At first sight Ripple’s chart looks very similar to Ethereum’s one although there are very important differences which completely change the picture. We see the same bull’s wedge but with no support below the minimum of $0.44 that was reached on the weekend. This simply means that in case of bears’ victory in the fight for Bitcoin the prices may go to very...
Despite positive outlook on the chart, Ethereum was closely following the whole market’s and in particular Bitcoin’s moves. Top 10 coins don’t show any independence so it’s hard to predict further destination looking at alcoins’ charts although bulls and bears targets can be predicted with high degree of accuracy. The global bull wedge is almost completed and...
During past 24 hours Bitcoin price hardly changed with 1 percent gain, the father of Crypto is trading at $6,200. This however is perfectly normal after sharp rebound from $5,800. Nothing happens quickly on the market nowadays, bulls and bears are week and gathering forces before further move. The important things to note on the 4-hour chart are the following:...
The currency pair has added more than five percent in the past 24 hours but this is nothing more than a simple correction as XEM/USD established new lows during the weekend. XEM/USD stays below the descending trend line in the moment of writing. When we zoom in the Hourly chart we can see that the price has tested the support area at $0.1459 during the weekend...
The currency pair has added more than eight percent in the past 24 hours but the situation is still unclear as EOS/USD has suffered significant losses during the weekend and established new lows. We have drawn a descending trend line, but EOS/USD has successfully crossed it and stays above in the moment of writing. EOS/USD has reached the support area at $7.10...
Ripple has added more than four percent in the past 24 hours, but the currency pair is still negative as we can see that it has reached new lows on weekend. We have drawn the descending trend line which prevented the price from going above during Saturday and Sunday. However, XRP/USD is in correction on Monday. Ripple followed its allies and tested new lows during...
The currency pair has added less than two percent in the past 24 hours. However, as we can see it on the chart, Ethereum suffered significant losses on weekend. The currency pair resumed its downtrend and stays below the descending trend line. When we look closer at the Hourly chart we can see that Ethereum has tested the support area at $431.42. The currency...
The currency pair has added more than four percent in the past 24 hours. However, we have mentioned above that BTC/USD established new lows on weekend and reached $5,800. Bitcoin was unable to develop its downside progress and started a correction. Let’s have a closer look at the situation on the Hourly chart. Bitcoin has tested the support line at 4.236...
The currency pair has lost more than four percent in the past 24 hours. XEM/USD develops its downside momentum in the moment of writing. Bulls and bears seem to break the balance but it is unclear whether sellers will be able to develop their progress. Let’s have a closer look at the Hourly chart. XEM/USD tried to break through the resistance area at $0.2002....
The currency pair has lost almost five percent in the past 24 hours. EOS is weak currently due to the problems with Mainnet. The currency pair has left the big triangle on the Hourly chart and develops its downside momentum. Let’s have a closer look at the Hourly chart. The currency pair has tested the resistance area at $10.76 several times but retreated as...
The currency pair has lost almost three percent in the past 24 hours. Ripple remains flat together with other allies from the Top-20. XRP/USD seems to start growing in the nearest future, but bulls and bears are still unable to break the balance. When we look closer at the Hourly chart we can see that the price has tested the resistance area at $0.5444 but failed...
Ethereum has lost more than four percent in the past 24 hours. The currency pair in general grows along the green ascending trend line on the Hourly chart. This upside tendency is still very weak and fable, but it gives hopes to bulls. When we look closer at the Hourly chart we can see that the price has tested $540.69 but failed to move higher and retreated...
The currency pair has lost less than two percent in the past 24 hours but when we deal with the situation in general, there is no tendency currently as Bitcoin stays within the large horizontal range. There is a very slight crack about the possibility to run higher. However, neither bulls nor bears are ready currently to break the balance. Let’s have a closer...
From the list of top 50 altcoins Ethereum Classic is showing the most rapid recovery, surging 15 percent in 24 hours. The reason still lies behind announcement of listing on Coinbase which caused sharp spike in trading volumes unseen since February. Considering that coin’s all-time-high was set at $47, there is enough space for considerable increase of current...
EOS has been on fire recently: the long-awaited mainnet launch was followed by accusations of high-degree centralization and blocking of several accounts in an attempt to stop coin thefts. However despite some fundamental problems, from the view of technical analysis the main Ethereum competitor is doing very well. Although EOS is still moving in descending...
In comparison with other top altcoins Ethereum looks good for the several reasons. First, and the most important – during long May’s and June’s downtrend the coin didn’t updated March’s minimum (when even Bitcoin was very close to it). Second, after first shy evidences of possible market reversal ETH recovered faster that most of cryptos. Breaking through...
The flat movement will not last forever and we believe that the next couple of days will finally reveal Bitcoin's (and the whole market's) further destiny. On the daily chart one can notice an intersection of the long-term descending channel (marked in red) and young ascending trend (thin green line). The situation becomes even spicier if we look at close...
NEM has lost more than four percent in the past 24 hours, but the currency pair still remain neutral in general as bulls and bears have found balance currently and hesitate to make any further steps without new fundamental drivers. When we look closer at the Hourly chart we can see that the currency pair stays within the range currently. XEM/USD has tested the...