Key Highlights ADA price recovered above the $0.090 resistance and is currently consolidating against the US Dollar (tethered). There is a crucial bearish trend line in place with resistance at $0.0990 on the hourly chart of the ADA/USD pair (data…
Category: Crypto Analysis
Prominent Analyst: Bitcoin and Crypto Aren’t Heading Upwards, Big Drop Before Big Rally
Although the crypto market saw a resurgence on Wednesday, with assets like Bitcoin posting 5 percent gains, the market remains in “purgatory,” where analysts aren’t too sure where prices will move next. The Tracker One ETN May Be Good News,…
Ripple Price Analysis: XRP/USD Recovery Above $0.30 On the Cards
Key Highlights Ripple price is moving higher and it has settled above the $0.2800 and $0.2900 resistances against the US dollar. Yesterday’s highlighted key bearish trend line is almost breached near $0.3020 on the hourly chart of the XRP/USD pair…
Ethereum Price Analysis: ETH/USD Poised for More Upsides
Key Highlights ETH price is gaining momentum and it could break the $304 resistance for more upsides against the US Dollar. There was a break above a key bearish trend line with resistance at $295 on the hourly chart of…
Bitcoin (BTC) Price Watch: Could This Be a Reversal Pattern?
Bitcoin Price Key Highlights Bitcoin price appears to be forming an inverse head and shoulders pattern on its 1-hour time frame. This is considered a classic reversal signal and if confirmed, price could pull up from its earlier drop. Technical…
Bitcoin Cash Price Analysis: BCH/USD Primed to Break above $540
Key Points Bitcoin cash price is slowly moving higher and is currently trading above the $500 support against the US Dollar. There is key bullish trend line formed with support at $515 on the hourly chart of the BCH/USD pair…
Cardano (ADA) Technical Analysis: ADA is 2 Cents Away From All Time Lows
After Prometheus, there is Yoroi and Icarus. Both of these wallets are light weight and hallmark Cardano’s projects that would ultimately push the coin towards adoption. However, shadowing this are Cardano (ADA) sellers who despite slowing down are still on…
Bitcoin Futures Trader Discusses Bitcoin Price Points, Significance of ETFs
Investor and Bitcoin futures trader Jeff Kilburg spoke with CNBC today about his continued enthusiasm for investing in the digital currency, despite lows that, as of late, have rattled some traders. Bitcoin Futures, Exchange-Traded Funds “Futures Now” trader Jeff Kilburg,…
Stellar Lumens, EOS, Litecoin, Tron, IOTA Technical Analysis: EOS, Litecoin and IOTA At Definitive Supports
Even if prices are fair off from seven days ago, still bears are in charge. The daily chart specifically displays a ball park five percent drop over a 24 hours span in coins as Tron, IOTA and EOS. Though we…
Cloud-Based Genesis Mining to Drop Lower Tier Bitcoin Contracts
As cryptocurrency mining profitability continues to suffer due to price decline, many cloud-mining services have been forced to cease operations. Today Genesis Mining announced they would be ending one of their bitcoin mining services. Genesis Mining Drops Lowest Tier Bitcoin…
