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Chart for ETH/USD (4H)
Ethereum (ETH) has been in the eye of the hurricane for the last few weeks. The price has taken wild swings to both sides. The 4H chart above for ETH/USD shows that the price has to take a definitive stand now. Ethereum (ETH) has currently found support at the 0.786 Fibonacci retracement level which is a very critical level for the future price action of Ethereum (ETH).
Continue reading Ethereum (ETH)’s Fate Hinges On 0.786 Fibonacci Support at Crypto Daily™.
The price of Litecoin (LTC), the cryptocurrency often considered the silver to Bitcoin’s gold, recently bounced off a major technical support line after staging a full retrace from last year’s incredible bull run. Last week, Litecoin broke through $ 50, hitting a 12-month low of roughly $ 47.5, which was last seen in September of 2017. However, several major […]
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Abra, an all-in-one cryptocurrency wallet and trading platform, announced this week that it has added support for Bitcoin Cash (BCH) as a means to fund user accounts. We are pleased to announce that now you can deposit and withdraw bitcoin cash on Abra! Watch our CEO @billbarhydt and @rogerkver talk about the announcement and on all things #BCH […]
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Abra, a mobile cryptocurrency investing app, has added native bitcoin cash (BCH) support, allowing users to deposit and withdraw BCH directly, Abra announced on its website. Anyone who held BCH in Abra previously can now withdraw it to a hardware wallet or use it to make a payment on a merchant site. The app also
The post Abra Adds Native Bitcoin Cash Support, Wins Roger Ver’s Praise appeared first on CCN
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.
For well over a year now the Bitcoin Cash (BCH) protocol has shown quite a bit of capability as far as on-chain scaling is concerned. The creator of Bitcoin knew that the technology had to expand in scale quite vastly in order to accept the magnitude of global commerce and businesses on the blockchain. In the early days, Satoshi told people that the technology would follow alongside Moore’s Law with high-performance computing, and the past year has shown the BCH chain can scale to fulfill the needs of the global economy.
Also read: Sales Tax and Bitcoin in the United States Can Be Confusing
Bears remain fully in control of Bitcoin price, yet somehow, the $ 6,000 support is holding…for now.
After posting a daily high at $ 6,460, bitcoin price fell below the wedge formation and constant rejections at the 20-MA have kept BTC 00 in the pattern of lower lows.
Eventually, a bear flag formed and BTC continues to lose the hourly uptrend after every bull break so traders should either hold their powder or place tight stops in order to avoid being trapped by fake outs.
This week has not been off to a great start for crypto bulls and it looks like things may get worse in coming days, as the market just broke a key support line. The AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, has broken 70.5, which acted as support for the index multiple times […]
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Dash (DASH) may not be a game changer like Bitcoin (BTC) or Ethereum (ETH). Some may even call it a spin off coin or a copycat. However, there is no denying that Dash (DASH) has succeeded in such a level of mass adoption with its only use case being a spendable cryptocurrency. This has led many to believe that even if Dash (DASH) fails in the long run, it might still have succeeded in creating awareness, adoption and solving a real problem.
Leveraging technicals in cryptocurrency trading can be extremely difficult, especially when the market is so often driven by fundamental events that can quickly change the entire charting landscape. However, there are times where certain technicals can help guide swing trades, especially when looking at relative support and resistance points on the charts of key cryptocurrencies. Here, […]
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Ripple (XRP) has finally found support above the 200 week EMA as shown by the XRP/BTC weekly chart above. This might seem trivial considering Ripple (XRP) has broken a serious of EMAs during the past few months without putting up a fight. However, this time around, Ripple (XRP) seems to be completing a cycle in addition to finding a strong support. The previous cycle for Ripple (XRP) lasted a total of 273 days.
Ethereum (ETH) plunged deep into the red today as the price fell 11% in a matter of hours. The whole market nosedived as Bitcoin (BTC) fell back below $ 7,000 but Ethereum (ETH)’s reaction was one of the most aggressive as shown by the ETH/USD daily chart above. This can be attributed to the uncertainty and infighting surrounding Ethereum (ETH). The cryptocurrency has recently been the subject of debate among miners and developers as Ethereum (ETH) continues to ignore the demands of miners as it prepares to switch to Proof of Stake (PoS) from Proof of Work (PoW).
Against every bullish expectation, bitcoin price finally lost its latest upside today to growing bearish pressure. The BTC/USD on Wednesday plunged as much as 7 percent. The pair seemed to have overstayed its welcome near the resistance of our Rising Wedge channel. There was absolutely no buying sentiment visible around the area in the past
The post Bitcoin Price Intraday Analysis: BTC/USD Breaks Rising Wedge Support appeared first on CCN
Bitcoin (BTC) is an interesting point. The price has just found a strong resistance at the 21 Week EMA shown on the BTC/USD weekly chart above, but it has also found a strong support at the 21 Day EMA. What does this mean for Bitcoin (BTC)? If both of these 21 EMA resistance and support hold strong for the weeks ahead, this means that Bitcoin (BTC) will enter a phase of consolidation before its next move.
Ripple (XRP) has been trading sideways since mid August. The above chart for XRP/USD shows that the price has been consolidation on the 4H time frame after Ripple (XPR) tested its trend line. This consolidation has been taking place above the $ 0.31 level which has now become a strong support for Ripple (XRP). The price is unlikely to fall lower from here but the consolidation suggests that a rally towards $ 0.44 might be likely in the days ahead.
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Bitcoin on Friday lost almost 3% of its value against the USD in a bearish correction attempt post the latest rally. The BTC/USD today continued to its downward trend from the previous high around 7132-fiat. The Asian session kept the price under strict watch, so the pair remained stable. But traders started losing patience at
The post Bitcoin Price Intraday Analysis: BTCUSD Drops towards Strong Support appeared first on CCN
Ripple (XRP) just broke below 50 EMA on the4H timeframe as shown by the 4H chart for XRP/USD above. Normally, this would be the sign of another wave of correction but fortunately for Ripple (XRP), the price has found support at the strong 38.2% Fibonacci level which just happens to be at the same point as the lower limit of a rising wedge Ripple (XRP) has been trading in since the beginning of this August.
Some major cryptocurrencies and tokens have fallen by 5 to 15 percent in the past 24 hours as the Bitcoin price failed to remain above the $ 7,000 mark. Within 12 hours, the price of Bitcoin fell from $ 7,100 to $ 6,900, briefly falling below the $ 6,900 mark. While Bitcoin has stabilized in the low $ 6,900 region, … Continued
The post Bitcoin Price Falls Below $ 6,900, Traders See $ 6,500 as the Next Support appeared first on CCN
Bitcoin (BTC) seems to have made a recovery the last few days but since the beginning of this month, it has been trading in a big rising wedge that extends all the way to Bitcoin (BTC)’s downtrend resistance. The above daily chart for BTC/USD shows that the price has room to rally till $ 7,500 as mentioned in one of our previous analyses but any positive momentum at this stage will most likely be short lived as Bitcoin (BTC) risks falling back to the $ 5,800 support once it break out of the rising wedge.
