Bitcoin Price Watch: Pullback In BTC Before Fresh Increase

  • Bitcoin price extended gains above $3,900 and traded close to the $4,000 resistance against the US Dollar.
  • The price traded as high as $3,973 and later started a downside correction.
  • There is a short term breakout pattern in place with support at $3,875 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is likely to correct further lower towards the $3,830 or $3,800 support levels before fresh increase.

Bitcoin price failed to surpass the $4,000 resistance and corrected lower against the US Dollar. BTC could tested the $3,800 support area before a new upward move towards $4,000.

Bitcoin Price Analysis

Yesterday, we saw a strong rally above the $3,750 resistance in bitcoin price against the US Dollar. The BTC/USD pair spiked towards the $3,950 level and later corrected lower. However, the $3,830 support prevented losses and the price bounced back. It broke the last swing high and traded close to the $4,000 resistance. A new weekly high was formed at $3,973, but the price failed to test the $4,000 barrier. As a result, there was a fresh downside correction and the price declined below $3,950 and $3,920.

There was a break below the 23.6% Fib retracement level of the last wave from the $3,684 low to $3,973 high. However, the current decline is finding bids near yesterday’s highlighted bullish trend line with support at $3,880. More importantly, it seems like there is a short term breakout pattern in place with support at $3,875 on the hourly chart of the BTC/USD pair. If there is a downside break, the pair could test the next key support at $3,830. It coincides with the 50% Fib retracement level of the last wave from the $3,684 low to $3,973 high.

If the price fails to hold the $3,830 support, it could test the main $3,800 support area in the near term. On the upside, the price must break the $3,925 and $3,950 resistance levels to revisit $3,975. The main resistance for buyers is near the $4,000 level, above which there are chances of further gains.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price seems to be setting up for the next break either above $3,925 or below $3,875. In the short term, there could be a few bearish moves, but the $3,800 support is likely to hold losses. Below $3,800, the price could drop towards the $3,720 support.

Technical indicators

Hourly MACD – The MACD is currently in the bearish zone, with a few positive signs.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently flat near the 50 level.

Major Support Level – $3,830 followed by $3,800.

Major Resistance Level – $3,925. $3,950 and 4,000.

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Crypto Market Eyes Additional Gains: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis

  • The total crypto market cap traded towards the $132.5B level and later corrected lower.
  • EOS price traded above the $3.50 resistance and it is currently consolidating gains.
  • Binance Coin (BNB) rallied more than 10% and broke the $10.00 resistance area.
  • Bitcoin cash price is placed nicely above the $140 support, with a bullish bias.
  • Tron (TRX) price failed to stay above the $0.0250 support and later declined.

The crypto market started a downside correction, but it remains supported. Dips in bitcoin (BTC), Ethereum (ETH), Binance coin (BNB), BCH, ripple, EOS, TRX and ADA are likely to find buyers.

Bitcoin Cash Price Analysis

Bitcoin cash price gained traction recently and broke the $135 and $140 resistances against the US Dollar. The BCH/USD pair even traded above the $145 level and later started a downside correction. On the downside, the key supports are near $142 and $140, below which the price might test the $135 support.

On the upside, an initial resistance is near the $145 level, above which the next hurdle for buyers is at $148 and $150. In the short term, there could be range moves, but the price is likely to gain further above $145.

EOS, Tron (TRX) and BNB Price Analysis

EOS price gained a strong bullish momentum above the $3.00 resistance area. It broke the $3.25 and $3.50 resistance levels to register heavy gains. At the moment, the price is consolidating above the $3.50 support, with resistances near the $3.62 and $3.70 levels.

Tron price moved above the $0.0250 resistance level, but it failed to hold gains. TRX price topped below the $0.0255 resistance and later declined below the $0.0250 support. The price is down more than 2% and it seems like it could retest the $0.0245 support area in the near term.

Binance coin (BNB) rallied recently above the $9.50 and $10.00 resistance levels. BNB price gained more than 10% and even surpassed the $10.50 resistance. The next major hurdle for buyers is near the $11.00 level, above which the price might eye a test of the $12.00 level.

Crypto Market BNB EOS bitcoin cash TRX

Looking at the total cryptocurrency market cap hourly chart, there was a strong upward move above the $120.0B and $125.0B resistance levels. The market cap even broke the $130.0B resistance level and tested the $132.5B level, where it faced resistance. Later, it started a downside correction and declined below $130.0B. However, there are many supports near $126.0B, $125.0B, and a bullish trend line on the same chart. Therefore, as long as the market cap is above $125.0B, dips in bitcoin, ETH, tron, litecoin, EOS, ripple, ADA, stellar, BNB, BCH, XMR and other altcoins remain supported in the coming sessions.

The post Crypto Market Eyes Additional Gains: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis appeared first on NewsBTC.

Ripple Price Analysis: XRP Rally Unwinds But Not Likely Over

  • Ripple price gained traction and broke the $0.3400 resistance area before sellers appeared against the US dollar.
  • The price topped near the $0.3460 level and later started a sharp downside correction.
  • Yesterday’s highlighted major bullish trend line is intact with support near $0.3190 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price is likely preparing for a fresh upward move as long as it is above the $0.3100 support area.

Ripple price rallied sharply before trimming most of its gains against the US Dollar and bitcoin. XRP/USD remains supported on the downside above $0.3100 and it could bounce back soon.

Ripple Price Analysis

Yesterday, there was a solid upward move in ripple price above the $0.3200 resistance area against the US Dollar. The XRP/USD pair gained traction and broke the $0.3300 and $0.3320 resistance levels. It even broke the $0.3400 resistance and spiked above the $0.3450 level. The price topped near the $0.3460 level and later started a sharp downside correction. It declined below the $0.3320 support and the 50% Fib retracement level of the last wave from the $0.3036 low to $0.3459 high. Sellers even pushed the price below the $0.3250 support area.

However, the price found support near the $0.3160 level. The 61.8% Fib retracement level of the last wave from the $0.3036 low to $0.3459 high also acted as a support. Moreover, yesterday’s highlighted major bullish trend line is intact with support near $0.3190 on the hourly chart of the XRP/USD pair. Below the trend line, the next support is near the $0.3135 level. It coincides with the 76.4% Fib retracement level of the last wave from the $0.3036 low to $0.3459 high. The main support is near the $0.3100 level and the 100 hourly simple moving average.

Therefore, the price is likely to find a lot of buying interest near the $0.3160, $0.3130 and $0.3100 supports. If there is a downside break below the $0.3100 support, the price might move back in a bearish zone. On the other hand, if the price stays above $0.3100, it could start a fresh upward move above $0.3300.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price remains well supported above the $0.3100 level. In the short term, there could be range moves, but the price is likely to climb higher once again above $0.3300. The main resistance is near the $0.3350 level, above which there are high chances of gains above $0.3400 in the near term.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is slowly reducing its bearish slope.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is moving higher, but it is still below the 50 level.

Major Support Level – $0.3100

Major Resistance Level – $0.3350

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Ethereum Price Analysis: ETH Remains Buy On Dips, 100 SMA Holds Key

  • ETH price started a downside correction after testing the $149-150 resistance area against the US Dollar.
  • There was a break below a key bullish trend line with support at $146 on the hourly chart of ETH/USD (data feed via Kraken).
  • There was an increase in selling pressure and the price tested the $139-140 support area.
  • A few important supports are in place near the $141, $140 and $136 levels.

