Bitcoin Price Watch: Can BTC/USD Hold This?

Key Points Bitcoin price is consolidating below a key resistance at $7,555 against the US Dollar. There is a connecting bullish trend line forming with support at $7,390 on the hourly chart of the BTC/USD pair (data feed from Kraken). A break below $7,380 could trigger a major downward correction towards $7,100. Bitcoin price is

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Cardano Price Analysis: ADA/USD Approaching Key Support

Key Highlights ADA price surged towards the $0.2000 level before starting a downside correction against the US Dollar (tethered). There is a significant bullish trend line formed with support at $0.1700 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is correcting lower, but it remains well supported above the

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Ripple Price Analysis: XRP/USD Turned Bearish?

Key Highlights Ripple price broke a major support area near $0.4750 to move into a bearish zone against the US dollar. There is a key bearish trend line in place with resistance at $0.4700 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must move back above $0.4750 and the

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Ethereum Price Analysis: ETH/USD Facing Uphill Task

Key Highlights ETH price declined further and broke the $482 and $475 support levels against the US Dollar. There is a major bearish trend line formed with resistance near $475 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to move above the $475 and $480 resistance levels to move into

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Bitcoin Cash Price Analysis: BCH/USD Holding Key Support

Key Points Bitcoin cash price is holding an important support near $800 against the US Dollar. There is a contracting triangle forming with support near $805 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair has to move above the $830 and $840 resistances to gain traction in the near

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Ethereum Classic Price Analysis: ETC/USD Remains in Uptrend

Key Highlights Ethereum classic price corrected lower after trading as high as $18.37 against the US dollar. There is a significant bullish trend line in place with support at $17.10 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is currently holding the trend line support at $17.10 and the

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Bitcoin Price Watch: BTC/USD Correcting Gains

Key Points Bitcoin price started a downward correction after trading as high as $7,605 against the US Dollar. There was a break below a key ascending channel with support at $7,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The BTC/USD pair may perhaps correct further lower towards the $7,200 and

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Ripple Price Analysis: XRP/USD Testing Key Support

Key Highlights Ripple price made a nice upside move before facing sellers near $0.5245 against the US dollar. There was a break below a crucial bullish trend line with support at $0.4950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading near a major support zone at

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Ethereum Price Analysis: Can ETH/USD Hold 100 SMA?

Key Highlights ETH price started a major downside correction below the $500 level against the US Dollar. This week’s highlighted key bullish trend line was breached with support at $485 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading near the $470 support and the 100 hourly simple moving

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Bitcoin Cash Price Analysis: Can BCH/USD Hold This Support?

Key Points Bitcoin cash price started a downside correction and declined below $840 against the US Dollar. This week’s highlighted major bullish trend line was breached with support near $830 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently testing a crucial support near $800 and it remains

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