The end of Tuesday game some hope to Bitcoin holders, as its rate increased by around $200 just in few hours. Currently, the asset is trying to fix at the $5,200 mark. Last night, buyers managed to increase the volume and nightly recovery was completed on the approach to the level of 100% Fibonacci at $5,218. Based on the 1-hour chart, one can see that the...
In the ongoing fight for the top 5, EOS came out the winner, as its capitalization exceeds the LTC’s market cap by around $100 million. The bears did not give buyers the opportunity to gain a foothold above $5.50, so most likely the rollback will continue to the support level of $5.00. Around this area, the decline will stop and the price will begin to consolidate.
Yesterday, the price of Stellar Lumens came close to the important support level of $0.110, but rebounded above the resistance of $0.116. At night, the coin consolidated in the corridor $0.112- $0.113. If the bears can push it, then the price will be in the area of $0.105. It is likely that the price will start to recover from this area and Stellar will avoid...
If few days ago Litecoin was the 5th in the cryptocurrency ranking, now it is on the 6th place with the overall capitalization of $4.8 billion. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend. At the moment, the coin is trading near the middle border of the Bollinger Bands indicator.
Yesterday, Bitcoin SV lost 20% of its price on the background of the delisting from the Binance exchange. In this regard, other exchanges may also follow such example and get rid of BSV in the near future. From the technical point of view, the coin broke an important area at $63. Currently, it is trading near the levels of the end of November. At the moment,...
Ripple, after having reached a resistance level of $0.33, bounced back to the positions of the previous week trading at $0.31- $0.32. In order to go up again, XRP needs to rise above the 38% Fibo resistance. Currently, there is no signal for panic, as the coin still remains above $0.31, which serves a strong support level. The asset continues to consolidate near...
The second most popular cryptocurrency is following the example of BTC, however moving down even faster. On the 4-hour chart, one can see a possible formation of the ’’Head and Shoulders’’ pattern. Based on this figure, a rebound is likely to happen to the resistance level at $180. However, this scenario will occur only in case of high trade volume and general...
Currently, the main cryptocurrency is following the moving patterns of the previous week when BTC could not consolidate and corrected to its support levels. According to the 4-hour chart, an important support level still remains a psychological mark of $5,000, while the resistance area is at $5,200. If today the trade volume increases, then a breakthrough of 50%...
Over the last few days, Binance coin has shown an enormous performance by the market capitalization and now it is the 7th most popular digital asset. Taking into account the technical analysis, the coin came back to its previous resistance level at $19, based on the 4-hour chart. Analyzing the asset in the long-term perspective, one can see that the bullish...
EOS also well improved its position. The coin rose in price by 5.10% and reached the level of $5.56. Currently, an important area is $5.60, the beak of which serves a way to a resistance level at $6. EMA indicator shows a bullish trend, however one should not forget about possible rollback, as the price has already increased by 5% over the last 24 hours.
A new week has started for Litecoin much better than the previous one. Based on the 4-hour chart, MACD indicator show a return of the buyers and a possible bounce back. If this trend continues, the LTC’s rate is likely to reach $90 again by the end of the current week. Fundamental factors also support the bullish tendencies. Recently, Litecoin network hashrate...
Among the top 10 cryptocurrencies, the rate of Bitcoin Cash has increased by more than 8% over the last 24 hours. At the moment, the price is in the positive zone and trading above the support level at $285. In order to move further, one needs to consolidate near the $300 mark. On the other hand, direct resistance is around the $320 level, above which the price...
The nature of the XRP quotes, as well as the MACD indicator and the RSI oscillator show a recruitment position. However, there is no demand for high levels of Ripple. Each upward movement is extinguished, which leads to fluctuations within the range of $0.31- $0.36. The probability that the price will fall below $0.28 is extremely low. In this case, the Bollinger...
After the breakdown of the level of $156, the mark of $184 became a serious resistance, and it was not possible to break through it. At the moment the rate has fixed at around 0.38 Fibonacci retracement. If the price passes this mark down with a break of the 20-day EMA, this will serve a bearish sign. In addition, the number of traders making bets against...
At the beginning of last week, we saw an increase, but then there was a rollback to the support level of $5,000. Currently, the resistance zone is at $5,436. If the price breaks through this point, this mark will serve as a good entry opportunity. On the other hand, although the RSI indicator shows a bullish sign, it is in the overbought area. Based on these...
Cardano has entered the top 10 cryptocurrencies pushed aside Tron from the position. The rate of ADA failed to consolidate above $0.083, and fell below the support level of $0.082. Based on the technical analysis, there is a vivid ’’Triangle’’ pattern, where the quotes are located. Over the past 24 hours, the price of ADA/USD has decreased by 4%, and is now...
In rolling back from the annual maximum, the price of EOS has already managed to test the support of $5,65. Since trading volumes do not increase significantly, the pair could not keep this level. Bears are keeping their pressure and the price is moving to the region of $5,25 - $5,20. Based on the 4-hour chart, the $5,10 mark is the buying opportunity.
Few days ago, Litecoin was the top gainer, when its rate increased by around 10%. However, now the situation is vice versa. Moreover, it was replaced by EOS and moved to the 5th place in the main ranking of cryptocurrency. On the four-hour chart, the indicators have not yet reached the oversold zone and show a possible continuation of the decline. But in the area...