Key Points Bitcoin cash price is holding the $1500 support area, but it is struggling to move above $1680-1700 against the US Dollar. There is a short-term contracting triangle forming with current resistance at $1680 on the hourly chart of BCH/USD (data feed from Kraken). The pair has to move above the...
Financial institution ratings agency, Weiss Ratings, have today released their first ever grades for various cryptocurrencies. Over 70 different coins were given ratings based on various criteria. These include “price risk, reward potential, blockchain adoption, security, and other factors”. The different scores are then collated and each currency is...
Cyber researchers at Fortinet have managed to unearth a cryptocurrency app that is actually a ransomware in disguise. The cybersecurity firm, in its report, indicated SpriteCoin app to be a new kind of ransomware technique. It poses as a “sure-to-be-profitable” cryptocurrency, prompts targets into installing it for profits, and encrypts...
With over 1,500 cryptocurrencies and tokens currently out there those that succeed need to be a cut above the rest. Anonymity and stealth transactions are in high demand as banks and governments strive to clampdown and gather identities of traders. One altcoin that has taken another step towards this...
For those not in the know blockchain forks are something of an enigma. Last year saw 19 Bitcoin forks but as many as 50 could occur this year. The most successful one at the moment is Bitcoin Cash which has caused a rift in the Bitcoin core community. Forks happen...
Key Highlights ADA price declined recently but it managed to stay above the $0.50 support against the US Dollar (tethered). There is a key bearish trend line forming with resistance at $0.5600 on the hourly chart of ADA/USD (data feed via Bittrex). The pair needs to overcome selling pressure near the $0.58...
Key Highlights Ripple price is trading below a major resistance at $1.42-1.44 against the US dollar. This week’s highlighted crucial bearish trend line with current resistance at $1.4200 is still in place on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must break the $1.45 resistance and...
Today, our altcoin analysis should be on Stellar Lumens inverted head and shoulder pattern and how buyers might be loading up their long positions. It’s all on maybes especially now we know that the trend is bearish right from the top. Anyhow, if it continues this way, the recovery might...
Key Highlights ETH price recovered a few points, but it faced strong sell offers near $985 against the US Dollar. Yesterday’s highlighted key bearish trend line with current resistance at $980 is still active on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is struggling to move above the...
Key Points Bitcoin cash price started an upside recovery from $1494, but failed to gain momentum against the US Dollar. There was a break above a connecting bearish trend line with resistance at $1600 on the hourly chart of BCH/USD (data feed from Kraken). The pair traded higher, but failed to retain...