Cardano Price Analysis: ADA/USD Extending Losses

Key Highlights ADA price traded further lower and broke the $0.1550 support against the US Dollar (tethered). There is a crucial bearish trend line formed with resistance near $0.1555 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently in a downtrend and it could break the $0.1500 support for more losses. Cardano price failed to recover against the US Dollar and Bitcoin. ADA/USD tumbled and it remains at a risk of more losses below the $0.1550 level. Cardano Price Analysis During the past…

Bitcoin Price Watch: BTC/USD Turned Bearish?

Key Points Bitcoin price failed to hold gains and broke a major support at $6,700 against the US Dollar. Yesterday’s discussed important contracting triangle was broken with support at $6,720 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently trading below $6,680 and 100 hourly simple moving average, which is a bearish sign. Bitcoin price declined below the $6,700 support with negative signs against the US Dollar. BTC/USD could continue to move down and it may even retest the $6,550 level. Bitcoin Price…

Ripple Price Analysis: XRP/USD Broke Channel Support

Key Highlights Ripple price was not able to gain momentum and broke the $0.5400 support against the US dollar. Yesterday’s highlighted important ascending channel was breached with support at $0.5350 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is back in a bearish zone and it could continue to move down towards the $0.5150 level. Ripple price fell sharply below key supports against the US Dollar and Bitcoin. XRP/USD is likely to extend declines towards the $0.5150 and $0.5100 levels. Ripple Price Resistance Yesterday,…

Ethereum Price Analysis: ETH/USD Broke Key Support

Key Highlights ETH price failed to move above the $545 barrier and declined against the US Dollar. This week’s highlighted key bullish trend line was broken with support at $518 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now well below $530 and the 100 hourly simple moving average, which is a bearish sign. Ethereum price came under renewed selling pressure against the US Dollar and Bitcoin. ETH/USD is now trading below $530 with bearish signs. Ethereum Price Resistance Recently, we saw a rejection around…

Bitcoin (BTC) Price Watch: How Low Can It Go?

Bitcoin Price Key Highlights Bitcoin price looks ready to resume the downtrend as the descending trend line keeps holding. Bulls seem to be having trouble sustaining the upside wedge breakout and might give in to bearish pressure. Applying the Fibonacci extension tool shows the next potential downside targets. Bitcoin price might be ready to resume its selloff as the $6,800 level is proving to be tough resistance. Technical Indicators Signals The 100 SMA is safely below the longer-term 200 SMA to suggest that the path of least resistance is to…

Bitcoin Cash Price Analysis: BCH/USD Could Retest $825

Key Points Bitcoin cash price failed to move past the $900-910 resistance and declined sharply against the US Dollar. Yesterday’s highlighted key bullish trend line was breached at $880 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently under a bearish pressure and it could soon retest the $825 support. Bitcoin cash price struggled to trade above $910 against the US Dollar. BCH/USD declined and it may perhaps continue to move down towards the $825 support. Bitcoin Cash Price Decline There were many…

EOS Technical Analysis (June 22, 2018)

Regardless of our EOS bullish proposals, bears are keen on driving prices lower. In the last 24 hours, EOS slid one percent and perfectly aligning itself with the general sell trend. This comes even in the back drop of Ledger Support and several EOS coin deposit and withdrawal support at BitFinex and Kraken.  If anything, we are still neutral because none of our trades-sell or buy, are live as laid out in previous trade plans. From the News It’s next to perfect, news of Ledger hardware wallet support is a…

Litecoin, EOS, Tron, Stellar Lumens and IOTA Technical Analysis (June 22, 2018)

The crypto verse is never short of drama and while hacking vibes dominate, Charlie Lee of Litecoin is advocating rationalism. Obviously, after recent hacks, it’s easy to see sentiment almost always flips and drag BTC prices with it. The resulting coupling drags other coins with it resulting in a general crypto slide which he thinks is totally unnecessary. While this is happening, TRX coin migration begins today. Let’s have a look at the charts: EOS Technical Analysis EOS Daily Chart by Trading View So guys, the verdict is out. According…

Ethereum Classic Price Defies Bear Market in Single-Day Rally

The ethereum classic price continued its inexorable rise on Thursday afternoon as it reached $17.71 on cryptocurrency exchange Binance — a single-day increase of 7%. There could be several factors which are affecting this price movement. The principal one is the listing on Coinbase, which was something of a surprise when it beat other contenders such as Ripple’s XRP token to the finishing line. Turnover has also increased quite substantially in the past days where the price climbed from a low of around $13.50 to $17.74 of now and appears…

Researchers Allege Tron Plagiarized Code from other Projects

Researchers from Digital Asset Research (DAR) have discovered multiple instances of code copied from other projects in the Tron codebase. It seems that Tron developers plagiarised code from Ethereum among other projects and changed filenames to make it difficult to identify the source of the code. DAR published an article on Medium about the plagiarism and the legal and technical problems that may now affect the Tron mainnet going forward. “On December 31, 2017, the project was initially accused of violating the GNU Lesser General Public License v3.0 (LGPL) because the…