Key PointsBitcoin cash price failed to break the $1,500 resistance and continues to trade in a range against the US Dollar.There is a short-term bullish trend line forming with support at $1,400 on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair is likely to consolidate...
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Key PointsBitcoin price corrected higher, but upsides were capped by $8,800 and 100 hourly SMA against the US Dollar.The BTC/USD pair broke an ascending channel with support at $8,450 on the hourly chart (data feed from Kraken).The pair must stay above the $8,300 support level to avoid any further...
Key HighlightsRipple price corrected higher recently, but it struggled near the $0.7500 resistance against the US dollar.The XRP/USD pair is currently attempting a close below an ascending channel with support at $0.7000 on the hourly chart (data source from Kraken).The pair may is now at a risk of a...
Key HighlightsETH price started a nice upside recovery and moved above the $710 resistance against the US Dollar.There is a key bullish trend line with support at $710 forming on the hourly chart of ETH/USD (data feed via Kraken).The pair is currently correcting lower, but it remains supported near...
Key PointsBitcoin cash price recovered recently, but it struggled to break the $1,500 resistance against the US Dollar.There was a break below a short-term contracting triangle pattern with support at $1,450 on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair may decline a few points...
Key PointsBitcoin price declined sharply after it failed to move above the $9,500 resistance against the US Dollar.There is a significant bearish trend line forming with resistance at $8,900 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The pair may rise in the short term, but...
Key HighlightsETH price declined heavily this past week and moved towards the $640 level against the US Dollar.There is a crucial bearish trend line forming with resistance at $720 on the 4-hours chart of ETH/USD (data feed via Kraken).The pair is slowly recovering and is currently facing many hurdles...
Key PointsBitcoin cash price found support around the $1,275 level after a major decline against the US Dollar.There is a major bearish trend line forming with resistance near $1,500 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).The pair may continue to find sellers on the...
The cryptocurrency market turned upside down on Friday, having lost about $50 billion market capitalization overnight.With the exception of only Augur, Nuls, and Tether, the whole list of top 100 digital currencies are on the red. The dreadful sentiment seems to be a reaction to reports that South Korea’s...