Cardano (ADA) Price Analysis: Bulls Facing Uphill Task

  • ADA price is struggling to clear the $2.18 and $2.20 resistance levels against the US Dollar.
  • The price is now trading below $2.20 and the 55 simple moving average (4-hours).
  • There is a major bearish trend line forming with resistance near $2.21 on the 4-hours chart (data feed via Bitfinex).
  • The price might start a fresh increase unless there is a break below $2.05.

Cardano price is struggling below the $2.20 resistance against the US Dollar, unlike bitcoin. ADA price must clear $2.24 to start a fresh increase.

Cardano Price Analysis

After a close above $2.20, cardano price attempted a break above the $2.24 resistance zone against the US Dollar. The ADA/USD pair failed to gain momentum and started a fresh decline below $2.20.

There was a break below the $2.15 level and the 55 simple moving average (4-hours). The price even traded below the $2.10 level. A low is formed near $2.09 and it is now consolidating losses.

An initial resistance on the upside is near the $2.17 level. It is near the 50% Fib retracement level of the recent decline from the $2.25 swing high to $2.09 low. The first key resistance is near the $2.20 level. There is also a major bearish trend line forming with resistance near $2.21 on the 4-hours chart.

The trend line is close to the 76.4% Fib retracement level of the recent decline from the $2.25 swing high to $2.09 low. A clear break above the trend line might open the doors for a fresh move towards $2.24.

If there is an upside break above the $2.24 zone, the price could rally above $2.32. The next major resistance could be near the $2.50 level. On the downside, an immediate support is near the $2.09 level. The first major support is near $2.05. Any more losses might lead the price towards the $2.00 level, below which the bears could gain strength in the near term.

Cardano Price

Cardano Price

The chart indicates that ADA price is now trading below $2.15 and the 55 simple moving average (4-hours). Overall, the price might start a fresh increase unless there is a break below $2.05.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is moving in the bearish zone.

4 hours RSI – The RSI for ADA/USD is correcting higher towards the 50 level.

Key Support Levels – $2.07 and $2.05.

Key Resistance Levels – $2.20 and $2.24.

The post Cardano (ADA) Price Analysis: Bulls Facing Uphill Task appeared first on Live Bitcoin News.

Ethereum Price Analysis: ETH Remains In Uptrend Above $3,700

  • Ethereum price started a fresh increase above $3,500 against the US Dollar.
  • ETH price is now trading above $3,500 and the 55 simple moving average (4-hours).
  • There is a key contracting triangle forming with resistance near $3,800 on the 4-hours chart (data feed from Coinbase).
  • The pair could start a fresh rally if it clears the $3,800 resistance zone.

Ethereum price is showing positive signs above $3,500 against the US Dollar. ETH/USD could gain pace above the $3,800 and $3,850 levels in the near term.

Ethereum Price Analysis

After forming a base above $3,400, ethereum started a fresh increase against the US Dollar. ETH price gained pace above the $3,500 level and the 55 simple moving average (4-hours).

The price climbed above the $3,700 and $3,800 resistance levels. It even traded above the $3,900 level and formed a high near the $3,968. The price is now correcting gains and trading below $3,800. It declined below the 23.6% Fib retracement level of the upward move from the $3,373 swing low to $3,968 high.

An immediate support on the downside is near the $3,700 level. The first major support is now near the $3,650 level. It is near the 50% Fib retracement level of the upward move from the $3,373 swing low to $3,968 high.

The next major support is near the $3,600 level. If there is a downside break below the $3,65s0 and $3,600 support levels, the price could retest $3,300. Any more losses could lead the price towards $3,200.

An immediate resistance is near the $3,800 level. There is also a key contracting triangle forming with resistance near $3,800 on the 4-hours chart. The main resistance is now forming near the $3,950 level. A close above the $3,950 level could open the doors for another increase. The next major resistance for the bulls might be near the $4,200 level.

Ethereum Price

Ethereum Price

Looking at the chart, Ethereum price is clearly trading above the $3,500 zone and the 55 simple moving average (4-hours). Overall, ether price could start a fresh rally if it clears the $3,800 resistance zone.

Technical indicators

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

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

Key Support Levels – $3,700, followed by the $3,650 zone.

Key Resistance$ Levels – $3,800 and $3,950.

The post Ethereum Price Analysis: ETH Remains In Uptrend Above $3,700 appeared first on Live Bitcoin News.

TA: Ethereum Breaking This Barrier Could Spark a Significant Surge

Ethereum remained supported above the $3,650 zone against the US Dollar. ETH must clear the $3,850 and $3,900 resistance levels to continue higher in the near term.

  • Ethereum started a fresh increase above the $3,700 and $3,750 resistance levels.
  • The price is now trading above $3,800 and the 100 hourly simple moving average.
  • There is a major contracting triangle forming with resistance near $3,840 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start a fresh rally if it clears the key $3,920 resistance zone.
Ethereum Price Remains Supported

Ethereum started a downside correction after it failed to stay above the $3,900 zone. ETH declined below the $3,800 support zone and the 100 hourly simple moving average.

The price even spiked below the $3,750 support zone. A low was formed near $3,678 and the price is now rising. It broke the $3,780 resistance zone. There was a break above the 50% Fib retracement level of the recent drop from the $3,893 swing high to $3,678 low.

Ether is now trading above $3,800 and the 100 hourly simple moving average. The price is now testing the 61.8% Fib retracement level of the recent drop from the $3,893 swing high to $3,678 low. There is also a major contracting triangle forming with resistance near $3,840 on the hourly chart of ETH/USD.

Source: ETHUSD on TradingView.com

An immediate resistance on the upside is near the $3,840 level. The next major resistance is near the $3,920 level, above which the price might start a fresh rally. In the stated case, the price could attempt a clear break above the $4,000 resistance zone. The next major support sits near the $4,120 level.

Dips Limited in ETH?

If ethereum fails to continue higher above the $3,840 and $3,920 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,780 level and the 100 hourly SMA.

The first key support is now forming near the $3,720 level and the triangle lower trend line. If there is a downside break below the $3,720 support, the price could decline further. The next key support is near $3,650.

Technical Indicators

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

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

Major Support Level – $3,720

Major Resistance Level – $3,920

TA: Bitcoin Consolidates Gain: What Could Trigger Fresh Rally

Bitcoin is showing positive signs above the $61,200 support against the US Dollar. BTC could start a fresh rally if it clears the $62,200 resistance zone.

  • Bitcoin is trading in a positive zone above the $60,000 and $61,200 levels.
  • The price is now trading above $61,200 and the 100 hourly simple moving average.
  • There is a major bullish trend line forming with support near $61,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start a fresh rally and it might rise towards the $63,500 level in the near term.
Bitcoin Price Remains Supported

Bitcoin price remained strong above the $60,000 zone and traded in a positive zone. BTC jumped above the $62,000 level before starting a downside correction.

A high was formed near the $62,885 before there was a minor decline. The price declined below the $62,000 and $61,200 levels. However, the price remained supported near the $59,200 level and the 100 hourly simple moving average.

Recently, the price climbed higher and climbed above $61,200. However, the price is struggling above the $62,200 level. A high was formed near $62,672 before there was another decline. It traded as low as $59,900 and recently recovered above $61,000.

Bitcoin surpassed the 50% Fib retracement level of the downside correction from the $62,672 swing high to $59,900 low. There is also a major bullish trend line forming with support near $61,000 on the hourly chart of the BTC/USD pair.

The pair is now testing the 76.4% Fib retracement level of the downside correction from the $62,672 swing high to $59,900 low. On the upside, an initial resistance is near the $62,000 level. The first key resistance is near the $62,200 level.

