Analyzing the Ethereum rate, it is clear that it is too early to write it off, as even Elon Musk tweets about it. Today, the CEO of Tesla posted in this Twitter profile just one word ’’Ethereum’’ which has caused lots of discussion on the Internet. However, this tweet can be a fundamental factor that has increased ETH’s rate up to 3% over the past 24 hours. Now...
It seems that there is no such fundamental factors that could pusht the price of XRP to new levels. Even about after the published report selling the highest sum of XRP in Q1 2019 the rate have not changed a lot. Based on the 1-hour chart, the positions of Ripple look weak; buyers have no intention to buy XRP. Despite the fact, that the RSI indicator is located...
The brainchild of Vitalik Buterin is struggling to get out from the bearish tendencies, however, noting fundamental has happened so far. Even the recent mentioning of Ethereum by Elon Musk did not give a powerful impetus to the ETH’s rate. Sellers are consolidating their efforts, as the number of shorts on BitMEX surpasses longs. Looking at the 30 minutes...
Despite the fact that Bitcoin enthusiasts are feeling positive about the future perspectives of the leading cryptocurrency, its rate keeps declining. This is also confirmed by the increasing of short positions which already prevail longs on Bitfinex. Getting down to the 4-hour chart, one can notice that from July 2018 we are still dominated by bears. However, if...
Concerning the long-term prediction, IOTA is still located under the bearish influence from the start of April. At the moment, the trend change is the 6000 satoshi area which was broken on April.16. A further growth can be supported by the increasing trading volume which has quadrupled just in a few hours. Overall, the IOTA/BTC trade pair has all chances to...
On the 1-hour chart the coin broke the support zone at 5500 Satoshi formed on April 22. Most of the time, the quotes were trading looking for the bounce back zone. Regarding the possible short-term scenario, IOTA should come back to the corridor 5200-5400 Satoshi and stay there for a short time to gain efforts for reaching new levels.
Among the top 3 coins, Ripple is showing the best dynamics, having increased by 0.51% over the last day. The possible reason for this is the recent news from Binance whose research division came to the conclusion that XRP is “the best diversifier among digital assets”. From the 4-hour chart, the Triangle pattern has been formed and the $0.30 mark is an important...
The second crypto in terms of the market cap is trying to move together with Bitcoin, however, currently it is losing few points against the background of the recent fall. On the hourly graph, the quotes of Ethereum are trading between the support zone at $150 and the resistance one at $158. The MACD indicator shows a reversal, and if that happens, ETH will...
After the Friday’s decline Bitcoin cannot still recover and confidently go up. Even the high trading volumes of Bitcoin futures on the Chicago Mercantile Exchange at $280 million could not help BTC’s rate to increase. According to the 1-hour chart, Bitcoin dropped to the $5,100 mark, however the bullish tendencies were not changed as the support at trend change...
If we look at the situation of XRP on the 4-hour timeframe from the point of view of technical analysis, it should be noted that the new wave of decline has reached the support line of a long-term scale. It is worth mentioning that the quotes have accelerated the decline and trying to break through the support line of the current corridor. Such a breakdown will...
On the 1-hour chart, there is a Triangle pattern, which closes at the $0.2990 mark. Nevertheless, there is a probability of successful fixing above $0.3. In this case, a rebound upward is possible. If this does not happen, XRP will remain in the zone of decline for the resistance of $0.2920. However, experts do not predict that this situation will be long-term....
The price of Ripple also has been corrected, however, its losses were not so noticeable as the Ehtereum fall. The quotes of XRP are located at the same levels as yesterday. Analyzing the 30-min chart, Ripple is trading sideways, trying to fix above $0.30. The vital support zone is $0.29, the break of which signs of a further decline. The MACD indicator shows that...
Ethereum has been influenced the most by the today’s fall, it has lost around 5% in its price. The rate of the second most popular crypto broke the support line at $154 and achieved even $146, but then could consolidate at above $150. If we apply the Fibonacci retracement to our 1-day chart, one can notice that the asset is located in the red zone (overbought)...
At night, the rate of the leading cryptocurrency dropped by $500 just over 2 hours. As we have mentioned above the cause of this is that Bitfinex was accused of using Tether to cover major losses. On the 1-hour chart, the price of BTC could even go below $5,000,however, a fast bounce back happened up to $5,300. If we look at the technical indicators, we see that...
On the 1-day chart, Ripple has been facing the pressure of bears for more than 6 months. At the end of December 2018 buyers tried to push the price, however, in the end, sellers decreased the rate to $0.30. The important zone which signs of a long-term trend change is $0.38., the break of which means that bullish trend is replaced by bearish.
Analyzing the 1-hour graph, Ripple is testing the psychological support level at $0.30, that bears broke yesterday but failed to fix it. The RSI indicator is located around the 60 mark, which is neither in the overbought no oversold zone. As we have mentioned above, a rise to $0.32 or above is unlikely to happen, as bulls need some time to gain their efforts and...
Even though Ripple has its own moving patterns and not always following the market mood, today’s fall was an exception from the rule. XRP is among the top losers out the most popular cryptocurrencies, as it has lost more than 6% of its price over the few hours. In terms of the technical analysis, the quotes broke an essential level at $0.30 and the lowest point...
Today’s rollback has affected Ethereum much more than the main cryptocurrency, however, it has influenced neither its market cap nor trading volumes. Technical analysis of Ethereum on the 1-hour chart indicates the formation of the Triangle pattern. In the short term, we should expect a rebound from the lower limit of the model near the $160 area. The the...