Ethereum price started a short term correction against the US Dollar and bitcoin. ETH/USD must stay above $136 and the 100 hourly simple moving average to bounce back.

Ethereum Price Analysis

In the past few days, ETH price climbed higher and broke the $135 and $140 resistances against the US Dollar. The ETH/USD pair even traded towards the $150 resistance zone, where sellers emerged. A top was formed just below the $150 level and later the price started a downside correction. It declined below the $146 support and the 23.6% Fib retracement level of the last leg from the $135 swing low to $150 swing high. It opened the doors for more gains and the price dropped towards the $140 support zone.

Moreover, there was a break below a key bullish trend line with support at $146 on the hourly chart of ETH/USD. The pair declined below the 50% Fib retracement level of the last leg from the $135 swing low to $150 swing high. However, there are many important supports are in place near the $141, $140 and $136 levels. The main support is near the $138 level. It coincides with the 76.4% Fib retracement level of the last leg from the $135 swing low to $150 swing high. Besides, the 100 hourly simple moving average is positioned near the $136 level to act as a strong support.

Therefore, if the price continues to decline, the $138 and $136 levels are likely to prevent losses. If there is a break and close below the 100 hourly SMA, the price might decline further towards the $130 level. On the other hand, if the price finds support near $138, it could start a fresh upward move.

Ethereum Price Analysis ETH Chart

Looking at the chart, ETH price corrected lower from the $150 resistance zone. However, dips remain supported as long as the price is above the $136 pivot zone. On the upside, an initial resistance is near $145, above which the price may retest $150.

ETH Technical Indicators

Hourly MACDThe MACD for ETH/USD moved back in the bearish zone, with a few bearish signs.

Hourly RSIThe RSI for ETH/USD is now just below the 50 level, with a bearish angle.

Major Support Level – $136

Major Resistance Level – $145

The post Ethereum Price Analysis: ETH Remains Buy On Dips, 100 SMA Holds Key appeared first on NewsBTC.

Bitcoin Price Watch: Chances of Much Larger BTC Bullish Breakout

  • Bitcoin price surged and broke the $3,720 and $3,880 resistance levels against the US Dollar.
  • The price traded close to the $4,000 resistance level and a new weekly high was formed at $3,955.
  • There is a connecting bullish trend line formed with support at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair corrected lower, but dips remain well supported above $3,800 and $3,720.

Bitcoin price rallied above the key $3,800 resistance against the US Dollar. BTC could move into a medium term uptrend if there is a successful daily close above $4,000 and $4,200.

Bitcoin Price Analysis

In the last couple of analysis, we discussed the chances of bitcoin price hitting the $4,000 level against the US Dollar. The BTC/USD pair did gain bullish momentum recently and broke the $3,650 and $3,720 resistance levels. There was a clear bullish break noted above the $3,800 resistance and the 100 hourly simple moving average. The main driving force was Ethereum, which rallied recently towards the $150 resistance level. It helped BTC to climb towards the $4,000 resistance area. A high was formed at $3,955 and later the price started a downside correction.

It declined below the $3,900 support and the 23.6% Fib retracement level of the last wave from the $3,553 low to $3,732 high. Sellers pushed the price towards the $3,840 level (the previous swing low), where buyers emerged. On the downside, there are many supports near the $3,800 level. More importantly, there is a connecting bullish trend line formed with support at $3,800 on the hourly chart of the BTC/USD pair. Besides, the 50% Fib retracement level of the last wave from the $3,553 low to $3,732 high is near the $3,819 level.

If there is a downside break below the $3,800 support, the price could test the $3,720 support level. An intermediate support is $3,750 and the 76.4% Fib retracement level of the last wave from the $3,553 low to $3,732 high. Therefore, dips remain well supported as long as the price stays above the $3,720 pivot level.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price is placed nicely in an uptrend above $3,800. On the upside, an initial resistance is at $3,950 and $4,000. However, the main resistance is at $4,200, where sellers could emerge. On the positive note, if there is a successful daily close above $4,000 and $4,200, the price is likely to start a medium term uptrend.

Technical indicators

Hourly MACD – The MACD is slowly gaining pace in the bearish zone, but with limited strength.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD corrected lower, but it is still above the 60 level.

Major Support Level – $3,820 followed by $3,800.

Major Resistance Level – $3,950 and 4,000.

The post Bitcoin Price Watch: Chances of Much Larger BTC Bullish Breakout appeared first on NewsBTC.

Crypto Market Adds $10B: Litecoin (LTC), Bitcoin Cash, Tron (TRX), XLM Price Analysis

  • The total crypto market cap added more than $10.0B recently and broke the $130.0B resistance.
  • Litecoin (LTC) price gained momentum and broke the $45 and $47 resistance levels.
  • Bitcoin cash price rallied close to 15% and tested the $150 resistance area.
  • Tron (TRX) price managed to climb back above the $0.0250 resistance zone.
  • Stellar (XLM) price is slowly correcting higher towards the $0.0880 and $0.0920 levels.

The crypto market extended gains, with bullish moves in bitcoin (BTC) and Ethereum (ETH). Besides, litecoin, ripple, bitcoin cash, tron (TRX), stellar (XLM) and other altcoins also gained traction.

Bitcoin Cash Price Analysis

Bitcoin cash price started a solid upward move recently and broke the $130 resistance against the US Dollar. The BCH/USD pair gained traction and surpassed the $140 and $145 resistance levels. The price is up close to 15% and it recently tested the $150 resistance level.

At the moment, the price is correcting lower towards the $146 and $145 support levels. The mains support on the downside is at $142 and the key resistance on the upside is at $150 and $155. In the short term, there could be a downside correction before a fresh wave towards $155.

Litecoin (LTC), Tron (TRX) and Stellar (XLM) Price Analysis

Litecoin price also moved higher and broke the $45 resistance area. LTC is up around 7% and it recently broke the $47 resistance. It seems like the current price action is positive, with chances of more upsides above the $48 and $50 resistance levels. On the downside, the key supports are visible near $46 and $45.

Tron price formed a support base near the $0.0240 level and later started an upside correction. TRX price moved above the $0.0250 resistance, opening the doors for a decent recovery. The next major hurdles for buyers are $0.0255 and $0.0262 in the near term.

Stellar price also started an upside correction and moved above the $0.0800 resistance. XLM price is currently trading above $0.0840 and it could soon test the $0.0880 resistance level. The main resistance is at $0.0920, above which it could test the $0.1000 resistance zone.

Crypto Market LTC Bitcoin Cash XLM TRX

Looking at the total cryptocurrency market cap hourly chart, buyers gained control above the $120.0B and $121.0B resistance levels. The market cap rallied and broke the $125.0B and $130.0B resistance levels. A high was formed near $131.0B and it is currently correcting lower. However, there is a strong support formed near the $126.0B level and a bullish trend line on the same chart. On the upside, the main resistances are $130.0B and $132.0B, followed by $135.0B. Therefore, dips remain supported in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, BNB, TRX and other altcoins in the coming sessions.

The post Crypto Market Adds $10B: Litecoin (LTC), Bitcoin Cash, Tron (TRX), XLM Price Analysis appeared first on NewsBTC.

