TRX/USD Break Out Trade, Path Towards Jan 24 Lows

Latest Tron News That the Japanese are open to cryptocurrencies and similar blockchain technologies but concurrently stringent protecting investors is true. So tight are applicable laws that investors who lose their digital assets are guaranteed of a recourse. We have seen that happen with the ongoing Mt Gox Civil Rehabilitation Case. Because it is mandatory for exchanges to register with the country’s Financial Services Agency (FSA), investors are safe. Now, under the fund settlement law of which crypto exchanges must follow since they are platforms for buying and selling digital…

Bitcoin Erases Weekend Gains & Struggles to Break Out of Bear Trend

Twitter Facebook LinkedIn Bitcoin kicked off the week by erasing gains made during the weekend, falling 1 percent against the US Dollar. Bitcoin Relinquishes Hard-Fought Gains The BTC/USD pair stayed depressed despite an upside attempt, printing intraday lows near 6319-fiat against the high at 6384-fiat. The breakdown action in the European forex market helped the dollar establish its 16-month high. Due to the US bank holiday today, Wall Steet is bound to post lower volume, but its relevance to the overall intraday health of the greenback could surface tomorrow when the…

Bitcoin Cash Price Analysis: BCH/USD Approaching Next Key Break

Key Points Bitcoin cash price is currently consolidating above the $535 support against the US Dollar. There is a key contracting triangle formed with resistance at $570 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to make the next move either above $570 or below $550 in the near term. Bitcoin cash price is preparing for the next move against the US Dollar. BCH/USD could rally once again if there is a break above the $570 resistance. Bitcoin Cash Price Analysis Yesterday,…

Ethereum Price Analysis: ETH/USD Attempting Upside Break

Key Highlights ETH price traded higher recently and tested the $203-204 resistance zone against the US Dollar. There is a major bearish trend line in place with resistance at $203 on the hourly chart of ETH/USD (data feed via Kraken). The pair could break the $203 and $204 resistance levels to climb higher in the near term. Ethereum price is slowly moving higher against the US Dollar and bitcoin. ETH/USD must clear the $204 level to move further higher in the near term. Ethereum Price Analysis During the past few…

Bitcoin Price Watch: Break Below $6,390 Could Accelerate Losses

Key Points Bitcoin price is trading above the important $6,390 support area against the US Dollar. Yesterday’s highlighted major bullish trend line is intact with support at $6,390 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must stay above the $6,390 support to avoid a downside break. Bitcoin price is struggling to stay above $6,390 and $6,400 against the US Dollar. BTC/USD must clear the $6,430 and $6,450 resistance to climb higher. Bitcoin Price Analysis There was a slow and steady decline from the…

Ripple Price Analysis: Break Above $0.4550 Could Push XRP Higher

Key Highlights Ripple price is struggling to clear the $0.4540 and $0.4550 resistance levels against the US dollar. There is a major bearish trend line in place with resistance at $0.4540 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must clear the $0.4540, $0.4550 and $0.4610 resistance levels to accelerate higher. Ripple price is preparing for the next break against the US Dollar and Bitcoin. XRP/USD remains supported on dips near $0.4410 for an upside break. Ripple Price Analysis There were mostly range moves…

Bitcoin (BTC) Price Watch: Decisive Bullish Break Happening?

Bitcoin Price Key Highlights Bitcoin price is attempting another upside break from its descending triangle visible on the longer-term charts. If this is a decisive break, price could climb by the same height as the triangle, which spans close to $4,000. Technical indicators are giving mixed signals but there are signs of bullish momentum building up. Bitcoin price is making another attempt at a bullish triangle breakout to ultimately confirm that more gains are in the cards. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA…

Cardano Price Analysis: ADA/USD Eyeing Upside Break above $0.080

Key Highlights ADA price is holding the $0.0750 support and the 100 hourly simple moving average against the US Dollar (tethered). There is a major bearish trend line in place with resistance at $0.0800 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair remains supported on dips and it could move higher above $0.0800 in the near term. Cardano price is placed in a positive zone against the US Dollar and Bitcoin. ADA/USD may perhaps break the $0.0800 resistance to climb further higher. Cardano Price…

Bitcoin Cash Price Analysis: BCH/USD Could Break Towards $472

Key Points Bitcoin cash price is holding the $440 support and is trading with a positive bias against the US Dollar. There is a contracting triangle in place with support at $445 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to break to the upside towards the $460 and $472 resistance levels. Bitcoin cash price is positioning for more gains against the US Dollar. BCH/USD must break $452 to gain momentum towards $460 and $472. Bitcoin Cash Price Analysis There was a…

Ethereum Classic Price Analysis: ETC/USD Eyeing Upside Break Above $10

Key Highlights Ethereum classic price is forming a decent support base near the $9.20 level against the US dollar. There is an ascending channel formed with support at $9.35 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is likely to move higher and it could even break the $10.00 resistance in the near term. Ethereum classic price is positioning for a recovery against the US Dollar and Bitcoin. ETC/USD could gain traction once it breaks the $10.00 resistance. Ethereum Classic Price Analysis There was…