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Ethereum (ETH) Struggles To Break Past Strong Resistance

Ethereum (ETH) struggled to recover in the last 24 hours but a falling Bitcoin (BTC) has kept it on leash. The price started to take off and was supported by RSI conditions as well as the daily Stochastic, but weak overall market conditions resulted in a short lived rally. Considering most activity on weekends is often useless in markets like these, it is reasonable to expect that any gains made during the weekend could be wiped out in the days ahead. Ethereum (ETH) still looks bullish long term but short term; it has to fall back to the bottom of...

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Ethereum Classic (ETC) Poised To Breakout Sooner Than Anticipated

Ethereum Classic (ETC) has been on a roll for the past few weeks especially after the Coinbase announcement. The price shot up from $13 after what could be deemed as a game changing announcement, and has resisted falling back. Ethereum Classic (ETC) has made similar gains in the past but most of the time, those gains were short lived. In fact, Ethereum Classic (ETC) has been one of the worst performing coins in terms of investment until now. Some investors, mostly Ripple (XRP) fans believe that Coinbase no longer has the same type of clout that it did back in...

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Did Bitcoin (BTC) Just Make A Higher Low? This Could Be The End Of The Downtrend

Bitcoin (BTC) seems to have made a higher low for the first time since the beginning of the downtrend. The price is currently trading above $6,300. Every day the price of Bitcoin (BTC) stays above the $6,000 mark in the days ahead, market confidence is expected to increase by leaps and bounds. In fact, the recent development with a higher low (HL) appearing on the BTC/USD 1D chart is the first of its kind since the beginning of the year. This is a strong indicator that this correction might be coming to a close as further downside seems unlikely at...

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Ripple (XRP) Might Still Make Big Gains This Year

Ripple (XRP) had a catastrophic year so far. In late 2017 when Ripple (XRP) became so popular that it passed Ethereum (ETH) in market cap briefly and became a direct Bitcoin (BTC) competitor, Ripple (XRP) fans on most platforms were talking about how Ripple (XRP) could become the top cryptocurrency. Major news outlets started talking about how it is too early for decentralized cryptocurrencies to dominate the space and that Ripple (XRP), with the help of the banks and major financial institutions could dominate the space by becoming the largest coin by market cap. This was not just good old...

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Bitcoin (BTC): End Of The Line, Where To From Here?

Bitcoin (BTC) is at the end of the line. From this point onwards, it will have to break out of the triangle, be it to the upside or to the downside. The most likely scenario, considering all technical as well as fundamental indicators is that Bitcoin (BTC) will break out to the upside. Price action on the monthly chart also does not support a fall and close of a monthly candle below $6,000 as that would pave the way for a bear market. The squeeze momentum on the chart above also signals that a trend reversal might be around the...

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