Weekly Cloud Indicator: XRP May Rain Down Pain On Ripple Investors
Weeks ago, XRP outperformed the rest of the market, surprising Ripple investors and other crypto holders alike. A recovery looked to be in full effect, but the altcoin has since fallen back to the bottom of weekly cloud support where bulls are trying to hold. If the cryptocurrency loses cloud support on weekly timeframes, it […]
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Bitcoin price lost support yesterday at around $27,000 and is now below a critical level that the last two times it was lost, resulted in a 50% or more decline. Will this signal returning once again forecast sudden doom and cause crypto prices to rain down another 50% lower? Bitcoin Forecast Is Suddenly Cloudy The last several weeks of resilience in Bitcoin price action have been seemingly erased this week, as price fell below support at $27,000. While the rounded psychological number is important by itself, BTCUSD has now pushed below the bottom of the Ichimoku cloud on the weekly....
$RAIN is the token behind Rainmaker Games, a platform dedicated to helping users all around the world engage in play-to-earn games in the most seamless way possible. 25 million rain tokens are currently sitting in the reserve. Those tokens are the ones that went unsold during the project’s fair token launch that took place via Copper Launch last month. That reserve is how users are going to get paid for staking their tokens and supporting the project. But just because it’s starting out with 25 million tokens, doesn’t mean it’s going to stay that way. The project might increase the amount....
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, […]
Bitcoin is forming a pivotal buying signal after weeks of consolidation. The cryptocurrency pushed higher over the past 10 days, which allowed this indicator to trend higher to form the buying signal seen today. Bitcoin Prints Pivotal Ichimoku Cloud Crossover Josh Olszewicz, a crypto-asset analyst, recently noted that the cryptocurrency formed a bullish TK Cross as per the Ichimoku Cloud indicator. The indicator is a multi-faceted indicator that shows important price levels along with the […]
Welcome to the CryptoCoinsNews weekly altcoin news update, where we examine important altcoin stories that have gone under-the-radar. This week's issue examines the recent Ripple price rise and the astounding early success of the Ethereum project's Ether sale. Ripple Price Recovery? The Ripple community has undergone significant turmoil over the past several months. In addition to speculation about internal dissension at Ripple Labs, the community endured a significant price decline after co-founder Jed McCaleb announced he was selling his entire XRP holdings. Within 48 hours of McCaleb's....