Author Archives: Aayush Jindal

• EOS price started a recovery wave from the $1.05 zone against the US Dollar.
• The price is now trading below $1.40 and the 55 simple moving average (4-hours).
• There is a major bearish trend line forming with resistance near $1.330 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
• The pair could extend its decline if it trades below the $1.20 support zone in the near term.

EOS price is struggling below $1.40 against the US Dollar, similar to bitcoin. The price must stay above the $1.20 support zone to avoid more losses.

EOS Price Analysis

This week, EOS price attempted a recovery wave above the $1.20 level against the US Dollar. Earlier, the price formed a base above the $1.05 level and started a recovery wave.

There was a break above the $1.10 and $1.20 resistance levels. The price climbed above the 23.6% Fib retracement level of the key decline from the $1.820 swing high to $1.060 low. There was a spike above the $1.40 resistance and the 55 simple moving average (4-hours).

However, the bears defended the $1.45 resistance. The price faced sellers near the 50% Fib retracement level of the key decline from the $1.820 swing high to $1.060 low.

EOS is now trading below $1.40 and the 55 simple moving average (4-hours). On the downside, an immediate support is near the $1.22 level. The next key support is near the $1.20 level. If there is a downside break below the $1.20 support, the price could continue to move down towards the $1.05 level in the near term.

On the upside, there is a major bearish trend line forming with resistance near $1.330 on the 4-hours chart of the EOS/USD pair. The first major resistance is near the $1.45 level.

To start a fresh increase, the price must clear $1.40 and $1.45. In the stated case, the price could rise towards $1.65. The next key resistance could be $1.80.

EOS Price

Looking at the chart, EOS price is now trading below the $1.40 level and the 55 simple moving average (4-hours). Overall, the price could extend its decline if it trades below the $1.20 support zone in the near term.

Technical indicators

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

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

Major Support Levels – $1.22 and $1.20.

Major Resistance Levels – $1.40 and $1.45.

The post EOS Price Analysis: Key Support Nearby At $1.20 appeared first on Live Bitcoin News.

• Litecoin started a recovery wave from the $52 level against the US Dollar.
• LTC price is now trading below $70 and the 55 simple moving average (4-hours).
• There is a key bullish trend line forming with support near $67 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).
• The pair could accelerate lower towards the $60 and $55 support levels in the near term.

Litecoin price is losing pace below $70 against the US Dollar, similar to bitcoin. LTC price could continue to move down towards the $55 support.

Litecoin Price Analysis

In the past few days, there were range moves in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC formed a base above the $52 level and started a recovery wave.

There was a move above the $55 and $60 resistance levels. The price climbed above the 50% Fib retracement level of the key decline from the $85 swing high to $52 low. The bulls attempted a move above the $72 and $75 resistance levels.

However, they failed to gain strength above $72. The price also stayed below the 61.8% Fib retracement level of the key decline from the $85 swing high to $52 low.

It is now trading below $70 and the 55 simple moving average (4-hours). On the downside, an immediate support is near the $67 level. There is also a key bullish trend line forming with support near $67 on the 4-hours chart of the LTC/USD pair.

The next key support is near the $60 level. If there is a downside break below the $60 support, the price could continue to move down towards the $55 level in the near term.

On the upside, the price might face resistance near the $72 and $73 levels. The first major resistance is near the $75 level. To start a fresh increase, the price must clear $72 and $75.

Litecoin (LTC) Price

Looking at the chart, litecoin price is clearly trading below $75 and the 55 simple moving average (4-hours). Overall, the price could accelerate lower towards the $60 and $55 support levels in the near term.

Technical indicators

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

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

Key Support Levels – $67 and $55

Key Resistance Levels – $72 and $75.

The post Litecoin (LTC) Price Analysis: Bears In Control Below $75 appeared first on Live Bitcoin News.

Ethereum struggled to gain pace above the $2,000 resistance against the US Dollar. ETH is declining, but it is still above the key $1,920 support zone.

• Ethereum is showing a few bearish signs below the $2,000 barrier.
• The price is now trading below $2,000 and the 100 hourly simple moving average.
• There is a major bearish trend line forming with resistance near $1,970 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could decline sharply if there is a clear move below the $1,920 support zone.

Ethereum climbed above the $1,950 resistance and the 100 hourly simple moving average. However, the bears protected major gains above the key $2,000 zone.

The price started a fresh decline from the $2,020 swing high. There was a clear move below the $1,980 level and $1,950. Ether is now trading below $2,000 and the 100 hourly simple moving average. A low is formed near $1,931 and the price is now consolidating losses.

On the upside, an initial resistance is near the $1,950 level. It is near the 23.6% Fib retracement level of the recent decline from the $2,020 swing high to $1,931 low.

The next major resistance is near the $1,970 level. There is also a major bearish trend line forming with resistance near $1,970 on the hourly chart of ETH/USD. The trend line is near the 50% Fib retracement level of the recent decline from the $2,020 swing high to $1,931 low.

The main resistance is now forming near the $2,000 level. A close above the $2,000 level could open the doors for a steady increase. In the stated case, ether price could rise towards the $2,085 resistance zone. Any more gains may perhaps send it towards the key $2,200 resistance zone.

If ethereum fails to recover above the $2,000 resistance, it could continue to move down. An initial support on the downside is near the $1,930 zone.

The next major support is near the $1,920 level. A downside break below the $1,920 level might call for a sharp decline. In the stated case, the price could dive towards the $1,850 level. Any more losses may perhaps call for a move to $1,800.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is now losing momentum in the bearish zone.

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

Major Support Level – $1,920

Major Resistance Level – $2,000

Bitcoin retested the key $28,500 support zone against the US Dollar. BTC is rising and the bulls might aim a clear move above the $30,600 resistance.

• Bitcoin is trading in a major range below the $30,600 resistance zone.
• The price is now trading near the $29,800 level and the 100 hourly simple moving average.
• There is a crucial bearish trend line forming with resistance near $29,950 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could gain pace if there is a clear move above the key $30,600 resistance zone.

Bitcoin price remained well bid above the $28,500 support zone. There was a fresh increase initiated from the $28,635 swing low and the price climbed above $29,000.

There was a break above the $29,500 resistance zone and the 100 hourly simple moving average. The price even climbed above the $30,000 level, but there was no upside continuation. A high was formed near $30,188 and the price is now consolidating gains.

Bitcoin is trading near the $29,800 level and the 100 hourly simple moving average. There was already a test of the 50% Fib retracement level of the upward move from the $28,635 swing low to $30,188 high.

An immediate resistance on the upside is near the $29,950 level. There is also a crucial bearish trend line forming with resistance near $29,950 on the hourly chart of the BTC/USD pair. The next major resistance is near the $30,180 level.

The main resistance is still near the $30,600 zone. A clear move above the $30,600 resistance level might start a strong increase. In the stated case, the price may perhaps clear the $31,200 resistance zone.

