Day: August 7, 2018

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

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As altcoins drag lower syncing with Bitcoin (BTC) drop, fundamentals and technical formations are clearly divergent. Yes, sellers are in charge and are even cancelling the last Stellar Lumens (XLM) bullish attempts of mid-July. However, while we are yet to see proper sell signal below key support lines in Litecoin (LTC), EOS and IOTA for example, we have a bearish leaning thanks to trend resumption of last week and that strong bearish engulfing candlestick by week ending Aug 5. Let’s have a look at these charts: EOS Technical Analysis From…

Ethereum Classic (ETC) Price Watch: Steeper Climb Underway with Coinbase & Robinhood?

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Ethereum Classic Price Key Highlights Ethereum Classic price got a big boost after Coinbase and Robinhood added the asset to their trading offerings. Price is trending higher inside an ascending channel on the 4-hour chart and is testing the resistance. A break past this channel top could pave the way for an even sharper rally, but technical indicators have yet to catch on. Ethereum Classic is testing the top of its ascending channel and a breakout could lead to a steeper uptrend from the latest catalysts. Technical Indicators Signals The…

Bitcoin (BTC) Price Watch: Hovering at Make-or-Break Levels

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Bitcoin Price Key Highlights Bitcoin price is still in correction territory as it hangs around the area of interest around $6,800 to $7,000. Several inflection points are in confluence on this area, and a bounce could allow the uptrend to resume. However, a break below this key level could mean a continuation of the longer-term selloff. Bitcoin price continues to test the area of interest where bulls are expected to join in and confirm that it has bottomed out. Technical Indicators Signals The 100 SMA is above the longer-term 200…

Bitcoin Cash Price Analysis: BCH/USD’s Upsides Capped Near $710

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Key Points Bitcoin cash price recovered slightly, but it failed to move past $718 against the US Dollar. There is a new connecting bearish trend line forming with resistance at $708 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may perhaps correct a few points, but upsides are likely to be capped by $708-710. Bitcoin cash price is still in a bearish zone below $725 against the US Dollar. BCH/USD recoveries towards the $708-710 zone are likely to face sellers. Bitcoin Cash Price Resistance…

Overstock’s tZERO Closes Its Security Token Offering Tonight

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tZERO, a blockchain subsidiary of e-commerce retail giant Overstock, announced today Aug. 6 that its Security Token Offering (STO) will comes to an end Monday night, with no further extensions. tZERO said that its STO will close at 11:59 PM EDT, whereas investors with fully executed Simple Agreements of Future Equity (SAFEs) have to remit funds to tZERO by 5 PM EDT Wednesday. The startup will reportedly reveal the results of the STO on Thursday, August 9, during Overstock’s earnings call. While tZERO originally limited the maximum amount of tokens…

Trader Sues Exchange OKCoin for Failing to Release Bitcoin Cash

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A Chinese Bitcoin (BTC) investor has sued local crypto exchange OKCoin for allegedly preventing him from getting Bitcoin Cash (BCH) after the BTC fork, local news agency Legal Weekly reports July 31. The case is reportedly the first legal action in China that involved last year’s fork of Bitcoin. The investor, known under the pseudonym Feng Bin, filed a lawsuit against OKCoin, accusing the exchange of blocking him from receiving 38.748 BCH that he was due after Bitcoin’s hard fork in August 2017. In the lawsuit, Feng Bin states that…

Chair of House Judiciary Committee Discloses Ownership of Cryptocurrency

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The chair of the Judiciary Committee of the U.S. House of Representatives may be the first member of Congress to disclose that he owns cryptocurrency, Sludge reports Aug. 6. Congressman Bob Goodlatte (R-VA) reported that he owns between $17,000 and $80,000 in digital currency in his annual Financial Disclosure Statement. Goodlatte filed the statement on May 10, a month before the U.S. Ethics Committee issued new rules about disclosing digital currency holdings. Per the new rules, all House Members must disclose their own and their spouse’s crypto holdings valued over…