XRP Coils For A Breakout, But Key Resistance Still Stalls The Rally
XRP remains in a holding pattern, according to the latest chart analysis shared by crypto analyst @CasiTrades. Despite a relatively subdued weekend, XRP continues to trade above critical support levels, indicating that the current bullish structure has not been invalidated. XRP Price Remains Bullish A closer look at the 4-hour XRP/USD chart by @CasiTrades shows two converging trend lines that have formed a symmetrical triangle spanning from mid-January to mid-March. XRP’s price action has respected both the upper and lower boundaries of this formation until early March. Related Reading:....
Related News
Since making a low on the month just above 216 bitcoin rebounded to 230 and start coiling as we can see in the 1H chart. Towards the end of April 21st session, btcusd started to uncoil upwards. Let's take a look at the charts: Bitcoin (BTCUSD) 1H Chart April 22. As we can see in the 1H chart, bitcoin not only broke above a triangle, it also charged above the 230 resistance. There was strong volume, and the 1H RSI popped up above 80. The price action suggests that the bullish breakout is very likely to extend. In the very near-term however, the RSI is overbought, so we can expect some....
Here's a look at what we are focusing on in the bitcoin price this morning. Well, we asked for a bitcoin price breakout, and a breakout we got. The chart below illustrates it nicely, and we’ll get to that and our key levels shortly, but first, a bit of background. Price has been relatively flat for the past week or so, trading sideways within a circa ten dollar rage defined by 740-750 or thereabouts. In our twice daily analyses, we’ve noted on a couple of occasions that there’s only so much sideways trading we can do, and price generally coils up for a breakout when action looks as it did....
The bullish outlook appears as ETH’s price decline stalls near its old cup-and-handle resistance level, now acting as support and thus raising the potential of a strong rebound ahead. Ethereum’s native asset, Ether (ETH), may rebound by nearly 60% in the coming sessions as bulls pin their hopes on a classic bullish continuation pattern.Prices may rise to or above $6,500 from their current levels near $4,100 after completing a cup-and-handle formation, hinted Matthew Hyland, an independent on-chain analyst, in a tweet published Monday. A perfect cup and handle retestHyland’s chart shows....
Litecoin price is up over 5% and it broke the main $80.00 resistance against the US Dollar. LTC is showing positive signs and it could continue to rally towards $90.00 or $95.00. Litecoin started a strong increase above the $74.00 and $75.00 resistance levels against the US Dollar. The price broke the main $80.00 resistance […]
Ethereum price rallied above the $1,700 resistance against the US Dollar. ETH struggled near $1,750 and is currently correcting gains. Ethereum gained momentum above the $1,660 and $1,670 levels. The price is trading above $1,700 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $1,650 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now correcting gains from the $1,750 resistance. Ethereum Price Rally Stalls Ethereum’s price was able to start a decent increase from the $1,620 zone. ETH formed a base and....