If bitcoin fails to clear the $30,180 resistance zone, it could start another decline. An immediate support on the downside is near the $29,400 level.

The first major support is near the $29,250 level. It is near the 61.8% Fib retracement level of the upward move from the $28,635 swing low to $30,188 high. A downside break below the $29,250 support might send the price further lower. The main support is still near the $28,500 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 above the 50 level.

Major Support Levels – $29,400, followed by $29,250.

Major Resistance Levels – $29,950, $30,180 and $30,600.

• ADA price started a steady decline from the $0.70 resistance against the US Dollar.
• The price is now trading below $0.60 and the 55 simple moving average (4-hours).
• There was a break above a major bearish trend line with resistance near $0.55 on the 4-hours chart (data feed via Bitfinex).
• The price could continue to move down if it fails to recover above the $0.55 resistance zone.

Cardano price is recovering above $0.50 against the US Dollar, similar to bitcoin. ADA price could start a steady increase if it clears $0. 55 and $0.60.

Cardano Price Analysis

This week, cardano price saw a fresh decline from the $0.70 resistance zone against the US Dollar. The ADA/USD pair traded below the $0.65 and $0.55 support levels to move into a bearish zone.

The price settled below $0.55 and the 55 simple moving average (4-hours). It even spiked below the $0.500 level and traded as low as 0.4028. The price is now correcting losses and trading above the $0.500 level. There was a move above the 23.6% Fib retracement level of the key decline from the $0.905 swing high to $0.402 low.

Besides, there was a break above a major bearish trend line with resistance near $0.55 on the 4-hours chart. On the upside, an immediate resistance is near the $0.50 level and the 55 simple moving average (4-hours).

The first major resistance is near the $0.600 level. A clear upside break above the $0.60 level might send the price towards the $0.65 resistance. It is near the 50% Fib retracement level of the key decline from the $0.905 swing high to $0.402 low.

The next key resistance might be near the $0.732 level. Any more gains could start a steady increase towards the $0.78 level in the near term. On the downside, an immediate support is near the $0.505 level.

The next major support is near the $0.50 level. If there are additional losses, the price may perhaps decline towards the $0.45 support level. A break below $0.45 could push the price towards the $0.40 level.

Cardano (ADA) Price

The chart indicates that ADA price is now trading below $0.60 and the 55 simple moving average (4-hours). Overall, the price could continue to move down if it fails to recover above the $0.55 resistance zone.

Technical Indicators

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

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

Key Support Levels – $0.500 and $0.450.

Key Resistance Levels – $0.550 and $0.600.

The post Cardano (ADA) Price Analysis: Key Support Sits At $0.5 appeared first on Live Bitcoin News.

• Bitcoin price extended decline below the $30,000 zone against the US Dollar.
• The price is now trading above $32,000 and the 55 simple moving average (4-hours).
• There is a major bearish trend line forming with resistance near $30,250 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).
• The pair could start a steady increase if there is a move above the $31,000 level.

Bitcoin price is struggling below $31,000 against the US Dollar. BTC might extend losses if it stays below the $31,000 and $32,000 resistance levels.

Bitcoin Price Analysis

Bitcoin price failed to clear the $33,000 resistance zone. As a result, BTC started a fresh decline and traded below the key $30,000 support zone.

There was a clear move below the $28,500 level and the 55 simple moving average (4-hours). The price even traded below the $27,000 level. A low is formed near $25,338 before there was a recovery wave. There was a move above the $29,200 resistance zone.

The price even climbed above the 23.6% Fib retracement level of the downward move from the $40,050 swing high to $25,338 low. An immediate resistance on the upside is near the $30,250 level.

There is also a major bearish trend line forming with resistance near $30,250 on the 4-hours chart of the BTC/USD pair. The next major resistance on the upside is near the $31,000 level. To start another increase, the price must settle above the $31,000 level in the near term.

In the stated case, bitcoin could rise towards the $32,000 resistance or even the 50% Fib retracement level of the downward move from the $40,050 swing high to $25,338 low.

If there is no upside break, the price might start a fresh decline below $30,000. The next key support is near the $28,600 level. Any more losses might call for a test of the $26,500 support zone, where the bulls might take a stand in the near term.

Bitcoin Price

Looking at the chart, bitcoin price is clearly trading above $30,000 and the 55 simple moving average (4-hours). Overall, the price could start a steady increase if there is a move above the $31,000 level.

Technical Indicators

4 hours MACD – The MACD is now gaining momentum in the bullish zone.

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

Key Support Levels – $28,600 and $26,500.

Key Resistance Levels – $30,250, $31,000 and $32,000.

The post Bitcoin Price Analysis: BTC Eyes Recovery Above $31K appeared first on Live Bitcoin News.

Ethereum extended decline and tested the $1,920 support against the US Dollar. ETH is rising and might revisit the key $2,085 resistance zone.

• Ethereum remained stable above the key $1,920 support zone.
• The price is now trading above $2,000 and the 100 hourly simple moving average.
• There was a break above a major bearish trend line with resistance near $1,980 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could rise further, but the $2,085 zone presents a major hurdle.

Ethereum extended decline after it broke the $1,950 support and the 100 hourly simple moving average. However, the bulls took a strong stand near the $1,920 support.

A low was formed near $1,911 and the price started a recovery wave. There was a clear move above the $1,950 and $1,960 resistance levels. Ether price climbed above the 50% Fib retracement level of the downward move from the $2,083 swing high to $1,911 low.

Besides, there was a break above a major bearish trend line with resistance near $1,980 on the hourly chart of ETH/USD. Ether price is now trading above $2,000 and the 100 hourly simple moving average.

The price is now facing resistance near the $2,020 level. It is near the 61.8% Fib retracement level of the downward move from the $2,083 swing high to $1,911 low. The next major resistance is near the $2,040 level. The main resistance is now forming near the $2,085 level. A close above the $2,085 level could open the doors for a steady increase.

In the stated case, ether price could rally towards the $2,200 resistance. Any more gains may perhaps send it towards the key $2,250 resistance zone.

If ethereum fails to recover above the $2,400 resistance, it could start a fresh decline. An initial support on the downside is near the $1,995 zone and the 100 hourly SMA.

The next major support is near the $1,970 level. A downside break below the $1,970 level might call for another test of the main $1,920 support. Any more losses may perhaps clear the path for a sharp decline to $1,800.

Technical Indicators

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

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

Major Support Level – $1,970

Major Resistance Level – $2,085

Bitcoin remained strong above the $28,500 support against the US Dollar. BTC is rising, but it must clear $28,500 to move into a positive zone.

• Bitcoin started a fresh increase after it tested the $28,500 support zone.
• The price is now trading above the $29,500 level and the 100 hourly simple moving average.
• There was break above a major bearish trend line with resistance near $29,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could continue to move higher towards the key $30,600 resistance zone.

Bitcoin price extended decline below the $29,500 support zone. However, the bulls were active near the main $28,500 support zone.

