Bitcoin and Ethereum Trim Gains, Altcoin Rally Slows Down

After almost touching the USD 32,900 level, BTC corrected lower and is now (12:09 UTC) consolidating its gains below the USD 32,500 level. BTC is still outperformed by ETH and multiple altcoins, which are also trimming their recent gains. Total market capitalization Bitcoin price After extending its post-the B Word event gains, bitcoin price moved lower again. It

Bitcoin, Ethereum and Altcoins Eye Additional Gains

Bitcoin price remained well bid above the USD 31,200 pivot level. BTC even settled above USD 32,000 and it is showing bullish signs. It is currently (13:39 UTC) gaining pace and it could climb above USD 32,500. Similarly, most major altcoins are rising too. ETH is gaining pace, but a close above USD 2,000 is a must for more gains. XRP might rise steadily towards the USD 0.600 level. Total market

EOS Price Analysis: Bears Take Step Back, Key Resistance Nearby

  • EOS extended its decline and traded below the $3.50 support zone against the US Dollar.
  • The price is now trading below the $3.75 support and the 55 simple moving average (4-hours).
  • There was a break above a key bearish trend line with resistance near $3.40 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
  • The pair is likely to continue higher if it breaks the $3.55 and $3.75 resistance levels in the near term.

EOS price is showing positive signs above $3.30 against the US Dollar, similar to bitcoin. The price must stay above $3.20 to avoid more losses.

EOS Price Analysis

This week, EOS price saw a downside extension below the $3.75 support zone against the US Dollar. The price broke the $3.50 and $3.30 support levels to move into a bearish zone.

The price settled below the $3.75 level and the 55 simple moving average (4-hours). There was even a spike below the $3.20 level. A low is formed near the $3.14 level and the price is now correcting higher. There was a break above the $3.30 and $3.40 resistance levels.

There was also a break above the 23.6% Fib retracement level of the key decline from the $4.38 swing high to $3.14 low. Besides, there was a break above a key bearish trend line with resistance near $3.40 on the 4-hours chart of the EOS/USD pair.

However, the price is now facing resistance near $3.55. The next key resistance is near the $3.60 level and the 55 simple moving average (4-hours). The main resistance is near the $3.75 level, above which the price is likely to accelerate higher.

The next major resistance is near the $4.00 level. On the downside, an initial support is near the $3.40 level. The first key support is near the $3.20 level. If there is a downside break below $3.20, the price could accelerate lower. The next major support is near the $3.00 level.

EOS Price

EOS Price

Looking at the chart, EOS price is now trading below $3.75 and the 55 simple moving average (4-hours). Overall, the price is likely to continue higher if it breaks the $3.55 and $3.75 resistance levels in the near term.

Technical indicators

4-hours MACD – The MACD for EOS/USD is slowly losing pace in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI is now close to the 50 level.

Major Support Levels – $3.40 and $3.20.

Major Resistance Levels – $3.55 and $3.75.

The post EOS Price Analysis: Bears Take Step Back, Key Resistance Nearby appeared first on Live Bitcoin News.

Litecoin (LTC) Price Analysis: Chances of Steady Recovery Above $120

  • Litecoin price extended its decline below the $110 support zone against the US Dollar.
  • LTC price is now trading below $120 and the 55 simple moving average (4-hours).
  • There was a break above a crucial bearish trend line with resistance near $114 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).
  • The pair could start a decent increase above the $118 and $120 resistance levels in the near term.

Litecoin price is attempting a recovery above $110 against the US Dollar, similar to bitcoin. LTC price must clear $120 to start a decent increase in the near term.

Litecoin Price Analysis

This week, there was a downside extension in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC failed to stay above the main $120 support level.

The price even broke the $110 support level and settled well below the 55 simple moving average (4-hours). It traded as low as $104 before it started an upside correction. It climbed above the $110 and $112 resistance levels.

There was a break above the 23.6% Fib retracement level of the key decline from the $140 swing high to $104 low. Besides, there was a break above a crucial bearish trend line with resistance near $114 on the 4-hours chart of the LTC/USD pair.

The pair is now trading near the $118 and $120 resistance levels. The 50% Fib retracement level of the key decline from the $140 swing high to $104 low is also near the $120 level.

The 55 simple moving average (4-hours) is also near the $120 zone. A clear break and close above $120 could open the doors for a decent increase. The next major resistance is near the $135. On the downside, the $110 level is a strong support. If there is a close below $110, the price might dive towards the $100 level.

Litecoin (LTC) Price

Litecoin (LTC) Price

Looking at the chart, litecoin price is clearly trading well below $120 and the 55 simple moving average (4-hours). Overall, the price could start a decent increase above the $118 and $120 resistance levels in the near term.

Technical indicators

4 hours MACD – The MACD for LTC/USD is slowly gaining pace in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for LTC/USD is now above the 50 level.

Key Support Levels – $110 and $100.

Key Resistance Levels – $120 and $130.

The post Litecoin (LTC) Price Analysis: Chances of Steady Recovery Above $120 appeared first on Live Bitcoin News.

TA: Ethereum Recovers Sharply, Why ETH Could Continue Higher above $2K

Ethereum started an upside correction above the $1,850 resistance against the US Dollar. ETH price is likely to continue higher if there is a close above the $2,000 resistance.

  • Ethereum started a decent upward move above the $1,850 and $1,950 resistance levels.
  • The price is now trading well above $1,900 and the 100 hourly simple moving average.
  • There is a key bullish trend line forming with support near $1,960 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is likely to rise further if there is a proper close above the $2,000 resistance zone.

