TA: Bitcoin Hesitates Below $11,550, But Upside Break To $12K Seems Likely

Key Highlights. Dogecoin price after settling above an important resistance area consolidating in a tiny range. 68.0-69.0 Satoshis levels hold the key for more upsides in the near term. A break above 71.0 Satoshis might set the price for a move towards the last swing high of 77.0 Satoshis. Dogecoin buyers managed to take prices higher, but there was a lack of momentum which ignited a consolidation phase. Upside Break? During this past week, we followed a critical resistance area around 69.0-70.0 Satoshis for Dogecoin. There was an upside break during the end of week, which called for more....

Bitcoin price is attempting a fresh increase above $28,500. BTC is eyeing another upside break toward the $30,000 resistance in the near term. Bitcoin found support near $28,150 and started a fresh increase. The price is trading above $28,500 and the 100 hourly Simple moving average. There is a key rising channel forming with resistance near $29,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if there is a close above the $29,000 resistance. Bitcoin Price Eyes Upside Break Bitcoin price struggled below the $29,000 level. BTC even traded....

Unlike last week, when we tried to incorporate a range of technical charting patterns into our bitcoin price trading strategy, this week’s strategy has been pretty straightforward. When we see s sustained directional bias (in this case, to the upside) it’s often just a matter of stepping up the key levels with each new formation swing high, and rerunning the same approach – similar distance targets, tights stops, nothing too aggressive. In yesterday’s analysis we set up against a potential upside break, and overnight we got the break – not without a brief downside correction, however, but....

Ethereum classic price after diving yesterday found support at 0.0035BTC. Can ETC recover in the near term or will it move down? Key Highlights. Ethereum classic price collapsed against Bitcoin, as I was thinking and traded as low as 0.0035BTC. There was a bearish trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx), which was cleared recently to ignite a recovery. A recovery in ETC may not be easy, as buyers may face a lot of sellers on the upside. Ethereum Classic Price Resistance. Ethereum classic price ETC continued to move down against Bitcoin yesterday, and....

Key Highlights. Dogecoin price is trading near a major resistance area of 40.0 Satoshis, as buyers eye a break. The price is following a support trend line on the hourly chart, which may push the price to higher levels moving ahead. A break above 40.5-40.9 Satoshis is needed for an upside move towards 44-45.0 Satoshis. Dogecoin price looks poised for an upside move likely towards 45.0 Satoshis, if sellers fail to defend the 41.0 Satoshis resistance area. Dogecoin Price Hurdled By Resistance at 41.0 Satoshis: There were a few positive signs witnessed last week throughout Dogecoin's charts,....