Ripple Price Analysis: XRP Signaling Bullish Continuation

  • Ripple price followed Ethereum and bitcoin to move into a bullish zone above $0.3100 against the US dollar.
  • Buyers gained traction above the $0.3100 and $0.3150 resistance levels before sellers appeared near $0.3290.
  • There is a key bullish trend line formed with support near $0.3140 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price is currently correcting lower, but it remains supported above $0.3160 and $0.3140.

Ripple price jumped above key resistance levels against the US Dollar and bitcoin. XRP/USD is now trading with a positive bias and it could continue to rise towards $0.3300 and $0.3400.

Ripple Price Analysis

After a solid upward move in Ethereum and bitcoin, ripple price finally gained traction above $0.3050 against the US Dollar. The XRP/USD pair started a decent uptrend and broke the $0.3000 and $0.3060 resistance levels. The pair moved into a bullish zone above the $0.3100 resistance and the 100 hourly simple moving average. Buyers took control above the $0.3100 level, resulting in gains above the $0.3150 and $0.3200 resistance levels. The price traded close to the $0.3300 resistance and a new weekly high was formed at $0.3292.

Later, there was a sharp downside correction below $0.3260 and $0.3240. Besides, there was a break below the 23.6% Fib retracement level of the last wave from the $0.3052 low to $0.3292 high. The decline was such that the price tested the $0.3160 support area. An immediate support is near the $0.3150-0.3160 zone. It represents the 50% Fib retracement level of the last wave from the $0.3052 low to $0.3292 high. More importantly, there is a key bullish trend line formed with support near $0.3140 on the hourly chart of the XRP/USD pair.

Therefore, buyers are likely to take a stand near the $0.3160 and $0.3150 levels. If there are additional declines, the price could test the $0.3110 support. It coincides with the 76.4% Fib retracement level of the last wave from the $0.3052 low to $0.3292 high. The mains support is near the $0.3095-0.3100 zone (the previous resistance). To the topside, an initial resistance is at $0.3220, above which the price may rise towards $0.3260.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price clearly moved into a bullish zone above $0.3100. However, buyers need to protect declines below $0.3100. If they fail, the price might move back in a bearish zone to $0.3000. This week, buyers could target the $0.3400 and $0.3500 resistance levels as long as the price is above $0.3095.

Technical Indicators

Hourly MACD – The MACD for XRP/USD just moved into the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is correcting lower towards the 50 level.

Major Support Level – $0.3100

Major Resistance Level – $0.3260

The post Ripple Price Analysis: XRP Signaling Bullish Continuation appeared first on NewsBTC.

Ethereum Price Analysis: ETH Rally Takes Break, Uptrend Intact Above $140

  • ETH price extended the recent rally and traded above the $144 and $148 resistances against the US Dollar.
  • The price traded close to the $150 level and later started consolidating gains above $145.
  • There is a major bullish trend line in place with support at $142 on the hourly chart of ETH/USD (data feed via Kraken).
  • There could be a short term downside correction, but buyers remain in action above $140.

Ethereum price posted solid gains against the US Dollar and bitcoin. ETH/USD tested the $150 resistance area and it may now correct lower before a fresh bullish wave in the near term.

Ethereum Price Analysis

Yesterday, we saw a nasty upward move from the $125 swing low in ETH price against the US Dollar. The ETH/USD pair rallied above the $130 and $136 resistance levels to move into a bullish zone. Later, buyers gained traction and pushed the price above the $140 and $142 resistance levels. There was a bearish reaction noted near the $148 level and the price dipped towards the $140 support. Sellers failed to gain momentum, resulting in a fresh upward move above the $145 and $148 resistance levels. It traded close to the $150 resistance and settled well above the 100 hourly simple moving average.

At present, the price is consolidating gains above $145, with a few bearish moves. It broke the 23.6% Fib retracement level of the recent wave from the $134 low to $150 swing high. The last hourly candle is suggesting an increase in selling pressure below $150. However, there are many supports on the downside near the $145, $142 and $140 levels. More importantly, there is a major bullish trend line in place with support at $142 on the hourly chart of ETH/USD.

If there is a break below the trend line, the price could test the $140 support area. It coincides with the 61.8% Fib retracement level of the recent wave from the $134 low to $150 swing high. Any further losses could spark an extended downside correction below $138 and $136. To the topside, the $148 and $150 levels are strong barriers for buyers in the near term.

Ethereum Price Analysis ETH Chart

Looking at the chart, ETH price seems to be facing heavy offers near $150. Therefore, there could be a couple of swing moves above $140 before a fresh upward move. Above $150, the next target for might be $154 and $155.

ETH Technical Indicators

Hourly MACDThe MACD for ETH/USD is currently in the bearish zone, but with a few bullish signs.

Hourly RSIThe RSI for ETH/USD is currently correcting lower towards the 60 level.

Major Support Level – $140

Major Resistance Level – $150

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Bitcoin Price Watch: BTC Turned Buy On Dips, Uptrend Intact

  • Bitcoin price formed a strong support near the $3,550 level and traded higher against the US Dollar.
  • There was a break above a major bearish trend line with resistance at $3,610 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair broke the $3,650 and $3,700 resistance levels to move into a positive zone.
  • A high was formed at $3,732 before the price started a downside correction.

Bitcoin price gained traction and broke the key $3,600 resistance against the US Dollar. BTC is now placed nicely in a positive zone and dips remain supported near $3,620 and $3,600.

Bitcoin Price Analysis

There was a brief consolidation this past week above the $3,550 support in bitcoin price against the US Dollar. The BTC/USD pair formed a strong support near the $3,550 level and later traded higher. The price gained traction and broke many resistances, including $3,580 and $3,600. It opened the doors for more gains and the price even settled above $3,600 and the 100 hourly simple moving average. During the upward move, there was a break above a major bearish trend line with resistance at $3,610 on the hourly chart of the BTC/USD pair.

The pair even cleared the $3,700 resistance and traded to a new weekly high at $3,732. Later, there was a downside correction below the $3,700 level. Sellers pushed the price below the 23.6% Fib retracement level of the last wave from the $3,553 low to $3,732 high. However, there are many supports near the $3,640 and $3,620 levels. An initial support is $3,645 and the 50% Fib retracement level of the last wave from the $3,553 low to $3,732 high.

The main support is near the $3,620 level (the previous breakout resistance). It also coincides with the 61.8% Fib retracement level of the last wave from the $3,553 low to $3,732 high. Therefore, if there is a downside correction below $3,660, the price could find support near the $3,640 and $3,620 levels. On the upside, an initial resistance is near the $3,700 level, above which the price may perhaps test $3,750.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price clearly broke a few important resistances near $3,600 to move into a bullish zone. The current price action is positive, with chances of more gains above $3,700 and $3,750. The next key resistance above $3,750 is near the $3,880 level.

Technical indicators

Hourly MACD – The MACD is placed heavily in the bullish zone, signaling a strong upward move in the short term.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently retreating from the overbought levels.

Major Support Levels – $3,640 followed by $3,620 and $3,600.

Major Resistance Levels – $3,700, $3,720 and 3,740.

The post Bitcoin Price Watch: BTC Turned Buy On Dips, Uptrend Intact appeared first on NewsBTC.

Crypto Market Could Extend Gains: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis

  • The total crypto market cap gained momentum and broke the $118.0B resistance level.
  • EOS price broke the $2.85 resistance and it is currently approaching the $3.00 resistance.
  • Bitcoin cash price is up more than 5% and it could soon test the $130 level.
  • Tron (TRX) price is facing a strong resistance near the $0.0250 and $0.0255 levels.
  • Cardano (ADA) price rallied and broke the $0.0400 and $0.0420 resistance levels.