Source: BTCUSD on TradingView.com

A clear break above the $62,200 resistance could open the doors for more upsides. The next major resistance sits near the $63,500 level, above which the price might rise towards the $65,000 level.

Dips Supported In BTC?

If bitcoin fails to clear the $62,200 resistance zone, it could start a downside correction. An immediate support on the downside is near the $61,200 level.

The first major support is now forming near the $61,000 level, the trend line, and the 100 hourly SMA. A downside break below the $61,000 level could push the price towards $60,000.

Technical indicators:

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

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

Major Support Levels – $61,200, followed by $61,000.

Major Resistance Levels – $62,200, $62,850 and $63,500.

Stellar Lumen (XLM) Price Remains In Uptrend Above $0.40

  • Stellar lumen price started a steady increase above $0.3200 against the US Dollar.
  • XLM price is now trading above $0.3500 and the 55 simple moving average (4-hours).
  • There is a key bullish trend line forming with support near $0.3700 on the 4-hours chart (data feed via Kraken).
  • The pair could continue to rise if there is a clear break above the $0.4000 resistance zone.

Stellar lumen price is trading well above $0.3500 against the US Dollar, similar to bitcoin. XLM price must settle above $0.4000 to continue higher.

Stellar Lumen Price Analysis (XLM to USD)

After forming a base above the $0.3000 level, stellar lumen price started a fresh increase against the US Dollar. The XLM/USD pair broke the $0.3200 barrier to move into a positive zone.

There was also a break above the $0.3550 and $0.3800 resistance levels. Finally, the pair climbed above the $0.4000 resistance level and settled above the 55 simple moving average (4-hours). A high was formed near $0.4200 before there was a downside correction.

The price corrected lower below the $0.3800 level. There was a break below the 23.6% Fibonacci retracement level of the upward move from the $0.3206 swing low to $0.4200 high.

However, the price remained supported near the $0.32600 level and the 55 simple moving average (4-hours). There is also a key bullish trend line forming with support near $0.3700 on the 4-hours chart. The pair also found support near the 50% Fibonacci retracement level of the upward move from the $0.3206 swing low to $0.4200 high.

An immediate hurdle on the upside for the bulls could be $0.3950. The first major resistance is now near $0.4000. If there is a clear break above the $0.4000 resistance zone, the price could start another steady increase. The next key resistance is near the $0.4200 level, above which the price could visit $0.4500.

On the downside, there is a decent support forming near the $0.3700 level. The main support is near $0.3600 and the 55 simple moving average (4-hours). A downside break below the $0.3600 support might call for more losses. The next major support is near the $0.3200 zone.

Stellar Lumen (XLM) Price

Stellar Lumen (XLM) Price

The chart indicates that XLM price is now trading above $0.3500 and the 55 simple moving average (4-hours). Overall, the price could continue to rise if there is a clear break above the $0.4000 resistance zone.

Technical Indicators

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

4 hours RSI – The RSI for XLM/USD is now above the 50 level.

Key Support Levels – $0.3700 and $0.3600.

Key Resistance Levels – $0.3950, $0.4000 and $0.4200.

The post Stellar Lumen (XLM) Price Remains In Uptrend Above $0.40 appeared first on Live Bitcoin News.

Ripple Price Analysis: Facing Uphill Task Near $1.20

  • Ripple price failed to gain strength above the $1.20 resistance against the US dollar.
  • The price is now trading below $1.10 and the 55 simple moving average (4-hours).
  • There was a break below a key bullish trend line with support near $1.120 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).
  • The pair could continue to move down unless there is a clear break above $1.15.

Ripple price is showing bearish signs below $1.15 against the US Dollar, unlike bitcoin. XRP price must clear $1.20 for more gains in the near term.

Ripple Price Analysis

After forming a base above $1.050, ripple price started a fresh increase against the US Dollar. The XRP/USD pair broke the $1.10 and $1.12 resistance levels to move into a positive zone.

The pair even surpassed the $1.150 resistance and the 55 simple moving average (4-hours). However, the price failed to gain strength for a move above the $1.20 level. A high was formed near $1.186 before there was a fresh decline.

There was a break below a key bullish trend line with support near $1.120 on the 4-hours chart of the XRP/USD pair. The pair traded as low as $1.024 and it is now correcting higher.

There was a break above the 23.6% Fib retracement level of the recent decline from the $1.186 swing high to $1.024 low. XRP is now facing resistance near the $1.05 level. Besides, it is now trading below $1.10 and the 55 simple moving average (4-hours).

On the upside, an initial hurdle is near the $1.05 level. It is close to the 50% Fib retracement level of the recent decline from the $1.186 swing high to $1.024 low.

The next key resistance is near the $1.12 level and the 55 SMA. A close above the $1.12 could set the pace for more gains. The next major resistance is near the $1.20 level. Any more gains could lead the price towards the $1.30 level.

On the downside, an initial support is near the $1.065 level. The first major support is near the $1.05 level. Any more losses could lead the price towards the $1.00 level in the near term.

Ripple Price

Ripple Price

Looking at the chart, ripple price is now trading below $1.10 and the 55 simple moving average (4-hours). Overall, the price could continue to move down unless there is a clear break above $1.15.

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 now below the 50 level.

Key Support Levels – $1.065, $1.05 and $1.00.

Key Resistance Levels – $1.12 and $1.20.

The post Ripple Price Analysis: Facing Uphill Task Near $1.20 appeared first on Live Bitcoin News.

TA: Ethereum Eyes Key Upside Break, Why Bulls Could Aim Larger Rally

Ethereum was able to clear the $3,800 resistance zone against the US Dollar. However, ETH price failed to gain strength above $3,900 and it is now consolidating gains.

  • Ethereum started a fresh increase above the $3,750 and $3,800 resistance levels.
  • The price is now trading above $3,800 and the 100 hourly simple moving average.
  • There was a break above a key bearish trend line with resistance near $3,840 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could extend its rally if it stays above the $3,800 support zone.
Ethereum Price Gains Traction

Ethereum settled above the $3,650 level to move into a positive zone. ETH started a fresh rally above the $3,750 resistance zone and the 100 hourly simple moving average, similar to bitcoin.

The upward move was such that the price cleared the $3,800 resistance. Ether traded as high as $3,968 before there was a downside correction. The price corrected lower below the $3,800 level. However, the bulls were active near the $3,650 zone.

A low was formed near $3,640 and the price started a fresh increase. The price cleared the $3,800 resistance zone. There was a break above the 50% Fib retracement level of the recent decline from the $3,968 swing high to $3,640 low.

Besides, there was a break above a key bearish trend line with resistance near $3,840 on the hourly chart of ETH/USD. The pair is now trading above $3,800 and the 100 hourly simple moving average.

An immediate resistance on the upside is near the $3,890 level. It is near the 76.4% Fib retracement level of the recent decline from the $3,968 swing high to $3,640 low. The next major resistance is near the $3,910 level, above which the price might start a fresh surge.

Source: ETHUSD on TradingView.com

In the stated case, the price could climb towards the $3,980 level. Any more gains could set the pace for a move towards the $4,120 level in the near term.

Dips Supported in ETH?

If ethereum fails to continue higher above the $3,890 and $3,910 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,820 level.

The first key support is now forming near the $3,800 level and the 100 hourly SMA. If there is a downside break below the $3,800 support, the price could decline further. The next key support is near $3,720.

