Our previous BTC prediction did not come true, as the leading crypto jumped to $7,000 and could reach even the $7,500 mark. However, everything that is more the $,7000 is confirmation of Bitcoin strength but catching long position now is very risky and could be compared to buying Bitcoin above $15,000 in 2017. On the 4-hour chart, the RSI indicator is near the...
On the other hand, BNB looks promising in short time frames. According to the chart, bears could not push the price below $18.30, which is followed by a bounce back to $19 and above. The MACD indicator is bullish, so the coin has all chances to reach the $20 mark again in the nearest days.
The long-awaited BNB correction has finally started. The investment attractiveness of Binance Coin has grown so much lately that it has changed the natural flow of events, maximally delaying the beginning of the necessary rollback. Most likely this is only the first stage of the fall, as the price should at least go down to the accumulation zone at $15-17 to...
All people discuss Bitcoin or Ethereum, but there are many other promising top coins. Litecoin is a vivid example of such an asset. The reason why we have chosen LTC, but not any other crypto is today’s growth by more than 3%. Such a rise is backed by the release of Litecoin Core v0.17.1. This update includes a small change in the user interface, a new wallet...
The Ethereum quotes are following our yesterday forecast, however, a consolidation at $174.10 has not happened so far. Slowly but surely ETH is trying to copy the BTC’s movement patterns, but, for now, its rate has increased by 1.5% over the past 24 hours. Analyzing the technical factors, the quotes are located above the resistance level at $174.50. The MACD...
Even though the week has not finished yet, our Bitcoin price prediction is not coming true, as the expecting rollback has not occurred, and bulls keep pushing the price to $6,500. On the 30-minute chart, BTC is located near the overbought zone on the RSI indicator. In this case, we can see the formation of the Head and Shoulders pattern, according to which the...
Fortunately, our Bitcoin price prediction came true earlier than we forecasted, as BTC already reached $6,100. The cost of cryptocurrency rebounded from 100 EMA on the a 1-hour chart, so the FUD had almost no effect on the bull run even on a local scale. BTC/USD 1-hour chart All this indicates a strong interest of bulls in the further appreciation of the...
For now, our yesterday Ripple forecast is not coming true, as XRP has moved again below $0.30. Traders show no interest in trading XRP, as its trading volume has reduced by around $300 million since the start of May. On the hourly chart, the RSI indicator does not show the oversold of the crypto, even though the asset is located in the ascending channel for quite...
The top altcoin is stagnating, as its price change has no effect on the Bitcoin bull run. Currently, it is the only asset, whose rate has dropped by around 0.1% over the last 24 hours. Analyzing Ethereum from the technical point of view, nothing crucial has happened since yesterday. The Fibonacci retracement is located below the red zone (23.6%) signing that...
Our yesterday forecast met our expectations, as BTC managed to achieve not just $5,900 but even broke the psychological $6,000 mark. On the 1-hour chart the leading crypto striked to $6,000 and consolidated above this crucial resistance level. Accordingly, a new support area at $5,950 has been formed. Applying the technical patterns to our graph, MACD shows...
Surprisingly, but Ripple was not affected too much in terms of the price change, as most of the other altcoins. Its rate has dropped by 1.5% over the last 24 hours, while the trading volume has not changed much since yesterday. Looking at the 1-hour graph, XRP quotes moved below $0.29, but then bulls accumulated their efforts and pushed the price above $0.30...
In terms of the Ethereum analysis, a correction to $177 happened, despite the fact that the Ethereum 2.0 test network was released. This upgrade involves a transition to the algorithm Proof-Of-Stake (Casper), the implementation of sharding, and updating the virtual machine (EWASM). On the 30-minute chart, the Head and Shoulders pattern was formed, and the price...
Our yesterday forecast came true, as BTC reduced to $5,800 and even below against the Binance news. However, comparing to other coins, Bitcoin has lost just 1% over the past day, while most of altcoins have fallen by more than 2%. On the hourly chart, $5,800 remains the crucial level, which sellers broke yesterday. But, nothing serious has happened in terms of...
In terms of the 1-week chart, the moving average 12 EMA crossed the 26 EMA and moved higher. This is their first intersection since the start of the 2017 bull run. The RSI indicator has also reached the area dominated by buyers for the first time over almost a year. Here one can see the emerging global uptrend. Overall, traders can expect the $7,000 mark in the...
Currently, the rate of BTC is trampling at the resistance line of $6,000. It seems that the cryptocurrency will still overcome this mark by the end of the week. Now the bulls are trying to buy off every noticeable BTC pullback, keeping the asset within the ascending channel. In general, the market situation indicates the complete dominance of buyers. BTC is...
The Ripple quotes are not similar to price changes of other cryptocurrencies. The positive news background has no or little influence on the rate; however, the rise of other assets, particularly Ethereum, causes the growth of XRP. Our yesterday Ripple analysis looks promising, as the price has broken the $0.30 level and moving on the way to $0.31. At the moment,...
Ethereum is definitely the coin of the day, as its price has soared by more than 10% over the last 24 hours. As we mentioned above, the reason of such a rise is the decision of CFTC to start trading Ethereum futures. In addition, a derivative Ethereum-based contract can improve the pricing characteristics of the asset, as well as increase investor confidence in...
Our yesterday Bitcoin prediction came true, as the price continued its rise to the $6,000 mark. It seems that BTC does not intend to be adjusted for the time being, and will probably make another impulse. However, it is crucial to discard all emotions and understand how to make the most profit in this situation. On the hourly chart, Bitcoin broke a resistance...