Cardano Price Technical Analysis – ADA/USD to Decline Further

Key Highlights ADA price declined recently after forming a high near the $0.4185 level against the US Dollar (tethered). There was a break below a major bullish trend line with support at $0.3850 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently holding the $0.3600 support, but it remains at a risk of more declines. Cardano price is under bearish pressure against the US Dollar and Bitcoin. ADA/USD could break the $0.3600 support and decline further in the near term. Cardano Price Downtrend…

Ripple Price Technical Analysis – Can XRP/USD Hold $1.00?

Key Highlights Ripple price after an upside move faced a strong resistance at $1.1500 against the US dollar. There was a break below a connecting bullish trend line with support at $1.0800 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair is currently holding the $1.00 support, but it is struggling to move higher. Ripple price made a downside move recently against the US Dollar and Bitcoin. XRP/USD must stay above the $1.0000 support area to avoid further declines. Ripple Price Resistance There was a…

Ethereum Price Technical Analysis – Can ETH/USD Hold This?

Key Highlights ETH price is correcting lower, but it is holding the $900 support area against the US Dollar. There is a short-term bearish trend line forming with resistance at $920 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is now below the 100 hourly simple moving average and $950, which are likely to act as resistances. Ethereum price is moving lower further against the US Dollar and Bitcoin. ETH/USD has to hold the $900 support level to remain in a bullish trend. Ethereum Price Support…

Asian Altcoin Trading Roundup: Top Cryptocurrency is Polymath

A Sunday pull-back is becoming almost regularity in the crypto markets and a red Monday morning is the result.  Bitcoin made it to a weekly high of $11,300 before cooling off a little and retreating back to $10,600 where it currently trades. The correction has taken all of the altcoins with it and most are in the red during the Asian trading session this morning. To find one that is performing well we need to leave the top 25 once more and go further down the chart. Nothing really stands…

Bitcoin Price Technical Analysis for 02/19/2018 – Aiming for Extension Levels?

Bitcoin Price Key Highlights Bitcoin price is still trending higher after breaking above a few key resistance levels. Bulls are gaining traction and allowing price to move above an ascending trend line on the 1-hour time frame. Price appears to have completed its pullback from the recent rally and could head up to the extension levels next. Bitcoin price looks ready to resume its rally after a brief pullback to a short-term rising trend line. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA to indicate that…

Bitcoin Price Weekly Analysis – BTC/USD Eyeing Further Gains

Key Points Bitcoin price made a nice upside move and traded above $9,000 and $10,000 against the US Dollar. There is a major ascending channel forming with current support at $10,150 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX). The pair may continue to rise and the next major resistances are at $11,600 and $12,000. Bitcoin price showing many bullish signs above $10,000 against the US Dollar. BTC/USD may correct a few points in the short term, but it remains supported above $10,150. Bitcoin Price Support…

Bitcoin Eyes $12,000 in South Korea as Demand For Cryptocurrency Rises

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bitcoin has built significant momentum over the past 24 hours, surpassing the $11,000 mark. The majority of alternative cryptocurrencies in the market have performed poorly against bitcoin, as the most dominant cryptocurrency in the market continued to lead a strong rally. Against the US dollar, bitcoin has increased by nearly 8 percent since February 17, achieving $11,200. Apart from a few small cryptocurrencies such as Aion, bitcoin has been the best performing major cryptocurrency in the market.…

Ethereum Price Weekly Analysis – ETH/USD Bullish above $880

Key Highlights ETH price succeeded in moving higher this past week to trade above $900 against the US Dollar. There is a key ascending channel forming with support at $880 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair may continue to rise as long as the mentioned $880 support is intact. Ethereum price is placed nicely in the bullish zone against the US Dollar and Bitcoin. ETH/USD is currently correcting lower, but it remains supported above $880. Ethereum Price Support There was a fresh start of…

Bitcoin Cash Price Weekly Analysis – Can BCH/USD Continue Higher?

Key Points Bitcoin cash price gained heavily this past week and moved above $1,400 against the US Dollar. There is a crucial bullish trend line forming with support at $1,480 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX). The pair may decline a few points in the short term, but it remains supported near $1,450 and $1,400. Bitcoin cash price is trading nicely in the bullish zone above $1,400 against the US Dollar. BCH/USD is likely to remain in an uptrend with resistances at $1,600 and…

‘Traditional Assets Are Safest Bet’ for Life Savings

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Blockchain veteran Vitalik Buterin, co-founder of the Ethereum network behind No. 2 cryptocurrency by market cap ETH, is a realist. While last year may have put cryptocurrencies on the map, Buterin brings up the risk/reward profile. He doesn’t want investors to have false illusions about pie-in-the-sky returns without identifying any of the risks. Meanwhile, the ETH price has advanced nearly 40% since Feb. 5. Buterin took to Twitter, which is often his soapbox platform of choice, to seemingly tout the…