Tag: Technical

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

BITCOIN CASH, EOS, NEWSBTC
The total crypto market cap tested the $117.50B resistance and later corrected lower.EOS price is currently correcting lower and it may test the $2.40 support level.Bitcoin cash price tested the $130 resistance and it is currently moving lower towards $126.Tron (TRX) price remains in an uptrend and it could accelerate towards the $0.0300 level.Cardano (ADA) price settled above $0.0420 and it is currently consolidating in a tight range.The crypto market started a downside correction after yesterday’s recovery. Bitcoin (BTC), EOS, Ethereum, BCH, ripple, ADA and altcoins are approaching key supports where buyers could emerge.Bitcoin Cash Price AnalysisBitcoin cash price made a nice upward move above $126 and $128 against the US Dollar. BCH/USD even broke the $130 resistance level, but it fail
Bitcoin Price Watch: BTC At Continued Risk of Weakness

Bitcoin Price Watch: BTC At Continued Risk of Weakness

BITCOIN, NEWSBTC
Bitcoin price remained in a bearish zone below the $3,580 and $3,600 resistance levels against the US Dollar.There is a major bearish trend line in place with resistance near $3,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price is currently trading inside an expanding triangle with resistance near the $3,580 level.Bitcoin price started consolidating losses above the $3,480 support against the US Dollar. BTC is likely to face a strong selling interest near the $3,580 and $3,600 levels.Bitcoin Price AnalysisYesterday, there was a significant downward move below the $3,650 support level in bitcoin price against the US Dollar. The BTC/USD pair even traded below the $3,560 support level and the 100 hourly simple moving average. It spiked below the $3,500 support and ...
Ripple Price Analysis: XRP’s Recovery Could Face Major Hurdles

Ripple Price Analysis: XRP’s Recovery Could Face Major Hurdles

NEWSBTC, RIPPLE
Ripple price traded towards the $0.3100 level recently and later started a correction against the US dollar.There was a break above a connecting bearish trend line with resistance at $0.3180 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair is currently following an ascending channel with support at $0.3160 on the same chart.Ripple price is slowly recovering against the US Dollar and Bitcoin. However, XRP/USD is likely to face a lot of hurdles on the upside near the $0.3220 and $0.3250 levels.Ripple Price AnalysisYesterday, there was a sharp decline in ripple price below $0.3300 similar to Ethereum and bitcoin against the US Dollar. The XRP/USD pair even broke the $0.3200 support and settled below the 100 hourly simple moving average. It traded close to the $0.3100...
Ethereum Price Analysis: ETH Consolidating Below Crucial Barriers

Ethereum Price Analysis: ETH Consolidating Below Crucial Barriers

ETHEREUM, NEWSBTC
ETH price declined recently below $120 and tested the key $112 support area against the US Dollar.Yesterday’s highlighted important bearish trend line is intact with resistance at $118 on the hourly chart of ETH/USD (data feed via Kraken).The pair is currently consolidating below the $118 and $120 resistance, with a few positive moves.Ethereum price is placed in a bearish zone against the US Dollar and bitcoin. ETH/USD must break the $118 and $120 resistances to start a short term upside correction.Ethereum Price AnalysisYesterday, we saw a nasty decline in ETH price from the $125 swing high against the US Dollar. The ETH/USD pair broke the $122, $120, $118 and $115 support levels to move into a bearish zone. It tested the $112 support area where buyers emerged. Later, the price started co
Tron Price Analysis: TRX Trend Setting, Up 18% From Last week’s Close

Tron Price Analysis: TRX Trend Setting, Up 18% From Last week’s Close

NEWSBTC
Tron prices surge, adds 7.8 percent in the last dayJustin Sun hires former SEC official; crypto is no scamAccompanying recent surges are high trade volumesWhile most trading pairs register losses, TRX is a top performer and up 7.8 percent in the last day. At this pace, TRX bulls will likely drive prices towards 4 cents in coming few days.Tron Price AnalysisFundamentalsIn one of Nouriel Roubini tweetstorm, the NYU professor goes to great length discrediting crypto calling the burgeoning market a “4800 Pump & Dump schemes! Crypto is THE most manipulated financial market in ALL human history & manipulation of “assets” that are all shitcoins & worth ZERO. It makes the Wolf of Wall Street look like a naive amateur. And in spite of this sleaze shitcoins lost 95% this year!”It is for

