BeInCrypto

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XRP looks bullish

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Since this past Saturday, EOS has been in the green, blasting off by 56 percent before coming under resistance at the 0.236 Fibonacci level. Considering the stochastic RSI and the resistance levels above, EOS looks to be quickly losing steam. After some cooling off, EOS should be ready to smash through the $3 resistance to test the 0.382 or 0.5 Fibonacci level...

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Since falling off of a cliff at $6,400, BTC has been bouncing between a descending wedge leading to the $3,000 to $2,800 range. In the case that Bitcoin reaches $2,800, Bitcoin will have lost more than 85 percent from its previous all-time high, officially making 2018 the worst bear market in Bitcoin’s ten-year history. Today is the 363rd day since BTC began its...

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At first glance, it is clear that BNB has had its fair share of bloodshed in 2018, but it has actually fared quite well compared to nearly every other altcoin — even beating out big players like Bitcoin (BTC) and Ripple (XRP). At the time of writing, BNB is down 78 percent while the first and second-ranked BTC and XRP have lost 83 and 89 percent...

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It has now been nearly one year since OMG has reached its all-time high, and in that time span has lost more than 94 percent — an average loss when considering the total losses seen across the cryptocurrency market in 2018. Similar to the majority of other digital assets on the market, OMG has fallen from the top within the bounds of a descending channel (pink)...

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Between mid-September and mid-November, SUB was consolidating in the $0.10 to $0.13 range before falling to $0.04 last week. Similar to its movement hitting the $0.10 level, SUB bounced hard off of the bottom of the descending channel making a quick jump up before cooling off again. Considering the high stochastic RSI value and position on the chart, it is...

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TRX has fallen back within a descending triangle that is getting tighter as we move down. Last month, the price hit the top resistance of the triangle and plummeted through the $0.018 support and bouncing hard off at $0.012. The bounce was enough for TRX to nearly get back to $0.018 but was denied and has since fallen back to $0.015. Considering the stochastic...

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Tezos’ fall has presented itself in a fan formation and looks to be securely in the top half at the moment. Considering the high stochastic RSI value and recent bounce off of the top resistance of the fan, it is likely that XTZ is in for a further spill, possibly for another test of the midline support in the neighborhood of $0.35 to $0.37. The short-term trade...

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In the event of a head-and-shoulders scenario in technical analysis, we can predict how far the asset is likely to fall below the neck-line — the phase that ETC is currently experiencing. First, we need to measure the height of the all-time high from the neck, in ETC’s case $10 to $44, a 77 percent gain. If we apply the same percentage as a loss below the neck,...

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Last week, ADA slipped another 50 percent from the $0.07 support (orange) and bounced off of a new all-time low level of $0.035 (red). It looks as though ADA has found a new support and will most likely spend the next two months trading sideways to consolidate and establish a base. Unless Bitcoin (BTC) makes another serious move to the downside, ADA is in a great...

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As the price falls, it bounces hard off of the bottom support of the descending channel (blue stars) before topping out at the horizontal resistances and dropping back down another step to start the pattern all over again. Each step down has been roughly 50 percent of the step which proceeded it. Since showing some recovery at the $0.25 mark, it is likely that...

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Taking into account the Stoch RSI and the previous cycles in this bear market, Dash will most likely begin to establish a new support in the range of $75 to $80 and could potentially make a move up to the descending resistance in the neighborhood of $115. In the event that there is enough power to break out of the trend, the next move up could see the price...

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After taking huge losses since its January 2018 all-time high, the price sank to the $0.10 mark, where it stagnated and traded sideways throughout most of August through October — validating the level as a strong support and potential resistance. Since Bitcoin’s most recent decline, however, we have seen NEM continue to sink below the support — unable to...

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Taking a look at the daily chart, we can see that in the previous two cycles since falling from the top, the price bounced drastically off of the bottom support of the descending channel before returning back down to land on the horizontal support. This movement creates a ‘W’ looking pattern that looks like it will soon complete a third repetition of the...