“Ichimoku Cloud” Hints Bitcoin is Finally Recovering From a Crucial Area
The Ichimoku Cloud is a momentum indicator often used in technical analysis to gauge an asset’s trend. It is currently indicating that Bitcoin (BTC) is healthily recovering from an important support area. The cloud in the Ichimoku indicator is best described as a support line. If an asset goes too far high up the cloud, […]
Related News
Ethereum classic price moved below the 0.00100BTC support area, and currently recovering. Can ETC/BTC gain further in the short term? Key Highlights. Ethereum classic price finally made a new low and broke the most awaited target of 0.00100BTC. This is a new bearish trend line formed on the hourly chart (data feed via Simplefx) of ETC/BTC, which is currently acting as a resistance. The price is also below the 100 hourly simple moving average, which is acting as a hurdle for the buyers. Ethereum Classic Price Resistance. ETC price finally moved down and created a new monthly low versus the....
Bitcoin price is showing a lot of positive signs. If the current break in BTC/USD is not false, then more upsides are possible in the short term. Bitcoin price finally managed to pop higher, and the biggest positive was the fact that BTC/USD moved above a major resistance area of $420. Once the price broke the stated level, there was a spike towards $427, which clearly shows how important was the resistance zone. The price is currently correcting and moving down, but the bears have to be careful if they are planning to sell BTC versus the USD. There is a crucial bullish trend line formed....
The price of Bitcoin is on the verge of having its highest monthly close ever but bulls must still break through $14K for a shot at a new all-time high. Bitcoin (BTC) price is undoubtedly having an impressive year after crashing to $3,700 in March but then rallying to $14,000 in the following months. Now BTC has reached the highest point since January 2018 as the price touched $14,100. Thus, the likelihood of the new bull cycle is heavily increasing as the price of Bitcoin continues to make new higher highs and higher lows. What's more, the strength is even seen while the U.S. Dollar....
Ethereum classic price moved down against Bitcoin, and formed a new weekly low. ETC/BTC currently remains under selling pressure. Key Highlights. Ethereum classic price remained in a downtrend against Bitcoin, and it looks like it may continue to move down. Yesterday’s highlighted crucial bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) continued to act as a resistance area. The price traded below an important support area of 0.0030BTC, which is a bearish sign in the short term. Ethereum Classic Price Decline. Ethereum classic price ETC continued to face sellers....
Ethereum price declined during the past 24 hours against the US Dollar. Can this be the last decline before a reversal? Key Highlights. ETH price fell further against the US Dollar and formed a new low of $11.14 for this week. Yesterday’s highlighted resistance area in the form of a channel pattern on the hourly chart (data feed via SimpleFX) of ETH/USD acted as a perfect resistance. The pair remains below a crucial resistance, which can be a hurdle for a recovery. Ethereum Price Resistance. Ethereum price struggle to clear the $11.50-60 resistance area continued this week. My yesterday’s....