Author Archives: Aayush Jindal

Ripple formed a support base above $1.16 and it is now rising against the US Dollar. XRP price could start a strong increase if it clears the main $1.50 resistance zone.

• Ripple is showing positive signs above the $1.20 and $1.30 resistance levels against the US dollar.
• The price is now trading well above $1.3500 and the 100 simple moving average (4-hours).
• There is a major contracting triangle forming with resistance near $1.50 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
• The pair is likely to start a fresh rally if it clears the $1.500 resistance zone.

Ripple’s XRP Price Eyes Fresh Rally

This past week, ripple’s XRP started a downside correction from well above $1.65. XRP extended its decline below the key $1.50 support, similar to bitcoin and ethereum.

It opened the doors for a nasty spike below the $1.20 support. However, the bulls were active above the $1.15 level. A low is formed near $1.162 and the price is now rising. It broke the $1.25 and $1.30 resistance levels.

There was a break above the 23.6% Fib retracement level of the downward move from the $1.97 high to $1.162 swing low. It is now trading well above $1.3500 and the 100 simple moving average (4-hours). There is also a major contracting triangle forming with resistance near $1.50 on the 4-hours chart of the XRP/USD pair.

Source: XRPUSD on TradingView.com

The triangle resistance near $1.50 holds the key. The next hurdle could be $1.56. It is near the 50% Fib retracement level of the downward move from the $1.97 high to $1.162 swing low.

A successful break above the triangle resistance and then $1.56 could set the pace for a fresh surge. In this case, the price could even rally above the $1.65 and $1.70 levels.

Dips Limited in XRP?

If ripple fails to clear the $1.5000 resistance or $1.560, it could correct further lower. An initial support on the downside is near the $1.3200 level and the 100 SMA.

The next major support is near the $1.28 level and the triangle lower trend line. Any more losses might call for a drop towards the $1.15 support zone in the coming sessions.

Technical Indicators

4-Hours MACD – The MACD for XRP/USD is slowly gaining pace in the bullish zone.

4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

Major Support Levels – $1.32, $1.28 and $1.15.

Major Resistance Levels – $1.50, $1.56 and $1.65.

• Bitcoin price started a sharp decline and it tested the $51,250 zone against the US Dollar.
• The price is now trading well below $58,000 and the 55 simple moving average (4-hours).
• There is a major bearish trend line forming with resistance near $58,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).
• The pair could start a fresh rally if it breaks the $58,000 and $58,200 resistance levels.

Bitcoin price declined sharply from well above $60,000 against the US Dollar. BTC is now consolidating losses and it is facing a major hurdle near the $58,000 zone.

Bitcoin Price Analysis

Recently, bitcoin price saw a strong decline from well above the $60,000 level against the US Dollar. BTC broke many supports near the $58,000 and $55,000 levels.

It even spiked below the $52,000 level and settled below the 55 simple moving average (4-hours). A low is formed near $51,289 and the price is now consolidating losses. It recovered slightly above the $54,000 and $55,000 resistance levels.

However, it is facing resistance near the $57,500 level. The 50% Fib retracement level of the key decline from the $62,617 swing high to $51,289 low is acting as a resistance.

The next major resistance is near the $58,000 zone. There is also a major bearish trend line forming with resistance near $58,200 on the 4-hours chart of the BTC/USD pair. The trend line is close to the 61.8% Fib retracement level of the key decline from the $62,617 swing high to $51,289 low.

A successful break and close above $58,000 and the trend line resistance could open the doors for a steady increase. The next major resistance could be $60,000.

On the downside, the $55,000 level is a major support. The main breakdown support is near the $54,000 level, below which there could be a sharp decline towards $50,000.

Bitcoin Price

Looking at the chart, bitcoin price is clearly facing hurdles near $58,000 and the 55 simple moving average (4-hours). Overall, the price could start a fresh rally if it breaks the $58,000 and $58,200 resistance levels.

Technical indicators

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

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

Key Support Levels – $55,000 and $54,000.

Key Resistance Levels – $57,500, $58,000 and $60,000.

The post Bitcoin Price Analysis: BTC is Facing Uphill Task Near $58K appeared first on Live Bitcoin News.

Ethereum remained strong above the $2,200 level and it climbed higher against the US Dollar. ETH price is back above the 100 hourly SMA and it is signaling more upsides above $2,400.

• Ethereum gained pace and it cleared the $2,300 resistance zone.
• The price is now trading well above $2,300 and the 100 hourly simple moving average.
• There was a break above a crucial bearish trend line with resistance near $2,175 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is showing positive signs and it is likely to continue higher above $2,400.

Ethereum Price Is Gaining Pace

Ethereum remained well bid above the $2,100 zone. As a result, ETH started a fresh increase above the $2,180 and $2,200 resistance levels.

There was a clear break above a crucial bearish trend line with resistance near $2,175 on the hourly chart of ETH/USD. It opened the doors for a steady increase above the $2,250 and $2,300 resistance levels.

