Tag Archives: Analysis

Bitcoin Cash Price Analysis: BCH/USD Facing Uphill Task

Key PointsBitcoin cash price found support near the $1,220 level and recovered slightly against the US Dollar.There is a short-term bearish trend line forming with resistance at $1,340 on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair is facing many hurdles on the upside near $1,340 and $1,350 resistance levels.Bitcoin cash price is slowly… Read More »

Bitcoin Price Watch: BTC/USD Made Sharp U-Turn

Key PointsBitcoin price failed to capitalize above $8,800 level and declined sharply against the US Dollar.BTC/USD broke this week’s ascending channel with support at $8,500 on the hourly chart (data feed from Kraken).The pair settled below a key support at $8,400 and the 100 hourly simple moving average.Bitcoin price made a sharp U-turn from $8,800 against the US… Read More »

Cardano Price Analysis: ADA/USD Could Revisit $0.2200

Key HighlightsADA price failed to move above the $0.2800 resistance and declined against the US Dollar (tethered).There was a break below an important bullish trend line with support at $0.2650 on the hourly chart of the ADA/USD pair (data feed via Bittrex).The pair remains at a risk of more losses towards the $0.2300 and $0.2200 support levels.Cardano price… Read More »

Ripple Price Analysis: XRP/USD Turned Short-term Bearish

Key HighlightsRipple price failed to move above the $0.7500 resistance area and declined against the US dollar.There was a break below this week’s ascending channel with support at $0.7200 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair declined below the $0.7000 support and moved back in a bearish zone.Ripple price traded below key… Read More »

Ethereum Price Analysis: ETH/USD Nosedives Below $690

Key HighlightsETH price started a sharp downside move and traded below the $700 and $690 supports against the US Dollar.This week’s highlighted key bullish trend line with support at $725 was broken on the hourly chart of ETH/USD (data feed via Kraken).The pair is now back in a short-term bearish zone and it could retest the $660 support.Ethereum… Read More »

Bitcoin Price Watch: BTC/USD Primed for Gains

Key PointsBitcoin price is showing bullish signs above the $8,600 pivot level against the US Dollar.This week’s ascending channel with current support at $8,480 is intact on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is now trading nicely above the $8,500 support and the 100 hourly simple moving average.Bitcoin price is following a… Read More »

Litecoin Price Analysis: Can LTC/USD Hold Gains Above $140?

Litecoin price recovered a few points and moved above $140 against the US Dollar. LTC/USD struggled to break the $150-155 resistance and is currently correcting lower. Key Talking Points Litecoin price formed a support base above $130 and recovered higher (Data feed of Kraken) against the US Dollar. Yesterday’s highlighted crucial bearish trend line with resistance at $144… Read More »

Ethereum Classic Price Analysis: ETC/USD Poised for Further Gains

Key HighlightsEthereum classic price formed a support base at $16.40 and recovered against the US dollar.There was a break above a crucial bearish trend line with resistance at $18.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken).The pair may continue to rise towards the $20.50 and $21.00 resistance levels in the near term.Ethereum classic… Read More »

Ripple Price Analysis: Can XRP/USD Make It?

Key HighlightsRipple price is currently holding gains above the $0.7200 support level against the US dollar.There is a crucial ascending channel in place with support at $0.7300 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair may rise in the near term if buyers succeed in breaking the $0.7500 and $0.7580 resistance levels.Ripple price… Read More »