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Posts published in “Analysis”

Bitcoin Price Watch: What Does BTC/USD’s Failure Near $6,600 Indicate?

Key Points Bitcoin price jumped above the $6,400 and $6,550 resistance levels, but failed to hold gains against the US Dollar. There is a major bullish trend line in place with support at $6,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair clearly made a failed attempt to break...

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Ethereum Classic Price Analysis: ETC/USD Surging, Could Break $15

Key Highlights Ethereum classic price gained bullish momentum and it broke the $12.50 and $13.40 resistances against the US dollar. There is a major bullish trend line in place with support at $13.10 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is likely to accelerate higher above the $14.20...

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Ripple Price Analysis: XRP/USD Turned Short-term Bullish above $0.2660

Key Highlights Ripple price corrected higher recently and broke the $0.2660 and $0.2800 resistances against the US dollar. There is a new connecting bearish trend line formed with resistance at $0.3010 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently below the 100 hourly SMA, but it remains...

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Ethereum Price Analysis: ETH/USD’s Failure Near $300 Explained

Key Highlights ETH price traded higher, but it failed to hold gains above $300 against the US Dollar. There is a major bearish trend line capping gains with current resistance at $299 on the hourly chart of ETH/USD (data feed via Kraken). The pair may dip a few points and it could test the $273...

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Bitcoin Cash Price Analysis: BCH/USD Upsides Capped Near 100 SMA

Key Points        ·         Bitcoin cash price recovered further, but it failed to move above the $540 resistance area against the US Dollar. ·         There is an expanding triangle forming with current support at $492 on the hourly chart of the BCH/USD pair (data feed from Kraken). ·         The pair could bounce back once again, but...

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Bitcoin Price Watch: BTC/USD’s Rebound Above $6,350 is Real?

Key Points Bitcoin price recovered nicely after trading as low as $5,894 and moved above $6,200 against the US Dollar. There is a new connecting bullish trend line forming with support at $6,180 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could revisit the $6,550 resistance zone as long...

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Cardano Price Analysis: ADA/USD Facing Uphill Task Near $0.10

Key Highlights ADA price declined heavily and traded as low as $0.0844 against the US Dollar (tethered). This week’s highlighted significant bearish trend line is still active with resistance near $0.1100 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently correcting higher, but it is likely to face...

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Ripple Price Analysis: XRP/USD Attempting Upside Break above $0.3000

Key Highlights Ripple price recovered nicely and moved above the $0.2750 resistance area against the US dollar. This week’s crucial bearish trend line is preventing gains with resistance near the $0.2900 level on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may perhaps break the $0.2900-0.3000 resistance area for more...

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Ethereum Price Analysis: ETH/USD Correction Facing Hurdle Near $300

Key Highlights ETH price started a short-term correction and moved above the $275 level against the US Dollar. This week’s followed important bearish trend line is in place with resistance at $300 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to find a strong selling interest near the $295,...

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Bitcoin Cash Price Analysis: BCH/USD Recovering, Could Test $550

Key Points Bitcoin cash price is recovering after finding buyers around the $475 level against the US Dollar. There was a break above a short-term contracting triangle with resistance at $490 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is trading with positive signs, but it is approaching key...

The post Bitcoin Cash Price Analysis: BCH/USD Recovering, Could Test $550 appeared first on NewsBTC.

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