FutureBlockchain

FutureBlockchain Updated 

The Ripple company token is looking quite ugly at the moment. It’s 31 percent down since it peaked at $0.337 on February 14. As of the time of writing, the XRP/USD pair is trading at $0.229, right below the previously stable support line at $0.23. It is of critical importance for bulls to return back into the $0.25-$0.23 zone, otherwise, I fear we might be up for...

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Is Bitcoin on the brink of collapse right before the halving even though everyone was pointing towards a solid bull run in the days before to the event ? It is hard to answer since the leading cryptocurrency is acting quite strange recently and to me, the latest development around the Coronavirus COVID-19 outbreak is playing a major role. The global economy is...

FutureBlockchain

The last day of the workweek came with a brand-new green candle on the daily chart as the biggest cryptocurrency climbed up to $9,689. The coin successfully defended the 23.60 Fibb support level and was already looking for a return to the uptrend channel. The weekend of February 22-23 started with a small correction to $9,661 on Saturday. Then on Sunday, BTC...

FutureBlockchain

Is the XRP/USD pair already on its way to recovery or we are in for even more painful days? We saw the XRP token moving below the 20-day moving average and on Thursday, February 20 it lost more ground by stopping at $0.271. The coin was trading in the $0.261 - $0.281 zone during intraday. The last day of the workweek came with the formation of a fresh green...

FutureBlockchain Updated 

XRP was absolutely perfect in findings its support at $0.285 or Fibb 38.20 on February 17. It moved up to $0.30 on the next day, but bulls were rejected there, which lead to a drop below the 10-day EMA. The XRP/USD pair is trading at $0.291 - $0.30 range on Wednesday. What we are looking for here is a break of $0.30 and eventually, $0.31-$0.315, which was an...

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The most popular cryptocurrency perfectly rebounded from the Fibb 23.60 level at $9,535 on Tuesday, February 18 and preserved the uptrend by climbing up to $10,192. Buyers once again found themselves above the psychological level of $10k, but the middle line of that corridor already turned into a resistance line. The third day of the workweek saw bitcoin...

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The ether extended its gains to $281 yesterday, February 18 and was just a step away from the last registered high at $286. Today it is trading in the $274- $280 range, still struggling to make a new high. We need to closely monitor the $230-$270 area. As previously mentioned, the ETH/USD pair was ranging in there for more than 20 days back in May-June 2019 before...

FutureBlockchain Updated 

On Friday, February 14, Bitcoin climbed up to $10,361 erasing all losses from the previous session. It started the weekend by making a sudden drop to $9,889 on Saturday. The leading cryptocurrency lost 4.5 percent of its value and hit the 20-day Moving average. The BTC/USD pair remained flat on Sunday and closed the week with a 2.8 percent loss. In the first half...

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The last day of the workweek for XRP came with a highly volatile session during which the popular altcoin was trading in the $0.339 - $0.310 range, ending the day at $0.336. The weekend started with a significant price correction on Saturday, February 15. The XRP/USD pair followed BTC and the rest of the top coins and fell all the way down to $0.307, erasing 8.6...

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Bitcoin is trading in the $10,000 - $10, 500 area for the fourth consecutive session today. Still, bulls manage to keep the daily closure above $10,200, which is a good sign for the mid-term. On Wednesday and Thursday (12-13.02), BTC was rejected twice at $10,500 and since then is not able to consolidate properly and make its move to print a new local high. The...

FutureBlockchain Updated 

The short answer to that question is - well, it depends what happens from now and the next few days are very important. It is crucial to see how XRP reacts now when it is under pressure and if $0.26 - $0.28 zone will serve as a support. Last Thursday, February 6 the popular altcoin reached $0.282 after trading in the $0.267 - $0.287 range throughout most of the...

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The XRP/USD pair is now 28 percent up since January 26 when it broke the downtrend at $0.218. As of the time of writing, the coin is trading at $0.281, just a step away from the psychological level of $0.30. XRP formed 5 consecutive green candles of the daily chart and is now targeting $30, but not before stabilizing above $0.28. This level proofed to be a solid...

FutureBlockchain

On Monday, February 3, the BTC/USD pair peaked at $9,628 during intraday just to close way lower with a small loss to $9,281. The Fibonacci extension level at $9,185 (0.382) was the next major resistance in front of bears. The trading session on Tuesday saw the most popular cryptocurrency dropping further down to $9,157 after touching $9,071 in the early hours....

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On Thursday, January 30, the previously discussed consolidation in the mid-$9ks zone turned into a fact as BTC successfully avoided a break of the $9,200 line and climbed all the way up to $9,500. On the last day of the workweek, the coin was rejected at $9,500 but still managed to hold above $9,200 for the third consecutive day. The recently reached...

FutureBlockchain

On Thursday, January 30 the ether registered some solid gains by moving all the way up to $184, or 6.9 percent higher. Bulls, however, could not keep above the newly established year-to-date high and dropped down to $179 on the last day of the month. The ether was 39 percent up on a monthly basis. The trading session on Saturday started with ETH rebounding from...

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On Thursday, January 30, the popular altcoin formed another green candle and moved up to $0.243 pushing price 3.8 percent higher. The last day of the workweek once again proofed that neither bulls nor bears were strong enough to take over control of the situation. The coin fell down to $0.238 after trading as low as $0.233 during intraday. The XRP closed the month...

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The wanted consolidation in the mid-$9ks zone happened as BTC is successfully avoiding a drop below $9,200. Another FIbb extension level. On Friday, January 31, the coin was rejected at $9,500, but still managed to hold above $9,200 (for the third consecutive day) and today, February 1 moved back up to $9,430. The currently reached $9,450-$9,500 zone coincides...

FutureBlockchain Updated 

On Tuesday, January 28, bitcoin skyrocketed all the way up to $9,400 smashing both the $9,000 support and the year-to-date high of $9,184 on its way. The move resulted in a 5.6 percent increase. The mid-week session on Wednesday put an end to the uptrend as BTC was rejected at $9,440 and ended the day with a small loss to $9,291. In the early hours of trading on...