The crypto market gained bullish momentum, with gains in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron, ADA and other altcoins are also placed nicely above key supports.

Bitcoin Cash Price Analysis

Bitcoin cash price formed a decent support near the $120 level against the US Dollar. The BCH/USD pair started a fresh upward move and it recently broke the $124 and $125 resistance levels. The pair is now trading above the $128 level and it seems like it could soon test the $130 level.

Above $130, the next key resistance is near the $135 level, where sellers might appear. On the downside, the previous resistance near the $125 level may act as a support if there is a downside correction.

EOS, Tron (TRX) and ADA Price Analysis

EOS price traded with a lot of bullish moves in the past few days above the $2.55 resistance. The price recently broke the $2.80 and $2.85 resistance levels to move into a bullish zone. It seems like the price might continue to move higher above the $3.00 resistance. On the downside, an initial support is at $2.90, below which the price could test the $2.85 level.

Tron price settled below the $0.0255 support this past week, with a few bearish moves. TRX price is currently consolidating above the $0.0240 support, but it is facing a strong resistance near the $0.0250 and $0.0255 levels.

Cardano price is up more than 4% and it settled above the $0.0400 resistance level. ADA price recently broke the $0.0420 resistance, opening the doors for more gains. If buyers remain in action, there are chances of a push towards the $0.0450 resistance in the near term.

Crypto Market Cap Bitcoin BCH EOS TRON ADA

Looking at the total cryptocurrency market cap hourly chart, there was a decent support formed near the $115.0B and $116.0B levels. The market cap started a strong upward move and broke the $118.0B and $120.0B resistance levels. It traded close to the $124.0B level and it is currently consolidating gains. It seems like there could be a minor dip, but the $120.0B level is likely to act as a strong support. Therefore, if there is a downside correction, bitcoin, ETH, XRP, tron, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins could find buyers.

The post Crypto Market Could Extend Gains: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis appeared first on NewsBTC.

Ripple Price Analysis: XRP Likely To Gain Bullish Momentum Above $0.3100

  • Ripple price formed a solid support near the $0.2940 and traded higher against the US dollar.
  • There was a break above two key bearish trend lines with resistance near $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price tested the $0.3040 and $0.3050 resistance levels, where sellers emerged.
  • In the short term, there could be a minor downside correction before the price spikes above $0.3050 and $0.3080.

Ripple price is holding a few important supports against the US Dollar and Bitcoin. XRP/USD is likely to gain bullish momentum once buyers surpass the $0.3080 and $0.3100 resistance levels.

Ripple Price Analysis

After a few bearish moves, ripple price formed a solid support near the $0.2940 level against the US Dollar. The XRP/USD pair started a decent upside correction and traded above the $0.2960 and $0.2980 resistance levels. During the climb, the price broke the 50% Fib retracement level of the last drop from the $0.3088 high to $0.2940 low. It opened the doors for more gains above the $0.2980 resistance. Later, the price settled above the $0.3000 resistance and the 100 hourly simple moving average.

Besides, there was a break above two key bearish trend lines with resistance near $0.2980 on the hourly chart of the XRP/USD pair. The pair traded close to the $0.3040 and $0.3050 resistance levels, where sellers emerged. The recent high was formed at $0.3044 and the price is currently consolidating. An initial support is near the 23.6% Fib retracement level of the recent wave from the $0.2940 low to $0.3044 high. However, the main support is near the $0.3000 level, which was a crucial resistance earlier.

The next support is near the $0.2990 level and the 50% Fib retracement level of the recent wave from the $0.2940 low to $0.3044 high. More importantly, the 100 hourly SMA is also near the $0.2900 level to act as a solid support in the near term. To the upside, an initial resistance is near the $0.3050 level, followed by $0.3080. The main resistance is close to the $0.3100 level, above which buyers are likely to gain strength.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price seems to be placed nicely above the $0.3000 support. However, a proper break above $0.3040 and $0.3050 is needed for more gains. In the short term, there could be a few bearish moves, but the price is likely to gain pace above $0.3050 and $0.3080

Technical Indicators

Hourly MACD – The MACD for XRP/USD is gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just placed well above the 60 level.

Major Support Level – $0.2990

Major Resistance Level – $0.3080

The post Ripple Price Analysis: XRP Likely To Gain Bullish Momentum Above $0.3100 appeared first on NewsBTC.

Ethereum Price Analysis: ETH Rallies Above Key Resistance, Next Target $145

  • ETH price gained strength above the $125 and $130 resistance levels against the US Dollar.
  • There was a proper close above the $130 resistance level and the 100 hourly simple moving average.
  • There is a key bullish trend line in place with support at $128 on the hourly chart of ETH/USD (data feed via Kraken).
  • The price is likely to continue higher and the next targets for buyers could be $140 and $145.

Ethereum price is gaining strength above key levels against the US Dollar and bitcoin. ETH/USD is placed nicely above $130 and it could accelerate towards $145 in the near term.

Ethereum Price Analysis

In the past few sessions, there was a solid upward move from the $120 swing low in ETH price against the US Dollar. The ETH/USD pair gained strength and broke many important resistances such as $125 and $130. There was a proper close above the $130 resistance level and the 100 hourly simple moving average. Recently, there was a tiny bearish reaction from the $130 resistance, but the $124 level acted as a solid support. The price rallied and broke the $130 and $132 resistances. A new monthly high was formed near $135, with bullish moves.

After testing the $135 resistance, there was a minor downside correction. ETH dipped below the $133 level, but the $132 level acted as a support. Moreover, the 23.6% Fib retracement level of the recent wave from the $123 low to $135 high acted as a support. On the downside, there seems be a lot of supports forming near the $130 and $129 levels. Besides, the 50% Fib retracement level of the recent wave from the $123 low to $135 high is also near the $129 level.

More importantly, there is a key bullish trend line in place with support at $128 on the hourly chart of ETH/USD. Therefore, if the pair corrects lower in the short term, there could be a strong buying interest near the $129 and $130 levels.

Ethereum Price Analysis ETH Chart

Looking at the chart, ETH price is gaining strength above the $132 resistance levels. It will most likely break the $135 level and extend gains in the coming sessions. The next target for buyers could be $140, followed by the $145 pivot level. On the downside, the main support is near $130, below which the price may perhaps test the $125 support zone.

ETH Technical Indicators

Hourly MACDThe MACD for ETH/USD is placed heavily in the bullish zone, with a positive bias.

Hourly RSIThe RSI for ETH/USD is currently near the overbought levels, with no major correction signal.

Major Support Level – $132, followed by $130

Major Resistance Level – $135 and $140

The post Ethereum Price Analysis: ETH Rallies Above Key Resistance, Next Target $145 appeared first on NewsBTC.

Bitcoin Price Weekly Analysis: BTC Signaling Bullish Continuation, $4K Incoming?

  • Bitcoin price started a downside correction after a sharp move towards $3,750 against the US Dollar.
  • The price corrected lower and tested the $3,540-3,530 support area, where buyers emerged.
  • Later, there was a break above a key bullish flag with resistance near $3,570 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
  • The pair is placed nicely in a positive zone and it could continue to move higher towards $3,650 and $3,800.

