TA: Bitcoin Price Faces Hurdle, Why 100 SMA Is The Key
Bitcoin price corrected lower and tested $59,500 against the US Dollar. BTC is recovering losses, but upsides might be capped above $63,250 in the near term. Bitcoin declined below the $63,200 and $62,000 support levels. The price is now trading below $62,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $61,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady increase if there is a close above the 100 hourly SMA and then $63,250. Bitcoin Price Faces Resistance Bitcoin price....
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Ethereum price remained stable above the $3,400 resistance zone. ETH again tested $3,500 and seems to be struggling to continue higher. Ethereum is holding gains and struggling near the $3,500 zone. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $3,500 and $3,550 resistance levels. Ethereum Price Faces Key Hurdle, Can It Continue Higher? Ethereum price remained in a bullish zone above the $3,350....
Ethereum price has started a recovery against the US dollar, but it faces a major resistance on the upside, making buyers nervous. Key Highlights. Ethereum price started a recovery against the US Dollar, and found support just above $9.00. There is a monster bearish trend line formed on the daily chart of ETH/USD (data feed via SimpleFX), which may act as a resistance. The 100-day simple moving average is also on the upside to act as a hurdle for the ETH buyers. Ethereum Price Upside Hurdle. ETH price after a crash towards the $9.20 level against the US Dollar found support, and started....
Litecoin price recovered well after a major drop. However, the bulls have a job on their hand, as LTC/USD faces a major resistance areal. An important resistance Level is at $3.25. Litecoin price managed to trade higher against the US dollar and was mostly seen consolidating below a major resistance area of $3.25-30. There is a confluence area forming around the stated levels, as there is a bearish trend line on the 4-hours (data feed via Bitfinex) positioned. Moreover, the 61.8% Fib retracement level of the last drop from the $3.40 high to $3.00 low is also aligned near it to increase the....
Ripple started a strong recovery wave above the $0.2500 and $0.3000 levels against the US Dollar. XRP price is currently facing a strong resistance, but dips might be limited below $0.2500. Ripple started a fresh upward move after forming a support base near $0.2150 against the US dollar. The price is now trading well above […]
AAVE shows that the price is steadily rising as the coin’s bullish streak makes noise in the market. AAVE price is raging bullish today with its steady climb to $109 resistance level The coin faces hurdle at $113.50 AAVE/USD pair support is spotted at $97.91 The AAVE/USD price saw a boost of 12.02% compared to the figures yesterday as the market spikes to $109.99 from yesterday’s $105. Related Reading: Cosmos Hub Soars Over 5% Within 24 Hours – ATOM Up 13% In Last Week AAVE Resistance Spotted At $113.50 According to CoinMarketCap, AAVE has plunged by 0.18% as it trades at $109.87 as of....