A fresh base was formed near $28,600 and the price started a fresh increase. There was a clear move above the $29,200 and $29,500 resistance levels. The price surpassed the 50% Fib retracement level of the downward move from the $30,630 swing high to $28,635 low.

Besides, there was break above a major bearish trend line with resistance near $29,800 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above the $29,500 level and the 100 hourly simple moving average.

An immediate resistance on the upside is near the $30,160 level. It is near the 76.4% Fib retracement level of the downward move from the $30,630 swing high to $28,635 low. The next major resistance is near the $30,600 level. A clear move above the $30,600 resistance level might start a steady increase. In the stated case, the price may perhaps clear the $31,200 resistance zone.

If bitcoin fails to clear the $30,600 resistance zone, it could start another decline. An immediate support on the downside is near the $29,600 level.

The first major support is near the $29,500 level and the 100 hourly simple moving average. A downside break below the $29,500 support might send the price further lower. The main support is still near the $28,500 level, where the bulls are likely to take a strong stand.

Technical indicators:

Hourly MACD – The MACD is now gaining 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 – $29,500, followed by $28,500.

Major Resistance Levels – $30,150, $30,500 and $30,600.

• Ethereum price started a fresh decline from the $2,500 zone against the US Dollar.
• ETH price is now trading below $2,200 and the 55 simple moving average (4-hours).
• There is a key bearish trend line forming with resistance near $2,100 on the 4-hours chart (data feed from Coinbase).
• The pair remains at a risk of more downsides towards the $1,650 support level.

Ethereum price is struggling below $2,200 against the US Dollar. ETH/USD remains at a risk of more downsides if it stays below the $2,200 resistance zone.

Ethereum Price Analysis

Recently, ethereum struggled to clear the $2,500 resistance against the US Dollar. ETH price started a fresh decline below the $2,350 level and moved into a bearish zone.

The pair settled below the $2,200 support and the 55 simple moving average (4-hours). Finally, it traded below the $2,000 level and tested the $1,700 zone. A low was formed near $1,701 and the price is now correcting losses. There was a move above the $1,850 and $2,000 resistance levels.

The price climbed above the 23.6% Fib retracement level of the downward move from the $2,970 swing high to $1,700 low. On the upside, the price is facing resistance near the $2,100 level and the 55 simple moving average (4-hours).

There is also a key bearish trend line forming with resistance near $2,100 on the 4-hours chart. The next major resistance is near the $2,160 or $2,200. The main resistance is now forming near the $2,335 level or the 50% Fib retracement level of the downward move from the $2,970 swing high to $1,700 low.

A clear move above the $2,335 level might start a steady increase. The next key resistance is near the $2,500 zone, above which the price might accelerate higher towards the $2,800 level.

On the downside, an initial support is near the $1,900 level. The next major support is now near the $1,850 level. A break below the $1,850 support could push the price to $1,720. Any more losses could lead the price towards $1,650 or even $1,500.

Ethereum Price

Looking at the chart, Ethereum price is clearly trading below the $2,200 zone and the 55 simple moving average (4-hours). Overall, ether price remains at a risk of more downsides towards the $1,650 support level.

Technical indicators

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

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

Key Support Levels – $1,900, followed by the $1,720 zone.

Key Resistance$ Levels – $2,100 and $2,200.

The post Ethereum Price Analysis: ETH Could Nosedive Below $2K appeared first on Live Bitcoin News.

• Ripple price started a fresh decline from the $0.6000 zone against the US dollar.
• The price is now trading below $0.50 and the 55 simple moving average (4-hours).
• There is a major bearish trend line forming with resistance near $0.4200 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).
• The pair could extend declines if there is a clear move below the $0.40 support zone.

Ripple price is struggling below $0.5000 against the US Dollar, similar to bitcoin. XRP price must clear $0.4550 to start a fresh recovery wave in the near term.

Ripple Price Analysis

After struggling to clear $0.6000, ripple price started a fresh decline against the US Dollar. The XRP/USD pair traded below the $0.5500 support level to enter a bearish zone.

The price even broke the $0.5000 support and the 55 simple moving average (4-hours). It even spiked below the $0.3500 level and traded as low as $0.3346. Recently, there was an upside correction above the $0.4000 resistance level.

However, the price failed to surpass $0.4500 and started another decline. There was a break below the 23.6% Fib retracement level of the upward move from the $0.3346 swing low to $0.4639 high.

An initial support on the downside is near the $0.4020 level. The next main support is near the $0.4000 zone. It is near the 50% Fib retracement level of the upward move from the $0.3346 swing low to $0.4639 high. Any more losses could lead the price towards the $0.3500 level in the near term, below which the price might even test $0.3200.

On the upside, the price is facing resistance near $0.4200 and the 55 simple moving average (4-hours). There is also a major bearish trend line forming with resistance near $0.4200 on the 4-hours chart of the XRP/USD pair.

A clear move above the $0.4200 and $0.4500 levels might send the price towards the $0.5000 level. Any more gains could lead the price towards the $0.5500 level.

Ripple Price

Looking at the chart, ripple price is now trading below $0.5000 and the 55 simple moving average (4-hours). Overall, the price could extend declines if there is a clear move below the $0.40 support zone.

Technical indicators

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

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

Key Support Levels – $0.4000, $0.3500 and $0.3200.

Key Resistance Levels – $0.4200 and $0.4500.

The post Ripple Price Analysis: Risk of More Losses Below $0.40 appeared first on Live Bitcoin News.

Ethereum failed to clear the $2,085 resistance and declined against the US Dollar. ETH must stay above $1,920 to start a fresh increase in the near term.

• Ethereum failed to clear the $2,085 and $2,100 resistance levels.
• The price is now trading below $2,000 and the 100 hourly simple moving average.
• There was a break below a key bullish trend line with support near $2,000 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could continue to move down towards the main $1,920 support zone.

Ethereum attempted to clear the $2,085 and $2,100 resistance levels. However, ETH failed to gain strength and formed a short-term top near the $2,085 level.

There was a bearish reaction below the $2,050 support level. Besides, there was a break below a key bullish trend line with support near $2,000 on the hourly chart of ETH/USD. There was a move below the 50% Fib retracement level of the upward move from the $1,920 swing low to $2,085 high.

Ether price is now trading below $2,000 and the 100 hourly simple moving average. It even tested the 76.4% Fib retracement level of the upward move from the $1,920 swing low to $2,085 high.

The price is now consolidating near the $1,980 level. The first major resistance is near the $2,000 level and the 100 hourly simple moving average. The main resistance is now forming near the $2,085 level. A close above the $2,085 level could open the doors for a decent increase.

In the stated case, ether price might rise towards the $2,150 resistance. Any more gains may perhaps send it towards the key $2,200 resistance zone.

If ethereum fails to recover above the $2,000 resistance, it could continue to move down. An initial support on the downside is near the $1,960 zone.

