Fundamental Analysis CRO is attempting to hold strong by continuing to get listed in exchanges. Last month the project was listed on Bithumb and Bibox, while a week ago the project announced its listing on OKEx. The trend will likely continue which will further add liquidity and drive demand for the token, though market dynamics are rolling back the temporary...
Fundamental Analysis Ren is gaining momentum prior to the launch of RenVM Testnet. The team has spent a month focusing on improving its stability and is getting close to the actual release. This is an important milestone for the project, since it puts it closer to the launch of RenVM Mainnet. Ren / Bitcoin Short-term price analysis Ren has a bullish short-term...
Dash / USD Short-term price analysis DASH has a bearish short-term outlook, with the cryptocurrency trading under its key 200-period moving average on the four-hour time frame. The four-hour time frame is showing that the DASH / USD is under selling pressure, with bears attempting to invalidate a large inverted head and shoulders pattern. Technical indicators...
Bitcoin / USD Short-term price analysis Bitcoin has a neutral short-term trading outlook, with the BTC / USD pair reversing back towards its 200-period moving average on the four-hour time frame. The four-hour time frame is showing that the BTC / USD pair has fallen below the neckline of a head and shoulders pattern. The neckline of the bearish pattern is...
Fundamental Analysis BitTorrent reports gains prior to the launch of its testnet today. The project sees itself as the “first major use case of blockchain by introducing the concept of cryptocurrency to 100 million users.” Although, the project does have a large user base, the success of blockchain integration to its platform is still questionable. Nevertheless,...
Litecoin / USD Short-term price analysis Litecoin has a neutral short-term trading outlook, with the LTC / USD pair consolidating around its 200-period moving average on the four-hour time frame. The four-hour time frame is showing that the LTC / USD pair has stopped creating bullish higher highs, leaving the cryptocurrency vulnerable to further...
Holochain / USD Short-term price analysis Holo has a neutral short-term trading bias, with the HOT / USD pair consolidating around its 200-period moving average on the four-hour time frame. The four-hour time frame is showing that a head and shoulders pattern has formed, with sellers repeatedly failing to ignite the large bearish pattern. Technical indicators...
Holochain / USD Short-term price analysis Holo has a neutral short-term trading bias, with the HOT / USD pair consolidating around its 200-period moving average on the four-hour time frame. The four-hour time frame is showing that a head and shoulders pattern has formed, with sellers repeatedly failing to ignite the large bearish pattern. Technical indicators...
Fundamental Analysis Zcash has shown a positive price trend during the last few days. Recently the Electric Cash project announced that it’s planning “to make Zcash usable by 10 billion people by 2050”, which will require a transfer to a completely new chain. The company is considering implementing sharding and making all transactions private by default, in...
Ethereum / USD Short-term price analysis Ethereum has a bullish short-term outlook, with the cryptocurrency testing still holding above critical support on the four-hour time frame. The four-hour time frame shows that the bullish target of the invalidated head and shoulders pattern has now been reached, with the ETH / USD pair moving sharply lower since...
Fundamental Analysis NEM is gaining momentum ahead of its Catapult upgrade. The project has recently launched a development studio to help with strategy and backend development. According to the President of Nem Foundation Alex Tinsman, “NEM Studios will be focused on creating a more user-friendly network that is built with the end-user in mind”. NEM / USD...
0x / USD Short-term price analysis 0x has a bearish short-term bias, with the cryptocurrency trading below its 200-period moving average on the four-hour time frame. The four-hour time frame continues to show a valid inverted head and shoulders pattern, with ZRX / USD pair slipping dangerously close to major technical support. Technical indicators on the...
XRP / USD Short-term price analysis XRP has a neutral short-term trading outlook, with the XRP / USD pair testing back towards its 200-period moving average on the four-hour time frame. The four-hour time frame is showing that the XRP / USD pair has reversed sharply lower, after briefly spiking above the 0.5000 level. A potential bearish head and shoulders...
Fundamental Analysis Chainlink’s uptrend momentum remains strong. Today the project announced its listing on Coinbase Pro. Trading will be available in all Coinbase Pro jurisdictions, with the exception of New York State. This will add additional liquidity to the coin, and increase the potential user base for the project. Chainlink / USD Short-term price...
Bitcoin / USD Short-term price analysis Bitcoin has a bullish short-term trading outlook, with the BTC / USD pair advancing to its highest trading level since June 2018 and spiking just shy of $13,000. The four-hour time frame is showing that the BTC / USD pair has extended well beyond the bullish target of the invalidated head and shoulders pattern. Key...
Fundamental Analysis OmiseGo has gained momentum after GO.Exchange announced that it is planning to use its profits to burn OMG tokens. GO.Exchange is a new blockchain project from OmiseGo team, and it marks a major milestone for the OmiseGo ecosystem. OmiseGo / USD Short-term price analysis OmiseGo has a bullish short-term bias, with the cryptocurrency...
Fundamental Analysis Crypto.com Chain has surged after the company announced that it’s planning to launch its U.S. Visa card in partnership with Metropolitan Commercial Bank on July 14, 2019. This will further increase the project’s user base, which should positively affect the demand for the CRO token. Crypto.com Chain / USD Short-term price analysis...
QTUM / USD Short-term price analysis QTUM has a bullish short-term trading bias, with the cryptocurrency surging to a fresh 2019 trading high. The four-hour time frame shows that a technical breakout is currently underway, with bulls triggering a large inverted head and shoulders pattern in action. Technical indicators on the four-hour time frame have turned...