After days of lower lows and horizontal consolidation, altcoins are ending the week on a high. ADA/USD is up three percent in the day and could breach key price levels over the weekend. At the same time, LTC/USD bulls did manage to reverse Oct 29 losses while EOS/USD prices could race to $7 if today… Continue reading Weekly Altcoin Wrap Up: ADA/USD Lead Price Revival as LTC/USD Reverse Oct 29 Losses
Category: Technical
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Cardano Price Analysis: ADA/USD Sink and Stabilize Below 7 cents
Even if prices are low and on-chain development slow, Charles Hoskinson and Cardano are literally hitting milestones. Though it could take a decade or more before Voltaire, once it goes live Cardano might easily outperform competing platforms. This is so because Cardano’s foundation is thorough with scientific verification. Price wise ADA/USD is technically bearish. Unless… Continue reading Cardano Price Analysis: ADA/USD Sink and Stabilize Below 7 cents
IOT/USD Price Analysis: Altcoins Register Minor Gains, Still Bearish
The stability of altcoins should be another opportunity to sell according to trend definition of Oct 11. Subsequent confirmations of Oct 29 did place the lid on buyers even though prices are leveling out. But, it could get worse if losses print today. On the reverse side a stream of boosting fundamentals could propel pairs… Continue reading IOT/USD Price Analysis: Altcoins Register Minor Gains, Still Bearish
BCH/USD Price Analysis: Bitcoin Cash Could Disintegrate ahead of Nov 15 Hard Fork
Roger Ver’s Bitcoin Cash is at a precipice. It could fall apart if there is no consensus draining with it millions in investment and propelling Bitcoin higher. The standoff between Craig Wright of Bitcoin SV and Jihan Wu’s Bitcoin Cash ABC could be damaging. Since price relies on the outcome, traders should remain neutral ahead… Continue reading BCH/USD Price Analysis: Bitcoin Cash Could Disintegrate ahead of Nov 15 Hard Fork
IOT/USD, EOS/USD, XLM/USD, TRX/USD, LTC/USD Register Mild Gains
Overly, most coins are in range mode with the exception of LTC/USD and TRX/USD which are bearish. This is after unexpected losses below $50 and 2.3 cents on Oct 29 igniting sellers. But still, EOS/USD and XLM/USD are holding on with minor losses. All things constant, we shall retain a neutral approach waiting for moves… Continue reading IOT/USD, EOS/USD, XLM/USD, TRX/USD, LTC/USD Register Mild Gains
Ripple Price Analysis: XRP Volumes Dry Up as Monthly Losses Rise to 23 Percent
Even as traders and investors maintain a bullish outlook, XRP/USD monthly losses are high. Because of Oct 29 losses, we shall revert back to neutral, holding off trading now that our stops at 45 cents were hit on Monday. Encouragingly, the hype around Ripple’s achievement, XRP may find support at 40 cents and perhaps steer… Continue reading Ripple Price Analysis: XRP Volumes Dry Up as Monthly Losses Rise to 23 Percent
Cardano (ADA/USD) Shed 18 percent as Bear Momentum Pick up
At the face of bears, Cardano (ADA/USD) pair losses are steep. It’s down 18 percent in the last month as LTC/USD sink deeper into loss making territory despite market building announcements. This divergence between technical candlestick formation and fundamentals could temper prices. But first we need to see strong rejection of lower lows. Let’s have… Continue reading Cardano (ADA/USD) Shed 18 percent as Bear Momentum Pick up
ETH/USD Price Analysis: Ethereum Bulls Crash as Market Lose $1 Billion
ETH/USD is down five percent in the last week and the result is obvious. Prices are now trading below the psychological support of $200 further driving miners into loss making territory. Though we remain optimistic and expect prices to steady, dips below Sep lows could trigger the next wave of sell pressure pressing back ETH/USD… Continue reading ETH/USD Price Analysis: Ethereum Bulls Crash as Market Lose $1 Billion
Bitcoin (BTC) Price Watch: Sellers Waiting at Area of Interest
Bitcoin Price Key Highlights Bitcoin price continues to trade inside its descending channel on the 1-hour time frame. Price looks ready for a pullback to the resistance and the Fib retracement tool shows where sellers might be waiting. Technical indicators also seem to be suggesting that the downtrend might resume at some point. Bitcoin is… Continue reading Bitcoin (BTC) Price Watch: Sellers Waiting at Area of Interest
BTC/USD Bitcoin Price Analysis: China’s support of BTC Very bullish
China is important. It is home to the largest Bitcoin mining companies and their citizens are fast adopters. Therefore, the recent court ruling is bullish and could fast-track Bitcoin loss reversal driving prices back above $7,000 in the process strengthening market confidence. So far, BTC/USD pair is stable and down one percent in the last… Continue reading BTC/USD Bitcoin Price Analysis: China’s support of BTC Very bullish