Ether climbed above the 61.8% Fib retracement level of the key decline from the $2,500 swing high to $1,950 swing low. It is now trading well above $2,300 and the 100 hourly simple moving average. An immediate resistance is near the $2,350 level.

Source: ETHUSD on TradingView.com

The first key resistance is near the $2,370 level. It is near the 76.4% Fib retracement level of the key decline from the $2,500 swing high to $1,950 swing low. A clear upside break above the $2,350 and $2,370 levels could set the pace for a surge above the $2,400 level. In the stated case, ether price may easily revisit the $2,500 zone.

Downsides Limited in ETH?

If Ethereum fails to clear the $2,350 and $2,370 resistance levels, it could correct lower. An initial support on the downside is near the $2,300 zone.

The first support is now forming near the $2,250 level and the 100 hourly simple moving average. If ether fails to stay above the 100 hourly simple moving average, there is a risk of more downsides below the $2,200 support. The next major support below $2,200 sits near the $2,150 pivot level.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is now well above the 50 level.

Major Support Level – $2,250

Major Resistance Level – $2,350

Bitcoin price is holding the $55,000 support zone against the US Dollar. BTC must clear the $57,000 resistance and the 100 hourly SMA to move into a positive zone.

• Bitcoin is somehow holding the $55,000 and $54,500 support levels.
• The price is now facing a strong resistance near $57,500 and the 100 hourly simple moving average.
• There was a break above a major declining channel with resistance near $55,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start a strong increase if there is a clear break above the $57,500 resistance zone.

Bitcoin Price is Facing Hurdles

Bitcoin remained below the main $57,500 resistance zone. BTC declined below the $55,000 support, but it found support near the $53,400 zone. A low was formed near $53,338 before the price started a fresh increase.

It broke the $54,500 and $55,000 resistance levels. There was also a break above a major declining channel with resistance near $55,250 on the hourly chart of the BTC/USD pair. The pair even climbed above $57,000, but it failed to clear the 100 hourly simple moving average.

A high is formed near $57,150 and the price is now correcting lower. It traded close to the 50% Fib retracement level of the upward move from the $53,338 low to $57,151 high.

Source: BTCUSD on TradingView.com

On the upside, the price is facing a strong resistance near the $57,100 and $57,500 levels. The 100 hourly simple moving average is also near the $57,500 level to act as a hurdle. A successful break above the $57,500 resistance is must to start a strong increase in the coming sessions.

Dips Supported in BTC?

If bitcoin fails to clear the $57,000 and $57,500 resistance levels, it could correct lower. An immediate support on the downside is near the $55,200 level.

The first key support is near the $54,800 level. It is near the 61.8% Fib retracement level of the upward move from the $53,338 low to $57,151 high. Any more losses may possibly call for a retest of the $53,350 zone in the near term.

Technical indicators:

Hourly MACD – The MACD is struggling to gain momentum in the bullish zone.

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

Major Support Levels – $55,200, followed by $54,800.

Major Resistance Levels – $56,500, $57,100 and $57,500.

• ADA price started a strong decline from well above the $1.350 level against the US Dollar.
• The price is now well below the $1.300 support and the 55 simple moving average (4-hours).
• There was a break below a key contracting triangle with support near $1.305 on the 4-hours chart (data feed via Bitfinex).
• The price is likely to continue lower below the $1.100 and $1.050 support levels.

Cardano price is declining and trading well below $1.200 against the US Dollar, similar to bitcoin. ADA price could decline heavily if it fails to stay above $1.050.

Cardano Price Analysis

After forming a base above the $1.250 level, cardano price started a strong increase against the US Dollar. The ADA/USD pair broke many hurdles near $1.300 and $1.400 levels.

It even spiked above $1.500, but it failed to clear the $1.560. A high was formed near $1.560 and there was a sharp decline in the past few sessions. The price broke many supports near the $1.450 and $1.300 levels. There was also a break below a key contracting triangle with support near $1.305 on the 4-hours chart.

It is currently trading well below $1.300 and the 55 simple moving average (4-hours). It tested the $1.050 support and started a recovery wave. It climbed above the $1.150 and $1.220 levels.

There was a break above the 23.6% Fib retracement level of the downward move from the $1.560 high to $1.056 low. However, the price is facing a strong resistance near the $1.300 and $1.308 levels. It failed to clear the 55 simple moving average (4-hours). The 50% Fib retracement level of the downward move from the $1.560 high to $1.056 low is also acting as a resistance.

It is sliding again and trading below $1.250. An immediate support is near the $1.100 level. The main support is near the $1.050 level. If there is a clear break below the $1.050 support, there is a risk of a sharp decline in the coming sessions.

Conversely, the price might start a fresh increase above the $1.250 resistance zone. The next key resistance is near the $1.308 level.

Cardano (ADA) Price

The chart indicates that ADA price is clearly struggling below the $1.300 and $1.250 levels. Overall, the price is likely to continue lower below the $1.100 and $1.050 support levels.

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 well below the 50 level.

