XRP price bounces to $0.72 but still risks new lows in April — Here's why
XRP risks plunging to $0.50 in April as it breaks out of a classic bearish continuation structure. Ripple's XRP took a break from its prevailing downtrend as its price rebounded from $0.68 to $0.72 in the last three days.Ripple scores vs. SECTraders returned to buying XRP after a U.S. court denied the U.S. Securities and Exchange Commission's (SEC) request to shield internal documents related to June 2018 speech made by its former director William Hinman wherein he said Bitcoin (BTC) and Ether (ETH) are not securities.To recap, SEC filed a lawsuit against Ripple, a San Francisco payment....
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Bitcoin has undergone a strong bounce since the Monday lows of $13,200, set in a rapid crash lower that liquidated millions. The price of the leading cryptocurrency currently is $13,750, up over $500 from the aforementioned lows. On the day, Bitcoin is up 1.5%, outpacing a majority of altcoins including Ethereum but somewhat underperforming the […]
Bitcoin has continued its decline since starting the week with a bearish breakout from the weekend consolidation range seen in the 1H chart. During the April 14th session, price fell to about 216 before the global April 15th session began. As we can see in the 1H chart, there is a bullish divergence between price and the RSI (A bullish divergence occurs when price makes lower lows but the RSI makes higher lows). This suggests a shift in momentum, or at least a deceleration, which can be a sign of upcoming consolidation or bullish correction. Bitcoin (BTCUSD) 1H Chart April 15. The 1H chart....
At the beginning of the April 15 session, we noted a bullish divergence in bitcoin, in the 1H chart. This is when price makes lower lows and the RSI makes higher lows. This does not always signal a reversal, but it reflects a slowdown in the bearish momentum and can often lead to some degree of consolidation if not bullish correction. Bitcoin (BTCUSD) 1H Chart April 16. The 1H chart shows that indeed after the 3-point divergence, price started to rally. Then, it failed to test the lows around 216-217 and held above 220 for the most part. By the start of the April 16 session, bitcoin....
On Monday morning, Bitcoin plunged lower despite a rally in the price of equities. The price of the leading cryptocurrency currently is $13,700, around $500 above the daily lows at approximately $13,200. Analysts are divided over what comes next for Bitcoin in the short term. Some think that the cryptocurrency is likely to continue its […]
Analysts still expect Ethereum to hold its long-term bullish bias on bets that its highly-anticipated technical upgrade this year will be successful. Ethereum's native token Ether (ETH) has dropped by nearly 20% in the last three weeks, hitting monthly lows near $2,900 on April 19. But despite rebounding above $3,000 since, technicals suggest more downside is possible in the near term, according to a classic bearish pattern.Ethereum price 'bear flag' setup activatedDubbed "bear flag," the bearish continuation signal appears as the price consolidates higher inside an ascending parallel....