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Posts published in “Technical”

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 remain bearish, any high volume break above $65 might trigger the next wave of buy...

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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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Ripple (XRP) Price Watch: Will More Bulls Join In?

Ripple Price Key Highlights Ripple recently busted through a descending trend line to signal that a reversal from the downtrend is underway. Price is pulling back to the broken resistance, though, so a retest appears to be taking place. If the former resistance holds as support, price could resume the climb to the swing high...

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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 (BTC) Price Watch: Trend Line Break and Correction

Bitcoin Price Key Highlights Bitcoin price recently broke above a short-term descending trend line as an early reversal signal. Price reached the $6,650 level then made a pullback to the broken resistance, which lines up with the Fibs. Technical indicators also suggest a continuation of the reversal. Bitcoin price broke above its descending trend line...

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Bitcoin Cash (BCH) Technical Analysis: Wormhole Protocol and Smart Contracting BCH Bulls

As pitched, Bitcoin Cash is the new Ethereum all thanks to the Wormhole protocol which will make smart contracting and asset tokenization a possibility. Now, could this fact alone be the reason why BCH is up 10 percent in the last day? Or are BCH on a path towards recovery because of the market wide...

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Litecoin, EOS, Stellar Lumens, Tron, IOTA Technical Analysis: Altcoin Adds 10%, Bottoms Hopium?

For the first time in more than n days, the top 10 is green and printing double digits right at main support lines. Of course, in the last days, support lines were melting but gains at Litecoin, IOTA, Tron and EOS are steeling coin supporters. In the top 10 though, Litecoin stands out and not...

The post Litecoin, EOS, Stellar Lumens, Tron, IOTA Technical Analysis: Altcoin Adds 10%, Bottoms Hopium? appeared first on NewsBTC.

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