The next major support is near the $1,920 level. A close below the $1,920 level might restart downtrend. In the stated case, the price could dive towards the $1,900 level. The next major support might be near the $1,800 and $1,780 levels in the near term.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is now losing momentum in the bearish zone.

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

Major Support Level – $1,920

Major Resistance Level – $2,085

Bitcoin failed again to clear the $30,600 resistance zone against the US Dollar. BTC is declining, but the bulls might remain active near $28,500.

• Bitcoin failed to gain strength for a move above the $30,600 resistance zone.
• The price is now trading below the $30,000 level and the 100 hourly simple moving average.
• There was break below a major bullish trend line with support near $29,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could continue to move down towards the main $28,700 support zone.

Bitcoin price attempted a fresh increase from the $28,500 support zone. There was a clear move above $30,000 resistance zone and the 100 hourly simple moving average.

However, the bears were again active near the $30,600 resistance zone. A high was formed near $30,630 and the price started another decline. There was a sharp reaction below the $30,000 support zone and the 100 hourly simple moving average.

Bitcoin traded below the 50% Fib retracement level of the upward move from the $28,700 swing low to $30,630 high. Besides, there was break below a major bullish trend line with support near $29,800 on the hourly chart of the BTC/USD pair.

The price even spiked below the 76.4% Fib retracement level of the upward move from the $28,700 swing low to $30,630 high. It is now consolidating, with an immediate resistance near the $29,500 level.

The next major resistance is near the $29,650 level and the 100 hourly SMA. The first key resistance is near the $30,000 level. A clear move above the $30,000 resistance level might send the price towards the main $30,600 resistance zone.

If bitcoin fails to clear the $29,650 resistance zone, it could continue to move down. An immediate support on the downside is near the $29,000 level.

The first major support is near the $28,850 level. The main support sits near the $28,500 level. A clear move below the $28,500 support zone may perhaps start a major decline. In the stated case, the price could dive to $27,800.

Technical indicators:

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

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

Major Support Levels – $28,850, followed by $28,500.

Major Resistance Levels – $29,650, $30,000 and $30,600.

Bitcoin started a fresh increase from the $28,500 support zone against the US Dollar. BTC could rally if there is a clear move above the $30,600 resistance zone.

• Bitcoin formed a double bottom pattern near $28,500 and climbed higher.
• The price is now trading above the $30,000 level and the 100 hourly simple moving average.
• There is a key bullish trend line forming with support near $29,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could gain bullish momentum if there is a clear move above $30,600.

Bitcoin price remained well bid above the $28,500 support zone. It seems like there was a double bottom pattern formed above $28,500 before the price started a fresh increase.

There was a clear move above the $29,500 resistance zone and the 100 hourly simple moving average. The price even climbed above the $30,000 resistance zone. However, the bears are still active near the $30,600 resistance zone.

The price traded as high as $30,500 and is currently correcting lower. There was a move below the 23.6% Fib retracement level of the upward move from the $29,225 swing low to $30,500 high.

On the downside, there is a key bullish trend line forming with support near $29,800 on the hourly chart of the BTC/USD pair. It is now trading above the $30,000 level and the 100 hourly simple moving average. An immediate resistance is near the $30,450 level. The next major resistance is near the $30,600 level.

A clear move above the $30,450 and $30,600 resistance levels might start a strong rally in the near term. The next key resistance could be near the $31,500 level, above which the price might rise to $32,500.

If bitcoin fails to clear the $30,600 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $30,000 level. The first major support is near the $29,850 level and the trend line.

The trend line is near the 50% Fib retracement level of the upward move from the $29,225 swing low to $30,500 high. A clear move below the trend line might send the price towards the $28,500 support.

Technical indicators:

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

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

Major Support Levels – $29,850, followed by $29,600.

Major Resistance Levels – $30,600, $31,200 and $31,500.

Bitcoin started a fresh increase from the $28,500 support zone against the US Dollar. BTC must clear $30,600 to move further into a positive zone.

• Bitcoin formed a base above $28,500 and started a fresh increase.
• The price is now trading above the $30,000 level and the 100 hourly simple moving average.
• There is a major bearish trend line forming with resistance near $30,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could gain bullish momentum if there is a clear move above $30,600.

Bitcoin price found support near the $28,500 zone after a steady decline. A base was formed near $28,600 and started a fresh increase.

There was a clear move above the $29,500 resistance zone and the 100 hourly simple moving average. The bulls even pushed the price above the $30,000 resistance zone. However, they are now facing an uphill task near the $30,600 zone.

There is also a major bearish trend line forming with resistance near $30,400 on the hourly chart of the BTC/USD pair. A high is formed near $30,721 and the price is now consolidating gains.

The price is trading above the 23.6% Fib retracement level of the upward move from the $28,590 swing low to $30,721 high. An immediate resistance is near the $30,400 level. The next major resistance is near the $30,600 level.

A clear move above the $30,400 and $30,600 resistance levels might start a fresh increase in the near term. The next key resistance could be near the $31,500 level, above which the price might gain bullish momentum.

If bitcoin fails to gain pace above the $30,600 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $30,000 level. The first major support is near the $29,800 level and the 100 hourly SMA.

The next major support sits near the $29,655 level. It is near the 50% Fib retracement level of the upward move from the $28,590 swing low to $30,721 high. A downside break and close below the $29,650 support might start another decline. In the stated case, the price could drop towards the $28,500 level.

Technical indicators:

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

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

Major Support Levels – $29,800, followed by $29,650.

Major Resistance Levels – $30,600, $31,200 and $31,500.

Bitcoin extended decline and traded below $29,000 against the US Dollar. BTC must stay above the $28,500 level to avoid a sharp decline in the near term.

• Bitcoin started a fresh decline from the $30,500 resistance zone.
• The price is now trading below the $30,000 level and the 100 hourly simple moving average.
• There was a break below a connecting bullish trend line with support near $29,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could extend decline if there is a clear move below the $28,500 support zone.

Bitcoin price failed to clear the $30,500 resistance zone and started a fresh increase. There was a clear move below the $29,500 and $29,000 support levels.

Besides, there was a break below a connecting bullish trend line with support near $29,600 on the hourly chart of the BTC/USD pair. The pair is now trading below $30,000 and the 100 hourly simple moving average. It tested the $28,500 support zone.

A low is formed near $28,589 and the price is now consolidating losses. An immediate resistance is near the $29,100 level. It is near the 23.6% Fib retracement level of the recent decline from the $30,742 swing high to $28,589 low.

The next major resistance is near the $29,650 level. It is near the 50 Fib retracement level of the recent decline from the $30,742 swing high to $28,589 low. A clear move above the $29,500 and $29,650 resistance levels might start a fresh increase in the near term. The next key resistance could be near the $30,500 level, above which the price might rise towards $31,200.

If bitcoin fails to gain pace above the $29,650 resistance zone, it could continue to move down. An immediate support on the downside is near the $28,800 level.

