TA: Bitcoin Could Restart Increase If The Bulls Clear This Resistance
Bitcoin is consolidating above the $20,000 zone against the US Dollar. BTC must clear the $20,800 resistance to restart increase in the near term. Bitcoin corrected gains and tested the $19,800 support zone. The price is now above the $20,000 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $20,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $20,550 and $20,800 resistance levels. Bitcoin Price Faces Resistance Bitcoin price failed to gain pace above....
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Bitcoin price is eyeing a fresh increase toward the $28,500 resistance. BTC could start a strong increase if it clears the $28,500 resistance zone. Bitcoin is holding gains and showing positive signs above the $27,450 zone. The price is trading above $27,800 and the 100 hourly Simple moving average. There is a short-term declining channel forming with resistance near $27,980 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could soon revisit the $28,500 resistance zone in the near term. Bitcoin Price Aims Higher Bitcoin price started a downside correction after it....
Cardano (ADA) is moving higher from the $0.350 support. ADA could rally if there is a clear move above the $0.388 and $0.395 resistance levels. ADA price is moving higher above the $0.375 pivot level. The price is trading above $0.380 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.370 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could accelerate higher toward the $0.420 level or even $0.450. Cardano Price Rally Could Soon Restart After a steady increase, Cardano saw a downside correction from the....
Ethereum struggled to gain momentum above the $3,200 resistance against the US Dollar. ETH price is correcting gains, but it might find support near $3,030. Ethereum started a downside correction after it spiked towards the $3,240 level. The price is still trading above $3,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,160 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $3,030 and $3,000 to start a fresh increase in the near term. Ethereum Price Remains Supported Ethereum remained well bid....
XRP price is correcting gains from the $0.585 resistance against the US Dollar. The bulls are active near $0.550 and might soon initiate a new rally. XRP started a strong increase above the $0.55 resistance. The price is now trading above $0.525 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.5520 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might correct further lower, but the bulls could remain active near $0.5320. XRP Price Holds Ground After forming a base above the $0.478 level, XRP started a....
Ethereum gained pace above the $1,600 resistance against the US Dollar. ETH is showing positive signs and might even clear the $1,700 resistance. Ethereum started a major increase and settled above the $1,600 level. The price is now trading above $1,650 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $1,655 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear $1,700 to continue higher towards $1,735 in the near term. Ethereum Price Gains Momentum Ethereum formed a base and started a major increase above....