Technical Indicators

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

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

Major Support Level – $3,800

Major Resistance Level – $3,910

TA: Bitcoin Gearing For Lift-Off to $65K: Rally Isn’t Over Yet

Bitcoin is gaining pace above the $60,000 zone against the US Dollar. BTC could accelerate higher towards the $65,000 resistance zone in the near term.

  • Bitcoin started a fresh increase and it broke the $60,000 level.
  • The price is now trading above $62,000 and the 100 hourly simple moving average.
  • There was a break above a major bearish trend line with resistance near $60,850 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could continue higher towards the $63,500 level in the near term.
Bitcoin Price Gains Momentum

Bitcoin price settled above the $60,000 zone to move further into a bullish territory. BTC even broke the $61,500 and $62,000 resistance levels.

A high was formed near the $62,887. Recently, there was a minor downside correction below the $62,000 pivot zone. The price declined below the $60,000 support level and the 100 hourly simple moving average.

However, downsides were limited below the $58,800 level. A low was formed near $58,888 before the price started a fresh increase. There was a clear break above the $60,000 level and the 100 hourly SMA. The price surpassed the 50% Fib retracement level of the downside correction from the $62,887 swing high to $58,888 low.

There was also a break above a major bearish trend line with resistance near $60,850 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above the 76.5% Fib retracement level of the downside correction from the $62,887 swing high to $58,888 low.

Source: BTCUSD on TradingView.com

On the upside, an initial resistance is near the $62,500 level. The first key resistance is near the $62,850 level. A clear break above the $62,850 resistance could open the doors for more upsides. The next major resistance sits near the $63,500 level, above which the price might surge towards the $65,000 level in the near term.

Dips Limited In BTC?

If bitcoin fails to clear the $62,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $61,200 level.

The first major support is now forming near the $60,000 level (the recent breakout zone) and the 100 hourly SMA. A downside break below the $60,000 level could spark a larger correction.

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 – $61,200, followed by $60,000.

Major Resistance Levels – $62,500, $62,850 and $63,500.

Bitcoin Cash Analysis: Bulls Eye Break Above $650

  • Bitcoin cash price started a major increase above the $550 zone against the US Dollar.
  • The price is now trading above the $600 zone and the 55 simple moving average (4-hours).
  • There was a break above a major contracting triangle with resistance near $602 the 4-hours chart of the BCH/USD pair (data feed from Coinbase).
  • The pair is consolidating gains and it could eye more upsides above $635 and $650.

Bitcoin cash price is showing positive signs above $600 against the US Dollar, similar to bitcoin. BCH/USD could resume its increase as long as it is above $570.

Bitcoin Cash Price Analysis

Bitcoin cash price started a major increase from the $520 zone. BCH broke the $580 resistance level and the 55 simple moving average (4-hours).

The price settled above the $600 level and surpassed the $600 level. There was also a break above a major contracting triangle with resistance near $602 the 4-hours chart of the BCH/USD pair. A high was formed near $637 and it is now consolidating gains.

It is trading near the $628 level. An initial support is near the $620 level. It is near the 23.6% Fib retracement level of the recent wave from the $567 swing low to $637 high.

The first major support is near the $600 level and the 55 simple moving average (4-hours). It is close to the 50% Fib retracement level of the recent wave from the $567 swing low to $637 high. The next major support is near the $570 level, below which the bears might aim a test of $500.

An immediate resistance is near the $635 level. The next major resistance could be $640. The main breakout zone is near the $650 level. A clear break above $635 and $650 might spark a fresh rally. In the stated case, the price could rise towards the $700 level.

Bitcoin Cash Price

Bitcoin Cash Price

Looking at the chart, bitcoin cash price is now trading above the $600 zone and the 55 simple moving average (4-hours). Overall, the price is consolidating gains and it could eye more upsides above $635 and $650.

Technical indicators

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

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

Key Support Levels – $600 and $570.

Key Resistance Levels – $635 and $650.

The post Bitcoin Cash Analysis: Bulls Eye Break Above $650 appeared first on Live Bitcoin News.

TA: Ethereum Outperforms Bitcoin, What Could Extend Gains Above $4K

Ethereum gained pace above the $3,700 resistance zone against the US Dollar. ETH price is showing positive signs and it could even surge above $4,000.

  • Ethereum started a fresh increase above the $3,650 and $3,750 resistance levels.
  • The price is now trading above $3,800 and the 100 hourly simple moving average.
  • There is a major bullish trend line forming with support near $3,800 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could extend its rally if there is a clear break above $3,850 and $3,920.
Ethereum Price Aims Larger Increase

Ethereum settled above the $3,500 level to move into a positive zone. ETH started a fresh increase above the $3,650 resistance zone and the 100 hourly simple moving average.

The upward move was such that the price cleared the $3,750 resistance. Finally, the price spiked above $3,800 and traded as high as $3,838. It is now consolidating gains above the $3,800 level. It is well above the 23.6% Fib retracement level of the recent rally from the $3,414 swing low to $3,838 high.

There is also a major bullish trend line forming with support near $3,800 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $3,840 level.

Source: ETHUSD on TradingView.com

The next major resistance is near the $3,850 level, above which the price might start a fresh surge. In the stated case, the price could climb towards the $4,000 level. Any more gains could set the pace for a move towards the $4,200 level in the near term.

Dips Supported in ETH?

If ethereum fails to continue higher above the $3,850 and $3,920 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,800 level.

The first key support is now forming near the $3,750 level. The main support is now forming near the $3,650 and $3,625 levels. It is near the 50% Fib retracement level of the recent rally from the $3,414 swing low to $3,838 high. If there is a downside break below the $3,650 and $3,625 support levels, the price could decline further. The next key support is near $3,550.

Technical Indicators

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

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

Major Support Level – $3,750

Major Resistance Level – $3,850

TA: Bitcoin Key Indicators Suggest Upside Continuation To $62K

Bitcoin is showing positive signs above the $57,000 level against the US Dollar. BTC could gain pace and it might even test the $60,000 resistance zone.

  • Bitcoin started a fresh increase and it broke the $58,500 level.
  • The price is now trading above $58,000 and the 100 hourly simple moving average.
  • There was a break above a key declining channel with resistance near $58,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could continue higher towards the $60,000 level in the near term.
Bitcoin Price Remains In Uptrend

Bitcoin price corrected a few points below the $58,000 level. However, downsides were limited below $57,000 and BTC started a fresh increase.

The price traded as low as $56,888 and started a fresh increase. It surpassed the $57,500 and $58,000 resistance levels. There was a break above a key declining channel with resistance near $58,000 on the hourly chart of the BTC/USD pair.

The pair is now trading above $58,000 and the 100 hourly simple moving average. It is now trading near the $59,000 zone. Besides, the price is testing the 1.236 Fib extension level of the downside correction from the $58,580 swing high to $56,888 low.

On the upside, an initial resistance is near the $59,500 level. The first key resistance is near the $59,650 level. It is near the 1.618 Fib extension level of the downside correction from the $58,580 swing high to $56,888 low.

Source: BTCUSD on TradingView.com

A clear break above the $59,650 resistance could open the doors for more upsides. The next major resistance sits near the $60,000 level, above which the price might surge towards the $62,000 level in the near term.

Dips Limited In BTC?

If bitcoin fails to clear the $59,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $58,200 level.

The first major support is now forming near the $58,000 level (the recent breakout zone). A downside break below the $58,000 level could spark a larger decline. The next major support is now near the $56,800 level and the 100 hourly SMA.

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 60 level.

Major Support Levels – $58,200, followed by $58,000.

Major Resistance Levels – $59,650, $60,000 and $62,000.

