Price Analysis

Ripple Bears Resurface to Test 100 EMA Support, Will it Hold? (XRP Price Analysis)

XRP saw a 3.9% price drop today as it penetrated beneath $0.25 to hit $0.245. The coin looked like it was ready to break consolidation a few days ago but has now been rejected by the upper boundary of a triangle. Against Bitcoin, XRP also dropped lower.
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Bitcoin Price Analysis: BTC Breaks Vital Short-term Support, $11K Incoming?

Despite a promising start to the week, the bullish Bitcoin traders have struggled to maintain momentum. In the last few hours, bears have successfully overcome the intra-week support (white line), which was helping to keep BTC in an uptrend, and are now threatening to drive prices back towards the 0.5 Fibonacci level at $11,150. Looking […]
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EOS price falls below $3, what’s next?

The EOS price line fell below the $3.00 level on the 2nd of August, while the cryptocurrency traded within the day’s range of $2.904 to 3.002. 1-Day EOS price analysis EOS price chart by Trading View At the start of the 2nd of August, the cryptocurrency traded near the $3.3 mark, after which it made […] …

Why $7,050 is the Level to Watch During Bitcoin’s (BTC) Weekly Close

In brief: Bitcoin (BTC) encountered massive resistance as it tried to break $7,300.  At the same time, its trade volume has been dropping together with its dominance in the crypto markets.  In our analysis of Bitcoin (BTC) a few hours ago, we were cautiously optimistic that the King of Crypto was on a slow and tense journey towards $8,000. We also identified a few support zones that include $7,050, $6,900, $6,800 and $6,600. Why $7,050 is the Level to Watch […] …

Bitcoin Price Prediction: BTC/USD Eyes the $7,000 Low, as Bulls Defend the Current Support at $7,800

Bitcoin (BTC) Price Prediction – March 10 The recent fall to the support at $7,800 is because of the bulls’ inability to sustain price above $9,000. The bulls were repelled at $9,200 and the market fell to the low of $7,800. Key Levels: Resistance Levels: $10,000, $11, 000, $12,000 Support Levels: $7,000, $6,000, $5,000 BTC/USD – Daily Chart BTC/USD pair is having another downward move because of the recent positive moves by the bulls. The bulls broke away from the range-bound zone and the resistance at $9,000. The upward move extended to $9,200 before they were resisted. BTC fell from $9,200 to the low above $7,800 in the last 24 hours. The bulls have been unrelenting to defend the current support so as avoid further selling. Assuming, the bulls succeed in pushing the price above $8,400 or a rebound occurs. The bottom line is that the bears will fight back to sink price to the next support at $7,000 or $6,800. For instance, in November and December 2019, Bitcoin fell to the low of $6,900 and $6,600 respectively before the resumption of an uptrend. Bitcoin’s recent fall has compelled it to drop below 20 % range of the daily stochastic. This implies that Bitcoin is in a bearish momentum and approaching the oversold region. BTC/USD Medium-term Trend: Ranging (4-Hour Chart) On the 4-hour chart, the current fall reaches the low at $7,700 and resumed a range bound movement above the… Read More »Bitcoin Price Prediction: BTC/USD Eyes the $7,000 Low, as Bulls Defend the Current Support at $7,800

Bitcoin Price Analysis: Why This Pattern is BTC/USD Ticket To $10,500?

Bitcoin price locked under the resistance at $8,000 despite recovery from $7,650. BTC/USD could easily ride on the inverted H&S pattern for the next bull run to $10,500. Bitcoin price is toying with the idea of completing an inverse head-and-shoulders (H&S) pattern. This follows a rollercoaster ride that saw the largest cryptocurrency drop by more than $1,000 in less than 24 hours to test support at $7,650. A reversal has since occurred but it is not significant to clear the resistance at $8,000. For this reason, BTC/USD teeters at $7,901 at the time of writing. Bitcoin has lost 0.43% of its value on the day amid growing building bearing momentum. The price is also dancing under the moving averages in the daily range. The 200-day SMA holds the ground at $8,666 while the 50 SMA at $9,262. In the same range, the Relative Strength Index (RSI) is stuck in the zone at 30. Recovery has not been forthcoming owing to the key selling pressure at $8,000. However, the RSI has avoided the oversold region like plague; a move that is risky for Bitcoin because it means that the crypto is not yet oversold and the bears still have room to play. BTC/USD daily chart BTC/USD price chart by Tradingview The Inverse Head-and-Shoulders Pattern The current H&S pattern has been forming for a long time. The drop to $7,650 initiated the completion of the right shoulder of the pattern. An expected… Read More »Bitcoin Price Analysis: Why This Pattern is BTC/USD Ticket To $10,500?

EOS price rests at $3.05: what’s next?

The EOS price line returns to the $3.050 level after falling to the $2.850 mark on the 9th of March. EOS trades at a day’s range of $3.035 — $3.096. veksonpu highlights a head and shoulders pattern formed by EOS, while the trading view analyst believes that the cryptocurrency is in a heavy selloff. 1-Day EOS Price Analysis (09th March) EOS Price Chart by TradingView EOS started the day’s trade above the $3.05 mark while the price line moved across the $3.150 level to reach a day’s high of $3.168 US Dollars. The coin saw a bearish movement in the afternoon where it fell towards the $2.850 mark and saw a day’s low of $2.848 US Dollars. The cryptocurrency saw some price recovery towards the $3.05 towards the end of the 24-Hour chart. At the time of closure, the coin traded at $3.063 US Dollars, while it currently stands at $3.052 US Dollars. EOS: predictive analysis EOS completed it’s head and shoulders pattern that started forming on the 13th of January 2020. The head touches the $5.5 mark, while both of the shoulders were formed at the $3.9 mark. EOS Featured Price Chart by TradingView veksonpu is of the opinion that the cryptocurrency is in a heavy selloff and its next price targets are $1.60, followed by $0.4. Featured Image by Adam Nowakowski. Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds… Read More »EOS price rests at $3.05: what’s next?

Bitcoin Cash price rests at $270: what’s next?

The Bitcoin Cash price line shows dishevelled price movements on the price chart for the 9th of March. The cryptocurrency trades within a day’s range of $268.880000 — $275.000000. kyeats813 suggests that the cryptocurrency has validated a head and shoulders pattern with a break of the neckline. 1-Day Bitcoin Cash Price Analysis (09th March) Bitcoin Cash Price Chart by TradingView The Bitcoin Cash began the trade on the 9th of March with a starting price under the $275.00 mark. The cryptocurrency showed dishevelled price movements over the day until it saw bears in the afternoon. The coin fell towards the $252.50 mark, and it scored a day’s low of $235.00458 US Dollars. Towards the end of the day, the coin moved towards the $272 trading value and closed the day at $274.0678 US Dollars. At the time of writing, the cryptocurrency stood at the $270.630 mark. Bitcoin Cash: predictive analysis kyeats813 is of the opinion that as the cryptocurrency has shown a clear formation of the head and shoulders, with a clean break of the neckline, it will now look to add to the short and bounce back towards the last support range. Bitcoin Cash Featured Price Chart by TradingView The crypto analyst also suggested that the last support range will now act as a resistance between $297 – $307. Featured Image by Jason Briscoe. Disclaimer: The information provided is not trading advice but an informative analysis of the price movement.… Read More »Bitcoin Cash price rests at $270: what’s next?