Key Points Bitcoin cash price is consolidating in a range above the $1500 support against the US Dollar. There is an ascending channel forming with support at $1600 on the hourly chart of BCH/USD (data feed from Kraken). The pair has to break the $1720 resistance level to gains upside momentum toward...
On March 7 a report addressed to the Tokyo District Court revealed that a Mt. Gox bankruptcy trustee – Nobuaki Kobayashi – may have contributed to the three month downtrend in the cryptocurrency market. Over the past three months, Nobuaki Kobayashi has sold over $300 mln in Bitcoin on two...
Key Highlights Ripple price managed to move further higher and it broke the $1.50 resistance against the US dollar. There is a short-term bullish trend line forming with support at $1.50 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is placed nicely above the $1.45 and...
Key Highlights ETH price recovered well from the $1,009 low and is currently trading above $1,110 against the US Dollar. Yesterday’s highlighted major bearish trend line with resistance at $1,090 was broken on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is currently showing a lot of positive signs...
RaiBlocks price failed to stay above the $25.00 support and traded lower against the US dollar. XRB/USD is recovering, but it is facing sellers near $24.00. Key Talking Points RaiBlocks price traded lower recently and formed a low at $18.98 against the US dollar. There is a major bearish trend line forming...
With closing in on the end of the day Monday out of Europe and all we can say about the session today is that the bitcoin price and its volatility has not been for the fainthearted. Right now, things are trading in and around $10,500 – down considerably on...
Key PointsBitcoin price failed to break a major resistance area near $9,400 and declined sharply against the US Dollar.There is a major bearish trend line forming with resistance at $9,380 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is now trading well below the...
It is Friday morning out of Europe and it is time to take a look at how action overnight played out in the bitcoin price and, in turn, how we can try and use this action to formulate a strategy going forward. As many reading will probably already be...
After correcting the final streak of losses earlier this week, Ethereum consolidates between key pivot levels for the third day in a row. This comes as Ethereum’s rival, Dfinity, raises $61 million for its product. What could be next for Ethereum? Here’s a quick overview. Ethereum Consolidates Below Daily Ichimoku Cloud After...
Key Highlights Ripple price is currently moving inside a range below the $0.7300 resistance against the US dollar. There is a short-term contracting triangle forming with support near $0.6900 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair looks set to make the next move either above...