Ethereum Price Starts Decent Increase

Ethereum formed a decent support base above the $1,720 level, similar to bitcoin. As a result, ETH price started a steady increase above the $1,800 and $1,850 resistance levels.

There was also a close above the $1,900 level and the 100 hourly simple moving average. Ether price even spiked above the $2,000 resistance, but there was no proper close. A high was formed near $2,033 and the price is now correcting gains.

There was a break below the $2,000 level. It even tested the 23.6% Fib retracement level of the upward move from the $1,755 swing low to $2,033 high.

Ethereum Price

Source: ETHUSD on TradingView.com

On the upside, an initial resistance is near the $2,000 level. To move further into a positive zone, the price must settle above the $2,000 and $2,020 resistance levels. The next major barrier for the bulls could be near the $2,050 level, followed by $2,100. Any more gains might call for a test of $2,200.

Dips Limited in ETH?

If Ethereum fails to continue higher above $2,000 and $2,020, it could start a downside correction. An initial support on the downside is near the $1,970 level.

The first major support is near the $1,920 level. The main support is now forming near the $1,900 level. It is close to the 50% Fib retracement level of the upward move from the $1,755 swing low to $2,033 high. Any more losses could set the pace for a drop towards the $1,850 support zone in the near term. The next major support sits near the $1,800 level.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is now gaining pace in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 60 level.

Major Support Level – $1,900

Major Resistance Level – $2,000

Bitcoin, Ethereum and Altcoin Bulls Gain Strength

Bitcoin price formed a strong support base above USD 30,000. As a result, BTC started a steady increase and it broke the USD 32,000 resistance. It even spiked above USD 32,500 and it is currently (04:31 UTC) correcting gains. Similarly, most major altcoins are showing positive signs. ETH gained pace and it even spiked above the USD 2,000 resistance zone. XRP is up almost 5% and it even broke the

TA: Bitcoin Trim Losses, Why Bulls Need To Overcome $32.5K For More Upsides

Bitcoin price started a strong upward move from the $29,250 support zone against the US Dollar. BTC must settle above $32,000 and $32,500 for more upsides in the near term.

  • Bitcoin started a strong increase above the $30,000 and $31,000 resistance levels.
  • The price is now trading well above $31,000 and the 100 hourly simple moving average.
  • There was a break above a major bearish trend line with resistance near $31,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could correct gains, but the bulls are likely to remain active near $31,200.

Bitcoin Price Surges above $32,000

Bitcoin price found a strong buying interest below the $30,000 level. BTC formed a support base near the $29,300 and it started a major recovery wave.

The price surged above the $30,000 and $30,500 resistance levels. There was a clear break above the 61.8% Fib retracement level of the recent downward move from the $31,900 swing high to $29,312 low. There was also a break above a major bearish trend line with resistance near $31,250 on the hourly chart of the BTC/USD pair.

The pair jumped above the $31,500 level and the 100 hourly simple moving average. Finally, there was a break above the $32,000 resistance zone.

It tested the $32,500 resistance zone. It seems like the bears were active near the 1.236 Fib extension level of the recent downward move from the $31,900 swing high to $29,312 low. Bitcoin price is now consolidating above the $31,500 level.

Bitcoin Price

Source: BTCUSD on TradingView.com

The first major resistance is near the $32,500 level. If there is a close above the $32,500 resistance zone, the price is likely to accelerate higher. In the stated case, the price is likely to move towards the $33,500 level in the near term.

Dip Supported in BTC?

If bitcoin fails to climb above the $32,300 and $32,500 resistance levels, it could start a downside correction. An initial support on the downside is near the $31,500 level.

The first major support is now near the $31,200 zone. A clear downside break below the $31,200 support may possibly put a lot of pressure on the bulls. The next key support is seen near the $30,500 level.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

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

Major Support Levels – $31,500, followed by $31,200.

Major Resistance Levels – $32,200, $32,500 and $33,000.

Bitcoin Climbs Above USD 31K, Ethereum And Altcoins Grind Higher

Bitcoin price started a steady recovery wave above the USD 30,000 resistance. BTC even surpassed the USD 31,000 resistance and is currently (12:15 UTC) showing positive signs. The next key barrier is near USD 32,000, above which the price might accelerate higher. Similarly, most major altcoins are showing signs of life. ETH gained pace above the USD 1,800 and USD 1,850 resistance levels. XRP is

Tron (TRX) Price Analysis: Upsides Remain Limited Below $0.055

  • Tron price started a fresh decline from well above $0.0600 against the US Dollar.
  • TRX price is now trading well below $0.0550 and the 55 simple moving average (4-hours).
  • There is a major bearish trend line forming with resistance near $0.0530 on the 4-hours chart (data feed via Bitfinex).
  • The pair could correct higher, but the bears are likely to remain active near $0.0530 and $0.0550.

TRON price is slowly moving lower below $0.0500 against the US Dollar, similar to bitcoin. TRX price remains at a risk of a larger decline below $0.0500 in the near term.

Tron Price Analysis

After struggling to clear the $0.0600 resistance zone, tron price started a fresh decline against the US Dollar. TRX price broke many important supports near $0.0580 and $0.0550 to move into a bearish zone.

There was also a close below the $0.0550 support level and the 55 simple moving average (4-hours). The price even spiked below the $0.0500 level. It traded as low as $0.0491 and the price is now consolidating losses.

An initial resistance on the upside is near the $0.0512 level. It is close to the 23.6% Fib retracement level of the recent decline from the $0.0576 high to $0.0491 low. The first major resistance is near the $0.0520 level.

There is also a major bearish trend line forming with resistance near $0.0530 on the 4-hours chart. The trend line coincides with the 50% Fib retracement level of the recent decline from the $0.0576 high to $0.0491 low. The main resistance is now forming near the $0.0550 level.