The next major support is near the $28,500 level. A downside break and close below the $28,500 support might start a major decline. In the stated case, the price could drop towards the $27,500 level.

Technical indicators:

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

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

Major Support Levels – $28,800, followed by $28,500.

Major Resistance Levels – $29,650, $30,000 and $30,500.

Bitcoin is stable above the $29,600 support against the US Dollar. BTC must clear the $31,350 resistance to start a decent increase.

• Bitcoin is struggling to gain momentum above $30,500 and $30,600.
• The price is now trading near the $30,000 level and the 100 hourly simple moving average.
• There is a key bullish trend line forming with support near $29,650 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could gain bullish momentum if there is a close above the $31,350 resistance.

Bitcoin price found support near the $29,000 zone and started a fresh increase. There was a clear move above the $29,500 resistance zone and the 100 hourly simple moving average.

The price climbed above the $30,000 resistance zone. There was a move above the 50% Fib retracement level of the last main decline from the $31,390 swing high to $29,060 low. However, the bulls struggled to stay in action above the $30,500 zone.

It faced resistance near the $30,600 level and the 61.8% Fib retracement level of the last main decline from the $31,390 swing high to $29,060 low.

Bitcoin is now trading near the $30,000 level and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $29,650 on the hourly chart of the BTC/USD pair. An immediate resistance is near the $30,600 level.

The next major resistance is near the $31,350 level. A clear move above the $31,300 and $31,350 resistance levels might start a fresh increase in the near term. The next key resistance could be near the $32,000 level, above which the price might rise towards $33,200.

If bitcoin fails to gain pace above the $30,600 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $29,650 level.

The next major support is near the $29,150 level. A downside break and close below the $29,150 support might put pressure on the bulls. In the stated case, the price could decline towards the $28,000 level.

Technical indicators:

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

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

Major Support Levels – $29,650, followed by $29,150.

Major Resistance Levels – $30,600, $31,350 and $32,000.

Bitcoin corrected lower and tested the $29,000 support against the US Dollar. BTC must settle above the $30,500 resistance to start a decent increase.

• Bitcoin failed to gain pace above $31,000 and corrected lower below $30,000.
• The price is now trading above the $30,000 level and the 100 hourly simple moving average.
• There was a break above a connecting bearish trend line with resistance near $29,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could gain bullish momentum if there is a close above the $30,500 resistance.

Bitcoin price started a downside correction from the $31,500 zone. BTC traded below the $30,000 support zone and the 100 hourly simple moving average.

There was a move below the $29,500 level, but the bulls were active near the $29,000 zone. A low is formed near $29,060 and the price is now recovering losses. There was a clear move above the $29,500 level. The price cleared the 23.6% Fib retracement level of the recent decline from the $31,390 swing high to $29,060 low.

Bitcoin is now trading above the $30,000 level and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $29,600 on the hourly chart of the BTC/USD pair.

An immediate resistance is near the $30,300 level. It is near the 50% Fib retracement level of the recent decline from the $31,390 swing high to $29,060 low. A successful close above the $30,300 level could open the doors for a decent increase.

The next major resistance is near the $31,400 level. A clear move above the $30,300 and $31,400 resistance levels might start a fresh increase in the coming sessions. The next key resistance could be near the $32,500 level, above which the price might rise towards $34,000.

If bitcoin fails to gain pace above the $31,400 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $29,600 level.

The first major support is near the $29,000 level. A downside break and close below the $29,000 support might start a major decline. In the stated case, the price could decline towards the $89,000 level.

Technical indicators:

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

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

Major Support Levels – $29,600, followed by $29,000.

Major Resistance Levels – $30,500, $31,400 and $32,500.

Bitcoin attempted a recovery wave above the $30,000 resistance against the US Dollar. BTC is struggling near $31,000 and might start a fresh decline.

• Bitcoin recovered above the $30,000 level but struggled above $31,000.
• The price is now well above the $30,000 level and the 100 hourly simple moving average.
• There is a key bullish trend line forming with support near $30,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start a fresh decline if it clears the $30,000 support zone

Bitcoin price started a decent recovery wave from the $25,000 support zone. BTC gained pace for a move above the $28,000 level and the 100 hourly simple moving average.

It even cleared the $30,000 resistance zone. However, the bulls struggled to stay in action above the $31,000 level. A high is formed near $31,390 and the price is now slowing moving lower. There was a move below the $31,000 level.

Bitcoin moved below the 23.6% Fib retracement level of the upward move from the $28,600 swing low to $31,390 high. The price is now approaching the $30,400 support.

There is also a key bullish trend line forming with support near $30,400 on the hourly chart of the BTC/USD pair. The next major support is near the $30,000 zone. It is near the 50% Fib retracement level of the upward move from the $28,600 swing low to $31,390 high.

A downside break and close below the $30,000 support might start a major decline. In the stated case, the price could decline towards the $29,000 level. The next major support is near $28,000 level, below which the price might start a fresh bearish wave.

If bitcoin stays above the $30,000 support zone, it could start a fresh increase. An immediate resistance on the upside is near the $31,000 level.

The next major resistance is near the $31,400 level. A clear move above the $31,000 and $31,400 resistance levels might start a fresh increase in the coming sessions. The next key resistance could be near the $32,500 level, above which the price might rise above $33,000.

Technical indicators:

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

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is no near the 50 level.

Major Support Levels – $30,400, followed by $30,000.

Major Resistance Levels – $31,000, $31,400 and $32,500.

• Bitcoin cash price started a fresh decline from the $250 resistance against the US Dollar.
• The price is now trading below the $225 zone and the 55 simple moving average (4-hours).
• There is a major bearish trend line forming with resistance near $225 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).
• The pair might start a major increase if there is a clear move above the $225 resistance.

Bitcoin cash price is struggling below $225 against the US Dollar, similar to bitcoin. BCH/USD could start a fresh decline if it stays below $225.

Bitcoin Cash Price Analysis

Bitcoin cash price made a few attempts to gain strength above $250 and $255. However, BCH failed to gain pace and started a fresh decline below the $225 level.

There was a move below the $200 level and the 55 simple moving average (4-hours). The price even traded below the $180 support and formed a low near $150. It is now correcting losses above the $160 level. There was a move above the 50% Fib retracement level of the recent decline from the $250 swing high to $150 low.

On the upside, the price is now facing resistance near the $225 level. There is also a major bearish trend line forming with resistance near $225 on the 4-hours chart of the BCH/USD pair.

The trend line is near the 76.4% Fib retracement level of the recent decline from the $250 swing high to $150 low. The next major resistance is near the $250 level or the 55 simple moving average (4-hours). A clear break above $250 and $255 might send the price towards the $300 barrier.

Any more gains above $300 could set the pace for a larger increase. The next major hurdle is near the $320 level. An immediate support on the downside is near the $200 zone.

The next major support is near the $180 level, below which the bears might gain strength. The next target for them may perhaps be near the $150 level.