Ripple Price Analysis: XRP Accumulation, Bull Pressure Building Up

NEWSBTC, RIPPLE
Ripple prices stable above 30 centsSWIFT—Ripple competition should heat up in coming daysTransactional volumes low and droppingXRP success depends on adoption. That’s why an increase in xRapid users is bullish for investors. Even still, the slide of XRP prices have been deflating, and after 12 months of lower lows, we expect Sep 2018 to guide medium to long term price trajectory.Ripple Price AnalysisFundamentalsAs long as SWIFT dominates, we expect determined competitors to step up their marketing, pitch to potential clients—mostly in areas where most are unbanked and without access to financial services. Such has been the effort of Ripple.With three main products—xCurrent, xVia, and xRapid, we can conclusively say they have been largely successful. However, they still have a long way to g
Bitcoin Price Analysis: $3,800 is Definitive for BTC

Bitcoin Price Analysis: $3,800 is Definitive for BTC

BITCOIN, NEWSBTC
Bitcoin Price drop 4.1 percent in the last dayWyoming could be the blockchain and crypto center in the USParticipation levels low, prices may consolidate in days ahead.Despite bullish fundamentals, BTC continues to cede ground against the USD. At spot rates, prices are steady and trending within our support zone. Unless otherwise there are sharp gains above $3,800, sellers may snap back to trend.Bitcoin Price AnalysisFundamentalsWyoming may be the center of crypto attention thanks to their openness and embrace of new technology, but the real deal is the endorsement from the United Nations.In their latest World Economic and Social Survey 2018 Report, a multinational organization made up of 193-member concluded that Bitcoin and cryptocurrencies, in general, were a new frontier in the finance...
Bitcoin Price Watch: BTC’s Trend Overwhelmingly Bearish Below $3,600

Bitcoin Price Watch: BTC’s Trend Overwhelmingly Bearish Below $3,600

BITCOIN, NEWSBTC
Bitcoin price failed to break the $3,750 resistance and declined sharply against the US Dollar.There was a break below a crucial bullish trend line with support at $3,620 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price is currently recovery, but it likely to face a strong selling interest near $3,560 and $3,600.Bitcoin price fell significantly below the $3,600 support against the US Dollar. BTC is currently trading in a downtrend and it could resume its decline if it fails to surpass $3,600.Bitcoin Price AnalysisThis past week, there was a slow and steady rise above the $3,600 level in bitcoin price against the US Dollar. The BTC/USD pair even broke the $3,700 resistance level. However, it seems like buyers failed to gain strength above the $3,750 level. As a resu...
Crypto Market Tumbles: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis

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

BITCOIN CASH, EOS, NEWSBTC
The total crypto market cap made a sharp U-turn and declined below the $115.00 support.EOS price is down around 5% and it broke the $2.45 and $2.40 support levels.Bitcoin cash price is under pressure and it recently broke the $125 support level.Tron (TRX) price failed to stay above the $0.0250 support and it could revisit $0.0220.Cardano (ADA) price declined more than 6% below the $0.0450 support level.Bitcoin and the whole crypto market fell sharply in the past few hours. BTC, Ethereum, ripple, EOS, BCH, ADA and altcoins are currently under a lot of selling pressure.Bitcoin Cash Price AnalysisBitcoin cash price failed to stay above the $130 support level and recently started a sharp decline against the US Dollar. BCH/USD declined below the $126 and $125 support levels to move into a beari...
Ripple Price Analysis: XRP Poised To Break $0.3000 Support

Ripple Price Analysis: XRP Poised To Break $0.3000 Support

NEWSBTC, RIPPLE
Ripple price is currently under pressure below the $0.3200 and $0.3180 support levels against the US dollar.There is a crucial bearish trend line formed with resistance at $0.3185 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair is likely to extend the current decline and it may even break the $0.3000 support area.Ripple price declined sharply below key supports against the US Dollar and Bitcoin. XRP/USD remains at a risk of more losses below the $0.3050 and $0.3000 support levels.Ripple Price AnalysisThis past week, we saw a decent recovery above $0.3300 in ripple price against the US Dollar. However, the XRP/USD pair failed on many occasions to clear the $0.3380 and $0.3400 resistance levels. As a result, there was a bearish reaction and the price declined below...