If for Bitcoin $8,000 is a critical level that bulls cannot reach, Ethereum is struggling to conquer its own mark, which is $250. On the hourly chart, ETH has been bullish since June 9 and there are no signals for the price drop for now. The MACD indicator confirms the buyers’ dominance on the market, as well as, the amount of trading volume which remains at its...
On the four-hour timeframe, you can see how the price is slowly going down the descending channel. At the same time, a fairly strong level of support is formed at the $7,500 mark, from which the price pushed for the last time on June 10. Along with falling volumes, bearish moods are aggravated by the downward slope of the MA 50, which on June 7 crossed the top...
Ripple is trying to consolidate above $0.40 according to our previous analysis; however, bulls are facing strong resistance from bears. Yesterday Ripple recovered in the orange corridor range. In the area of average prices, the pair turned to decline, but so far the lower limit of $0.392 keeps it from breaking through to the $0.370 support level. The pressure...
The price of Ethereum yesterday, as well as the cryptocurrency flagship, is stuck at the level of the moving average EMA55 and is not in a hurry to the 100% Fibo support ($222.98). Tonight, a local maximum is set in the area of $250. In the morning, the pair slipped slightly below the average price level, but there is still no clear pressure from the bears. It...
Our recent Bitcoin prediction came true, and the rate could get to $8,000, but then came back to $7,900.Yesterday, during the recovery, the price of BTC set a maximum at $8,090. It was assumed that in the area of average prices, the pair would turn to decline, but in the second half of the day, the average purchase volumes allowed the BTC price to fix in the...
Ripple returned to support in the form of a recently overcome cluster of $0.4000– $0.4100 after retesting the current year’s maximum point of $0.4700. The current week may confirm the formation of a Pennant consolidation model of technical analysis, which may lead to an increase in summer to powerful resistances at levels of $0.5000, $0.5200, $0.5681 and...
Ripple remains the biggest loser out of the top 3 coins; its rate has declined by almost 5% over the last 24 hours. Besides the technical factors, the price drop might have been caused by the hacker attack, when 23.2 mln XRP tokens (about $9.6 mln) were stolen from the GateHub service. On the hourly chart, Ripple has found the bottom in June; the rate went below...
The price of the leading altcoin is falling even faster than BTC; currently, its rate dropped by around 3% over the last day. Ethereum has not followed our scenario, and the price plummeted below the $240 mark. As ETH has lost more positions than BTC, its rate might recover faster. On the hourly chart, the line on the RSI indicator is looking up, confirming the...
Bitcoin is trying to find the bottom in June; its rate has decreased by more than 10% over the last 7 days. However, the rate may even go deeper due to delisting of Bitcoin futures from CBOE on June 19 June. According to our earlier prediction, the fall did not stop at $7,800 and quotes went below $7,700, where they are located now. If a few days ago, Bitcoin...
On the 30-min chart, Ripple is trying to hold the acquired positions after a bull run. However, now it is the time where traders might start fixing their profits. The resistance at $0.42 was already broken, and a rollback to the previous support at $0.40 is likely to occur until the end of the current week. The bearish MACD indicator backs such a scenario.
The ’’digital silver’’ is performing the best today, compared to other top 10 coins. Its rate has soared by more than 8%, and Litecoin is back on the 5th place in the global cryptocurrency ranking. The sharp price rise is followed by the increasing hashrate, which has jumped to a new high. Although Litecoin is bullish now; however, there is a high chance of...
Even though Ethereum has not shown significant price growth, the coin has given more profits to its holder than Bitcoin over the last day. On the 4-hour chart, Ethereum is about to touch the bottom in June, and technical pattern point out the nearest bounce back. Particularly, the RSI indicator is in the neutral zone, but its lines are moving upwards, suggesting...
Even though Bitcoin gradually dropped to $7,700, our previous scenario of reaching $8,000 until June 9 remains relevant. The prevailing number of long positions over shorts on BitMEX and Bitfinex confirms such a scenario. Bitcoin keeps trading sideways since June 4, and the community is expecting for a sharp move, whether up or down. Although the trading volume...
On the hourly chart, Bitcoin SV is looking bearish; however, it is not a surprise taking into the enormous growth the day earlier. At the moment, the coin has been dominated by bears since June 4, and the current does not look the bottom. Supposedly, BSV might plummet to the support at $190 shortly. After that, one should not wait for a fast bounce back, rather a...
On the hourly chart, XRP quotes are trapped within the Triangle pattern; there is a decrease in volatility in front of a strong movement. As the main trading idea, we can expect Ripple testing the lower boundary of the triangle model and then rise to its upper boundary. In the case of its breakdown and consolidation above the level of $0.4790, one should expect...
The second by capitalization of the cryptocurrency is adjusted as we predicted earlier, and at the moment there is a rebound from the lower border of the Bollinger Bands indicator. This can be a good signal for continued growth. As one can see, earlier this test provoked an increase from $145 to $280. The current situation looks similar, so we should expect an...
Even though the price of Bitcoin has increased by only 0.4% over the previous day, its quotes are trading according to our recent forecast, moving to the critical resistance at $8,000. Buyers' dominance is observed on the hourly time frame - RSI shows a bullish divergence, signaling the likelihood of a short-term recovery of BTC to $8,000. However, taking into...
On the daily chart, Ripple is looking more bullish; if the support at $0.38 is not broken we the coins remains dominated by buyers. The MACD indicator backs up such tendencies, locating in the ascending channel. Although the trading volumes have declined over the past days, their amount still prevails over the marks of 2018. Overall, in the long-term projection...