A clear break above the $0.0520 and $0.0550 resistance levels could start a major increase. The next major resistance is near $0.0575 and the 55 simple moving average (4-hours).

An immediate support on the downside is near the $0.0500 level. A downside break below the $0.0500 support zone could set the pace for a larger decline. The next major support is near the $0.0480 level. Any more losses might call for a drop towards the $0.0450 zone.

Tron (TRX) Price

Tron (TRX) Price

The chart indicates that TRX price is now trading well below the $0.0550 resistance and the 55 simple moving average (4-hours). Overall, the price could correct higher, but the bears are likely to remain active near $0.0530 and $0.0550.

Technical Indicators

4 hours MACD – The MACD for TRX/USD is slowly losing momentum in the bearish zone.

4 hours RSI – The RSI for TRX/USD is now well below the 50 level, with a recovery angle.

Key Support Levels – $0.0500 and $0.0450.

Key Resistance Levels – $0.0520, $0.0530 and $0.0550.

The post Tron (TRX) Price Analysis: Upsides Remain Limited Below $0.055 appeared first on Live Bitcoin News.

Bitcoin Price Analysis: BTC Turned Sell on Rallies

  • Bitcoin price started a fresh decline after it failed to surpass $32,000 against the US Dollar.
  • The price is now trading well below the $32,000 zone and the 55 simple moving average (4-hours).
  • There is a key bearish trend line forming with resistance near $30,900 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).
  • The pair might correct higher, but it is likely to face sellers near the $30,900 zone in the near term.

Bitcoin price is slowly gaining bearish momentum below $30,00 against the US Dollar. BTC could correct higher, but upsides might be contained above $31,000.

Bitcoin Price Analysis

Bitcoin price started a major decline from well above the $32,000 zone. BTC broke the $31,200 and $31,000 support levels to move further into a bearish zone.

The pair accelerated losses below the $30,000 level and it settled well below the 55 simple moving average (4-hours). The price even broke the $29,500 support zone. A low I formed near $29,312 and it is now consolidating losses.

An initial resistance is near the $30,050 level. It is close to the 23.6% Fib retracement level of the downward move from the $32,468 swing high to $29,312 low.

The first major resistance is near the $30,900 level. It coincides with the 50% Fib retracement level of the downward move from the $32,468 swing high to $29,312 low. There is also a key bearish trend line forming with resistance near $30,900 on the 4-hours chart of the BTC/USD pair.

The main resistance is now forming near the $32,000 level and the 55 simple moving average (4-hours). A close above the $32,000 zone is needed for a fresh increase.

An immediate support on the downside is near the $29,300 zone. If there is a downside break below the $29,300 zone, the pair could decline steadily towards the $28,500 level. The next major support for the bulls is near the $28,000 zone.

Bitcoin Price

Bitcoin Price

Looking at the chart, bitcoin price is clearly trading well below $32,000 and the 55 simple moving average (4-hours). Overall, the price might correct higher, but it is likely to face sellers near the $30,900 zone in the near term.

Technical indicators

4 hours MACD – The MACD is slowly losing momentum in the bearish zone.

4 hours RSI (Relative Strength Index) – The RSI is now well below the 50 level.

Key Support Levels – $29,300 and $28,000.

Key Resistance Levels – $30,800, $31,000 and $32,000.

The post Bitcoin Price Analysis: BTC Turned Sell on Rallies appeared first on Live Bitcoin News.

TA: Ethereum Starts Recovery, Why ETH Could Resume Its Decline

Ethereum started an upside correction from the $1,720 zone against the US Dollar. ETH price could correct further higher, but upsides might be capped near $1,850.

  • Ethereum formed a base above the $1,720 support zone before starting an upside correction.
  • The price is still trading well below the $1,850 resistance and the 100 hourly simple moving average.
  • There was a break above a key bearish trend line with resistance near $1,790 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is likely to rise further towards the $1,850 resistance zone and the 100 hourly SMA.

Ethereum Price Correcting Losses

Ethereum remained in a bearish zone and it extended its decline below $1,800, similar to bitcoin. ETH price broke the $1,780 support and it settled well below the 100 hourly simple moving average.

The price traded as low as $1,718 and it seems to be forming a base above the $1,720. Ether is now correcting gains and it is trading above the $1,750 level. There was a break above the 50% Fib retracement level of the key decline from the $1,832 swing high to $1,718 low.

There was also a break above a key bearish trend line with resistance near $1,790 on the hourly chart of ETH/USD. The pair is now trading above the 61.8% Fib retracement level of the key decline from the $1,832 swing high to $1,718 low.

Ethereum Price

Source: ETHUSD on TradingView.com

The price is now facing resistance near the $1,810 level. The main resistance is now forming near the $1,850 level and the 100 hourly SMA. To move into a positive zone, the price must climb above the $1,830 and $1,850 resistance levels.

Fresh Decline in ETH?

If Ethereum fails to recover above $1,820 and $1,850, it could continue to move down. An initial support on the downside is near the $1,775 level.

The first major support is near the $1,750 level. The main support is now forming near the $1,720 level. Any more losses could set the pace for a drop towards the $1,650 support zone in the near term. The next major support sits near the $1,600 level.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is now gaining pace in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 level.

