Day: June 27, 2018

Ethereum Price Analysis: ETH/USD Under Bearish Pressure

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Key Highlights ETH price failed to gain traction and broke the $440 support against the US Dollar. There is a new connecting bearish trend line forming with resistance near $460 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently under pressure and it seems like it could retest the $$420 swing low. Ethereum price is showing signs of further weakness against the US Dollar and Bitcoin. ETH/USD is likely to trade further lower as long as it is below $450-460. Ethereum Price Resistance Recently, there…

Bitcoin Cash Price Analysis: BCH/USD Resumes Downtrend

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Key Points Bitcoin cash price failed to move above the $775 resistance and declined against the US Dollar. This week’s highlighted key bearish trend line played well with resistance at $720 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is moving lower and it seems like it could revisit the last swing low of $665. Bitcoin cash price is back in a downtrend below $720 against the US Dollar. BCH/USD is likely to accelerate declines back towards the $665 and $650 levels. Bitcoin Cash…

ING Bank Survey Reveals Interest In Crypto Will Double In Near Future

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Research company Ipsos on behalf of ING Bank B.V. has conducted a study on how cryptocurrencies are perceived across Europe, Australia and the U.S., which reveals that interest in the technology is expected to double in the future. While only 9 percent of respondents own crypto, 25 percent said they will own some in the future. The highest percent (18 percent) of crypto ownership is reported in Turkey, while the lowest (4 percent) is in Luxembourg. The survey is reportedly conducted several times a year and takes into account gender,…

Monero (XMR) Price Watch: Channel Still Intact!

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Monero Price Key Highlights Monero price is still in trading inside its descending channel despite the spike higher. This means that the downtrend is still likely to resume from here, as reflected by technical indicators also. However, the mid-channel area of interest is keeping losses in check and Monero price is testing resistance once more. Monero price could resume its downtrend as the channel resistance is holding but there could be a chance for a break higher. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to…

IOTA, EOS, Tron, Stellar Lumens and Litecoin Technical Analysis

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Yesterday we were supposed to see the final push and declaration of Tron Independence. But as with all mainnet launches in this space, it’s but a disappointment. Coin migration from Ethereum is still in progress and this mean Tron election of their 27 Super Representatives of super nodes as dPoS demands will be put off for another three to five days. That’s negative and we can see the reaction at the daily chart because Tron is down three percent and there is more room for further downside below 4 cents.…

Ripple (XRP) Technical Analysis

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The user case application of Ripple and their products are diverse. That’s why despite XRP being an optional product and with 100 billion in circulation, their current valuation is “fair” if not better considering the number of total coins minted. Regardless, what users want is widespread adoption and bank integration of XRP tokens. Their reasoning are not farfetched either reckoning that this could help drive prices. Already there are hints of that happening meaning the medium to long term view of XRP is hawkish. From the News Straight from the…