EOS Price Analysis: Key Hurdle Forms Near $5

  • EOS price started a decent increase above the $4.50 zone against the US Dollar.
  • The price is now trading below $4.80 and the 55 simple moving average (4-hours).
  • There was a break below a major bullish trend line with support near $4.75 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
  • The pair could start a fresh increase if it manages to clear the $4.80 and $5.00 resistance levels.

EOS price is showing positive signs above $4.40 against the US Dollar, similar to bitcoin. The price could rise further if it manages to clear the $4.80 resistance.

EOS Price Analysis

This past week, EOS price started a steady increase above the $4.20 resistance zone against the US Dollar. The price formed a base above $4.00 and it was able to settle above the 55 simple moving average (4-hours).

There was a break above the $4.50 and $4.80 resistance levels. However, the price failed to settle above the $5.00 level. As a result, there was a fresh decline below the $4.80 support. There was also a break below a major bullish trend line with support near $4.75 on the 4-hours chart of the EOS/USD pair.

The pair traded below the 23.6% Fib retracement level of the recent increase from the $3.63 swing low to $5.06 high. The price is now trading below $4.80 and the 55 simple moving average (4-hours).

It tested the 50% Fib retracement level of the recent increase from the $3.63 swing low to $5.06 high. The price is now rising and it is trading near the $4.65 zone. The first key resistance is near the $4.80 level and the 55 SMA. A close above the $4.80 level could open the doors for a steady increase.

In the stated case, the price could rise towards the $5.00 level. The next key resistance is near the $5.50 level. On the downside, the first major support is near the $4.35 level. The main support is now forming near the $4.20 zone. If there is a downside break below the $4.20 support, there could be a move towards the $3.65 support.

EOS Price

EOS Price

Looking at the chart, EOS price is now trading below $4.80 and the 55 simple moving average (4-hours). Overall, the price could start a fresh increase if it manages to clear the $4.80 and $5.00 resistance levels.

Technical indicators

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

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

Major Support Levels – $4.50 and $4.35.

Major Resistance Levels – $4.65 and $5.00.

The post EOS Price Analysis: Key Hurdle Forms Near $5 appeared first on Live Bitcoin News.

Litecoin (LTC) Price Analysis: $200 Presents Key Resistance

  • Litecoin price found support near $160 and started a fresh increase against the US Dollar.
  • LTC price is now trading above $170 and the 55 simple moving average (4-hours).
  • There is a key bullish trend line forming with support near $172 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).
  • The pair could continue to rise towards $200 unless it fails to stay above the $162 level.

Litecoin price is recovering higher above $170 against the US Dollar, similar to bitcoin. LTC price could continue higher if it clears $185 and $188.

Litecoin Price Analysis

This week, there was a fresh increase in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC failed to clear the $185 resistance and corrected lower.

There was a break below the $172 support, but dips were limited. The price formed a support base above $165 and started a fresh increase. There was a break above the $172 resistance zone. It cleared the 50% Fib retracement level of the main decline from the $185 swing high to $166 low.

The price is now trading above the $170 level and the 55 simple moving average (4-hours). Besides, there is a key bullish trend line forming with support near $172 on the 4-hours chart of the LTC/USD pair.

An immediate resistance is near the $180 level. It is close to the 76.4% Fib retracement level of the main decline from the $185 swing high to $166 low. The next key resistance could be $185. A close above the $185 and $188 levels could open the doors for a decent increase.

In the stated case, the price could rise towards the $200 barrier in the near term. On the downside, an immediate support is near the $175 level. The first key support is near the $172 level. If there is a downside break the $172 support level, the price could revisit $162. The next key support is near the $145 level.

Litecoin (LTC) Price

Litecoin (LTC) Price

Looking at the chart, litecoin price is clearly trading above $170 and the 55 simple moving average (4-hours). Overall, the price could continue to rise towards $200 unless it fails to stay above the $162 level.

Technical indicators

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

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

Key Support Levels – $172 and $162

Key Resistance Levels – $185 and $188.

The post Litecoin (LTC) Price Analysis: $200 Presents Key Resistance appeared first on Live Bitcoin News.

TA: Ethereum Follows Bitcoin, Why ETH Could Surge Towards $4K

Ethereum started a fresh increase from the $3,400 support zone against the US Dollar. ETH price could accelerate higher once there is a clear break above $3,650.

  • Ethereum started a fresh increase above the $3,500 and $3,550 resistance levels.
  • The price is now trading above $3,550 and the 100 hourly simple moving average.
  • There was a break above a key bearish trend line with resistance near $3,500 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start a fresh rally if there is a clear break above $3,650 and $3,660.
Ethereum Price Gains Pace

Ethereum remained well supported above the $3,400 zone. ETH started a fresh increase above the $3,500 resistance zone and the 100 hourly simple moving average, similar to bitcoin.

There was also a break above a key bearish trend line with resistance near $3,500 on the hourly chart of ETH/USD. The pair is now trading above the $3,550 resistance zone. Ether price even surpassed the $3,600 resistance zone.

A high is formed near $3,656 and the price is now consolidating gains. It is well above the 23.6% Fib retracement level of the recent upward move from the $3,413 swing low to $3,656 high. The price is now showing positive signs above the $3,630. An immediate resistance on the upside is near the $3,650 level.

Source: ETHUSD on TradingView.com

The next major resistance is near the $3,660 level, above which the price might start a fresh surge. In the stated case, the price could climb towards the $3,750 level. Any more gains could set the pace for a move towards the $4,000 level in the near term.

Dips Limited in ETH?

If ethereum fails to continue higher above the $3,650 and $3,660 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,600 level.

The first key support is now forming near the $3,550 level. It is near the 50% Fib retracement level of the recent upward move from the $3,413 swing low to $3,656 high. If there is a downside break below the $3,550 and $3,535 support levels, the price could decline further. The next key support is near $3,450.

Technical Indicators

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

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

Major Support Level – $3,550

Major Resistance Level – $3,660

TA: Bitcoin Starts Fresh Rally To $60K, What Could Fuel More Upsides

Bitcoin remained strong above the $54,000 level against the US Dollar. BTC started a fresh increase and it could rally above $58,500 and $59,500.

  • Bitcoin started a fresh increase and it broke the $58,000 level.
  • The price is now trading above $57,500 and the 100 hourly simple moving average.
  • There was a break above a key bearish trend line with resistance near $56,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could accelerate higher towards the $60,000 level in the near term.
Bitcoin Price Gains Pace

Bitcoin price found support near the $54,000 level and started a fresh increase. BTC broke the key $57,000 resistance zone to enter again into a positive zone.

There was a break above a key bearish trend line with resistance near $56,500 on the hourly chart of the BTC/USD pair. The pair accelerated higher above the $57,500 level and the 100 hourly simple moving average.

Bitcoin surpassed the 76.4% Fib retracement level of the key drop from the $57,835 swing high to $54,020 low. It opened the doors for a fresh high above the $58,000 level. The price is now accelerating higher above the $58,000 level.

On the upside, an initial resistance is near the $58,750 level. It is near the 1.236 Fib extension level of the key drop from the $57,835 swing high to $54,020 low. The first key resistance is near the $59,000 level. A clear break above the $59,000 resistance could open the doors for more upsides.

Source: BTCUSD on TradingView.com

The next major resistance sits near the $60,000 level. An intermediate hurdle for the bulls may possibly be near the $59,500 level.

Dips Supported In BTC?

If bitcoin fails to clear the $59,000 resistance zone, it could start a downside correction. An immediate support on the downside is near the $58,000 level.

The first major support is now forming near the $57,800 level (the recent breakout zone). A downside break below the $57,800 level could set the pace for a downside correction. The next major support is now near the $56,500 level and the 100 hourly SMA.