Bitcoin price is slowly gaining bullish momentum against the US Dollar. BTC/USD remains in a decent uptrend, with high chances of a bull run towards the $4,000 resistance in the near term.

Bitcoin Price Analysis

Recently, bitcoin price spiked sharply from the $3,350 support area against the US Dollar. The BTC/USD pair rallied and broke the $3,500 and $3,600 resistance levels. There was also a break above $3,700 level and the 100 simple moving average (4-hours). Buyers pushed the price towards the $3,750 level and a new monthly high was formed near the $3,745 level. Finally, the price started a downside correction and traded below the $3,700 level. There was even a break below the $3,650 level, but the price remained well above the 100 simple moving average (4-hours).

During the decline, the price broke the 23.6% Fib retracement level of the last wave from the $3,343 low to $3,744 high. The price traded below the $3,600 level, but buyers appeared near the $3,540-3,530 support area. Moreover, the 50% Fib retracement level of the last wave from the $3,343 low to $3,744 high also acted as a support. A new support base was formed near $3,340 before the price moved higher. Recently, there was a break above a key bullish flag with resistance near $3,570 on the 4-hours chart of the BTC/USD pair. The pair is now placed nicely above the $3,550 level, with a bullish angle.

On the upside, an initial resistance is near the $3,600 level, above which there are chances of more gains. The main resistance is near the $3,750 level, followed by $3,800. If buyers remain in action, the price could even test the $4,000 barrier.

Bitcoin Price Analysis BTC Chart

Looking at the chart, BTC price is showing positive signs above the $3,550 level. Should bitcoin fail to gain pace above the $3,600 level, there could be a bearish reaction. An initial support is at $3,540, below which the price could test the $3,500 support area.

Technical indicators

4 hours MACD – The MACD for BTC/USD is slowly moving in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is currently placed above the 50 level.

Major Support Level – $3,540

Major Resistance Level – $3,600

The post Bitcoin Price Weekly Analysis: BTC Signaling Bullish Continuation, $4K Incoming? appeared first on NewsBTC.

Ripple Price Weekly Analysis: XRP At Risk of Sharp Bearish Reaction

  • Ripple price is struggling to clear the $0.3000 and $0.3100 resistance levels against the US dollar.
  • There is a crucial bearish trend line formed with resistance at $0.3000 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
  • The pair must gain momentum above $0.3000 and the 100 simple moving average (4-hours) for more gains.
  • On the downside, a break below the $0.2940 support could trigger bearish moves in the near term.

Ripple price corrected lower after a decent upward move against the US Dollar and bitcoin. XRP/USD is likely to make the next move either above $0.3000 or below $0.2900.

Ripple Price Analysis

After forming a support near the $0.2850 level, ripple price made a nice upward move against the US Dollar. The XRP/USD pair rallied and broke the $0.3000 and $0.3150 resistance levels. The price traded close to the $0.3200 level, where sellers emerged. A high was formed at $0.3198 before the price started a downside correction. There was a sharp decline below the $0.3100 and $0.3000 support levels. Sellers pushed the price below the 50% Fib retracement level of the last wave from the $0.2853 low to $0.3198 high. Besides, there was a close below the $0.3000 level and the 100 simple moving average (4-hours).

Similarly, there were bearish moves in bitcoin, Ethereum, eos, litecoin and other altcoins. Later, ripple found support near the $0.2940 and $0.2950 levels. It traded close to the 76.4% Fib retracement level of the last wave from the $0.2853 low to $0.3198 high. Finally, the price started trading in a range between the $0.2940 and $0.3050 levels. On the upside, there is a crucial bearish trend line formed with resistance at $0.3000 on the 4-hours chart of the XRP/USD pair. Therefore, a break above the trend line and $0.3040 could open the doors for more gains. The next key resistance is near the $0.3110 level, above which the price may test $0.3200.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price seems to be trading in a range above $0.2940 and preparing the next move. If there is a downside break below $0.2940, the price could test the $0.2850 support area. The next key support is near $0.2770 and the 1.236 Fib extension level of the last wave from the $0.2853 low to $0.3198 high. The overall price action is slightly bearish, but the $0.2940 support might continue to hold losses.

Technical Indicators

4 hours MACD – The MACD for XRP/USD is showing a few bearish signs in the bearish zone.

4 hours RSI (Relative Strength Index) – The RSI for XRP/USD just moved below the 50 level.

Major Support Level – $0.2940

Major Resistance Level – $0.3000

The post Ripple Price Weekly Analysis: XRP At Risk of Sharp Bearish Reaction appeared first on NewsBTC.

Ethereum Price Weekly Analysis: ETH Primed To Rise Further Above $125

  • ETH price started a major consolidation after a nasty upward move above $120 against the US Dollar.
  • There is a contracting triangle in place with resistance at $124 on the 4-hours chart of ETH/USD (data feed via Kraken).
  • The pair is likely to accelerate higher once it breaks the $124 and $125 resistance levels in the near term.
  • On the other hand, a break below $119 might call for more declines towards the $114 or $110 level.

Ethereum price is placed nicely in a positive zone versus the US Dollar and Bitcoin. ETH/USD could soon make the next move either above $125 or below the $119 support.

Ethereum Price Analysis

This past week, there was a solid upward move above the $120 resistance in ETH price against the US Dollar. The ETH/USD pair traded towards the $125 area, where sellers emerged. Later, the price started a major consolidation pattern below the $125 zone. During the consolidation, there were a few attempts to clear the $125 resistance, but buyers failed. Besides, there were bearish waves as well towards the $120 level. The last swing low was formed at $115 and the last swing high was near $124. The price is currently trading near the $122 level and well above the 100 simple moving average (4-hours).

The 23.6% Fib retracement level of the last wave from the $115 low to $124 high is near the $122 level to act as a support. It seems like there is a contracting triangle in place with resistance at $124 on the 4-hours chart of ETH/USD. If there is an upside break above the triangle resistance and $125, there are chances of a solid upside continuation. The next resistance above $125 is near the $128 and $130 levels. The main resistance is at $134, where sellers are likely to appear.

On the other hand, if there is a downside break below the $120 and $119 supports, there could be more losses. The next key support is at $118 and the 61.8% Fib retracement level of the last wave from the $115 low to $124 high. Below $118, the price could test $116 and the 100 simple moving average (4-hours).

Ethereum Price Analysis ETH Chart

The above chart indicates that ETH price is likely preparing for the next key break either above $124 or below $119 in the near term. Even if there is a downside break, the price remains supported above $115.

Technical Indicators

4 hours MACD – The MACD for ETH/USD is about to move back in the bullish zone.

4 hours RSI – The RSI for ETH/USD is currently well above the 50 level.

Major Support Level – $115

Major Resistance Level – $125

The post Ethereum Price Weekly Analysis: ETH Primed To Rise Further Above $125 appeared first on NewsBTC.

Bitcoin Price Watch: BTC Buyers Eye Next Crucial Bullish Break

  • Bitcoin price dived with bearish moves and retested the key $3,540 support area against the US Dollar.
  • There is a crucial declining channel in place with resistance at $3,585 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • A break above the channel resistance and $3,600 could spark more upsides in the near term.
  • On the downside, the main supports for buyers are near $3,540 and $3,500.

Bitcoin price is consolidating above key supports against the US Dollar. BTC buyers are eyeing the next bullish break above the $3,600 resistance area in the near term.

