Connect with us

#Daily Price Analysis

Ethereum Classic Price Analysis: ETC/USD Surging Higher.

Published

on

Ethereum classic price flooded higher against the US Dollar and Bitcoin. ETC/USD is put in a bullish zone over the $18.00 turn level.

Ethereum Classic Price Key Features

  • Ethereum classic price soared higher and broke the $16.00 and $18.00 resistances against the US dollar.
  • There is a noteworthy bullish pattern line shaped with help at $18.20 on the hourly graph of the ETC/USD combine (Information feed through Kraken).
  • The match may rectify a couple of focuses, however plunges stay upheld close to the $18.40 and $18.20 levels.

Ethereum classic price flooded higher against the US Dollar and Bitcoin. ETC/USD is put in a bullish zone over the $18.00 turn level.

Ethereum Classic Price Pattern

There was a solid help base framed close $14.50 level in And so on price against the US dollar. The ETC/USD combine increased bullish energy above $15.00 after the Coinbase posting. The price hopped higher and broke numerous resistances like $16.00, $17.00 and $18.00. There was additionally a break over the $20.00 handle and a high was shaped at $21.02.

Afterward, the price adjusted lower and exchanged beneath the $20.00 level. There was a break underneath the 23.6% Lie retracement level of the last wave from the $15.78 low to $21.02 high. Be that as it may, there are numerous backings on the drawback over the $18.00 level. All the more vitally, there is a noteworthy bullish pattern line shaped with help at $18.20 on the hourly outline of the ETC/USD combine. The pattern line bolster concurs with the half Lie retracement level of the last wave from the $15.78 low to $21.02 high. In this way, if the price revises bring down from the present levels, it might well discover offers close to the $18.40 and $18.20 levels.

ETCUSD Price Chart 7th August

ETCUSD Price Chart 7th August

The graph recommends that Ethereum Classic price is put pleasantly in a bullish zone above $18.00. Once the present adjustment is finished, it could make another endeavor to outperform the $20.00 level. The following resistances over the $20.00 level are sitting close to the $21.00 and $21.80 levels.

Hourly MACD – The MACD for And ETC/USD is set pleasantly in the bullish zone.

Hourly RSI – The RSI for And ETC/USD is well over the 50 level.

Significant Help Level – $18.20

Significant Resistance Level – $20.00

#Cardano Price Analysis

ADA Daily Trading Signals: 19 October

Published

on

ADA Price is below the two EMAs with the stochastic oscillator signal pointing down at 43%. This implies further downward movement within the range.

Dominant bias for CARDANO (ADA) – Ranging

Resistance Levels- $0.08800, $0.09000, $0.09200

Support Level-$0.07000, $0.06800. $0.06600

 

ADA is in a range-bound market   The loss in bullish momentum at $0.08091 in the resistance area for the continued upward journey after the retest gradually set the bears back in the market. The doji opening candle of 18th October at $0.08001 followed by the bearish hammer confirmed the bears’ takeover. ADAUSD was initially down to $0.07752. Increased bears pressure pushed the cryptocurrency further down to $0.07537 in the support area as ADAUSD enters the range.

ADA Price is below the two EMAs with the stochastic oscillator signal pointing down at 43%. This implies further downward movement within the range.

 

ADA 4-hour chart

ADA 4-hour chart

 

ADA is in consolidation and trading between $0.08050 in the upper supply area and at $0.07200 in the lower demand area of the range. A breakout at the upper resistance area or breakdown at the lower support area may occur hence patience is required for either to happen. Confirmation with good reversal candles after retest will be of great importance.

Continue Reading

#Daily Price Analysis

XRP Daily Trading Signals: October 19

Published

on

Dominant bias for XRP – Bullish

Resistance Levels- 0.6000 $0.6500, $0.7000

Support Level-$0.3500, $0.3000. $0.2500

 

XRP had a temporary drawdown which is a plus to the cryptocurrency on its journey to the moon. The bullish opening of 18th October at $0.4832 expected to push the price of XRP up showed exhaustion as the candle closes with a wick. This returned the bears to market.  The bears’ pressure was strong as XRPUSD initially down to $0.4719. With increased bearish momentum, the cryptocurrency went further down to $0.4560 in the support area as the trading session runs to a close

Apparently, the pullback was necessary for the market correction before uptrend continuation. The retracement was within the 50.0 fib level a trend reversal zone. The implication is that the bulls still lurk in the market and a strong comeback may occur sooner than expected. Moreover, the broken diagonal line in the Fibonacci is another great tool. Each time price touches it, it bounces off it. A bounce may also be expected if price makes a touch at it before going up.

 

XRP 4-hour chart

XRP 4-hour chart

 

The 200 EMA is seen acting as a strong support for bullish movement as XRP price lies above it. The stochastic oscillator signal points down at 32% which suggest minor downward price movement may occur before uptrend continuation.

Continue Reading

#Bitcoin Price Analysis

BTC Daily Trading Signals: October 19

Published

on

BTC Price remains in a range-bound market. The strong bearish pressure within the range was dominant as BTC witness drawdown.

Dominant bias for Bitcoin (BTC) –Ranging

Resistance Levels- $6800, $6900, $7000

Support Level-$6000, $5900. $5800

 

BTC remains in a range-bound market. The strong bearish pressure within the range was dominant as BTC witness drawdown. Despite a bullish 4-hour opening at $6735.6 on 18th October that led to the high of the day at $6779.9, the bear takeover was confirmed by the next bearish candle. BTCUSD was down to $6609.3 in the support area.

Though $6607 was the low BTCUSD made on 17th October with the current strong bearish pressure, a lower low may be attained at the end of trading session.

 

BTC 4-hourchart

BTC 4-hour chart

 

BTC Price is below the 10 EMA but sits on the 200 EMA. A break below the 200-EMA may see the bear taking BTCUSD to the 6300 area. The stochastic oscillator is in the oversold region but its signal points down which implies further downward price movement within the range.

BTCUSD is in consolidation and trading between $6800 in the upper resistance area and at $6300 in the lower support area of the range. A breakout at the upper area will be good for a long while a breakdown at the lower area suggests shorting the cryptocurrency.

Continue Reading
Advertisement blockonix.com

Live Crypto Prices

  • BTC
  • USD
  • AUD
  • CAD
  • EUR
  • BTC
    Bitcoin(BTC) 6464.78263026
  • ETH
    Ethereum(ETH) 203.885526348
  • BCH
    Bitcoin Cash(BCH) 440.124187857
  • EOS
    EOS(EOS) 5.3573799899
  • LTC
    Litecoin(LTC) 52.9384254961
  • ADA
    Cardano(ADA) 0.0760089044
  • TRX
    TRON(TRX) 0.0240361367
  • DASH
    Dash(DASH) 154.502131606
  • XEM
    NEM(XEM) 0.0939590366

Trending