Ethereum Price Analysis: ETH/USD Nosedives Below $90, What’s Next?

Key Highlights ETH price traded lower sharply below the $100 and $90 support levels against the US Dollar. There are two key bearish trend lines formed with resistance at $96 and $102 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to decline and it may even break the $80 and $75 levels. Ethereum price declined heavily against the US Dollar and bitcoin. ETH/USD is currently well below $90 and it could slide further towards $75 or $70. Ethereum Price Analysis Yesterday, we saw a…

Bitcoin Cash Price Analysis: BCH/USD Nosedives Below $100, $80 Next?

Key Points Bitcoin cash price tumbled and broke the $125 and $100 support levels against the US Dollar. There is a monster bearish trend line in place with resistance at $120 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently at a risk of more losses below the $100 level in the near term. Bitcoin cash price ABC tumbled below $100 whereas BCHSV climbed above $100 against the US Dollar. BCH/USD is under pressure and it could trade towards $80. Bitcoin Cash Price…

Bitcoin Price Weekly Analysis: BTC/USD Nosedives Below $3,800

Key Points Bitcoin price fell significantly and traded below $4,000 and $3,800 against the US Dollar. There is a major bearish trend line formed with resistance at $4,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is under pressure below $3,800 and it could even break the $3,500 support level. Bitcoin price tumbled more than 15% and broke the $3,800 support against the US Dollar. BTC/USD could accelerate declines towards the $3,500 level. Bitcoin Price Analysis This past week, there was a tiny upside…

Bitcoin Price Watch: BTC/USD Nosedives 15%, $4,000 Next?

Key Points Bitcoin price fell significantly and declined below the $5,000 and $4,600 supports against the US Dollar. There are two bearish trend lines formed with resistance near $4,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to accelerate losses towards the $4,200 and $4,000 levels in the near term. Bitcoin price traded to multi month low below $4,500 against the US Dollar. BTC/USD could continue to decline towards the $4,000 support area. Bitcoin Price Analysis Yesterday, we discussed the chances of…

Ethereum Price Analysis: ETH/USD Nosedives Below $150 Support

Key Highlights ETH price failed to recover and declined below the $150 level declined against the US Dollar. There is a short term bearish trend line in place with resistance at $150 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded to multi month low and it could continue to move down below $140. Ethereum price fell sharply against the US Dollar and bitcoin. ETH/USD broke the $150 support and it is currently consolidating losses. Ethereum Price Analysis Yesterday, we saw a major decline below $175…

Ripple Price Analysis: XRP/USD Nosedives, Turns Bearish Below $0.4600

Key Highlights Ripple price declined heavily and broke the $0.4860 and $0.4400 support levels against the US dollar. There is a crucial bearish trend line formed with resistance at $0.4720 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is struggling to recover above the $0.4600 and $0.4700 resistance levels. Ripple price fell sharply below key levels against the US Dollar and Bitcoin. XRP/USD is correcting higher, but it remains sell on rallies near $0.4700. Ripple Price Analysis The past three sessions were destructive as…

Ripple Price Analysis: XRP/USD Nosedives, Recoveries Remain Limited

Key Highlights Ripple price fell significantly and broke the $0.2800 and $0.2600 supports against the US dollar. Yesterday’s highlighted important bearish trend line is intact with resistance near the $0.2950 level on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting higher, but it could face sellers near $0.2700 and $0.2800. Ripple price nosedived against the US Dollar and Bitcoin. XRP/USD may perhaps recover a few points, but it is likely to face sellers near $0.2800. Ripple Price Decline Yesterday, we discussed that…

Ripple Price Analysis: XRP/USD Nosedives, Could Test $0.3200

Key Highlights Ripple price tumbled sharply after there was a daily close below $0.4000 against the US dollar. There is a major bearish trend line in place with resistance at $0.3900 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently under a lot of pressure and it could decline towards the $0.3200 level. Ripple price moved down sharply against the US Dollar and Bitcoin. XRP/USD is now well below $0.3800 and it may perhaps decline further towards $0.3200. Ripple Price Trend There were…