TA: Bitcoin Price Could Recover If It Holds This Key Support
Bitcoin extended losses and traded below $19,600 against the US Dollar. BTC could start a recovery wave if it stays above the $19,300 support zone. Bitcoin remained in a bearish zone and settled below the $20,000 level. The price is now trading below the $19,600 level and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $19,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a recovery wave if it stays above the $19,300 support zone. Bitcoin Price Reaches Key Support Bitcoin price started a fresh....
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Cosmos (ATOM) has maintained so much bullish sentiment topping the charts in the crypto space; despite pullbacks across the market, Cosmos (ATOM) would recover with good volume and rally higher. The price has been faced with resistance on the weekly chart and has shown weakness as much doubt sets in if the price can reclaim the price of $20. (Data from Binance) Related Reading: Terra Dries Up As LUNA Sheds 40% From Recent High Cosmos (ATOM) Token Price Analysis On The Weekly Chart ATOM saw a decline in its price from $45 to around $6, with an over 70% drop from its all-time high despite....
Ethereum price faced a lot of selling pressure and moved down. However, the $10.00 support area holds the key and may produce a bounce. As mentioned, Ethereum price failed to recover yesterday, and continued to move down against the US Dollar. A new weekly low of $10.00 was formed, which provided support to ETH/USD. The price is currently making an attempt to trade higher, but facing resistance near a bearish trend line formed on the hourly chart (data feed via Kraken). However, ETH has already moved above the 23.6% Fib retracement level of the last leg from the $11.90 high to $10.00 low.....
Key Highlights. Dogecoin'a price fell sharply recently and traded below the all-important support area of 30 satoshis (data feed from HitBTC). The broken support area is now acting as a resistance for the price and stalling a recovery. The price is below the 100 hourly simple moving average, which is a sign that sellers are in control. Dogecoin's price moved lower and reached our sell target of 30 satoshis. Let's see how it trades moving ahead and whether it can manage to recover or not. Support Turned Resistance. We were anticipating a downward move in Dogecoin prices towards the....
Bitcoin price extended its decline below the $33,500 support against the US Dollar. BTC is now consolidating above $32,200, below which it could accelerate lower. Bitcoin started a fresh decline below the $33,500 and $33,200 support levels. The price is now trading below the $33,000 support and the 100 hourly simple moving average. There is […]
Rubycoin Price Key Highlights. Rubycoin price declined sharply recently to trade as low as 0.000100BTC where it found buyers. There was a sharp spike noted from the mentioned level which helped buyers to some extent. There is a bearish trend line formed on the hourly chart, which might act as a hurdle on the upside. Rubycoin price managed to recover sharply after a major decline, but it is trading below key pivot areas. Can buyers make it? The Rubycoin price was crushed recently as sellers managed to clear a couple of important support areas to take the price towards 0.000100BTC. There was....