Bitcoin Trading Holding The Line
Bitcoin trading is holding to a straight and narrow price path. There have been no significant new highs or lows, and we wait for a more confident mood to set traders in a direction. The most obvious feature of the current chart is that trade is swinging price around the ascending red Fib line. Buyers have quickly pushed price above the Fib line on each occasion that it had fallen below. If the bulls capitulate and buy price higher from its current position at the Fib line, then they will strengthen the chart for continuing advance. If price returns below the Fib line then we may be in for....
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Bitcoin price is holding to a previous chart structure after finding support near 2900 CNY and $440. The 1hr 200MA has provided the support discussed in yesterday’s analysis. Currently price is holding an advancing line around the advancing Fib line that has defined price action for the past several weeks. Although the chart looks to be advancing we await a Buy signal before opening any position in the chart.
Key Highlights. Litecoin's price corrected sharply higher this past week, and is following a nice bullish trend line on the 2-hour chart (data feed from HitBTC). As long as the price is above the trend line, there is a possibility of a move towards $4.00-20. There is another support trend line formed on the hourly chart (price feed from Bitfinex), which is helping buyers to take the price higher. Litecoin's price recovered after trading as low as $3.50, and is currently trading above an important support area that holds the key moving ahead. Trend Line Support. Litecoin price slowly....
Ethereum price is currently trading below a resistance trend line and struggling to break it. If the ETH bulls succeed, it may call for an upside move. Key Highlights. ETH price continued to challenge an important resistance area against the US Dollar, but failed to break it. There is a bearish trend line as highlighted yesterday on the hourly chart (data feed via SimpleFX) of ETH/USD, which is acting as a resistance. The pair is slowly stabilizing, and may attempt another break of the trend line resistance. Ethereum Price Hurdle. Ethereum price remained above a major support area against....
Yahoo Japan and Line, a messaging giant, aims at enabling NFT trading on the Line’s blockchain. The messaging giant announced that its subsidiary dealing in crypto “LVC” would work with the Japanese internet company to facilitate the secondary trading on Non-Fungible tokens on its proprietary blockchain. Yahoo And Line Partnership We gathered that the internet […]
Litecoin rises 1 percent to $3.060 as buyers rush to enter the cryptocurrency near the strong support level marked in the chart below. With this, Litecoin has also averted the risk of an immediate downfall but it would be going too far to say that the cryptocurrency is out of the woods. Let us discuss the updated technical levels and the chart structure required to make informed trading decisions. Litecoin Chart Structure - The range is closing in on Litecoin; the support line is upward sloping while the resistance is a near-perfect horizontal. Two important levels from a trading....