However, while the price is in the lower register of the ascending channel, it is premature, just as in the case of Ethereum, to say that the threat has passed completely. The safe margin of movement from the current price of $0.87 is insignificant - only $0.02, while the critical level coincides with the 0.382 value of the Fibonacci retracement and the...
The surge in purchase volumes over the past 24 hours confirms investors' interest in Bitcoin Cash. Having formed the "double bottom" figure with a minimum of $1,230, the asset began the next growth stage and is attempting to overcome the previous high at $1,580. We believe that lateral trading will move to the upper level, which will become the launching pad for...
Ethereum buyers have attained an important achievement- the price was returned to the long-term ascending channel, formed in early April. Now, in case of correction, a price drop to $535 looks unlikely, but $575 remains possible. In order to stay within the channel, the bulls will need to do their best. Because of its steep slope, slowing down is not permissible,...
In the context of a generally positive mood, Bitcoin is growing as well, although it would make more sense if it fell. Buyers are not allowing the asset’s price to fall significantly, but it’s far from setting local records. It is hard to say right now whether this is a plan by some higher powers that need a stable Bitcoin to guarantee altcoin growth. In any case,...
There is still no cause for joy in the Monero camp. It’s true that the support of $230-$235 has held, but trade volumes are not indicating any enthusiasm from buyers, and the asset itself continues to move in the lower register of the descending channel. In the course of the day, we expect a repeat test of $235. If it does not hold (especially in case of negative...
A stable Bitcoin continues to give Ripple the opportunity to please investors. The ascending channel has held, and the price has formed some margin of safety. Until Bitcoin marches on to conquer the second decline target, this margin should be sufficient. The situation is complicated somewhat by the approach to the boundary of the descending channel. Its...
As we expected on Monday, after the fallback EOS continued to trade in the range of $17-$ 20, and the minimum price since the beginning of the week was $16. Buyer support was provided by the nearest level of Fibonacci retracement- 0.236. For now, trading volumes remain high, but yesterday the lion’s share of transactions was made up by sales, so in the upcoming...
During the previous day’s trades, before returning to initial values, Bitcoin reached our first decline target- the minimum was $8,818, we’ll consider an $18 error acceptable. Seller pressure was contained by the boundary of the descending channel, which received another confirmation as a result. Now, if the channel continues to be relevant, a new bear attack will...
The growth channel has been tested, but not broken, although we are under no illusion about its reliability in case of Bitcoin’s continued correction. Among negative points, there is the decline of trading volumes which began after the events on the exchange that we addressed on April 26. The nearest support, with a double confirmation in the form of a mirror...
We have not reviewed the Litecoin chart for some time, but were not particularly surprised by the nearly complete absence of significant changes. The asset left the ascending channel a week ago and since then has been trading in the narrow range of $145 - $155, showing a flatter movement than even Bitcoin. A more negative situation as compared to Ethereum is...
The hopeful news is that, unlike Bitcoin, it has not yet formed a descending channel, having rebounded from the nearest support in the form of the 0.236 Fibonacci correction at $630. The next support coincides simultaneously with the next mark on the Fibonacci grid, and with a solid mirror level at $575. We believe that achieving the second goal coincides with...
As we predicted yesterday, Bitcoin investors could not take the pressure of a prolonged lateral trade, so by the end of Monday the rate of the cryptocurrency started creeping down slowly, having fallen out of the ascending channel formed in mid-April. In addition, on the chart we see the formation of a narrow descending channel, which can become a haven for the...
During the last few days, things are not going well for Monero, and we note a decrease in investor interest. Having reached the mark of $300 in the middle of last week, the asset didn’t just enter a correction but also formed a descending channel. At the time of writing, Monero is trading at $245, the 0.382 value of the Fibonacci retracement. Next comes the...
In the context of global growth, NEO has reached its medium-term prospective goals, which we previously indicated- on Sunday, the maximum price was $95. There is another reason to rejoice: the asset has finally formed a simple and sensible ascending channel, making further analysis of price fluctuations that much easier. The nearest support zone is $80-$83, but...
Given the record growth that EOS showed since the end of the global correction (more than 500 percent), we can confidently say that the asset has firmly established itself in the top five, which means that we will give it more consideration in our reviews. After reaching $23, EOS headed for a correction the depth of which is 15 percent at the moment. The nearest...
With a high degree of probability, on Monday we will see not only a correction in the altcoin camp but also a slight reduction in the price of the main asset. This is based on the daily price graph, where the uncertainty-indicating Doji candle is replaced by bearish engulfing. On the four-hour chart, more familiar to our readers, we can clearly see that the key...
Unlike Ethereum, Litecoin has left the ascending channel and, given the turmoil in the market, it will have a difficult time returning there. At the time of writing, the asset is trading at an equilibrium price of $150 and is ready to follow in the direction where its commander Bitcoin will point. The diligence with which the remaining fans of Litecoin protected...
Ethereum investors can breathe a sigh of relief: the asset did not embarrass them and survived the correction with dignity. Even if we see a second wave of price declines, the coin has formed a margin of safety which will allow it to stay inside the growth channel for some time. The markup that we placed earlier also remains in force. The boundary of the...