Key Support Levels – $1.100 and $1.050.

Key Resistance Levels – $1.250 and $1.300.

The post Cardano (ADA) Price Analysis: Risk of More Downsides Below $1.05 appeared first on Live Bitcoin News.

• Ethereum price started a fresh decline from well above $2,400 against the US Dollar.
• ETH price is currently trading well below $2,275 and the 55 simple moving average (4-hours).
• There was a break below a major contracting triangle with support near $2,275 on the 4-hours chart (data feed from Coinbase).
• The pair is likely to find a strong buying interest near the $2,000 and $1,930 levels.

Ethereum price is correcting gains below $2,300 against the US Dollar. ETH/USD could decline heavily if there is a daily close below the $2,000 support zone.

Ethereum Price Analysis

There was an upside break in Ethereum above the $2,400 level against the US Dollar. However, ETH failed to test the $2,550 resistance zone. A high was formed near $2,548 before the price started a fresh decline.

The price broke many supports near the $2,300 and $2,275 levels. There was also a break below a major contracting triangle with support near $2,275 on the 4-hours chart. It is currently trading well below $2,275 and the 55 simple moving average (4-hours).

ETH tested the $2,000 support and started a recovery wave. It climbed above the $2,150 and $2,200 levels. There was a break above the 23.6% Fib retracement level of the downward move from the $2,548 high to $2,000 low.

However, the price is facing a strong resistance near the $2,275 and $2,300 levels. It failed to clear the 55 simple moving average (4-hours). The 50% Fib retracement level of the downward move from the $2,548 high to $2,000 low is also acting as a resistance.

It is sliding again and trading below $2,150. An immediate support is near the $2,050 level. The main support is near the $2,000 level. If there is a daily close below the $2,000 level, there is a risk of a sharp decline in the coming sessions.

Conversely, the price might start a fresh increase above the $2,275 resistance zone. The next key resistance is near the $2,400 level.

Ethereum Price

Looking at the chart, Ethereum price is clearly trading well below the $2,300 level and the 55 simple moving average (4-hours). Overall, ether price is likely to find a strong buying interest near the $2,000 and $1,930 levels.

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 now well below the 50 level.

Key Support Levels – $2,050, followed by the $2,000 zone.

Key Resistance Levels – $2,200 and $2,275.

The post Ethereum Price Analysis: ETH Corrects Lower, $2,000 Holds The Key appeared first on Live Bitcoin News.

Ethereum failed to recover above the $2,300 resistance zone against the US Dollar. ETH price is moving lower and it is likely to accelerate lower below the $2,000 support.

• Ethereum failed to move above the $2,300 zone and started a fresh decline.
• The price is now trading well below $2,200 and the 100 hourly simple moving average.
• There is a major bearish trend line forming with resistance near $2,180 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is likely to break the $2,000 support and continue lower in the near term.

Ethereum Price Is Declining

Ethereum started a short-term recovery wave above the $2,100 level. ETH broke the $2,200 resistance level, but the bulls struggled to gain strength, similar to bitcoin.

It faced a strong selling interest near the $2,280 and $2,300 levels. A high was formed near $2,281 before the price started a fresh decline. It broke the 50% Fib retracement level of the upward move from the $1,953 swing low to $2,281 high.

It is now trading well below $2,200 and the 100 hourly simple moving average. There is also a major bearish trend line forming with resistance near $2,180 on the hourly chart of ETH/USD.

Source: ETHUSD on TradingView.com

An immediate support is near the $2,040 level. It is near the 76.4% Fib retracement level of the upward move from the $1,953 swing low to $2,281 high. A downside break below the $2,040 level may possibly open the doors for more losses. The next major support is near the $2,000 level, below which the price could dive towards the $1,920 and $1,900 levels.

Upsides Limited in ETH?

If Ethereum stays above the $2,040 and $2,000 support levels, it could start a fresh increase. An initial resistance on the upside is near the $2,150 level.

The first major resistance is now forming near the trend line and $2,160. A clear break above the trend line resistance could lead the price towards the main $2,280 resistance and the 100 hourly simple moving average. Ether must settle above $2,280 and $2,300 to move back into a positive zone in the coming days.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is slowly gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now well below the 50 level.

Major Support Level – $2,040

Major Resistance Level – $2,160

Bitcoin price struggled to recover above $57,500 against the US Dollar. BTC is now declining and it remains at a risk of more downsides towards $52,000.

• Bitcoin is facing an uphill task above the $57,000 and $57,500 levels.
• The price is now trading well below the $57,000 level and the 100 hourly simple moving average.
• There is a key declining channel forming with resistance near $56,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair is likely to continue lower towards $53,000 and $52,000 in the near term.

Bitcoin Price Resumes Decline

Bitcoin started a decent recovery wave above the $55,000 resistance zone. BTC broke the $56,500 and $57,000 resistance levels.

There was a break above the 23.6% Fib retracement level of the downward move from the $63,750 swing high to $51,150 swing low. However, the bulls faced an uphill task near the $57,500 level and it also remained well below the 100 hourly simple moving average.

