This price analysis was absolutely mandated after the extreme price action for Ethereum in recent days.
Thus, this price analysis will be taking a look at what’s happened to Ethereum over the past few days/weeks, and develop a forecast for future price action via technical and chart analysis.
The first thing that we must...
Given Bitcoin’s recent positive price action, it seems fitting that we take a look at where it stands at currently and where its potential trajectory points us toward.
Most in the crypto community have observed the sharp increase in Bitcoin’s price action over the last 24 hours and, in particular, over the last week:
For those that have been following the price of Bitcoin over the last two weeks, you’ve probably noticed something pretty annoying:
The price is consolidating nonstop.
For the record, we’ve had 16 straight days of restricted, consolidated movement.
That’s over two weeks!
So this begs the question of, 'What will happen next?'...
We’re going to start this price analysis with a look at the hourly (H1) charts:
As one can see in the picture above, the price of Bitcoin has consistently failed to breach the overhead resistance at $3.6k-$3.7k for the last several periods on the hourly resolution.
This has occurred in conjunction with a waning RSI(14) ,...
After another successful Bitcoin price forecast that panned out, we’re back to take another look at Bitcoin and see where things may be headed next.
In the chart above, we can see that the price action for Bitcoin is revealing what would appear to be a ‘double top’ chart formation on the daily resolution.
This is another very interesting coin to analyze for a few reasons. The first of which would be the in-fighting between leadership on the protocol, which led to the development of two different projects:
Bitcoin Cash SV (Craig Wright + Calvin Ayre led)
Bitcoin Cash ABC (Core Team Implementation; Roger Ver + Bitmain led)....
Its been a long, long time since we’ve had the chance to look at $XLM. So, we’re going to take the time to do so now:
In the above chart, we’re in the H4 resolution.
However, before we cover what’s going on in that picture, here’s another one of the same chart resolution with a little more detail added for...
We’ve already reviewed Bitcoin and Ethereum at this point. So, it only makes sense that we move on to the next coin, which is $XRP.
Right off the bat, things look pretty bearish for $XRP. This is especially true when we look at its recent price action.
The most recent (and steeper) downtrend resistance that has formed has...
This is another really short-term price analysis. We're going to go ahead and take a look at Ethereum's price action and see what lies ahead in the future.
In the chart above, we can see that the price of Ethereum has soared over the past 3 weeks, appreciating by 97.39% against USD.
The bulk of that price action is due to...
Happy New Year to everyone reading this price analysis!
We’re going to start 2019 off right by diving into a fresh new Bitcoin price analysis.
So, let’s begin.
So, in the chart above there are a few things to note:
1. The green dotted line represents the price’s overhead resistance. This was a major support point for...
It has been a while since we’ve checked the price of Ethereum, and it appears that Ethereum has been racing to the stars ever since (from the previous localized bottom that it hit).
So, let’s go ahead and check out the charts to see what the approximate gains have been:
Perhaps what is even more remarkable is how the...
As an update to the last price analysis that was put out, let's go ahead and take a short-term look at the price of Bitcoin:
RSI(14) is still climbing progressively and the price has re-corrected itself.
Once again, the overhead resistance at $4.2k is still pertinent for Bitcoin.
For the time being, things appear safe on...
Let's go ahead and check out the most recent price action for Ethereum:
In order to get a better idea of future price action, we’re going to go ahead and ‘zoom in’ to some smaller chart resolutions (lower time frames).
H4 Chart Resolution for Ethereum
Based on what can be seen in...
After a few weeks of anticipation and a rather traumatic November, it appears as though Bitcoin has finally gained some life within it, posting sustained gains in consecutive days for the first time since November 10th-11th.
Given this new change in price action, let's go ahead and check out the Bitcoin price charts to see what we can make of the recent price...
$XRP is a coin that we have not covered in quite some time. Due to its bullish price action (relative to the rest of the crypto markets), we’re going to take some time today to see what in the world is going on with Ripple.
Without further ado, let’s go ahead and get to it.
$XRP Price Analysis
To start off with, we’re just going to look at the daily resolution...
For those that are following this market and are invested into this index, it looks like there is some consolidation that we can expect in the very near future at some point.
The Indian markets are not immune to the same thrusts, ebbs & flows of the general markets.
As of right now, the DJI is currently getting pounded and so is the SPY as well as any other...
So, given the recent volatility in the markets and the unexpected (for people not following Zerononcense/CryptoMedication) price action of Bitcoin, it appears that there is no review that would be better-timed than this one.
So let’s get into it, shall we?
Let’s just go ahead and start by recapping the events of the last few days to start off...
One of my favorite coins in the crypto space = Decred. Built from the btcd Bitcoin node implementation, the coin was created in 2016 as an alternative option to Bitcoin. Known as the first (and one of the only) true hybrid consensus algo coins, Decred was a game changer when they first popped on the scene.
Now granted, they have not reached the same market cap as...