On the hourly chart, we see that the quotes are moving down once the Head and Shoulders pattern is formed. LTC could not hold the $88 level, and bears pushed the coin below the support zone. The current price of Litecoin does not look the bottom, the rate may go down to one more critical level at $84, after which the bounce back is likely to happen. The...
Against the top 3 coins, Ripple is falling the most: its rate has reduced by 7.5% over the night. However, the coin is not going to capitulate, due to the relatively high trading volume On the 1-hour chart, Ripple is looking similar to Ethereum and has almost reached the support at $0.36. This is confirmed by the RSI indicator and Fibonacci Retracement. In this...
Even the positive news background could not keep Ethereum from falling; at the time of the writing, its rate has reduced by more than 7% against the US dollar. The quotes are trading according to the our scenario predicted a few days ago. Ethereum on the hourly chart has almost touched its bottom at the $230 mark. One can expect a rollback from this point to the...
Our BTC forecast made a few days ago is coming true, as the the coin is moving to expected $7,575. There is no fundamental reasons of today market dump; traders just fix their profits. On the hourly chart, it is noticed, that the quotes are located in the descending channel from May 20. Currently, the main crypto is trading between support level at $7,500 and ...
Our today prediction has already come true, as the price rolled back to $253 mark. While the asset located above $250, ETH tendencies are bullish. Moreover, the RSI indicator is about to touch the bottom, meaning the coin is almost oversold. In this regard, the nearest scenario is reaching $265 till May 25. The price of ETH is trading at $253.35 at the time of writing.
It looks that no news is needed for Binance Coin to rise, as there are no vivid reasons for today growth. Now, no one even recalls the hack of the Binance exchange, meaning that the community is more than sure in the platform stability. Our previous BNB prediction more than justified itself, the rate peaked at $30, fixing it ATH. In terms of the hourly chart, a...
If yesterday the ETH quotes were trading in one direction with BTC; today, Ethereum is doing much better, its rate has increased by 3%. On the 30 minute chart, the asset has been showing a steady growth since the May 20. The bullish trend is also noticed on the MACD indicator, as the coin is located in the ascending channel. In the long-term scenario ETH may...
The rate of the world’s top crypto has not changed over the last day; Bitcoin has been trading sideways for 3 days already. The same situation we could see one month ago, at the end of April, however, then, the quotes started to rise. At the moment, the price is following our earlier scenario, as the price movement is still valid for continued growth. There is...
Our BTC prediction made yesterday is coming true, as the quotes are looking upwards to the levels above $8,000. However, one should wait for a quick bull run to $8,500, as there are prerequisites for that. Neither MACD no the RSI shows strength. Taking it into consideration, BTC can touch the $8,200 mark, which is supposed to be the highest peak of the current...
Unfortunately, our XRP price prediction was not justified, as the expected breakthrough of $0.4100 did not happen. Currently, it is the biggest loser among the top 3 coins, as its rate has declined by around 2% over the last day. On the 30 minute chart, the situation does not look promising, as XRP has been trading sideways for 3 days already. Moreover, the MACD...
Ethereum is almost copying the BTC pattern, as its trading volume has also significantly declined over the last 24 hours. Although, there was no negative news regarding Ethereum, the current roll back was just the following example of the main crypto. Analyzing Ethereum on the hourly chart, one can see that nothing shows the potential uptrend. Currently, the...
The rate of the main digital asset has slightly decreased over the last 24 hours. As we have mentioned above, the possible reason of it is the refusal of Bitcoin ETF. The coin has been trading sideways for the last days, which might mean the possibility of the near correction, taking into account the historical snapshots. On the hourly chart, Bitcoin is located...
May 20 passed sideways and drew something similar to an expanding Triangle pattern. There were several attempts to break up, but with each new high price was returned back to the side. In this regard,, the expected Bitcoin ETF decline and the decreasing trading volume should push the price down once again before reaching a new high at around $8,600.
The XRP coin, which became one of the growth leaders last week, went beyond the lateral consolidation of $0.2860– $0.3630. The first goal in the form of cluster boundaries of $0.4000– $0.4100 (yellow zone) was easily broken through, and the price of the currency reached a resistance of $0.4700 from which the correction started back to $0.4100. In the case of a...
Relatively large volumes are flowing into ETH, the coin has quickened and over the past two days it looked even more confident than BTC. Our ETH price forecast came true, as the quotes reach $250 and could even surpass this mark. Currently, the asset is trying to fix at its support level. In a few days we can see the test of the $260 mark, and reaching $280 till...
Our previous BTC price prediction justified itself, as the coins made a 2 days pause trading near $7,500; however, then the $8,000 mark was reached again. The current consolidation occurs within $7,800– $8,200, and going beyond this may lead to the development of the uptrend movement. The way will be opened for a gradual reduction to a cluster of $ 7,375– $...
On the daily time frame, the vital consolidation zone, formed from September to November 2018, serves as an excellent resistance, meaning there is nothing to worry about in the global perspective. As the price keeps trading above that area, we are in the bullish cycle, which is also confirmed by the MACD indicator moving up. In the long-term, the market picture...
Just a few hours ago, Bitcoin and the cryptocurrency market showed a significant pullback, because within 20 minutes the main cryptocurrency dropped sharply by almost 20% (on the main exchanges, including Coinbase, Bitfinex, Gemini and Bittrex). The most tragic situation was at Bitstamp, when it reported a sudden collapse of up to $6,200. The exchange has...