It seems like bitcoin was rejected near the 50% Fib retracement level of the downward move from the $63,750 swing high to $51,150 swing low. It is now trading well below the $57,000 level and the 100 hourly simple moving average.

Source: BTCUSD on TradingView.com

There is also a key declining channel forming with resistance near $56,000 on the hourly chart of the BTC/USD pair. If there is a downside break below the channel support at $54,000, there is a risk of a drop towards the $53,000 support zone. The next major support is near $52,000, where the bulls might take a stand.

Upsides Capped in BTC?

If bitcoin remains stable above the $54,000 level, it could attempt an upside break. The first key resistance is near the channel trend line at $56,000.

An upside break above the channel resistance could open the doors for a move towards the $57,500 resistance. The next major hurdle for the bulls could be $58,000 or the 100 hourly simple moving average. A close above the $57,500 and $58,000 levels is must to change the current bearish bias in the near term.

Technical indicators:

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

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

Major Support Levels – $54,000, followed by $52,000.

Major Resistance Levels – $56,000, $57,000 and $57,500.

• Ripple price surged towards the $2.0 level before correcting lower against the US dollar.
• The price is now trading below the $1.65 support and the 55 simple moving average (4-hours).
• There is a major declining channel forming with resistance near $1.620 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).
• The pair could extend its losses below $1.350 as long as it is below the $1.650 zone.

Ripple price is struggling to hold gains above $1.350 resistance against the US Dollar. XRP price remains at a risk of more losses unless there is a break above $1.650.

Ripple Price Analysis

After forming a base above the $1.000 and $1.100 support levels, ripple price started a fresh rally against the US Dollar. The XRP/USD pair broke many hurdles near $1.5000 and $1.650 to move into a positive zone.

It even attempted a test of the $2.00 level and settled above the 55 simple moving average (4-hours). A high was formed near $1.964 before there was a sharp downside correction. The price broke a couple of important supports near the $1.650 level.

There was also a break below the $1.500 level. The price is now trading below the $1.65 support and the 55 simple moving average (4-hours). A low is formed near $1.360 and it is now consolidating losses.

An initial resistance on the upside is near the $1.500 level. It is near the 23.6% Fib retracement level of the recent decline from the $1.964 high to $1.360 low. The 55 simple moving average (4-hours) is also near $1.500.

Moreover, there is a major declining channel forming with resistance near $1.620 on the 4-hours chart of the XRP/USD pair. The main resistance is near the $1.650 level. It is near the 50% Fib retracement level of the recent decline from the $1.964 high to $1.360 low.

A successful close above the channel resistance and then $1.650 is must for a fresh rally. The main target for the bulls above $1.650 might be $2.00 in the near term.

On the downside, the price could find a strong support near $1.350, below which the price might slide towards the $1.10 level.

Ripple Price

Looking at the chart, ripple price is clearly facing hurdles near the 55 simple moving average (4-hours) and $1.600. Overall, the price could extend its losses below $1.350 as long as it is below the $1.650 zone.

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 below the 50 level.

Key Support Levels – $1.360, $1.350 and $1.100.

Key Resistance Levels – $1.500 and $1.650.

The post Ripple Price Analysis: Risk of More Losses Below $1.35 appeared first on Live Bitcoin News.

Ethereum started a sharp downside correction below $2,400 and $2,300 against the US Dollar. ETH price is correcting losses, but it is likely to face sellers near $2,300.

• Ethereum declined heavily from well above $2,400 and tested the $2,000 zone.
• The price is now trading well below $2,300 and the 100 hourly simple moving average.
• There was a break above a key bearish trend line with resistance near $2,250 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is likely to face a strong resistance near $2,300 and $2,320.

Ethereum Price Is Correcting Losses

Ethereum formed a short-term top near the $2,550 level and started a major decline. ETH traded below many important supports near the $2,400 and $2,300.

The price even declined below the $2,200 support and settled well below the 100 hourly simple moving average, similar to bitcoin. It even spiked below the $2,000 support and traded as low as $1,951. Recently, ether started a decent recovery and climbed above the $2,100 and $2,200 levels.

There was a break above the 50% Fib retracement level of the downward move from the $2,496 swing high to $1,951 low. There was also a break above a key bearish trend line with resistance near $2,250 on the hourly chart of ETH/USD.

Source: ETHUSD on TradingView.com

The pair is now consolidating near the $2,250 level. On the upside, there is a major resistance forming near the $2,300 level and the 100 hourly simple moving average. The 61.8% Fib retracement level of the downward move from the $2,496 swing high to $1,951 low is also near $2,288.

A successful close above the $2,300 level and the 100 hourly SMA is must to move back into a positive zone. The next major resistance sits near $2,350.

Fresh Decline in ETH?

If Ethereum fails to clear the $2,300 level and the 100 hourly SMA, there is a risk of a fresh decline. An initial support on the downside is near the $2,200 level.

