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Ethereum technical indexes spell doom after rejection from $600

November 25, 2020 , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Ethereum is on the cusp of a breakdown to $520 after losing support above $600. Ether bulls must defend the support at the ascending parallel channel’s lower boundary to avert the brewing losses. Ethereum was blasted to new yearly highs above $600 earlier this week. The majestic move shined a light on the altcoin season […]

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Ripple bulls outperform themselves in the rally past $0.6, is a pullback nigh?

November 24, 2020 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Ripple retreated after trading new yearly highs at $0.63 but is currently fighting to make a comeback above $0.6. XRP/USD is in bullish hands as reinforced by the golden cross pattern on the daily chart. Ripple is leaving only dust behind as the Launchpad rockets it to higher levels not seen since September 2018. The […]

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Bitcoin could quickly rush to $20,000 so long as this crucial hurdle is shattered

November 24, 2020 , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin battles the uphill task of breaking above $18,500, the channel’s middle boundary, and $19,000. The fear of missing out (FOMO), speculation, and excitement is likely to push Bitcoin to $20,000 if the $19,000 barrier is broken. The bullish cycle in the cryptocurrency market continues to catch momentum. Bitcoin has for the first time stepped […]

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Ripple price rejected at $0.5 after a remarkable rally, what next for XRP?

November 23, 2020 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Ripple hit a barrier at $0.5 but appears to have embraced support at $0.45. XRP/USD path with the least resistance remains upward but most people wait for a confirmed spike above $0.5. The cross-border token broke out during the weekend in a series of engulfing candlesticks. In the course of the trading last week, $0.31 […]

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Ethereum long target at $600 after establishing support above key breakout boundary

November 23, 2020 , , , , , , Eddy 0

Ethereum eyes $600 but stalled at $584 to seek higher support before resuming the uptrend. ETH/USD least resistance path seems upwards ahead of the immense support expected from the launch of ETH 2.0. Ethereum price is doddering at $554 following a minor retreat from new yearly highs at $584. The largest altcoin was catapulted extensively […]

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Polkadot ballistic breakout hits double-top pattern as correction looms

November 20, 2020 , , , , , , Eddy 0

Polkadot leads recovery in tandem with Bitcoin’s recovery above $18,000. DOT/USD stares into a potential correction following the formation of a double-top pattern. Polkadot is the biggest gainer among the top ten, mainly following Bitcoin’s footsteps, which recovered above $18,000 on Friday. Recently the token embraced the buyer congestion at $3.6, bringing back stability after […]

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Bitcoin prepares for the ultimate upswing to $20,000; here is what to watch out for

November 20, 2020 , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin Cash has sustained the uptrend, breaking multiple supply zones within an ascending parallel channel. BTC/USD must close the day above the channel’s middle boundary to avert potential losses and retain focus on $20,000. Bitcoin is in a self-made bullish cycle after breaking multiple key barriers and flipping them into crucial support areas over the […]

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Litecoin bulls regaining control after crucial support, but on-chain metrics reveal immense resistance ahead

November 19, 2020 , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Litecoin rebounded from crucial support between $68 and $70 but has stalled under $75. LTC/USD is likely to settle for consolidation between $68 and $75 ahead of a potential breakout. Litecoin price hit a barrier marginally under $80 following a 23% spike in just two days. The sixth-largest cryptocurrency retreated to establish and confirm support […]

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Bitcoin on the verge of a 7% downswing before resuming the uptrend to $20,000

November 19, 2020 , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin slides beneath $18,000 after rejection at $18,500, hunting a formidable support. BTC/USD is supported immensely from the on-chain perspective, but technical analysis highlights the 50 SMA as the initial key anchor. Bitcoin has retreated considerably from the recently traded new yearly high of $18,502. Buyers had hoped to establish support above $18,000 but were […]

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Chainlink holders patiently waiting for the ultimate liftoff to $18

November 18, 2020 , , , , , , , , , , , , , , , , , Eddy 0

Amount of LINK held by top-non exchange holders at a near all-time high as price breaks above $14. LINK/USD is largely in the hands of the bulls but higher support above $14 is need for the final leg up to $18. Chainlink finally stepped above the crucial level at $14. The impressive price action followed […]

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