Yesterday we saw a new increase above the resistance of $180. The pair struggled to maintain a bullish momentum and later corrected below this level. In addition, the Fibonacci retracement level of 61.8% of the last wave from a minimum of $174 to a maximum of $185 served as support. It seems that there is a connecting bearish line with resistance of about $182...
Despite the sales on Monday morning, the price of Bitcoin was able to hold above $5,100. Holding the position of this level at the beginning of the week will be the key to the continuing bullish momentum. Although this seems unlikely at this stage, a breakthrough upwards can lead to the fact that the BTC will quickly move to the price range from $5,500 to $5,700,...
On the daily timeframe, we can see that XTZ went as high as $1.16 at the end of March. However, there was not enough fuel to drive the price up, so it corrected and reached the bottom at $0.82, lower than the crucial line of resistance at $1. Fortunately, the bulls managed to bring Tezos past SMA200 & SMA50 for several times on the hourly, but they are still...
As it usually happens, after a long run, a rollback is inevitable. Over the last 24 hours Litecoin has lost more than 4%. Moreover, it was absorbed by Bitcoin Cash in terms of capitalization. In order to keep growth, a consolidation near $90 is needed. Only after that, we can talk about moving to new high, particularly to the $100 mark.
The price of Bitcoin Cash was the best among the top 10 coins, as it exceeded the resistance level of $300. The BCH/USD pair even reached the level of $320 and was trading close to the resistance level of $350. Recently, the asset showed a correction for the decline and dropped sharply below $300. The support of $275- $280 acted as a strong buying zone, which...
Ripple at the beginning of the week supported the growth of the market and broke through the upper limit of its favorite side range. The maximum is set at $0.3709, but this level has not reached the annual maximum, which was set in January 2019 at around $0.383. In the rollback, Ripple tested support for $0.35, which saved the pair from a deeper decline to the...
As for ETH, such a strong movement was not expected, so all the main positions were concentrated in other instruments. However, against the background of the growth of the entire market, the coin was also able to show a good gain. After breaking through the upper limit of the trading range in the region of $180, the price per day soared by more than 7%. The...
A week has started positively for Bitcoin, in the morning its rate reached the $5,300 mark. After a week of sharp growth, the Bitcoin price is in the overbought zone, so a small pullback is about to happen soon. It is worth mentioning that the fall in quotes did not reach 50% of the previous growth, so one can count on the continuation of the uptrend. At the same...
Analyzing the technical analysis of EOS on the daily chart, you can see that pushing off from the level of $1.55 after convergence on the MACD, the cryptocurrency develops another growth impulse. If this scenario is implemented, it will be a signal of a long-term bullish trend in the new cryptocurrency life cycle. The short-term target is located on the...
In addition to EOS, Litecoin has also surpassed Bitcoin Cash and now ranks 4th in terms of capitalization with a point of $ 5.4 billion. The maximum at the psychological mark of $100 has been replaced by the night minimum. Support in the $75 area stopped the deep price decline and helped the pair to recover to the level of $88. Further growth is hampered by the...
In the morning, the price consolidated around $290. On the four-hour chart, the indicators show a price reduction. As long as sales volumes have declined, the pair will be held in this area. But if bears are activated, the price may return to the area of $260. In case bulls resume buying, then significant resistance may limit growth at $407.
Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates the presence of a bullish trend on Ripple. At the moment, XPR is moving near the middle border of the Bollinger Bands indicator. Meanwhile, volumes are increasing, which leads to higher prices. Although sales for April 3 were above average, but bearish, the inability...
Days earlier, the Bitcoin’s rate rewrote the highs since November, at some point exceeding $5,300. However, it is not yet possible to push further growth, and BTC experienced a corrective pullback after touching these levels. Until now, movements in the cryptocurrency market are more similar to trading based on indicators and algorithms, rather than restoring a...
Analyzing the technical picture of the EOS on the daily chart, you can see that pushing off from the level of $1.55 after convergence on the MACD, the cryptocurrency develops another growth impulse. If this scenario is implemented, it will be a signal of a long-term bullish trend in the new cryptocurrency life cycle. The short-term target is located on the...
The dynamics of Litecoin quotes on the daily chart shows a rapid growth trend, which can create the impression of a reversal of a long-term downtrend, but so far this is only a correction from the previous wave of decline. A short-term goal may be local support at $ 71.40, while the primary one is at $ 60.20. The correction targets are at Fibonacci levels of...
Analyzing the daily chart of Bitcoin Cash, we see that the upward impulse has reached the resistance line of the correction channel and the level of 38.2% Fibonacci relative to the previous long wave of decline. A break of support at $ 143.00 will be a signal to reduce and update key minimums. The MACD indicator demonstrates stability and potential for further...
Last night, Ripple turned around at a maximum of $0,375 and, while falling, tested the support of $0,330. Buyers could restore the price to the vital point of $0,345, but bears renewed pressure and clearly wanted to test the level of average prices - $0,320. If the moving average EMA55 does not hold a bearish pressure, then rates will return to their previous...
Regarding the recent situation on the cryptocurrency market, it is worth considering a long-term picture of the BTC movements on the daily timeframe. In this range, it should be noted that the growth impulse has reached a correction level of 50.0% on the Fibonacci scale relative to the previous decline wave. In addition, the latest short-term growth channel is...