Bitcoin Price Analysis

There were a couple of rejections noted near the $3,600 resistance in bitcoin price against the US Dollar. The BTC/USD pair declined recently and broke the $3,570 and $3,550 support levels. The price even broke the 61.8% Fib retracement level of the upward move from the $3,538 low to $3,635 high. However, the decline was protected by the key $3,540 support area. A low was formed near the $3,534 and later the price bounced back above the $3,550 level.

Buyers pushed the price above the 23.6% Fib retracement level of the recent decline from the $3,632 high to $3,534 low. However, there is a strong resistance formed near the $3,585 and $3,600 levels. The 100 hourly simple moving average is also near the $3,585 level. More importantly, there is a crucial declining channel in place with resistance at $3,585 on the hourly chart of the BTC/USD pair. Besides, the 50% Fib retracement level of the recent decline from the $3,632 high to $3,534 low is at $3,583.

Therefore, a break above the $3,585 and $3,600 resistance levels is a must for an upside acceleration. The next key resistance is near the $3,630 level, above which the price could rally towards the $3,700 level. An intermediate resistance is $3,655 and the 1.236 Fib extension level of the recent decline from the $3,632 high to $3,534 low.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price seems to be facing a strong resistance near $3,600. There are two possible scenarios, first, the price breaks the channel resistance and trades towards the $3,630 and $3,655 levels. Second, it declines once again towards the $3,540 support. If there are more losses below $3,540, the next major support can be seen near the $3,500 level.

Technical indicators

Hourly MACD – The MACD is slightly placed in the bullish zone, with a few positive signs.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is placed nicely above the 50 level, with a minor bearish angle.

Major Support Level – $3,540 followed by $3,500.

Major Resistance Level – $3,585 and 3,600.

The post Bitcoin Price Watch: BTC Buyers Eye Next Crucial Bullish Break appeared first on NewsBTC.

Crypto Market at Key Turning Point: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis

  • The total crypto market cap seems to be struggling near the $118.0B and $119.0B resistances.
  • EOS price started a downside correction and declined below the $2.85 support level.
  • Binance Coin (BNB) is performing nicely and it is currently up around 2.5% to $9.20.
  • Bitcoin cash price is currently consolidating above the $122 support level.
  • Tron (TRX) price broke a key support and settled below the $0.0250 level.

The crypto market is facing an uphill task, with bearish moves. Therefore, there is a risk of bearish reaction in bitcoin (BTC), Ethereum (ETH), Binance coin (BNB), BCH, ripple, EOS, TRX and ADA.

Bitcoin Cash Price Analysis

Bitcoin cash price struggled to stay above the $125 resistance level and later declined against the US Dollar. The BCH/USD pair moved below the $124 level and tested the $122 support. The pair is currently consolidating above the $122 support, with the next immediate support at $120.

If there is a fresh upward move, the price could face a strong resistance near the $125 level. On the downside, a break below the $120 support level might spark heavy bearish moves in the near term.

EOS, Tron (TRX) and BNB Price Analysis

EOS price rallied recently and traded towards the $2.95 and $3.00 resistance levels. Later, it started a downside correction and traded below the $2.85 and $2.80 support levels. The next key support is near $2.75 and $2.72, where buyers are likely to emerge.

Tron started failed to stay above the $0.0270 and $0.0265 support levels. TRX price declined recently and broke the $0.0255 and $0.0250 support levels. The price is currently trading near the $0.0240 level, with an immediate support at $0.0235. The main resistance is at $0.0255 (the previous support level).

Binance coin (BNB) performed really well in the past few days and rallied above the $8.00 and $9.00 resistance levels. BNB even traded above the $9.50 level and later corrected lower. The price is currently trading above $9.10 and it seems like it could revisit the $9.50 resistance in the coming sessions.

Crypto Market Cap BNB EOS BCH Bitcoin TRX

Looking at the total cryptocurrency market cap hourly chart, there was a downside correction from well above the $120.0B level. The market cap declined below the $118.0B support and tested the $115.0B support. It is currently consolidating in a range, plus facing a strong resistance near the $118.0B and $119.0B levels. As long as the market cap is below the $118.0B and $119.0B levels, there is a risk of a downside reaction. On the downside, a break below the $115.0B support could spark bearish moves in bitcoin, ETH, tron, litecoin, EOS, ripple, stellar, litecoin and other altcoins in the near term.

The post Crypto Market at Key Turning Point: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis appeared first on NewsBTC.

Ripple Price Analysis: XRP’s Downside Thrust Before Fresh Upside

  • Ripple price is currently trading well below the $0.3045 and $0.3070 resistances against the US dollar.
  • There is a major bearish trend line formed with resistance at $0.3070 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • Recently, there was a break below a connecting bullish trend line with support at $0.3000.
  • The pair could correct a few points in the short term, but there are chances of a sharp drop to $0.2940 or $0.2910.

Ripple price continues to trade in a bearish zone against the US Dollar and Bitcoin. XRP/USD might dive towards the $0.2900 area before starting a fresh upward move.

Ripple Price Analysis

After trading as high as $0.3094, ripple price traded below the $0.3070 support against the US Dollar. The XRP/USD pair declined steadily and traded below the $0.3050 and $0.3040 support levels. There was a break below the 61.8% Fib retracement level of the last wave from the $0.2941 low to $0.3094 high. It opened the doors for more losses below the $0.3000 support. Later, there was a break below a connecting bullish trend line with support at $0.3000 on the hourly chart of the XRP/USD pair. The pair tested the $0.2970 swing low and later started trading in a range.

The price is currently trading well below the $0.3045 resistance and 100 hourly simple moving average. The recent low was $0.2971 and it seems like the price might correct higher in the short term. An initial resistance is near $0.3030 and the 50% Fib retracement level of the last drop from the $0.3094 high to $0.2971 low. However, the main resistance is near the $0.3070-0.3080 area. More importantly, there is a major bearish trend line formed with resistance at $0.3070 on the same chart. The 61.8% Fib retracement level of the last drop from the $0.3094 high to $0.2971 low is also near $0.3047 to act as a resistance. Therefore, if there is an upside correction, the price could face a strong resistance near $0.3045 and $0.3060.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price seems to be trading in a bearish zone below the $0.3060 resistance. If sellers gain control, there is a risk of a downside thrust below the $0.2970 low. The next support is at $0.2945, below which the price could drop towards the $0.2900 area. As long as the price is trading above the $0.2900 support zone, it is likely to bounce back above $0.3060 and $0.3100.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is slowly moving in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just below the 50 level, with a bullish angle.

Major Support Level – $0.2940

Major Resistance Level – $0.3060

The post Ripple Price Analysis: XRP’s Downside Thrust Before Fresh Upside appeared first on NewsBTC.

Ethereum Price Analysis: ETH Losing Bullish Momentum, Downsides Limited

  • ETH price struggled to stay above the $121 and $119 support levels against the US Dollar.
  • This week’s followed major bullish trend line was breached with support at $121 on the hourly chart of ETH/USD (data feed via Kraken).
  • There is a new connecting bearish trend line in place with resistance at $121 on the same chart.
  • The price could revisit $121-122 resistance zone, where sellers are likely to reemerge.

Ethereum price is pointing a few bearish signs against the US Dollar and bitcoin. ETH/USD is now at a risk of an extended decline towards the $117 or $114 support level in the near term.