Major Support Level – $1,750

Major Resistance Level – $1,850

Bitcoin Returns Above USD 30K, Ethereum, Altcoins Rally

Bitcoin price found support above USD 29,250 and started an upside correction. BTC climbed above the USD 30,000 level and is currently (04:31 UTC) showing recovery signs. If it succeeds to stay above USD 30,000, the price could test the USD 31,000 resistance. Similarly, most major altcoins are attempting an upside correction. ETH recovered above the USD 1,750 and USD 1,780 resistance levels. XRP

TA: Bitcoin Bears Lose Strength, What Could Trigger A Decent Recovery

Bitcoin price extended its decline below the $30,000 support against the US Dollar. BTC is finding bids near $29,250 and it might attempt an upside correction.

  • Bitcoin is following a bearish path and it broke the key $30,000 support zone.
  • The price is now trading well below $31,000 and the 100 hourly simple moving average.
  • There is a key bearish trend line forming with resistance near $31,300 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start a decent upside correction if it remains stable above the $29,250 level.

Bitcoin Price Settles Below $30K

Bitcoin price extended its decline below the $30,200 and $30,000 support levels. BTC even settled well below the $30,000 level and the 100 hourly simple moving average to move further into a bearish zone.

The price even spiked below $29,500 and traded as low as $29,313. It seems like bitcoin is forming a support base above the $29,250 level. An initial resistance on the upside is near the $30,000 level. It is close to the 23.6% Fib retracement level of the recent downward move from the $31,900 swing high to $29,313 low.

The first major resistance is near the $30,600 level. It is near the 50% Fib retracement level of the recent downward move from the $31,900 swing high to $29,313 low.

Bitcoin Price

Source: BTCUSD on TradingView.com

There is also a key bearish trend line forming with resistance near $31,300 on the hourly chart of the BTC/USD pair. In the short-term, bitcoin price might start a decent recovery above $30,000, but it might face barriers near the $31,000 level in the near term.

More Losses in BTC?

If bitcoin fails to recover above the $30,000 and $30,600 resistance levels, there is a risk of more losses. An initial support on the downside is near the $29,350 level.

The first major support is now near the $29,250 zone. A clear downside break below the recent low and $29,250 might call for a move below the $29,000 level. The next key support is seen near the $28,000 level.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is rising and it might soon clear the 50 level.

Major Support Levels – $29,250, followed by $29,000.

Major Resistance Levels – $30,000, $30,600 and $31,000.

Bitcoin Keeps Outperforming As Crypto Market Ruled By Bears

Bitcoin price extended its decline and it broke the USD 30,000 support zone. BTC broke the USD 29,500 level and it remains at a risk of more downsides. It is currently (12:11 UTC) trading well below USD 30,000 and it might continue to move down towards USD 28,000. However, BTC is still among the best performers today, as other cryptoassets dropped more. Most major altcoins are trading in a bearish

Cardano (ADA) Price Analysis: More Downsides Likely Towards $1

  • ADA price started a fresh decline after it failed to surpass $1.30 against the US Dollar.
  • The price is now trading well below $1.20 and the 55 simple moving average (4-hours).
  • There is a key bearish trend line forming with resistance near $1.15 on the 4-hours chart (data feed via Bitfinex).
  • The price is likely to continue lower below the $1.10 support level in the near term.

Cardano price is trading in a negative zone below $1.20 against the US Dollar, similar to bitcoin. ADA price could continue to move down towards the $1.00 support.

Cardano Price Analysis

In the past few days, cardano price saw a lot of bearish moves below the $1.50 and $1.40 levels against the US Dollar. The ADA/USD pair even broke the $1.30 support zone and the 55 simple moving average (4-hours).

The recent decline gained pace below the $1.20 support zone. The bears seem to be in control and the price traded as low as $1.077. The current price action suggests high chances of more downsides below $1.08.

An immediate support is near the $1.05 level. The main support is near the $1.00 level. If there is a break below $1.00, the bears are likely to gain further strength. In the stated case, the price may possibly spike towards the $0.80 level in the near term.

An immediate resistance on the upside is near the $1.12 level. It is near the 23.6% Fib retracement level of the recent decline from the $1.22 high to $1.07 low.

The first major resistance is now near the $1.15 level. There is also a key bearish trend line forming with resistance near $1.15 on the 4-hours chart. The trend line is close to the 50% Fib retracement level of the recent decline from the $1.22 high to $1.07 low.

A clear close above the $1.15 level could spark a decent increase. The next major resistance is near the $1.20 level.

Cardano (ADA) Price

Cardano (ADA) Price

The chart indicates that ADA price is clearly trading well below $1.20 and the 55 simple moving average (4-hours). Overall, the price is likely to continue lower towards the $1.00 support level in the near term.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is now gaining pace in the bearish zone.

4 hours RSI – The RSI for ADA/USD is now below the 50 level.

Key Support Levels – $1.05 and $1.00.

Key Resistance Levels – $1.15 and $1.20.

The post Cardano (ADA) Price Analysis: More Downsides Likely Towards $1 appeared first on Live Bitcoin News.

Cardano (ADA) Price Analysis: More Downsides Likely Towards $1

  • ADA price started a fresh decline after it failed to surpass $1.30 against the US Dollar.
  • The price is now trading well below $1.20 and the 55 simple moving average (4-hours).
  • There is a key bearish trend line forming with resistance near $1.15 on the 4-hours chart (data feed via Bitfinex).
  • The price is likely to continue lower below the $1.10 support level in the near term.

Cardano price is trading in a negative zone below $1.20 against the US Dollar, similar to bitcoin. ADA price could continue to move down towards the $1.00 support.

Cardano Price Analysis

In the past few days, cardano price saw a lot of bearish moves below the $1.50 and $1.40 levels against the US Dollar. The ADA/USD pair even broke the $1.30 support zone and the 55 simple moving average (4-hours).

The recent decline gained pace below the $1.20 support zone. The bears seem to be in control and the price traded as low as $1.077. The current price action suggests high chances of more downsides below $1.08.