Bitcoin Cash Price

Looking at the chart, bitcoin cash price is now trading below the $225 zone and the 55 simple moving average (4-hours). Overall, the price might start a major increase if there is a clear move above the $225 resistance.

Technical indicators

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

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

Key Support Levels – $200 and $180.

Key Resistance Levels – $225 and $250.

The post Bitcoin Cash Analysis: Recovery Faces Hurdle Near $225 appeared first on Live Bitcoin News.

Ethereum found support near $1,700 against the US Dollar. ETH started a recovery wave and climbed above the key $2,000 resistance zone.

• Ethereum started a decent recovery wave above the $1,900 and $2,000 levels.
• The price is still trading below $2,150 and the 100 hourly simple moving average.
• There was a break above a major bearish trend line with resistance near $2,000 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could accelerate higher if it clears $2,150 and $2,200 in the near term.

Ethereum extended losses below the key $2,000 support zone. ETH even broke the $1,800 level before the bulls took a stand near the $1,700 level.

A low was formed near $1,700 and the price started a fresh increase. There was a clear move above the $1,800 and $1,900 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $2,000 on the hourly chart of ETH/USD.

Ether price is now trading just above the 50% Fib retracement level of the key decline from the $2,450 swing high to $1,700 low. However, it is still trading below $2,150 and the 100 hourly simple moving average.

The first major resistance is near the $2,150 level. The main resistance is now forming near the $2,200 level. It is close to the 61.8% Fib retracement level of the key decline from the $2,450 swing high to $1,700 low. A close above the $2,200 level could open the doors for a decent increase.

In the stated case, ether price might rise towards the $2,400 resistance. An intermediate resistance may perhaps be near the $2,350 level.

If ethereum fails to recover above the $2,200 resistance, it could start a fresh decline. An initial support on the downside is near the $2,000 zone.

The next major support is near the $1,870 level. A close below the $1,870 level might restart downtrend. In the stated case, the price could dive towards the $1,700 level. The next major support might be near the $1,620 and $1,600 levels in the near term.

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 above the 50 level.

Major Support Level – $1,870

Major Resistance Level – $2,200

Bitcoin dived towards the $25,000 support zone against the US Dollar. BTC is now recovering and might eye an upside break above the key $30,000 resistance zone.

• Bitcoin found support above $25,000 and started an upside correction.
• The price is still trading below $30,000 and the 100 hourly simple moving average.
• There is a major bearish trend line forming with resistance near $30,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair must clear the $30,000 barrier to move into a positive zone and started a real recovery.

Bitcoin price remained in a bearish zone below the $30,000 support zone. BTC extended its decline and traded below the $28,000 level.

There was a spike below the $26,000 level and the price traded to a new multi-month low at $25,332. A base was formed above $25,000 and the price started a fresh upward move. There was a clear move above the $26,500 and $27,500 resistance levels.

The price climbed above the 50% Fib retracement level of the recent decline from the $32,130 swing high to $25,332 low. However, it is still trading below $30,000 and the 100 hourly simple moving average.

There is also a major bearish trend line forming with resistance near $30,000 on the hourly chart of the BTC/USD pair. The next major resistance is near the $30,500 zone and the 100 hourly simple moving average. It is near the 76.4% Fib retracement level of the recent decline from the $32,130 swing high to $25,332 low.

A clear move above the $30,000 and $30,500 resistance levels might start a fresh increase in the coming sessions. The next key resistance could be near the $31,500 level, above which the price might rise above $32,000.

If bitcoin fails to clear the $30,000 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $28,800 level.

The next major support is seen near the $27,650 level. A downside break and close below the $27,650 support might accelerate losses. The next major support could be $26,200, below which the bears might aim a move towards the $25,500 support zone.

Technical indicators:

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

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

Major Support Levels – $28,200, followed by $27,650.

Major Resistance Levels – $30,000, $30,500 and $31,500.

• EOS price started a fresh decline from the $1.80 resistance against the US Dollar.
• The price is now trading below $1.5 and the 55 simple moving average (4-hours).
• There is a major bearish trend line forming with resistance near $1.60 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
• The pair could extend its decline below the $1.20 support zone in the near term.

EOS price is gaining pace below $1.40 against the US Dollar, similar to bitcoin. The price must stay above the $1.20 support zone to avoid more losses.

EOS Price Analysis

This week, EOS price extended decline below the $1.80 support against the US Dollar. The price declined below the $1.75 support level to move further into a bearish zone.

There was a clear move below the $1.50 level and the 55 simple moving average (4-hours). Finally, the price broke the $1.25 level and traded as low as $1.230. It is now consolidating and showing a lot of bearish signs below the $1.30 level.

On the downside, an immediate support is near the $1.20 level. The next key support is near the $1.12 level. If there is a downside break below the $1.12 support, the price could continue to move down towards the $1.00 level in the near term.

If there is an upside correction, the price might face resistance near the $1.38 level. It is near the 23.6% Fib retracement level of the recent decline from the $1.820 swing high to $1.230 low.

The first major resistance is near the $1.50 level. There is also a major bearish trend line forming with resistance near $1.60 on the 4-hours chart of the EOS/USD pair. The trend line is near the 50% Fib retracement level of the recent decline from the $1.820 swing high to $1.230 low.

To start a fresh increase, the price must clear $1.50 and $1.60. In the stated case, the price could rise towards $1.80. The next key resistance could be $1.88.

EOS Price

Looking at the chart, EOS price is now trading below the $1.50 level and the 55 simple moving average (4-hours). Overall, the price could extend its decline below the $1.20 support zone in the near term.

Technical indicators

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

4-hours RSI (Relative Strength Index) – The RSI is now in the oversold region.

Major Support Levels – $1.20 and $1.12.

Major Resistance Levels – $1.50 and $1.60.

The post EOS Price Analysis: More Losses Possible Below $1.20 appeared first on Live Bitcoin News.

• Litecoin started a fresh decline from the $85 resistance against the US Dollar.
• LTC price is now trading below $75 and the 55 simple moving average (4-hours).
• There is a key bearish trend line forming with resistance near $66 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).
• The pair could accelerate lower towards the $52 and $50 support levels in the near term.

Litecoin price is gaining pace below $70 against the US Dollar, similar to bitcoin. LTC price could continue to move down towards the $50 support.

Litecoin Price Analysis

This week, there was a major decline in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC attempted an upside break above the $85 resistance.

The price struggled to gain pace above $85 and started a fresh decline. There was a sharp move below the $80 and $75 support levels. The bears were able to push the price below the $70 support and the 55 simple moving average (4-hours).

It even traded below $60 and is showing a lot of bearish signs. On the downside, an immediate support is near the $58 level. The next key support is near the $55 level. If there is a downside break below the $55 support, the price could continue to move down towards the $50 level in the near term.

On the upside, the price might face resistance near the $65 and $66 levels. It is near the 23.6% Fib retracement level of the recent decline from the $85 swing high to $59 low.