Ethereum Price Analysis

In the past few days, we saw range moves in ETH price below the $124 and $125 resistances against the US Dollar. The ETH/USD pair failed to break the $125 resistance and it recently declined below the $121 and $119 support levels. The decline was such that there was a spike below the $117 level and the 100 hourly simple moving average. More importantly, this week’s followed major bullish trend line was breached with support at $121 on the hourly chart of ETH/USD. The pair traded close to the $115 support and later bounced back sharply above $117.

Buyers were able to take the price above the 50% Fib retracement level of the recent decline from the $125 high to $115 low. However, the previous support levels near $121 and $122 are acting as hurdles for buyers. Besides, there is a new connecting bearish trend line in place with resistance at $121 on the same chart. The price also struggled to clear the 61.8% Fib retracement level of the recent decline from the $125 high to $115 low. At the moment, it seems like the price might jump above the $121 level, but upsides are likely to remain capped. If buyers struggle to push the price above the $122-123 zone, there could be a fresh decline.

Ethereum Price Analysis ETH Chart

Looking at the chart, ETH price is somewhat struggling below the $122-123 resistance zone. Having said that, the price needs to clear the last swing high at $125 to continue higher in the near term. If not, there is a risk of more losses below $119 and $117 in the near term. The main supports for a major decline is around the $114 and 115 levels.

ETH Technical Indicators

Hourly MACDThe MACD for ETH/USD could move back in the bullish zone, but there are many negative signs visible.

Hourly RSIThe RSI for ETH/USD jumped higher after testing the 40 level and it is currently just above 50.

Major Support Level – $117

Major Resistance Level – $125

The post Ethereum Price Analysis: ETH Losing Bullish Momentum, Downsides Limited appeared first on NewsBTC.

Bitcoin Price Watch: BTC Set For Further Gains, Downsides Limited

  • Bitcoin price stayed above the key $3,560 support area, with range moves against the US Dollar.
  • This’s week’s followed bearish trend line is intact with resistance at $3,590 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The price could gain bullish momentum if there is a proper close above $3,590 and $3,600.

Bitcoin price is trading nicely in a bullish zone above $3,560 against the US Dollar. BTC is likely to accelerate gains above $3,600 as long as the price stays above the $3,540 support.

Bitcoin Price Analysis

After trading as low as $3,538, bitcoin price moved higher against the US Dollar. The BTC/USD pair broke the $3,560 and $3,575 resistance levels. There was even a spiked above the $3,600 resistance and the 100 hourly simple moving average. However, the price struggled to hold gains above the $3,600 and $3,610 levels. It was rejected near the 61.8% Fib retracement level of the downside move from the $3,660 high to $3,538 low. The price declined below $3,580, but there was a fresh upward move above the $3,600 level. A new intraday high was formed at $3,632 and the price dipped below $3,585.

Sellers pushed the price below the 61.8% Fib retracement level of the last wave from the $3,538 low to $3,632 high. However, the decline was protected by the key $3,560 support area. Besides, the 76.4% Fib retracement level of the last wave from the $3,538 low to $3,632 high acted as a support. At the outset, the price is moving higher towards the $3,600 resistance. More importantly, this week’s followed bearish trend line is intact with resistance at $3,590 on the hourly chart of the BTC/USD pair. Therefore, a successful break above the trend line and $3,600 is must for buyers to gain traction. The next targets for buyers could be $3,630 and $3,680 in the near term.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price is confined in a tiny range below the $3,600 resistance. On the downside, the main support is at $3,560, below which there is a risk of a drop towards the $3,530 support area. Should sellers regain strength, there are chances of an extended correction towards the $3,480 level. An intermediate support is at $3,515 and $3,516. These levels represent the 1.236 Fib extension level of the last wave from the $3,538 low to $3,632 high.

Technical indicators

Hourly MACD – The MACD is mostly flat in the bearish zone, with a few positive signs.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD just moved above the 50 level, but it shows lack in momentum.

Major Support Level – $3,560

Major Resistance Level – $3,600

The post Bitcoin Price Watch: BTC Set For Further Gains, Downsides Limited appeared first on NewsBTC.

Ripple Price Analysis: Upsides In XRP Remain Attractive To Sellers

  • Ripple price climbed higher, but it failed near the $0.3100 resistance area against the US dollar.
  • There is a new connecting bullish trend line formed with support at $0.3000 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could break the $0.3000 support and accelerate losses towards $0.2910 in the near term.

Ripple price remained below key resistances against the US Dollar and Bitcoin. XRP/USD may correct higher, but upsides are likely to face a strong selling interest near $0.3100.

Ripple Price Analysis

In the past couple of days, there were bearish moves in ripple price below the $0.3120 pivot against the US Dollar. The XRP/USD pair made two attempts to surpass the $0.3100 and $0.3120 resistance levels, but it failed. On the other hand, bitcoin and Ethereum remained in the bullish zone above $3,550 and $120 respectively. Recently, there was an upward move above the $0.3050 level and the 100 hourly simple moving average. However, sellers protected gains near $0.3100 and a high was formed at $0.3094. Later, there was a sharp bearish reaction and the price declined below the $0.3040 support.

There was even a close below $0.3040 and the 100 hourly simple moving average. The price also traded below the 61.8% Fib retracement level of the last leg from the $0.2940 low to $0.3094 high. Somehow, buyers were able to protect the $0.3000 support area. The 76.4% Fib retracement level of the last leg from the $0.2940 low to $0.3094 high also acted as a support. At the outset, the price is trading just above the $0.3000 support, with a bearish angle. More importantly, there is a new connecting bullish trend line formed with support at $0.3000 on the hourly chart of the XRP/USD pair. If there is a downside break below the trend line and $0.2980, there could be more losses. The next support is positioned near the $0.2910 level. Additionally, the 1.236 Fib extension level of the last leg from the $0.2940 low to $0.3094 high is also near $0.2910.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price is clearly struggling to stay above the $0.3000 support area. Should sellers gain momentum, there is a risk of more losses towards $0.2915 and $0.2905. On the upside, the main hurdles for buyers are near $0.3040, $0.3050, $0.3090 and $0.3100. A close above $0.3100, followed by a follow through above $0.3120 is needed for a bullish acceleration.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is showing a few negative signs in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD moved below the 50 level, with a bearish angle.

Major Support Level – $0.2980

Major Resistance Level – $0.3040

The post Ripple Price Analysis: Upsides In XRP Remain Attractive To Sellers appeared first on NewsBTC.

Ethereum Price Analysis: ETH Primed For Further Gains Above $125

  • ETH price remained nicely supported on the downside above $120 and $118 against the US Dollar.
  • Yesterday’s highlighted key bullish trend line is intact with support at $120 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is following a bullish structure and it could continue to move higher above $125 in the near term.

Ethereum price is slowly gaining bullish momentum against the US Dollar and bitcoin. ETH/USD is likely to break the recent high and trade above the $128 and $130 resistance levels.

Ethereum Price Analysis

In the past few sessions, there were mostly range moves below the $125 resistance in ETH price against the US Dollar. The ETH/USD pair dipped towards the $118 and $120 supports on a couple of occasions. However, buyers were able to defend losses, resulting in a bullish reaction. Recently, there was a nice upward move and the price spiked above the $125 resistance, but buyers failed to hold gains. A high was formed at $125.41 and later the price corrected lower. It dipped below the $124 and $122 levels. Besides, there was a break below the 50% Fib retracement level of the recent wave from the $117 low to $125 swing low.