The next major support is near the $2,175 level. A successful downside break below the $2,175 support zone could open the doors for a move towards the $2,100 support in the coming sessions.

Technical Indicators

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

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

Major Support Level – $2,200

Major Resistance Level – $2,300

Bitcoin price started a sharp decline after it broke the $60,000 support zone against the US Dollar. BTC is correcting gains, but it is likely to face sellers below $58,000.

• Bitcoin declined heavily below the $60,000 and $58,000 support levels.
• The price is now trading well below $58,000 and the 100 simple moving average (4-hours).
• There was a break below a key bullish trend line with support near $62,000 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
• The pair is correcting losses, but it might face resistance near $58,000 and $60,000.

Bitcoin Price is Down 12%

This past week, bitcoin price saw a decent increase above the $62,000 resistance against the US Dollar. The BTC/USD pair traded to a new all-time above $64,000 and it settled above the 100 simple moving average (4-hours).

However, there was a substantial downside correction from well above $62,000 in the past few sessions. The price declined heavily below the $60,000 and $58,000 support levels.

The bears were able to push the price below the $55,000 support zone and the 100 simple moving average (4-hours). A low is formed near $51,132 and the price is now correcting higher. It broke the $52,000 and $53,200 resistance levels.

Source: BTCUSD on TradingView.com

Bitcoin cleared the 23.6% Fib retracement level of the recent decline from the $62,692 high to $51,132 low. The price is now facing resistance near the $55,500 and $56,000 levels.

The first major resistance is near the $57,000 level. It is near the 50% Fib retracement level of the recent decline from the $62,692 high to $51,132 low. The main resistance is now forming near the $58,500 level, above which the price might start a fresh increase.

More Losses in BTC?

If bitcoin fails above the $56,000 level, there is a risk of more losses. The first major support is near the $55,000 and $54,800 levels.

The next major support is near the $53,800 level. Any more losses might call for a fresh drop towards the $52,000 support levels. In the stated case, there are even chances of a drop towards the main $50,000 support zone in the near term.

Technical indicators

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

4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is now well below the 40 level.

Major Support Level – $53,800

Major Resistance Level – $57,000

Ethereum climbed further above the $2,500 level against the US Dollar. ETH price is correcting gains, but it is likely to remain stable near $2,350 and the 100 hourly SMA.

• Ethereum gained pace above $2,500 and it traded to a new all-time high near USD 2,548.
• The price is now trading well above $2,400 and the 100 hourly simple moving average.
• There is a key rising channel forming with support near $2,420 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is likely to resume its rise as long as it is above the $2,350 support zone.

Ethereum Price Is Correcting Gains

Ethereum followed a bullish path above the $2,400 level and extended its gains. ETH even broke the $2,500 level and traded to a new all-time high at $2,488.

Recently, there was a downside correction below the $2,500 level, similar to bitcoin. The bears were able to push the price below the $2,480 support level. The price even broke the 50% Fib retracement level of the upward wave from the $2,406 swing low to $2,548 high.

The price is now approaching the $2,420 support level. It is testing the 76.4% Fib retracement level of the upward wave from the $2,406 swing low to $2,548 high.

Source: ETHUSD on TradingView.com

There is also a key rising channel forming with support near $2,420 on the hourly chart of ETH/USD. If there is a downside break below the channel support, the price could decline towards the $2,350 support. The 100 hourly simple moving average is also near the $2,350 level to provide support.

Any more losses might call for a move towards the $2,300 level in the near term. The next major support is near the $2,200 level (the last major breakout zone).

Fresh Increase in ETH?

If Ethereum stays above the channel support, it could start a fresh increase above $2,450. An initial resistance on the upside is near the $2,500 level.

A successful break above the $2,500 level could initiate a move towards the $2,550 level. Any more gains are likely to set the pace for a test of $2,600 or even $2,660 in the coming sessions.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is slowly gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now just below the 50 level.

Major Support Level – $2,350

Major Resistance Level – $2,500

Bitcoin price started a downside correction from the $54,900 zone against the US Dollar. BTC is now consolidating and it could start a fresh increase if it clears $54,900

• Bitcoin is showing positive signs above the $62,500 and $62,000 levels.
• The price is now trading well above the $62,000 level and the 100 hourly simple moving average.
• There is a key contracting triangle forming with resistance near $63,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair is likely to start a fresh rally if it clears the main $64,000 resistance zone.

Bitcoin Price is Holding Gains

Bitcoin traded to a new all-time high at $64,892 before starting a downside correction. BTC corrected below the $64,000 and $63,500 support levels.

There was a spike below the $62,000 support, but the 100 hourly simple moving average acted as a support. The price is now trading well above the $62,000 level and the 100 hourly simple moving average. It recovered above the 50% Fib retracement level of the recent decline from the $64,892 swing high to $61,292 low.

Source: BTCUSD on TradingView.com

However, the bulls are now facing resistance near the $63,500 zone. There is also a key contracting triangle forming with resistance near $63,700 on the hourly chart of the BTC/USD pair.