The first major resistance is near the $67 level. There is also a key bearish trend line forming with resistance near $66 on the 4-hours chart of the LTC/USD pair. The next key resistance is near the $72 level or the 50% Fib retracement level of the recent decline from the $85 swing high to $59 low. To start a fresh increase, the price must clear $72 and $75.

Litecoin (LTC) Price

Looking at the chart, litecoin price is clearly trading below $70 and the 55 simple moving average (4-hours). Overall, the price could accelerate lower towards the $52 and $50 support levels in the near term.

Technical indicators

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

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

Key Support Levels – $55 and $50

Key Resistance Levels – $65 and $72.

The post Litecoin (LTC) Price Analysis: Bears Aim Test of $50 appeared first on Live Bitcoin News.

Ethereum gained bearish momentum below $2,000 against the US Dollar. ETH even traded below $2,000 and remains at a risk of more losses.

• Ethereum started a fresh decline below $2,100 and $2,000.
• The price is now trading below $2,100 and the 100 hourly simple moving average.
• There was a break below a key bullish trend line with support near $2,250 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could continue to move down if there is a close below the $2,000 support.

Ethereum failed to extend the recovery wave above the $2,400 level. ETH started another decline and traded below the $2,320 support zone.

There was a break below a key bullish trend line with support near $2,250 on the hourly chart of ETH/USD. The pair tumbled below the $2,200 and $2,100 levels. Ether price even broke the $2,000 support zone and settled below the 100 hourly simple moving average.

It traded towards $1,950 and is currently showing signs of more losses. If there is a recovery wave, the price might face resistance near the $2,050 level.

The 23.6% Fib retracement level of the recent decline from the $2,451 swing high to $1,939 low is also near $2,060. The first major resistance is near the $2,150 level. The main resistance is now forming near the $2,220 level.

The 50% Fib retracement level of the recent decline from the $2,451 swing high to $1,939 low is also near $2,200. A close above the $2,200 level could open the doors for a decent increase. In the stated case, ether price might rise towards the $2,350 resistance.

If ethereum fails to recover above the $2,200 resistance, it could continue to move down. An initial support on the downside is near the $1,940 zone.

The next major support is near the $1,880 level. A daily close below the $2,000 level might spark more losses below $1,880. In the stated case, the price could dive towards the $1,700 level. The next major support might be near the $1,550 and $1,500 levels in the near term.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is well below the 40 level.

Major Support Level – $1,880

Major Resistance Level – $2,200

Bitcoin failed to recover above $32,000 against the US Dollar. BTC is gaining bearish momentum and trading below the key $30,000 support zone.

• Bitcoin started a fresh decline and traded below the key $30,000 support zone.
• The price is now trading below $30,000 and the 100 hourly simple moving average.
• There is a key bearish trend line forming with resistance near $31,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might accelerate lower below the $27,500 and $27,000 levels in the near term.

Bitcoin price attempted a recovery wave above the $32,000 level. However, BTC struggled to continue higher and started a fresh decline below $31,000.

There was a clear move below the key $30,000 support zone and the price settled below the 100 hourly simple moving average. The decline gained pace below the $29,500 level. Finally, there was a move below the $28,000 level and the price traded to a new multi-week low at $27,700.

Recently, there was a minor upside correction above $29,000. Bitcoin recovered above the 23.6% Fib retracement level of the recent decline from the $32,132 swing high to $27,700 low.

However, the bears were active near the $30,000 resistance zone. The price remained below the 50% Fib retracement level of the recent decline from the $32,132 swing high to $27,700 low. There is also a key bearish trend line forming with resistance near $31,000 on the hourly chart of the BTC/USD pair.

The next key resistance could be near the $31,500 level. The key breakout zone is still near the $32,000 zone, above which the price might start a steady recovery wave in the near term.

If bitcoin fails to clear the $30,000 resistance zone, it could continue to move down. An immediate support on the downside is near the $28,200 level.

The next major support is seen near the $27,700 level. A downside break and close below the $27,700 support might accelerate losses. The next major support could be $27,200, below which the bears might aim a move towards the $26,500 support zone.

Technical indicators:

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

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

Major Support Levels – $28,200, followed by $27,700.

Major Resistance Levels – $29,500, $30,000 and $31,400.

• Solana price extended decline below the $80 support against the US Dollar.
• The price is now trading below $80 and the 55 simple moving average (4-hours).
• There is a major bearish trend line forming with resistance near $67.50 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase).
• The pair must clear $68 and $74 to start a fresh recovery wave in the near term.

Solano price is struggling below $80 against the US Dollar, similar to bitcoin. SOL could decline sharply if there is a clear move below the $60 support.

Solana (SOL) Price Analysis

SOL price attempted an upside break above the $80 and $82 levels, but failed. As a result, it started a fresh decline below the $80 and $75 support levels.

The pair settled below the $70 support zone and the 55 simple moving average (4-hours). It even spiked below the $65 level and traded as low as $60.06. It is now consolidating losses and trading above $62. There was a break above the 23.6% Fib retracement level of the downward move from the $95 swing high to $60 low.

On the upside, an immediate resistance is near the $67.50 level. There is also a major bearish trend line forming with resistance near $67.50 on the 4-hours chart of the SOL/USD pair.

The next major resistance is near the $74 level, above which it could rise towards the 50% Fib retracement level of the downward move from the $95 swing high to $60 low. Any more gains might send sol price towards the $80 resistance and the 55 simple moving average (4-hours).

On the downside, there is a key support near $63. The next key support is near the $60 level. A downside break below the $60 support level might spark a sharp decline. In the stated case, the price may perhaps decline towards the $50 level.

Solana (SOL) Price

Looking at the chart, solana price is clearly trading below $80.00 and the 55 simple moving average (4-hours). Overall, the price must clear $68 and $74 to start a fresh recovery wave in the near term.

Technical Indicators

4 hours MACD – The MACD is now gaining momentum in the bearish zone.

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

Key Support Levels – $63.00 and $60.00.

Key Resistance Levels – $67.50, $74.00 and $80.00.

The post Solana (SOL) Price Analysis: Bears Aim Move Below $60 appeared first on Live Bitcoin News.

• Bitcoin price extended decline below the $35,000 zone against the US Dollar.
• The price is now trading below $32,000 and the 55 simple moving average (4-hours).
• There is a key contracting triangle forming with resistance near $31,300 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).
• The pair could start a steady increase if there is a move above the $32,000 level.

Bitcoin price is struggling below $32,000 against the US Dollar. BTC might extend losses if it stays below the $32,000 and $34,000 resistance levels.

Bitcoin Price Analysis

Bitcoin price failed to clear the $38,000 resistance zone. As a result, BTC started a fresh decline and traded below the key $35,000 support zone.

There was a clear move below the $34,000 level and the 55 simple moving average (4-hours). The price even traded below the $32,000 level. A low is formed near $29,735 and the price is now consolidating losses. There was a move above the $31,000 resistance zone.

