Hot Topics

Advertisement

Advertisement

Crypto Price Analysis for Sept. 30: BTC, ETH, XRP, LTC, LINK

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The cryptocurrency market continues trading sideways. May assets are stuck between their respective support and resistance levels and the uncertainty will continue until one of them is broken. Moreover, on shorter timeframes of some assets, such as Ethereum, Litecoin, XRP, and Chainlink, prices are forming reversal patterns in favor of further growth. To complete them, there must be another descending movement, which may be followed by new rising waves. The key level for Bitcoin is $10,000: if bulls fail to protect this area, the next downside target may be at $8,000. This, in...

Read More

ETH/USD Higher on Technical Support at 351.38: Sally Ho's Technical Analysis 30 September 2020 ETH

Ethereum (ETH/USD) traded sideways early in today’s North American session as the pair appreciated to the 358.80 area after moving higher from the 351.38 area, an intraday low reached after selling pressure emerged around the 360.59 area during the Asian session.  This intraday high was just below the 100-bar 4-hourly simple moving average, and traders are observing that ETH/USD is now trading between the 100-bar 4-hourly simple moving average and the 50-bar 4-hourly simple moving average.  Traders are also observing that the intraday low was right around the 76.4% retracement of the recent appreciating range from 346.03 to 368.52.   Notably,...

Read More

359.22 is ETH/USD's Short-Term Hurdle: Sally Ho's Technical Analysis 29 September 2020 ETH

Ethereum (ETH/USD) recovered some lost ground early in today’s North American session as the pair appreciated to the 358.90 area after trading as low as the 350.19 area during the Asian session, just above the 349.82 area that represents the 78.6% retracement of the recent depreciating range from 353.14 to 337.63.   Traders pushed the pair as high as the 368.52 area during yesterday’s North American session before retreating lower with selling pressure intensified during the Asian session.  The 359.19 area represents the 50% retracement of the recent short-term depreciating range from 368.18 to 350.19, and the next upside retracement levels...

Read More

The KuCoin crypto Exchange was hacked for more than $150 million

Quick Take 1 minute read In a round of harrowing news, the KuCoin cryptocurrency platform has been hacked.  This means that more than $150 million worth of bitcoin and ethereum would drain from its hot wallets and be taken by the bad actors. In a round of harrowing news, the KuCoin cryptocurrency platform has been hacked. This means that more than $150 million worth of bitcoin and ethereum would drain from its hot wallets and be taken by the bad actors. Interestingly though, the price of these cryptocurrencies have not been affected by this attack.  The hack actually took place...

Read More

ETH/USD Technical Support With 347 Handle: Sally Ho's Technical Analysis 28 September 2020 ETH

Ethereum (ETH/USD) gained ground early in today’s North American session as the pair appreciated to the 368.52 area after trading as low as the 352.32 area during the Asian session, with the intraday high representing a test of the 23.6% retracement of the recent depreciating range from 384.61 to 363.00.  Prior to that low, the pair had traded around the 347.05 area over the weekend, a test of the 347.27 area that represents the 61.8% retracement of the recent appreciating range from 337.63 to 362.86.  Above current market activity, traders are monitoring the 375.30 and 377.10 levels as upside price...

Read More