Hot Topics

Advertisement

Advertisement

Litecoin (LTC) Begins A New Cycle Against Bitcoin (BTC) But Still Risks A Fall Below $50

Litecoin (LTC) seems to have started a new trend against Bitcoin (BTC) as it has broken out of an important falling wedge against Bitcoin (BTC) on the LTC/BTC daily chart above. This falling wedge extends all the way to January this year when the correction began. Normally, this would be considered a big win for Litecoin (LTC) as the price is about to begin a new trend which after an extended correction is expected to be a bullish one. However, RSI analysis for Litecoin (LTC) presents a completely different picture which also brings us closer to reality and demonstrates that...

Read More

Ripple (XRP) Correction Might Finally Be Over As Price Finds Support At 200 Week EMA

Ripple (XRP) has finally found support above the 200 week EMA as shown by the XRP/BTC weekly chart above. This might seem trivial considering Ripple (XRP) has broken a serious of EMAs during the past few months without putting up a fight. However, this time around, Ripple (XRP) seems to be completing a cycle in addition to finding a strong support. The previous cycle for Ripple (XRP) lasted a total of 273 days. If this cycle is to last for a similar duration of 273 days then this would be the final week in red for Ripple (XRP). The chart...

Read More

Cardano (ADA) Loses 95% Of Its Value Since January ATH, Further Downside Unlikely

Cardano (ADA) has now lost 95% of its value since its all time high of January. The above weekly chart for ADA/BTC shows that Cardano (ADA) which until now has been trading in a pitchfork as well as a falling wedge is now at the end of its correction. RSI for the above chart has also been trading in a falling wedge and is now at the point of a break out as it has reached the full extent of its movement. However, the price chart shows that there is still room for one wave down. If that were to...

Read More

Bitcoin (BTC) Falls Back To Trend Line But Will It Fall Further?

Chart for BTC/USD (1W) Bitcoin (BTC) has not had a fall this aggressive since June 2018. Yesterday, the price of Bitcoin (BTC) nosedived in a matter of hours on what seems to be insignificant news.  Apparently, the cause of this dump was Goldman Sach’s announcement that it is scraping off its crypto trading desk for now. The market reaction to this is completely unreasonable given the fact that it is nothing out of the ordinary for a financial institution to pull away resources from a market with low trading volume. This does not mean that Goldman Sachs would never get...

Read More

Stellar (XLM) Awaits Breakout As Price Fails Again To Breach Resistance

Stellar (XLM) seems to be at a stage where it is just waiting for the rest of the market to recover. The weekly chart above for XLM/USD shows that the price has already closed four candles below the 21 Week EMA and could now close the fifth candle below the 21 EMA as well. This means that Stellar (XLM) has had its correction and the price is now range bound, waiting for the rest of the market to recover. Stellar (XLM) has a history of consolidating candles on the weekly time frame before a break out occurs. This break out...

Read More