Price analysis of BTC, BCH, ETH, LTC and ETC for January 22. Resistance: $11,800 & $12,000, support: 11000 & $9,500 Data feed from AICoin Comments:After breaking below MA 7 during the slump yesterday, BTC has been hovering around it since then. Correction remains the main trend in the short term, making it...
Key Highlights ETH price declined heavily and moved toward the $700 level before recovering against the US Dollar. Yesterday’s highlighted connecting bearish trend line was broken at $1020 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair may continue to move higher, but is likely to face sellers near...
Price remains hovering without clear direction. Resistance: $12,200 & $13,000, support: $11,300 & $10,800. Data feed from AICoin Comments: The correction represented by the short lower shadow this morning is basically within our expectation. This time, though the rally has continued for a little longer and BTC is away from the bottom, the...
Key Highlights Ripple price is struggling to move above the $1.0250 level against the US dollar. There was a break below a key bullish trend line with support at $0.9830 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair could decline further towards the $0.9200 and $0.9000...
Bitcoin Price Key Highlights Bitcoin price continues to tread sideways and is still hovering around the bottom of its descending triangle on the 4-hour chart. Price looks ready for a bounce off support as a double bottom is forming. Bitcoin has yet to break past the small reversal pattern’s neckline around $14,000...
Key Points Bitcoin cash price gained heavily this past week and moved above $1,400 against the US Dollar. There is a crucial bullish trend line forming with support at $1,480 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX). The pair may decline a few points in the short...
Key Highlights Ripple price remains in a bearish trend below the $2.00 handle against the US Dollar. There is a declining channel forming with current resistance at $1.90 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently in a declining mode and it could test...
As the news about Ripple  intensifies, and also the anticipation of fast gains grows within the hearts of the company’s most ardent investors, there’s very little doubt that this altcoin can once more prove itself as a major player within the next months. With the Twitter feeds all droning, and some predicting a US$10 value target, it’s most likely time we tend all to take into consideration the potential of this...
Key Highlights Ripple price is struggling a lot to break the $1.3500 resistance against the US dollar. This week’s highlighted bearish trend line with current resistance at $1.35 is a solid barrier on the hourly chart of the XRP/USD pair (data source from Kraken). The pair has to move above $1.35, $1.40...
Key Highlights ETH price declined recently and traded toward the $900 level against the US Dollar. There is a key bearish trend line forming with resistance at $1030 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair has to move above the $1030 resistance and the 100 hourly simple...