Key Highlights Ripple price traded as high as $1.1024 before starting a downside correction against the US dollar. Yesterday’s highlighted ascending channel with current support at $1.0080 is intact on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair may extend the current decline, but it is likely...
Bitcoin Price Key Highlights Bitcoin price has broken past its inverse head and shoulders pattern neckline to show that an uptrend is in the cards. Price is hitting another upside barrier at its descending trend line, though, and this might prompt profit-taking. Technical indicators are also suggesting that the rally is overdone. Bitcoin...
Key Highlights ETH price is rising and is currently trading above the $920 level against the US Dollar. There is a key bullish trend line forming with support at $890 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair may continue to rise and it could even break the...
Key Points Bitcoin cash price surged higher and it was able to break the $1,400 resistance against the US Dollar. There is a major bullish trend line forming with support at $1,350 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently correcting lower, but it remains well...
Monero’s XMR has been seeing massive gains recently. This is despite a piece of malware that has been concerning the cryptocurrency crowd. XMR tested the $300 resistance level on Thursday after seeing its second consecutive bullish market sentiment. What is Monero’s XMR? Monero is an open-source cryptocurrency created in April 2014....
Key Highlights Ethereum classic price rose sharply this week and traded above $32.00 against the US dollar before correcting lower. There was a break below a connecting bullish trend line with support at $33.00 on the hourly chart of the ETC/USD pair (Data feed via SimpleFX). The pair may correct a few...
Key Highlights Ripple price is gaining momentum and is currently trading above the $1.0500 support against the US dollar. There is an ascending channel forming with support at $1.0000 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair may continue to rise in the short term towards...
Key Highlights ETH price is gaining upside momentum and it broke the $900 resistance against the US Dollar. Yesterday’s highlighted crucial bullish trend line with current support at $860 is intact on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is likely to move further higher and it could...
Key Points Bitcoin cash price traded above the $1,280 level, but it failed near $1,365 against the US Dollar. There is a short-term connecting bullish trend line forming with support at $1,280 on the hourly chart of BCH/USD (data feed from SimpleFX). On the upside, the pair has to break the $1,365-1,370...
Bitcoin Price Key Highlights Bitcoin price made an upside break from an earlier short-term consolidation pattern to show that further gains are possible. Zooming out to the 4-hour chart reveals that the next upside targets are at the 200 SMA then channel resistance. However, technical indicators are suggesting that the longer-term selloff...