The triangle resistance is near the 61.8% Fib retracement level of the recent decline from the $64,892 swing high to $61,292 low. A successful break above the triangle resistance could spark an upside break above the $64,000 level. In the stated case, the price could rally towards the $65,000 level. Any more gains might call for a move towards the $66,500 and $66,800 levels in the near term.

Dips Supported in BTC?

If bitcoin fails to climb above $63,700 and $64,000, there could be another downside correction. An initial support on the downside is near the $62,500 level.

The main support is now forming near the $62,000 level and the triangle trend line. A downside break below the triangle trend line support might lead the price further lower towards the key $61,120 support zone in the near term.

Technical indicators:

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

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

Major Support Levels – $62,000, followed by $61,120.

Major Resistance Levels – $63,500, $63,700 and $64,000.

• Tron price started a fresh rally from the $0.1000 support zone against the US Dollar.
• TRX price is now trading above the $0.1200 support and the 55 simple moving average (4-hours).
• There is a major bullish trend line forming with support near $0.1365 on the 4-hours chart (data feed via Bitfinex).
• The pair is likely to resume higher unless there are more downsides towards the $0.1000 support.

TRON price is trading in a positive zone above $0.1200 against the US Dollar, similar to bitcoin. TRX price is likely to continue higher above the $0.1500 resistance zone in the near term.

Tron Price Analysis

In the past few days, there was a steady increase in tron price above the $0.1000 and $0.1050 resistance levels against the US Dollar. TRX price cleared many hurdles near $0.1200 to move further into a bullish zone.

Finally, there was a break above the $0.1500 resistance zone. A new multi-week high was formed near $0.1562 before the price started a downside correction. There was a break below the $0.1500 and $0.1450 support levels.

A low is formed near $0.1320 and the price is currently consolidating. It is trading near the 23.6% Fib retracement level of the recent decline from the $0.1562 high to $0.1320 low. It is still trading above the $0.1200 support and the 55 simple moving average (4-hours).

There is also a major bullish trend line forming with support near $0.1365 on the 4-hours chart. An initial resistance on the upside is near the $0.1450 level. It is near the 50% Fib retracement level of the recent decline from the $0.1562 high to $0.1320 low.

The next major resistance is near the $0.1500 level, above which the price is likely to accelerate higher towards $0.1650 and $0.1680. Conversely, there might be a downside break below the trend line and $.1350.

The next major support is near the $0.1250 level and the 55 simple moving average (4-hours). Any more losses might call for a test of the $0.1200 level.

Tron (TRX) Price

The chart indicates that TRX price is clearly trading above the $0.1200 support and the 55 simple moving average (4-hours). Overall, the price is likely to resume higher unless there are more downsides towards the $0.1000 support.

Technical Indicators

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

4 hours RSI – The RSI for TRX/USD is still above the 50 level.

Key Support Levels – $0.1350 and $0.1250.

Key Resistance Levels – $0.1450, $0.1500 and $0.1650.

The post Tron (TRX) Price Analysis: Bulls Aim More Upsides Above $0.15 appeared first on Live Bitcoin News.

• Bitcoin price extended its rise above the $64,000 resistance against the US Dollar.
• The price is now trading above the $61,500 support and the 55 simple moving average (4-hours).
• There is a major bullish trend line forming with support near $61,080 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).
• The pair could start a fresh rally above $63,000 as long as there is no close below $60,000.

Bitcoin price extended its rally to a new all-time high above $64,500 against the US Dollar. BTC is correcting gains, but it remains well bid above the $60,000 zone.

Bitcoin Price Analysis

In the past few sessions, bitcoin price saw a strong increase above the $60,000 resistance against the US Dollar. BTC even traded above the $62,000 level and extended its rally above $64,000.

It traded to a new all-time high at $64,950 before starting a downside correction. There was a break below the $64,000 support zone. The price declined below the 50% Fib retracement level of the upward wave from the $59,300 swing low to $64,950 swing high.

It is now trading nicely above the $61,500 support and the 55 simple moving average (4-hours). There was a test of the 61.8% Fib retracement level of the upward wave from the $59,300 swing low to $64,950 swing high.

There is also a major bullish trend line forming with support near $61,080 on the 4-hours chart of the BTC/USD pair. The pair is now showing positive signs above the $62,000 level. The first major resistance on the upside is near the $63,600 level.

The next major hurdle is near the $64,000 level. A clear break above the $64,000 barrier could open the doors for a move towards the $65,000 and $65,500 levels.

On the downside, the $62,000 level is a major support. The main breakdown support is near the $61,000 level, below which there could be a sharp decline towards $59,300.

Bitcoin Price

Looking at the chart, bitcoin price is clearly trading in a positive zone above $62,000 and the 55 simple moving average (4-hours). Overall, the price could start a fresh rally above $63,000 as long as there is no close below $60,000.

Technical indicators

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

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

Key Support Levels – $62,000 and $61,000.

Key Resistance Levels – $63,600, $64,000 and $65,000.