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 – $57,800, followed by $56,500.

Major Resistance Levels – $58,750, $59,000 and $60,000.

Tron (TRX) Price Analysis: Rally Could Restart Above $0.10

  • Tron price is forming a base above the $0.0920 zone against the US Dollar.
  • TRX price is now trading below $0.1000 and the 55 simple moving average (4-hours).
  • There was a break below a major ascending channel with support near $0.0990 on the 4-hours chart (data feed via Bitfinex).
  • The pair could start a major increase if there is a clear break above the $0.1000 resistance.

TRON price remained well bid above $0.0880 against the US Dollar, similar to bitcoin. TRX price is rising, but it must clear $0.1000 for more upsides.

Tron Price Analysis

After a major increase, tron price faced sellers near the $0.1055 level against the US Dollar. TRX price started a downside correction below the $0.1000 level and the 55 simple moving average (4-hours).

There was also a break below a major ascending channel with support near $0.0990 on the 4-hours chart. There was a break below the 50% Fib retracement level of the upward move from the $0.0825 swing low to $0.1055 swing high.

However, the bulls were active near the $0.0880 level. The price also found support near the 61.8% Fib retracement level of the upward move from the $0.0825 swing low to $0.1055 swing high.

It is now facing resistance near the $0.0980 level and the 55 simple moving average (4-hours). The first major resistance is near the $0.1000 level. A close above $0.1000 and $0.1020 is must for a fresh increase. In the stated case, the price could rise towards the $0.1100 resistance in the near term.

On the downside, an initial support is near the $0.0950 level. The first major support is now forming near $0.0920. Any more losses might call for a sharp decline towards the $0.0800 level. The next major support is near the $0.0750 level in the near term.

Tron (TRX) Price

Tron (TRX) Price

The chart indicates that TRX price is now trading below $0.1000 and the 55 simple moving average (4-hours). Overall, the price could start a major increase if there is a clear break above the $0.1000 resistance.

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 now above the 50 level.

Key Support Levels – $0.0920 and $0.0900.

Key Resistance Levels – $0.0980, $0.1000 and $0.1100.

The post Tron (TRX) Price Analysis: Rally Could Restart Above $0.10 appeared first on Live Bitcoin News.

Bitcoin Price Analysis: BTC Remains Supported Above $54K

  • Bitcoin price started a fresh increase above the $50,000 resistance against the US Dollar.
  • The price is now trading above $52,000 and the 55 simple moving average (4-hours).
  • There is a key bullish trend line forming with support near $55,250 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).
  • The pair is showing positive signs and it could continue to rise above the $56,500 level.

Bitcoin price is gaining pace above $50,000 against the US Dollar. BTC remains supported on the downside near the $50,000 and $49,200 levels.

Bitcoin Price Analysis

Bitcoin price formed a base above the $45,000 level. As a result, BTC started a fresh increase above the $48,000 and $45,000 resistance levels.

The price gained pace for a move above the $50,000 level and the 55 simple moving average (4-hours). There was also a close above the $52,000 level and the 55 simple moving average (4-hours). The price traded as high as $57,833 before it started a downside correction.

There was a break below the $56,000 level. Bitcoin declined below the 23.6% Fib retracement level of the upward move from the $46,916 swing low to $57,833 high.

An immediate support on the downside is near the $56,000 level. There is also a key bullish trend line forming with support near $55,250 on the 4-hours chart of the BTC/USD pair. The 55 SMA is also positioned near the $53,800 level to act as a strong support.

The next key support is near the $52,350 level. It is near the 50% Fib retracement level of the upward move from the $46,916 swing low to $57,833 high. If the price fails to stay above $52,350, it could revisit the $50,000 support zone.

On the upside, an initial resistance is near the $57,150 level. The main resistance is forming near the $58,000 zone. A close above the $58,000 zone is needed for a fresh increase. In the stated case, the price is likely to rise steadily towards the $60,000 level.

Bitcoin Price

Bitcoin Price

Looking at the chart, bitcoin price is clearly trading above $52,000 and the 55 simple moving average (4-hours). Overall, the price is showing positive signs and it could continue to rise above the $56,500 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 well above the 50 level.

Key Support Levels – $55,200 and $52,350.

Key Resistance Levels – $56,500, $58,000 and $60,000.

The post Bitcoin Price Analysis: BTC Remains Supported Above $54K appeared first on Live Bitcoin News.

TA: Ethereum Holds Key Support, What Could Trigger Sharp Rally

Ethereum stayed above the $3,400 support zone against the US Dollar. ETH price must clear $3,540 to start a fresh rally in the near term.

  • Ethereum remained well supported above the $3,400 and $3,380 levels.
  • The price is now trading near $3,520 and the 100 hourly simple moving average.
  • There is a major declining channel forming with resistance near $3,520 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start a fresh rally if there is a clear break above $3,540 and $3,550.
Ethereum Price Could Turn Green

Ethereum started a fresh decline from the $3,600 resistance zone. ETH traded below the $3,500 support and the 100 hourly simple moving average. However, the bulls remained active near the $3,400 level.

A low was formed near $3,405 and the price is now rising. Ether price is now trading above the $3,450 level. There was a break above the 23.6% Fib retracement level of the downward move from the $3,620 swing high to $3,405 swing low.

It is now trading near $3,520 and the 100 hourly simple moving average. There is also a major declining channel forming with resistance near $3,520 on the hourly chart of ETH/USD.

The trend line is close to the 50% Fib retracement level of the downward move from the $3,620 swing high to $3,405 swing low. If there is a clear break above the channel resistance, the price could start a fresh increase above the $3,540 level.

Source: ETHUSD on TradingView.com

The next major resistance is near the $3,540 level, above which the price might start a fresh surge. In the stated case, the price could climb towards the $3,620 level.

Dips Supported in ETH?

If ethereum fails to continue higher above the $3,520 and $3,540 resistance levels, it could start a fresh decline. An initial support on the downside is near the $3,450 level.

The first key support is now forming near the $3,400 level. If there is a downside break below the $3,400 and $3,380 support levels, the price could decline further. The next key support is near $3,375. Any more losses could push ether price towards the $3,300 support zone.

Technical Indicators

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

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

Major Support Level – $3,520

Major Resistance Level – $3,450

TA: Bitcoin Corrects Lower, Why This Indicator Holds The Key

Bitcoin started a downside correction from the $57,800 zone against the US Dollar. BTC must stay above the 100 hourly SMA to start a fresh increase in the near term.

  • Bitcoin corrected lower below the $57,000 pivot level.
  • The price is now trading above $56,000 and the 100 hourly simple moving average.
  • There is a major bullish trend line forming with support near $55,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start a fresh increase if it clears the $57,000 resistance zone.
Bitcoin Price Remains Supported

Bitcoin price extended its increase above the $57,000 pivot level. BTC even broke the $57,500 level and settled above the 100 hourly simple moving average.

However, the price struggled to extend gains above the $58,000 level. It traded as high as $57,837 and recently corrected lower. There was a break below the $57,000 level. The price even spiked below the $56,000 level and the 100 hourly SMA.

Bitcoin found support near $54,019 and recently started an upward move. It climbed above the $55,000 level. There was a break above the 50% Fib retracement level of the recent decline from the $57,837 swing high to $54,019 low.

It is now trading above $56,000 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $55,200 on the hourly chart of the BTC/USD pair.

On the upside, the bulls are facing resistance is near the $56,350 level. It is near the 61.8% Fib retracement level of the recent decline from the $57,837 swing high to $54,019 low. The first key resistance is near the $57,000 level and a connecting bearish trend line on the same chart.

