Hot Topics

Advertisement

Advertisement

Cardano (ADA) Enters Strong Bear Trend, Price Unlikely To Break Above $0.11 Before September

Cardano (ADA) is now down more than 90% since its all time high but that has not stopped it from entering a new bear trend. The price just broke below the 21 EMA on the 4H chart for ADA/USD above. Having already broken below the 50 EMA, Cardano (ADA) was expected to find support at the 21 EMA but the price failed to hold its ground and broke below it. Furthermore, the 21 EMA has now become a strong resistance for Cardano (ADA) which means the RSI is likely to break out of the falling wedge at this point. If...

Read More

Ripple (XRP) Finds Support At 21 EMA, Price Enters Ascending Channel

Ripple (XRP) has finally entered an ascending channel after a prolonged period of bearish momentum. The price has now found support above the 21 EMA and is likely to continue trading upwards in the ascending channel. RSI for the XRP/USD 4H chart above is now all set to break out of the triangle it has been trading in for the past few days. EMA alignment continues to remain bearish but there is hope of a trend reversal at this point. The price has formed a series of higher highs and higher lows over the past few days on the 4H...

Read More

Why Bitcoin (BTC) Might Still Hit $60,000 By July 2019

Bitcoin (BTC) has been trading in a series of rising wedges as can be seen on the monthly chart for BTC/USD above. The price reached a target of $1,000 in late 2013 and then began to fall. During that fall, the price broke out of the falling wedge to consolidate before continuing upwards to prepare to enter another falling wedge. From late 2015 to until now, the price has been preparing to enter another falling wedge. Bitcoin (BTC) is just about to enter another falling wedge before the beginning of September this year. The last time Bitcoin (BTC) entered a...

Read More

Why Ethereum Classic (ETC) Might Continue To Outperform Ethereum (ETH) In The Years To Come

Ethereum Classic (ETC) just got listed on Coinbase but the price has refused to budge. The weekly chart above for ETC/XBT shows that Ethereum Classic (ETC) did rise in the week the listing was due but the price failed to rise after the actual listing. This means one of two things. Either there is no real interest at the moment as the market is bearish and interest in cryptocurrencies has been on a steady decline since the correction. Another reason could be whales trying to manipulate the price so as to accumulate all they can at lower prices. Bitcoin (BTC)...

Read More

Ripple (XRP) Finds Bottom At $0.25, Price Surges On News Of ‘Partnerships’

Ripple (XRP) is one of the few cryptocurrencies to have completed a correction of more than 90% since its all time high. The price has settled just above the $0.25 mark which seems to be a bottom as indicated by the Vix diagram on the above weekly chart for XRP/USD. Wave trend analysis for the chart above shows that the price has likely bottomed out and is now preparing for a bullish breakout in the weeks ahead. Previously, Ripple (XRP) had surged on what has been speculation for the most part as announcements and news of ‘big partnerships’ every second...

Read More