Day: February 11, 2019

Ripple Price Analysis: XRP Could Accelerate Losses Below 100 SMA

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Ripple price failed to retain gains and traded below the $0.3080 support against the US dollar. There is a key connecting bearish trend line in place with resistance at $0.3065 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must stay above the $0.3000 support and the 100 hourly simple moving average to bounce back. Ripple price is currently correcting gains against the US Dollar and Bitcoin. XRP/USD is at a risk of a sharp decline if it breaks the 100 hourly SMA and $0.3000.…

Ethereum Price Analysis: Dips In ETH Remain Attractive

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ETH price extended gains and traded above the $118 and $120 resistance levels against the US Dollar. There was a break above a major bearish trend line with resistance near $117 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded towards the $125 resistance and later corrected lower towards $120. Ethereum price is placed nicely in an uptrend against the US Dollar and bitcoin. ETH/USD could correct a few points, but dips remain attractive in the near term near $116. Ethereum Price Analysis In the weekly…

Fundstrat’s Tom Lee: Technical Analysts Becoming Incrementally Bullish On Bitcoin

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After Friday’s straight out of left field rally, analysts have begun to express optimism for the first time in a blue moon. In fact, one industry insider claims that technical analysts centered on Bitcoin (BTC) are switching gears from bearish to bullish. But will their forecasts hold up? Related Reading: Analyst Claims That Bitcoin (BTC) Could Surge to $5,000 in Coming Weeks Tom Lee Downs The Bitcoin Red Pill Again It appears that Tom Lee has downed the Bitcoin red pill yet again. After making an appearance on Fox Business, in which he touted…

Fundstrat’s Tom Lee: Technical Analysts Becoming Incrementally Bullish On Bitcoin

boss

After Friday’s straight out of left field rally, analysts have begun to express optimism for the first time in a blue moon. In fact, one industry insider claims that technical analysts centered on Bitcoin (BTC) are switching gears from bearish to bullish. But will their forecasts hold up? Related Reading: Analyst Claims That Bitcoin (BTC) Could Surge to $5,000 in Coming Weeks Tom Lee Downs The Bitcoin Red Pill Again It appears that Tom Lee has downed the Bitcoin red pill yet again. After making an appearance on Fox Business, in which he touted…