Cardano Price Analysis: ADA/USD Upsides Remain Limited

Key Highlights ADA price declined recently and broke a key support at $0.2300 against the US Dollar (tethered). There was a break below an important bullish trend line with support at $0.2450 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair traded towards the $0.2100 level and it seems like it could revisit the $0.2000 zone. Cardano price tumbled recently against the US Dollar and Bitcoin. ADA/USD could correct higher, but upsides may be capped by the $0.2300 and $0.2400 levels. Cardano Price Analysis There…

Ripple Price Analysis: XRP/USD Broke Significant Support

Key Highlights Ripple price failed to hold a major support area near $0.6500 and declined against the US dollar. There is a crucial bearish trend line forming with resistance at $0.6450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may correct higher, but the broken support at $0.6500 is likely to act as a hurdle. Ripple price declined further against the US Dollar and Bitcoin. XRP/USD is now well below $0.6500 and is eyeing more losses in the near term. Ripple Price Bearish Bias…

Ethereum Price Analysis: ETH/USD Tumbled Below $655

Key Highlights ETH price was not able to move above the $700 resistance and declined sharply against the US Dollar. There is a new connecting bearish trend line forming with resistance at $655 on the hourly chart of ETH/USD (data feed via Kraken). The pair may correct higher in the short term, but upsides are likely to be capped by $650-655. Ethereum price declined heavily against the US Dollar and Bitcoin. ETH/USD is now well below $655 and is eyeing more downsides in the near term. Ethereum Price Resistance The…

Bitcoin Cash Price Analysis: BCH/USD Bearish Below $1,150

Key Points Bitcoin cash price declined further and broke a major support at $1,150 against the US Dollar. There is a major bearish trend line forming with resistance at $1,160 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may perhaps continue to move down and it could even break the $1,100 support level. Bitcoin cash price is accelerating declines below $1,200 against the US Dollar. BCH/USD is now well below $1,150 and eyes a downside break below $1,100. Bitcoin Cash Price Resistance There was…

Tron, EOS, Litecoin, IOTA and Stellar Price Analysis (May 23, 2018)

In a run up to price explosions, counter trend moves are usually rampant. That’s what we have been seeing in the last two days or so. Long coverings and reversal of gains have been the order of the day. At the moment though, prices seems to be snapping back to shape and that’s why we are seeing pockets of buy pressure in different coins under our focus.  IOTA, Tron and of course EOS are exhibiting signs of reversal. However, of all coins, Stellar Lumens is but a prime candidate which…

Bitcoin (BTC) Technical-Price Analysis (May 23, 2018)

As it is, Bitcoin prices are basically in a consolidation and swaying within a tight $2,200 range with tops at $10,000. Regardless of recent swings, I’m net bullish and today, its likely prices might move higher and sync with April 15 bullish candlestick. From the News There are some pretty nice developments in the crypto world and because Bitcoin is the most dominant coin, expect to see wild allegation or over ambitious developments. One of them, depending on your view, is the rumor that there are solid plans of replacing…

Ethereum Classic Price Analysis: ETC/USD Could Decline Further

Key Highlights Ethereum classic price topped near $18.54 and declined below the $17.60 support against the US dollar. There is a short-term bearish trend line forming with resistance at $17.60 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair may continue to decline and it could retest the $16.80 and $16.60 support levels. Ethereum classic price is currently under pressure against the US Dollar and Bitcoin. ETC/USD may decline further towards the last swing low of $16.60. Ethereum Classic Price Decline Recently, there was a…

Ripple Price Analysis: XRP/USD’s Downside Break

Key Highlights Ripple price declined recently after buyers failed to push it above $0.7100 against the US dollar. Yesterday’s highlighted crucial ascending channel with support at $0.6860 was broken on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is now trading below the $0.6800 support level and the 100 hourly simple moving average. Ripple price made a bearish turn against the US Dollar and Bitcoin. XRP/USD may correct lower towards the $0.6600 support in the near term. Ripple Price Resistance There was no upside break…

Ethereum Price Analysis: ETH/USD Back Below $700

Key Highlights ETH price failed to extend gains above the $724 level and started a downside move against the US Dollar. Yesterday’s highlighted important bullish trend line with support at $707 was broken on the hourly chart of ETH/USD (data feed via Kraken). The pair is now well below $700 and the 100 hourly simple moving average, which is a bearish sign. Ethereum price is under pressure against the US Dollar and Bitcoin. ETH/USD broke a key support at $708 and it may well trade below $680 in the near…

Bitcoin Cash Price Analysis: BCH/USD Losing Momentum

Key Points Bitcoin cash price failed to hold gains above $1,220 and declined below $1,200 against the US Dollar. There is a declining channel forming with resistance at $1,220 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to extend the current decline and it could test the $1,150 support level. Bitcoin cash price is back in a bearish zone below $1,220 against the US Dollar. BCH/USD is losing momentum and it could continue to move down towards $1,150. Bitcoin Cash Price Decline…