Ripple Has the Attention of the IMF: Ripple (XRP) Technical Analysis

In the last week, the depreciation was slow now that Ripple sellers are finding resistance at 60 cents. Despite this, sellers did confirm the 3-bar reversal pattern clear after week ending May 6 close. Today, it’s just a matter of waiting and if there are favorable news that would buoy prices then the better. In any case, our reasonable buy triggers are set at 75 cents while sells can find theirs at 60 cents. From the News Implementation of blockchain technology towards solution of every day’s problem will for sure…

EOS (EOSUSD) Technical Price Analysis For May 18, 2018

Whether EOS is leading the market or not is just but speculations based on historical prices. We need directions from market participants. As it is, buyers seem to be making a turn around despite yesterday’s candlestick characteristic. EOS is up six percent in the last 24 hours with interesting technical developments panning out in the daily chart. From the News Just to clarify, Block One is a software company that is behind EOSIO-and not the other way! By now you might have read somewhere that EOSIO will be “migrating” from…

(Canaan Creative Files for an IPO) Bitcoin (BTC) Technical Analysis

Regardless of the slow price action and dip in prices, Bitcoin is still king of cryptocurrencies and many altcoins anchor their moves on it. While we remain hopeful of future recoveries, it is likely that the past few days’ price appreciation is but short coverings. Notice that there is a clear failure to march past $9,000 since volumes are low and half below March 11 bear spike. I recommend shorts in lower time frames with targets at $6,800 in the short term. From the News In less than five months,…

Ethereum (ETH/USD) Technical Analysis (May 16, 2018)

Even though Ethereum is trading at 50 percent of its ATHs, chances are it might retrace in the coming days. In the last 24 hours for example, it is down three percent after failing to surge past $900 earlier this month. Now, because we have these lower lows, taking shorts might be a good trading strategy that flows well with the current trend. From the News Remember Nigel Green, the Founder of deVere Group? Well, he projected that Ethereum might close at $2,500 a piece by the end of the…

Fenbushi-NEO Partnership: NEO Technical Analysis

It’s a wholesale market slide and NEO is no exception. In fact it’s out of the top 10 following Tron market cap increment. Relative to other coins, NEO is down 15 percent for the week but reflective of higher highs in the last few days, it is recovering losses. In my view, I expect NEO prices to appreciate especially if we see a strong bullish break out above $70. From there, NEO buyers can aim for $90. If not, any break below May 11 lows at $55 would likely usher…

Ripple Price Technical Analysis – XRP/USD Correction Likely Over

Key Highlights Ripple price corrected higher recently, but it struggled near the $0.7500 resistance against the US dollar. The XRP/USD pair is currently attempting a close below an ascending channel with support at $0.7000 on the hourly chart (data source from Kraken). The pair may is now at a risk of a downside move back towards the $0.6500 support level. Ripple price is in a bearish zone against the US Dollar and Bitcoin. XRP/USD corrected slightly higher, but it struggled to clear a major hurdle at $0.7500. Ripple Price Trend…

Ethereum Price Technical Analysis – ETH/USD Could Recover Further

Key Highlights ETH price started a nice upside recovery and moved above the $710 resistance against the US Dollar. There is a key bullish trend line with support at $710 forming on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently correcting lower, but it remains supported near $705, $710 and the 100 hourly simple moving average. Ethereum price is recovering against the US Dollar and Bitcoin. ETH/USD is now trading above the 100 hourly SMA and $705, which is a positive sign. Ethereum Price Decline…

Bitcoin Cash Price Technical Analysis – BCH/USD Struggling Near $1,500

Key Points Bitcoin cash price recovered recently, but it struggled to break the $1,500 resistance against the US Dollar. There was a break below a short-term contracting triangle pattern with support at $1,450 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may decline a few points towards the $1,400 and $1,380 support levels. Bitcoin cash price is struggling to gain momentum above $1,500 against the US Dollar. BCH/USD could decline once again if buyers lose control in the short term. Bitcoin Cash Price Resistance…

China to Rate Ripple and 24 Other Coins: Ripple (XRP) Technical Analysis

Like the rest of the markets, Ripple is down 20 percent in the last seven days effectively reversing previous gains. However, it remains perched at position three in the liquidity list. Even though the future prospects of this coin is wonderful, short term selling with targets at 45 cents can be a good trading strategy. From the News Winter is coming for cryptocurrencies in general. Facebook is all about being social and according to reports we are all receiving, they are planning to launch their own cryptocurrencies in a bid…

IOTA, Stellar Lumens, Tron, Litecoin, EOS Technical Analysis

There are some pretty nice developments in the markets that we should remain positive despite the down trend. As it is-and playing by the technical development-we expect prices to bounce back with Litecoin and IOTA probably spearheading that recovery. It’s obvious that prices are building on May 12 gains and that should continue today maybe until prices test key resistance lines. Let look at these charts: EOSUSD (EOS) EOS Daily Chart by Trading View It’s a direct endorsement guys, CNBC just said investors should buy EOS. It may seem ridiculous…