Hot Topics

Advertisement

Advertisement

Cardano (ADA) Hits A New Low, Down 90% From All Time High

Cardano is now down 90% from its all time high after hitting a new low yesterday that knocked the price down to $0.117 as can be seen on the ADA/USD daily chart above. The last time Cardano (ADA) dropped to this level, it rallied back to the test the upper limit of the triangle. However, this time that does not seem likely. Cardano (ADA) will most likely fall below the dotted line to test the bottom of this triangle. A short term recovery can be expected given that RSI and Stochastic conditions are now oversold. However, the EMA alignment continues...

Read More

Ripple (XRP) Is Down 88% From ATH, Correction Might Soon Be Over

Ripple (XRP) continues to remain weak even as the overall cryptocurrencies market shows signs of recovery. Most top 20 coins are currently in the green now. XRP/USD is down 3.4% in the last 24 hours. This overextended correction has now dragged the price of Ripple (XRP) all the way down to −88%. This makes Ripple (XRP) one of the worst performing coins year to date, since the beginning of the correction in January. Trading volume for Ripple (XRP) is now hovering around $250 million. Overall sentiment towards Ripple (XRP) continues to be slightly positive as the number of Ripple (XRP)...

Read More

Ethereum (ETH) Likely To Find Bottom By End Of August

Ethereum (ETH) seems to have found a bottom against Bitcoin (BTC) according to the ETH/BTC weekly chart above. The price action has so far respected the long term trend line since before 2016. Ethereum (ETH) has now completed three cycles against Bitcoin (BTC). The first cycle was the longest and third the shortest. It is likely that the cycle that follows after this might be a big one and could extend all the way to Q1 of 2019. RSI looks favorable for a run up as it is likely to soon break out of the triangle it is trading it....

Read More

Bitcoin (BTC) Is Not Starting A New Cycle Before It Comes Down To $5,800 Again

Bitcoin (BTC) is not starting a new cycle before it falls down to $5,800 again. In order for Bitcoin (BTC) to begin a new cycle, it has to find a bottom first. So far, the price has marked lower highs and lower lows since the beginning of this correction as can be seen on the daily chart for BTC/USD above. If Bitcoin (BTC) had already found a bottom, then it would have been possible to break the downtrend at this stage and start a new cycle. This is because most technical indicators are already in oversold territory and a trend...

Read More

Ethereum Classic (ETC) Likely To Trade North Of $200 By End Of 2018

Ethereum Classic (ETC) looks more bullish than any other coin at the moment. The reasons are not solid fundamentals and positive developments alone. The above weekly chart for ETC/BTC shows something that you would not find on the chart of any other top 20 coin. Ethereum Classic (ETC) reached its ATH against Bitcoin (BTC) in June 2017. After that, it has been correcting for more than 12 months now! That means it missed out on the January bull run that you would find on the charts of most cryptocurrencies. As the chart above shows, Ethereum Classic (ETC) barely moved against...

Read More