Fundamental Analysis TRON has gained momentum after the project announced a $20 mln buy-back plan. The buy-back is done to promote community activity, will last for a year and will be conducted in several batches. It is likely to increase speculative interest in the coin. TRON / USD Short-term price analysis TRON has a bullish short-term trading outlook, with...
Fundamental Analysis VeChain has surged after the project announced the launch of the Walmart China Blockchain Traceability Platform, built on the VeChainThor Blockchain. The platform was built in cooperation with Walmart China, China Chain-Store & Franchise Association (CCFA), PwC, Inner Mongolia Kerchin Co., Ltd. It will help Walmart China to implement a...
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 March 2018. The four-hour time frame is showing that the BTC / USD pair has performed a strong technical breakout after invalidating a bearish head and shoulders pattern. Key technical resistance is...
Aeternity / USD Short-term price analysis Aeternity has a bullish short-term trading outlook, with the cryptocurrency spiking towards the current 2019 price high. The four-hour time frame shows that an inverted head and shoulders pattern has now formed, with the AE / USD pair reversing sharply from neckline resistance. Technical indicators on the four-hour time...
Fundamental Analysis ADA price is currently holding strong in anticipation of the Shelley upgrade. Recently, the project announced the release of the testing program, the first step in the rollout of the Shelley testnet. It will allow users to start testing Cardano staking mechanisms that will be used in the upcoming upgrade. Cardano / USD Short-term price...
Fundamental Analysis Zcash has been gaining momentum after the release of a new client, which should provide better security for the network. In April, Ycash announced a “friendly” hard fork which will happen on July 18th and launch a new coin. The Ycash project is independent from both the Electric Coin Company and the Zcash Foundation. Zcash holders will be...
Ethereum / USD Short-term price analysis Ethereum has a bullish short-term outlook, with the cryptocurrency testing back towards the current 2019 trading high. The four-hour time frame shows that bulls are close to invalidating a head and shoulders pattern and are attempting to trigger a major technical breakout above the $290.00 level. Technical indicators...
Fundamental Analysis DigiByte price is pumping after the partnership announcement with Netherlands-based company V-ID. In cooperation with V-ID, DigiByte is launching a new ID verification tool that will validate and verify the authenticity of social media profiles. The tool will also help to further increase awareness and adoption of the DigiByte Blockchain. ...
Fundamental Analysis Last week Binance announced that it will stop serving U.S. traders, which caused BNB price to suffer a major fall. However, it has been recovering on the strength of positive ecosystem news. First, Binance announced that it is planning to issue a number of tokens pegged to leading cryptocurrencies on Binance Chain. This will boost the number...
Fundamental Analysis RavenCoin has surged after the project has announced listing on the Crypto.com. Users will be able to purchase RVN using bank transfers and credit cards, which should increase the adoption and liquidity of the coin. RavenCoin / USD Short-term price analysis RavenCoin has a bullish short-term outlook, with the cryptocurrency still trading...
Fundamental Analysis QuarkChain continues to move downwards. In the recent community vote a decision was made to unlock all the delayed tokens at once. This increases the circulating supply of QKC and may provoke a sell-off. There have also been several large QKC transactions to Binance, indicating that large players may be getting ready to sell. QuarkChain /...
Fundamental Analysis Zcash has surged after its partner Parity Technologies announced the release of the alpha version of Zebra, the first Zcash client written entirely in Rust. Zebra exists to provide redundancy in the network and provides additional security in case of failure of the primary client, Zcashd. Zcash / USD Short-term price analysis Zcash has an...
Fundamental Analysis Ripple gained bullish moment after the project announced a strategic partnership with MoneyGram, one of the world’s largest money transfer companies. Under the terms of the deal, Ripple will invest up to $50 mln and acquire an 8% to 10% stake in MoneyGram. The partnership should provide an opportunity to make a case for xRapid, which directly...
OmiseGo / USD Short-term price analysis OmiseGo has a bullish short-term bias, with the cryptocurrency recovering back above its 200-period moving average on the four-hour time frame. The four-hour time frame is showing that a complex head and shoulders pattern is building, with the bearish pattern warning of a much stronger downside move to come. Technical...
Fundamental Analysis LINK has surged after the integration announcement with Google. The company is planning to allow Ethereum app builders that use Google’s software to integrate decentralized oracles using Chainlink. After the launch of the mainnet, Chainlink has been expanding its network of partners, which has helped the token build positive momentum. ...
Bitcoin / USD Short-term price analysis Bitcoin has a bullish short-term trading outlook, with the BTC / USD pair continuing to hold price above its 200-period moving average on the four-hour time frame. The four-hour time frame continues to show bulls and bears locked in a battle over the short-term, with a valid inverted head and shoulders pattern and a...
Fundamental Analysis Cardano price is growing on the expectations of the Shelley release*. The update should bring decentralization to Cardano with 1000 staking pools and hand the control of the ledger over to the community. Besides that, Shelley will include such developments as consensus and incentive fees, quantum resistance, multisig transactions, enhanced...
Ethereum / USD Short-term price analysis Ethereum has a bullish short-term trading bias, with the cryptocurrency recovering back towards critical resistance on the four-hour time frame. The four-hour time frame shows that a bearish head and shoulders pattern is close to completion, with ETH / USD bulls working hard to invalidate the bearish pattern. Technical...