The post Bitcoin Price Analysis: BTC Reaches $65K, Bulls In Control appeared first on Live Bitcoin News.

Ethereum extended its rally to a new all-time high near $2,450 against the US Dollar. ETH price is now consolidating gains, with high chances of more gains above the $2,450 level.

• Ethereum traded above $2,400 and topped near the $2,450 level.
• The price is now trading well above $2,400 and the 100 hourly simple moving average.
• There is a major bullish trend line forming with support near $2,370 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is likely to continue higher towards the $2,480 and $2,500 levels in the near term.

Ethereum Price Is Holding Gains

Ethereum remains in a positive zone above the $2,300 level. ETH extended its rally above the $2,400 level, outperforming bitcoin in the short-term.

It traded to a new all-time high near the $2,450 level and settled well above the 100 hourly simple moving average. It is now correcting gains and trading just below $2,420. There was a test of the 23.6% Fib retracement level of the upward move from the $2,293 swing low to $2,450 high.

Source: ETHUSD on TradingView.com

On the downside, there is a key support forming near the $2,400 level. The next major support is near the $2,375 level. There is also a major bullish trend line forming with support near $2,370 on the hourly chart of ETH/USD.

The trend line is close to the 50% Fib retracement level of the upward move from the $2,293 swing low to $2,450 high. On the upside, the $2,450 level is a major resistance zone. A successful close above the $2,450 level is likely to set the pace for a move towards the $2,500 level.

Dips Supported in ETH?

If Ethereum fails to clear the $2,450 resistance, it could correct lower. The first major support is now forming near the $2,400 level.

The main support is now near the $2,3750 level and the trend line zone. If ether fails to stay above the $2,375 support zone, it could continue to move down towards the $2,330 support zone. If the bulls fail to clear protect the $2,330 support could open the doors for a move towards the $2,320 support.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is slowly losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now well above the 60 level.

Major Support Level – $2,375

Major Resistance Level – $2,450

Bitcoin price traded to a new all-time high near $64,892 before correcting lower against the US Dollar. BTC tested the $61,500 level and it is now showing a few positive signs.

• Bitcoin climbed further above the $63,000 and $64,000 resistance levels.
• The price is now trading well above the $62,000 level and the 100 hourly simple moving average.
• There is a major bullish trend line forming with support near $61,850 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair is likely to start a fresh increase as long as it is above the $61,120 support zone.

Bitcoin Price is Correcting Gains

Bitcoin remained in a positive zone above the $62,000 level. BTC even extended its rise above the $63,000 and $64,000 resistance levels. It traded to a new all-time high at $64,892 before it started a downside correction.

There was a break below the $64,000 and $63,000 levels. The price declined below the 50% Fib retracement level of the upward move from the $59,700 swing low to $64,892 high. There was even a spike below the $62,000 support zone.

However, the bulls appeared near the $61,500 level. It remained well bid near the 61.8% Fib retracement level of the upward move from the $59,700 swing low to $64,892 high.

Source: BTCUSD on TradingView.com

There is also a major bullish trend line forming with support near $61,850 on the hourly chart of the BTC/USD pair. The pair is now recovering, and trading well above the $62,000 level and the 100 hourly simple moving average.

An initial resistance is near the $63,500 and $63,700 levels. The next major resistance is near the $64,000 level, above which the price is likely to climb to a new all-time high.

Dips Limited in BTC?

If bitcoin fails to climb above $63,500 and $63,700, there could be another downside correction. An initial support on the downside is near the $62,000 level.

The main support is now forming near the $61,800 level and the trend line. A downside break below the trend line support might call for a test of the key $61,120 support zone in the near term.

Technical indicators:

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

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

Major Support Levels – $61,800, followed by $61,120.

Major Resistance Levels – $63,500, $63,700 and $64,000.

• ADA price started a strong increase above the $1.350 and $1.400 resistance levels against the US Dollar.
• The price is now above the $1.400 support and the 55 simple moving average (4-hours).
• There is a major bullish trend line forming with support near $1.2600 on the 4-hours chart (data feed via Bitfinex).
• The price is likely to continue higher above the $1.550 and $1.600 resistance levels.

Cardano price is trading with a positive bias above $1.450 against the US Dollar, while bitcoin is rising. ADA price could continue to rise above $1.600 in the coming sessions.

Cardano Price Analysis

After forming a base above the $1.1600 level, cardano price started a strong increase against the US Dollar. The ADA/USD pair broke many hurdles near $1.220 and $1.250 levels to move into a positive zone.

There was a clear break above the $1.350 resistance levels. Recently, there was also a break above a bullish continuation pattern with resistance near $1.340 on the 4-hours chart. The pair gained pace above the $1.400 level and traded to a new yearly high at $1.540.

It is now consolidating gains, with an immediate support near the $1.475 level. It is near the 23.6% Fib retracement level of the upward move from the $1.260 swing low to $1.540 high.

The next major support is near the $1.400 pivot level. The 50% Fib retracement level of the upward move from the $1.260 swing low to $1.540 high is also near the $1.400 zone. Moreover, there is a major bullish trend line forming with support near $1.2600 on the same chart.

