Strcuture/Trend - Still in the looming downtrend, The XRP/USD has risen from its intraday low near 0.26699 to retest its September 5’s lower high near 0.32994-fiat. The pair yawned through the early trading session, consolidating sideways within a stiff range. The upside momentum began building only when the european markets woke up. And, quite abnormally, XRP/USD...
Structure/Trend - Ethereum (ETH) has suffered the most losses among the top 10 coins by market cap, down almost 11 percent over the 24 hour period, dipping below the $200 price point within an hour. The top altcoin still trading at $197 as of press time, losing its weekly gains, down around 0.6 percent over the past 7 days. Downtrend still looming.
Hypothesis -...
Structure/Trend - Bitcoin price on Monday depreciated against the US Dollar after consolidating sideways for the whole Asian and European sessions. The BTC/USD at the beginning of the US trading hours formed lower lows towards $6239. Before that, the pair was trading sideways owing to minimal momentum. It kick-started the Asian session with just shy of $6500 and...
Current Structure/Trend - From the BTCUSDT chart it could be easily perceived that the market is currently recovering with an uptrend of low momentum/volatility after the fall from ($7370) on the 5th to a level below ($6168) the depicted support ($6213.83). The 50-EMA is also changing direction.
Hypothesis - With the use of the Fib. Retracement tool on the 2-hour...
The coin has been sliding for seven days in a row with the bearish pressure getting stronger on the move below. The coin has settled at a psychological $400; once it is cleared, the downside may be extended towards $353 (2018 low) with no strong supports on the way that might have stopped the decline. On the upside, the price needs to get above $420 to mitigate...
From the technical point of view, LTC/USD is capped by 50-SMA (1-hour chart) at $76.82. Once it is cleared, the upside may be extended towards $78.66 (100-SMA) and psychological $80.00. On the downside, the support comes at Asian low around $74.80, followed by $73.80 (2018 low). It's expected to push for the bulls given it's oversold nature and the end of the...
EOS, the 5th digital coin by market value, is changing hands at $7.62 at the time of writing, down nearly 7% on a daily basis and -1.8% since the beginning of Tuesday. The coin is one of the worst performing cryptocurrencies out of top-10, down 15% since the recent peak reached at $9.34 on July 18. Due to its current oversold state and the range it has been...
