Bitcoin Lacking Bullish Momentum, But 100 SMA Could Trigger Upside Break
Bitcoin price is showing early signs of a bullish break above $10,800 against the US Dollar. BTC could continue higher as long as it is above the 100 hourly SMA. Bitcoin is struggling to gain bullish momentum, but it slowly moved above the $10,800 resistance. The price is now above the 100 hourly simple moving […]
Related News
Bulls and bears are still fighting over where to take bitcoin price next, as a break from this consolidation pattern would confirm which side wins. Bitcoin Price Key Highlights. Bitcoin price has formed lower highs and higher lows, creating a symmetrical triangle on its 4-hour time frame. Price is currently testing the triangle resistance and waiting for more bullish momentum to trigger an upside break. Technical indicators are giving mixed signals at the moment but a breakout could provide longer-term direction for bitcoin trading. Technical Indicators Signals. The 100 SMA is above the....
Bitcoin price is pulling up from its slide but might be ready to trend lower upon testing the resistance. Bitcoin Price Key Highlights. Bitcoin price is trading in a downtrend, moving below a descending trend line on its daily time frame. Price is gearing up for a test of the trend line and could be ready to resume the selloff soon. However, technical indicators are suggesting that buying pressure might still be present. Technical Indicators Signals. The 100 SMA is still above the longer-term 200 SMA so the path of least resistance could still be to the upside. In that case, a break past....
The longer-term uptrend on darkcoin price looks set to resume, as the cryptocurrency has broken out of its consolidation pattern against the bitcoin. Looking at the daily chart of DRK/BTC from Cryptsy reveals an upside break from the descending triangle formation, confirming the uptrend continuation. Two green candles have closed above the descending triangle resistance and may show upward momentum until the previous highs at 0.0161 and beyond. Moving averages are indicating an upward crossover, which could add confirmation to the upside breakout and potential long-term rally. RSI is....
Ethereum started a steady increase above $3,050 against the US Dollar. ETH price could correct lower, but the bulls might remain active near $3,000 and $2,950. Ethereum extended its increase above the $3,100 and $3,150 levels. The price is now trading near $3,100 and near the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct lower towards $3,000 or even $2,950 in the near term. Ethereum Price Is Losing Pace Ethereum started a steady increase and settled....
Bitcoin price could be due for a test of the short-term resistance but additional volatility could trigger a breakout in either direction. The 100 SMA is below the longer-term 200 SMA so the path of least resistance is to the downside. This means that a downside break from the consolidation pattern could be seen, taking bitcoin price on a longer-term selloff if a long red candle forms below $450. In addition, stochastic is heading down from the overbought area so price might follow suit if bearish momentum continues to pick up. RSI is on middle ground but appears to be turning lower to....