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 Cash Price Analysis: BCH/USD Primed To Break $530

Key Points Bitcoin cash price is trading with a positive structure above the $510 support against the US Dollar. There is an ascending channel in place with support at $520 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to move higher above the $530 and $540 resistance levels in the near term. Bitcoin cash price is consolidating above $520 against the US Dollar. BCH/USD could accelerate higher once buyers clear the $530 resistance area. Bitcoin Cash Price Analysis Yesterday, we saw a…

Tron, Cardano Could Lead Altcoin Break outs

Thanks to a one percent gain in the last day, Cardano is the top performer in the top 10 with Tron leading after adding 1.5 percent. All in all, we anticipate gains today and that’s why we recommend buying on dips at spot rates with stops at fitting support levels. In the meantime, patience should prevail in XLM, EOS and in Litecoin since prices are still below key resistance levels. Let’s have a look at these charts: EOS Price Analysis As the week concludes, EOS price continue to oscillate within…

Bitcoin Price Watch: BTC/USD Approaching Next Key Break

Key Points Bitcoin price is preparing for the next move with resistances near $6,385 and $6,530 against the US Dollar. Yesterday’s highlighted major breakout pattern is still active with resistance at $6,385 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to make the next move either above $6,400 or below $6,240 in the near term. Bitcoin price remained confined in a range above $6,240 against the US Dollar. BTC/USD could recover to $6,530 if it breaks the $6,400 resistance. Bitcoin Price Analysis…

Ethereum Classic Price Analysis: ETC/USD Eyes Upside Break above $13

Key Highlights Ethereum classic price formed a support base near $12.00 and moved higher against the US dollar. There was a break above a contracting triangle with resistance at $12.58 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair has moved into a bullish zone and it could continue to move higher towards $13.00 and $13.50. Ethereum classic price is gaining traction against the US Dollar and Bitcoin. ETC/USD is placed nicely above $12.50 for more gains in the near term. Ethereum Classic Price Support…

Ripple Price Analysis: XRP/USD At Risk of Break Below $0.3100

Key Highlights Ripple price was not able to stay above the $0.3500 support zone and declined against the US dollar. There is a new connecting bearish trend line in place with resistance at $0.3300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently at risk of a downside break below the $0.3100 support level in the near term. Ripple price is under pressure below key supports against the US Dollar and Bitcoin. XRP/USD could decline sharply if there is a break below the…

Cardano Price Analysis: ADA/USD Attempting Upside Break Above $0.10

Key Highlights ADA price tested the $0.090 support area and recovered higher against the US Dollar (tethered). There was a break above a key bearish trend line with resistance at $0.0940 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is trading in a positive zone above the $0.095, but it facing a major resistance near $0.100. Cardano price is trading with positive moves against the US Dollar and Bitcoin. ADA/USD must break the $0.100 and $0.105 resistance levels. Cardano Price Analysis After a downward…

Cardano (ADA) Price Watch: Channel Break and Retest

Cardano Price Highlights Cardano price recently broke below its ascending channel to signal that a reversal is underway. Price found support around 0.1200 and may need a correction before resuming the drop. Applying the Fibonacci retracement tool shows where more sellers might be waiting to join in. Cardano price could be in for a correction from its breakdown before gaining more traction on its slide. Technical Indicators Signals The 100 SMA is still above the longer-term 200 SMA on the 4-hour time frame to signal that the path of least…

Ethereum Classic Price Analysis: ETC/USD Eyeing Break above $17.40

Key Highlights Ethereum classic price is trading in a bullish zone above the $16.50 support against the US dollar. There is a crucial contracting triangle forming with resistance near $17.25 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair may perhaps break the $17.20 and $17.30 resistance levels to trade further higher. Ethereum classic price is eyeing more gains against the US Dollar and Bitcoin. ETC/USD has to surpass the $17.30 level to accelerate gains in the near term. Ethereum Classic Price Resistance During the…