An immediate support is near the $1.05 level. The main support is near the $1.00 level. If there is a break below $1.00, the bears are likely to gain further strength. In the stated case, the price may possibly spike towards the $0.80 level in the near term.

An immediate resistance on the upside is near the $1.12 level. It is near the 23.6% Fib retracement level of the recent decline from the $1.22 high to $1.07 low.

The first major resistance is now near the $1.15 level. There is also a key bearish trend line forming with resistance near $1.15 on the 4-hours chart. The trend line is close to the 50% Fib retracement level of the recent decline from the $1.22 high to $1.07 low.

A clear close above the $1.15 level could spark a decent increase. The next major resistance is near the $1.20 level.

Cardano (ADA) Price

Cardano (ADA) Price

The chart indicates that ADA price is clearly trading well below $1.20 and the 55 simple moving average (4-hours). Overall, the price is likely to continue lower towards the $1.00 support level in the near term.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is now gaining pace in the bearish zone.

4 hours RSI – The RSI for ADA/USD is now below the 50 level.

Key Support Levels – $1.05 and $1.00.

Key Resistance Levels – $1.15 and $1.20.

The post Cardano (ADA) Price Analysis: More Downsides Likely Towards $1 appeared first on Live Bitcoin News.

Ethereum Price Analysis: ETH May Soon Revisit $1,500

  • Ethereum price started a fresh decline and it broke the $2,000 support zone against the US Dollar.
  • ETH price is now trading well below $2,000 and the 55 simple moving average (4-hours).
  • There is a major bearish trend line forming with resistance near $1,850 on the 4-hours chart (data feed from Coinbase).
  • The pair is likely to accelerate lower if there is a close below the $1,750 support zone.

Ethereum price is showing bearish signs below $2,000 against the US Dollar. ETH/USD could decline heavily towards the $1,500 level in the near term.

Ethereum Price Analysis

In the past few days, ethereum started a steady decline from well above $2,200 against the US Dollar. ETH price broke the main $2,000 support zone to enter a bearish zone.

The price even broke the $1,850 support level and it settled well below the 55 simple moving average (4-hours). It even traded below the $1,800 level and a low is formed near $1,759. The price is clearly showing a lot of bearish signs below $1,800.

An initial support is near the $1,750 level. If there is a downside break below the $1,750 support, there is a risk of more downsides. The next key support is near the $1,680 level. Any more losses might call for a test of the $1,500 level in the near term.

On the upside, an immediate resistance is near the $1,815 level. It is near the 23.6% Fib retracement level of the recent decline from the $1,996 swing high to $1,759 low.

The first major resistance is near the $1,850 zone. There is also a major bearish trend line forming with resistance near $1,850 on the 4-hours chart. The trend line is also close to the 50% Fib retracement level of the recent decline from the $1,996 swing high to $1,759 low.

A clear break above the trend line and $1,900 may possibly push the price towards the main $2,000 resistance zone. To move into a positive zone, the price must settle above $2,000 and the 55 simple moving average (4-hours).

Ethereum Price

Ethereum Price

Looking at the chart, Ethereum price is clearly trading well below the $2,000 zone and the 55 simple moving average (4-hours). Overall, ether price is likely to accelerate lower if there is a break below the $1,750 support zone.

Technical indicators

4 hours MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

4 hours RSI (Relative Strength Index) – The RSI for ETH/USD is well below the 50 level.

Key Support Levels – $1,750, followed by the $1,650 zone.

Key Resistance Levels – $1,850 and $2,000.

The post Ethereum Price Analysis: ETH May Soon Revisit $1,500 appeared first on Live Bitcoin News.

TA: Ethereum Breaks Key Support, Why ETH Could Tumble To $1,500

Ethereum is gaining bearish momentum below $1,800 against the US Dollar. ETH price is likely to continue lower and it might even test the $1,500 level in the near term.

  • Ethereum started a fresh decline and it even traded below the $1,850 support zone.
  • The price is still trading well below the $1,800 resistance and the 100 hourly simple moving average.
  • There is a major bearish trend line forming with resistance near $1,820 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is likely to continue lower below the $1,720 and $1,650 support levels in the near term.

Ethereum Price Accelerating Lower

Ethereum is clearly following a bearish path from well above $1,950, similar to bitcoin. ETH price broke the $1,900 support and it settled well below the 100 hourly simple moving average.

The price even declined below the $1,850 support and $1,800. A low is formed near $1,722 and the price is now showing signs of more losses in the near term. On the upside, an initial resistance is near the $1,770 level.

The 23.6% Fib retracement level of the recent drop from the $1,920 swing high to $1,722 low is also near $1,770. The next key resistance is near the $1,800 level. There is also a major bearish trend line forming with resistance near $1,820 on the hourly chart of ETH/USD.

The trend line is close to the 50% Fib retracement level of the recent drop from the $1,920 swing high to $1,722 low. To move into a positive zone, the price must climb above the $1,800 and $1,820 resistance levels.

Ethereum Price

Source: ETHUSD on TradingView.com

A proper break above the trend line resistance could initiate a move towards the $1,950 level. The next major resistance is near the $2,000 zone.

More Losses in ETH?

If Ethereum fails to recover above $1,770 and $1,820, it could continue to move down. An initial support on the downside is near the $1,720 level.

The first major support is near the $1,650 level. If ether fails to stay above the $1,650 support, it could decline towards the $1,600 support. Any more losses could set the pace for a drop towards the $1,500 support zone in the near term.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is now gaining pace in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now close to the 20 level.

