Price Analysis 18/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, LEO

Bitcoin is at a critical crossroad. What are the different possibilities and important levels to watch out for? Let’s analyze the charts. The traditional financial system is heading to a disaster with about $17 trillion in global bonds returning negative-yields. “The whole concept of negative yields, of people paying for the privilege of lending money, is insane behavior to me,” said William Eigen, a veteran fund manager at JPMorgan Asset Management, in an interview with Bloomberg. Gemini crypto exchange co-founder Cameron Winklevoss believes that the staggering amount of negative-yield bonds…

Ripple (XRP) Price Is Following Uptrend: BTC & ETH Continue To Struggle

Ripple price started a fresh increase and it surged above $0.3000 against the US dollar. The price is currently correcting higher after trading to a new monthly high near $0.3040. Earlier, there was a break above a declining channel with resistance near $0.2860 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is slowly correcting lower and it could find bids near the $0.2940 and $0.2920 levels. Ripple price is moving nicely in a positive zone against the US Dollar and bitcoin. XRP price remains…

Ethereum (ETH) Rebound Faces Major Hurdle Near $180

Ethereum price is currently correcting higher, but it is facing a strong resistance near $180 against the US Dollar. Bitcoin price is up more than 1.5%, but it is also facing resistance $8,120 and $8,200. This week’s followed major bearish trend line was breached with resistance near $174 on the hourly chart of ETH/USD (data feed via Kraken). The pair is clearly facing a strong resistance near the $180 level and the 100 hourly SMA. Ethereum price is currently recovering higher versus the US Dollar, similar to bitcoin. However, ETH…

Ethereum (ETH) Dives To $170, Is $160 Next Bear Target?

Ethereum price extended its decline and broke the $175 support area against the US Dollar. Bitcoin price is also down more than 3% and it broke the $8,000 support area. Yesterday’s highlighted key bearish trend line is intact with resistance near $175 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains in a bearish zone and it could face resistance near $175 and $180 in the near term. Ethereum price is under selling pressure versus the US Dollar, similar to bitcoin. ETH price remains at a…

Price Analysis 16/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

Many major cryptocurrencies were rejected at their overhead resistances which shows weakness within the market. Is a bear market developing? The crypto market has been struggling since topping out in June but this does not mean institutional interest in crypto has diminished. The Chicago Mercantile Exchange (CME) Group tweeted that customer interest in CME Bitcoin (BTC) futures remained strong in Q3 2019 compared to Q3 2018. The total increase in open interest during this period was about 61%, which shows that the involvement of institutional traders is on the rise.…

Ethereum (ETH) At Risk Of More Downsides Below $175

Ethereum price struggled to climb above the $185 resistance and declined recently against the US Dollar. Bitcoin price is also facing selling interest and it is now trading below the $8,200 support area. There is a new connecting bearish trend line forming with resistance near $181 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to decline further below $175 as long as it is trading below the $185 resistance. Ethereum price is struggling to climb higher versus the US Dollar, similar to bitcoin. Therefore,…

Ethereum (ETH) Breaks Range Resistance But Bitcoin Still Struggling

Ethereum price climbed above the key $185 resistance area against the US Dollar. Bitcoin price is still struggling to recover and is facing a strong resistance near $8,400. There was a break above a major bearish trend line with resistance near $183 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently consolidating above $185 and it could rise towards $192 or $195. Ethereum price is showing positive signs versus the US Dollar and bitcoin. ETH price must stay above $185 to continue higher in the…

Price Analysis 14/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

Most major cryptocurrencies are in a consolidation, which will soon result in a large directional move. How should traders be placed in order to benefit from it? A draft report by the G7 group of nations outlined the risks associated with “global stablecoins.” The report said: “No stablecoin project should begin operation until the legal, regulatory and oversight challenges and risks are adequately addressed.” This report is likely to increase the troubles for Facebook’s Libra project. Former Commodity Futures Trading Commission chairman Christopher Giancarlo believes that Libra and the prospects…

Ripple (XRP) Price Up 4% While BTC and ETH Are Consolidating

Ripple price is showing positive signs and it recently gained pace above $0.2800 against the US dollar. The price is up around 4% and it is currently testing the key $0.2850 resistance area. There is a major bullish trend line forming with support near $0.2770 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could correct lower in the short term, but dips remain supported near $0.2770 and $0.2750. Ripple price is gaining bullish momentum against the US Dollar, bitcoin and Ethereum. XRP price must…

Ethereum (ETH) Near Crucial Juncture, Can It Recover?

Ethereum price is currently consolidating losses above the key $175 support area against the US Dollar. Bitcoin price is struggling to hold the key $8,250 and $8,200 support levels. There is a key bearish trend line forming with resistance near $184 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely preparing for the next move either above $184 or towards $165 in the near term. Ethereum price is setting up for the next move versus the US Dollar and bitcoin. ETH price could rise positively…