Therefore, dips are likely to remain well bid near the $1.400 and $1.320 levels. The price is now trading nicely above the $1.400 support and the 55 simple moving average (4-hours). An immediate resistance on the upside is near the $1.550 level.

A clear break above the recent high could open the doors for more gains above the $1.600 level. The next key resistance is near $1.650, followed by $1.800.

Cardano (ADA) Price

The chart indicates that ADA price is clearly trading in a strong uptrend above $1.400. Overall, the price is likely to continue higher above the $1.550 and $1.600 resistance levels.

Technical Indicators

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

4 hours RSI – The RSI for ADA/USD is now well above the 60 level.

Key Support Levels – $1.475 and $1.400.

Key Resistance Levels – $1.550 and $1.650.

The post Cardano (ADA) Price Analysis: Surging Above $1.50, More Gains Possible appeared first on Live Bitcoin News.

• Ethereum price started a fresh increase above the $2,150 resistance against the US Dollar.
• ETH price is currently trading well above $2,200 and the 55 simple moving average (4-hours).
• There is a key bullish trend line forming with support near $2,220 on the 4-hours chart (data feed from Coinbase).
• The pair could dip in the short-term, but there are high chances of more gains above $2,400 in the near term.

Ethereum price is now gaining pace above $2,200 against the US Dollar. ETH/USD already traded to a new all-time high and it could rally further above $2,400

Ethereum Price Analysis

After forming a support base above $2,000, Ethereum started another increase against the US Dollar. ETH broke many hurdles near $2,150 and $2,200 to move further into a positive zone.

There was a steady increase above the $2,300 level. The price is now trading well above $2,200 and the 55 simple moving average (4-hours). It already traded to a new all-time high above $2,380 and it is likely to continue higher in the near term.

An initial support on the downside is near the $2,310 level. It is near the 23.6% Fib retracement level of the upward move from the $2,103 swing low to $2,383 high.

The first major support on the downside is near the $2,240 level. The 50% Fib retracement level of the upward move from the $2,103 swing low to $2,383 high is also near the $2,240 level. There is also a key bullish trend line forming with support near $2,220 on the 4-hours chart.

The main support is now forming near the $2,200 level. Any more losses could open the doors for a move towards the $2,100 level. Conversely, the price might continue to rise above the $2,380 and $2,390 levels.

The next major resistance is near the $2,400 level, above which the price is likely to accelerate higher towards the $2,500 level in the near term.

Ethereum Price

Looking at the chart, Ethereum price is clearly trading well above the $2,200 level and the 55 simple moving average (4-hours). Overall, ether price could dip in the short-term, but there are high chances of more gains above $2,400 in the near term.

Technical indicators

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

4 hours RSI (Relative Strength Index) – The RSI for ETH/USD is now well above the 60 level.

Key Support Levels – $2,250, followed by the $2,200 zone.

Key Resistance Levels – $2,400 and $2,500.

The post Ethereum Price Analysis: ETH Rallies Further, $2,500 Could Be Next appeared first on Live Bitcoin News.

Ethereum is gaining momentum above $2,300 against the US Dollar. ETH price is showing positive signs and it is likely to continue higher towards the $2,400 and $2,500 levels.

• Ethereum is gaining pace above the $2,200 and $2,250 resistance levels.
• The price is now trading well above $2,250 and the 100 hourly simple moving average.
• There was a break above a key contracting triangle with resistance near $2,300 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is likely to continue higher towards the $2,400 and $2,420 levels in the near term.

Ethereum Price Is Gaining Pace

Ethereum started a strong increase after it broke the $2,200 resistance zone. ETH broke many hurdles near $2,220 and $2,250 to move into a positive zone.

There was a clear break above the $2,300 resistance levels. Moreover, there was a break above a key contracting triangle with resistance near $2,300 on the hourly chart of ETH/USD. It is now trading well above the 1.236 Fib extension level of the downward move from the $2,200 swing high to $2,102 low.

Ether is now trading well above $2,250 and the 100 hourly simple moving average. It is showing a lot of positive signs above the $2,300 level, and it traded to a new all-time high, similar to bitcoin.

Source: ETHUSD on TradingView.com

It seems like the bulls are aiming a test of the $2,400 level. An intermediate resistance could be $2,355. It is near the 2.618 Fib extension level of the downward move from the $2,200 swing high to $2,102 low. Any more gains could open the doors for a push towards the $2,500 level in the near term.

Dips Limited in ETH?

If Ethereum fails to clear the $2,350 resistance, it could correct lower. The first major support is now forming near the $2,300 level or the broken triangle zone.

The main support is now near the $2,250 level. If ether fails to stay above the $2,250 support zone, it could continue to move down towards the $2,200 support zone. Any more losses might call for a test of the $2,180 support area and the 100 hourly simple moving average.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is now well above the 60 level.

Major Support Level – $2,300

Major Resistance Level – $2,400