Major Support Level – $1,650

Major Resistance Level – $1,820

Ethereum, Altcoins Drop Against Bitcoin Amid Risk Asset Seloff, Strong USD

Bitcoin price is following a bearish path below the USD 32,000 pivot level. BTC even broke the main USD 30,000 support zone. The price is currently (04:23 UTC) moving lower and it could even test the USD 28,000 support in the near term. However, BTC is the best performing major cryptoasset today as almost all top 100 cryptoassets dropped even more. ETH is down 8% and it even broke the USD 1,750

TA: Bitcoin Grinds Lower, Why BTC Bears Aim Larger Decline

Bitcoin price extended its decline below the $31,200 support against the US Dollar. BTC remains at a risk of a larger decline below the $30,000 support zone.

  • Bitcoin remains in a bearish zone and it even broke the $31,000 support zone.
  • The price is now trading well below $32,000 and the 100 hourly simple moving average.
  • There is a major bearish trend line forming with resistance near $31,550 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is likely to accelerate lower below the $30,500 and $30,000 levels in the near term.

Bitcoin Price Extends Losses

Bitcoin price remains in a downtrend and it is now trading well below the $33,000 pivot zone. BTC extended its decline below the $31,200 support zone and it settled well below the 100 hourly simple moving average.

The price extended its decline and it even traded below $30,650. A low is formed near $30,445 and the price is now consolidating losses. It corrected a few points above the $30,500 level. However, there was no proper follow through above the 23.6% Fib retracement level of the recent drop from the $31,901 swing high to $30,445 low.

An immediate resistance on the upside is near the $31,200 level (the recent breakdown zone). It is near the 50% Fib retracement level of the recent drop from the $31,901 swing high to $30,445 low.

The next key resistance is near the $31,500 level. There is also a major bearish trend line forming with resistance near $31,550 on the hourly chart of the BTC/USD pair. The trend line resistance at $31,500 is also close to the 100 hourly SMA.

Bitcoin Price

Source: BTCUSD on TradingView.com

A close above the trend line resistance could initiate a decent recovery above $32,000. Besides, a proper break above the $32,000 level may push the price towards $33,000.

More Losses in BTC?

If bitcoin fails to recover above the $31,200 and $31,500 resistance levels, there is a risk of more losses. An initial support on the downside is near the $30,500 level.

The first major support is now near the $30,200 zone. The main support is now near the $30,000 level. A close below the $30,000 level could spark a steady decline in the near term.

Technical indicators:

Hourly MACD – The MACD is slowly gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well below the 50 level.

Major Support Levels – $30,500, followed by $30,000.

Major Resistance Levels – $31,200, $31,500 and $32,000.

Bitcoin, Ethereum and Altcoins Struggle to Recover

Bitcoin price is struggling to recover above the USD 32,000 and USD 32,200 resistance levels. BTC is moving lower and it may decline below USD 31,000. The current (12:24 UTC) price action suggests chances of more downsides below USD 30,000. Similarly, most major altcoins are showing bearish signs. ETH might accelerate lower below USD 1,820 and USD 1,800. XRP could continue to move down towards USD

Ripple Price Analysis: Risk of a Larger Decline Below $0.50

  • Ripple price is slowly moving lower below the $0.6200 support zone against the US dollar.
  • The price is now trading well below the $0.6000 resistance and the 55 simple moving average (4-hours).
  • There is a major declining channel forming with resistance near $0.5900 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).
  • The pair could start a major increase if it clears the $0.6000 and $0.6200 resistance levels.

Ripple price is struggling to recover above $0.6000 against the US Dollar, similar to bitcoin. XRP price could extend losses below $0.5500 and $0.5000 in the near term.

Ripple Price Analysis

Recently, there was a fresh dip in ripple price below the $0.6120 support against the US Dollar. The XRP/USD pair even broke the $0.6000 support zone to move further into a bearish zone.

The price is now trading well below the $0.6000 resistance and the 55 simple moving average (4-hours). A low was formed near $0.5642 and the price is now consolidating losses. It made an attempt to surpass the $0.5850 and $0.5950 resistance levels.

It even spiked above the 50% Fib retracement level of the recent decline from the $0.6176 high to $0.5642 low. However, the price failed to clear the $0.6000 resistance zone.

The pair topped near the 61.8% Fib retracement level of the recent decline from the $0.6176 high to $0.5642 low. There is also a major declining channel forming with resistance near $0.5900 on the 4-hours chart of the XRP/USD pair.

To move into a bullish zone, the pair must break the $0.6000 resistance zone. The next major resistance is near the $0.6200 level and the 55 simple moving average (4-hours).

On the downside, the $0.5750 level is a decent support. The first major support is near the $0.5500 level. If there is a clear break below the $0.5500 level, the price could see an increase in selling pressure. In the stated case, the price is likely to decline towards the $0.5000 level.

Ripple Price

Ripple Price

Looking at the chart, ripple price is clearly facing hurdles near $0.6200 and the 55 simple moving average (4-hours). Overall, the price could start a major increase if it clears the $0.6000 and $0.6200 resistance levels.

Technical indicators

4 hours MACD – The MACD for XRP/USD is now losing momentum in the bearish zone.

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

Key Support Levels – $0.575, $0.550 and $0.500.

Key Resistance Levels – $0.600 and $0.620.

The post Ripple Price Analysis: Risk of a Larger Decline Below $0.50 appeared first on Live Bitcoin News.

TA: Why Ethereum (ETH) Topside Bias Vulnerable Unless It Surges Past $2K

Ethereum is facing an uphill task near the $2,000 zone against the US Dollar. ETH price remains at a risk of a larger decline below the $1,800 support zone.