Source: BTCUSD on TradingView.com

A clear break above the $57,000 resistance could open the doors for a fresh increase. The next major resistance sits near the $58,000 level.

Dips Supported In BTC?

If bitcoin fails to clear the $57,000 resistance zone, it could again correct lower. An immediate support on the downside is near the $56,000 level.

The first major support is now forming near the $55,900 level and the 100 hourly SMA. A downside break below the 100 hourly SMA might push the price towards the $54,000 support zone in the near term.

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 – $56,000, followed by $55,900.

Major Resistance Levels – $56,350, $57,000 and $58,000.

Cardano (ADA) Price Analysis: Key Support Nearby At $2

  • ADA price is struggling to clear the $2.32 and $2.35 resistance levels against the US Dollar.
  • The price is now trading below $2.20 and the 55 simple moving average (4-hours).
  • There is a key bearish trend line forming with resistance near $2.20 on the 4-hours chart (data feed via Bitfinex).
  • The price might start a fresh increase unless there is a break below $2.00.

Cardano price is struggling below the $2.32 resistance against the US Dollar, unlike bitcoin. ADA price must clear $2.20 to start a fresh increase.

Cardano Price Analysis

After a close above $2.20, cardano price attempted a break above the $2.32 resistance zone against the US Dollar. The ADA/USD pair failed on two occasions near the $2.32 zone.

As a result, there was a bearish reaction below the $2.25 support level. There was a break below the $2.20 resistance and the 55 simple moving average (4-hours). The price even traded below the $2.15 level. A low is formed near $2.07 and it is now consolidating losses.

An initial resistance on the upside is near the $1.15 level. It is near the 23.6% Fib retracement level of the recent decline from the $2.37 swing high to $2.07 low.

The first key resistance is near the $2.20 level. There is also a key bearish trend line forming with resistance near $2.20 on the 4-hours chart. The trend line is close to the 50% Fib retracement level of the recent decline from the $2.37 swing high to $2.07 low.

A clear break above the trend line might open the doors for a fresh move towards $2.32. If there is an upside break above the $2.32 zone, the price could rally above $2.40. The next major resistance could be near the $2.65 level.

On the downside, an immediate support is near the $2.07 level. The first major support is near $2.02. Any more losses might lead the price towards the $2.00 level, below which the bears could gain strength.

Cardano (ADA) Price

Cardano (ADA) Price

The chart indicates that ADA price is now trading below $2.20 and the 55 simple moving average (4-hours). Overall, the price might start a fresh increase unless there is a break below $2.00.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is moving in the bearish zone.

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

Key Support Levels – $2.02 and $2.00.

Key Resistance Levels – $2.20 and $2.32.

The post Cardano (ADA) Price Analysis: Key Support Nearby At $2 appeared first on Live Bitcoin News.

Ethereum Price Analysis: ETH Eyes Upside Break Above $3,650

  • Ethereum price started a fresh increase above $3,200 against the US Dollar.
  • ETH price is now trading above $3,300 and the 55 simple moving average (4-hours).
  • There is a key bullish trend line forming with support near $3,400 on the 4-hours chart (data feed from Coinbase).
  • The pair could continue higher as long as it is above the $3,300 support zone.

Ethereum price is showing positive signs above $3,300 against the US Dollar. ETH/USD could accelerate higher above the $3,600 and $3,650 levels in the near term.

Ethereum Price Analysis

After forming a base above $3,000, ethereum started a fresh increase against the US Dollar. ETH price gained pace above the $3,200 level and the 55 simple moving average (4-hours).

The price climbed above the $3,300 and $3,500 resistance levels. It even traded above the $3,600 level and formed a high near the $3,670. The price is now correcting gains and trading below $3,600. It tested the 23.6% Fib retracement level of the recent wave from the $2,782 swing low to $3,670 high.

An immediate support on the downside is near the $3,460 level. The first major support is now near the $3,400 level. There is also a key bullish trend line forming with support near $3,400 on the 4-hours chart.

The next major support is near the $3,220 level. It is close to the 50% Fib retracement level of the recent wave from the $2,782 swing low to $3,670 high. If there is a downside break below the $3,300 and $3,220 support levels, the price could retest $3,000. Any more losses could lead the price towards $2,850.

An immediate resistance is near the $3,550 level. The main resistance is now forming near the $3,650 level. A close above the $3,650 level could open the doors for a fresh increase. The next major resistance for the bulls might be near the $4,000 level.

Ethereum Price

Ethereum Price

Looking at the chart, Ethereum price is clearly trading above the $3,300 zone and the 55 simple moving average (4-hours). Overall, ether price could continue higher as long as it is above the $3,300 support zone.

Technical indicators

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

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

Key Support Levels – $3,400, followed by the $3,300 zone.

Key Resistance$ Levels – $3,550 and $3,650.

The post Ethereum Price Analysis: ETH Eyes Upside Break Above $3,650 appeared first on Live Bitcoin News.

TA: Ethereum Bears Keep Pushing, Why ETH Could Slide Further

Ethereum failed to clear the $3,650 resistance against the US Dollar. ETH price is moving lower and it might extend its decline below $3,450 in the near term.

  • Ethereum struggled to gain strength above the $3,600 and $3,620 levels.
  • The price is now trading below $3,550 and the 100 hourly simple moving average.
  • There is a key declining channel forming with resistance near $3,550 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could slide towards $3,350 unless it breaks the $3,550 resistance zone.
Ethereum Price Faces Hurdles

Ethereum failed to settle above the $3,600 pivot level. ETH formed a high near $3,620 and started a downside correction. There was a break below the $3,550 support and the 100 hourly simple moving average.

The price even broke the 50% Fib retracement level of the upward move from the $3,375 swing low to $3,620 high. Ether is now trading below the $3,520 level, and it is now consolidating near the $3,500 level. An initial support on the downside is near the $3,480 level.

An immediate resistance on the upside is near the $3,635 level and the 100 hourly SMA. The first major resistance is near the $3,550 level. There is also a key declining channel forming with resistance near $3,550 on the hourly chart of ETH/USD.

Source: ETHUSD on TradingView.com

The next major resistance is near the $3,560 level, above which the price might start a fresh surge. In the stated case, the price could climb towards the $3,620 level. The next key resistance might be $3,650.

Dips Limited in ETH?

If ethereum fails to continue higher above the $3,550 and $3,560 resistance levels, it could extend its decline. An initial support on the downside is near the $3,480 level. The first key support is now forming near the $3,450 level.

It is near the 61.8% Fib retracement level of the upward move from the $3,375 swing low to $3,620 high. A downside break could lead the price towards the $3,400 support zone in the near term. Any more losses could push ether price towards the $3,375 support zone. The next key support could be $3,300.

Technical Indicators

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

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

Major Support Level – $3,440

Major Resistance Level – $3,550

TA: Bitcoin Holds Strong, Here’s Key Resistance Turned Support

Bitcoin extended its rally above the $57,000 against the US Dollar. BTC could continue to rise if it is above the $56,000 support zone.

  • Bitcoin is trading in a positive zone above the $56,000 support zone.
  • The price is now trading above $56,000 and the 100 hourly simple moving average.
  • There was a break above a key declining channel with resistance near $55,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is correcting gains, but the bulls could remain active near $56,000.
Bitcoin Price Eyes More Upsides

Bitcoin price remained well supported above the $55,000 pivot level. BTC gained pace and it was above to clear many hurdles near the $55,500 level.

