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Ethereum Classic (ETC) Correction Draws To An End, Bulls Take Control

Ethereum Classic (ETC) has finally completed its correction. The weekly chart for ETC/USD shows that the price has already begun to rally and is now struggling to break past the 5 Week EMA. This struggle is going to continue for quite some time which is why we are not likely to see a series of bull runs or exuberant rallies just yet. In fact, it is going to be a long time before we see Ethereum Classic (ETC) rallying towards its all-time high. Before all of that, we are going to see a long period of accumulation where the price will...

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Ripple (XRP) Bulls Stand Up To Bears But Descending Channel Is Yet To Be Broken

Ripple (XRP) bulls have finally stood up to the bears and denied continuation of the downtrend, at least for now. This resistance to downtrend continuation has come at a point where Ripple (XRP) has to make it or break it. It is Ripple (XRP)’s last chance to break out of its yearlong descending channel failing which it will have to fall back towards the bottom of this channel. Ripple (XRP) bulls being aware of this are stepping up to defend against a fall below the short term ascending channel seen on the 4H chart for XRP/USD. The price is also...

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Bitcoin (BTC) Rally Remains At The Mercy Of Euro (EUR/USD)’s Next Move

Bitcoin (BTC) is all set to begin the New Year with a strong rally but certain ground realities alleviate its enthusiasm. This is because Bitcoin (BTC) on its own is no different than a nascent stock in an emerging market. Sure, there is a lot of potential but there is also a lot of risk. So, investors have to look towards bigger markets to see whether they want to or do not want to invest in something as risky as Bitcoin (BTC). There is no denying that if the stock market were to collapse in the near future, Bitcoin (BTC)...

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Ripple (XRP) Has Topped Out Again, Retest Of Yearly Low Expected

Ripple (XRP) has topped out once again, for the third time since the beginning of the bear market. In light of other overbought conditions for XRP/USD, this is a strong sign that Ripple (XRP) is prepared for further downside. The price could retest the yearly low to say the least. There is a strong possibility that the price may end up falling even lower than Ripple (XRP)’s yearly low of August, 2018. XRP/USD is currently trading in a descending channel that extends all the way to January, 2018 when Ripple (XRP) entered the bear market. At every stage, we saw...

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Ethereum (ETH) Rally Halts After A Strong Rejection At The 61.8% Fib Level

Ethereum (ETH) rally has come to a halt after the price faced a strong rejection at the 61.8% Fibonacci retracement level. This resistance was expected to hit ETH/USD hard because it could push the price into a descending channel. As we can see, this resistance level at $140.93 has now become a confluence of resistances. Apart from the Fibonacci resistance, there is another strong support turned resistance. When Ethereum (ETH) fell below the trend line (shown in yellow) around 27th Dec, this support line turned into a resistance line. The price has struggled to break past this resistance line in the last...

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