The decline found support near the key $120 level. More importantly, yesterday’s highlighted key bullish trend line is intact with support at $120 on the hourly chart of ETH/USD. The pair also tested the 61.8% Fib retracement level of the recent wave from the $117 low to $125 swing low. At the outset, the price is trading nicely above the $120 support and the 100 hourly simple moving average. It seems like the price may continue to trade in a range above $120 before the next move. If there is a downside break below $120, $119, and the 100 hourly SMA, there could be more declines. The next stop for buyers could be the $115 area. It coincides with the 1.236 Fib extension level of the recent wave from the $117 low to $125 swing low.

Ethereum Price Analysis ETH Chart

Looking at the chart, ETH price is clearly trading nicely above the $120 support. Having said that, buyers need the $125 resistance to gain strength. A clear break and follow through above $125 and $126 could set the pace for more upsides. The next key targets could be $128 and $130 in the near term.

ETH Technical Indicators

Hourly MACDThe MACD for ETH/USD is about to move back in the bullish zone, with positive signs.

Hourly RSIThe RSI for ETH/USD is currently placed well above the 50 level, with no bearish sign.

Major Support Level – $120

Major Resistance Level – $125

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Bitcoin Price Watch: BTC Could Accelerate Gains Above $3,650

  • Bitcoin price is holding the key support near the $3,580 zone against the US Dollar.
  • Yesterday’s contracting triangle is in place with resistance near $3,610 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The price is likely preparing for the next bullish break above $3,610, $3,620 and $3,650.

Bitcoin price is setting up for the next crucial break against the US Dollar. BTC could gain bullish momentum if it clears the $3,620 and $3,650 resistance levels in the near term.

Bitcoin Price Analysis

Recently, we saw an intermediate high at $3,658 in bitcoin price against the US Dollar. Later, the BTC/USD pair corrected lower and traded below the $3,600 and $3,580 support levels. However, the $3,540 and $3,550 support levels acted as a strong barrier for sellers. A low was formed at $3,539 and later the price bounced back above $3,580. The price broke the $3,600 resistance and the 100 hourly simple moving average. Besides, there was a break above the 50% Fib retracement level of the last drop from the $3,658 high to $3,539 low.

However, the price faced a strong resistance near the $3,610-3,620 zone. More importantly, yesterday’s contracting triangle is in place with resistance near $3,610 on the hourly chart of the BTC/USD pair. The pair seems to be struggling near the 61.8% Fib retracement level of the last drop from the $3,658 high to $3,539 low. Therefore, a successful break above $3,610 and follow through above $3,620 could set the pace for more gains. The main resistance is at $3,650, above which the price might revisit $3,720. On the other hand, a downside break below $3,580 could encourage sellers to push the price further lower.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price seems to be setting up for the next key break either above $3,620 or below $3,580. The price action is positive, but buyers need to gain strength above $3,620 for a proper follow through.

Technical indicators

Hourly MACD – The MACD is currently flat in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is placed above the 50 level, with a bullish angle.

Major Support Level – $3,580

Major Resistance Level – $3,620

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Crypto Market Eyes New Highs: Bitcoin Cash, EOS, XLM, TRX Analysis

  • The total crypto market cap is showing positive signs above the $117.0B support level.
  • Bitcoin cash price is gaining momentum and it could break the $125 and $128 resistances.
  • EOS price rallied more than 5% and it looks set to break the $3.00 hurdle.
  • Stellar (XLM) is slowly correcting higher towards the $0.0800 and $0.0820 resistances.
  • Tron (TRX) is slightly under pressure below the $0.0255 support level.

The crypto market could accelerate higher in the near term. Bitcoin (BTC), BCH, Ethereum, EOS, ripple, stellar (XLM), tron (TRX) and other major altcoins are likely to gain traction.

Bitcoin Cash Price Analysis

Bitcoin cash price found a strong buying interest above the $120 level against the US Dollar. BCH/USD started a fresh upward move and traded above the $122 and $124 resistance levels. It could continue to move higher and surpass the $125 and $128 resistances in the near term.

If there is a downside correction, the previous resistance near the $122 level is likely to act as a decent support in the coming sessions.

EOS, Stellar (XLM) and Tron (TRX) Price Analysis

EOS price performed really well and jumped more than 5%. It broke the $2.60 and $2.85 resistance levels. The next resistance is near $3.00, above which the price could surge towards the $3.15 and $3.20 levels.

Stellar price is finding bids near the $0.0750 level and it is currently correcting higher. However, XLM is likely to face a strong selling interest near the $0.0800 and $0.0820 resistance levels.

Tron price declined recently and settled below the $0.0255 and $0.0250 support levels. TRX price might climb higher, but it won’t be easy for buyers to gain traction above the $0.0255 resistance.

Crypto Market Cap Bitcoin Cash EOS XLM TRX BTC

Looking at the total cryptocurrency market cap hourly chart, there is a consolidation pattern formed above the $117.0B and $115.0B support levels. If the market cap climbs above the $118.0B and $120.0B resistance levels, there could be a sharp upward move in the near term. On the other hand, dips remain supported near the $116.0B and $115.0B levels. Overall, there are chances of more gains in bitcoin, Ethereum, EOS, ripple, LTC, bitcoin cash, XLM, TRX, and other altcoins.

The post Crypto Market Eyes New Highs: Bitcoin Cash, EOS, XLM, TRX Analysis appeared first on NewsBTC.

Ripple Price Analysis: XRP Sighting Bullish Break In Near Term

  • Ripple price is currently showing a few positive signs above the $0.2980 support against the US dollar.
  • Yesterday’s highlighted key declining channel is intact with resistance near $0.3035 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is likely to break the $0.3040 and $0.3060 resistance levels for a fresh upward move.

Ripple price is slowly recovering against the US Dollar and Bitcoin. XRP/USD could gain bullish momentum once it breaks the $0.3040 and $0.3060 resistance levels.

Ripple Price Analysis

In the past few days, there was a steady decline in ripple price from the $0.3180 swing high against the US Dollar. The XRP/USD pair traded below the $0.3120 and $0.3040 support levels. It even traded below the $0.3000 support to move into a bearish zone. There was a dip towards the $0.2940 level and the price settled below the 100 hourly simple moving average. A low was formed at $0.2939 and later the price started a short-term rebound. The price climbed above the $0.2980 resistance, with bullish moves.

The price even traded above the $0.3000 level, but the upside move was capped by the $0.3040 resistance. More importantly, yesterday’s highlighted key declining channel is intact with resistance near $0.3035 on the hourly chart of the XRP/USD pair. The pair traded as high as $0.3041 and it is currently trading near the 100 hourly SMA. An initial support is near $0.2990 and the 50% Fib retracement level of the recent wave from the $0.2939 low to $0.3041 high. However, the main support is near $0.2980 and the 61.8% Fib retracement level of the recent wave from the $0.2939 low to $0.3041 high. Therefore, if there is a downside correction, the price might find support near $0.3000, $0.2990 or $0.2980.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price is showing a few positive signs above the $0.2980 support. Should buyers push the price above the $0.3040 resistance, there are chances of more gains towards $0.3060 and $0.3100.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is slightly placed in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now placed well above the 50 level.

Major Support Level – $0.2980

Major Resistance Level – $0.3040

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