Bitcoin Price Making Bullish Moves
Bitcoin price has spent several weeks near a chart support floor without making progress to the downside. Over the weekend, a change in price action has price approaching the 200MA in the 1-hour chart. A bullish sign and potentially a change in direction in the chart. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 18h34 UTC. Bitfinex 1-Hour Chart. Also Read: Why The Preference For BTC-China Charts In Analysis? From the analysis pages....
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Ethereum Price Key Highlights. Ethereum price moved higher and managed to settle above a major resistance area of 0.00250BTC. The price is under a bullish pressure, and it is likely that we may witness more upsides in the near term. There is a major bullish trend line formed on the hourly chart, which can be seen as a buying zone. Ethereum price traded higher and it looks set for more gains moving ahead as buyers managed to clear a major hurdle. 0.00250BTC as Support. The Ethereum price gained heavily recently, as sellers failed to take the price below 0.00150BTC. There was a solid upside....
Ethereum price after dipping a few points towards $9.20 found support. It looks like ETH/USD is struggling to gain pace in the short term. Ethereum price ETH showed no signs of bullish moves, and continued to trade in a tiny range. It looks like the ETH bulls are not able to find a solid reason to take the price higher. We can say that ETH/USD is currently directionless and it may continue to trade in a range in the short term. There are a couple of bearish trend lines formed on the hourly chart (data feed via Kraken) of ETH/USD, which may ignite moves. The price just moved above the 100....
TRX price could be ready for a short-term relief rally as the price breaks out from the downtrend, creating more bullish sentiment for a recovery. TRX looks strong on both low and high timeframes. The price of TRX breaks out on the daily timeframe after forming a descending triangle. Tron (TRX) has struggled to remain bullish against tether (USDT) after seeing its price rejected from a region of $0.11 on several occasions to trend higher. Tron (TRX), despite being loved by the Tron community, the token has had its fair share of the current bear run coupled with the rumors of its....
Last week’s article stated: The price ran right up into that resistance area, reaching a high of ~US$295 before retreating to its current price of ~US$285. It should find near term support at US$280. As price has risen, a bullish crossover occurred between the 50 & 100 day EMA’s, which gives further support the bullish trend. Although to get really bullish, the 50 day EMA needs to be above the 100 day EMA, which needs to be above the 200 day. That’s a real bull trend in the making. “If price gets back above US$270 and takes out US$273, a run for the US$290-$300 area is the next target.....
The general sentiment in the market has flipped bullish, as Bitcoin moves into the mid-range of its current levels. The first cryptocurrency by market cap has been making its way back from the lows and trades at $35,375 with a 10.5% in the weekly chart. In the coming days, further appreciation seems probable if BTC’s […]