Chainlink breaks several barriers becoming the week’s most improved altcoin. LINK/USD price action narrows under a descending trendline resistance as reversal builds momentum. Chainlink has been on most of the cryptocurrency traders and enthusiasts’ minds since the weekend session. The altcoin has not only broken several barriers but also attracted a great...
Tezos extends the weekend price action above $4.00 to test the resistance at $4.40. A reversal is underway mainly impacted by the formation of a short term rising wedge pattern. Some altcoins have been performing incredibly well over the last several weeks. The tokens have seen investors diversify their attention from Bitcoin to these smaller coins. This was...
Bitcoin Cash reclaims support above $300 as buyers build the momentum to take down the $400 resistance. BCH/USD faces increasing selling pressure at $310 ahead of the next key hurdle at $320. Bitcoin Cash price hit a wall at $326 in the wake of rallying prices across the cryptocurrency market. A flash drop occurred culminating in a devastating drop to $245 on...
Bitcoin price remains in the bullish hands with the path to $14,000 already curved out. BTC/USD potential for gains above $12,000 in the near term mounts with gains supported by most of the technical levels. Bitcoin has had a relatively impressive weekend session. The session was not ballistic like the one before it but it was great in the sense that Bitcoin...
Ethereum price starts to cave into selling pressure under $400. ETH/USD path of least resistance is downwards but support is anticipated at $390. Ethereum price for the first time in 2020 made it above $400 even beating the 2019 high around $361. A new yearly high was formed at $415.86 but marked the end of the magnificent bullish move. Due to high volatility...
Bitcoin price bulls are relentless in the fight for a breakout above $12,000. Delay in the price action above $12,000 could be the optimum condition to set the bearish pennant reversal action in motion. Bitcoin price has kept investors on their toes for almost three weeks now. After breaking out of a narrow range between $9,000 and $9,300 mid-July, the...
Ripple price stares into consolidation based on the sideways trending MACD. XRP/USD could soon spike past $0.35 following a tentative symmetrical triangle breakout. Ripple hit a monthly high at $0.3278 during the weekend session. The magnificent rally was then followed by a reversal that tested $0.24. Since then, effort and attention have been channeled...
Bitcoin price breaks out of short term consolidation between the 23.6% Fibo and the 61.8% Fibo to test resistance at $11,700. BTC/USD seeks higher support, preferably above the 61.8% Fibonacci level (former resistance zone). There is a growing resistance as Bitcoin closes in on $12,000. Nevertheless, there has been commendable progress since August 2 when...
Ripple attacked $0.25 resistance for the second time this week but tanked again. XRP/USD continues to deal with increased seller dominance as highlighted by the down-trending RSI and MACD. Ripple has been performing incredibly well this week. For the first time since February, the digital asset traded at $0.25. This was a significant improvement owing to the...
Bitcoin bulls are having an uphill task sustaining the price above $11,000. Another slide below $11,000 could easily plunge to retest support at $10,500. Bitcoin price is holding above $11,000, however, it has a bearish inclination in the short term. The trading on Thursday saw buyers revive the bullish momentum upwards but hit a wall at $11,200. A reversal...
Ethereum slips below $320 for the second time this week but support at $312 is still intact. ETH/USD requires a boost above $320 in order to make the final run-up for the triangle breakout eyeing $400. Ethereum bulls have for most of this week’s trading found it increasingly difficult to hold the price above $320. Note that, earlier in the week, Ether...
Bitcoin stays above $11,000 following a rejection from levels slightly above $11,300. Mike Novogratz. The CEO of Galaxy Digital believes Bitcoin is on its way to $14,000 by October. Bitcoin recovered the ground lost when it slipped under $11,000 on Tuesday. For a period of time, the largest cryptocurrency was stuck between the support at $10,800 and the...
Bitcoin price drops below the ascending channel after gains became unsustainable above $11,000. BTC/USD is staring into a possible freefall to $10,400 if the bearish biased technical picture remains unchecked. Bitcoin price is holding marginally under $11,000 following a rejection from the new year high around $11,434 (on Coinbase). The recovery from last...
Ethereum renews the bearish pressure under $320 in tandem with Bitcoin’s retreat under $11,000. ETH/USD is not in grave danger yet according to the trend of the MACD. Ethereum surprised many with its incredible rally from last week but particularly on Sunday. The second-largest digital asset cleared the resistance at a key symmetrical triangle. This coupled...
Bitcoin price eyes $12,000 followed by $14,000 after a break past the three-year downtrend resistance line. BTC/USD cup and handle formation suggest that this rally is unstoppable towards $20,000. Bitcoin price rally has officially commenced following eight weeks of tight range trading. The bulls are still building on weekend gains that saw Bitcoin breach the...
Ripple breaks out from a descending channel in favor of a brief rally testing $0.21. XRP/USD is in the middle of a retreat from $0.21; all eyes on $0.20 as the formidable support area. Ripple has tried extremely hard not to be a mundane cryptocurrency in terms of trading in July. First, the fourth-largest altcoin recovered from the losses incurred in June...
Bitcoin bulls take down the resistance at $9,600 but stalls before testing $9,700. BTC/USD is facing an increased selling pressure according to the downward sloping RSI. Since Tuesday, bulls have remained relentless in the push for gains towards the psychological $10,000. The return of volatility following extended motionless trading is still exciting among...
Ethereum price pulls above several resistance zones including at $250 and $260. ETH/USD rally takes a breather at $265 but there is still room for growth. Ethereum trading remained mundane for several weeks in spite of strong fundamentals within its network. While other altcoins rallied, Ethereum persisted in a range that was broken at some point last week...