The price even tested the 23.6% Fib retracement level of the downward move from the $40,040 swing high to $29,735 low. An immediate resistance on the upside is near the $31,300 level.

There is also a key contracting triangle forming with resistance near $31,300 on the 4-hours chart of the BTC/USD pair. The next major resistance on the upside is near the $32,000 level. To start another increase, the price must settle above the $32,000 level in the near term.

In the stated case, bitcoin could rise towards the $34,000 resistance or even the 50% Fib retracement level of the downward move from the $40,040 swing high to $29,735 low.

If there is no upside break, the price might start a fresh decline below $30,400. The next key support is near the $30,000 level. Any more losses might call for a test of the $28,500 support zone, where the bulls might take a stand in the near term.

Bitcoin Price

Looking at the chart, bitcoin price is clearly trading below $32,000 and the 55 simple moving average (4-hours). Overall, the price could start a steady increase if there is a move above the $32,000 level.

Technical Indicators

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

4 hours RSI (Relative Strength Index) – The RSI is now below the 40 level.

Key Support Levels – $30,400 and $30,000.

Key Resistance Levels – $31,300, $32,000 and $34,000.

The post Bitcoin Price Analysis: BTC Remains At Risk Below $32K appeared first on Live Bitcoin News.

Ethereum started an upside correction from $2,200 against the US Dollar. ETH might gain bullish momentum if it clears the $2,400 resistance zone.

• Ethereum started an upside correction above $2,300 and $2,320.
• The price is still trading below $2,400 and the 100 hourly simple moving average.
• There is a key bearish trend line forming with resistance near $2,385 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a steady recovery wave if there is a close above $2,400 and $2,450.

Ethereum extended its decline below the $2,400 level. ETH even traded below the $2,300 before the bulls appeared near the $2,200 support zone.

The price started a recovery wave above the $2,300 and $2,320 levels. The bulls pumped the price above $2,400, but they failed near $2,450. Recently, there was a fresh decline to $2,250. A low is formed near $2,263 and the price is now rising.

There was a break above the $2,320 level. Ether price is trading above the 50% Fib retracement level of the recent decline from the $2,455 swing high to $2,263 low.

However, it is still trading below $2,400 and the 100 hourly simple moving average. On the upside, an initial resistance is seen near the $2,385 level. There is also a key bearish trend line forming with resistance near $2,385 on the hourly chart of ETH/USD.

The first major resistance is near the $2,400 level. The main resistance is now forming near the $2,455 level. A close above the $2,455 level could open the doors for a decent increase. In the stated case, ether price might rise towards the $2,550 resistance.

If ethereum fails to recover above the $2,455 resistance, it could continue to move down. An initial support on the downside is near the $2,300 zone.

The next major support is near the $2,260 level. The main breakdown support now sits near the $2,225 level. If there is a downside break below $2,225 and the $2,200 zone, ether price extend losses. In the stated case, it might even visit the $2,000 support.

Technical Indicators

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

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

Major Support Level – $2,260

Major Resistance Level – $2,455

Bitcoin attempted a recovery wave above $32,000 against the US Dollar. BTC is struggling and remains at a risk of more losses below $30,000.

• Bitcoin started a short-term recovery wave after it tested the $30,000 zone.
• The price is now trading below $31,500 and the 100 hourly simple moving average.
• There is a major bearish trend line forming with resistance near $31,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might resume decline if it stays below the $32,400 resistance zone.

Bitcoin price extended downsides below the $32,000 level. BTC even tested the $30,000 support zone and traded as low as $29,755.

Recently, there was an upside correction above the $31,000 level. The price was able to climb above the 23.6% Fib retracement level of the key drop from the $36,059 swing high to $29,755 low. The bulls were able to push the price above the $32,000 resistance.

However, they faced a strong resistance near the $32,650 zone. Bitcoin remained below the 50% Fib retracement level of the key drop from the $36,059 swing high to $29,755 low.

The price is now trading below $31,500 and the 100 hourly simple moving average. There is also a major bearish trend line forming with resistance near $31,400 on the hourly chart of the BTC/USD pair. On the upside, bitcoin price is facing resistance near the $31,250 level.

The next key resistance could be near the $31,400 level. The key breakout zone could be near the $32,650 zone. A clear move above the $32,400 and $32,650 levels might start a steady increase in the near term.

If bitcoin fails to clear the $32,400 resistance zone, it could continue to move down. An immediate support on the downside is near the $30,500 level.

The next major support is seen near the $30,000 level. A downside break and close below the $30,000 support might start another decline. The next major support could be $29,500, below which the bears might aim a move towards the $28,800 support zone.

Technical indicators:

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

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

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

Major Resistance Levels – $31,250, $32,400 and $32,650.

• ADA price started a steady decline from the $0.80 resistance against the US Dollar.
• The price is now trading below $0.70 and the 55 simple moving average (4-hours).
• There is a major bearish trend line forming with resistance near $0.655 on the 4-hours chart (data feed via Bitfinex).
• The price could continue to move down if it fails to recover above the $0.655 resistance zone.

Cardano price is declining below $0.70 against the US Dollar, similar to bitcoin. ADA price could start a steady increase if it clears $0.655 and $0.70.

Cardano Price Analysis

This week, cardano price saw a fresh decline from the $0.80 resistance zone against the US Dollar. The ADA/USD pair traded below the $0.75 and $0.65 support levels to move into a bearish zone.

The price settled below $0.65 and the 55 simple moving average (4-hours). It even spiked below the $0.600 level and traded as low as 0.5849. The price is now correcting losses and trading above the $0.600 level. On the upside, an immediate resistance is near the $0.640 level.

The first major resistance is near the $0.650 level. There is also a major bearish trend line forming with resistance near $0.655 on the 4-hours chart. The trend line is near the 23.6% Fib retracement level of the recent decline from the $0.905 swing high to $0.584 low.

A clear upside break above the $0.655 level might send the price towards the $0.70 resistance. The next key resistance might be near the $0.7450 level. It is near the 50% Fib retracement level of the recent decline from the $0.905 swing high to $0.584 low.

Any more gains could start a steady increase towards the $0.80 level in the near term. On the downside, an immediate support is near the $0.600 level.

The next major support is near the $0.580 level. If there are additional losses, the price may perhaps decline towards the $0.550 support level. A break below $0.550 could push the price towards the $0.500 level.

Cardano (ADA) Price

The chart indicates that ADA price is now trading below $0.70 and the 55 simple moving average (4-hours). Overall, the price could continue to move down if it fails to recover above the $0.655 resistance zone.

Technical Indicators

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

4 hours RSI – The RSI for ADA/USD is now below the 40 level.

Key Support Levels – $0.600 and $0.580.

Key Resistance Levels – $0.655 and $0.700.

The post Cardano (ADA) Price Analysis: Downtrend Intact Below $0.8 appeared first on Live Bitcoin News.