Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates the presence of a bullish trend on Ripple. At the moment, XPR is moving near the middle border of the Bollinger Bands indicator. Meanwhile, volumes are increasing, which leads to higher prices. Although sales for April 3 were above average, but bearish, the inability...
Days earlier, the Bitcoin’s rate rewrote the highs since November, at some point exceeding $5,300. However, it is not yet possible to push further growth, and BTC experienced a corrective pullback after touching these levels. Until now, movements in the cryptocurrency market are more similar to trading based on indicators and algorithms, rather than restoring a...
Analyzing the technical picture of the EOS on the daily chart, you can see that pushing off from the level of $1.55 after convergence on the MACD, the cryptocurrency develops another growth impulse. If this scenario is implemented, it will be a signal of a long-term bullish trend in the new cryptocurrency life cycle. The short-term target is located on the...
The dynamics of Litecoin quotes on the daily chart shows a rapid growth trend, which can create the impression of a reversal of a long-term downtrend, but so far this is only a correction from the previous wave of decline. A short-term goal may be local support at $ 71.40, while the primary one is at $ 60.20. The correction targets are at Fibonacci levels of...
Analyzing the daily chart of Bitcoin Cash, we see that the upward impulse has reached the resistance line of the correction channel and the level of 38.2% Fibonacci relative to the previous long wave of decline. A break of support at $ 143.00 will be a signal to reduce and update key minimums. The MACD indicator demonstrates stability and potential for further...
Last night, Ripple turned around at a maximum of $0,375 and, while falling, tested the support of $0,330. Buyers could restore the price to the vital point of $0,345, but bears renewed pressure and clearly wanted to test the level of average prices - $0,320. If the moving average EMA55 does not hold a bearish pressure, then rates will return to their previous...
Regarding the recent situation on the cryptocurrency market, it is worth considering a long-term picture of the BTC movements on the daily timeframe. In this range, it should be noted that the growth impulse has reached a correction level of 50.0% on the Fibonacci scale relative to the previous decline wave. In addition, the latest short-term growth channel is...
In the morning, Litecoin broke the resistance of $80 and set a new annual maximum around $85, increasing the capitalization to $4.9 billion and overtaking EOS. Cryptocurrency quotes are traded above the level of $55. Indicators suggest a possible continuation of growth, if the price tests the $100, the coin will be able to run into top 3 cryptocurrency list.
Over the last 24 hours Bitcoin Cash has rocketed over $250. Currently, the coin is seeing the most gains among the top 10 cryptocurrencies. Quotes continue to move within the growth, which indicates the presence of an upward trend. An additional signal in favor of the growth of cryptocurrency will be the test of the support level of $190,55. In order to support...
Yesterday Ethereum tested the level of $160 and continued to grow after a shallow pullback. The ascent to the new annual maximum lasted all night and reached $177 in the morning. The Stochastic RSI indicator is already in the overbought zone, but MACD indicates a possible continuation of growth. The main goal of bulls is the psychological mark of $200. But on...
After yesterday's high at $5,080, the price rolled back below 50% Fibo (4833.00 USD) and for a long time struggled with the resistance of this Fibonacci level. Tonight this point was reached and the pair almost recovered to yesterday's maximum. The next estimated level of resistance we are moving to is 61.8% Fibo ($5,236). Indicators have already entered the...
The day for Ripple has started with a positive sign. Stagnation has switched to a bullish rally. On the breakdown of local resistance, the position has been increased. Currently, quotes are moving in an uptrend. The ultimate goal is $0.43. Since the growth we observed at the weekend is not corrective, we now see the beginning of an impulsive upward movement, and...
Bitcoin not only broke through the upper level of the ascending corridor but also went beyond the upper line of the global descending channel. This picture is observed on all exchanges. In addition, the formation of a large triangle was completed, the upper corner of which coincided with the global resistance level. This makes the situation clear for the coming...
The price of Bitcoin Cash remains in a strong uptrend above $160. A new monthly high of about $172 was formed, and recently the price has adjusted downwards. The current price movement suggests that a larger range of activity is below the $170 and $172 resistances. On the other hand, immediate support is close to $162.5 representing the Fibonacci retracement...
EOS cryptocurrency rate rose above the psychological mark of $4,1113. This is the most notable growth of the currency since March 4. What’s more, the support line of $4.11 has been broken and the coin is trading at the point of $4.19. 2 days ago a hack of Bithumb exchange occurred, and the price of EOS underwent a certain correction, having lost 2.5% in relation...
Unlike Bitcoin and Ethereum, Ripple could not form bullish candles on the chart. This indicates, firstly, a possible reduction and, secondly, a lack of correlation with the main digital currencies, due to the specific nature of XRP and the presence of problems with regulators and within the project. During the recovery of other coins, XRP/USD was unable to...
Ethereum has similar movement patterns to Bitcoin. The main cryptocurrency directly influences ETH rate, when it goes down or up. The coin is trading near $142 and the Fibonacci retracement level of 50% of the last wave from a minimum of $137 to a maximum of $145. A breakthrough above levels of $143 and $145 is necessary for further growth. The next crucial...
BTC price continues to consolidate in the side range. When the coin reached the level of 4100.00 USD, the volume of buyers began to gradually decline. Indicators show a continued rise, and if traders keep buying BTC, the pair is likely to reach $4200 again. At this point, the Stochastic RSI will be out of the overbought area. Earlier on Bitfinex, the price tested...