TA: Bitcoin Struggles To Hold Key Support, What Could Trigger More Downsides
Bitcoin price failed to clear $48,000 and corrected lower against the US Dollar. BTC is likely to extend its decline if it breaks the $45,000 support zone. Bitcoin started a fresh decline after it failed to clear the $48,000 resistance. The price is now trading below $47,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $46,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to extend its decline if it fails to stay above the $45,000 support. Bitcoin Price Corrects Lower Bitcoin price made....
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Avalanche (AVAX) struggles to hold above key support that will set the tone for a rally to the $40 mark region anticipated by many. The price of Bitcoin (BTC) saw a retracement as it could not break and hold above important support that corresponds with the daily 50 exponential moving average (EMA). BTC’s unable to hold that region has led to AVAX struggles to form good support. Avax Weekly Chart Analysis The weekly chart for Avax shows a downtrend reversal to a low of $16.3, where buyers were more willing to step into the market. The chart shows the price of Avax needs to break and....
Ethereum failed to surpass $2,600 and started a fresh decline against the US Dollar. ETH price is holding the $2,400 support, but it is likely to face sellers near $2,550. Ethereum made two attempts to gain strength above $2,625, but failed. The price is now trading well below $2,550 and the 100 hourly simple moving […]
Ethereum failed to clear the $3,280 resistance and corrected lower against the US Dollar. ETH price must stay above $3,140 to avoid more downsides in the near term. Ethereum seems to be facing a strong resistance near $3,280 and $3,300. The price is now trading below $3,200 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,185 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue lower if it fails to stay above the $3,140 support zone. Ethereum Price is Facing Hurdles Ethereum made another attempt to....
Bitcoin has been struggling to hold above $17,000, despite this being an important price level for the cryptocurrency Where it trends next will depend largely on whether or not bulls can continue building support at this level So far, each dip below it has been met with intense buy-side support that has allowed it to ascend Where it trends next will likely depend largely on its imminent price action It is important to note that […]
Ethereum price extended its downside against the USD, and moved below $7.00. However, the ETH/USD pair has now reached a monster support just above $6.00. Key Highlights. ETH price collapsed further against the US Dollar and Bitcoin, and reached a monster support around $6.20-40. There are two bearish trend lines formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which may act as a resistance if the price recovers. No doubt, the price has reached a major turning points or we may call it as make it or break it levels. Ethereum Price Support to Hold Downsides? ETH price failed....