As it always happen on the crypto market, after a fast growth, a rollback should is supposed to happen. Bears are still dominating the market, as today’s correction is nothing critical; buyers are just fixing their profit to buy deep again. Now, one needs to attract attention to the support level at $4,780, the breakdown of which will indicate a resumption of...
On the 4 - hour chart, we see, that now a similar pattern is being formed that was at the end of December - start of January. After that, a consolidation occurred and the price was trading sideways. If we apply that situation to the current quotes, XRP should be in the green zone the next few weeks. As we wrote before, Ripple is not following neither bullish nor...
On the 1-hour chart, a strong resistance zone at $0.2900 was broken, however, later bounced back to $0.3000, where the quotes are trading now. From the start of April, we see that XRP is moving in the descending channel, having lost around 25%. At the moment, there are no signals that could influence the trend change. The MACD indicator also shows the bearish...
Bitcoin managed to break the crucial resistance line at $5,650 from November last year, however could not fix it and bounced back to the $5,600 area where it is trading now. $5,650 is a vital point on the way to $6,500 where the next resistance is located. Reaching new levels is possible only in case of high trading volumes. In this regard, if traders switch to...
On the 1-hour chart, the asset is located in the overbought area, which is confirmed by the Fibonacci retracement. BTC needs a rollback to accumulate its position, so a correction to the $5,422 mark (61.8%) is highly possible. On the other hand, the RSI indicator is moving to the overbought zone, however has not touched it yet. Supposedly, it can achieve it when...
The price almost XRP almost came back to the position of the first days of April, when its bull run started. Traders and investors are not showing too much interest in the coin, as its market cap has been stagnating since around the April 13 at $13 billion. Currently, the quotes are trading in the descending channel moving to the next support zone at $0.31, ,...
The second most popular cryptocurrency is moving in the directly opposite way. Over the last day, its rate has been reduced by more than 2%. On the 1-hour chart, we see that the price is on the way to break a support level at $167.25. If that happens, then the next aim will be $160. In this regard, bears are dominating in the short-term position. However, we...
Yesterday, the coin broke through the resistance of $5,500 and the retest of the upper limit of the green corridor. Now we are expecting an update of the annual maximum in the region of $5,700. It seems that the quotes of Bitcoin are trading out of logic, as the RSI indicator is showing the overbought, but there is no rollback. The trading volumes are looking for...
If we apply the Fibonacci Retracement to our graph, we can see that Bitcoin is overbought even in the long-term period. In order for the main cryptocurrency to continue its growth one should return to the green area (61.8%). On the other hand, the MACD indicator shows that the trend is definitely bullish and reaching new highs will happen for sure. Having...
The 1-hour chart shows that the powerful upward movement was accompanied by an increase in trading volumes. Currently, “digital gold” is trading in the area of $ 5,540- $ 5,550, which corresponds to the price values of mid-November last year. The next vital level is $5,600, however, buyers are not likely to reach it so fast, as the RSI indicator is located in the...
Ripple is the only coin out of the top 3 the rate of which is going down even against the US dollar. Currently, the asset has lost 0.13% comparing to its yesterday’s position. Taking into account the technical analysis, the situation has not been changed so far over the last day. It looks that XRP has its own patterns of growth and decline as the overall market...
Today’s Ethereum is not the exception from the majority of other coins, as its rate has decreased against BTC, however gone up in correlation to US dollar by around 2.5%. In the early morning the ETH’s rate managed to achieve $176, where it was trading 3 days ago, however it could consolidate there and rolled back to $174. Based on the 1 - hour chart Ethereum...
As it was predicted, the breakout of $5,500 was just the matter of time and Bitcoin finally managed to overcome this psychological level. On the 1-hour chart, we see that the price of BTC rocketed up to $5,650 and then rolled back to $5,540 and it is located now. On the possible reasons of such growth is the testing of NASDAQ the BTC trading interface. On the...
According to the 4-hour chart, it tells us that the quotes are trading at the lowest levels and bounce back should definitely occur. In this regard, let’s analyze MACD and RSI indicators. The first one explains that the coin is still in the bullish wave and achieving $0.33 and later $0.35 is the the matter of time. The RSI indicator is located in the oversold...
Analyzing the 4-hour chart, a crucial resistance level is $6, while the vital support zone is $5. Currently, the quotes are trading at their local minima since the beginning of the month. The RSI indicator shows the oversold of the coin with the important point of 60. If we apply this pattern to our chart, we can predict that $5.5 is equal to the data of the...
The new week has started for EOS even worse than the previous one, as its rate dropped by around $0.5 just in a few hours. Currently, EOS is the biggest loser among the top 5 coins, it lost more than 3% over the last 24 hours. On the 1- hour chart, there is a strong resistance zone at $5, which was broken yesterday. Currently, it is important to reach and...
Ripple is supposed to be a ’’dark horse’’ among the top 3 coins, as its rate has increased by more than 2% just in 1 hour. Last week, the dynamics of the XRP/USD pair was weakly correlated with the dynamics of BTC/USD. Until the middle of the week, Ripple recovered to the resistance of $0.3443, showing around 11% growth, and by the end of the week, the pair could...
Analyzing the 4-hour chart, it demonstrates a downward trend as well. At the same time, convergence is observed in the MACD indicator, which shows a weakening of the downward trend. Resistance in the current pattern is at $ 0.345. Its breakdown will be a signal for the development of the next bullish wave. The immediate goal of growth will be the level of $ 0.37.