ReadBTC

ReadBTC

After the Bullish trend which started on the 2nd of November, it seems that we have a crossroads again, as long as we are about to register the 3rd consecutive day of decreasing and the price is now "testing" the 20 days Moving Average which has the same value as the Support Level 1 of 0.2435$ For the ones who will consider a higher level of risk, the basic...

ReadBTC

The bullish trend has started on the 4th of November, once the price has crossed the 20 days MA and it was stabilized between the latest and the upper standard deviation of the Bollinger Bands. This trend was also confirmed once the price has failed to cross back the same 20 days MA, which in this case acted as a support level. From the technical perspective, we...

ReadBTC

After it was dropping since the 8th of November, the price has managed to break the 20 days Moving Average for the first time in 4 days and it seems to start a slight sideways movement for the short term. From the technical perspective the RSI has a neutral position, the Stochastic is indicating that the price may decrease while, according to the MACD, we can...

ReadBTC

After an increase of almost 56% since the 29th of October, it seems that the price of Bitcoin Cash has created yesterday another "peak" at the value of 648$. Although it didn't bounce back from the Resistance Level of 658$ the drop which started yesterday it's based on lower trading volumes and it seems to continue, as there are 3 technical indicators which are...

ReadBTC

Since the 30th of October, the price of Litecoin has registered a growth of 17.98% but it has failed to break the Resistance Level of 57.47$, meaning that another "peak" has been created. So far, we have a similar situation with the one for Iota, where excepting the MACD which is still indicating that the price may continue to increase, the rest of the indicators...

ReadBTC

After 3 consecutive days of growth, in which the price has been increased with 9%, the latter failed to break the Resistance Level of 0.5229$, meaning that another "peak" has been created. Excepting the MACD, which is indicating a possible continuation of the price increase, the rest of the technical indicators are showing the opposite scenario as it follows...

ReadBTC

After after the price has reached yesterday a 10.10% growth it failed to break the resistance level of 218$ and it bounced back, finishing the day with 6.06% higher than it started. Looking to the upper standard deviation of Bollinger which has been crossed by the price, we can consider normal to have a slight decrease for now, as a "correction". But on the...

ReadBTC

After the market went through a hard period, it seems that we are assisting to a slight "come back", with Iota being one of the coins which are leading the recovery process. The Stochastic's crossover on the 31st of October and the RSI's "oversold" position indicated these 3 consecutive days of growth but even if we had a price increase of 8.14%, the trend cannot...

ReadBTC

After 2 consecutive days of growth in which it has tested twice the Support Level of 419$, the price has bounced back, following the sideways movement that started after the drop on the 11th of October. Even if the trading volumes are still very low, Bitcoin Cash remains one of the most volatile assets from the major cryptocurrencies, with a daily moving average...

ReadBTC

Based on very low trading volumes, the price has started to decrease since 21st of October and it has also crossed the 20 days Moving Average, consolidating the bearish trend. At this stage, it seems that the RSI is heading slowly towards the "oversold" area while the Stochastic is indicating that there's no possible change of the direction for now. Also, the...

ReadBTC

After the sideways movement which started on the 22nd of October, the price registered an aggressive movement, this time downwards. The 20 days Moving Average has been crossed this morning and the price also went below the standard deviation of the Bollinger Bands. Bearing this in mind, together with the RSI which is showing an "oversold" position, we might be...

ReadBTC

Just like many other coins, the price of EOS also failed to leave the area between the 20 days Moving Average and the lower standard deviation of the Bollinger Bands, confirming the bearish trend which has started since the 16th of October. The trading volumes seems also to be lower and even if the RSI and the Stochastic are showing "oversold" positions, this...

ReadBTC

After it has failed 4 times to cross the 20 days Moving Average, the price also stabilized below the Pivot Level based as well on a low trading volume. It seems that the RSI is heading slowly but steady towards the "oversold" area, while the Stochastic and the MACD are clearly indicating that the price will continue to drop. As a possible target price, if...

ReadBTC

After it has failed twice to stabilize above the 20 days Moving Average, it seems that the price has one more attempt, this time on a bigger trading volume. The RSI is moving around the "neutral" area while the MACD's crossover is indicating that we might assist to a short term uptrend. If this scenario gets caught up and if the price will stabilize between the...

ReadBTC

After it has failed 3 times in the last 6 days to jump above the 20 days Moving average, the price seems to be close to cross the Pivot Level as well, looking for a confirmation of a bearish trend. This confirmation may come at the end of the day if the closing price will be lower than 0.4645$ because a red candlestick will be created and according to the...

ReadBTC

After yesterday's failed attempt of crossing the 20 days Moving Average, we could see today another negative evolution of the price, confirming the bearish trend which started on the 11th of October. Other factors that we might consider for this scenario would be the RSI which seems that is heading to the "oversold" area, the Stochastic's crossover which is...

ReadBTC

After 4 days of consecutive growth, the price of NEO has recovered more than 80% from the loss which was registered on the 11th of October. For now, it seems that the first obstacle in the way of going even higher is the 20 days Moving Average. If this level will be broken, we can consider that the price's position between the latter and the upper standard...

ReadBTC

Considering also the spikes we could see in the market today, Tron's price still seems to have room for improvement. Not only that it went above the Pivot Level but it also seems it will create a green candlestick above the 20 days Moving Average which will mean that the confirmation of the bullish trend is about to happen. The RSI jumped from it's neutral...