Category: Analysis

Ripple (XRP) Price Trend Overwhelmingly Negative, Bitcoin Diving

boss

Ripple price is declining and trading below the $0.2560 pivot level against the US dollar. Bitcoin is down more than 3% today and Ethereum broke a major support near $178. There is a new connecting bearish trend line forming with resistance near $0.2530 on the hourly chart of the XRP/USD pair (data source from Kraken). The price tumbled recently and tested the $0.2400 support area. Ripple price is trading in a crucial downtrend against the US Dollar, while bitcoin is approaching $8K. XRP price is likely to struggle near the…

Bitcoin (BTC) Diving, Can Bulls Protect $8.2K Support?

boss

Bitcoin price is extending losses and it recently broke $8,375 support against the US Dollar. The price is currently correcting, but upsides are likely to be capped by $8,500. Morning’s key bearish trend line is active with resistance near $8,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ethereum is still holding the $180 support area and ripple is trading in a range above $0.2520. Bitcoin price is showing signs of more losses below $8,500 against the US Dollar. BTC could drop towards $8,200 before a…

EOS is poised for Bull Run But What’s Preventing a Breakout: Factors & Trends

boss

EOS is slightly recovering as bulls seem to be back in the game The short-term correction is keeping EOS on suspense for a major bullish move Over the past few days, EOS has seen relatively strong growth of about 23% after establishing a mid-year low at around $2.4 on September 25. Recently, the price of EOS stalled around $3.5, currently the monthly high. The cryptocurrency has increased by 2.37%, now trading at the $3.47 price level. The 7th largest cryptocurrency in the global market is likely to recover above key…

Bitcoin (BTC) Relatively Muted; Support Estimated Near $8.2K

boss

Bitcoin price is trading below a few important resistances near $8,700 against the US Dollar. The price is somehow holding the $8,420 and $8,375 support levels. There is a major bearish trend line forming with resistance near $8,525 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently correcting higher, but sellers are likely to protect $8,575 or $8,660. Bitcoin price is consolidating below key resistances against the US Dollar. BTC could decline further, but the $8,200 support might protect sharp losses. Bitcoin Price…

Crypto Market And Bitcoin Might Decline Further: BCH, EOS, TRX, ADA Analysis

boss

The total crypto market cap is following a bearish pattern below the $230.0B level. Bitcoin price is facing an increase in selling pressure below $8,600 and $8,500. EOS price is currently struggling to stay above the key $3.350 support area. BCH price extended decline and broke the $280 and $265 support levels. Tron (TRX) price is currently trading near the key $0.0185 support area. Cardano (ADA) price is showing positive signs above the $0.0420 support. Bitcoin and the crypto market cap are currently declining. Ethereum (ETH), EOS, Tron (TRX), BCH,…

Ripple (XRP) Price Resuming Decline, Bitcoin Breaks $8.5K

boss

Ripple price is under pressure and struggling to surpass the $0.2660 resistance against the US dollar. The price is currently declining and it is likely to break the $0.2580 support area. There is a major bearish trend line forming with resistance near $0.2645 on the hourly chart of the XRP/USD pair (data source from Kraken). Conversely, Ethereum is still holding the main $180 and $178 support levels. Ripple price is facing an increase in selling below $0.2650 against the US Dollar, similar to bitcoin. XRP price could continue to move…

Ethereum (ETH) Holding Crucial Support While Bitcoin Is Declining

boss

Ethereum price is still struggling to climb above $186, $188 and $190 resistances against the US Dollar. The price is currently declining and it seems like it could retest the $180 support area. There are two major bearish trend lines forming with resistance near $186 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin is under a lot of pressure and it recently decline below the $8,500 support. Ethereum price is holding an important support versus the US Dollar, while climbing vs bitcoin. ETH price might retest the…

Ethereum (ETH) Price Weekly Forecast: Crucial Support At Risk

boss

ETH price is facing a strong resistance near the $184 and $185 levels against the US Dollar. The price is trading above the key $178 support, which remains at a risk. There is a crucial bearish trend line forming with resistance near $186 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is currently declining and it might struggle to clear the $178 and $176 support levels. Ethereum price is showing bearish signs below $185 against the US Dollar, similar to bitcoin. ETH price remains at a…

Bitcoin Weekly Forecast: BTC Price Turned Sell On Rallies

boss

After settling below $9,000, bitcoin declined steadily against the US Dollar. The price is under a lot of pressure below the $8,700 and $8,650 resistance levels. There is a crucial bearish trend line forming with resistance near $8,630 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price could correct higher, but it is likely to face sellers near the $8,700 resistance area. Bitcoin price is trading in a bearish zone towards $8,200 against the US Dollar. BTC remains sell on rallies unless there is a…

BNB Is Under Correction But May Resume Bullish Trend Soon

boss

BNB has been maintaining a bullish move for the past few weeks, but the price is now retracing near $20.5 support level. Binance Coin remains bullish on the hourly chart, but the bears may take over if the price drops below the ascending broadening wedge. Over the past few weeks, Binance Coin has witnessed substantial growth which has led the cryptocurrency to surge above $20 following a recent price break. The performance of BNB has created a bullish sentiment, which is positioning the market for an incoming bull run. Meanwhile,…