it is currently correcting losses.… Read More »

Ethereum Price Analysis: ETH Could Extend Losses Below $80

Key Highlights ETH price failed to recover above the $90 resistance and declined recently against the US Dollar. There is a new connecting bearish trend line formed with resistance at $89 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to decline further below the $83 and $80 support levels in the near… Read More »

Bitcoin Price Watch: BTC Sellers Targets Fresh Weekly Lows

Key Points Bitcoin price failed to break the $3,475 and $3,485 resistance levels and declined against the US Dollar. There was a break below an ascending channel with support at $3,405 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may continue to move down towards $3,255 or it could even decline to… Read More »

Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis

Key Points The total crypto market cap broke the key resistance level near $105.00B. EOS price is up around 3%, but it is still trading below the $2.00 resistance. Bitcoin cash price is currently consolidating just below the $100 resistance area. Tron (TRX) remained confined in a tight range above the $0.0130 support. Cardano (ADA) price moved back… Read More »

Ripple Price Analysis: Risk of Bounce Grows In XRP Above $0.3100

Key Highlights Ripple price traded higher recently above the $0.3060 resistance against the US dollar. This week’s important bearish trend line was breached with resistance at $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to climb higher above the $0.3090 and $0.3100 resistances in the near term. Ripple price… Read More »

Ethereum Price Analysis: ETH at Potentially Significant Turning Point

Key Highlights ETH price remained in a bearish zone and it is currently trading below $90 against the US Dollar. This week’s followed important bearish trend line is active with resistance at $90 on the hourly chart of ETH/USD (data feed via Kraken). The pair may decline in the short term towards the $85 level or the $82… Read More »

Bitcoin Price Watch: BTC Hesitates, But Further Losses Seem Likely

Key Points Bitcoin price remains in a bearish zone below the $3,400 and $3,500 resistances against the US Dollar. This week’s followed key bearish trend line is in place with resistance at $3,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains at a risk of more losses if there is no… Read More »

Crypto Market Update: Litecoin (LTC), Bitcoin Cash, Tron (TRX), ADA Price Analysis

Key Points The total crypto market cap extended declines and tested the $102.00B level. Litecoin (LTC) price is struggling below the $30 resistance, with a bearish angle. Bitcoin cash price is currently consolidating near the $100 level. Tron (TRX) is currently flat near the $0.0132 level, with range moves. Cardano (ADA) price declined below the $0.0300 support level.… Read More »