  • Ethereum started a fresh decline after it failed to surpass the $2,000 resistance zone.
  • The price is still trading well below the $2,000 resistance and the 100 hourly simple moving average.
  • There is a key bearish trend line forming with resistance near $1,975 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could accelerate lower if it fails to move above the $1,950 and $2,000 resistance levels.

Ethereum Price Turns Red

After a failed attempt to clear the $2,000 resistance, ethereum started a fresh decline, similar to bitcoin. ETH price broke the $1,950 support and it settled well below the 100 hourly simple moving average.

The price even declined below the $1,920 support, but the bulls are defending the $1,850 support zone. The recent low was formed near $1,866 and the price is now correcting higher. It is testing the $1,900 resistance zone.

The 23.6% Fib retracement level of the recent decline from the $1,993 swing high to $1,866 low is also near $1,900. The next key resistance is near the $1,920 level and the 100 hourly simple moving average.

The $1,920 resistance is close to the 50% Fib retracement level of the recent decline from the $1,993 swing high to $1,866 low. There is also a key bearish trend line forming with resistance near $1,975 on the hourly chart of ETH/USD.

Ethereum Price

Source: ETHUSD on TradingView.com

A proper break above the trend line resistance is must for a strong move above the $2,000 resistance. The next major resistance is near the $2,050 zone.

Fresh Decline in ETH?

If Ethereum fails to recover above $1,920 and $1,950, it could continue to move down. An initial support on the downside is near the $1,865 level.

The first major support is near the $1,850 level. If ether fails to stay above the $1,850 support, it could decline towards the $1,800 support. Any more losses could set the pace for a drop towards the $1,750 support zone in the near term.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is slowly losing pace in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now close to the 50 level.

Major Support Level – $1,850

Major Resistance Level – $1,950

Bitcoin, Ethereum and Altcoins Remain In Downtrend

Bitcoin price remains in a bearish zone below the USD 32,500 resistance. BTC is currently (04:34 UTC) showing bearish signs and it could even continue lower below USD 31,000. The main breakdown support is still near the USD 30,000 level. Similarly, most major altcoins are moving lower. ETH is now trading well below USD 2,000 and it might even trade below USD 1,800. XRP is also trading in the red

TA: Bitcoin Remains At Risk, Why BTC Could Nosedive Below $30K

Bitcoin price is trading in a bearish zone below $33,000 against the US Dollar. BTC could extend its decline and it could even dive below $30,000.

  • Bitcoin remains in a bearish zone, but it is holding the $31,000 support zone.
  • The price is now trading well below $32,500 and the 100 hourly simple moving average.
  • There is a key bearish trend line forming with resistance near $31,850 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair must settle above $32,000 and the 100 hourly SMA to start a decent recovery in the near term.

Bitcoin Price Turns Red

In the past few days, bitcoin price followed a bearish pattern below the $33,000 pivot level. BTC even settled below the $32,000 support zone and the 100 hourly simple moving average.

The price is now holding the $31,000 support zone and it is consolidating in a range. The recent low was formed near $31,154 and the price is now correcting losses. There was a break above the $31,500 resistance zone.

The price was able to climb above the 23.6% Fib retracement level of the recent decline from the $32,450 swing high to $31,154 low. An immediate resistance on the upside is near the $31,800 level and the 100 hourly SMA.

The 50% Fib retracement level of the recent decline from the $32,450 swing high to $31,154 low is also near the $31,800 level. Moreover, there is a key bearish trend line forming with resistance near $31,850 on the hourly chart of the BTC/USD pair.

Bitcoin Price

Source: BTCUSD on TradingView.com

A close above the trend line resistance could initiate a decent recovery above $32,000. A close above the $32,000 level may push the price towards $33,000.

More Losses in BTC?

If bitcoin fails to recover above the $31,800 and $32,000 resistance levels, there is a risk of more losses. An initial support on the downside is near the $31,200 level.

The first major support is now near the $31,000 zone. A close below the $31,000 level could spark a steady decline in the near term. In the stated case, the price is likely to even trade below the $30,000 support level.

Technical indicators:

Hourly MACD – The MACD is slowly losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now just below the 50 level.

Major Support Levels – $31,200, followed by $31,000.

Major Resistance Levels – $31,800, $32,000 and $33,000.

Bitcoin and Ethereum Weekly Wrap: Bears In Control

Bitcoin price remains in a bearish zone below USD 33,500 and USD 35,000. BTC is following a declining pattern, with a strong support at USD 30,000. If there is a daily and weekly close below USD 30,000, the price might dive more. Similarly, most major altcoins are at a risk of more losses. ETH could move lower towards the USD 1,500 support zone. XRP is also at risk of a decline towards USD 0.500.

Bitcoin Cash Analysis: Can Bulls Overcome Selling Pressure?

  • Bitcoin cash price remained in a bearish zone below the $500 resistance against the US Dollar.
  • The price is now trading below the $475 support and the 55 simple moving average (4-hours).
  • There is a key bearish trend line forming with resistance near $472 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).
  • The pair could start a decent increase if it clears the $472 and $475 resistance levels.

Bitcoin cash price is struggling to move higher above $475 against the US Dollar, similar to bitcoin. BCH/USD must stay above $445 and $430 to start a fresh increase.

Bitcoin Cash Price Analysis

After struggling to stay above the $500 level, bitcoin cash price started a fresh decline. BCH broke the $475 and $470 support levels to move into a bearish zone.

There was a clear downside break below the $465 and $450 support levels. The pair tested the $445 level and recently formed a support base. The recent low was formed near $443 and the price is now consolidating losses.

