Ripple (XRP) had a long streak of bullish rallies these past few days as the price rallied straight through strong resistances from $ 0.25 to $ 0.50 in matter of just four days! That is a 100% increase in a period of four days. This rally is even more astounding when you consider that the rest of market is still at a standstill and there is no clear direction. Ripple (XRP) investors on the other hands seem to be very clear about where the market is headed next.
Ethereum (ETH) is in a strong descending channel since the beginning of the current market correction. The 4H chart above for ETH/USD shows us exactly how Ethereum (ETH) has found support at the bottom of the descending channel in the past and then rallied from there. It also shows us what happened at each point where Ethereum (ETH) failed to break the downtrend resistance of the descending channel. Ethereum (ETH) first ran into the downtrend resistance during the beginning of the correction.
Ethereum (ETH) rallied like a raging bull to the surprise of many yesterday. This from a cryptocurrency that had seen red days one after another and exhibited extreme weakness was completely out of the blue. The price seems to have bottomed out around $ 172 and those waiting for $ 150 might have missed the train already. The chart above for ETH/USD shows that the previous resistance at $ 200 has now turned into a strong support.
Having found acceptance above the key hurdle of $ 6,400, bitcoin’s corrective rally looks to be gathering pace.
Stellar (XLM) seems to be at a stage where it is just waiting for the rest of the market to recover. The weekly chart above for XLM/USD shows that the price has already closed four candles below the 21 Week EMA and could now close the fifth candle below the 21 EMA as well. This means that Stellar (XLM) has had its correction and the price is now range bound, waiting for the rest of the market to recover.
Ethereum Classic (ETC) has had an impressive run up for the past few days but the price is now at risk of falling below $ 14. The 4H chart above for ETC/USD shows that the price has now formed two candles on the 4H chart above the 10 EMA. However, Wave Trend analysis and RSI profile point to an imminent fall in the days ahead. It will not be easy though as the price will have to break the critical 21 EMA support in order to fall.
Bitcoin price on Sunday continued to stick to its uptrend path, recording as much as 4 percent gains against the US Dollar. The BTC/USD began the Asian trading session with a small upside push in continuation of the overall bullish momentum. As the day progressed, there was visibly a weaker selling sentiment towards the interim … Continued
The post Bitcoin Price Intraday Analysis: BTC/USD Surges Towards Wedge Resistance appeared first on CCN
Lisk (LSK) has found resistance at the 78.6% Fibonacci after a bullish spree the past few days. The daily chart above for LSK/BTC shows that Lisk (LSK) has slowed down after its aggressive rise the last few days against Bitcoin (BTC). An altcoin rally is around the corner and investors are looking at different coins to see which one will commence that rally. Lisk (LSK)’s bull run the last few days convinced many analysts that the cryptocurrency has finally found a bottom and is now looking for momentum to begin its bullish cycle against Bitcoin (BTC).
Bitcoin Price continued to establish new intraday highs on Tuesday bouncing from this week’s bottom near $ 6,559. The BTC/USD pair was hinting a strong push towards 7000-fiat while being on a slow-and-steady upside trend. Since its infamous 30-minute crash, the pair has come a long way to establish a new monthly high at 7127-fiat. On … Continued
The post Bitcoin Price Intraday Analysis: BTCUSD Testing Rising Wedge Resistance appeared first on CCN
Support and resistance levels help identify areas of supply and demand, and are an important aspect of price charts for traders to understand.
Cryptocurrency prices have seen some recovery after our last markets update four days ago when a large majority of digital assets lost quite a bit of value. Since then, and more so over the last 48 hours, the entire crypto-economy capitalization ($ 216B) has gained roughly $ 20B. The action yesterday was more bullish as most of the top digital assets were up between 6-20 percent but have since lost some of those gains during this weekend’s trading sessions.
Bitcoin price today tumbled 2 percent against the dollar, confirming a weak push by bulls in the current bearish bias. The BTC/USD continued to extend its prevailing upside momentum, breaking above 6500-fiat to establish 6620-fiat as its new intraday peak level. However, the absence of enough bullish sentiment around the peak area, also visible during
The post Bitcoin Price Technical Analysis: BTCUSD Capped by Strong Resistance appeared first on CCN
Bitcoin (BTC) has been in a constant downtrend for the last few weeks. The price crashed especially hard during the last few days. The price did break below $ 6,000, but contrary to expectations, the price found support at what was previously a downtrend resistance as can be seen on the BTC/USD daily chart above. The fall slowed down after Bitcoin (BTC) breached $ 6,000 but Bitcoin (BTC) was still expected to test the $ 5,800 support, which it didn’t.
The cryptocurrency industry is very volatile and strange at certain times. Price changes tend to occur when people least expect it, albeit that is part of what makes the industry so appealing to investors and speculators. In the case of the IOTA price, things are finally looking up after a few rough days. Maintaining this positive spell will be a different matter altogether.
IOTA Price Trend Shapes up Nicely
Even though there is nothing to be really excited about in the world of cryptocurrency right now, some currencies still note surprising gains at this stage. The IOTA price is a good example of how trends can emerge out of the blue when there should be no reason for any real changes. Some positivity is direly needed in the world of Bitcoin and altcoins, though.
It doesn’t happen all that often all of the leading cryptocurrencies are in the green across the board. Both the one-hour and 24-hour changes look incredibly promising as of right now. This positive momentum is pushing the Bitcoin Cash price toward $ 800 once again, which shows there is a lot of positive momentum looming ahead.
Bitcoin Cash Price Momentum Intensifies
It has been a very interesting weekend and start to the new week for all major cryptocurrencies. Since most people expected the prices to decline again after a pretty solid Sunday, it is evident that has not happened just yet. Instead, there is a renewed sense of bullish momentum, especially where the Bitcoin Cash price is concerned.
Mining hardware manufacturer Bitmain has announced the release of its new Antminer Z9 mini, an ASIC (application-specific integrated circuit) miner capable of mining any cryptocurrency running the Equihash proof-of-work (PoW) algorithm. This includes, most notably, Zcash.
The company made the announcement via its Twitter page:
“Pleased to announce the Antminer Z9 mini, an ASIC miner to mine #Equihash-based cryptocurrencies. To prevent hoarding and to let more individuals worldwide get one, we’ve set a limit of one miner per user. Order … now while stock lasts!”
The BTC markets have rallied to test resistance at the $ 10,000 area. Despite gaining 60% in just four weeks, BTC’s recent gains have been significantly overshadowed by those produced by many top performing cryptocurrency markets, including Bitcoin Cash – which has gained more than 225% since it’s early April lows.
BTC Markets Produce Four Consecutive Green Weekly Candles
The price of BTC has continued to make consistent gains, bouncing by almost 60% from the recent low of roughly $ 6,400 to the current prices of $ 9,600. When measuring the bounce in relation to the bear trend of early-2018, we can see that the price of BTC appears to be trying to consolidate at the 0.236% retracement area.
Bitcoin is looking bullish today, but must leap several resistance hurdles on the way to $ 10,000, chart analysis suggests.
A lot of things are happening in the world of cryptocurrency as we speak. With pretty solid gains over the past few days, it has become evident this momentum will not slow down anytime soon. In fact, the daily gains are getting bigger and better, especially where the XRP price is concerned. Despite all of the hate for this currency among cryptocurrency users, the value per XRP has risen to $ 0.875 once again.
Bitcoin price is flirting with key resistance on the technical charts and a move in either direction could be on the cards.