There was also a break above a key declining channel with resistance near $55,400 on the hourly chart of the BTC/USD pair. The pair climbed above the $56,000 resistance level and settled above the 100 hourly simple moving average.

There was also a break above the $57,000 level and the price traded as high as $57,837. It is now correcting lower and trading below $57,500.

There was a break below the 23.6% Fib retracement level of the upward move from the $54,396 swing low to $57,837 high. On the downside, an initial support is near the $56,200 level. On the upside, the bulls are facing resistance is near the $57,000 level.

Source: BTCUSD on TradingView.com

The first key resistance is near the $57,500 level. A clear break above the $57,500 resistance could open the doors for a decent increase. The next major resistance sits near the $58,500 level. Any more gains could set the pace for a move towards the $59,200 level.

Dips Supported In BTC?

If bitcoin fails to clear the $57,500 resistance zone, it could correct lower. An immediate support on the downside is near the $56,200 level.

The first major support is snow forming near the $56,000 level. It is near the 50% Fib retracement level of the upward move from the $54,396 swing low to $57,837 high. A downside break below the $56,000 support zone could open the doors for a larger decline.

Technical indicators:

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

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

Major Support Levels – $56,200, followed by $56,000.

Major Resistance Levels – $57,000, $57,500 and $58,500.

Stellar Lumen (XLM) Price Eyes Fresh Rally Above $0.36

  • Stellar lumen price started a steady increase above $0.3000 against the US Dollar.
  • XLM price is now trading above $0.3200 and the 55 simple moving average (4-hours).
  • There is a key declining channel forming with resistance near $0.3600 on the 4-hours chart (data feed via Kraken).
  • The pair could start a fresh rally if there is a clear break above the $0.3600 resistance zone.

Stellar lumen price is trading well above $0.3000 against the US Dollar, similar to bitcoin. XLM price must settle above $0.3600 to continue higher.

Stellar Lumen Price Analysis (XLM to USD)

After forming a base above the $0.2750 level, stellar lumen price started a fresh increase against the US Dollar. The XLM/USD pair broke the $0.3000 barrier to move into a positive zone.

There was also a break above the $0.3150 and $0.3200 resistance levels. Finally, the pairclimbed above the $0.3500 resistance level and settled above the 55 simple moving average (4-hours). A high was formed near $0.3698 before there was a downside correction.

The price corrected lower below the $0.3500 level. There was a break below the 23.6% Fibonacci retracement level of the recent wave from the $0.2551 swing low to $0.3698 high.

However, the price remained supported near the $0.3200 level and the 55 simple moving average (4-hours). There is also a key declining channel forming with resistance near $0.3600 on the 4-hours chart. An immediate hurdle on the upside for the bulls could be $0.3550.

The first major resistance is now near $0.3600. If there is a clear break above the $0.3600 resistance zone, the price could start another steady increase. The next key resistance is near the $0.3800 level, above which the price could visit $0.4000.

On the downside, there is a decent support forming near the $0.3300 level. The main support is near $0.3200 and the 55 simple moving average (4-hours). A downside break below the $0.3200 support might call for more losses. The next major support is near the $0.3000 zone.

Stellar Lumen (XLM) Price

Stellar Lumen (XLM) Price

The chart indicates that XLM price is now trading above $0.3200 and the 55 simple moving average (4-hours). Overall, the price could start a fresh rally if there is a clear break above the $0.3600 resistance zone.

Technical Indicators

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

4 hours RSI – The RSI for XLM/USD is now above the 50 level.

Key Support Levels – $0.3200 and $0.3000.

Key Resistance Levels – $0.3550, $0.3600 and $0.4000.

The post Stellar Lumen (XLM) Price Eyes Fresh Rally Above $0.36 appeared first on Live Bitcoin News.

TA: Ethereum Breaking This Resistance Could Spark a Significant Surge

Ethereum corrected lower below $3,500 against the US Dollar. ETH price remained supported and it is now eyeing a key upside break above the $3,650 resistance.

  • Ethereum started a fresh increase above the $3,500 resistance level.
  • The price is now trading above $3,550 and the 100 hourly simple moving average.
  • There was a break above a key bearish trend line with resistance near $3,560 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could gain bullish momentum once there is a clear break above $3,640 and $3,650.
Ethereum Price Eyes Key Upside Break

Ethereum started a downside correction from the $3,634 swing high. ETH traded below the $3,550 support level and the 100 hourly simple moving average.

However, the price remained well bid above the $3,350 support. A low was formed near $3,375 and the price started a fresh increase. There was a clear break above the $3,500 and $3,550 resistance levels. Ether surpassed the 50% Fib retracement level of the downward move from the $3,634 swing high to $3,375 low.

There was also a break above a key bearish trend line with resistance near $3,560 on the hourly chart of ETH/USD. The pair is now trading above $3,550 and the 100 hourly simple moving average.

Source: ETHUSD on TradingView.com

It is also well above the 76.4% Fib retracement level of the downward move from the $3,634 swing high to $3,375 low. An immediate resistance on the upside is near the $3,600 level. The first major resistance is near the $3,620 level.

The next major resistance is near the $3,650 level, above which the price might start a fresh surge. In the stated case, the price could climb towards the $3,720 level. The next key resistance might be $3,800.

Dips Limited in ETH?

If ethereum fails to continue higher above the $3,620 and $3,650 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,550 level.

The first key support is now forming near the $3,520 level and the 100 hourly simple moving average. Any more losses could lead ether price towards the $3,400 support zone.

Technical Indicators

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

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

Major Support Level – $3,500

Major Resistance Level – $3,650

TA: Ethereum Breaking This Resistance Could Spark a Significant Surge

Ethereum corrected lower below $3,500 against the US Dollar. ETH price remained supported and it is now eyeing a key upside break above the $3,650 resistance.

  • Ethereum started a fresh increase above the $3,500 resistance level.
  • The price is now trading above $3,550 and the 100 hourly simple moving average.
  • There was a break above a key bearish trend line with resistance near $3,560 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could gain bullish momentum once there is a clear break above $3,640 and $3,650.
Ethereum Price Eyes Key Upside Break

Ethereum started a downside correction from the $3,634 swing high. ETH traded below the $3,550 support level and the 100 hourly simple moving average.

However, the price remained well bid above the $3,350 support. A low was formed near $3,375 and the price started a fresh increase. There was a clear break above the $3,500 and $3,550 resistance levels. Ether surpassed the 50% Fib retracement level of the downward move from the $3,634 swing high to $3,375 low.

There was also a break above a key bearish trend line with resistance near $3,560 on the hourly chart of ETH/USD. The pair is now trading above $3,550 and the 100 hourly simple moving average.

Source: ETHUSD on TradingView.com

It is also well above the 76.4% Fib retracement level of the downward move from the $3,634 swing high to $3,375 low. An immediate resistance on the upside is near the $3,600 level. The first major resistance is near the $3,620 level.

The next major resistance is near the $3,650 level, above which the price might start a fresh surge. In the stated case, the price could climb towards the $3,720 level. The next key resistance might be $3,800.

Dips Limited in ETH?

If ethereum fails to continue higher above the $3,620 and $3,650 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,550 level.

The first key support is now forming near the $3,520 level and the 100 hourly simple moving average. Any more losses could lead ether price towards the $3,400 support zone.

Technical Indicators

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

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

Major Support Level – $3,500

Major Resistance Level – $3,650

Ripple Price Analysis: Bulls In Control Above $1.10

  • Ripple price started a steady increase above the $1.00 resistance against the US dollar.
  • The price is now trading above $1.10 and the 55 simple moving average (4-hours).
  • There is a key bullish trend line forming with support near $1.120 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).
  • The pair could continue higher as long as it is above the $1.10 support zone.