It broke the 23.6% Fib retracement level of the recent decline from the $509 swing high to $443 low. An initial resistance is near the $470 level. The first major resistance is near the $475 level. There is also a key bearish trend line forming with resistance near $472 on the 4-hours chart of the BCH/USD pair.

The trend line is close to the 50% Fib retracement level of the recent decline from the $509 swing high to $443 low. To move into a positive zone, the price must break $475. The next major resistance is near the $500 level.

An immediate support on the downside is near the $445 level. A downside break below the $445 support zone could open the doors for a larger decline. The next major support is near the $430 level, below which the price may even test $400.

Bitcoin Cash Price

Bitcoin Cash Price

Looking at the chart, bitcoin cash price is showing bearish signs below $475 and the 55 simple moving average (4-hours). Overall, the price could start a decent increase if it clears the $472 and $475 resistance levels.

Technical indicators

4 hours MACD – The MACD for BCH/USD is now gaining pace in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for BCH/USD is near the 45 level.

Key Support Levels – $445 and $430.

Key Resistance Levels – $475 and $500.

The post Bitcoin Cash Analysis: Can Bulls Overcome Selling Pressure? appeared first on Live Bitcoin News.

TA: Ethereum Consolidates, What Could Trigger Strong Recovery in ETH

Ethereum restarted its decline after it failed to stay above $2,000 against the US Dollar. ETH price is holding the $1,880 support, but it must clear $2,000 for a decent increase.

  • Ethereum started a fresh decline and it once again tested the $1,880 support zone.
  • The price is still trading well below the $2,000 resistance and the 100 hourly simple moving average.
  • There is a major bearish trend line forming with resistance near $1,955 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start a decent increase if it clears the $1,965 and $2,000 resistance levels.

Ethereum Price Settles Below $2K

After a failed attempt to settle above $2,000, ethereum extended its decline, similar to bitcoin. ETH price broke the $1,920 support and it settled well below the 100 hourly simple moving average.

However, the price stayed above the $1,880 support. A low was formed near $1,861 and the price recently started an upside correction. There was a break above the $1,920 and $1,925 resistance levels.

Ether climbed above the 23.6% Fib retracement level of the recent decline from the $2,043 swing high to $1,881 low. It is now facing resistance near the $1,950 zone. There is also a major bearish trend line forming with resistance near $1,955 on the hourly chart of ETH/USD.

Ethereum Price

Source: ETHUSD on TradingView.com

The trend line is close to the 50% Fib retracement level of the recent decline from the $2,043 swing high to $1,881 low. The next major resistance is near the $2,000 zone and the 100 hourly simple moving average.

If ether breaks the trend line and then settles above $2,050, there could be a steady increase. The next major resistance is near the $2,050 level.

Fresh Decline in ETH?

If Ethereum fails to recover above $1,955 and $2,050, it could continue to move down. An initial support on the downside is near the $1,920 level.

The first major support is near the $1,880 level. If ether fails to stay above the $1,880 support, it could decline towards the $1,865 support. Any more losses could set the pace for a drop towards the $1,750 support zone in the near term.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is slowly gaining pace in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now back above the 50 level.

Major Support Level – $1,880

Major Resistance Level – $2,000

Bitcoin, Ethereum and Major Altcoins Still Ruled By Bears

Bitcoin price failed to stay above the USD 32,200 support zone. BTC extended its decline and it even traded below USD 31,550. It tested the USD 31,150 level and it is currently (04:24 UTC) attempting an upside correction. Similarly, most major altcoins are trading in the red zone. ETH settled below USD 2,000, but the bulls are protecting USD 1,880. XRP could decline further if there is a close

TA: Bitcoin Turns Vulnerable, Why BTC Could Soon Test $30K

Bitcoin price extended its decline below $31,500 before recovering higher against the US Dollar. BTC is likely to face resistance near $32,200 and it might continue to move down.

  • Bitcoin remains in a bearish zone and it recently traded towards the $31,000 level.
  • The price is now trading well below $33,000 and the 100 hourly simple moving average.
  • There is a major bearish trend line forming with resistance near $32,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair must settle above $32,250 and the 100 hourly SMA to start a decent increase in the near term.

Bitcoin Price Remains In Downtrend

After a minor upside correction, bitcoin price failed near $33,000. As a result, BTC started a fresh decline below the $32,000 support level. It even broke the $31,550 swing low and settled well below the 100 hourly simple moving average.

It traded as low as $31,190 before it started an upside correction. There was a break above the $31,500 and $31,600 resistance levels. Bitcoin climbed above the 23.6% Fib retracement level of the recent decline from the $33,210 swing high to $31,190 low.

An immediate resistance on the upside is near the $32,000 level. The first major resistance is near the $32,200 level. There is also a major bearish trend line forming with resistance near $32,250 on the hourly chart of the BTC/USD pair.

The trend line is close to the 50% Fib retracement level of the recent decline from the $33,210 swing high to $31,190 low. A close above the trend line resistance could push the price towards the $33,000 resistance and the 100 hourly SMA.

Bitcoin Price

Source: BTCUSD on TradingView.com

To start a decent increase, the price must settle above the $33,000 level and the 100 hourly SMA. The next major resistance sits near $33,500.

More Losses in BTC?

If bitcoin fails to recover above the $32,200 and $33,000 resistance levels, there is a risk of more losses. An initial support on the downside is near the $31,500 level.

The first major support is now near the $31,200 zone. A close below the $31,200 level could spark a steady decline in the near term. In the stated case, the price is likely to test the $30,000 support level.

Technical indicators:

Hourly MACD – The MACD is slowly gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now just above the 50 level.

Major Support Levels – $31,500, followed by $31,200.

Major Resistance Levels – $32,200, $32,500 and $33,000.