Ripple price is showing positive signs above $1.10 against the US Dollar, similar to bitcoin. XRP price must clear $1.20 for more gains in the near term.

Ripple Price Analysis

After forming a base above $0.9500, ripple price started a fresh increase against the US Dollar. The XRP/USD pair broke the $0.9800 and $1.00 resistance levels to move into a positive zone.

The pair even surpassed the $1.100 resistance and the 55 simple moving average (4-hours). Finally, there was a spike above the $1.20 level and the price traded as high as $1.228. Recently, there was a downside correction below the $1.20 level.

The price declined below the 23.6% Fib retracement level of the recent increase from the $1.055 swing low to $1.228 high. However, dips remain limited below the $1.15 level.

The bulls were active near the 50% Fib retracement level of the recent increase from the $1.055 swing low to $1.228 high. There is also a key bullish trend line forming with support near $1.120 on the 4-hours chart of the XRP/USD pair.

The pair is now rising and trading above $1.15. On the upside, an initial hurdle is near the $1.20 level. The next key resistance is near the $1.22 level. A close above the $1.22 could set the pace for more gains. The next major resistance is near the $1.25 level. Any more gains could lead the price towards the $1.30 level.

On the downside, an initial support is near the $1.120 level. The first major support is near the $1.10 level. Any more losses could lead the price towards the $1.00 level in the near term.

Ripple Price

Ripple Price

Looking at the chart, ripple price is now trading above $1.10 and the 55 simple moving average (4-hours). Overall, the price could continue higher as long as it is above the $1.10 support zone.

Technical indicators

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

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

Key Support Levels – $1.12, $1.10 and $1.00.

Key Resistance Levels – $1.20 and $1.25.

The post Ripple Price Analysis: Bulls In Control Above $1.10 appeared first on Live Bitcoin News.

TA: Bitcoin Lacks Momentum Above $56K, Why Rally Isn’t Over Yet

Bitcoin is showing positive signs above $54,000 against the US Dollar. BTC could accelerate higher if there is a clear break above the $56,000 resistance zone.

  • Bitcoin remains well supported above the $54,500 level.
  • The price is now trading above $55,000 and the 100 hourly simple moving average.
  • There is a key declining channel forming with resistance near $55,650 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start a fresh rally if there is a clear break above the $56,000 resistance.
Bitcoin Price Remains In Uptrend

Bitcoin price remained in a positive zone and climbed above the $55,000 resistance. BTC even broke the $56,000 resistance level and settled above the 100 hourly simple moving average.

However, the price failed to gain strength above the $56,000 zone. A high was formed near $56,500 before there was a downside correction. The price corrected lower below the $56,000 level. The price even traded below the $55,000 level and spiked below the 100 hourly SMA.

Bitcoin found support near $54,500 and a low was formed at $54,396. The price is now rising and it is trading above the $55,500 level. There was a break above the 23.6% Fib retracement level of the recent decline from the $56,500 swing high to $54,396 low.

It is now facing resistance near the $55,500 level. There is also a key declining channel forming with resistance near $55,650 on the hourly chart of the BTC/USD pair. The channel resistance is close to the 50% Fib retracement level of the recent decline from the $56,500 swing high to $54,396 low.

Source: BTCUSD on TradingView.com

The main resistance is forming near the $56,000 zone, above which the price could accelerate higher. The next major resistance sits near the $57,200 level. Any more gains could set the pace for a move towards the $58,000 level.

Dips Supported In BTC?

If bitcoin fails to clear the $56,000 resistance zone, it could correct lower. An immediate support on the downside is near the $55,000 level.

The first major support is now forming near the $54,500 level. The next major support is near the $54,000 level, below which there is a risk of a larger decline.

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 – $54,500, followed by $54,000.

Major Resistance Levels – $55,500, $55,650 and $56,000.

Bitcoin Cash Analysis: Key Support Near $550

  • Bitcoin cash price started a major increase above the $550 zone against the US Dollar.
  • The price is now trading above the $550 zone and the 55 simple moving average (4-hours).
  • There is a key bullish trend line forming with support near $580 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).
  • The pair is correcting gains, but dips could be limited below the $550 level.

Bitcoin cash price is showing positive signs above $550 against the US Dollar, similar to bitcoin. BCH/USD could resume its increase as long as it is above $550.

Bitcoin Cash Price Analysis

Bitcoin cash price started a major increase from the $470 zone. BCH broke the $550 resistance level and the 55 simple moving average (4-hours).

The price settled above the $550 level and surpassed the $600 level. A high was formed near $636 and it is now correcting gains. The price declined below the $610 level. It declined below the 23.6% Fib retracement level of the upward move from the $530 swing low to $638 high.

On the downside, an initial support is near the $580 level. There is also a key bullish trend line forming with support near $580 on the 4-hours chart of the BCH/USD pair.

The trend line is close to the 50% Fib retracement level of the upward move from the $530 swing low to $638 high. A downside break below the $580 support zone could open the doors for a fresh decline. The next major support is near the $550 level, below which the bears might aim a test of $500.

An immediate resistance is near the $620 level. The next major resistance could be $640. The main breakout zone is near the $650 level. A clear break above $640 and $650 might trigger a sharp upward move.

Bitcoin Cash Price

Bitcoin Cash Price

Looking at the chart, bitcoin cash price is now trading above the $580 zone and the 55 simple moving average (4-hours). Overall, the price could continue to rise towards the main $640 and $650 resistance levels in the near term.

Technical indicators

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

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

Key Support Levels – $580 and $550.

Key Resistance Levels – $640 and $650.

The post Bitcoin Cash Analysis: Key Support Near $550 appeared first on Live Bitcoin News.

TA: Ethereum Lacks Momentum But This Level Could Trigger Fresh Rally

Ethereum extended its rally towards the $3,650 level against the US Dollar. ETH price is correcting gains, but dips are likely to remain limited below $3,500.

  • Ethereum started a fresh increase above the $3,600 resistance level.
  • The price is now trading above $3,500 and the 100 hourly simple moving average.
  • There was a break below a contracting triangle with support near $3,580 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start a fresh increase as long as it is above the $3,500 level.
Ethereum Price Remains Supported

Ethereum remained in a positive zone above the $3,500 resistance zone. ETH was able to climb above the $3,600 level and the 100 hourly simple moving average.

The price even spiked above the $3,600 level, but there was no upside continuation. Ether traded as high as $3,652 before it started a downside correction. There was a break below the $3,600 level. The price traded below the 23.6% Fib retracement level of the upward move from the $3,343 swing low to $3,652 high.

There was also a break below a contracting triangle with support near $3,580 on the hourly chart of ETH/USD. The price is now consolidating near the $3,550 level. An immediate resistance on the upside is near the $3,580 level. The first major resistance is near the $3,600 level.

Source: ETHUSD on TradingView.com

The next major resistance is near the $3,650 level, above which the price might accelerate higher. In the stated case, the price may possibly rise towards the $3,700 level. The next key resistance could be $3,800. Any more gains could lead the price towards the $3,880 level.

Dips Limited in ETH?

If ethereum fails to continue higher above the $3,600 and $3,650 resistance levels, it could extend its decline. An initial support on the downside is near the $3,550 level.

The first key support is now forming near the $3,500 level and the 100 hourly simple moving average. It is close to the 50% Fib retracement level of the upward move from the $3,343 swing low to $3,652 high. Any more losses could lead ether price towards the $3,450 support zone.

Technical Indicators

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

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

Major Support Level – $3,500

Major Resistance Level – $3,650